First Generation College Bound INC

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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.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1720876) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 30 volunteers and 17 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $260K a year · 16% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
13.1 mo
of spending, in cash
13.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $175K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$348K
15% of total assets
Liabilities are 15% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.6M
-9% vs prior year
Spent
$1.8M
To programs
77%
Net assets
$2.0M
By yearFY2021–FY2025
Revenue
$1.6M
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$1.9M
FY2024$1.8M
FY2025$1.6M
Expenses
$1.8M
FY2025▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$992K
FY2022$1.1M
FY2023$1.3M
FY2024$1.5M
FY2025$1.8M
Net assets
$2.0M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$983K
FY2022$1.2M
FY2023$1.9M
FY2024$2.1M
FY2025$2.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.4M Management & general 12% · $207K Fundraising 11% · $191K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $110K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$110,000Pt VII · Sec A
Acting Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joseph Fisher’s $110K as CEO is at the 39th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Joseph Fisher$110,000$100,000$80,288$72,115$64,682

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See First Generation College Bound INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income, first-generation youth get college degrees through advice and support.

Questions for First Generation College Bound INC

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3 programs · $1.4M · in their own filed words · FY2024
01

FGCBs signature College Access Program focuses on identifying best-fit and affordable based on each students academic profile and their familys financial profile. During the 2024-2025 academic year, college access services were provided to 247 seniors 197 juniors, and 134 sophomores.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1720876) · Dispute this line
$1.3Mprogram expense
02

The MD Alliance for College Affordability and Equity component is a coalition of nonprofit organizations throughout Maryland that works to identify barriers and advocate for changes to address these barriers to State policymakers and agencies.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1720876) · Dispute this line
$58Kprogram expense
03

Fifty-four students enrolled in Homework Club at the Kimberly Gardens Community. This was an increase of 12 students from the previous year and 14 students over our targeted recruitement goal. This was also our largest group of homework club students to date.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1720876) · Dispute this line
$55Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$67K
Fees for servicesLn 2g$10K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$207K
Fundraisingcol D$191K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$2.3M
LiabilitiesLn 26$348K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$10K
Investment incomeLn 3$67K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.9M
Pledges and grants receivableLn 3$241K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$171K
Total assetsLn 16$2.3M
LiabilitiesLn 26$348K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 517
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.9M$1.9M
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$2.5M$2.3M
LiabilitiesLn 26$382K$348K
Net assetsLn 32$2.1M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$110K$76K$20K$14K
Other salaries and wagesLn 7$813K$747K$38K$28K
Pension plan contributionsLn 8$19K$13K$3K$3K
Other employee benefitsLn 9$37K$26K$7K$5K
Payroll taxesLn 10$69K$47K$12K$9K
Management feesLn 11a$208K$59K$54K$95K
Accounting feesLn 11c$84K$58K$15K$11K
Other fees for servicesLn 11g$109K$109K$0$0
Office expensesLn 13$77K$46K$20K$11K
Information technologyLn 14$69K$58K$6K$5K
OccupancyLn 16$88K$62K$16K$10K
TravelLn 17$42K$39K$3K$0
Conferences, conventions and meetingsLn 19$12K$6K$6K$114
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$8K$6K$1K$1K
Other expenses (24a–d)Ln 24$22K$19K$3K$0
Total functional expensesLn 25$1.8M$1.4M$207K$191K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 6, 2026 $1.6M$1.8M−$127K$2.0M 990 PDF
FY2024Filed with the IRS Feb 12, 2025 $1.8M$1.5M$261K$2.1M 990 PDF
FY2023Filed with the IRS Apr 15, 2024 $1.9M$1.3M$653K$1.9M 990 PDF
FY2022Filed with the IRS Mar 29, 2023 $1.3M$1.1M$230K$1.2M 990 PDF
FY2021Filed with the IRS Feb 27, 2022 $1.3M$992K$283K$983K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,641,070 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,734,125$1,564,039
I-9 Program service revenuePrior year $1,640$10,100
I-10 Investment incomePrior year $71,038$66,931
I-11 Other revenue$0
I-12 Total revenuePrior year $1,806,803$1,641,070
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $889,201$1,048,206
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $656,245$720,224
I-18 Total expensesPrior year $1,545,446$1,768,430
I-19 Revenue less expensesPrior year $261,357−$127,360
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,641,070 across 7 lines filed
VIII-1a Federated campaigns$7,868
VIII-1e Government grants$1,386,598
VIII-1f All other contributions, gifts and grants$169,573
VIII-1h Total contributions, gifts and grants$1,564,039
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$10,100
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $66,931$66,931
VIII-12 Total revenueRelated to mission $10,100 · Unrelated business $0 · Excluded from tax $66,931$1,641,070
Part IX · Statement of functional expenses $1,768,430 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $75,900 · Management $19,800 · Fundraising $14,300$110,000
IX-7 Other salaries and wagesPrograms $746,694 · Management $38,442 · Fundraising $27,764$812,900
IX-8 Pension plan contributionsPrograms $13,344 · Management $3,481 · Fundraising $2,514$19,339
IX-9 Other employee benefitsPrograms $25,749 · Management $6,717 · Fundraising $4,851$37,317
IX-10 Payroll taxesPrograms $47,313 · Management $12,423 · Fundraising $8,914$68,650
IX-11a Management feesPrograms $59,325 · Management $54,268 · Fundraising $94,588$208,181
IX-11c Accounting feesPrograms $57,672 · Management $15,045 · Fundraising $10,866$83,583
IX-11g Other fees for servicesPrograms $109,482 · Management $0 · Fundraising $0$109,482
IX-13 Office expensesPrograms $45,847 · Management $19,525 · Fundraising $11,242$76,614
IX-14 Information technologyPrograms $58,020 · Management $6,085 · Fundraising $4,801$68,906
IX-16 OccupancyPrograms $61,928 · Management $16,245 · Fundraising $9,724$87,897
IX-17 TravelPrograms $38,849 · Management $2,799 · Fundraising $0$41,648
IX-19 Conferences, conventions and meetingsPrograms $5,524 · Management $6,014 · Fundraising $114$11,652
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,543 · Fundraising $0$1,543
IX-23 InsurancePrograms $5,705 · Management $1,488 · Fundraising $1,075$8,268
IX-24 Other expenses (24a–d)Programs $19,077 · Management $3,373 · Fundraising $0$22,450
IX-25 Total functional expensesPrograms $1,370,429 · Management $207,248 · Fundraising $190,753$1,768,430
Part X · Balance sheet $2,348,112 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $179,767$120,013
X-2 Savings and temporary cash investmentsStart of year $1,693,737$1,807,780
X-3 Pledges and grants receivableStart of year $391,630$241,371
X-9 Prepaid expenses and deferred chargesStart of year $1,616$5,139
X-10c Land, buildings and equipment, netStart of year $4,772$3,229
X-15 Other assetsStart of year $238,221$170,580
X-16 Total assetsStart of year $2,509,743$2,348,112
X-17 Accounts payable and accrued expensesStart of year $118,873$149,464
X-25 Other liabilitiesStart of year $263,082$198,220
X-26 Total liabilitiesStart of year $381,955$347,684
X-27 Net assets without donor restrictionsStart of year $2,056,788$1,982,928
X-28 Net assets with donor restrictionsStart of year $71,000$17,500
X-32 Total net assets or fund balancesStart of year $2,127,788$2,000,428
X-33 Total liabilities and net assetsStart of year $2,509,743$2,348,112
Part XI · Reconciliation of net assets $2,000,428 net assets at year end
XI-1 Total revenue$1,641,070
XI-2 Total expenses$1,768,430
XI-3 Revenue less expenses−$127,360
XI-4 Net assets at start of year$2,127,788
XI-10 Net assets at end of year$2,000,428

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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