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Nonprofiteer
← BRAC USA INC

Form 990 for tax year 2023

Filed by BRAC USA INC.

Totals

Total revenue
$14,913,211
Total expenses
$16,755,234
Contributions and grants received
$13,455,228
Grants paid
$12,305,143
Program service revenue
$370,312
Investment income
$876,032
Other revenue
$211,639
Total assets, end of year
$52,690,790
Total liabilities, end of year
$38,972,027
Net assets or fund balances, end of year
$13,718,763
Program services expenses (Part IX)
$14,126,084
Management and general expenses
$1,521,089
Fundraising expenses
$1,108,061
Program service expenses (Part III)
$14,126,084

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,004,701

  • 1f · All other contributions, gifts and grants

    $11,450,527

  • 2a · Program service revenue: CONTRACT INCOME

    total $366,522 · related or exempt $366,522

  • 2b · Program service revenue: CONSULTING FEES

    total $3,790 · related or exempt $3,790

  • 3 · Investment income

    total $573,789 · excluded $573,789

  • 7a · Gross sales of assets other than inventory

    securities $20,611,480

  • 7b · Less cost or other basis and sales expenses

    securities $20,309,237

  • 7c · Gain or loss

    securities $302,243

  • 7d · Net gain or loss

    total $302,243 · excluded $302,243

  • 11a · Other revenue: SHARED SERVICES & OTHER REIMB.

    total $211,639 · excluded $211,639

  • 11e · Other revenue, total

    $211,639

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $12,305,143 · program services $12,305,143

  • 5 · Compensation of officers, directors and key employees

    total $729,023 · program services $117,678 · management and general $402,672 · fundraising $208,673

  • 7 · Other salaries and wages

    total $1,471,185 · program services $655,767 · management and general $306,281 · fundraising $509,137

  • 8 · Pension plan contributions

    total $60,459 · program services $27,240 · management and general $11,109 · fundraising $22,110

  • 9 · Other employee benefits

    total $267,136 · program services $102,494 · management and general $68,985 · fundraising $95,657

  • 10 · Payroll taxes

    total $159,671 · program services $54,647 · management and general $54,959 · fundraising $50,065

  • 11b · Fees: legal

    total $4,020 · management and general $3,985 · fundraising $35

  • 11c · Fees: accounting

    total $330,037 · management and general $330,037

  • 11f · Fees: investment management

    total $13,893 · management and general $13,893

  • 11g · Fees: other

    total $584,230 · program services $564,231 · management and general $9,999 · fundraising $10,000

  • 12 · Advertising and promotion

    total $132,722 · program services $110,961 · management and general $461 · fundraising $21,300

  • 13 · Office expenses

    total $21,737 · program services $4,486 · management and general $9,807 · fundraising $7,444

  • 14 · Information technology

    total $74,300 · program services $11,259 · management and general $21,827 · fundraising $41,214

  • 16 · Occupancy

    total $248,950 · program services $61,476 · management and general $120,611 · fundraising $66,863

  • 17 · Travel

    total $135,310 · program services $54,117 · management and general $67,368 · fundraising $13,825

  • 19 · Conferences, conventions and meetings

    total $18,428 · program services $4,697 · management and general $10,754 · fundraising $2,977

  • 20 · Interest

    total $66 · management and general $66

  • 22 · Depreciation, depletion and amortization

    total $20,547 · program services $7,323 · management and general $6,453 · fundraising $6,771

  • 23 · Insurance

    total $25,183 · program services $8,975 · management and general $7,909 · fundraising $8,299

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $80,255 · program services $11,176 · management and general $43,658 · fundraising $25,421

  • 24b · Other expenses: RECRUITMENT & PROF. DEV

    total $30,989 · program services $200 · management and general $29,779 · fundraising $1,010

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $23,814 · program services $23,814

  • 24d · Other expenses: FEES AND REGISTRATIONS

    total $18,136 · program services $400 · management and general $476 · fundraising $17,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $729

  • 2 · Savings and temporary cash investments

    beginning of year $23,544,756 · end of year $33,842,213

  • 3 · Pledges and grants receivable

    beginning of year $11,909,771 · end of year $11,615,415

  • 4 · Accounts receivable

    beginning of year $783,484 · end of year $1,508,091

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,905 · end of year $37,211

  • 10a · Land, buildings and equipment: cost or other basis

    $238,685

  • 10b · Land, buildings and equipment: accumulated depreciation

    $225,532

  • 10c · Land, buildings and equipment, net

    beginning of year $30,979 · end of year $13,153

  • 11 · Investments: publicly traded securities

    beginning of year $14,569,311 · end of year $5,549,205

  • 15 · Other assets

    beginning of year $418,205 · end of year $124,773

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,993,441 · end of year $1,717,982

  • 18 · Grants payable

    beginning of year $34,181,116 · end of year $37,110,115

  • 25 · Other liabilities

    beginning of year $394,509 · end of year $143,930

  • 27 · Net assets without donor restrictions

    beginning of year $8,288,992 · end of year $8,786,256

  • 28 · Net assets with donor restrictions

    beginning of year $6,532,353 · end of year $4,932,507

Mission and programs · 2023

Mission

BRAC USA SHARES THE SAME MISSION AS BRAC: OUR MISSION IS TO EMPOWER PEOPLE AND COMMUNITIES IN SITUATIONS OF POVERTY, ILLITERACY, DISEASES. (SEE SCHEDULE O FOR CONTINUATION)OUR INTERVENTIONS AIM TO ACHIEVE LARGE SCALE POSITIVE CHANGES THROUGH ECONOMIC AND SOCIAL PROGRAMS THAT ENABLE WOMEN AND MEN TO REALIZE THEIR POTENTIAL.OUR VISION OF SUCCESS IS TO FOSTER A BETTER WORLD BY INCREASING BRAC'S VISIBILITY AS A DEVELOPMENT SUCCESS STORY, HARNESSING THE POWER OF ITS FRIENDS AND ENSURING SUPPORT FOR A GROWING NUMBER OF BRAC ORGANIZATIONS AROUND THE WORLD TO UNLEASH THE POTENTIAL OF MILLIONS OF POOR HOUSEHOLDS TO CREATE BETTER FUTURES FOR THEMSELVES AND THEIR COMMUNITIES. WE DO THIS THROUGH THREE MAIN PROGRAM AREAS: GRANTMAKING, STRATEGIC PROGRAM SERVICES, AND COMMUNICATIONS AND OUTREACH.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • GRANTMAKING: TO SUPPORT BRAC'S NEW AND ONGOING INITIATIVES, BRAC USA AWARDS GRANTS TO BRAC PROGRAMS WITH THE FUNDS IT RAISES FROM EXTERNAL DONORS. GRANT AWARDS SUPPORT A STRATEGIC AGENDA BASED ON PRIORITIES AGREED UPON BY BRAC AND BRAC USA. THE GRANTS MADE FACILITATE FLEXIBILITY, INNOVATION, AND LEARNING, WITH GOALS OF SCALING PROVEN INTERVENTIONS AND CREATING OPPORTUNITIES FOR PEOPLE LIVING IN POVERTY. BRAC USA DOES NOT ACCEPT UNSOLICITED PROPOSALS FROM ORGANIZATIONS THAT ARE NOT AFFILIATED WITH BRAC, BRAC UNIVERSITY, OR BRAC INTERNATIONAL.

    Expenses $12,305,142 · Grants $12,305,142

  • STRATEGIC PROGRAM SERVICES: BRAC USA SUPPORTS BRAC'S EFFORTS TO INNOVATE, PILOT, GROW, AND SCALE HEALTH, EDUCATION, YOUTH EMPOWERMENT, AGRICULTURE, LIVELIHOOD DEVELOPMENT, MICROFINANCE AND OTHER PROGRAMS. THIS INCLUDES ENABLING ACCESS TO CAPITAL AND OTHER RESOURCES, PROVIDING TECHNICAL ASSISTANCE AND PROGRAM SUPPORT, SETTING UP INTERNAL SYSTEMS AND PROCESSES FOR SUCCESSFUL IMPLEMENTATION AND MONITORING, AND COMMUNICATING OUTCOMES WITH DONORS AND OTHER STAKEHOLDERS.

    Expenses $1,469,809 · Revenue $370,312

  • COMMUNICATIONS & OUTREACH: BRAC USA STRIVES TO INCREASE AWARENESS ABOUT BRAC'S PROGRAMS AND ACTIVITIES IN THE UNITED STATES, CANADA, AND GLOBALLY. WE HELP TO EDUCATE THE PUBLIC ABOUT CHALLENGES FACING PEOPLE IN POVERTY WORLDWIDE AND EFFECTIVE SOLUTIONS TO SUPPORT THEM. THROUGH EVENTS, CONFERENCES, MEDIA PLACEMENTS, AWARD NOMINATIONS, SPEAKING ENGAGEMENTS, AND PARTNERSHIP DEVELOPMENT, WE WORK TO RAISE BRAC'S PROFILE AS AN INNOVATOR IN COST-EFFECTIVE, EVIDENCE-BASED DEVELOPMENT SOLUTIONS.

    Expenses $351,133

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JULIA ROBERTS

    PRESIDENT & CEO- START 04/24

    Total calculated
    $0
    Hours/week
    40

  • DONELLA RAPIER

    PRESIDENT & CEO-UNTIL 04/24

    Total calculated
    $342,858
    From this org
    $314,354
    From related orgs
    $0
    Other
    $28,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,354
    Bonus
    $0
    Other
    $0
    Deferred
    $15,750
    Nontaxable benefits
    $12,754
    Filer's total
    $342,858

  • RAY OFFENHEISER

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • RONALD GRZYWINSKI

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • ANN MILES

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JAMES CARLSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DIRK BOOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD CASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SARAH CLIFFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRIGIT HELMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VEENA JAYADEVA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOEL LAMSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL LOUIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA LUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CRISPIN MURIRA

    DIRECTOR-UNTIL 11/2023

    Total calculated
    $0
    Hours/week
    2

  • JAMES TORREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DANIEL STONER

    COO - START 10/23

    Total calculated
    $268,160
    From this org
    $235,559
    From related orgs
    $0
    Other
    $32,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,559
    Bonus
    $0
    Other
    $0
    Deferred
    $11,925
    Nontaxable benefits
    $20,676
    Filer's total
    $268,160

  • SHARAD AGGARWAL

    SENIOR VICE PRESIDENT-UNTIL 02/24

    Total calculated
    $205,340
    From this org
    $195,540
    From related orgs
    $0
    Other
    $9,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,873
    Bonus
    $0
    Other
    $66,667
    Deferred
    $9,800
    Nontaxable benefits
    $0
    Filer's total
    $205,340

  • DEBBIE LI

    DIRECTOR OF FINANCE

    Total calculated
    $159,214
    From this org
    $139,321
    From related orgs
    $0
    Other
    $19,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,321
    Bonus
    $0
    Other
    $0
    Deferred
    $7,085
    Nontaxable benefits
    $12,808
    Filer's total
    $159,214

  • DEVON MCLORG

    DIR. OF PARTNERSHIPS-START 10/23

    Total calculated
    $161,017
    From this org
    $141,541
    From related orgs
    $0
    Other
    $19,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,541
    Bonus
    $0
    Other
    $0
    Deferred
    $7,221
    Nontaxable benefits
    $12,255
    Filer's total
    $161,017

  • CATHERINE NAUGHTON

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $151,793
    From this org
    $132,872
    From related orgs
    $0
    Other
    $18,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,872
    Bonus
    $0
    Other
    $0
    Deferred
    $6,505
    Nontaxable benefits
    $12,416
    Filer's total
    $151,793

  • LAUREN GODFREY

    DIRECTOR OF BUSINESS DEVEL

    Total calculated
    $139,137
    From this org
    $120,263
    From related orgs
    $0
    Other
    $18,874
    Hours/week
    40

  • ASHLEY TOOMBS

    LEAD - CLIMATE

    Total calculated
    $162,914
    From this org
    $126,386
    From related orgs
    $0
    Other
    $36,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,386
    Bonus
    $0
    Other
    $0
    Deferred
    $8,554
    Nontaxable benefits
    $27,974
    Filer's total
    $162,914

  • EMILY GOSSELIN

    SENIOR MANAGER OF PARTNERSHIPS

    Total calculated
    $126,873
    From this org
    $109,051
    From related orgs
    $0
    Other
    $17,822
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
SHARAD AGGARWAL RECEIVED SEVEREANCE IN THE AMOUNT OF $66,667

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202511149349301526

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