NonprofitsFirst Generation College Bound Inc

Education

First Generation College Bound Inc

LAUREL, MD

Total revenue

$1.8M

Total expenses

$1.5M

Net assets

$2.1M

Grants received

$594K

23 grants

EIN

521720876

Tax year

2023

Mission

FGCB exists to inspire low income and first-generation youth to achieve their social and economic success by providing advice, encouragement, and support to obtain a college degree.

Programs

2 programs

Forty-two students enrolled in Homework Club at the Kimberly Gardens Community. This was an increase of 9 students from the previous year and 12 students over our targeted recruitment goal. This was also our largest group of homework club students yet. FGCB will be increasing the recruitment goal for the next academic year. Students attended weekly homework club help sessions, received monthly counseling from the homework club teacher and coordinator, participated in academic achievement recognition events, a holiday celebration, an end of the year celebration, and several field trips. 94% of students maintained an A Work Habits grade at the beginning of the year, compared to 83% of the students maintaining an A Work Habits grade.

Expenses: $49K

The MD Alliance for College Affordability and Equity program is a coalition of non profit organizations that assist students from low income and marginalized families pursuing the promise of higher education. In fy24, we entered into a contract with a legislative consulting firm tasked with monitoring legislative activity associated with and influencing actions that may be taken with respect to State need-based financial aid programs.

Expenses: $53K

Financials

FY 2023

Revenue

Contributions & grants$1.7M
Program service revenue$2K
Investment income$71K
Other revenue
Total revenue$1.8M

Expenses

Grants paid
Salaries & benefits$889K
Fundraising$134K
Other expenses$656K
Total expenses$1.5M
Total assets$2.5M
Net assets$2.1M

People

14 listed

NameRoleCompensation

Joseph Fisher

CEO

Board

$100K

40 hrs/wk

Gavin Brown

Board Chair

Board

2 hrs/wk

Michael Wood

Secretary

Board

1 hrs/wk

Florence Akadje

Director

Board

1 hrs/wk

Janice Breslin-Doyle

Director

Board

1 hrs/wk

Robb Cecil

Director

Board

1 hrs/wk

Benee Edwards

Director

Board

1 hrs/wk

Raymond Farmer

Director

Board

1 hrs/wk

Brad Frome

Director

Board

1 hrs/wk

Tracey Jamison

Director

Board

1 hrs/wk

Anil Kochhar

Director

Board

1 hrs/wk

Marquise McCoy

Director

Board

1 hrs/wk

Nora McNamara

Director

Board

1 hrs/wk

Doris Reed

Director

Board

1 hrs/wk

Grants received

Showing 23 of 23

FromAmountPurposeYear
$75K
TO SUPPORT GENERAL OPERATIONS OVER TWO YEARS
2024
$45K
TO INCREASE SUPPORT FROM INDIVIDUAL DONORS
2024
$15K
First Generation College Bound provides advice and support to obtain a college degree for low- income students in Prince Georges County MD
2024
$6K
TO SUPPORT REST AND WELLNESS
2024
$75K
TO SUPPORT GENERAL OPERATIONS OVER TWO YEARS
2023
$20K
GENERAL SUPPORT
2023
$75K
TO SUPPORT GENERAL OPERATIONS OVER TWO YEARS
2022
$15K
GENERAL SUPPORT
2022
$50K
TO SUPPORT GENERAL OPERATIONS
2020
$50K
TO SUPPORT THE GENERAL OPERATIONS OF THIS ORGANIZATION, WHICH PROVIDES GUIDANCE AND PREPARATION FOR HIGH SCHOOL STUDENTS WHO ARE NAVIGATING THE COLLEGE ADMISSIONS PROCESS
2020
$35K
SUPPORT ADVISEMENT TO LOW-INCOME FIRST GENERATION HIGH SCHOOL SENIORS.
2020
$25K
FUND INITIATIVES
2020
$3K
NEILOM SOCIAL IMPACT INTERNS PROGRAM
2020
$13K
FUND INITIATIVES
2019
$13K
FUND INITIATIVES
2018
$500
VOLUNTEER TEAM-BUILDERS & DRIVES
2018
$13K
General Support building
2017

Funded by

$594K from 12 funders · 23 grants · 2017–2024

Eugene & Agnes E Meyer Foundation

$326K · 6 grants · 2020–2024

Youth Invest Partners Inc

$50K · 3 grants · 2018–2020

The Harry And Jeanette Weinberg

$50K · 1 grant · 2020

The Gary & Carol Berman Family

$36K · 3 grants · 2018–2021

If Foundation

$35K · 2 grants · 2022–2023

Jack Kent Cooke Foundation

$35K · 1 grant · 2020

American Online Giving Foundation Inc

$20K · 2 grants · 2023–2024

Impact100 Dc

$15K · 1 grant · 2024

Details

EIN521720876
NTEE codeB99Z
Subsection03
Ruling date1991-08
Formed1991
Employees15
Volunteers40
FIRST GENERATION COLLEGE BOUND INC — Mission, Financials & Grants Received | Grantivo