Ron Brown Scholar Fund

Organization Overview

Ron Brown Scholar Fund is located in Charlottesville, VA. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Ron Brown Scholar Fund employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ron Brown Scholar Fund 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 12/2022, Ron Brown Scholar Fund generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 8.3% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE RON BROWN SCHOLAR PROGRAM IS TO ACCELERATE THE PROGRESS OF AFRICAN AMERICANS INTO THE MAINSTREAM OF LEADERSHIP IN BUSINESS, EDUCATION, GOVERNMENT, AND A WIDE SPECTRUM OF PROFESSIONS WHILE INSTILLING A STRONG DEDICATION TO LEADERSHIP AND PUBLIC SERVICE.

Describe the Organization's Program Activity:

SCHOLARSHIP GRANTS


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Board, Officers & Key Employees

Name (title)Compensation
Michael A Mallory
President & CEO
$310,353
Vanessa Evans
Asst Secretary
$228,613
Dane Holmes
Trusteechairman
$0
Jordan Goldberg
Treasurer
$0
Nicole Bates
Chair
$0
Brian Siegal
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,166,045
Noncash contributions included in lines 1a–1f $96,287
Total Revenue from Contributions, Gifts, Grants & Similar$3,166,045
Total Program Service Revenue$0
Investment income $457,673
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$15,500
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,637,027

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