First Graduate
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 15
- Location
- San Francisco, CA
- Founding
- 10/2001
- Data as of
- 06/2023
- EIN
- 94-3381171
Organization Overview
First Graduate is located in San Francisco, CA. The organization was established in 2001. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, First Graduate employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Graduate 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, First Graduate generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
GENERAL PROGRAM
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Forman Executive Director | Officer | 40 | $140,050 |
Danesha Mead Immediate Past President | OfficerTrustee | 4 | $0 |
Ryan Baum Board President | OfficerTrustee | 4 | $0 |
Hanish Rathod Finance Chair | OfficerTrustee | 4 | $0 |
John A Spensieri Development Chair | OfficerTrustee | 4 | $0 |
Daniel Curme Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,771 |
| Related organizations | $0 |
| Government grants | $48,398 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,623,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,769,383 |
| Total Program Service Revenue | $0 |
| Investment income | $11,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$136 |
| Net Income from Fundraising Events | -$31,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,748,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $156,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,050 |
| Compensation of current officers, directors, key employees. | $17,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $854,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,101 |
| Payroll taxes | $80,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,972 |
| Advertising and promotion | $48,918 |
| Office expenses | $92,533 |
| Information technology | $40,941 |
| Royalties | $0 |
| Occupancy | $97,406 |
| Travel | $4,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,266 |
| Insurance | $12,574 |
| All other expenses | $0 |
| Total functional expenses | $1,918,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $477,715 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,564 |
| Net Land, buildings, and equipment | $3,502 |
| Investments—publicly traded securities | $754,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,954 |
| Total assets | $1,884,064 |
| Accounts payable and accrued expenses | $96,188 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,352 |
| Total liabilities | $162,540 |
| Net assets without donor restrictions | $989,955 |
| Net assets with donor restrictions | $731,569 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,884,064 |