Bravo Foundation INC FY2022 filing

Tax-deductible

Harrisburg, PA501(c)(3)EducationEIN 11-3645713Revenue $933K in FY2022

On file with the IRSthebravofoundation.org20 Market Square 800, 17101-1634 · Harrisburg, PATax-exempt since May 2003Publicly supported — 509(a)(2)

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

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $118K a year · 18% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$33K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$933K
+92% vs prior year
Spent
$541K
To programs
87%
Net assets
$877K
By yearFY2021–FY2025
Revenue
$933K
FY2022▲ +92%
Tap a bar for its year
Revenue by fiscal year
FY2021$486K
FY2022$933K
FY2023$922K
FY2024$541K
FY2025$435K
Expenses
$541K
FY2022▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2021$977K
FY2022$541K
FY2023$943K
FY2024$936K
FY2025$513K
Net assets
$877K
FY2022▲ +80%
Tap a bar for its year
Net assets by fiscal year
FY2021$487K
FY2022$877K
FY2023$857K
FY2024$462K
FY2025$384K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $473K Management & general 12% · $67K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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Provided by the organization

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2 programs · $473K · in their own filed words · FY2021
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.

$453Kprogram expense
02

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

$20Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$933K
Ln 12
Gifts and grantsLn 1h$931K
Investment incomeLn 3$1K
Money outPt IX
$541K
Ln 25
Programscol B$473K
Managementcol C$67K
Fundraisingcol D$2K
Owns and owesPt X
$877K
net assets · Ln 32
Cash and savingsLn 1–2$879K
Total assetsLn 16$911K
LiabilitiesLn 26$33K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$931K
Investment incomeLn 3$1K
Gains on assetsLn 7$0
Total revenueLn 12$933K
Assets in detailPt X, end of year
CashLn 1$879K
SavingsLn 2$0
Cash and savings togetherLn 1–2$879K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$29K
Total assetsLn 16$911K
LiabilitiesLn 26$33K
Net assetsLn 32$877K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$487K$879K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$489K$911K
LiabilitiesLn 26$2K$33K
Net assetsLn 32$487K$877K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Grants to domestic individualsLn 2$438K$438K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$29K$29K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$30K$15K$14K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$480$240$240
Information technologyLn 14$9K$9K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$0
Total functional expensesLn 25$541K$473K$67K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $435K$513K−$77K$384K 990 PDF
FY2024 $541K$936K−$395K$462K 990 PDF
FY2023 $922K$943K−$21K$857K 990 PDF
FY2022 Viewing $933K$541K$391K$877K 990 PDF
FY2021 $486K$977K−$491K$487K 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
See the full FY2022 990 (6 parts)
Part I · Summary $932,510 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $483,832$931,332
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,817$1,178
I-11 Other revenue$0
I-12 Total revenuePrior year $485,649$932,510
I-13 Grants and similar amounts paidPrior year $892,474$457,549
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,187$83,551
I-18 Total expensesPrior year $976,661$541,100
I-19 Revenue less expensesPrior year −$491,012$391,410
Part VI · Governance 0 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $932,510 across 8 lines filed
VIII-1f All other contributions, gifts and grants$931,332
VIII-1h Total contributions, gifts and grants$931,332
VIII-3 Investment incomeExcluded from tax $1,178$1,178
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $1,178$932,510
Part IX · Statement of functional expenses $541,100 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $19,600$19,600
IX-2 Grants to domestic individualsPrograms $437,949$437,949
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $29,300$29,300
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $15,138 · Management $13,624 · Fundraising $1,514$30,276
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $240 · Fundraising $240$480
IX-14 Information technologyManagement $9,260$9,260
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,188$1,188
IX-24 Other expenses (24a–d)Management $13,047$13,047
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $472,687 · Management $66,659 · Fundraising $1,754$541,100
Part X · Balance sheet $910,635 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $486,969$879,288
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,080$2,215
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$29,132
X-16 Total assetsStart of year $489,049$910,635
X-17 Accounts payable and accrued expensesStart of year $2,305$3,156
X-25 Other liabilities$30,243
X-26 Total liabilitiesStart of year $2,305$33,399
X-27 Net assets without donor restrictionsStart of year $466,345$676,837
X-28 Net assets with donor restrictionsStart of year $20,399$200,399
X-32 Total net assets or fund balancesStart of year $486,744$877,236
X-33 Total liabilities and net assetsStart of year $489,049$910,635
Part XI · Reconciliation of net assets $877,236 net assets at year end
XI-1 Total revenue$932,510
XI-2 Total expenses$541,100
XI-3 Revenue less expenses$391,410
XI-4 Net assets at start of year$486,744
XI-8 Prior period adjustments−$918
XI-10 Net assets at end of year$877,236

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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