Bravo Foundation INC

Harrisburg, PA · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2025
Revenue
$435K
▼ -20% vs prior year
Spent
$513K
To programs
96%
Net assets
$384K

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
96% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -20% vs prior year
Legal name (IRS)Hdr · item CBravo Foundation INC
EINHdr · item D11-3645713
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2003
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CHarrisburg, PA
NTEE classificationIRS BMFEducation (B82)
WebsiteHdr · item Jwww.thebravofoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.03 Fundraising $0.00
Program services96%$495K
Management & general3%$17K
Fundraising$837
Total functional expensesLn 25$513K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$435K
FY2025▼ -20%
Expenses
$513K
FY2025▼ -45%
Program efficiency
96%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate▲ +53% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$387K
FY2025▼ -18%
Total liabilities
$2K
FY2025▼ -70%
Revenue less expensesPt I · Ln 19−$77K
Total assetsPt X · Ln 16$387K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$385K
Total assetsLn 16$387K
Total liabilitiesLn 26$2K
Total net assetsLn 32$384K
Months of cash on handcomputed9.0

Statement of Revenue

Part VIII
Contributions & grants100%$434K
Investment income$1K
Other revenue$376
Total revenueLn 12$435K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $385K · Operating expenses/yr $513K
9.0 months
Where the money goes
Program services
Program services $495K · Total expenses $513K
96%
Management & General
Management & general $17K · Total expenses $513K
3%
Fundraising
Fundraising $837 · Total expenses $513K
0.2%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $631K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $434K · Total revenue $435K
100%
Government reliance
Government grants — · Total revenue $435K
—
Earned-income share
Program service revenue $0 · Total revenue $435K
0%
Investment reliance
Investment income $1K · Total revenue $435K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $513K
0%
Growth & trend
Revenue growth (YoY)
This year $435K · Prior year $541K
-20%
Revenue CAGR
FY2020 $486K · FY2024 $435K
-3%
Net-asset trend (YoY)
End of year $384K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $435K · Expenses $513K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $387K
—
Net-asset ratio
Net assets $384K · Total assets $387K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $387K
0%
People & payroll
Highest Reported Total Compensation
Individual Chris Bravacos · Reported title Board Member · Highest reported compensation $0 · Total expenses $513K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $513K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 3%——
Fundraising cost ratio 0.2%——
Revenue growth -20%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Bravo Foundation INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Awards scholarships to underprivileged Pennsylvania children and families for educational opportunities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $495K of program spending, described in the organization's own filed words · FY2024.
01

Bravo Foundation awards scholarships for the benefit of underprivileged children and their families in an effort to promote educational opportunities for students in the Commonwealth of Pennsylvania.

$482Kprogram expense
02

Bravo Foundation contributes to various educational institutions and charitable organizations to promote educational opportunities.

$13Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $3.5M · 2020–2024
Unitemized GrantFY2024$479,199
American UniversityDC · FY2024$10,000
Unitemized GrantFY2023$830,649
St Thomas More SchoolFY2023$10,000
American UniversityDC · FY2023$10,000
Unitemized GrantFY2022$840,699
Unitemized GrantFY2021$437,949
Unitemized GrantFY2020$878,199

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $435K$513K-20% 990 PDF
FY2024 $541K$936K-41% 990 PDF
FY2023 $922K$943K-1% 990 PDF
FY2022 $933K$541K+92% 990 PDF
FY2021 $486K$977K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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