2023-10-19T11:54:52-05:00 2022-12-31 473556755 JACOB COHEN CPA LLC 1613 WALNUT STREET 2ND FLOOR PHILADELPHIA PA 19103 990 2022-01-01 843859483 FIRST GENERATION INVESTORS INC FIRS 6462593243 48 WALL STREET 1100 NEW YORK NY 10005 JOSEPH KAKKIS TREASURER 4013249679 2023-10-19 1 JOSEPH KAKKIS XXX-XX-XXXX 1 JACOB COHEN CPA P01083745 2677645476 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEPHANIE PRESSLEY 48 WALL STREET 1100 NEW YORK NY 10005 213869 0 X FIRSTGENERATIONINVESTORS.COM X 2019 PA TO TEACH THE POWER OF INVESTING TO HIGH SCHOOL STUDENTS IN UNDERSERVED COMMUNITIES 5 5 2 311 0 0 222043 192739 0 0 270 13716 0 0 222313 206455 0 0 0 0 0 140212 0 0 1891 16867 46893 16867 187105 205446 19350 285576 295069 0 0 285576 295069 TO TEACH THE POWER OF INVESTING TO HIGH SCHOOL STUDENTS IN UNDERSERVED COMMUNITIES. 0 0 58147 IN 2022, FIRST GENERATION INVESTORS HIRED TWO FULL-TIME STAFF MEMBERS, TRANSITIONING FROM BEING A VOLUNTEER-LED ORGANIZATION TO A STAFF-RUN ORGANIZATION. UNDER STAFF LEADERSHIP, THE PROGRAM HAS STRATEGICALLY SHIFTED FROM ALIGNING WITH COLLEGES TO ALIGNING WITH HIGH SCHOOLS TO IMPACT FURTHER. FIRST GENERATION INVESTORS HAS CREATED FORMAL ALIGNMENTS WITH SEVERAL SCHOOL DISTRICTS AND HIGH SCHOOL-BASED ORGANIZATIONS, INCREASING PROGRAM ACCESS TO THOUSANDS OF STUDENTS. SINCE COLLEGE STUDENTS AND THEIR MENTORSHIP ARE A PART OF THE ORGANIZATION'S ETHOS, FGI WILL CONTINUE ACTIVATING THE PROGRAM THROUGH THE SUPPORT OF VOLUNTEER COLLEGE TUTORS. 58147 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. 116294 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 PA NJ NY CA CO DC FL MA NH NC OH SC TN VA CT IL LA MD MO TX ME X THE ORGANIZATION 6462593243 48 WALL STREET SUITE 1100 NEW YORK NY 10005 DYLAN INGERMAN CO-CHAIRMAN 10.00 X X 0 0 0 COLE MATTOX CO-CHAIRMAN 6.00 X X 0 0 0 BLAKE KERNAN SECRETARY 1.00 X X 0 0 0 ALEX INGERMAN DIRECTOR 2.00 X 0 0 0 JOSEPH KAKKIS TREASURER 3.00 X X 0 0 0 STEPHANIE PRESSLEY EXECUTIVE DIRECTOR 40.00 X 87365 0 0 87365 0 0 0 0 0 0 0 192739 13989 192739 1109 1109 20021 7414 12607 12607 12607 206455 0 0 13716 86183 86183 43683 43683 10346 7004 3342 9991 9991 6000 6000 1260 1173 87 8487 6596 1891 11726 7497 4229 1588 1588 STUDENT ACCOUNTS 7841 7841 187105 116294 68920 1891 243896 187490 4275 24126 37405 83453 285576 295069 0 0 X 108422 277930 177154 17139 285576 295069 285576 295069 19350 -9857 0 X 1 X 0 0 0 X 58766 222043 192739 473548 58766 222043 192739 473548 192321 281227 270 1109 1379 474927 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 FIDELITY & SCHWAB INVESTED FUNDS 83453 F 83453 FORM 990, PART VI, SECTION A, LINE 2 DYLAN AND ALEX INGERMAN ARE SIBLINGS. FORM 990, PART VI, SECTION A, LINE 2 DYLAN INGERMAN AND COLE MATTOX HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A BOARD MEETING REQUIRING PARTICIPATION OF ALL MEMBERS IS HELD PRIOR TO FILING TO REVIEW A FINAL DRAFT OF THE 990. THIS DRAFT IS SENT TO ALL MEMBERS VIA EMAIL TO ALL MEMBERS PRIOR TO THE MEETING. ANY REVISIONS OR CORRECTIONS TO THE 990 ARE NOTED AT THE MEETING, AND A FINAL COPY IS SENT TO ALL MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND COMMITTEE MEMBERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN CONNECTION WITH ANY PROPOSED TRANSACTION OR ARRANGEMENT WITH AN ORGANIZATION THAT IS UNDER CONSIDERATION BY FGI IN WHICH AN INTERESTED PERSON HAS A CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP, THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT (WITHOUT THE INTERESTED PERSON) SHALL MEET, DISCUSS, AND VOTE UPON WHETHER A CONFLICT OF INTEREST EXISTS. THE INTERESTED PERSON SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ANY ADDITIONAL MATERIAL FACTS RELATED TO HIS OR HER CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP AND THE PROPOSED TRANSACTION OR ARRANGEMENT, EITHER IN WRITING, OR BY INVITATION, AT THE BOARD OR COMMITTEE MEETING DURING WHICH THE POTENTIAL CONFLICT OF INTEREST IS BEING CONSIDERED. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE A CONFLICT OF INTEREST EXISTS, THE FOLLOWING PROCEDURES WILL BE IMPLEMENTED: A. THE PRESIDENT OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. B. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER FGI CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN FGI'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. AFTER THE BOARD OR COMMITTEE HAS COMPLETED ITS ANALYSIS, IT SHALL VOTE ON WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. APPROVAL SHALL BE BY MAJORITY VOTE OF DIRECTORS OR COMMITTEE MEMBERS WHO ARE FREE OF THE CONFLICT UNDER CONSIDERATION. THE FOLLOWING PROCEDURES GOVERN VIOLATIONS OF THIS POLICY: A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE A CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE A CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP AS REQUIRED UNDER THIS POLICY, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE NONPROFIT [THE FULL BOARD] SHALL ANNUALLY EVALUATE THE EXECUTIVE DIRECTOR ON HIS/HER PERFORMANCE, AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. THE FULL BOARD WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION (SALARY AND BENEFITS) OF THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS) BASED ON A REVIEW OF COMPARABILITY DATA. TO APPROVE THE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES AND CONSULTANTS) THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED. COMPENSATION WAS LAST REVIEWED AND APPROVED ON APRIL 7, 2023, TO REFLECT 2023 COLA. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC.