Per Scholas Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Plinio Ayala
President And CEO
$404,448
Caitlyn Brazill
Chief Development Officer
$242,613
Michelle K Pullaro
Chief Operating Officer
$216,050
Jasmine Miller
Chief Training Officer
$176,689
Constantine Lianos
Chief Accounting Officer
$188,314
Montreece A Smith
Executive Vp, People
$172,731

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Eliassen Group
It Training
$431,605
Berlin Rosen Ltd
Public Relations
$121,750
View All Vendors

Financial Statements

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

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