First Generation Scholarship Fund EIN 92-1403791 Form 990 (PDF) Claim this org

First Generation Scholarship Fund

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Supports first-generation college students with mentorship, internships, and financial aid for debt-free bachelor's degrees. For fiscal year 2025 it reported $199K in revenue, $81K in expenses, and $199K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Pasadena, CA
Website
firstgenscholarship.org
Filings
3 on file (2023–2025)
Revenue
$199KFY2025
Expenses
$81K
Net assets
$199K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  92-1403791 Public charity (501(c)(3)) Pasadena, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports first-generation college students with mentorship, internships, and financial aid for debt-free bachelor's degrees.
Leadership
Jamil Momand · President
Money in and out
$199K revenue, $81K expenses
Bottom line
84% program efficiency
Where the money goes · FY2025
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$199K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $119K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
29.7mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+60%
revenue over expenses, this year▲ +2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$199K
FY2025▲ +187%
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$199K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$119K
Total assetsPt X · Ln 16$199K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $68K of program spending, described in the organization's own filed words · FY2025.
01

Our first class of three Scholars at CalStateLA are approaching graduation, and we are supporting a second cadre of Scholars who are completing their junior year, either at CalStateLA or at CalState Northridge. These Scholars are able to pursue their BA degree without any loans or work-study unrelated to their majors.

$68Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFirst Generation Scholarship Fund
EINHdr · item D92-1403791
Principal addressHdr · item CPasadena, CA
WebsiteHdr · item Jfirstgenscholarship.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJan 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$198K · 99%
Investment income$1K · 1%
Contributions & grants99%$198K
Investment income1%$1K
Total revenueLn 12$199K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$68K
Management & general16%$13K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$199K
Total assetsLn 16$199K
Total liabilitiesLn 26$0
Total net assetsLn 32$199K
Months of cash on handcomputed29.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $199K · Operating expenses/yr $81K
29.7 months
Where the money goes
Program services
Program services $68K · Total expenses $81K
84%
Management & General
Management & general $13K · Total expenses $81K
16%
Fundraising
Fundraising $0 · Total expenses $81K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $198K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $198K · Total revenue $199K
99%
Government reliance
Government grants $0 · Total revenue $199K
0%
Earned-income share
Program service revenue $0 · Total revenue $199K
0%
Investment reliance
Investment income $1K · Total revenue $199K
+0.7%
Program self-sufficiency
Program service revenue $0 · Total expenses $81K
0%
Growth & trend
Revenue growth (YoY)
This year $199K · Prior year $69K
+187%
Net-asset trend (YoY)
End of year $199K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $199K · Expenses $81K
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $199K
Net-asset ratio
Net assets $199K · Total assets $199K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $199K
0%
People & payroll
Highest Reported Total Compensation
Individual Jamil Momand · Reported title President · Highest reported compensation $0 · Total expenses $81K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $81K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 187%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 2 grants · $68K · 2025–2025
California State University Los AngelesFY2025$60,000
California State University NorthridgeFY2025$7,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$199K revenue · viewing · ⤓ 990 PDF
FY2024$69K revenue · ⤓ 990 PDF
FY2023$42K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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