Program areas at First Generation Investors
In 2022, First Generation Investors hired two full-time staff members, transitioning from being a volunteer-led organization to a staff-run organization. Under staff leadership, the program has strategically shifted from aligning with colleges to aligning with high schools to impact further. First Generation Investors has created formal alignments with several school districts and high school-based organizations, increasing program access to thousands of students. Since college students and their mentorship are a part of the organization's ethos, fgi will continue activating the program through the support of volunteer college tutors.
Fgi provides an 8-week course for underrepresented students by aligningwith high schools and activating through tutors at local colleges anduniversities. Every student who completes the program and submits thecapstone project receives $100 to invest.
Who funds First Generation Investors
Grants from foundations and other nonprofits
Personnel at First Generation Investors
| Name | Title | Compensation | Date of data |
|---|
| Stephanie Pressley | Executive Director | $87,365 | 2022-12-31 |
| Joseph Kakkis | Treasurer | $0 | 2023-10-19 |
| Blake Kernan | Secretary | $0 | 2022-12-31 |
| Dylan Ingerman | Chairman | $0 | 2022-12-31 |
Financials for First Generation Investors
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $192,739 | $222,043 | -13.2% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $1,109 | $270 | 310.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $12,607 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $206,455 | $222,313 | -7.1% |
Organizations like First Generation Investors
| Organization | Type | Location | Revenue |
|---|
| Brides Across America Inc Heidi Janson | 501(c)(3) | Andover, MA | $280,609 |
| Dor-Tran | 501(c)(3) | Sturgeon Bay, WI | $214,006 |
| Sent Ones | 501(c)(3) | Harrisburg, PA | $148,777 |
| Reachout of St Lawrence County | 501(c)(3) | Potsdam, NY | $409,183 |
| Operation Comfort | 501(c)(3) | San Antonio, TX | $200,732 |
| Ethiopian Community Services and Development Council | 501(c)(3) | Washington, DC | $605,840 |
| Institute for Shelter Care | 501(c)(3) | Louisville, KY | $661,424 |
| Natural Resources | 501(c)(3) | San Francisco, CA | $619,391 |
| Suited for Change | 501(c)(3) | Washington, DC | $495,061 |
| Wabanaki Womens Coalition | 501(c)(3) | Orono, ME | $323,465 |
Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Civic / social organizationsHuman service organizationsFamily service centersCharities
Issues
Human services
Characteristics
National levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
- Address
- 48 Wall St 1100
- New York, NY 10005
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- New York County, NY
- Website URL
- firstgenerationinvestors.com/Â
- Phone
- (646) 259-3243
IRS details
- EIN
- 84-3859483
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2019
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- P50: Personal Social Services
- NAICS code, primary
- 813410: Civic and Social Organizations
- Parent/child status
- Independent
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