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Filing year 2024

FIRST BOOK

Washington, District of Columbia·EIN 52-1779606·NTEE B92Z · Education·501(c)(3)
Total revenue
$92.3M
Total assets
$36M
Total expenses
$93.8M
Reported officers
21
Mission

FOUNDED IN 1992, FIRST BOOK IS A NONPROFIT SOCIAL ENTERPRISE BUILDING A WORLD WHERE ALL CHILDREN HAVE ACCESS TO A QUALITY EDUCATION. WE ARE ON A MISSION TO ENSURE THAT ALL CHILDREN, REGARDLESS OF THEIR BACKGROUND OR ZIP CODE, CAN SUCCEED BY REMOVING BARRIERS TO EQUITABLE EDUCATION BECAUSE EDUCATION TRANSFORMS LIVES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in District of Columbia.

Chief Administrative Officer
Officer (Unspecified)
$245k
$260k
Base
$227k
Bonus
Other
Benefits
$16k
President and CEO
Median to 75th percentile
$230k
$244k
Base
$215k
Bonus
Other
Benefits
$12k
Executive Vice President, Strategic Alliances
Executive Vice President
Median to 75th percentilevs Education peers nationwide
$229k
$244k
Base
$215k
Bonus
Other
Benefits
$12k
Chief Financial Officer
75th to 90th percentile
$229k
$243k
Base
$215k
Bonus
Other
Benefits
$12k
Senior Vice President, IT
Senior Vice President
25th percentile to medianvs Education peers nationwide
$226k
$240k
Base
$212k
Bonus
Other
Benefits
$12k
Vice President, Human Resources
Board Vice President
25th percentile to median
$164k
$174k
Base
$150k
Bonus
Other
Benefits
$12k
Vice President, Marketing and Communications
Board Vice President
25th percentile to median
$163k
$173k
Base
$149k
Bonus
$12k
Other
Benefits
Chief Operating Officer
25th percentile to median
$149k
$158k
Senior Vice President, Network Engagement
Senior Vice President
10th to 25th percentilevs Education peers nationwide
$136k
$145k
Vice President, Ecommerce
Board Vice President
10th to 25th percentile
$136k
$144k
Senior Director, Marketing and Communication
Director (Operational)
25th percentile to median
$131k
$139k
Chief Operating Officer
Below 10th percentile
$55k
$58k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FIRST BOOK equaled 0.3% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
0.3%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 9%
from 2023

From $268k in 2023 to $245k in 2024.

$268k
2023
$245k
2024
In today's dollarsEst.
Down 12% in real terms$294k to $260k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 10% from 2023 to 2024, while revenue rose 8%.

$256k in 2023 to $230k in 2024.
  • Chief Financial Officer pay rose 136% from 2023 to 2024.
  • Senior Vice President pay rose 11% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FIRST BOOK reported revenue and expenses across 2 filing years.

RevenueExpenses
$85.1M
$88.4M
2023
$92.3M
$93.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in District of Columbia

Comparable education organizations in District of Columbia pay their highest-earning executive a median of $178,570.

25th percentile
$81k
Median
$178,570
75th percentile
$287k
90th percentile
$457k

These are education sector-wide figures, not this organization's reported pay. Based on 479 organizations across 479 filings (2022 – 2024).

See full Education pay data for District of Columbia
FAQ

Common questions about FIRST BOOK

What does the Chief Executive Officer of FIRST BOOK earn?

In 2024, the Chief Executive Officer of FIRST BOOK received $229,684 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Education organizations in District of Columbia, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FIRST BOOK compare with similar nonprofits?

Compared with the same role at Education organizations in District of Columbia, the 2024 pay of the Chief Executive Officer at FIRST BOOK falls between the median and the 75th percentile. In 2024, the highest total compensation at FIRST BOOK equaled 0.3% of the organization's total expenses. The median for education organizations is 7%.

What are FIRST BOOK's revenue and expenses?

In 2024, FIRST BOOK reported $92.3M in total revenue and $93.8M in total expenses on its IRS Form 990.

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