Braven Incorporated
- Assets
- $18.2m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2014
- Data as of
- 06/2021
- 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 06/2021, Braven Incorporated generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $8.2m during the year ending 06/2021. While expenses have increased by 25.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BRAVEN IS TO EMPOWER PROMISING, UNDERREPRESENTED YOUNG PEOPLE-FIRST-GENERATION COLLEGE STUDENTS, STUDENTS FROM LOW-INCOME BACKGROUNDS, AND STUDENTS OF COLOR-WITH THE SKILLS, CONFIDENCE, EXPERIENCES AND NETWORKS NECESSARY TO TRANSITION FROM COLLEGE TO STRONG FIRST JOBS, WHICH LEAD TO MEANINGFUL CAREERS AND LIVES OF IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRAVEN SUPPORTS UNTAPPED STUDENTS FROM COLLEGE TO CAREER BY PARTNERING WITH UNIVERSITIES 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 AND BRAVEN ONLINE: TWO PROGRAMS WITH A 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.BOTH 15-WEEK PROGRAMS ARE IDENTICAL IN CONTENT AND COHORT STRUCTURE AS OUR CORE PRODUCT, THE UNIVERSITY MODEL, AND ARE OFFERED IN PARTNERSHIP WITH COLLEGE ACCESS AND SUCCESS ORGANIZATIONS INSTEAD OF LARGE UNIVERSITIES. IN LIEU OF ACADEMIC CREDIT, BRAVENX AND BRAVEN ONLINE FELLOWS EARN A FINANCIAL STIPEND UPON COMPLETION OF THE PROGRAM. THE KEY DIFFERENCE BETWEEN BRAVENX AND BRAVEN ONLINE IS LOCATION AND MEDIUM (IN PERSON VERSUS ONLINE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Eubanks Davis Chief Executive Officer | OfficerTrustee | 40 | $255,123 |
Harry Li Chief Technology Officer | 40 | $213,094 | |
Vincent Marigna Executive Director, Newark | 40 | $188,445 | |
Lorraine Anderson Head Of External Affairs | 40 | $178,742 | |
Jeana Kim Head Of Product | 40 | $167,139 | |
Sheila Lopez Secretary/ General Counsel | OfficerTrustee | 40 | $127,243 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trinet Group Inc Staff, Human Resource Management, Payrol | 6/29/21 | $5,504,989 |
Andela Inc It Consulting | 6/29/21 | $101,681 |
Opentent Llc It Consulting | 6/29/21 | $365,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $841,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,603,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,444,668 |
| Total Program Service Revenue | $640,490 |
| Investment income | $0 |
| 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 | $13,085,158 |
| 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. | $309,676 |
| Compensation of current officers, directors, key employees. | $92,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,633,840 |
| Pension plan accruals and contributions | $155,129 |
| Other employee benefits | $524,913 |
| Payroll taxes | $383,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $119,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,158,302 |
| Advertising and promotion | $69,285 |
| Office expenses | $475,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,649 |
| Travel | $3,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,540 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,803 |
| Insurance | $34,778 |
| All other expenses | $26,175 |
| Total functional expenses | $8,186,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,384,198 |
| Savings and temporary cash investments | $2,000,030 |
| Pledges and grants receivable | $4,323,652 |
| Accounts receivable, net | $208,750 |
| 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 | $116,720 |
| Net Land, buildings, and equipment | $73,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,268 |
| Total assets | $18,157,055 |
| Accounts payable and accrued expenses | $439,931 |
| Grants payable | $0 |
| Deferred revenue | $946 |
| 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 | $1,052,980 |
| Total liabilities | $1,493,857 |
| Net assets without donor restrictions | $5,940,033 |
| Net assets with donor restrictions | $10,723,165 |
| 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 | $18,157,055 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Braven Incorporated has recieved totaling $9,432,800.
| Awarding Organization | Amount |
|---|---|
Strada Education Network Inc Indianapolis, IN PURPOSE: OPERATING GRANT | $1,612,500 |
Morgan Stanley Foundation New York, NY PURPOSE: DIVERSITY SCHOLARSHIPS | $1,375,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $1,050,000 |
Cleveland Avenue Foundation For Education Group Chicago, IL PURPOSE: TO SUPPORT THE PROGRAMMATIC OR OPERATING COSTS OF THE ORGANIZATION IN ALIGNMENT WITH THE 1954 PROJECT VALUES | $998,835 |
Deloitte Foundation Stamford, CT PURPOSE: THREE-YEAR EXPERIENCE AND PROFESSIONAL MENTORING PROGRAM & MARKETPLACE GRANT | $525,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Embarc Inc Chicago, IL | $4,540,107 | $3,839,352 |
A Million Stars Inc St Louis, MO | $6,740,657 | $2,484,208 |
Horizons For Youth Chicago, IL | $2,942,053 | $2,593,417 |