Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
64 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990; $140K paid to officers and key staff.
Terri Forman’s $165K as Secretary and CEO is at the 74th percentile of top reported officer pay among 1552 $1–10M youth development 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Terri Forman | $164,700 | $158,800 | $140,050 | $126,300 | $127,500 | $114,956 |
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.
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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 first-generation students graduate college and find fulfilling careers.
Questions for First Graduate
Your first name shows with your question. First Graduate answers here, for everyone.
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College
We ensure that students enroll in college, complete all financial aid and scholarship forms, coach and guide them throughout their college years, help them find scholarships and internships, and graduate within six years of enrolling in college.
High School
We continue helping first generation students become competitive college candidates with tutoring, social and emotional support, career exposure, networking, summer internships, applying to high school, sat and act test preparation, college visits, college applications, scholarship application, parent support during the process…
Middle School
We recruit students in 6TH grade and provide them with academic tutoring, career exposure, and other support needed to enable them to transition to high school and begin their path toward becoming first-generation college graduates.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
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| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $561K |
| InvestmentsLn 11–13 | $754K | |
| Land, buildings, equipmentLn 10c | $7K | $4K |
| Total assetsLn 16 | $2.0M | $1.9M |
| LiabilitiesLn 26 | $82K | $163K |
| Net assetsLn 32 | $1.9M | $1.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $157K | $157K | ||
| Pay of current officers, directors and key staffLn 5 | $140K | $98K | $18K | $24K |
| Other salaries and wagesLn 7 | $854K | $599K | $109K | $147K |
| Other employee benefitsLn 9 | $120K | $94K | $6K | $20K |
| Payroll taxesLn 10 | $80K | $57K | $10K | $13K |
| Accounting feesLn 11c | $68K | $68K | ||
| Other fees for servicesLn 11g | $88K | $11K | $7K | $69K |
| Advertising and promotionLn 12 | $49K | $10K | $459 | $39K |
| Office expensesLn 13 | $93K | $8K | $65K | $20K |
| Information technologyLn 14 | $41K | $28K | $10K | $4K |
| OccupancyLn 16 | $97K | $75K | $12K | $10K |
| TravelLn 17 | $4K | $2K | $1K | $1K |
| Depreciation, depletion and amortizationLn 22 | $5K | $4K | $503 | $558 |
| InsuranceLn 23 | $13K | $13K | ||
| Other expenses (24a–d)Ln 24 | $109K | $85K | $9K | $15K |
| Total functional expensesLn 25 | $1.9M | $1.2M | $329K | $363K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.3M | $2.1M | $199K | $1.8M | 990 PDF |
| FY2024 | $1.9M | $2.0M | −$122K | $1.6M | 990 PDF |
| FY2023 Viewing | $1.7M | $1.9M | −$170K | $1.7M | 990 PDF |
| FY2022 | $2.0M | $1.6M | $404K | $1.9M | 990 PDF |
| FY2021 | $1.8M | $1.3M | $486K | $1.5M | 990 PDF |
| FY2020 | $1.6M | $1.3M | $281K | $1.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,748,727 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, no flags
Part VIII · Statement of revenue $1,748,727 across 13 lines filed
Part IX · Statement of functional expenses $1,918,527 across 15 lines filed
Part X · Balance sheet $1,884,064 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,721,524 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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