Bravo Family Foundation
- Assets
- $45.8m
- Revenue
- $2.8m
- Investments
- $45.0m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3513069
Organization Overview
Bravo Family Foundation is located in Miami Beach, FL. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bravo Family 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 12/2021, Bravo Family Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PUERTO RICO RISING ENTREPRENEURS: A PROGRAM TO PROMOTE BUSINESS CREATION FOR RECENT GRADUATES AND YOUNG PROFESSIONALS BY PROVIDING THE SKILLS, EXPERIENCE AND MENTORSHIP NECESSARY TO BUILD AND SUSTAIN ENTREPRENEURIAL VENTURES. EMPOWER PURPOSE-DRIVEN TECHNOLOGY ENTREPRENEURS WITH KNOWLEDGE, ACCESS AND CAPITAL TO CREATE A MORE INCLUSIVE AND SUSTAINABLE ECOSYSTEM IN PUERTO RICO. INCREASE THE NUMBER OF PEOPLE IN PUERTO RICO WHO START VIABLE AND SUCCESSFUL BUSINESSES AS A RESULT OF PARTICIPATING IN THIS PROGRAM. A COLLABORATIVE LEARNING ENVIRONMENT WITH DIRECT ACCESS TO HIGH QUALITY, MOTIVATED MENTORS. IN DEPTH OPERATIONAL KNOW-HOW AND FINANCIAL SKILLS TO HELP BUILD AND RUN A SUCCESSFUL BUSINESS.
PUERTO RICO EXCEPTIONAL COMMUNITY LEADERS PROGRAM, FOCUSED ON RURAL, HIGH-RISK AREAS WHERE GRASSROOTS LEADERS ARE ALREADY MAKING A DIFFERENCE WITH YOUNG PEOPLE. PARTNER WITH SELECTED ORGANIZATIONS TO STRENGTHEN OPERATIONS AND DEVELOP SERVICE-CULTURAL VENTURES. FORGE A NETWORK OF YOUTH WHO LEAD SERVICE-CULTURAL VENTURES CREATED IN PARTNERSHIP WITH NONPROFIT, BUSINESS AND CULTURE EXPERTS TO MATCH THE UNIQUENESS OF EACH SITE. INCREASE THE NUMBER OF YOUTH RUNNING SUCCESSFUL SERVICE-CULTURE VENTURES AS A RESULT OF PARTICIPATING IN THIS PROGRAM.
PUERTO RICO YOUTH ENTREPRENEURS: A PROGRAM TO HELP UNDERSERVED YOUTH CULTIVATE AN ENTREPRENEURIAL MINDSET BY PROVIDING HIGH SCHOOL STUDENTS IN PUERTO RICO WITH THE TOOLS, COACHING AND OPPORTUNITIES NEEDED TO DEVELOP AN ENTREPRENEURIAL MINDSET FOCUSED ON TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blanca Santos Rodriguez Executive Director/cfo | 40 | $192,328 | |
Jaime R Morales Cordero Managing Director | 40 | $87,789 | |
Fernando Silva Caraballo Managing Director | 40 | $83,862 | |
Orlando Bravo Chief Executive Officer/di | 1 | $0 | |
Kyle Klopfer Secretary/treasurer | 1 | $0 | |
Jennifer James Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vuelo6 | 12/30/21 | $186,423 |
Gsm Capital Llc | 12/30/21 | $120,000 |
Jose Vega Torres | 12/30/21 | $65,454 |
Jose Santana | 12/30/21 | $93,700 |
Francisco Gonzalez Chaparo | 12/30/21 | $97,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,913 |
| Interest on Savings | $904 |
| Dividends & Interest | $1,215,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $396,854 |
| Capital Gain Net Income | $330,535 |
| Net ST Capital Gain | $56,934 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,189,317 |
| Total Revenue | $2,825,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $363,979 |
| Other employee salaries and wages | $211,508 |
| Pension plans, employee benefits | $82,528 |
| Interest | $0 |
| Taxes | $300,438 |
| Depreciation | $46,825 |
| Occupancy | $39,139 |
| Travel, conferences, and meetings | $15,225 |
| Printing and publications | $0 |
| Other expenses | $3,401,264 |
| Total operating and administrative expenses | $4,661,182 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,661,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,091 |
| Savings and temporary cash investments | $99,307 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,214,212 |
| Net Land, buildings, and equipment | $317,477 |
| Other assets | $230,478 |
| Total assets | $45,795,409 |
| Accounts payable and accrued expenses | $228,299 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $38,516 |
| Total liabilities | $266,815 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bravo Family Foundation has recieved totaling $96,975.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $45,300 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $45,300 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: general support | $6,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advocates For World Health Inc Largo, FL | $1,849,097 | $14,932,639 |
Kids Alive International Inc Alpharetta, GA | $13,632,036 | $14,142,637 |
Compassion Heritage Foundation Inc Jacksonville, FL | $2,359,960 | $11,606,072 |
African Mission Healthcare Foundation DeLand, FL | $29,885,359 | $23,989,461 |
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |
Insulin For Life Usa Inc Gainesville, FL | $7,217,189 | $8,108,896 |
Watoto Child Care Ministry Inc Tampa, FL | $4,552,352 | $8,144,856 |
Favor International Inc Bradenton, FL | $3,030,494 | $5,819,335 |
The Yonkofa Project Inc Peachtree City, GA | $245,141 | $5,183,771 |
Comfort Aid International Lake Mary, FL | $6,410,038 | $6,736,637 |
Bravo Family Foundation Miami Beach, FL | $45,795,409 | $2,825,703 |
Doulos Partners Birmingham, AL | $182,413 | $4,426,226 |