Brac USA INC

Tax-deductible

New York, NY501(c)(3)Since 2006InternationalEIN 20-8456741Revenue $22.7M in FY2025

On file with the IRSbracusa.org26 Broadway 3rd FL, 10004-1755 · New York, NYTax-exempt since Jun 2007Publicly supported charity — 170(b)(1)(A)(vi)

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 13 volunteers and 40 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 6
filings with a surplus
Average surplus $252K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 6% of spending
Top officer’s pay lower than 51% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37.1M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.7M
+52% vs prior year
Spent
$23.4M
To programs
85%
Net assets
$12.6M
By yearFY2020–FY2025
Revenue
$22.7M
FY2025▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$73.5M
FY2021$26.1M
FY2022$45.8M
FY2023$15.4M
FY2024$14.9M
FY2025$22.7M
Expenses
$23.4M
FY2025▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$21.9M
FY2021$67.5M
FY2022$49.8M
FY2023$17.5M
FY2024$16.8M
FY2025$23.4M
Net assets
$12.6M
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$62.6M
FY2021$21.2M
FY2022$16.3M
FY2023$14.8M
FY2024$13.7M
FY2025$12.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2007.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $20.0M Management & general 9% · $2.1M Fundraising 6% · $1.3M

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

22 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$255,896Pt VII · Sec A
President & CEO
$234,961Pt VII · Sec A
Director of Partnerships
$154,563Pt VII · Sec A
Director of Individual Giving
$146,897Pt VII · Sec A
Director of Communications
$137,297Pt VII · Sec A
Director of Human Resource
$136,549Pt VII · Sec A
Lead - Climate
$132,657Pt VII · Sec A
Dir. of Finance (until 12/2024)
$113,221Pt VII · Sec A

Daniel Stoner’s $256K as COO is at the 49th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Muhammad Musa———$321,084$321,594$151,593
Donella Rapier—$314,354$315,000$314,440$306,998$301,918
Lindsay Coates———$240,462$282,461$268,722
Daniel Stoner$255,896$235,559$228,500$204,683$193,411$132,181
Julia Roberts$234,961—————
Sharad Aggarwal$110,745$195,540$194,461$175,782$170,252$157,158
Devon McLorg$154,563$141,541$140,050$123,512$112,059$101,398
Catherine Brandli$146,897—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises awareness and educates the public about global poverty solutions to increase support for effective development programs.

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Provided by the organization

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3 programs · $20.0M · in their own filed words · FY2024
01

Grantmaking

To support brac's new and ongoing initiatives, brac usa awards grants to brac programs with the funds it raises from external donors. Grant awards support a strategic agenda based on priorities agreed upon by brac and brac usa.

$17.8Mprogram expense
02

Strategic Program Services

Brac usa supports brac's efforts to innovate, pilot, grow, and scale health, education, youth empowerment, agriculture, livelihood development, microfinance and other programs. This includes enabling access to capital and other resources, providing technical assistance and program support, setting up internal systems and processes for…

$1.6Mprogram expense
03

Communications & Outreach

Brac usa strives to increase awareness about brac's programs and activities in the united states, canada, and globally. We help to educate the public about challenges facing people in poverty worldwide and effective solutions to support them.

$652Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$11K
Grants paid · 1 grant · $250K · 2020–2020
The World BankFY2020$250,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$22.7M
Ln 12
Gifts and grantsLn 1h$19.7M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$612K
Money outPt IX
$23.4M
Ln 25
Programscol B$20.0M
Managementcol C$2.1M
Fundraisingcol D$1.3M
Owns and owesPt X
$12.6M
net assets · Ln 32
Cash and savingsLn 1–2$38.6M
Total assetsLn 16$49.7M
LiabilitiesLn 26$37.1M
PeoplePt VI, VII
22
listed · VII A
PaidVII A10
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.7M
Government grantsLn 1e$3.6M
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$193K
Investment incomeLn 3$2.2M
Other incomeLn 4–11$612K
Gains on assetsLn 7$469K
Total revenueLn 12$22.7M
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$38.6M
Cash and savings togetherLn 1–2$38.6M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$0
Total assetsLn 16$49.7M
LiabilitiesLn 26$37.1M
Net assetsLn 32$12.6M
OperationsPt I, VI
EmployeesI 540
VolunteersI 613
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 FY25End FY25
Cash and savingsLn 1–2$38.8M$38.6M
Land, buildings, equipmentLn 10c$13K$2K
Total assetsLn 16$52.7M$49.7M
LiabilitiesLn 26$39.0M$37.1M
Net assetsLn 32$13.7M$12.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$17.8M$17.8M
Pay of current officers, directors and key staffLn 5$797K$24K$652K$121K
Other salaries and wagesLn 7$2.2M$1.1M$272K$867K
Pension plan contributionsLn 8$90K$49K$11K$31K
Other employee benefitsLn 9$269K$64K$159K$46K
Payroll taxesLn 10$244K$80K$99K$65K
Legal feesLn 11b$254$254
Accounting feesLn 11c$297K$297K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$549K$522K$27K
Advertising and promotionLn 12$216K$193K$19K$4K
Office expensesLn 13$28K$2K$22K$4K
Information technologyLn 14$245K$98K$114K$32K
OccupancyLn 16$201K$5K$192K$3K
TravelLn 17$237K$118K$73K$46K
Conferences, conventions and meetingsLn 19$20K$4K$8K$8K
InterestLn 20$42$42
Depreciation, depletion and amortizationLn 22$11K$4K$3K$4K
InsuranceLn 23$32K$12K$11K$10K
Other expenses (24a–d)Ln 24$210K$15K$121K$75K
Total functional expensesLn 25$23.4M$20.0M$2.1M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $22.7M$23.4M−$694K$12.6M 990 PDF
FY2024 $14.9M$16.8M−$1.8M$13.7M 990 PDF
FY2023 $15.4M$17.5M−$2.1M$14.8M 990 PDF
FY2022 $45.8M$49.8M−$4.0M$16.3M 990 PDF
FY2021 $26.1M$67.5M−$41.4M$21.2M 990 PDF
FY2020 $73.5M$21.9M$51.6M$62.6M 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 FY2025 990 (6 parts)
Part I · Summary $22,714,537 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,455,228$19,681,638
I-9 Program service revenuePrior year $370,312$193,360
I-10 Investment incomePrior year $876,032$2,227,327
I-11 Other revenuePrior year $211,639$612,212
I-12 Total revenuePrior year $14,913,211$22,714,537
I-13 Grants and similar amounts paidPrior year $12,305,143$17,754,878
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,687,474$3,604,282
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,762,617$2,048,906
I-18 Total expensesPrior year $16,755,234$23,408,066
I-19 Revenue less expensesPrior year −$1,842,023−$693,529
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $22,714,537 across 9 lines filed
VIII-1e Government grants$3,633,125
VIII-1f All other contributions, gifts and grants$16,048,513
VIII-1g Noncash contributions (included above)$1,089,032
VIII-1h Total contributions, gifts and grants$19,681,638
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $193,360$193,360
VIII-3 Investment incomeExcluded from tax $1,758,464$1,758,464
VIII-7 Net gain or loss on sales of assetsExcluded from tax $468,863$468,863
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $612,212$612,212
VIII-12 Total revenueRelated to mission $193,360 · Unrelated business $0 · Excluded from tax $2,839,539$22,714,537
Part IX · Statement of functional expenses $23,408,066 across 20 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $17,754,878$17,754,878
IX-5 Pay of current officers, directors and key staffPrograms $23,670 · Management $652,449 · Fundraising $121,063$797,182
IX-7 Other salaries and wagesPrograms $1,065,799 · Management $271,990 · Fundraising $867,287$2,205,076
IX-8 Pension plan contributionsPrograms $48,522 · Management $10,752 · Fundraising $30,577$89,851
IX-9 Other employee benefitsPrograms $63,641 · Management $158,745 · Fundraising $46,249$268,635
IX-10 Payroll taxesPrograms $80,015 · Management $98,566 · Fundraising $64,957$243,538
IX-11b Legal feesManagement $254$254
IX-11c Accounting feesManagement $297,353$297,353
IX-11f Investment management feesManagement $1,008$1,008
IX-11g Other fees for servicesPrograms $522,340 · Management $27,110$549,450
IX-12 Advertising and promotionPrograms $192,611 · Management $19,302 · Fundraising $4,252$216,165
IX-13 Office expensesPrograms $2,026 · Management $22,151 · Fundraising $4,266$28,443
IX-14 Information technologyPrograms $98,195 · Management $114,215 · Fundraising $32,329$244,739
IX-16 OccupancyPrograms $5,231 · Management $192,460 · Fundraising $3,178$200,869
IX-17 TravelPrograms $117,886 · Management $72,893 · Fundraising $46,193$236,972
IX-19 Conferences, conventions and meetingsPrograms $4,248 · Management $7,703 · Fundraising $7,779$19,730
IX-20 InterestManagement $42$42
IX-22 Depreciation, depletion and amortizationPrograms $4,270 · Management $3,369 · Fundraising $3,765$11,404
IX-23 InsurancePrograms $11,543 · Management $10,740 · Fundraising $10,178$32,461
IX-24 Other expenses (24a–d)Programs $14,639 · Management $120,606 · Fundraising $74,771$210,016
IX-25 Total functional expensesPrograms $20,009,514 · Management $2,081,708 · Fundraising $1,316,844$23,408,066
Part X · Balance sheet $49,734,461 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $729$16,775
X-2 Savings and temporary cash investmentsStart of year $38,757,055$38,601,977
X-3 Pledges and grants receivableStart of year $11,615,415$10,181,152
X-4 Accounts receivableStart of year $1,508,091$914,034
X-9 Prepaid expenses and deferred chargesStart of year $37,211$18,774
X-10c Land, buildings and equipment, netStart of year $13,153$1,749
X-15 Other assetsStart of year $124,773$0
X-16 Total assetsStart of year $52,690,790$49,734,461
X-17 Accounts payable and accrued expensesStart of year $1,717,982$2,117,587
X-18 Grants payableStart of year $37,110,115$35,020,377
X-25 Other liabilitiesStart of year $143,930$0
X-26 Total liabilitiesStart of year $38,972,027$37,137,964
X-27 Net assets without donor restrictionsStart of year $8,786,256$8,650,668
X-28 Net assets with donor restrictionsStart of year $4,932,507$3,945,829
X-32 Total net assets or fund balancesStart of year $13,718,763$12,596,497
X-33 Total liabilities and net assetsStart of year $52,690,790$49,734,461
Part XI · Reconciliation of net assets $12,596,497 net assets at year end
XI-1 Total revenue$22,714,537
XI-2 Total expenses$23,408,066
XI-3 Revenue less expenses−$693,529
XI-4 Net assets at start of year$13,718,763
XI-5 Net unrealized gains (losses) on investments−$428,737
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,596,497

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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