Per Scholas Inc is located in Bronx, NY. The organization was established in 1995. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. As of 12/2023, Per Scholas Inc employed 627 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Per Scholas Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Per Scholas Inc generated $83.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $62.1m during the year ending 12/2023. While expenses have increased by 26.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE ECONOMIC EQUITY THROUGH RIGOROUS TRAINING FOR TECH CAREERS, AND TO CONNECT SKILLED TALENT TO LEADING BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL TRAINING - SINCE 1995, PER SCHOLAS HAS BEEN UNLOCKING POTENTIAL FOR INDIVIDUALS, EMPLOYERS, AND COMMUNITIES. WE PREPARE INDIVIDUALS TRADITIONALLY UNDERREPRESENTED IN TECHNOLOGY-WOMEN, PEOPLE OF COLOR, AND THOSE WITH AT MOST A HIGH SCHOOL DIPLOMA-FOR HIGH-GROWTH TECH CAREERS, PARTNERING WITH DYNAMIC EMPLOYER PARTNERS, FROM FORTUNE 500 COMPANIES TO INNOVATIVE STARTUPS, TO BUILD SUSTAINABLE AND DIVERSE TALENT PIPELINES. WE CONNECT GRADUATES TO CAREERS WITH PERSONAL MEANING, OPPORTUNITIES FOR ADVANCEMENT, AND THE WAGES NEEDED TO INVEST IN THEIR FUTURES AND THAT OF THEIR FAMILIES. TO DATE, MORE THAN 25,000 INDIVIDUALS HAVE GAINED THE SKILLS TO LAUNCH HIGH-GROWTH TECH CAREERS. BOTH REMOTELY AND AT CAMPUSES IN MORE THAN 20 CITIES, PER SCHOLAS OFFERS TUITION-FREE, IMMERSIVE TRAINING IN THE MOST IN-DEMAND TECH SKILLS, INCLUDING CLOUD, CYBERSECURITY, DATA ENGINEERING, IT SUPPORT, SOFTWARE ENGINEERING, AND MORE. HOLISTIC SUPPORT ENSURES THAT 85% OF LEARNERS GRADUATE, AND ROBUST JOB ATTAINMENT ASSISTANCE MEANS 80% OF PER SCHOLAS GRADUATES LAUNCH THEIR CAREERS WITHIN ONE YEAR OF COMPLETING A 3-4 MONTH FULL-TIME TRAINING COURSE, EARNING 3X THE WAGES THEY EARNED PRE-TRAINING. AFTER GRADUATION, PER SCHOLAS ALUMNI HAVE ACCESS TO ADDITIONAL TECHNICAL UPSKILLING, COACHING, AND OTHER CAREER DEVELOPMENT RESOURCES THROUGH OUR CAREER ACCELERATOR INITIATIVE, SPECIFICALLY DESIGNED TO HELP ALUMNI ADVANCE FURTHER AND MORE QUICKLY IN THEIR CAREERS. THE EFFICACY OF OUR MODEL HAS BEEN PROVEN IN TWO RANDOMIZED CONTROLLED TRIAL STUDIES-THE GOLD STANDARD OF EVALUATIONS. THE MOST RECENT MDRC WORK ADVANCE STUDY CONCLUDED THAT FOR EVERY $1 SPENT ON PER SCHOLAS TRAINING, $8 IS RETURNED TO THE LOCAL ECONOMY THROUGH REDUCTION OF PUBLIC BENEFITS, INCREASED TAXES, AND INCREASED SPENDING. ACCORDING TO THE STUDY, PER SCHOLAS ENROLLEES ARE 50% LESS LIKELY THAN THEIR PEERS TO RECEIVE UNEMPLOYMENT INSURANCE, NUTRITIONAL, AND INCOME SUPPORT IN THE TWO YEARS FOLLOWING PER SCHOLAS.
SOCIAL VENTURES - PER SCHOLAS' ASSET RECOVERY OPERATIONS, ACTS AS A RECYCLING BUSINESS, OFFERING A COMPLETE IT ASSET DISPOSITION SOLUTION. FINALLY, AS A NONPROFIT SOCIAL VENTURE, WE COLLECT USED EQUIPMENT DONATED BY CORPORATIONS, GOVERNMENT, AND INDIVIDUALS, PROPERLY RECYCLING THE END-OF-LIFE EQUIPMENT AND RECONDITIONING EQUIPMENT WITH CONTINUED USE. THIS ACTIVITY CREATES VALUABLE JOBS WHILE DIVERTING THOUSANDS OF TONS OF ELECTRONIC WASTE FROM LANDFILL DISPOSAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Plinio Ayala President And CEO | OfficerTrustee | 40 | $404,448 |
Caitlyn Brazill Chief Development Officer | 40 | $242,613 | |
Michelle K Pullaro Chief Operating Officer | 40 | $216,050 | |
Jasmine Miller Chief Training Officer | 40 | $176,689 | |
Constantine Lianos Chief Accounting Officer | Officer | 40 | $188,314 |
Montreece A Smith Executive Vp, People | 40 | $172,731 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Eliassen Group It Training | 12/30/21 | $431,605 |
Berlin Rosen Ltd Public Relations | 12/30/21 | $121,750 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $115,930 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $63,346,543 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $63,462,473 |
Total Program Service Revenue | $17,819,476 |
Investment income | $610,871 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$604,158 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $83,282,967 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $754,324 |
Compensation of current officers, directors, key employees. | $98,305 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $37,390,846 |
Pension plan accruals and contributions | $1,023,866 |
Other employee benefits | $4,273,930 |
Payroll taxes | $3,044,555 |
Fees for services: Management | $0 |
Fees for services: Legal | $134,934 |
Fees for services: Accounting | $89,354 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $75,575 |
Fees for services: Investment Management | $1,556 |
Fees for services: Other | $2,205,363 |
Advertising and promotion | $1,109,288 |
Office expenses | $904,041 |
Information technology | $2,104,810 |
Royalties | $0 |
Occupancy | $3,334,281 |
Travel | $863,368 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $28,300 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,223,060 |
Insurance | $448,306 |
All other expenses | $440,030 |
Total functional expenses | $62,085,666 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,513,710 |
Savings and temporary cash investments | $22,849,863 |
Pledges and grants receivable | $7,722,828 |
Accounts receivable, net | $2,103,249 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $425,463 |
Net Land, buildings, and equipment | $2,974,573 |
Investments—publicly traded securities | $8,688,218 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,636,410 |
Total assets | $63,914,314 |
Accounts payable and accrued expenses | $3,064,730 |
Grants payable | $0 |
Deferred revenue | $8,880,079 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,189,680 |
Total liabilities | $22,134,489 |
Net assets without donor restrictions | $38,615,763 |
Net assets with donor restrictions | $3,164,062 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $63,914,314 |
Organization Name | Assets | Revenue |
---|---|---|
Per Scholas Inc Bronx, NY | $63,914,314 | $83,282,967 |
New England Laborers Training Trust Fund Hopkinton, MA | $106,507,660 | $21,790,205 |
Local 282 Job Training Trust Fund Lake Success, NY | $2,187,832 | $681,666 |
Working For Women Inc Kingston, NY | $80,697 | $58,980 |
Westport Book Sale Ventures Inc Westport, CT | $138,492 | $305,223 |
Elevate To Even Plus Incorporated Summit, NJ | $19,553 | $0 |
Service Workers Coalition Incorporated Brooklyn, NY | $327 | $0 |
Good Job Angels Inc Great Neck, NY | $19,181 | $0 |
Troop C Health & Welfare Fund Hamilton Township, NJ | $71,382 | $0 |
Jobarr Foundation Inc Great Neck, NY | $310,229 | $14,176 |
Friends Of Allegany County Arc Wellsville, NY | $309,631 | $0 |
Riley Olson Memorial Fund Inc Queensbury, NY | $16,407 | $36,960 |
Her Chair His Hair Inc Brooklyn, NY | $328 | $0 |
Aisle Help Inc Westborough, MA | $1 | $0 |
Keste Foundation Inc New York, NY | $0 | $0 |
Bg Foundation Inc Staten Island, NY | $0 | $0 |
Bowery Group Charitable Fund Inc Pelham, NY | $0 | $0 |