Bravo Family Charitable Foundation
- Assets
- $0.0
- Revenue
- $16.2m
- Investments
- $49.9m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 10/2017
- Data as of
- 12/2020
- EIN
- 81-4657525
Organization Overview
Bravo Family Charitable Foundation is located in Miami Beach, FL. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bravo Family Charitable Foundation 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 12/2020, Bravo Family Charitable Foundation generated $16.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bravo Family Charitable Foundation has awarded 64 individual grants totaling $35,971,527. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CHARITABLE AID TO PUERTO RICO FOR HURRICANE MARIA :TRAVEL EXPENSES : $9,348.20MEDICAL SUPPLIES FOR PUERTO RICO : $11,250.00PHOTOGRAPHY FOR HURRICANE MARIA RELIEF : $500.00
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando Bravo President/director/treasurer | 1 | $0 | |
Kyle Klopfer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,702,520 |
| Interest on Savings | $85,237 |
| Dividends & Interest | $1,131,815 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,205,452 |
| Total Revenue | $16,159,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $582,340 |
| Contributions, gifts, grants paid | $2,428,181 |
| Total expenses and disbursements | $3,010,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,898,599 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,396,995 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $59,746 |
Grants Awarded
Over the last fiscal year, Bravo Family Charitable Foundation has awarded $3,648,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: ORLANDO BRAVO UNIVERSITY PROFESSORSHIPS IN ECONOMICS | $1,500,000 |
Providence, RI PURPOSE: ORLANDO BRAVO CENTER FOR ECONOMIC RESEARCH | $1,000,000 |
Miami, FL PURPOSE: SUPPORT SURFSIDE | $250,000 |
Providence, RI PURPOSE: BRAVO FAMILY DEAN'S FACULTY FUND | $200,000 |
STANFORD UNIVERSITY PURPOSE: THE BRAVO FAMILY PUBLIC INTEREST POST - GRADUATE FELLOWSHIP FUND | $200,000 |
SEO SCHOLARS PURPOSE: 2021 ANNUAL AWARDS. | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |