1st-Gen Scholars
- Assets
- $16.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 10/2019
- Data as of
- 05/2024
- EIN
- 83-4625626
Organization Overview
1st-Gen Scholars is located in Spring, TX. The organization was established in 2019. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. 1st-Gen Scholars 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 05/2024, 1st-Gen Scholars generated $85.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $82.2k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo J Cruz Sr CEO | 50 | $40,000 | |
Carmen Cruz Director | 50 | $8,165 | |
Amelia Cruz Creative Consultant | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65 |
| Total Program Service Revenue | $21,999 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,731 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,165 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $26,882 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $7,004 |
| Total expenses | $82,217 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,116 |
| Other assets | $0 |
| Total assets | $16,075 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,075 |