We are proud to share that Schoolzilla is now officially a Public Benefit Corporation (PBC). A PBC is a relatively new type of corporation that supports and protects companies striving to make a social impact.
As a PBC, we now have legal protection to make decisions that prioritize schools’ needs, even when we have to sacrifice financially. We are also publicly and legally committed to reporting on our progress toward achieving our social purpose. Traditional corporations, by contrast, measure performance on financial indicators alone, and their Boards are responsible for maximizing shareholder value.
In short, becoming a PBC underscores our commitment to grow in ways that serve our partners and further our mission: Change the lives of millions of students by enabling people to use data to run great schools.