Overview
What is First Generation College Bound Inc?
First Generation College Bound Inc, based in Laurel, Maryland, is a dedicated nonprofit organization with a mission to empower low-income and first-generation students. Their College Access program supports high school seniors, juniors, and sophomores, assisting 183 seniors, 109 juniors, and 45 sophomores annually. Their achievements include helping 155 seniors secure college placements, with 66% enrolling in four-year colleges and 37% in two-year institutions. In 2022, a total of $2,258,137 in funding was awarded to FGCB students, including grants and institutional aid. FGCB takes pride in recognizing its graduates, celebrating 25 associates degree earners, 63 bachelor's degree recipients, and 7 master's degree holders. They also offer college retention services to over 1,400 students. This year, an additional college access site was added (High Point High School) and an extra coach was hired. FGCB's college affordability presentations and trainings have been shared with other college access organizations, and they've provided assistance to PGCPS schools with FAFSA/MSFAA completion. In surveys, 100% of seniors appreciated the college affordability and financial assistance guidance, expressing that they received necessary preparation for college entry.
Official website here: www.fgcb.org
Is First Generation College Bound Inc legitimate?
First Generation College Bound Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Generation College Bound Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $74,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,891
For more financial information, click here
Official website here: www.fgcb.org
What is the mission statement of First Generation College Bound Inc?
First Generation College Bound Inc's mission is centered around inspiring low-income and first-generation youth to attain their social and economic success. They accomplish this by offering guidance, motivation, and support to help these individuals pursue a college degree. The organization's College Access program served 183 high school seniors, 109 juniors, and 45 sophomores in 2022. Notable achievements include 155 students successfully transitioning to college, with 66% committing to four-year institutions and 37% opting for two-year programs. In total, $2,258,137 was secured for FGCB students to finance their college education in 2022. The organization also recognized 25 associates degree holders, 63 bachelor's degree recipients, and 7 graduate degree earners. FGCB continued to provide college affordability presentations and trainings to other college access organizations, as well as offering assistance to 1,400 college students through its volunteer college retention committee.
Official website here: www.fgcb.org
Who is the CEO of First Generation College Bound Inc?
Joseph Fisher is the Ceo of First Generation College Bound Inc. The CEO's salary of First Generation College Bound Inc is $72,115 and their total compensation is $72,702.
Official website here: www.fgcb.org
What is the revenue of First Generation College Bound Inc?
First Generation College Bound Inc's revenue in 2022 was $1,307,851.
Official website here: www.fgcb.org
Who are the executives of First Generation College Bound Inc and what are their salaries?
The average compensation at First Generation College Bound Inc during 2022 was $34,782. There are 16 employees and 33 volunteers at First Generation College Bound Inc.
Here are 11 key members and their salaries (First Generation College Bound Inc's CEO's salary is $72,115 and their total compensation is $72,702):
- Joseph Fisher (Ceo) [Trustee/Director]
- Gavin Brown (Board Chair) [Trustee/Director]
- Michael Wood (Secretary) [Trustee/Director]
- Florence Akadje (Director)
- Anil Kochhar (Director)
- Raymond Farmer (Director)
- H Walt Townshend Iii (Director)
- Janice Breslin-Doyle (Director)
- Robb Cecil (Director)
- Rena Ross (Director)
- Benee Edwards (Director)
Official website here: www.fgcb.org
Where can I find the form 990 for First Generation College Bound Inc?
The First Generation College Bound Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fgcb.org
Learn more at the official website: www.fgcb.org
Mission Statement of First Generation College Bound Inc
First Generation College Bound, Inc., is a dedicated organization that strives to motivate and support low-income and first-generation youth in their pursuit of higher education. Its mission is to inspire these young individuals to achieve both social and economic success. By providing advice, encouragement, and assistance, the organization aims to help these youth attain a college degree.
The primary objective of First Generation College Bound, Inc., is to empower these students to overcome the challenges associated with being the first in their families to go to college. It achieves this by offering a range of services, including advice on college applications, assistance with financial aid, and encouragement throughout their academic journey. The organization's efforts have been fruitful, as evidenced by the high number of students who have successfully matriculated to college each year.
In particular, during the 2022 academic year, 155 high school seniors from the organization were accepted into colleges. Of these, 66% decided to attend four-year institutions, with 37% opting for two-year colleges. The organization also played a significant role in securing financial aid for its students, with a total of $2,258,137 awarded to them in 2022. This included funding from the state of Georgia, federal grants, and institutional financial aid.
Furthermore, First Generation College Bound, Inc., recognizes and celebrates the achievements of its graduates. In the 2022 academic year, it celebrated 25 associates degree holders, 63 bachelor's degree holders, and 7 graduate degree holders. The organization also provides college retention services to over 1,400 college students, aiming to support them throughout their academic journey.
In summary, First Generation College Bound, Inc., is a nonprofit organization that is committed to inspiring and supporting low-income and first-generation youth in their pursuit of higher education. It does this by providing advice, encouragement, and assistance, and has seen significant success in helping its students gain acceptance into colleges and secure financial aid. The organization's efforts extend beyond graduation, with college retention services and celebrations of its graduates' achievements.
Impact
This information is meant to be a general summary of First Generation College Bound Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
First Generation College Bound Inc's impact can be seen in the inspiring achievements of low-income and first-generation youth. Through their College Access program, they have successfully supported numerous students in their journey towards higher education. In 2022 alone, FGCB assisted 183 seniors, 109 juniors, and 45 sophomores, with 155 high school seniors matriculating to college. The organization's efforts resulted in $2,258,137 awarded to their students, including various forms of financial aid.
Moreover, FGCB has played a crucial role in recognizing and celebrating the academic accomplishments of their students, with 25 college graduates earning an associate degree, 63 students obtaining a bachelor's degree, and 7 students attaining a graduate degree. Additionally, their college retention services have benefitted over 1,400 college students, ensuring continued support and guidance post-graduation.
By expanding their reach to include additional schools and hiring more staff, FGCB has been able to enhance their impact and provide critical resources to a wider population of students. Through their comprehensive approach, FGCB has not only empowered students to pursue higher education but has also equipped them with the necessary knowledge and support to succeed.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Application fees
Revenue
$2,025
Consulting
Revenue
$10,940
Organization Details
Founding Year
1991
Phone
(301) 490-0911
Principal Officer
Joseph Fisher
Main Address
8101 Sandy Spring Road, Laurel, MD, 20707
Website
www.fgcb.org
NTEE Category
Code: B99Z - Education
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