Empowering untapped talent for a thriving tech workforce
Letter from the CEO and Board Chair
Innovating for Impact: Transforming Programs, Bridging Opportunity
Mission, Vision, and Core Values
Path2TECH: A New Pathway into App Development
Advanced Training: Bridging the Cyber Talent Gap
2024 Year in Review: Transformation by the Numbers
The Power of Transformation: Alumni Journeys That Inspire
Apprenticeship: A Strategic Talent Pipeline for Tech
Veterans and MilitaryConnected: Expanding Access, Elevating Futures
Equipping the Next Generation for a Rapidly Evolving Tech Landscape
National Partnerships: Expanding Our Reach, Deepening Our Impact
Volunteers: Bridging Opportunity Through Service
Financial Overview Our Supporters
Regional Impact Across the Country NPower Gala 2024: A Night of Inspiration, Connection, and Possibility
Letter from the CEO & Board Chair
AS WE REFLECT ON 2024, we are deeply proud of how our community of students, alumni, staff, volunteers, and partners have come together to meet this moment with purpose. It was a year marked by rapid change, emerging technologies, and unique challenges that required us to be agile, creative, and bold in our approach. In true NPower fashion, we did more than adapt. We led with innovation. More importantly, we remained a bold, adaptive force committed to transforming lives and bridging opportunities.
Our 2030 Roadmap continues to guide our strategy through four pillars: creating seamless transitions, expanding learning pathways, advancing systems change, and building scale and sustainability. These pillars anchor our priorities to expand our reach, strengthen alumni engagement, reinforce our voice as a thought leader in workforce development, maintain financial strength, and become a leading nonprofit employer.
In 2024, we advanced these goals through meaningful action. Our SkillBridge Cybersecurity program continued to deliver remarkable outcomes for transitioning service members. Our growing apprenticeship work has become a critical bridge between classroom learning and real-world employment. The launch of our App Development program is creating new pathways into one of the most in-demand areas of tech, helping our students gain the skills needed to thrive in software development careers. These initiatives are more than programs. They are pathways to possibility.
We know that what sets NPower apart is not only what we teach, but also how we deliver it. Technology is evolving rapidly, especially in areas like artificial intelligence. That’s why we continually reinvent our curriculum and collaborate closely with our employer and community partners to ensure our training remains relevant and forward-looking. We also understand that success goes far beyond technical skills. Our wraparound services, including career coaching, trauma-informed care, job placement assistance, and upskilling opportunities, ensure our students are supported at every stage, from training through career advancement.
This work is only possible because of the trust, connection, and camaraderie we’ve built with our partners and stakeholders. Together, we are expanding access to opportunity, transforming lives, and preparing the next generation of tech talent to thrive.
MATT HORNER Chair, NPower Board of Directors Executive Vice President, World Wide Technology, Inc.
02
Mission, Vision, & Core Values
NPOWER IS A NATIONAL NONPROFIT ORGANIZATION
dedicated to creating opportunities in the technology sector for those who have traditionally faced barriers to entry. We provide free, comprehensive tech training programs for young adults and military-connected individuals from low-to-moderate income communities.
We have offered foundational, intermediate and advanced career training opportunities to over 12,000 graduates, with the goal of scaling to serve 15,000 annually by 2030— all while maintaining strong placement outcomes. Led by a committed team, we seek to create a tech workforce that mirrors the world around us and empowers students to drive change in their own lives and communities.
Humility
We learn from mistakes and successes in equal measure.
Inclusion
We are committed to efforts that build respect, dignity, fairness, belonging, and self-esteem.
Commitment
We are dedicated to the success of our students, team, and stakeholders.
Integrity
We are transparent, honest, and ethical in all interactions.
Impact
We work together to transform lives and strengthen communities.
Our 2030 Roadmap
01
Increase the number of individuals trained while maintaining strong job placement outcomes and reducing the average cost per student.
02 Strengthen alumni engagement, upskilling, and career success.
03
04
Position NPower as an authoritative voice within the workforce development and training fields.
Maintain financial sustainability through earned income and diverse funding streams.
05
Be the country’s best, most innovative skills training nonprofit to work for, where employees grow and thrive.
YEAR IN REVIEW
03 Transformation by the Numbers
IN 2024, the push toward skills-based hiring accelerated as employers sought candidates who could keep pace with rapidly evolving technology, especially in fields shaped by artificial intelligence, cybersecurity, and cloud computing. While the bias toward four-year degrees still dominated many job descriptions, more companies began to recognize that potential and proven skills matter in the everevolving tech landscape. This shift is creating new pathways for NPower students, who have long been overlooked by conventional hiring practices.
NPower continued to deliver measurable results in 2024. A total of 2,296 individuals enrolled in our programs, and 82% successfully graduated from NPower programs. Over 45% of students came to NPower unemployed, and 60% did not have a college degree. The impact on earning power is especially striking. Before NPower, students had an average starting salary of just over $20,000. After graduation, that average jumped to nearly $54,000, a 168 percent increase. These gains were most significant among military-connected students. Veterans, spouses, and transitioning military members saw the most significant salary lift, with post-program earnings averaging more than $73,000. With focused pathways in cybersecurity, cloud computing, and app development, NPower’s programs are equipping students with highdemand skills and accelerating upward mobility in an evolving tech workforce.
General Overview
2,401 total served
1,879 total graduated 1,051 unemployed before program
1,385 enter NPower without a college degree
Percentage who graduated from NPower
Percentage increase in starting salary:
$53,799 $20,027 starting salary before program starting salary after program
THE POWER OF TRANSFORMATION:
Alumni Journeys That Inspire
“My time at NPower has been very beneficial. I was able to take real steps toward a career in tech.”
“If someone else has done it, I can do it too. If no one has, then I can be the first.”
Before NPower, Khai was working in various warehouse roles at FedEx and Sutter Health. He realized quickly that he wanted more than a job. Khai wanted a career that would set him on the path to long-term success. Introduced to NPower by a former high school classmate, he saw it as the perfect opportunity to pivot into tech. Throughout the program, Khai embraced hands-on training with Kali Linux and Windows systems and proudly earned his CompTIA ITF+ certification. Now equipped with a strong technical foundation and a clear sense of direction, Khai has launched his new career as a Distribution Technician at Meta.
NPower California Tech Fundamentals
Fall 2024
Distribution Technician, Meta
Originally from South Dakota, Stephanie Wurtz joined the U.S. Army as a Cargo Specialist with a desire to see the world. After more than three years of service, including two in South Korea, she began preparing for civilian life and discovered the NPower SkillBridge Cybersecurity program through the military’s transition assistance program. With the support of instructors and coaches, Stephanie built the skills and confidence to make a challenging career shift. Today, she continues her service in a new way, protecting the nation virtually as an AV Technician at MSM Technology.
Stephanie Wurtz
U.S. Army Veteran
NPower SkillBridge Cybersecurity
Spring 2024
AV Technician, MSM Technology
Khai Murphy
“NPower’s encouragement has been invaluable to my success.”
“Discovering NPower was a revelation.”
As a military spouse and stay-at-home mom with a long résumé gap, Angelica Velazquez feared no employer would take a chance on her. That changed when she joined NPower’s Tech Fundamentals program in Houston. During a Speed Networking event, she connected with Harris County Universal Services, which offered her a position after graduation. Today, Angelica is earning more than twice what she made before her career break and has found renewed confidence in a field she once thought out of reach. With her sights set on becoming a cloud engineer, she is continuing her training and looking ahead with optimism.
Angelica Velazquez
Military Spouse
Before joining NPower, Christian Rondon was stuck in a cycle of customer service jobs with no clear path forward. Though he had long been drawn to science and technology, a lack of direction in high school left him short on credentials and unsure how to break into the tech world. A referral from a former classmate and NPower graduate opened the door to opportunity. Through the Maryland Tech Fundamentals program, Christian found more than training. He found purpose. With a renewed sense of focus and a growing confidence in his abilities, Christian is now launching his tech career as an IT Service Desk Analyst at Singer Equipment Company.
Christian Rondon
NPower Maryland Tech Fundamental,
“At NPower, I gained handson experience and practical skills.”
“NPower changed my life.”
After seven years in the U.S. Air Force as a Fuels Logistician, Neil Martinez began preparing for civilian life with one goal in mind: building stability for his family. With exposure to technology during his service, he set his sights on IT and discovered NPower at a career fair. Enrolling in the SkillBridge Cybersecurity program, he excelled in earning his CompTIA Security+ and Linux+ certifications. With support from the NPower team, Neil launched his next chapter and now serves as a Network Administrator II at CACI International, supporting defense and intelligence operations.
U.S. Air Force Veteran
NPower SkillBridge
Spring 2024
Network Administrator II, CACI International
Before joining NPower, Wendy Chiu was working late nights in the food service industry, uncertain about her future. As the eldest daughter in her immigrant family, she carried a deep sense of responsibility but longed for stability and growth. Encouraged by a friend and NPower alum, Wendy enrolled in Tech Fundamentals, reigniting her early passion for technology. Balancing shifts with coursework, she earned an internship with Deloitte’s IT team. Today, she is a Senior One Team Ambassador, managing AV systems and supporting corporate tech operations with confidence and pride.
NPower New York Tech Fundamentals
Spring 2024
Senior One Team Ambassador
Deloitte
Neil Martinez
Wendy Chiu
“My time at NPower gave me the confidence to start a new career.”
“NPower gave me the tools, confidence, and real-world experience.”
After retiring from the police force, U.S. Army veteran Ron O’Neil set his sights on building a second career in IT. Though already working in the field, he often found himself overwhelmed and underprepared, relying on self-research to solve issues on the job. That changed when the VA connected him to NPower. Throughout the Tech Fundamentals program, Ron worked hard to strengthen his technical skills and rebuild his confidence. With renewed clarity and drive, he felt empowered to continue his education, open his own business, and pursue a long-term role in technology.
Ron O’Neil
U.S. Army Veteran
NPower Michigan Tech Fundamentals
Spring 2024
Head of Security and Founder, O’Neil Home Services
After earning an associate degree in Software Development from Sinclair Community College, Levon Phelps was eager to launch his tech career but knew he needed additional credentials to stand out. Introduced to NPower through a family member, he enrolled in the Tech Fundamentals program to gain hands-on training and industryrecognized certifications without taking on more debt. Levon thrived, earning his CompTIA ITF+ and A+ certifications, building professional confidence, and securing an internship with CareSource. Today, he is a Desktop Support Engineer at Premier Health Partners and is preparing for the CompTIA Security+ exam as he works toward his goal of becoming a Cybersecurity Analyst.
Levon
Phelps
NPower Ohio Tech Fundamentals
Fall 2024
Desktop Support Engineer, Premier Health Partners
“NPower showed me I have so many options for a career in tech.”
“For me, NPower was a second chance to receive a quality education.”
When Delani Weaver enrolled in NPower’s Path2Tech: App Development program, she was already working as a Site Search Product Owner at Michaels, but wanted to expand her options in technology. The professional development training proved transformative—helping her refine her resume, strengthen her LinkedIn profile, and negotiate confidently. Those enhancements led directly to her current role as a Digital Product Owner at ADI Global Distribution, a position she was recruited for through LinkedIn. Delani’s journey shows how exploration, preparation, and the right support can open doors to unexpected opportunities.
Delani Weaver
NPower Path2TECH: App Development
Fall 2024
Digital Product Owner, ADI Global Distribution
Ernesto Cabrera developed a passion for technology in high school, which carried into a 15-year career in the U.S. Air Force as an IT Specialist. After leaving the military, Ernesto worked in restaurants and retail but longed to return to tech. Referred by a friend, Ernesto joined NPower’s Tech Fundamentals program and advanced through both the Cloud Computing and Cybersecurity tracks. Along the way, they earned AWS Cloud Practitioner and Solutions Architect Associate certifications, completed a cybersecurity internship with Accenture, and gained hands-on experience with generative AI. Today, Ernesto is thriving as an IT Apprentice at Con Edison while also serving as an Assistant Technical Instructor for NPower’s Cloud Computing program, continuing to grow in the field while giving back to future learners.
Ernesto Cabrera
NPower New York Tech Fundamentals
Spring 2024
Senior One Team Ambassador Deloitte
Worthy of a Standing Ovation: Watch NPower Alumnus Landen Manuel
Share His Journey on the NPower Gala Stage
05
INNOVATING FOR IMPACT
Transforming Programs, Bridging Opportunity
THE PACE OF TECHNOLOGICAL CHANGE and the growing demand for skilled workers require training models that are both innovative and accessible. In 2024, NPower advanced its mission by reimagining instruction, strengthening learner support, and developing scalable strategies that connect untapped talent to opportunity.
A major milestone was the launch of the Digital Workforce Development Lab, a dedicated hub for aligning curriculum with labor market needs and learner realities. Developed in collaboration with the Instructional Institute and the Command Shift Coalition, the Lab introduced hybrid and accelerated formats for software development and cybersecurity training. These offerings are designed to expand access for learners who balance work, family, and caregiving responsibilities.
“Everything we do is in response to the evolving needs of our students and the employers who will hire them. Innovation is only meaningful if it leads to opportunity, and we are building every part of our program with that principle in mind.”
ROBERT VAUGHN Executive Director of the Instructional Institute at NPower Training Industry
Nowhere was this more evident than in the New York and New Jersey Metro Area, where NPower launched the Path2TECH: Networking and Systems Administration program. This 26-week evening program provides rigorous instruction in networking, systems administration, cloud technologies, and generative AI while preparing students for industry certifications such as CompTIA Network+, Linux+, and Microsoft Azure. Graduates move into roles such as Systems Administrator, Network Analyst, and Cloud Operations Specialist, with average starting salaries of $55,000 to $60,000. At the same time, NPower scaled its Community Help Desk, where students and alumni provide hands-on tech support to seniors, small businesses, nonprofits, and households with limited digital access. These initiatives not only deliver real-world skill development for learners but also provide vital services that strengthen local communities.
ADVANCED TRAINING
Bridging the Cyber Talent Gap
NPOWER’S CYBERSECURITY ADVANCED TRAINING PROGRAM
immerses students in real-world scenarios, building skills in threat detection, system hardening, and risk mitigation. Learners gain hands-on experience that mirrors the pressures of today’s security landscape while also earning industry-recognized credentials. Employers benefit from a stronger, more capable pipeline of professionals who bring not only technical acumen but also persistence, creativity, and leadership. With over half a million cybersecurity jobs available in the United States alone, the demand for trained professionals has never been more critical. NPower graduates enter the workforce ready to safeguard critical systems, respond to evolving threats, and contribute immediately in environments that demand both technical expertise and adaptability.
Cyber Success: Read
About How NPower is Addressing the Cyber Talent Gap
VETERANS AND MILITARY-CONNECTED:
Expanding Access, Elevating Futures
AT NPOWER, we continue to believe that the transition from military to civilian life is not the end of service. It is the beginning of a new opportunity. In 2024, our programs for veterans, transitioning service members, and military spouses continued to expand and create real economic mobility through world-class training and high-demand tech skills.
Our programs continue to respond to these challenges with a focused and practical approach for veterans and military-connected individuals. Whether someone has served in a combat role or supported operations behind the scenes, we help translate their service experience into civilian success. For military spouses, who often face unique challenges including frequent moves and limited access to reskilling opportunities, NPower offers flexible learning formats that support career advancement without sacrificing family stability.
“We see an abundance of leadership, situational awareness, and agile problem-solving in militaryconnected individuals. Those are exactly the qualities employers are looking for, and we help translate them into thriving tech careers.”
BERTINA CECCARELLI NPower CEO
The expansion of the SkillBridge Cybersecurity program marked a major milestone, made possible through a one-million-dollar grant from the Northrop Grumman Foundation. With new hubs planned in Southern California, NPower is on track to double the number of active-duty service members served while also increasing opportunities for veterans and spouses. In 2024, the program’s certification success rate remained above 95 percent, with the majority of graduates securing employment within six months of completion. Behind these outcomes are individual success stories, such as Juan Cruz, a Navy veteran who transitioned from loading aircraft to launching a fastgrowing career in cybersecurity.
Watch NPower SkillBridge Alumnus Juan Cruz Share His Remarkable Transition
YOUNG ADULT CAREER PATHWAYS
Equipping the Next Generation for a Rapidly Evolving Tech Landscape
IN 2024, technology continued to evolve at a breakneck pace across all industries, driven by the widespread integration of artificial intelligence, machine learning, and emerging fields like spatial and quantum computing. While this created exciting new pathways for innovation and career advancement, it also introduced uncertainty and disruption, particularly for young adults navigating early career decisions. NPower remained a trusted guide through this complex landscape, helping students build the skills, confidence, and connections needed to thrive in a rapidly shifting job market.
The results speak for themselves. Across all regions, NPower is helping young adults to turn ambition into action, regardless of background or circumstance. More than numbers, these are stories of transformation that show the possibilities of first jobs in tech, families supported through growing careers, and confidence built in communities too often left behind. By scaling our impact and building seamless pathways, we are helping the next generation of tech talent thrive.
These outcomes reflect not only the high demand for tech talent but also the transformative potential of our training programs in accelerating economic mobility.
Young Adults
1,685 total served
from the previous year
1,346 total graduated
145% Average starting salary increased Entered the program unemployed
$44,442 $17,928 pre-program salary for the 51% of students employed at the time of enrollment. starting salary after program
PATH2TECH:
A New Pathway into App Development
IN MARCH 2024, NPower launched Path2TECH: App Development, a 20-week intensive designed to prepare women from nontraditional and low-income backgrounds for careers in one of tech’s fastest-growing fields. The program equips students with hands-on skills in HTML, CSS, JavaScript, and Python, along with experience in Agile practices, GitHub, and collaborative project development. Participants also receive career readiness training and build professional portfolios to showcase their work.
The inaugural cohort of 53 women from Atlanta, Dallas, Washington, D.C., and New York demonstrated the power of this new pathway. Graduates celebrated their achievements at a virtual ceremony featuring student and alumni speakers, industry mentors, and partners from leading companies, including Citi, Comcast NBCUniversal, Google, MetLife, Netflix, and Peloton. With starting salaries between $55,000 and $60,000, graduates are stepping into roles such as Systems Administrator, Cloud Operations Specialist, and Network Analyst.
“We believe that if we take that individual who is highly skilled and if we provide them with bridge training and last-mile training, then we can help them transition into technology careers that will be impactful.”
CANDICE
DIXON Executive Director, Command Shift
In October, NPower’s work was further elevated through Adobe’s global skilling initiative, which aims to bring AI literacy, content creation, and digital marketing skills to 30 million learners worldwide. NPower integrated these resources into the Path2Tech curriculum, strengthening training in app development and preparing students for the demands of an evolving workforce. This collaboration reflects a shared commitment to creating opportunity and ensuring emerging talent is equipped to thrive.
APPRENTICESHIP:
A Strategic Talent Pipeline for Tech
IN 2024, NPower deepened its investment in apprenticeships as a proven model to connect motivated graduates with hands-on experience and long-term career acceleration. These programs go beyond placement, offering employers a way to strengthen their teams while creating sustainable pathways for rising talent. Whether entering a first role in IT or transitioning after military service, apprenticeships provide the skills, confidence, and workplace integration needed to thrive.
Companies like Citibank have demonstrated the impact of this approach, achieving a conversion rate of more than 90 percent from apprenticeship to full-time employment in veteran-focused programs. As NPower CEO Bertina Ceccarelli shared in an interview with Bloomberg Radio, “We find that strategies like mentoring or creative employment practices like apprenticeships can be really powerful ideas, particularly when they are tied to a core challenge a company is trying to solve.”
The model has proven equally valuable for small and midsize firms, where investing in apprenticeships helps deepen local talent pipelines and strengthen workplace culture. Looking ahead, NPower will continue to expand apprenticeship partnerships across regions and industries, ensuring more graduates can access meaningful careers and more employers can benefit from a workforce prepared to grow with them.
“NPower has not only changed my life, but has altered the lives of generations to come.”
“I joined the NPower family in 2022, and in just three years, the trajectory of my life has completely changed. What I thought was just another veteran training program turned out to be truly life-changing. With NPower’s preparation and support, I gained the confidence to secure a six-month apprenticeship with Citi in the Archive Engineering department. Since then, I have advanced two pay grades, earned five certifications, and received global recognition for my work in Agile adoption. NPower has not only changed my life but also my family’s future. In 2024, my daughter joined NPower Houston and quickly landed a position at Deloitte, securing her own career path. Today, I am a proud homeowner, thriving in my career at Citi, and a Certified Veteran Small Business owner. Thanks to NPower, I have the stability I once thought was out of reach—and a seat at the table I now share with others who will follow.”
Choice Jackson
CSM-P, SAFe6 SM, MSM
U.S. Air Force Veteran
Engineer Sr. Analyst, Citi NPower Texas Tech Fundamentals, Spring 2022
Apprentice, Citi Archive Engineering, 2023
Listen to NPower CEO Bertina Ceccarelli talk to Bloomberg Businessweek about the power of apprenticeships
NATIONAL PARTNERSHIPS:
Expanding Our Reach, Deepening Our Impact
IN 2024, NPower strengthened its national footprint through transformative partnerships with corporations, foundations, and government agencies. These collaborations allowed us to scale programs, pilot innovations, and reach thousands of learners with free, high-quality training that leads to family-sustaining tech careers.
Highlights include AT&T’s support for training 3,000 young adults in digital skills and Juniper Networks’ threeyear grant powering Tech Fundamentals, Cloud, and Cybersecurity programs alongside critical initiatives like NPowerMATCH and our internship pipeline. Ascendium Education Group generously supported NPower’s app development program and re-engagement efforts for students who paused or left college. Their investment also strengthens outreach to HBCUs and Minority-Serving Institutions, while enhancing alumni services such as mentorship, upskilling, and professional development. Comcast NBCUniversal invested in more than 5,000 students nationwide, while the Northrop Grumman Foundation funded SkillBridge expansion on the West Coast to support veterans and military spouses. Accenture and Citi Foundation advanced app development training and capacity-building, and ServiceNow’s partnership launched the RiseUp micro-certification program for alumni with an 80 percent graduation rate.
Public funding also played a pivotal role. The U.S. Department of Labor awarded NPower an Apprenticeship Building America grant to expand pre-apprenticeship programs and connect more students from underrepresented backgrounds to tech careers. Together with philanthropic leaders like Bank of America, MetLife Foundation, and the Annie E. Casey Foundation, these investments reflect a shared belief that the future of technology depends on opening doors for emerging talent.
Read How the $4 Million U.S. Department of Labor Grant Helps NPower
Expand Reach and Deepen Impact
Bridging Opportunity Through Service VOLUNTEERS
NPOWER’S WORK is powered by the generosity of volunteers who share their skills, time, and encouragement with our students. In 2024, professionals from leading corporations mentored, coached, and inspired learners through resume reviews, mock interviews, technical workshops, and career talks. Their support brings our curriculum to life and gives students the role models and networks that help translate classroom learning into career success.
Citi remains a cornerstone partner, with employees mentoring, leading technical events, and hosting career development sessions across multiple regions. “It is my pleasure to be on this journey helping shape the lives of NPower participants and support the communities they serve,” shared Holli Parrish, Assistant Program Manager for U.S. Volunteers. At AWS, volunteerism is woven into the company culture. Professionals delivered cloudfocused Tech Talks, offered resume feedback, and shared career insights that gave students a window into the industry’s future.
Volunteers from SIM National and the SIM Foundation also contributed their expertise and leadership. Whether in corporate boardrooms or virtual classrooms, the impact was the same: volunteers are more than helpers. They are catalysts, mentors, and trusted allies on the path to economic mobility.
By the Numbers
14,323 volunteer hours
$2,792,985 social value
2,100 unique volunteers
467 events
529 organizations volunteering
Read How Volunteers at NPower Are Creating Meaningful Change
Total liabilities and net assets $529,691 620,952 137,612 716,922 372,736 2,377,913 2,006,521 4,384,434 4,907,479 12,223,698 $17,131,177 $21,515,611 $732,231 412,943 528,719 875,795 152,480 2,702,168 2,969,071 5,671,239 7,577,114 13,889,674 21,466,788 $27,138,027
NPOWER INC. AND AFFILIATE
Consolidated Statement of Activities and Change in Net Assets
Year Ended December 31, 2024
REVENUES, GAINS AND OTHER SUPPORT WITH DONOR RESTRICTIONS
Contributions of cash and other financial assets
Contributions of nonfinancial assets
Special events income, net of $572,419 in direct expenses
Program service fees
Interest income
Net assets released from restrictions
Total revenues, gains and other support
Expenses, Program Services: Training programs
Total program services
Supporting services: Management and general Fundraising
Total supporting services
Total Expenses
Change in net assets before other item
($1,665,976) TOTAL $41,239,210 376,393 1,648,175 1,927,796 41,28245,232,856 40,268,421 40,268,421 5,941,712 3,137,546 9,079,258 49,347,679 ($4,114,823) WITHOUT DONOR RESTRICTIONS
(11,808,238) (1,665,976)
NPOWER INC. AND AFFILIATE
Consolidated Statement of Activities and Change in Net Assets
Year Ended December 31, 2024 WITH DONOR RESTRICTIONS
Change in net assets before other item
Other Items
Foreign currency translation loss
Change in net assets
Net Assets, Beginning
Net Assets, Ending ($2,448,847) (220,788) (2,669,635) 7,577,114 $4,907,479 TOTAL WITHOUT DONOR RESTRICTIONS ($1,665,976)(1,665,976) 13,889,674 $12,223,698 ($4,114,823) (220,788) (4,335,611) 21,466,788 $17,131,177
FINANCIAL NOTE
Generous funding of $15 million in 2022 provided NPower with a unique opportunity to accelerate its expansion. These unrestricted dollars were strategically invested over 2023 and 2024 to scale programs, pilot new innovations, and strengthen student support services. As planned, this investment resulted in operating losses in those years, reflecting the intentional use of resources to drive growth rather than a decline in financial health. Looking ahead, NPower’s liquidity management practices ensure that financial assets are structured to meet obligations as they come due, while positioning the organization for long-term sustainability. This approach allows us to build on the momentum of past investments and continue expanding access to transformative tech careers.
Our Supporters
UNDERWRITERS $750K+
Ascendium Education Group
AT&T
AWS
Comcast
Harris County Texas
Juniper Networks
SPONSORS $250K+
Accenture, LLP
Adobe Systems Inc
Annie E Casey Foundation
Bank of America
Breaking Barriers
Broadridge
California Employment Development Department (OYACP)
Cisco Systems, Inc.
Citigroup Technology Inc.
Craig Newmark Fund
Heckscher Foundation for Children
JP Morgan Chase & Co.
Kyndryl
Lockheed Martin
PARTNERS $100K+
80|20 Foundation
The Abell Foundation
The Addy Foundation
Ainslie Foundation
MetLife Foundation
Michael & Susan Dell Foundation
Northrop Grumman Corporation
Anonymous
The Harry and Jeanette Weinberg Foundation
Mizuho USA Foundation
Moody Foundation
New York State Dept of Labor (CFA WDI)
Oak Hill Advisors
OKTA, Inc. (2 year 2024/2025)
Pluralsight LLC
Robin Hood
ServiceNow
The Sobrato Family Foundation
Texas Veterans Commission
Texas Workforce Commission
U.S. Department of Labor
USAA
World Wide Technology
Akamai Technologies
Baltimore Civic Fund A Program of Baltimore Office of Information
Technology
Baltimore County Office of Economic and Workforce Development
PARTNERS $100K+
(Continued)
BNY
Bloomberg L.P.
Broadridge
Capital One
City of San Antonio Ready to Work
Consolidated Edison Foundation
Cortex
The Beth & Ravenel Curry Foundation
Dallas College
Dell Technologies
Deloitte
Deutsche Bank
General Motors
Ronald & Cynthia Gula Charitable Fund
Hewlett Packard Company
The Dennis and Judy Jones Family Foundation
The Marion I. & Henry J. Knott Foundation
Mercy Health
Missouri Department of Economic Development
Motorola Solutions Foundation
SUPPORTERS
$50K+
The Achelis & Bodman Foundation
American Idea Foundation
Baltimore Mayor’s Office of Employment Development - WIOA
Bob Woodruff Foundation
CareSource Foundation
Celine, Inc.
Check Point Software Technologies, LTD
City of Dayton
Coppin State University
Globant
NETSCOUT
New Jersey Department of Labor and Workforce Development
New York City - Human Resources Administration
The New York Community Trust
New York State LAO Legislative Discretionary Add-Ons
Palo Alto Networks
The Pinkerton Foundation
S&P Global Inc.
The Sharks Foundation
Steven & Alexandra Cohen Foundation
TaTa Consultancy Services (TCS)
Tiger Foundation
Trellis Foundation
Texas Talent Connection
United Way of Metropolitan Dallas
U.S. Department of Commerce
US Bank Foundation
Workday Foundation
World Wide Technology
Goodie Nation/Google Tech Equity Collective
Hitachi Vantara, LLC
Houston Texans
Humble Bundle
The Johns Hopkins University
Light a Single Candle Foundation
LinkedIn Corporation
Michigan WORKS!
NetApp Inc.
New York City Council
SUPPORTERS $50K+
(Continued)
Nielsen Foundation
The Powell Foundation
The Prudential Foundation
Pure Storage
Rainwater Charitable Foundation
SAP America, Inc.
SHI International Corp.
FRIENDS $20K+
AHEAD
Alamo AFCEA Educational Foundation
Alamo Colleges District
Ally Financial
Amazon Web Services
Andreessen Horowitz Cultural Leadership Fund
Atlas Data Systems
BAE Systems
Baltimore Gas and Electric an Exelon Company
CareFirst Blue Cross/Blue Shield of Maryland, Inc.
CDW
CenterPoint Energy Foundation
Charter Communications Inc.
Cloudflare, Inc.
Cohesity
Comcast - Mid-Atlantic Region
The Dayton Foundation
The deLaski Family Foundation
Dynatrace
Elastic
Fiserv Inc.
Flagstar Foundation
Fortinet, Inc.
Super Micro Computer, Inc.
Teneo Holdings LLC
United Way of Greater St. Louis
VeriSign, Inc.
West Baltimore Renaissance Foundation, Inc.
Zendesk
IBM Indeed, Inc.
Infinidat
Intel Corporation
JobsFirstNYC
Keeley Companies
KPMG
Maryland Department of Housing and Community Development
Maryland Department of Labor - EARN Maryland
Microsoft Corporation
Nutanix Inc
Oracle
Own Company
Paul & Josephine Smiley Fund of the Dayton Foundation
Rubrik
Thomas M., Helen Mckee & John P. Ryan Foundation
Society for Information Management (SIM)
St. Louis Regional Business Council
Texas Mutual Insurance Company
The Thalheimer-Eurich Family Foundation
The Saigh Foundation
William R. Orthwein Jr and Laura Rand Orthwein Foundation, Inc.
Workforce Development Institute
15 Regional Impact Across the Country
IN 2024, NPower’s regional teams advanced the mission of transforming lives and bridging opportunity through strong local partnerships, targeted investments, and innovative programming. From closing the digital divide in Baltimore to expanding apprenticeships in Ohio and scaling cybersecurity training in Texas, each region played a vital role in driving national impact.
California Maryland Michigan
NPower California expanded its reach with a multi-year grant from the Employment Development Department’s Opportunity Young Adult Career Pathway Program, helping young adults access sustainable tech careers. Renewed partnerships with SAP, U.S. Bank Foundation, and the San Jose Sharks Foundation strengthened training delivery, while volunteers provided students with mentorship and career readiness support.
The Knott Foundation awarded NPower Maryland one of its inaugural multi-year grants, supporting Baltimore youth into tech careers. Partnerships with SNAP Education and AWS enhanced access for students receiving food assistance and low-income learners, including new laptops and digital tools to reduce the digital divide.
NPower Michigan advanced Detroit’s Community Tech Hub initiative with Human-I-T, giving residents laptops, internet, and digital literacy support.
Funding from Michigan Works!, GM, and the Rocket Community Fund strengthened training programs, including an Electric Vehicle Jobs Academy curriculum, and expanded employment opportunities for graduates.
Missouri New Jersey
In Missouri, support from the Chamber of Commerce apprenticeship grant and the St. Louis Development Corporation enabled more students to access handson learning. The launch of a Community Help Desk in recreation centers gave residents vital digital support while offering students real-world experience.
Generous funding from the Department of Labor and Workforce Development and support from the Ainslie and Prudential Foundations allowed more students in Newark to prepare for apprenticeships and full-time tech roles. These investments helped veterans and young adults gain both technical and professional skills to thrive.
New
York North Carolina
NPower New York served more than 200 students in 2024 with support from the Heckscher Foundation, Robin Hood Foundation, Cohen Foundation, BNY, Achelis and Bodman Foundation, and Tiger Foundation. With Mizuho USA Foundation as the Founding Partner, the Path2Tech: Networking and Systems Administration program launched, while Con Edison expanded apprenticeships for advanced cybersecurity students. Ongoing support from New York State and City ensured continued access to economic mobility across the Metro region.
In North Carolina, over 100 students graduated from Tech Fundamentals in 2024. Support from Advance Auto Parts Foundation and TD Bank Charitable Foundation provided training and professional development, fueling the region’s growing role in building a skilled workforce.
Ohio Texas
Ohio saw transformative growth in 2024. The CareSource Foundation funded the Fall Tech Fundamentals cohort and supported internships, while the City of Dayton and Premier Health Partners created new employment pathways. Articulation agreements with Sinclair Community College and Wilberforce University expanded access to higher education. As part of the $95 million onMain Hub in Dayton, NPower is shaping the state’s digital workforce for industries like aviation and defense.
NPower Texas served nearly 500 students across the state with renewed support from the Addy Foundation, Motorola Solutions Foundation, and Rainwater Charitable Foundation, as well as new investments from the Moody Foundation, Trellis Foundation, JPMorgan Chase, and the 80|20 Foundation. Harris County provided generous support to sustain programming, while USAA and Dallas College deepened commitments to training and apprenticeships.
Skillbridge
NPower’s SkillBridge program supported 224 transitioning service members in 2024, with more than 86 percent securing new careers in cybersecurity at starting salaries of about $90,000. Backed by PwC, Lockheed Martin, Newmark Philanthropies, Okta, S&P Global, the Weinberg Foundation, the Cohen Foundation, and a generous grant from Northrop Grumman, NPower will expand to the West Coast, extending services to bases across the Pacific region.
A Night of Inspiration, Connection, and Possibility
ON OCTOBER 29, 2024, more than 700 supporters gathered at Cipriani’s in New York City for NPower’s annual Gala. The evening was a celebration of lives transformed and opportunities created through our mission, raising more than $1.9 million to advance tech training and career pathways for untapped talent.
The program featured a fireside chat with Antonio Neri, President and CEO of Hewlett Packard Enterprise, who shared his perspective on innovation, hiring for potential, and the importance of investing in emerging talent. “Through partnerships with organizations like NPower, we aim to equip high-potential talent with essential tech skills, empowering them to thrive in an increasingly digital world,” Neri said. His remarks reinforced HPE’s ongoing commitment to building a stronger and more inclusive tech workforce.
The audience was also inspired by Alumni Speaker Landen Manuel, who credited NPower’s Tech Fundamentals and Cybersecurity programs with helping him secure his first internship and launch a career in technology. His story reflected the theme of the evening: the power of opportunity matched with preparation. The Gala was made possible by generous sponsors, including World Wide Technology, Accenture, Dell Technologies, Hewlett Packard Enterprise, Bank of America, Cisco, Fortinet, Hitachi Vantara, NetApp, Pure Storage, SHI, and Supermicro, along with the dedication of the Gala Committee and NPower’s Board of Directors
To relive the moments and highlights from the night, visit the 2024 Gala Recap for photos, videos, and more.
Watch Antonio Neri, President and CEO of Hewlett Packard Enterprise, Share
His Journey from Call Center to the C-Suite in an Inspiring Fireside Chat
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