Braination INC EIN 74-2869255

Braination INC FY2024 filing

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Educates and reintegrates at-risk K-12 students into schools and society. For fiscal year 2024 it reported $13.3M in revenue, $13.8M in expenses, and $19.2M in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Education
Location
San Antonio, TX
Website
braination.net
Filings
5 on file (2020–2024)
Revenue
$13.3MFY2024
Expenses
$13.8M
Net assets
$19.2M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2869255 Public charity (501(c)(3)) San Antonio, TX Founded 1999
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/20/26 · see original: IRS
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Size
$10–100M
What they do
Educates and reintegrates at-risk K-12 students into schools and society.
Leadership
Dr Kenneth Whitt · Superintendent · $187K
Money in and out
$13.3M revenue, $13.8M expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$13.3M
Pt VIII · Ln 12
Total expenses
$13.8M
Pt IX · Ln 25
Net assets
$19.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$446K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs
Operating runway
28.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$13.3M
FY2024▼ -1%
Expenses
$13.8M
FY2024▼ -6%
Total assets
$60.1M
FY2024▲ +97%
Total liabilities
$40.9M
FY2024▲ +279%
Total revenue
$13.3M
Pt VIII · Ln 12
Total expenses
$13.8M
Pt IX · Ln 25
Net assets
$19.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$446K
Total assetsPt X · Ln 16$60.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $11.9M of program spending, described in the organization's own filed words · FY2023.
01

Operated a public charter school for kindergarten through 12TH grade. At the end of the fiscal year, the charter had 6 campuses and served approximately 800 students.

$11.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBraination INC
EINHdr · item D74-2869255
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jbraination.net
Year of formationHdr · item L1999
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25)
Ruling yearIRS BMFJun 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Superintendent
$186,536Pt VII · Sec A
$178,880Pt VII · Sec A
Assistant Superintendent
$126,299Pt VII · Sec A
Director of Academic Programs
$118,625Pt VII · Sec A
Executive Dir of Special Programs
$118,300Pt VII · Sec A
$111,515Pt VII · Sec A
Director of Technology
$107,773Pt VII · Sec A
CFO (thru 2/2024)
$98,354Pt VII · Sec A

Jennifer Trinidad Rower’s $177K as CEO is at the 27th percentile of top reported officer pay among 3682 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Kenneth Whitt$186,536$177,207$185,289$151,508$149,057
Jennifer Trinidad Rower$176,534$178,880$175,737$177,956$150,614$150,612
Bruce C Rockstroh$118,580$177,029
Justin L Johnston$147,598$126,299$118,609$115,323
Ymelda Y Y'Herrera$126,710$128,175
Ymelda Y'Herrera$119,079$118,457
Gwyn K Rollins$118,625$116,265$114,577$101,891
Alethea R Phillips$116,684$118,300$114,070$115,774$108,281$101,530

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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Statement of Revenue

Part VIII
Contributions & grants$12.4M · 93%
Program service revenue$595K · 4%
Investment income$300K · 2%
Contributions & grants93%$12.4M
Program service revenue4%$595K
Investment income2%$300K
— government grantsLn 1e$12.2M
Total revenueLn 12$13.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$11.9M
Management & general14%$1.9M
Total functional expensesLn 25$13.8M

Balance Sheet

Part X · end of year
CashLn 1$33.1M
Total assetsLn 16$60.1M
Total liabilitiesLn 26$40.9M
Total net assetsLn 32$19.2M
Months of cash on handcomputed28.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $33.1M · Operating expenses/yr $13.8M
28.8 months
Where the money goes
Program services
Program services $11.9M · Total expenses $13.8M
86%
Management & General
Management & general $1.9M · Total expenses $13.8M
14%
Fundraising
Fundraising $0 · Total expenses $13.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $397K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $12.4M · Total revenue $13.3M
93%
Government reliance
Government grants $12.2M · Total revenue $13.3M
92%
Earned-income share
Program service revenue $595K · Total revenue $13.3M
4%
Investment reliance
Investment income $300K · Total revenue $13.3M
+2%
Program self-sufficiency
Program service revenue $595K · Total expenses $13.8M
4%
Growth & trend
Revenue growth (YoY)
This year $13.3M · Prior year $13.5M
-1%
Revenue CAGR
FY2019 $18.2M · FY2023 $13.3M
-8%
Net-asset trend (YoY)
End of year $19.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13.3M · Expenses $13.8M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $60.1M
Net-asset ratio
Net assets $19.2M · Total assets $60.1M
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $60.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Kenneth Whitt · Reported title SUPERINTENDENT · Highest reported compensation $187K · Total expenses $13.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.0M · Total expenses $13.8M
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth -1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
50can INCFY2024$276K
Charter Fund INCFY2024$200K
Total grants receivedfrom 3 funders$478K
See all 3 funders →
Grants paid · 2 grants · $1.3M · 2022–2023
Braination FoundationTX · FY2023$190,000
Braination FoundationTX · FY2022$1,100,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$13.3M revenue · viewing · ⤓ 990 PDF
FY2023$13.5M revenue · ⤓ 990 PDF
FY2022$13.8M revenue · ⤓ 990 PDF
FY2021$17.1M revenue · ⤓ 990 PDF
FY2020$18.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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