Ron Brown Scholar Fund FY2020 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

The mission of the Ron Brown Scholar Program is to accelerate the progress of African Americans into the mainstream of leadership in business, education, government, and a wide spectrum of professions while instilling a strong dedication to leadership and public service.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1832314) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$259K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $573K a year · 12% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$259K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
4.8 mo
of spending, in cash
Plus $21.1M in investments, Pt X · Ln 11–13
4.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $784K
18 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$831K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
20
of 21 voting members
20 of 21 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.3M
Spent
$2.6M
To programs
72%
Net assets
$21.6M
By yearFY2020–FY2024
Revenue
$4.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$7.7M
FY2022$3.6M
FY2023$3.4M
FY2024$4.1M
Expenses
$2.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$3.2M
FY2022$4.0M
FY2023$4.9M
FY2024$5.6M
Net assets
$21.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$21.6M
FY2021$24.2M
FY2022$19.6M
FY2023$20.7M
FY2024$20.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.9M Management & general 11% · $285K Fundraising 17% · $452K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $259K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$259,429Pt VII · Sec A
Trusteechairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Assist. Secretary
$0Pt VII · Sec A

Michael a Mallory’s $379K as President & CEO is at the 98th percentile of top reported officer pay among 3395 $1–10M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael a Mallory$379,100$329,600$310,353$298,344$259,429
Vanessa Evans——$228,613——

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.

See Ron Brown Scholar Fund executive salaries →

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

Empowers African Americans for leadership roles in business, education, government, and professions.

Questions for Ron Brown Scholar Fund

Tap to ask. Ron Brown Scholar Fund sees how many people are interested.

Your first name shows with your question. Ron Brown Scholar Fund answers here, for everyone.

1 program · $1.9M · in their own filed words · FY2020
01

Scholarship Grants

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-1832314) · Dispute this line
$1.9Mprogram 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 · FY2024
See all 18 funders →
Grants paid · 25 grants · $8.0M · 2020–2024
Unitemized GrantFY2024$2,190,000
Unitemized GrantFY2024$26,874
Unitemized GrantFY2024$24,716
Unitemized GrantFY2024$20,000
Unitemized GrantFY2024$11,847
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$6,000
Unitemized GrantFY2024$576
Unitemized GrantFY2023$1,961,915
Unitemized GrantFY2023$20,000
Unitemized GrantFY2023$11,557
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$9,576
Unitemized GrantFY2023$1,189
Unitemized GrantFY2022$1,452,706
Unitemized GrantFY2022$29,425
Unitemized GrantFY2022$29,048
Unitemized GrantFY2022$10,787
See all 25 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$624K
Other incomeLn 4–11$207K
Money outPt IX
$2.6M
Ln 25
Programscol B$1.9M
Managementcol C$285K
Fundraisingcol D$452K
Owns and owesPt X
$21.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$22.5M
LiabilitiesLn 26$831K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$206K
Investment incomeLn 3$624K
Other incomeLn 4–11$207K
Gains on assetsLn 7$64K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$969K
Cash and savings togetherLn 1–2$1.1M
Pledges and grants receivableLn 3$368K
InvestmentsLn 11–13$21.1M
Total assetsLn 16$22.5M
LiabilitiesLn 26$831K
Net assetsLn 32$21.6M
OperationsPt I, VI
EmployeesI 528
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$460K$1.1M
InvestmentsLn 11–13$18.8M$21.1M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$19.4M$22.5M
LiabilitiesLn 26$670K$831K
Net assetsLn 32$18.7M$21.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$713K$713K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$259K$104K$52K$104K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$849K$602K$91K$156K
Pension plan contributionsLn 8$34K$24K$4K$6K
Other employee benefitsLn 9$130K$92K$14K$24K
Payroll taxesLn 10$72K$51K$8K$13K
Management feesLn 11a$0
Legal feesLn 11b$110$78$12$20
Accounting feesLn 11c$68K$48K$7K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$66K$47K$7K$12K
Other fees for servicesLn 11g$43K$13K$26K$3K
Advertising and promotionLn 12$5K$5K$34$58
Office expensesLn 13$11K$8K$1K$2K
Information technologyLn 14$79K$54K$25K
RoyaltiesLn 15$0
OccupancyLn 16$41K$29K$4K$7K
TravelLn 17$95K$23K$2K$70K
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$154$263
Other expenses (24a–d)Ln 24$108K$56K$31K$21K
All other expensesLn 24e$58K$26K$12K$20K
Total functional expensesLn 25$2.6M$1.9M$285K$452K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $4.1M$5.6M−$1.5M$20.5M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $3.4M$4.9M−$1.5M$20.7M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $3.6M$4.0M−$358K$19.6M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $7.7M$3.2M$4.6M$24.2M 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $4.3M$2.6M$1.6M$21.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $4,268,717 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,461,152$3,438,405
I-9 Program service revenue$0
I-10 Investment incomePrior year $677,777$623,612
I-11 Other revenuePrior year $117,262$206,700
I-12 Total revenuePrior year $2,256,191$4,268,717
I-13 Grants and similar amounts paidPrior year $865,380$712,845
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,350,542$1,345,112
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $956,159$574,605
I-18 Total expensesPrior year $3,172,081$2,632,562
I-19 Revenue less expensesPrior year −$915,890$1,636,155
Part VI · Governance 20 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members20
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 $4,268,717 across 10 lines filed
VIII-1e Government grants$206,400
VIII-1f All other contributions, gifts and grants$3,232,005
VIII-1h Total contributions, gifts and grants$3,438,405
VIII-3 Investment incomeExcluded from tax $559,325$559,325
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $64,287$64,287
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $82,500 · Unrelated business $7,542 · Excluded from tax $116,658$206,700
VIII-12 Total revenueRelated to mission $82,500 · Unrelated business $7,542 · Excluded from tax $740,270$4,268,717
Part IX · Statement of functional expenses $2,632,562 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $712,845$712,845
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $103,772 · Management $51,886 · Fundraising $103,771$259,429
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $601,899 · Management $91,171 · Fundraising $155,888$848,958
IX-8 Pension plan contributionsPrograms $24,189 · Management $3,664 · Fundraising $6,265$34,118
IX-9 Other employee benefitsPrograms $92,379 · Management $13,993 · Fundraising $23,926$130,298
IX-10 Payroll taxesPrograms $51,266 · Management $7,765 · Fundraising $13,278$72,309
IX-11a Management fees$0
IX-11b Legal feesPrograms $78 · Management $12 · Fundraising $20$110
IX-11c Accounting feesPrograms $48,096 · Management $7,285 · Fundraising $12,457$67,838
IX-11d Lobbying fees$0
IX-11f Investment management feesPrograms $46,911 · Management $7,106 · Fundraising $12,150$66,167
IX-11g Other fees for servicesPrograms $12,861 · Management $26,256 · Fundraising $3,418$42,535
IX-12 Advertising and promotionPrograms $5,015 · Management $34 · Fundraising $58$5,107
IX-13 Office expensesPrograms $8,090 · Management $1,226 · Fundraising $2,095$11,411
IX-14 Information technologyPrograms $53,783 · Management $25,303$79,086
IX-15 Royalties$0
IX-16 OccupancyPrograms $28,777 · Management $4,359 · Fundraising $7,453$40,589
IX-17 TravelPrograms $22,902 · Management $1,526 · Fundraising $70,468$94,896
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 InsurancePrograms $1,015 · Management $154 · Fundraising $263$1,432
IX-24 Other expenses (24a–d)Programs $55,677 · Management $31,213 · Fundraising $20,620$107,510
IX-24e All other expensesPrograms $26,023 · Management $12,090 · Fundraising $19,811$57,924
IX-25 Total functional expensesPrograms $1,895,578 · Management $285,043 · Fundraising $451,941$2,632,562
Part X · Balance sheet $22,480,186 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $25,236$86,512
X-2 Savings and temporary cash investmentsStart of year $434,275$968,641
X-3 Pledges and grants receivableStart of year $140,000$367,500
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $18,777,716$21,057,533
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $19,377,228$22,480,186
X-17 Accounts payable and accrued expensesStart of year $48,134$47,603
X-18 Grants payableStart of year $621,798$732,781
X-25 Other liabilities$50,833
X-26 Total liabilitiesStart of year $669,932$831,217
X-27 Net assets without donor restrictionsStart of year $13,448,866$16,930,631
X-28 Net assets with donor restrictionsStart of year $5,258,430$4,718,338
X-32 Total net assets or fund balancesStart of year $18,707,296$21,648,969
X-33 Total liabilities and net assetsStart of year $19,377,228$22,480,186
Part XI · Reconciliation of net assets $21,648,969 net assets at year end
XI-1 Total revenue$4,268,717
XI-2 Total expenses$2,632,562
XI-3 Revenue less expenses$1,636,155
XI-4 Net assets at start of year$18,707,296
XI-5 Net unrealized gains (losses) on investments$1,323,602
XI-9 Other changes in net assets−$18,084
XI-10 Net assets at end of year$21,648,969

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.