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Nonprofiteer
← BRAVEN INCORPORATED

Form 990 for tax year 2023

Filed by BRAVEN INCORPORATED.

Totals

Total revenue
$38,701,711
Total expenses
$26,546,070
Contributions and grants received
$35,505,133
Grants paid
$0
Program service revenue
$1,668,169
Investment income
$1,528,409
Other revenue
$0
Total assets, end of year
$56,265,884
Total liabilities, end of year
$4,295,663
Net assets or fund balances, end of year
$51,970,221
Program services expenses (Part IX)
$20,259,437
Management and general expenses
$3,576,865
Fundraising expenses
$2,709,768
Program service expenses (Part III)
$20,259,437

Program services were 76.3% 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.

  • 1f · All other contributions, gifts and grants

    $35,505,133

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $1,668,169 · related or exempt $1,668,169

  • 3 · Investment income

    total $1,528,409 · excluded $1,528,409

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $980,651 · program services $331,812 · management and general $531,965 · fundraising $116,874

  • 7 · Other salaries and wages

    total $13,944,012 · program services $11,359,667 · management and general $950,763 · fundraising $1,633,582

  • 8 · Pension plan contributions

    total $515,652 · program services $403,944 · management and general $51,229 · fundraising $60,479

  • 9 · Other employee benefits

    total $1,642,567 · program services $1,286,732 · management and general $163,185 · fundraising $192,650

  • 10 · Payroll taxes

    total $1,178,466 · program services $923,171 · management and general $117,077 · fundraising $138,218

  • 11b · Fees: legal

    total $9,876 · management and general $9,876

  • 11c · Fees: accounting

    total $207,140 · management and general $207,140

  • 11g · Fees: other

    total $1,498,906 · program services $1,255,546 · management and general $196,163 · fundraising $47,197

  • 12 · Advertising and promotion

    total $415,444 · program services $248,584 · management and general $119,420 · fundraising $47,440

  • 13 · Office expenses

    total $648,714 · program services $319,363 · management and general $270,955 · fundraising $58,396

  • 14 · Information technology

    total $2,869,553 · program services $2,478,230 · management and general $288,236 · fundraising $103,087

  • 16 · Occupancy

    total $698,968 · program services $575,059 · management and general $85,236 · fundraising $38,673

  • 17 · Travel

    total $1,288,719 · program services $720,629 · management and general $317,627 · fundraising $250,463

  • 19 · Conferences, conventions and meetings

    total $141,988 · program services $97,651 · management and general $36,915 · fundraising $7,422

  • 22 · Depreciation, depletion and amortization

    total $105,825 · program services $21,165 · management and general $84,660

  • 23 · Insurance

    total $168,472 · program services $37,500 · management and general $127,765 · fundraising $3,207

  • 24a · Other expenses: PARTICIPANT STIPENDS

    total $200,384 · program services $200,384

  • 24e · All other expenses

    total $30,733 · management and general $18,653 · fundraising $12,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,512,258 · end of year $7,525,351

  • 2 · Savings and temporary cash investments

    beginning of year $30,903,563 · end of year $29,083,988

  • 3 · Pledges and grants receivable

    beginning of year $6,911,886 · end of year $14,834,097

  • 4 · Accounts receivable

    beginning of year $68,000 · end of year $694,743

  • 9 · Prepaid expenses and deferred charges

    beginning of year $308,872 · end of year $790,854

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

    $578,587

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

    $172,784

  • 10c · Land, buildings and equipment, net

    beginning of year $356,387 · end of year $405,803

  • 15 · Other assets

    beginning of year $1,990,916 · end of year $2,931,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $928,426 · end of year $1,124,756

  • 19 · Deferred revenue

    beginning of year $4,104 · end of year $96,400

  • 25 · Other liabilities

    beginning of year $2,304,772 · end of year $3,074,507

  • 27 · Net assets without donor restrictions

    beginning of year $24,397,066 · end of year $28,930,019

  • 28 · Net assets with donor restrictions

    beginning of year $15,417,514 · end of year $23,040,202

Mission and programs · 2023

Mission

BRAVEN'S MISSION IS TO EMPOWER FIRST-GENERATION COLLEGE STUDENTS, STUDENTS OF COLOR, AND THOSE FROM LOW-INCOME BACKGROUNDS BY EQUIPPING THEM WITH SKILLS, NETWORKS, EXPERIENCES, AND CONFIDENCE TO SECURE STRONG FIRST JOBS.

Activities or mission (Part I)

SEE SCHEDULE O.

  • SEE SCHEDULE O.

    Expenses $20,259,437 · Revenue $1,668,169

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

Listed in Part VII

  • Aimee Eubanks Davis

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $411,362
    From this org
    $348,647
    From related orgs
    $0
    Other
    $62,715
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $348,647
    Bonus
    $0
    Other
    $0
    Deferred
    $46,215
    Nontaxable benefits
    $16,500
    Filer's total
    $411,362
  • Richard Barth

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Susan Dunn

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Shalinee Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shellye Archambeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phillip Clay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Irene Esteves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roger Arrieux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charlie Wolfson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edward Herrera

    CHIEF FINANCE & OPERATING OFFICER

    Total calculated
    $285,351
    From this org
    $252,541
    From related orgs
    $0
    Other
    $32,810
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $252,541
    Bonus
    $0
    Other
    $0
    Deferred
    $20,070
    Nontaxable benefits
    $12,740
    Filer's total
    $285,351
  • Matthew Stieglitz

    SECRETARY/GENERAL COUNSEL

    Total calculated
    $188,541
    From this org
    $170,977
    From related orgs
    $0
    Other
    $17,564
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,977
    Bonus
    $0
    Other
    $0
    Deferred
    $9,015
    Nontaxable benefits
    $8,549
    Filer's total
    $188,541
  • Lorraine Anderson

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $314,464
    From this org
    $257,947
    From related orgs
    $0
    Other
    $56,517
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $257,947
    Bonus
    $0
    Other
    $0
    Deferred
    $43,116
    Nontaxable benefits
    $13,401
    Filer's total
    $314,464
  • Laniesha Sanders

    CHIEF PRODUCT OFFICER

    Total calculated
    $258,571
    From this org
    $220,783
    From related orgs
    $0
    Other
    $37,788
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $220,783
    Bonus
    $0
    Other
    $0
    Deferred
    $26,375
    Nontaxable benefits
    $11,413
    Filer's total
    $258,571
  • Che Watkins

    EXECUTIVE DIRECTOR, ATLANTA

    Total calculated
    $220,898
    From this org
    $193,263
    From related orgs
    $0
    Other
    $27,635
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,263
    Bonus
    $0
    Other
    $0
    Deferred
    $17,907
    Nontaxable benefits
    $9,728
    Filer's total
    $220,898
  • Kilsys Payamps-Roure

    EXECUTIVE DIRECTOR, NEW YORK

    Total calculated
    $231,539
    From this org
    $185,934
    From related orgs
    $0
    Other
    $45,605
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,934
    Bonus
    $0
    Other
    $0
    Deferred
    $36,081
    Nontaxable benefits
    $9,524
    Filer's total
    $231,539
  • Jonathan Chaparro

    EXECUTIVE DIRECTOR, INNOVATION

    Total calculated
    $204,934
    From this org
    $178,957
    From related orgs
    $0
    Other
    $25,977
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,957
    Bonus
    $0
    Other
    $0
    Deferred
    $16,966
    Nontaxable benefits
    $9,011
    Filer's total
    $204,934

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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
20 December 2024
IRS schema version
2023v5.1
Source object
202443589349300234

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