Nonprofit · EIN 84-3859483
FIRST GENERATION INVESTORS
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $600,174 | $506,720 | $93,454 | $541,304 | $309,847 | $231,457 |
| December 31, 2023 | 990 | $358,975 | $297,937 | $61,038 | $355,038 | $13,113 | $341,925 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $600,174
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,212
- Other salaries and wages
- $76,634
- Salaries, compensation and benefits (total)
- $209,782
- Professional fundraising fees
- $0
- Legal fees
- $11,376
- Accounting fees
- $18,524
- Travel
- $3,487
- Program services (functional)
- $284,996
- Management and general (functional)
- $187,868
- Fundraising (functional)
- $33,856
Balance sheet and other
- Total assets, start of year
- $355,038
- Total assets, end of year
- $541,304
- Total liabilities, end of year
- $309,847
- Net assets, end of year
- $231,457
- Net assets without donor restrictions
- $229,356
- Net assets with donor restrictions
- $2,101
- Gross receipts
- $600,174
- Employees
- 3
- Volunteers
- 400
- Year formed
- 2019
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE PRESSLEY | EXECUTIVE DIRECTOR Key employee | 40 | $121,212 |
| ALEX INGERMAN | DIRECTOR & TREASURER Trustee or director, Officer | 10 | $0 |
| DYLAN INGERMAN | PRESIDENT & CO-CHAIRMAN Trustee or director, Officer | 10 | $0 |
| COLE MATTOX | VP CO-CHAIRMAN & SECRETARY Trustee or director, Officer | 6 | $0 |
| PAUL GERMAIN | DIRECTOR Trustee or director | 3 | $0 |
| BLAKE KERNEN | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH KAKKIS | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE PRESSLEY | EXECUTIVE DIRECTOR Officer | 40 | $115,521 |
| DYLAN INGERMAN | CO-CHAIRMAN Trustee or director, Officer | 10 | $0 |
| COLE MATTOX | CO-CHAIRMAN Trustee or director, Officer | 6 | $0 |
| BLAKE KERNAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| ALEX INGERMAN | DIRECTOR Trustee or director | 5 | $0 |
| JOSEPH KAKKIS | TREASURER Trustee or director, Officer | 3 | $0 |
| PAUL GERMAIN | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 48 WALL ST STE 1100, NEW YORK, NY 10005-2907
- In care of
- % ALEX INGERMAN
- Mailing address (990-N for 2019)
- 19 Linda Lane, Summit NJ 07901
- Principal officer (990 for 2024)
- ALEX INGERMAN, 48 WALL STREET SUITE 1100, NEW YORK, NY 10005
- Principal officer (990-N for 2019)
- Dylan Ingerman, 19 Linda Lane, Summit NJ 07901
- Signed the 990
- ALEX INGERMAN, BOARD DIRECTORTREASURER
- Phone
- (646) 259-3243
- Website
- firstgenerationinvestors.com
- Return prepared by
- C&A Accounting Associates PC
Mission
FIRST GENERATION INVESTORS (FGI) IS A NON-PROFIT 501(C)3 ORGANIZATION THAT EMPOWERS YOUNG PEOPLE WITH THE KNOWLEDGE AND CONFIDENCE TO BUILD LONG-TERM FINANCIAL SECURITY AND PROSPERITY.
Program accomplishments
- FGI PROVIDES AN 8 LESSON COURSE FOR HIGH SCHOOL STUDENTS BY ALIGNING WITH HIGH SCHOOLS AND SCHOOL DISTRICTS. THE PROGRAM IS FACILITATED BY TUTORS AT LOCAL COLLEGES AND UNIVERSITIES OR TEACHERS. STUDENTS WHO COMPLETE THE PROGRAM AND PARTICIPATE IN THE CAPSTONE PROJECT WILL RECEIVE $100 TO INVEST IN A SELECT GROUP OF INVESTMENT FUNDS IDENTIFIED BY FGI. A PARTICIPANTS INVESTMENT IS HELD IN FGIS INVESTMENT ACCOUNT UNTIL SUCH PARTICIPANT SATISFIES THE FOLLOWING CRITERIA (1) SUCH PARTICIPANT HAS GRADUATED HIGH SCHOOL, AND (2) SUCH PARTICIPANT HAS REACHED THE AGE OF 18. ONCE THESE CRITERIA ARE MET, THE CURRENT VALUE OF THEIR INITIAL INVESTMENT, AS REFLECTED IN FGIS INVESTMENT ACCOUNT, SHALL BE TRANSFERRED TO AN INVESTMENT ACCOUNT IN SUCH PARTICIPANTS NAME DESIGNATED IN WRITING BY SUCH PARTICIPANT.Expenses $284,996
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3859483
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $541,304
- Income (IRS master file)
- $600,174
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $600,174 | $506,720 | $541,304 | IRS |
| 990 | December 2023 | $358,975 | $297,937 | $355,038 | XML |
| 990 | December 2022 | $206,455 | $187,105 | $295,069 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Dylan Ingerman | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3859483).
Questions about FIRST GENERATION INVESTORS
- What is the EIN of FIRST GENERATION INVESTORS?
- The employer identification number (EIN) of FIRST GENERATION INVESTORS is 84-3859483.
- Is FIRST GENERATION INVESTORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to FIRST GENERATION INVESTORS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST GENERATION INVESTORS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIRST GENERATION INVESTORS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST GENERATION INVESTORS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FIRST GENERATION INVESTORS?
- The 990 for the year ended December 31, 2024 names ALEX INGERMAN.
- Who are the officers and directors of FIRST GENERATION INVESTORS?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $121,212 (STEPHANIE PRESSLEY, EXECUTIVE DIRECTOR).
- How much revenue does FIRST GENERATION INVESTORS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $600,174, expenses of $506,720 and total assets of $541,304 at year end.
Other nonprofits in NEW YORK
- BLUE MERIDIAN PARTNERS INC EIN 81-5086187 · last filed 990 for 2025
- NYSARC INC EIN 13-5596746 · last filed 990 for 2025
- ACACIA CENTER FOR JUSTICE EIN 87-4099467 · last filed 990 for 2024
- YOUNG ADULT INSTITUTE INC EIN 11-2030172 · last filed 990 for 2025
- THE NEW YORK FOUNDLING EIN 13-1624123 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER NEW YORK EIN 13-1624228 · last filed 990 for 2024
- JEWISH BOARD OF FAMILY & CHILDRENS SERVICES INC EIN 13-5564937 · last filed 990 for 2025
- THE CHILDRENS AID SOCIETY EIN 13-5562191 · last filed 990 for 2025