First Generation College Bound Inc

EIN: 521720876 501(c)(3) Education

Laurel, MD

Total Revenue
$1,641,070
Total Expenses
$1,768,430
Total Assets
$2,348,112
Net Assets
$2,000,428
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MD
Principal Officer
Joseph Fisher
Phone
3014900911
Tax Period
2024-07-01 to 2025-06-30

First Generation College Bound Inc, founded in 1991, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

FGCB exists to inspire low income and first-generation youth to achieve their social and economic success by providing advice, encouragement, and support to obtain a college degree.

Program Service Accomplishments

Program 1
Expenses: $1,257,683 Revenue: $10,075

FGCBs signature College Access Program focuses on identifying best-fit and affordable based on each students academic profile and their familys financial profile. During the 2024-2025 academic year...

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FGCBs signature College Access Program focuses on identifying best-fit and affordable based on each students academic profile and their familys financial profile. During the 2024-2025 academic year, college access services were provided to 247 seniors 197 juniors, and 134 sophomores. FGCB provided more than a dozen programs to help enhance college and career awareness and knowledge of financial aid.

Program 2
Expenses: $55,197 Revenue: $0

Fifty-four students enrolled in Homework Club at the Kimberly Gardens Community. This was an increase of 12 students from the previous year and 14 students over our targeted recruitement goal. This...

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Fifty-four students enrolled in Homework Club at the Kimberly Gardens Community. This was an increase of 12 students from the previous year and 14 students over our targeted recruitement goal. This was also our largest group of homework club students to date.

Program 3
Expenses: $57,549 Revenue: $0

The MD Alliance for College Affordability and Equity component is a coalition of nonprofit organizations throughout Maryland that works to identify barriers and advocate for changes to address these...

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The MD Alliance for College Affordability and Equity component is a coalition of nonprofit organizations throughout Maryland that works to identify barriers and advocate for changes to address these barriers to State policymakers and agencies.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,564,039
Program Service Revenue $10,100
Investment Income $66,931
Other Revenue $0
TOTAL REVENUE $1,641,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,048,206
Fundraising Expenses $190,753
Program Expenses $1,370,429
Other Expenses $720,224
TOTAL EXPENSES $1,768,430

Year-over-Year Comparison

2024 2023 Change
Revenue $1,641,070 $1,806,803 -0.1%
Expenses $1,768,430 $1,545,446 +0.1%
Net Income $-127,360 $261,357 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
19
Volunteers
40

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$113,300
Total Directors
13
$113,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Fisher CEO 40.00
Officer Director
$110,000 $3,300 $113,300
Janice Breslin-Doyle Acting Board Chair 2.00
Officer Director
$0 $0 $0
Michael Wood Secretary 1.00
Officer Director
$0 $0 $0
Florence Akadje Director 1.00
Director
$0 $0 $0
Robb Cecil Director 1.00
Director
$0 $0 $0
Benee Edwards Director 1.00
Director
$0 $0 $0
Raymond Farmer Director 1.00
Director
$0 $0 $0
Brad Frome Director 1.00
Director
$0 $0 $0
Tracey Jamison Director 1.00
Director
$0 $0 $0
Anil Kochhar Director 1.00
Director
$0 $0 $0
Marquise McCoy Director 1.00
Director
$0 $0 $0
Nora McNamara Director 1.00
Director
$0 $0 $0
Doris Reed Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,641,070 $1,768,430 $2,348,112 $-127,360
2024 $1,806,803 $1,545,446 $2,509,743 $261,357
2023 $1,933,298 $1,280,391 $2,290,586 $652,907
2022 $1,307,851 $1,077,796 $1,292,907 $230,055
2021 $1,275,240 $992,084 $1,154,892 $283,156
2020 $1,130,919 $1,028,586 $851,569 $102,333
2020 $1,130,919 $1,028,586 $851,569 $102,333
2019 $1,205,465 $948,508 $612,691 $256,957
2018 $864,722 $846,539 $388,954 $18,183
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