InterSchola named one of SF Business Times 100 Fastest-Growing Private Companies in the Bay Area
InterSchola's online auctions provide market-based solution for public agencies to convert trash into cash
San Francisco, October 22, 2010— InterSchola is pleased to announce that it has been named one of the 100 fastest growing private companies in the Bay Area by the San Francisco Business Times. The ranking is based on percent net revenue growth for Fiscal Years 2007-2009, with InterSchola achieving a growth percentage of 66.4%. This is the first time that the San Francisco-based social enterprise has been included on this list and already reached a ranking as the 63rd fastest-growing company of the 100 Bay Area firms chosen.
The San Francisco Business Times celebrated the 100 companies in a gala at the city’s downtown Hilton. Mary Huss, publisher of the newspaper, says that InterSchola and the other fast-growing firms, “truly represent the best of the entrepreneurial spark and drive long associated with the Bay Area.”
InterSchola facilitates the sale of used goods to help cash-strapped school districts and other public agencies generate revenue. Company President and Founder Melissa Rich notes, “We’re thrilled that InterSchola has joined the ranks of the Bay Area’s high-achieving businesses, such as Vertical Response and Sundia.” With InterSchola's recent expansion into Florida by signing Collier County school district as a client, the company now serves nearly 400 public agencies in six states, including one-third of all school districts in California, as well as agencies in Maryland, New Jersey, New York and Pennsylvania.
Whether selling surplus buses from one school district to another at an affordable price, finding new uses for used food service equipment for small, local businesses or finding a buyer for a 24-foot planetarium dome to use for an inner city afterschool program, InterSchola provides a unique service that considers the triple bottom line — people, planet and profits. Since its founding, InterSchola has sold almost $10M worth of surplus goods to the community and generated millions of dollars in funds for public institutions.
News of InterSchola being named one of the Bay Area's 100 fastest growing private companies caps a year of milestones for the social enterprise. In addition to expanding into new territories, in January 2011 InterSchola was awarded San Francisco Green Business Certification, due in part to its annual diversion of 2-3 million pounds from landfills.
Excerpt from the article showing statistics used to determine InterSchola’s ranking
InterSchola was established in 2004 to help school districts with surplus inventory realize the value of these assets while at the same time freeing up expensive storage space and valuable staff resources. InterSchola's unique model is designed to eliminate the headaches associated with surplus disposal by managing the public auction process from start to finish and ensures compliance with complex legal Education Codes. Items sold have ranged from pianos to portable buildings, from computers to cars, and from food service to facility equipment. InterSchola has returned millions of dollars to schools, districts and other local public agencies and has helped save countless more dollars previously spent on staff, storage and surplus disposal costs.