Overview
What is First Generation Investors Inc?
First Generation Investors Inc, based in New York City, New York, is a nonprofit organization that initially operated with volunteers. In 2022, they hired two full-time staff members, transitioning into a staff-led organization. With this change, the focus shifted from aligning with colleges to aligning with high schools to expand its reach. The organization has established formal partnerships with several school districts and high school-based organizations, thereby increasing its program's availability to numerous students. Despite its staff leadership, the organization maintains a strong connection to college students and their mentorship, as this aspect is integral to its ethos. The primary mission of First Generation Investors Inc is to educate high school students in underserved communities about the power of investing.
Official website here: www.firstgenerationinvestors.com
Is First Generation Investors Inc legitimate?
First Generation Investors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Generation Investors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $86,183
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,683
For more financial information, click here
Official website here: www.firstgenerationinvestors.com
What is the mission statement of First Generation Investors Inc?
First Generation Investors Inc's mission is centered around educating high school students in underserved communities about the power of investing. The organization strives to achieve this goal by transitioning from a volunteer-led organization to a staff-run one, hiring two full-time employees in 2022. Under staff leadership, the program has strategically shifted its focus from aligning with colleges to aligning with high schools, aiming to impact a larger number of students. First Generation Investors has established formal partnerships with several school districts and high school-based organizations, thereby increasing program access to thousands of students. While college students and their mentorship are integral to the organization's ethos, First Generation Investors continues to support the program through the assistance of volunteer college tutors.
Official website here: www.firstgenerationinvestors.com
Who is the CEO of First Generation Investors Inc?
Stephanie Pressley is the Executive Director of First Generation Investors Inc.
Official website here: www.firstgenerationinvestors.com
What is the revenue of First Generation Investors Inc?
First Generation Investors Inc's revenue in 2022 was $206,455.
Official website here: www.firstgenerationinvestors.com
Who are the executives of First Generation Investors Inc and what are their salaries?
The average compensation at First Generation Investors Inc during 2022 was $64,933. There are 2 employees and 311 volunteers at First Generation Investors Inc.
Here are 6 key members and their salaries:
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- Compensation: $87,365
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Official website here: www.firstgenerationinvestors.com
Where can I find the form 990 for First Generation Investors Inc?
First Generation Investors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstgenerationinvestors.com
Learn more at the official website: www.firstgenerationinvestors.com
Mission Statement of First Generation Investors Inc
First Generation Investors Inc, a nonprofit organization, is committed to educating high school students in underserved communities about the power of investing. Their mission is to empower these students by teaching them the fundamentals of financial literacy and investing. In 2022, the organization made a significant shift in its strategy, transitioning from working with colleges to focusing on high schools. This change allowed First Generation Investors to reach a larger audience and have a more profound impact on the community.
To achieve its mission, First Generation Investors has established formal partnerships with several school districts and high school-based organizations. These collaborations have increased the program's accessibility to thousands of students. In addition to its staff-led initiatives, the organization continues to leverage the support of college students and their mentorship. By engaging volunteer college tutors, First Generation Investors ensures that its programs remain dynamic and responsive to the evolving needs of its students. Overall, the organization is dedicated to fostering financial literacy and investing skills among high school students in underserved communities, thereby equipping them with the tools necessary to make informed financial decisions in the future.
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Impact
October, 2024
First Generation Investors Inc has significantly transformed the financial literacy landscape for high school students in underserved communities. By focusing on teaching the power of investing, the organization empowers youth with essential skills that can lead to financial independence and informed decision-making in their future.
In 2022, the organization made a pivotal shift by hiring full-time staff, moving from a volunteer-led model to a structured, staff-run organization. This strategic change has enabled a more focused alignment with high schools, increasing engagement and access to their programs for thousands of students. Formal partnerships with multiple school districts and high school organizations have facilitated broader outreach and inclusion, making financial education accessible to those who may not otherwise have such opportunities.
Additionally, the involvement of college students as mentors enhances the learning experience, creating a supportive community that fosters both academic and personal growth. Through these initiatives, First Generation Investors Inc not only teaches investing but also cultivates aspiration and confidence among youth, preparing them for a brighter financial future.
This information is meant to be a general summary of First Generation Investors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,716
- Gross Receipts: $213,869
Assets and Liabilities:
- Total Assets: $295,069
- Total Liabilities: $0
- Net Assets: $295,069
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Organization Details
Founding Year
2019
Phone
(646) 259-3243Principal Officer
Stephanie Pressley
Main Address
48 WALL STREET 1100, NEW YORK, NY, 10005
NTEE Category
Code: P51 - Human services
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