Braven Incorporated
- Assets
- $43.1m
- Revenue
- $30.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2014
- Data as of
- 06/2023
- EIN
- 46-4340594
Organization Overview
Braven Incorporated is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braven Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Braven Incorporated generated $30.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $17.6m during the year ending 06/2023. While expenses have increased by 30.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRAVEN SUPPORTS UNTAPPED STUDENTS FROM COLLEGE TO CAREER BY PARTNERING WITH INSTITUTIONS OF HIGHER ED AND EMPLOYERS TO OFFER A TWO-PART EXPERIENCE THAT BEGINS WITH A CREDIT-BEARING COLLEGE COURSE FOLLOWED BY A POST-COURSE EXPERIENCE THAT LASTS THROUGH GRADUATION. FELLOWS EMERGE FROM BRAVEN WITH THE SKILLS, CONFIDENCE, EXPERIENCES AND NETWORKS THEY NEED TO LAND A STRONG FIRST JOB AND GET ON A PATH TO ECONOMIC FREEDOM.BRAVEN ALSO DELIVERS BRAVENX, A STIPEND-BASED PROGRAM OUTSIDE OF INSTITUTES OF HIGHER ED, WITH THE GOAL OF EXTENDING THE CRITICAL WORK OF COLLEGE SUCCESS ORGANIZATIONS AND CHARTER HIGH SCHOOLS INTO STRONG CAREER OUTCOMES AFTER COLLEGE. BY PARTNERING WITH SUCH ORGANIZATIONS, BRAVEN HELPS ENSURE THAT THEIR ALUMNI NOT ONLY GRADUATE, ENROLL AND PERSIST IN COLLEGE, BUT ALSO BUILD THE FOUNDATION FOR A LIFELONG CAREER PATH. BRAVENX IS IDENTICAL IN CONTENT AND COHORT STRUCTURE AS OUR CORE PRODUCT, THE HIGHER ED MODEL. IN LIEU OF ACADEMIC CREDIT, BRAVENX FELLOWS EARN A FINANCIAL STIPEND UPON COMPLETION OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Eubanks Davis Chief Executive Officer | OfficerTrustee | 50 | $294,101 |
Richard Barth Board Chair | OfficerTrustee | 1 | $0 |
Susan Dunn Treasurer | OfficerTrustee | 1 | $0 |
Shalinee Sharma Director | Trustee | 1 | $0 |
Elizabeth Thompson Director | Trustee | 1 | $0 |
David Levy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O Practice Coaching & Strategy | 6/29/23 | $557,746 |
Trinet Group Inc Staff, Human Resource Management, Payrol | 6/29/23 | $10,380,396 |
Opentent Llc Technology Consulting | 6/29/23 | $307,500 |
Potential Energy Talent Solutions Llc Talent Consulting | 6/29/23 | $139,000 |
Michael David Metzger Business Consulting | 6/29/23 | $118,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $372,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,288,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,660,905 |
| Total Program Service Revenue | $1,573,567 |
| Investment income | $604,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,839,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,073 |
| Compensation of current officers, directors, key employees. | $162,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,376,574 |
| Pension plan accruals and contributions | $364,518 |
| Other employee benefits | $1,048,689 |
| Payroll taxes | $783,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,058 |
| Fees for services: Accounting | $216,219 |
| Fees for services: Lobbying | $96,762 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,594,294 |
| Advertising and promotion | $367,728 |
| Office expenses | $454,526 |
| Information technology | $466,047 |
| Royalties | $0 |
| Occupancy | $354,564 |
| Travel | $277,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $570,120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,996 |
| Insurance | $59,767 |
| All other expenses | $21,899 |
| Total functional expenses | $17,606,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,512,258 |
| Savings and temporary cash investments | $30,903,563 |
| Pledges and grants receivable | $6,911,886 |
| Accounts receivable, net | $68,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $308,872 |
| Net Land, buildings, and equipment | $356,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,990,916 |
| Total assets | $43,051,882 |
| Accounts payable and accrued expenses | $928,426 |
| Grants payable | $0 |
| Deferred revenue | $4,104 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,304,772 |
| Total liabilities | $3,237,302 |
| Net assets without donor restrictions | $24,397,066 |
| Net assets with donor restrictions | $15,417,514 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,051,882 |