Civic Intelligence

Per Scholas Inc.

990 • Fiscal year 2022 • EIN 04-3252955

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 25, 2023

804 E 138th Street 2nd FloorBronx, NY 10454-1902

(718) 991-8400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.54x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.44x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

35th percentile

1.3%

Higher net margin than 35% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$475,088

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

91st percentile

39%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Up

$45,767,891

Up $12,796,407 (+39%) from 2021

Net Assets

Up

$21,154,014

Up $4,407 (+0.0%) from 2021

Liabilities

Up

$24,613,877

Up $12,792,000 (+108%) from 2021

Revenue

Up

$55,750,289

Up $10,186,821 (+22%) from 2021

Expenses

Up

$55,031,670

Up $18,883,246 (+52%) from 2021

Net Income

Down

$718,619

Down $8,696,425 (-92%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $5,476,558Liabilities 2010: $3,607,423Net Assets 2010: $1,869,1352010Assets 2011: $5,165,746Liabilities 2011: $2,859,210Net Assets 2011: $2,306,5362011Assets 2012: $5,874,705Liabilities 2012: $2,800,417Net Assets 2012: $3,074,2882012Assets 2013: $4,213,663Liabilities 2013: $557,774Net Assets 2013: $3,655,8892013Assets 2014: $5,643,561Liabilities 2014: $806,941Net Assets 2014: $4,836,6202014Assets 2015: $7,678,930Liabilities 2015: $2,485,965Net Assets 2015: $5,192,9652015Assets 2016: $7,356,287Liabilities 2016: $1,751,928Net Assets 2016: $5,604,3592016Assets 2017: $7,571,793Liabilities 2017: $1,746,322Net Assets 2017: $5,825,4712017Assets 2018: $13,832,914Liabilities 2018: $4,212,778Net Assets 2018: $9,620,1362018Assets 2019: $16,072,174Liabilities 2019: $4,665,366Net Assets 2019: $11,406,8082019Assets 2020: $23,740,240Liabilities 2020: $11,947,322Net Assets 2020: $11,792,9182020Assets 2021: $32,971,484Liabilities 2021: $11,821,877Net Assets 2021: $21,149,6072021Assets 2022: $45,767,891Liabilities 2022: $24,613,877Net Assets 2022: $21,154,0142022Assets 2023: $63,914,314Liabilities 2023: $22,134,489Net Assets 2023: $41,779,8252023Assets 2024: $70,586,387Liabilities 2024: $27,200,117Net Assets 2024: $43,386,2702024

Highlighted filing

2022

Assets$45,767,891
Liabilities$24,613,877
Net Assets$21,154,014

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Revenue 2010: $5,497,416Expenses 2010: $5,300,049Net Income 2010: $197,3672010Revenue 2011: $5,195,842Expenses 2011: $4,750,806Net Income 2011: $445,0362011Revenue 2012: $4,962,636Expenses 2012: $4,195,245Net Income 2012: $767,3912012Revenue 2013: $5,746,034Expenses 2013: $5,164,566Net Income 2013: $581,4682013Revenue 2014: $8,021,397Expenses 2014: $6,840,666Net Income 2014: $1,180,7312014Revenue 2015: $8,588,543Expenses 2015: $8,232,198Net Income 2015: $356,3452015Revenue 2016: $10,600,573Expenses 2016: $10,189,179Net Income 2016: $411,3942016Revenue 2017: $12,080,240Expenses 2017: $11,859,128Net Income 2017: $221,1122017Revenue 2018: $19,649,031Expenses 2018: $15,854,366Net Income 2018: $3,794,6652018Revenue 2019: $24,005,584Expenses 2019: $22,221,862Net Income 2019: $1,783,7222019Revenue 2020: $25,173,315Expenses 2020: $24,806,017Net Income 2020: $367,2982020Revenue 2021: $45,563,468Expenses 2021: $36,148,424Net Income 2021: $9,415,0442021Revenue 2022: $55,750,289Expenses 2022: $55,031,670Net Income 2022: $718,6192022Revenue 2023: $83,282,967Expenses 2023: $62,085,666Net Income 2023: $21,197,3012023Revenue 2024: $70,003,209Expenses 2024: $68,608,799Net Income 2024: $1,394,4102024

Highlighted filing

2022

Revenue$55,750,289
Expenses$55,031,670
Net Income$718,619
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 25, 2023
Return Version
2022v5.0
Gross Receipts
$56,920,033
Mission and Program Overview

Mission

Per scholas is a national organization that has been advancing economic mobility for 25 years. Through rigorous training, professional development, and robust employer connections, we prepare individuals traditionally underrepresented in technology for high-growth careers in the industry. We partner with leading employers to build more diverse talent pools, directly connecting our graduates to new career opportunities with leading employers, from fortune 500 companies to innovative startups. With campuses in 19 cities, per scholas has trained 16,500 individuals in tech skills at no cost to learners, building bridges to careers in technology.

To advance economic equity through rigorous training for tech careers, and to connect skilled talent to leading businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,776,743$20,197,279▲ $5,420,536
Savings and Temporary Cash Investments$10,347,753$9,287,723▼ $1,060,030
Pledges and Grants Receivable$3,421,989$4,769,559▲ $1,347,570
Land, Buildings, and Equipment, Net$3,977,886$3,343,840▼ $634,046
Investments in Publicly Traded Securities$35,869$818,207▲ $782,338
Prepaid Expenses and Deferred Charges$150,605$212,191▲ $61,586
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$32,971,484$45,767,891▲ $12,796,407
Other Assets Total$260,639$7,139,092▲ $6,878,453
Liabilities
Deferred Revenue$9,425,926$14,439,103▲ $5,013,177
Other Liabilities$0$7,542,901▲ $7,542,901
Accounts Payable and Accrued Expenses$2,395,951$2,631,873▲ $235,922
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,821,877$24,613,877▲ $12,792,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,249,607$18,276,514▲ $26,907
Net Assets With Donor Restrictions$2,900,000$2,877,500▼ $22,500
Total Net Assets Fund Balance$21,149,607$21,154,014▲ $4,407
Total Liabilities and Net Assets / Fund Balance$32,971,484$45,767,891▲ $12,796,407

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,532,095$3,519,319$5,051,414
Equipment$1,509,225$2,523,632$4,032,857
Other Land Buildings$302,520$439,906$742,426
Other Assets Org$313,552--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Plinio AyalaPresident and CEOFT$315,000$160,088$475,088
Caitlyn BrazillChief Development OfficerFT$227,101$36,024$263,125
Victor De La PazChief Fin. & Admin. OfficerFT$216,791$26,131$242,922
Michelle K PullaroChief Operating OfficerFT$204,000$34,219$238,219
Jasmine MillerChief Training OfficerFT$185,000$47,139$232,139
Constantine LianosChief Accounting OfficerFT$181,307$35,954$217,261
Montreece a SmithExecutive VP, PeopleFT$170,000$45,679$215,679
Damien J HowardChief Enterprise Solutions OffFT$160,000$54,981$214,981
Tamara JohnsonChief of Staff-$169,818$28,551$198,369

Board Members and Trustees

NameTitle
Lewis E MillerChairman/director
Ami ArielDirector
Blair GreenbergDirector
David HanniganDirector
Dwayne BrownDirector
Faith Rottmann JohnsonDirector
Ian SchaadDirector
Ian ShrankDirector
Jc LapierreDirector
Jean HillDirector
Josh LiebermanDirector
Kevin P BrownDirector
Mary Beth MolloyDirector
Senta TaylorDirector
Wale AkinwandeDirector
Wayne KunowDirector
Indy ReddyDirector (as of 11/22)
Dirk ManelskiDirector (as of 9/22)
Tina LydenDirector (thru 02/22)
Derek BraddockDirector (thru 12/22)
Jan LodalDirector (thru 12/22)
Carolyn LandisSecretary/director
Gregory W SillsTreasurer/director

Highest Paid Contractors

ContractorServicesLocationCompensation
Kenneth Moore Communications LLCFundraising Svc32W 131 STREET, New York, NY 10037$107,875
Revenue and Support

Revenue Composition

Contributions and Grants
$40,340,105
Program Service Revenue
$14,470,028
Investment Income
$302,620
Other Revenue
$637,536
All Other Contributions
$40,316,760
Change in Net Assets
$718,619

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,749,007
Revenue Not Reported on Financial Statements
$1,282
Revenue Not Reported on Form 990
$-714,212
Total Revenue per Audited Statements
$55,034,795
Total Revenue per Form 990
$55,750,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$38,062,659
Other Expenses$16,861,136
Total Fundraising Expense$3,118,875
Professional Fundraising Fees$107,875
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,073,374$4,902,856$2,025,361$31,001,591
Occupancy$2,965,159$18,797$5,306$2,989,262
Other Employee Benefits$1,999,233$407,798$180,324$2,587,355
Payroll Taxes$1,984,226$404,737$178,970$2,567,933
Information Technology$2,409,876$39,250$29,039$2,478,165
Fees for Services Other$2,134,908$110,584$206,427$2,451,919
Depreciation Depletion$1,204,852$55,144-$1,259,996
Current Officers, Directors, Trustees, and Key Employees$911,041$185,558$76,891$1,173,490
Advertising$998,588$79,392$27,709$1,105,689
Office Expenses$802,412$117,953$53,857$974,222
Travel$420,903$314,159$98,731$833,793
Pension Plan Contributions$565,837$115,417$51,036$732,290
All Other Expenses$86,923$534,210$3,293$624,426
Insurance$394,032$36,216$22,635$452,883
Fees for Services Lobbying-$136,050-$136,050
Fees for Services Professional Fundraising--$107,875$107,875
Conferences and Meetings$50,291$26,337$22,272$98,900
Fees for Services Legal$26,224$64,760$1,333$92,317
Fees for Services Accounting$32,852$45,188$1,888$79,928
Other Expenses$71,829$1,160$772$73,761
Fees for Service Investment Mgmnt Fees-$1,282-$1,282
Total Functional Expenses$44,246,149$7,666,646$3,118,875$55,031,670

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$55,031,670
Expenses per Audited Statements$55,030,388
Total Expenses per Audited Statements$55,030,388
Expenses Not Reported on Financial Statements$1,282
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$107,875
Fundraising Direct Expenses$68,698
Fundraising Gross Income$68,698
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2022 Golf Event$92,043$68,698$6,000$62,698
Total Events$92,043$68,698$68,698-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Payable$7,542,901
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 8B:

Some committees do not keep minutes.

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. Draft form 990 was reviewed by the organization's cao and then provided to all members of the board of directors in draft via electronic mail, with an opportunity for them to comment or make inquiry before it was filed with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization has a conflict of interest policy that is available to the employees and related parties. Annually, members of the board and the president and ceo sign the conflict of interest form and the cao collects, reviews and informs the president of any conflict. The chairman of the board monitors the activity.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization uses a compensation survey and/or study in order to establish compensation. Once established, the ceo and cfao's compensation must be approved by the board executive committee. Contemporaneous substantiation of the deliberation and decision is maintained.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its form 990, financial statements and annual report available on its website at perscholas.org and to the public upon request. The organization's governing documents and conflict of interest policy are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Per Scholas Inc
EIN
04-3252955
In Care Of
% DINO LIANOS
Phone
7189918400
Address
804 E 138TH STREET 2ND FLOOR, BRONX, NY 10454-1902

Signing Officer

Name
Dino Lianos
Title
Chief Accounting Off
Phone
7189918400
Signed
2023-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Plinio Ayala
Formed
1994
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
20
Employees
633
Volunteers
2,176

Preparer

Firm
Bdo USA
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

The organization follows the provisions of gaap, which state that an organization must recognize the tax liability associated with tax positions taken for tax return purposes when it is more likely than not the position will not be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed irs form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended december 31, 2022, there were no interest or penalties recorded or included in the statement of activities.

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IRS990/Desc0VOCATIONAL TRAINING - Per Scholas is a national organization advancing economic mobility for 28 years. Through rigorous training, professional development, and robust employer connections, we prepare individuals traditionally underrepresented in technology for high-growth careers in the industry. We partner with leading employers to build more diverse talent pools, directly connecting our graduates to new career opportunities with leading employers, from Fortune 500 companies to innovative startups. With campuses now in 22 cities, Per Scholas has trained 20,000 individuals in tech skills at no cost to learners, building bridges to careers in technology. Our immersive, cohort-based, and full-time training model consistently yields salary increases of three times our learners' pre-training wages. In addition, two random control trial studies have found that Per Scholas learners earn 30% more than their peers, are 50% less likely to rely on public safety net programs, and report higher levels of life satisfaction. Together, these successes amount to a return on investment to governments and communities of $8 for every $1 invested. Per Scholas also actively partners with employers and integrates them into every facet of our activity. We are one of the only nonprofit organizations offering customized training models. With funding and oversight from employers, we work to tailor our curriculum to meet companies' specific hiring needs in terms of both hard technical skills and an introduction to company culture and value sets. Companies have paid us through our customized training practice to help them source diverse new talent for their businesses. We have also begun to pilot paid placement/fee-for-hire relationships, in which employers pay Per Scholas for each Per Scholas graduate successfully hired by the employer.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF OPERATING OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF ACCOUNTING OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR (THRU 12/22)
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.6$27.2$43.4$70.0$68.6$1.39
2023Detailed filing. Detailed filing data is available for this year.$63.9$22.1$41.8$83.3$62.1$21.2
2022Detailed filing. Detailed filing data is available for this year.$45.8$24.6$21.2$55.8$55.0$0.72
2021Detailed filing. Detailed filing data is available for this year.$33.0$11.8$21.1$45.6$36.1$9.42
2020Detailed filing. Detailed filing data is available for this year.$23.7$11.9$11.8$25.2$24.8$0.37
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$4.67$11.4$24.0$22.2$1.78
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$4.21$9.62$19.6$15.9$3.79
2017Detailed filing. Detailed filing data is available for this year.$7.57$1.75$5.83$12.1$11.9$0.22
2016Summary only. Only limited summary data is available for this year.$7.36$1.75$5.60$10.6$10.2$0.41
2015Summary only. Only limited summary data is available for this year.$7.68$2.49$5.19$8.59$8.23$0.36
2014Summary only. Only limited summary data is available for this year.$5.64$0.81$4.84$8.02$6.84$1.18
2013Summary only. Only limited summary data is available for this year.$4.21$0.56$3.66$5.75$5.16$0.58
2012Summary only. Only limited summary data is available for this year.$5.87$2.80$3.07$4.96$4.20$0.77
2011Summary only. Only limited summary data is available for this year.$5.17$2.86$2.31$5.20$4.75$0.45
2010Summary only. Only limited summary data is available for this year.$5.48$3.61$1.87$5.50$5.30$0.20
Peer Organizations

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