Totals
- Total revenue
- $600,174
- Total expenses
- $506,720
- Contributions and grants received
- $600,174
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $541,304
- Total liabilities, end of year
- $309,847
- Net assets or fund balances, end of year
- $231,457
- Program services expenses (Part IX)
- $284,996
- Management and general expenses
- $187,868
- Fundraising expenses
- $33,856
- Program service expenses (Part III)
- $284,996
Program services were 56.2% 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.
-
1c · Fundraising events
$75,050
-
1f · All other contributions, gifts and grants
$525,124
-
1g · Noncash contributions included above
$37,984
-
8a · Fundraising events: contributions included on line 1c
$75,050
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $121,212 · program services $60,606 · management and general $60,606
-
7 · Other salaries and wages
total $76,634 · program services $76,634
-
10 · Payroll taxes
total $11,936 · program services $8,408 · management and general $3,528
-
11b · Fees: legal
total $11,376 · management and general $11,376
-
11c · Fees: accounting
total $18,524 · management and general $18,524
-
11g · Fees: other
total $33,307 · program services $6,428 · management and general $26,879
-
12 · Advertising and promotion
total $12,083 · program services $95 · management and general $11,988
-
13 · Office expenses
total $13,147 · program services $2,099 · management and general $11,048
-
17 · Travel
total $3,487 · program services $94 · management and general $3,393
-
19 · Conferences, conventions and meetings
total $32,371 · fundraising $32,371
-
23 · Insurance
total $5,551 · management and general $5,551
-
24a · Other expenses: PRO BONO SERVICES RECEIVED
total $28,904 · management and general $28,904
-
24b · Other expenses: STUDENT ACCOUNTS
total $112,400 · program services $112,400
-
24c · Other expenses: TUTOR AND TUTEE TRANSPORT
total $7,179 · program services $7,179
-
24d · Other expenses: TUTOR BACKGROUND CHECKS
total $6,963 · program services $6,963
-
24e · All other expenses
total $11,646 · program services $4,090 · management and general $6,071 · fundraising $1,485
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,402 · end of year $206,078
-
2 · Savings and temporary cash investments
beginning of year $270 · end of year $19,520
-
4 · Accounts receivable
end of year $37,000
-
13 · Investments: program-related
beginning of year $170,366 · end of year $278,706
-
25 · Other liabilities
beginning of year $13,113 · end of year $309,847
-
27 · Net assets without donor restrictions
beginning of year $339,824 · end of year $229,356
-
28 · Net assets with donor restrictions
beginning of year $2,101 · end of year $2,101
Mission and programs · 2024
Mission
FIRST GENERATION INVESTORS (FGI) IS A NON-PROFIT 501(C)3 ORGANIZATION THAT EMPOWERS YOUNG PEOPLE WITH THE KNOWLEDGE AND CONFIDENCE TO BUILD LONG-TERM FINANCIAL SECURITY AND PROSPERITY.
-
FGI PROVIDES AN 8 LESSON COURSE FOR HIGH SCHOOL STUDENTS BY ALIGNING WITH HIGH SCHOOLS AND SCHOOL DISTRICTS. THE PROGRAM IS FACILITATED BY TUTORS AT LOCAL COLLEGES AND UNIVERSITIES OR TEACHERS. STUDENTS WHO COMPLETE THE PROGRAM AND PARTICIPATE IN THE CAPSTONE PROJECT WILL RECEIVE $100 TO INVEST IN A SELECT GROUP OF INVESTMENT FUNDS IDENTIFIED BY FGI. A PARTICIPANTS INVESTMENT IS HELD IN FGIS INVESTMENT ACCOUNT UNTIL SUCH PARTICIPANT SATISFIES THE FOLLOWING CRITERIA (1) SUCH PARTICIPANT HAS GRADUATED HIGH SCHOOL, AND (2) SUCH PARTICIPANT HAS REACHED THE AGE OF 18. ONCE THESE CRITERIA ARE MET, THE CURRENT VALUE OF THEIR INITIAL INVESTMENT, AS REFLECTED IN FGIS INVESTMENT ACCOUNT, SHALL BE TRANSFERRED TO AN INVESTMENT ACCOUNT IN SUCH PARTICIPANTS NAME DESIGNATED IN WRITING BY SUCH PARTICIPANT.
Expenses $284,996
As filed on the 2024 return.
Listed in Part VII
-
Stephanie PressleySTEPHANIE PRESSLEY
EXECUTIVE DIRECTOR
- Total calculated
- $121,212
- From this org
- $121,212
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Alex IngermanALEX INGERMAN
DIRECTOR & TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Dylan IngermanDYLAN INGERMAN
PRESIDENT & CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Cole MattoxCOLE MATTOX
VP CO-CHAIRMAN & SECRETARY
- Total calculated
- $0
- Hours/week
- 6
-
Paul GermainPAUL GERMAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Blake KernenBLAKE KERNEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph KakkisJOSEPH KAKKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349303283
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.