FIRST GEN SCHOLARS

EIN: 842846880 501(c)(3) Education

SAN DIEGO, CA

Total Revenue
$479,860
Total Expenses
$516,821
Total Assets
$76,496
Net Assets
$-65,136
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
JONATHAN BURGOS
Phone
6193393308
Tax Period
2023-07-01 to 2024-06-30

FIRST GEN SCHOLARS, founded in 2019, is a small nonprofit in the Education sector that reported $480K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO SUPPORT FIRST GENERATION STUDENTS THROUGH THE COLLEGE APPLICATION PROCESS, HELP THEM GRADUATE WITH NO DEBT, AND FIND CAREERS THAT CREATE ECONOMIC MOBILITY AND GENERATIONAL WEALTH.

Program Service Accomplishments

Program 1
Expenses: $419,940

SUMMER 2024 COLLEGE PREP PROGRAM - COHORTS WERE CREATED FOR BLACK FIRST GEN, CHANGEMAKERS, EMERGING LEADERS IN STEM, LATINX FIRST GEN, SOUTHEAST ASIAN FIRST GEN, VOICES OF CHANGE IN THE ARTS...

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SUMMER 2024 COLLEGE PREP PROGRAM - COHORTS WERE CREATED FOR BLACK FIRST GEN, CHANGEMAKERS, EMERGING LEADERS IN STEM, LATINX FIRST GEN, SOUTHEAST ASIAN FIRST GEN, VOICES OF CHANGE IN THE ARTS, HUMANITIES AND SOCIAL JUSTICE, AND ONLINE FIRST GEN STUDENTS. PROGRAMMING INCLUDED COLLEGE ADMISSIONS, ESSAY-WRITING, UNDERSTANDING FINANCIAL AID AND COMMUNITY-BUILDING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $479,860
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $479,860

Expense Breakdown

Grants Paid $10,008
Salaries & Benefits $366,039
Fundraising Expenses $14,172
Program Expenses $419,940
Other Expenses $140,774
TOTAL EXPENSES $516,821

Year-over-Year Comparison

2023 2022 Change
Revenue $479,860 $340,551 +0.4%
Expenses $516,821 $452,862 +0.1%
Net Income $-36,961 $-112,311 -0.7%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
30
Volunteers
7

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
4
$79,063
Total Directors
8
$79,063
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN BURGOS PRESIDENT/EXECUTIVE DIRECT 40.00
Officer Director
$79,063 $0 $79,063
EMILY SCHNARR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FRANK TRUONG TREASURER 1.00
Officer Director
$0 $0 $0
ANDREA MUNOZ SECRETARY 1.00
Officer Director
$0 $0 $0
MARIANNA CORONA BOARD MEMBER 0.25
Director
$0 $0 $0
VON WARE BOARD MEMBER 0.25
Director
$0 $0 $0
KARMIN NOAR BOARD MEMBER 0.25
Director
$0 $0 $0
MELISA ZARATE BOARD MEMBER 0.25
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
2024 $479,860 $516,821 $76,496 $-36,961
2023 $340,551 $452,862 $65,545 $-112,311
2022 $396,128 $345,698 $111,068 $50,430
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