From 2000 to 2017, Michael Berookim and Mark Berookim’s companies included 1-on-1 Learning with Laptops (interactive technology based tutoring), The Academic Advantage (small group and 1:1 tutoring), Everly (online market place for on demand, in-home instruction), The Marcole Group (K-12 education management), and Elevate Learning (in-home tutoring). In its beginning stages, their company focused on private tutoring services through parent-pay programs, but after several years the focus shifted towards tutoring contracts that were federally funded by the government to help students from low-performing, low-income school districts. The company has received numerous awards and accolades from educators, school districts and lawmakers for their work with schools around the country. Please click here to read testimonials about Michael Berookim. Since its genesis, Michael’s companies have serviced over 170,000 students and hired over 35,000 tutors.
With President Obama ending No Child Left Behind, government funding ended for all tutoring companies nationwide in 2016. Michael Berookim was then eager to do something new in the world of finance. He promptly started High Rise Financial, a company that gives plaintiffs who are involved in lawsuits or personal injury cases access to money prior to the case being settled. Clients are then able to use the money given to them to pay for day to day living expenses and to relieve financial burdens while their attorney seeks the best possible settlement. As featured in Yahoo!, High Rise Financial recently closed on a large senior secured debt transaction.
Michael believes giving back is the right thing to do. Michael Berookim was on the board of directors of the Magbit Foundation for four years. Magbit Foundation, a 501c3 nonprofit organization based in Los Angeles, was created in 1990 and gives interest free loans to underprivileged students who have a desire to attend college. They have a unique interest free concept that has helped over 13,000 students attend universities. Michael also served on the “Committee of 18”, which is a group of business entrepreneurs and leading entertainment individuals who have donated funds to help the Maccabiah World Games, essentially the Jewish Olympics. It is the third largest sporting gathering in the world. In addition to volunteer work, Michael and his companies have donated funds to help non-profit organizations and public education organizations such as LA’s BEST After School Enrichment programs, The Neuromuscular Disease Foundation, Los Angeles Unified School District’s Beyond the Bell program, Youth Policy Institute, WISH Charter School, and more.