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2013 Faces of Entrepreneurship: iResult, LLC

CAMEO is proud to honor iResult, LLC, one of the winners of this year’s Faces of Entrepreneurship award. An awards ceremony and reception will be held in Sacramento as part of this year’s Annual Meeting.

iResult, LLC – Monterey Bay

Nominated by the California State University at Monterey Bay Small Business Development Center

iresult photo-4snIn 2009, the Monterey Peninsula Unified School District was working to turn the district around, but found themselves hampered by the lack of real-time data. Enter Dawn Verdick and iResult. The company developed software to gauge the impact of district policies and an efficiency model to help fully utilize existing community supports. iResult tracks student engagement, academic progress and college readiness for each student in the district, and connects those results to the community services the student receives, allowing the district to determine which programs and services are most effective.

During its two-year pilot program, iResult helped the MPUSD secure $16 million of much-needed additional funding for Seaside’s Turnaround Schools as part of a School Improvement Grant. The number of high school students applying to college doubled in a single year, and 28% more students passed required high school exit exams.

iResult transitioned to a for-profit Limited Liability Company in 2011, but operates as one of the few for-profit Social Enterprises in the United States, with 50% of their shareholder base made up of local and family foundations. They currently serve over 35 schools and more than 25,000 students, and employ four workers and seven independent contractors. As the company grows, they plan to reduce the number of contractors by hiring directly. iResult launches nationwide in the spring of 2013.