Persevere Inc

EIN: 471039429 501(c)(3) Youth Development

Salt Lake City, UT

Total Revenue
$12,970,995
Total Expenses
$12,999,802
Total Assets
$1,778,367
Net Assets
$685,153
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
UT
Principal Officer
Sean Hosman
Phone
8772607299
Tax Period
2024-01-01 to 2024-12-31

Persevere Inc, founded in 2015, is a mid-sized nonprofit in the Youth Development sector that reported $13.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

To empower justice-involved individuals at risk for further justice involvement to succeed as productive members of society.

Program Service Accomplishments

Program 1
Expenses: $11,014,787 Revenue: $133,096

Education - Persevere integrates industry-recognized technology education with comprehensive support services to ensure incarceration impacted individuals have the resources needed for long-term...

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Education - Persevere integrates industry-recognized technology education with comprehensive support services to ensure incarceration impacted individuals have the resources needed for long-term success. In 2024, more than 1,200 individuals were enrolled in educational programs nationwide, and hundreds of graduates secured employment in technology and related fields. Persevere also connects with employers, workforce boards and community organizations to expand second chance hiring and align training with industry demand. Persevere's recidivism rate remains below 2 percent, compared to the national average of 44 percent, demonstrating the transformative impact of education, employment, and holistic support on successful reentry. Graduates have become homeowners, entrepreneurs, and mentors, proving that, with opportunity, support, and belief in their potential, second chances truly lead to lasting change. To further ensure success, Persevere provides wrap-around services, such as mental-health support, digital access, transportation assistance, case management, housing stability, and employment preparation. These services support approximately 250 families impacted by incarceration. Persevere's comprehensive approach combining technology education, employment, mental-health support, family stability, and housing continues to transform lives and communities.

Program 2
Expenses: $187,322

On the Job Training - Persevere's on-the-job-training program provides employment opportunities for graduates as software developers and technical professionals. Through client projects, graduates...

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On the Job Training - Persevere's on-the-job-training program provides employment opportunities for graduates as software developers and technical professionals. Through client projects, graduates gain real-world experience while delivering high-quality IT solutions to corporate and nonprofit partners. Several graduates now serve as instructors, team leads, and mentors, illustrating the success of Persevere's full-circle model from training to employment to leadership.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,837,871
Program Service Revenue $133,096
Investment Income $28
Other Revenue $0
TOTAL REVENUE $12,970,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,412,905
Fundraising Expenses $164,151
Program Expenses $11,202,109
Other Expenses $3,586,897
TOTAL EXPENSES $12,999,802

Year-over-Year Comparison

2024 2023 Change
Revenue $12,970,995 $11,359,721 +0.1%
Expenses $12,999,802 $11,231,143 +0.2%
Net Income $-28,807 $128,578 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
214
Volunteers
89

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Hosman Chair/Acting Exec Dir 10.00
Director
$0 $0 $0
Marjorie Rist Treasurer 10.00
Director
$0 $0 $0
Jodi Anderson Vice Chair 2.00
Director
$0 $0 $0
Zach Hosman Board Member 1.00
Director
$0 $0 $0
Stephen Davis Board Member 1.00
Director
$0 $0 $0
Charley Deal Campaign Cabinet Chair 3.00
Director
$0 $0 $0
Jessica Dickerson Secretary 2.00
Director
$0 $0 $0
Stacey Books Interim CEO 40.00
Highest
$121,470 $8,112 $129,582
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $12,970,995 $12,999,802 $1,778,367 $-28,807
2023 $11,359,721 $11,231,143 $2,142,122 $128,578
2022 $6,558,003 $5,864,770 $1,619,182 $693,233
2021 $4,361,245 $3,755,612 $1,046,910 $605,633
2020 $1,556,181 $2,067,709 $456,993 $-511,528
2019 $806,875 $1,091,693 $62,460 $-284,818
2019 $814,374 $1,067,948 $62,861 $-253,574
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