Overview
What is Per Scholas Inc?
Per Scholas Inc is a 28-year-old national nonprofit organization dedicated to advancing economic equity by providing rigorous training and professional development for individuals underrepresented in the technology industry. With a presence in 22 cities and a workforce of 633 employees, they offer tuition-free, immersive, and cohort-based training programs, enabling graduates to pursue high-growth careers in technology. Per Scholas partners with leading employers to create diverse talent pools and offer new opportunities, from Fortune 500 companies to innovative startups. Their approach includes tailored training models, employer connections, and a focus on technical skills and company culture. Through customized training and paid placement programs, Per Scholas helps businesses source diverse talent, and has seen significant success: their graduates report salary increases three times their pre-training wages, earn 30% more than their peers, and have higher levels of life satisfaction. This equates to a $8 return on investment for every $1 spent.
Official website here: www.perscholas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
Per Scholas Inc has received an impressive 97% rating from Charity Navigator, indicating strong performance in accountability and financial management. The organization excels in its impact measurement and community culture, both scoring 100%, showcasing its effectiveness in delivering training and support to individuals from underserved communities.
The nonprofit boasts a successful track record, having trained over 20,000 individuals at no cost to learners. Its program expense ratio is robust, with 80.65% of its expenditures directed toward programs, effectively increasing the income of beneficiaries by more than $1.50 for every dollar spent. The organization aims to further its reach, with goals set to train 4,000 new learners and achieve an 80% job attainment rate for graduates.
While the organization shows strong financial health, with a fundraising efficiency ratio of $0.072, there is a noted working capital ratio of 0.55 years, which may raise questions about long-term financial sustainability. Overall, Per Scholas Inc demonstrates commendable leadership and adaptability in fulfilling its mission to empower individuals through education and job training.
This AI summary has been generated from information found on Charity Navigator.
Is Per Scholas Inc legitimate?
Per Scholas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Per Scholas Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,173,490
Professional Fundraising Fees: $107,875
Other Salaries and Wages: $31,001,591
For more financial information, click here
Official website here: www.perscholas.org
What is the mission statement of Per Scholas Inc?
Per Scholas is a 26-year-old organization dedicated to advancing economic equity by providing rigorous training for tech careers. Through their comprehensive program, they prepare individuals from underrepresented backgrounds for high-growth tech industry roles. Per Scholas achieves this by offering rigorous training, professional development, and robust employer connections. Their graduates are directly linked to promising career opportunities with leading businesses, ranging from Fortune 500 companies to innovative startups. With campuses in 17 locations, Per Scholas has trained over 17,000 individuals in tech skills at no cost to learners, bridging the gap to successful careers in technology.
Official website here: www.perscholas.org
Who is the CEO of Per Scholas Inc?
Plinio Ayala is the President And Ceo of Per Scholas Inc. The CEO's salary of Per Scholas Inc is $458,100 and their total compensation is $475,088.
Official website here: www.perscholas.org
What is the revenue of Per Scholas Inc?
Per Scholas Inc's revenue in 2022 was $55,750,289.
Official website here: www.perscholas.org
Who are the executives of Per Scholas Inc and what are their salaries?
The average compensation at Per Scholas Inc during 2022 was $50,830. There are 633 employees and 2176 volunteers at Per Scholas Inc.
Here are 31 key members and their salaries (Per Scholas Inc's CEO's salary is $458,100 and their total compensation is $475,088):
- Compensation: $458,100
- Related: $0
- Other: $16,988
- Compensation: $249,551
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- Other: $13,574
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- Other: $9,506
- Compensation: $226,450
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- Other: $11,769
- Compensation: $201,625
- Related: $0
- Other: $30,514
- Compensation: $203,757
- Related: $0
- Other: $13,504
- Compensation: $192,450
- Related: $0
- Other: $23,229
- Compensation: $202,450
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Official website here: www.perscholas.org
Where can I find the form 990 for Per Scholas Inc?
Per Scholas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.perscholas.org
Learn more at the official website: www.perscholas.org
Mission Statement of Per Scholas Inc
Per Scholas, a prominent national organization, has been dedicated to advancing economic equity for the past 26 years. Through rigorous training programs and professional development, this pioneering nonprofit empowers individuals from underrepresented backgrounds to acquire skills for successful careers in the technology industry.
At the heart of Per Scholas' mission lies its commitment to bridging the gap between skilled talent and leading businesses in the tech sector. The organization prides itself on its robust connections with prominent employers, ranging from esteemed Fortune 500 companies to innovative startups. By directly linking its graduates to career opportunities within these organizations, Per Scholas fosters a diverse talent pool and drives inclusion in the technology industry.
To date, the impact of Per Scholas' mission has been significant, with over 17,000 individuals receiving no-cost training in tech skills. This remarkable achievement is a testament to the organization's unwavering dedication to creating opportunities for economic mobility and breaking down barriers to entry in the tech industry.
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Impact
October, 2024
Per Scholas Inc has a significant impact on advancing economic equity by providing rigorous training for tech careers and connecting skilled talent to leading businesses. For over 28 years, the organization has focused on preparing individuals who are traditionally underrepresented in technology for high-growth careers in the industry. With campuses in 22 cities, Per Scholas has trained over 20,000 individuals at no cost, fostering increased access to tech roles for marginalized communities.
The training model employed by Per Scholas is immersive, cohort-based, and full-time, resulting in substantial salary increases—averaging three times the learners’ pre-training wages. Studies demonstrate that graduates earn 30% more than their peers and are significantly less likely to rely on public assistance. Furthermore, participants report higher life satisfaction, reflecting the program's holistic impact on personal and professional well-being.
Per Scholas not only equips learners with essential technical skills but also partners closely with leading employers to tailor training to specific hiring needs, promoting diversity within their talent pools. This collaboration creates a direct pipeline from training to employment, enhancing the workforce for Fortune 500 companies and innovative startups alike. The return on investment is compelling—communities and governments can expect a return of $8 for every $1 invested in Per Scholas's training programs. Through these initiatives, Per Scholas Inc plays a vital role in transforming lives and contributing to the economic vitality of communities across the nation.
This information is meant to be a general summary of Per Scholas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $302,620
- Program Service Revenue: $14,470,028
- Gross Receipts: $56,920,033
Assets and Liabilities:
- Total Assets: $45,767,891
- Total Liabilities: $24,613,877
- Net Assets: $21,154,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CUSTOMIZED TRAINING FEES AND OTHER
Revenue
$10,651,352
GOVERNMENT AND CONTRACT REVENUE
Revenue
$3,818,676
Organization Details
Founding Year
1994
Phone
(718) 991-8400Principal Officer
Plinio Ayala
Main Address
804 E 138TH STREET 2ND FLOOR, BRONX, NY, 104541902
Website
www.perscholas.orgNTEE Category
Code: J12 - Employment
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