Firstgen Scholarships
- Assets
- $101.0k
- Revenue
- $52.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Wimberley, TX
- Founding
- 09/2012
- Data as of
- 06/2023
- EIN
- 45-5494000
Organization Overview
Firstgen Scholarships is located in Wimberley, TX. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firstgen Scholarships is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Firstgen Scholarships generated $52.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $20.7k during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Firstgen Scholarships has awarded 62 individual grants totaling $212,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS TO COLLEGES - TOTAL RECIPIENTS (TO DATE) 31. GRANTS ARE PAID OVER FOUR ANNUAL INSTALLMENTS FOR A MAXIMUM TOTAL OF $10,000 PER STUDENT. GRANTS ARE CONTINGENT UPON CONTINUED ATTENDENCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddy Rogers President And Director | 4 | $0 | |
Patricia Rogers Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,500 |
| Interest on Savings | $1,109 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $650 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,978 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $100,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Firstgen Scholarships has awarded $75,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CAMILLA MANRIQUEZ PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,000 |
JAYME MOWERY PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,000 |
MALINDA CAMPBELL PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,000 |
KENZIE ADRIAN PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,000 |
JOSHUA LUDOLF PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,000 |
JACOB FULLER PURPOSE: HIGHER EDUCATION SCHOLARSHIP | $2,000 |