FIRST GRADUATE

EIN: 943381171 501(c)(3) Youth Development

SAN FRANCISCO, CA

Total Revenue
$2,285,941
Total Expenses
$2,087,056
Total Assets
$2,103,774
Net Assets
$1,798,970
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
TERRI FORMAN
Phone
4155613450
Tax Period
2024-07-01 to 2025-06-30

FIRST GRADUATE, founded in 2000, is a community nonprofit in the Youth Development sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 9% surplus.

Mission

FIRST GRADUATE'S MISSION IS TO HELP STUDENTS BECOME THE FIRST IN THEIR FAMILIES TO GRADUATE FROM COLLEGE READY TO PURSUE A CAREER THAT IS MEANINGFUL TO THEM. WE ARE A 12-YEAR+ FREE PROGRAM-RECRUITING STUDENTS IN 6TH GRADE. OFFERINGS INCLUDE HOMEWORK AND STUDY SUPPORT, TEST PREP, SCHOOL EVALUATION, FIELD TRIPS AND SCHOOL/UNIVERSITY VISITS, SCHOLARSHIP AND INTERNSHIP ACCESS, COMMUNITY BUILDING, CAREER PRESENTATIONS FROM INDUSTRY PROFESSIONALS, AND MORE.

Program Service Accomplishments

Program 1
Expenses: $516,354 Revenue: $0

COLLEGE AND CAREER - WE ENSURE THAT STUDENTS ENROLL IN COLLEGE, COMPLETE ALL FINANCIAL FORMS, HELP THEM FIND SCHOLARSHIPS, COACH AND GUIDE THEM THROUGHOUT THEIR COLLEGE YEARS, CONNECT THEM WITH PAID...

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COLLEGE AND CAREER - WE ENSURE THAT STUDENTS ENROLL IN COLLEGE, COMPLETE ALL FINANCIAL FORMS, HELP THEM FIND SCHOLARSHIPS, COACH AND GUIDE THEM THROUGHOUT THEIR COLLEGE YEARS, CONNECT THEM WITH PAID INTERNSHIPS, AND GRADUATE WITHIN SIX YEARS OF ENROLLING IN COLLEGE. WE ALSO HELP THEM TRANSITION FROM COLLEGE INTO CAREERS AND THE WORKFORCE.

Program 2
Expenses: $399,046 Revenue: $0

HIGH SCHOOL - WE CONTINUE HELPING FIRST GENERATION STUDENTS BECOME COMPETITIVE COLLEGE CANDIDATES WITH TUTORING, SOCIAL AND EMOTIONAL SUPPORT, CAREER EXPOSURE, NETWORKING, SUMMER INTERNSHIPS...

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HIGH SCHOOL - WE CONTINUE HELPING FIRST GENERATION STUDENTS BECOME COMPETITIVE COLLEGE CANDIDATES WITH TUTORING, SOCIAL AND EMOTIONAL SUPPORT, CAREER EXPOSURE, NETWORKING, SUMMER INTERNSHIPS, APPLYING TO HIGH SCHOOL, SAT AND ACT TEST PREPARATION, COLLEGE VISITS, COLLEGE APPLICATIONS, SCHOLARSHIP APPLICATION, PARENT SUPPORT DURING THE PROCESS, FINANCIAL AID APPLICATIONS, FILING FAFSA, SELECTING COLLEGE, ETC.

Program 3
Expenses: $388,923 Revenue: $0

MIDDLE SCHOOL - WE RECRUIT STUDENTS IN 6TH GRADE AND PROVIDE THEM WITH ACADEMIC TUTORING, CAREER EXPOSURE, AND OTHER SUPPORT NEEDED TO ENABLE THEM TO TRANSITION TO HIGH SCHOOL AND BEGIN THEIR PATH...

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MIDDLE SCHOOL - WE RECRUIT STUDENTS IN 6TH GRADE AND PROVIDE THEM WITH ACADEMIC TUTORING, CAREER EXPOSURE, AND OTHER SUPPORT NEEDED TO ENABLE THEM TO TRANSITION TO HIGH SCHOOL AND BEGIN THEIR PATH TOWARD BECOMING FIRST-GENERATION COLLEGE GRADUATES.

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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 $2,316,727
Program Service Revenue $0
Investment Income $23,643
Other Revenue $-54,429
TOTAL REVENUE $2,285,941

Expense Breakdown

Grants Paid $307,810
Salaries & Benefits $1,186,130
Fundraising Expenses $378,278
Program Expenses $1,409,425
Other Expenses $593,116
TOTAL EXPENSES $2,087,056

Year-over-Year Comparison

2024 2023 Change
Revenue $2,285,941 $1,910,932 +0.2%
Expenses $2,087,056 $2,032,987 +0.0%
Net Income $198,885 $-122,055 -2.6%
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
16
Independent Members
15
Employees
26
Volunteers
15

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
$164,700
Total Directors
15
$164,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRI FORMAN SECRETARY AND CEO 1
Officer Director
$164,700 $0 $164,700
GOPA DASARI PRESIDENT 1
Director
$0 $0 $0
RYAN BAUM IMMEDIATE PAST PRESIDENT 2
Officer Director
$0 $0 $0
HANISH RATHOD TREASURER 1
Officer Director
$0 $0 $0
JOHN A SPENSIERI BOARD MEMBER 1
Director
$0 $0 $0
ROSEMARY ARRIADA KEIPER BOARD MEMBER 1
Director
$0 $0 $0
MARVELL C ALLEN BOARD MEMBER 1
Director
$0 $0 $0
MARK HAMILTON BOARD MEMBER 1
Director
$0 $0 $0
SUSAN E KNOWLES BOARD MEMBER 1
Director
$0 $0 $0
TUCKER SERENBETZ BOARD MEMBER 1
Director
$0 $0 $0
ANA CAZENEUVE BOARD MEMBER 1
Director
$0 $0 $0
ALEX LAZO BOARD MEMBER 1
Director
$0 $0 $0
JENINA S SOTO BOARD MEMBER 1
Director
$0 $0 $0
DIONNE TEASLEY BOARD MEMBER 1
Director
$0 $0 $0
SHELLY VERNICK BOARD MEMBER 1
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 $2,285,941 $2,087,056 $2,103,774 $198,885
2024 $1,910,932 $2,032,987 $1,965,263 $-122,055
2023 $1,748,727 $1,918,527 $1,884,064 $-169,800
2022 $2,044,310 $1,640,076 $1,974,240 $404,234
2021 $1,827,168 $1,340,775 $1,743,010 $486,393
2020 $1,626,293 $1,344,969 $1,252,664 $281,324
2019 $1,476,162 $1,801,684 $821,373 $-325,522
2018 $1,939,658 $2,167,199 $1,140,926 $-227,541
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