Form 990-EZ for tax year 2024
Filed by FIRST GENERATION SCHOLARSHIP FUND.
Totals
- Total revenue
- $69,336
- Total expenses
- $28,944
- Contributions and grants received
- $69,336
- Grants paid
- $27,500
- Program service revenue
- $0
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $0
- Total assets, end of year
- $80,628
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $80,628
- Program service expenses (Part III)
- $1,444
Program services were 5.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
The First Generation Scholarship Fund aims to provide first-generation community college transfer students with expert mentors, life-changing internships, and financial assistance to enable them to earn their bachelor's degree, in two years, debt-free. The Fund began fundraising in 2023 and we are currently supporting three Scholars in their junior year for the 2024 - 2025 academic year. We are also in the process of selecting the next cadre of three additional scholars for the 2025 - 2026 - 2027 academic terms.
-
We are now supporting our first class of three Scholars at CalStateLA, and we have provided support for their Fall and Spring semesters, allowing them to pursue their BA degree without any loans or work-study unrelated to their majors. We are also placing each of the students in summer internships related to their academic majors.
Expenses $1,444 · Grants $27,500
As filed on the 2024 return.
Listed in Part IV
-
Jamil Momand
President
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Fuhrman
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Susan Kane
Vice-President
- Total calculated
- $0
- Hours/week
- 1
-
Renee Madyun
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Sharp
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mary Anne Clare Pace
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey Silverman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shabnam Sheikh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Guillermo Zuniga
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2024
- Filed
- 20 February 2025
- IRS schema version
- 2024v5.0
- Source object
- 202500519349201650
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