Firstgen Forward

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EIN 99-3297663 Unknown exempt organization Washington, DC
Form 990 (PDF)

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Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Firstgen Forward is a nonprofit organization based in Washington, DC, formed in 2024. For fiscal year 2024 it reported $7.7M in revenue, $6.4M in expenses, and $1.1M in net assets.Pt I

Founded
2024
Type
Unknown exempt organization · Nonprofit
Location
Washington, DC
Website
www.firstgenforward.org
Filings
1 on file (2024–2024)
Revenue
$7.7MFY2024
Expenses
$6.4M
Net assets
$1.1M
People
11
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Size
$1–10M
What they do
a nonprofit organization
Leadership
Maurice Jones · CEO, (until 6/30/2025) · $388K
Money in and out
$7.7M revenue, $6.4M expenses
Bottom line
+17% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. National Association of Student Personnel Administrators INC

2 distinct foundation funder(s) on file, $2.0M received in the most recent year with grants. See detail →

How is the money spent?

WARNING

59% to programs

59% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M

Revenue band $1–10M. Not enough years on file for a trend. See detail →

Reported financial activity · FY2024
Total revenue
$7.7M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.3M
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.32 Fundraising $0.09
Surplus margin
+17%
revenue over expenses, this year
Program spending
59%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue less expensesPt I · Ln 19$1.3M
Total assetsPt X · Ln 16$6.3M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFirstgen Forward
EINHdr · item D99-3297663
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.firstgenforward.org
Year of formationHdr · item L2024
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO, (until 6/30/2025)
$388,224Pt VII · Sec A
Senior VP, Growth & Sp
$338,933Pt VII · Sec A
Executive Vice President
$174,665Pt VII · Sec A
Assistant VP, Growth & Ops
$145,486Pt VII · Sec A
President, (from 11/1/2025)
$133,475Pt VII · Sec A
VP, Field Dev & Engagement
$113,916Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Firstgen Forward executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $3.8M of program spending, described in the organization's own filed words · FY2024.
01

Network Programs & Recruitment

The firstgen forward network includes nearly 500 colleges and universities engaged in a three-phased approach dedicated to advancing the success of first-generation students. These activities include personnel, training, resource development, travel, institutional scholarships, workshops, and technology.

$2.0Mprogram expense
02

Research & Publications

Advancing the field and addressing knowledge gaps requires a robust repository of research and publications. These activities include the management of the journal of first-generation student success, research and data analysis, new publications, personnel, travel, technology, and resource dissemination.

$1.1Mprogram expense
03

External Engagement & Conferences

Conferences and events are the primary outlet for information dissemination and knowledge sharing. These activities include personnel, resource development, speaking engagements, convenings, travel, content creation, and technology.

$660Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$7.1M · 92%
Program service revenue$590K · 8%
Contributions & grants92%$7.1M
Program service revenue8%$590K
Other revenue$2K
Total revenueLn 12$7.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.32 Fundraising $0.09
Program services59%$3.8M
Management & general32%$2.0M
Fundraising9%$564K
Total functional expensesLn 25$6.4M

Balance Sheet

Part X · end of year
CashLn 1$4.5M
Total assetsLn 16$6.3M
Total liabilitiesLn 26$5.2M
Total net assetsLn 32$1.1M
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.5M · Operating expenses/yr $6.4M
8.5 months
Where the money goes
Program services
Program services $3.8M · Total expenses $6.4M
59%
Management & General
Management & general $2.0M · Total expenses $6.4M
32%
Fundraising
Fundraising $564K · Total expenses $6.4M
9%
Cost to raise $1
Fundraising expense $564K · Solicited contributions $7.1M
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $7.1M · Total revenue $7.7M
92%
Government reliance
Government grants — · Total revenue $7.7M
—
Earned-income share
Program service revenue $590K · Total revenue $7.7M
8%
Investment reliance
Investment income $0 · Total revenue $7.7M
0%
Program self-sufficiency
Program service revenue $590K · Total expenses $6.4M
9%
Growth & trend
Revenue growth (YoY)
This year $7.7M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.7M · Expenses $6.4M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $6.3M
—
Net-asset ratio
Net assets $1.1M · Total assets $6.3M
17%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Maurice Jones · Reported title CEO, (UNTIL 6/30/2025) · Highest reported compensation $388K · Total expenses $6.4M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.1M · Total expenses $6.4M
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 32%——
Fundraising cost ratio 8%——

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
Total grants receivedfrom 2 funders$2.0M
Grants paid · 6 grants · $110K · 2024–2024
Unitemized GrantFY2024$59,788
The University of ArizonaFY2024$10,000
Talladega CollegeAL · FY2024$10,000
Atlanta Metropolitan State CollegeFY2024$10,000

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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
FY2024 (Latest)$7.7M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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