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FIRST GENERATION INVESTORS
NEW YORK, NY · EIN 843859483 · Form 990 · FY2024 · NTEE P51 · Human Services · Small ($100K-$1M) · firstgenerationinvestors.com
revenue
$600K
expenses
$507K
net assets
$231K
employees
3
volunteers
400
program ratio
56%
mission · from form 990

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.

profile · synthesized from sources

First Generation Investors (FGI) is a nonprofit that teaches high school students about long-term investing through an 8-week curriculum delivered by college tutors. The program serves underrepresented youth by providing financial literacy education and $100 in real investments for students who complete the course. FGI operates nationally, partnering with high schools and universities to build financial confidence and lifelong habits.

irs program accomplishments · form 990 part iii · fy2022

What they reported doing

  1. #1 primary $58K
    FGI PROVIDES AN 8-WEEK COURSE FOR UNDERREPRESENTED STUDENTS BY ALIGNINGWITH HIGH SCHOOLS AND ACTIVATING THROUGH TUTORS AT LOCAL COLLEGES ANDUNIVERSITIES. EVERY STUDENT WHO COMPLETES THE PROGRAM AND SUBMITS THECAPSTONE PROJECT RECEIVES $100 TO INVEST.
named programs · 2 · from sources

What they call their work

8-Session Long-Term Investing Course
Eight-session financial literacy program for high school students covering index funds, diversification, dollar-cost averaging, and volatility, taught by college tutors.
Real Money Investment Program
Students who complete the course and submit a capstone project receive $100 invested in low-cost, diversified mutual funds, transferred to their own brokerage account upon turning 18.
activities · 1 group

What they do

  • Financial Literacy Education Programs 2 activities
    • Deliver financial education and hands-on investing program to high school students
      Provides an 8-week (or 7-session) financial education curriculum to underrepresented high school students through college student tutors, teaching long-term investing, personal finance, stocks, and bonds. Upon completion of a capstone project and attendance requirements, students receive $100 invested in low-cost, diversified mutual funds, with positions transferred to their individual brokerage accounts when they turn 18. The program operates in partnership with high schools and youth-serving organizations across multiple states, including Pennsylvania, Georgia, Alaska, and Washington, DC.
    • Recruit and support college student tutors for financial education programs
      Recruits college students to serve as tutors in the financial literacy program, providing them with training and support to deliver curriculum content to high school students. Includes organizing networking events with professionals to support tutor engagement and development.
financials · form 990 · fy2024
revenue
Total revenue$600K
Contributions & grants$600K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$507K
Program expenses56%
Admin / overhead37%
Fundraising7%
Salaries & benefits$210K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$541K
Cash$226K
Investments$279K
Liabilities$310K
Net assets$231K
Liquid reserves11.9 mo
5 years on record · 2020–2024 · YoY revenue +67.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
STEPHANIE PRESSLEY EXECUTIVE DIRECTOR 40 $121K
board members · 6
  • ALEX INGERMAN — DIRECTOR & TREASURER
  • BLAKE KERNEN — DIRECTOR
  • COLE MATTOX — VP CO-CHAIRMAN & SECRETARY
  • DYLAN INGERMAN — PRESIDENT & CO-CHAIRMAN
  • JOSEPH KAKKIS — DIRECTOR
  • PAUL GERMAIN — DIRECTOR
relationships · 81

Who they work with

  • Achievement First Amistad High School Partner — Partner high school implementing the FGI curriculum.
  • Bloomington North High School Partner — Partner high school implementing the FGI curriculum.
  • Bogleheads Conference Partner — Presented at the Bogleheads Conference to advocate for youth financial education and evidence-based investing.
  • Boston College Partner — New university partner hosting First Generation Investors programming.
  • Brooklyn Technical High School Partner — Partner high school implementing the FGI curriculum.
  • Brown Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • Building 21 Philadelphia Partner — New high school partner implementing First Generation Investors programming.
  • CUNY Lehman College Partner — Source of college tutors participating in FGI programs.
  • City of Philadelphia Government — Advisory board member Harold T. Epps is Former Director of Commerce for the City of Philadelphia.
  • Columbia University Partner — New university partner hosting First Generation Investors programming.
  • Cornell University Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • Corporate Supporters Partner — Receives corporate support from unnamed companies listed under "Corporate Supporters" on the website.
  • Cristo Rey Partner — Partner school where FGI delivers financial education programming to students.
  • Cristo Rey Jesuit Partner — New high school partner implementing First Generation Investors programming.
  • DC Public Schools Partner — Partner organization collaborating with First Generation Investors to deliver financial education programs to students.
  • Differential Ventures Partner — Advisory board member David Magerman is Co-founder & Managing Partner of Differential Ventures.
  • Drexel Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • Drexel University Partner — College tutors from Drexel University co-facilitated a financial literacy workshop at The Franklin Institute.
  • Drexel University Partner — Provides college student tutors who support FGI's financial education program at Cristo Rey in Philadelphia.
  • Duke Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • Duke Ellington School of the Arts Partner — Partner high school implementing the FGI curriculum.
  • Dunbar High School Partner — New high school partner implementing First Generation Investors programming.
  • Eagle Hill Consulting Partner — Hosted a virtual networking session for FGI college tutors.
  • Edward R Murrow High School Partner — Partner high school implementing the FGI curriculum.
  • Florida State University Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • G.W. Brackenridge High School Partner — Partner school collaborating with FIRST GENERATION INVESTORS on financial literacy education.
  • Garfield High School Partner — New high school partner implementing First Generation Investors programming.
  • Georgetown Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • Gonzaga Partner — College volunteer partner institution contributing student tutors to First Generation Investors' programs.
  • Greater Washington Urban League Partner — Partner organization implementing the FGI curriculum.
+ 51 more
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Equity-First Access Model
    methodology: equity-focused_outreach
    By prioritizing partnerships with Title 1 and charter high schools, we increase access to financial education for underrepresented youth because targeted outreach to under-resourced communities ensures that systemic inequities in financial literacy are directly addressed.
  • Experiential Learning with Real Money
    methodology: experiential_learning
    By using real money as a hands-on teaching tool within a structured curriculum, we make financial and investing concepts tangible and memorable, because experiential engagement deepens understanding and builds confidence more than theoretical instruction alone.
  • Near-Peer Mentorship Model
    methodology: near-peer_mentorship
    By using college students as tutors and mentors for high school students, we increase engagement and learning in financial education because relatable, near-peer role models reduce intimidation and build trust more effectively than traditional instructors.