Totals
- Total revenue
- $1,748,727
- Total expenses
- $1,918,527
- Contributions and grants received
- $1,769,383
- Grants paid
- $156,700
- Program service revenue
- $0
- Investment income
- $11,193
- Other revenue
- -$31,849
- Total assets, end of year
- $1,884,064
- Total liabilities, end of year
- $162,540
- Net assets or fund balances, end of year
- $1,721,524
- Program services expenses (Part IX)
- $1,227,330
- Management and general expenses
- $328,635
- Fundraising expenses
- $362,562
- Program service expenses (Part III)
- $1,227,330
Program services were 64.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$97,771
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$48,398
-
1f · All other contributions, gifts and grants
$1,623,214
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $11,329 · related or exempt $0 · unrelated business $0 · excluded $11,329
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $136 · other assets $0
-
7c · Gain or loss
securities -$136 · other assets $0
-
7d · Net gain or loss
total -$136 · related or exempt -$136 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$40,013
-
8a · Fundraising events: contributions included on line 1c
$97,771
-
8b · Fundraising events: direct expenses
$71,937
-
8c · Net income from fundraising events
total -$31,924 · unrelated business $0 · excluded -$31,924
-
11d · All other revenue
total $75 · related or exempt $75 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$75
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $156,700 · program services $156,700
-
5 · Compensation of officers, directors and key employees
total $140,050 · program services $98,183 · management and general $17,820 · fundraising $24,047
-
7 · Other salaries and wages
total $854,425 · program services $599,000 · management and general $108,716 · fundraising $146,709
-
9 · Other employee benefits
total $120,101 · program services $93,923 · management and general $6,081 · fundraising $20,097
-
10 · Payroll taxes
total $80,223 · program services $57,095 · management and general $9,640 · fundraising $13,488
-
11c · Fees: accounting
total $68,142 · management and general $68,142
-
11g · Fees: other
total $87,972 · program services $11,429 · management and general $7,303 · fundraising $69,240
-
12 · Advertising and promotion
total $48,918 · program services $9,875 · management and general $459 · fundraising $38,584
-
13 · Office expenses
total $92,533 · program services $7,912 · management and general $64,842 · fundraising $19,779
-
14 · Information technology
total $40,941 · program services $27,518 · management and general $9,766 · fundraising $3,657
-
16 · Occupancy
total $97,406 · program services $74,676 · management and general $12,446 · fundraising $10,284
-
17 · Travel
total $4,441 · program services $2,211 · management and general $1,018 · fundraising $1,212
-
22 · Depreciation, depletion and amortization
total $5,266 · program services $4,205 · management and general $503 · fundraising $558
-
23 · Insurance
total $12,574 · management and general $12,574
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $28,408 · program services $4,391 · management and general $9,275 · fundraising $14,742
-
24b · Other expenses: STUDENTS' BOOKS, TRAVEL AND MEALS
total $68,233 · program services $68,072 · management and general $50 · fundraising $111
-
24c · Other expenses: OTHER ASSISTANCE TO STUDENTS
total $12,194 · program services $12,140 · management and general $0 · fundraising $54
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,468,403 · end of year $560,895
-
3 · Pledges and grants receivable
beginning of year $477,109 · end of year $477,715
-
9 · Prepaid expenses and deferred charges
beginning of year $15,056 · end of year $21,564
-
10a · Land, buildings and equipment: cost or other basis
$48,853
-
10b · Land, buildings and equipment: accumulated depreciation
$45,351
-
10c · Land, buildings and equipment, net
beginning of year $7,172 · end of year $3,502
-
11 · Investments: publicly traded securities
end of year $754,434
-
15 · Other assets
beginning of year $6,500 · end of year $65,954
-
17 · Accounts payable and accrued expenses
beginning of year $82,301 · end of year $96,188
-
25 · Other liabilities
end of year $66,352
-
27 · Net assets without donor restrictions
beginning of year $961,619 · end of year $989,955
-
28 · Net assets with donor restrictions
beginning of year $930,320 · end of year $731,569
Mission and programs · 2022
Mission
TO HELP STUDENTS BECOME THE FIRST IN THEIR FAMILIES TO GRADUATE FROM COLLEGE READY TO PURSUE A CAREER THAT IS MEANINGFUL TO THEM.
Activities or mission (Part I)
WE ENSURE THAT STUDENTS ENROLL IN COLLEGE, COMPLETE ALL FINANCIAL AID AND SCHOLARSHIP FORMS, COACH AND GUIDE THEM THROUGHOUT THEIR COLLEGE YEARS, HELP THEM FIND SCHOLARSHIPS AND INTERNSHIPS, AND GRADUATE WITHIN SIX YEARS OF ENROLLING IN COLLEGE.
-
COLLEGE - WE ENSURE THAT STUDENTS ENROLL IN COLLEGE, COMPLETE ALL FINANCIAL AID AND SCHOLARSHIP FORMS, COACH AND GUIDE THEM THROUGHOUT THEIR COLLEGE YEARS, HELP THEM FIND SCHOLARSHIPS AND INTERNSHIPS, AND GRADUATE WITHIN SIX YEARS OF ENROLLING IN COLLEGE.
Expenses $424,267 · Grants $155,700
-
HIGH SCHOOL - WE CONTINUE HELPING FIRST GENERATION STUDENTS BECOME COMPETITIVE COLLEGE CANDIDATES WITH TUTORING, SOCIAL AND EMOTIONAL SUPPORT, CAREER EXPOSURE, NETWORKING, SUMMER INTERNSHIPS, APPLYING TO HIGH SCHOOL, SAT AND ACT TEST PREPARATION, COLLEGE VISITS, COLLEGE APPLICATIONS, SCHOLARSHIP APPLICATION, PARENT SUPPORT DURING THE PROCESS, FINANCIAL AID APPLICATIONS, FILING FAFSA, SELECTING COLLEGE, ETC.
Expenses $391,244
-
MIDDLE SCHOOL - WE RECRUIT STUDENTS IN 6TH GRADE AND PROVIDE THEM WITH ACADEMIC TUTORING, CAREER EXPOSURE, AND OTHER SUPPORT NEEDED TO ENABLE THEM TO TRANSITION TO HIGH SCHOOL AND BEGIN THEIR PATH TOWARD BECOMING FIRST-GENERATION COLLEGE GRADUATES.
Expenses $356,907
-
GENERAL PROGRAM
Expenses $54,912 · Grants $1,000
As filed on the 2022 return.
Listed in Part VII
-
Terri FormanTERRI FORMAN
EXECUTIVE DIRECTOR
- Total calculated
- $157,761
- From this org
- $140,050
- From related orgs
- $0
- Other
- $17,711
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,050
- Bonus
- $0
- Other
- $17,711
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $157,761
-
Danesha MeadDANESHA MEAD
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Ryan BaumRYAN BAUM
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Hanish RathodHANISH RATHOD
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
John A SpensieriJOHN A SPENSIERI
DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Daniel CurmeDANIEL CURME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Mark HamiltonMARK HAMILTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Marvell C AllenMARVELL C ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rosemary Arriada KeiperROSEMARY ARRIADA KEIPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Neera BhatNEERA BHAT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gopa DasariGOPA DASARI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Susan KnowlesSUSAN KNOWLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jaime NajarroJAIME NAJARRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tucker SerenbetzTUCKER SERENBETZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stefan ZornSTEFAN ZORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420469349300617
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