Braveco FY2023 filing

Religious organization Redding, CA Since 2021 EIN 85-2414432 NTEE X20
Revenue
$316K
▼ -27%
FY2023 · Pt VIII · Ln 12
Expenses
$305K
▼ -32%
FY2023 · Pt IX · Ln 25
Net assets
$73K
FY2023 · Pt X · Ln 32
To programs
86%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2021–FY2025
Revenue
$316K
FY2023▼ -27%
Expenses
$305K
FY2023▼ -32%

Helps men find wholeness, purpose, and brotherhood through faith and life guidance.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Fidelity Investments Charitable Gift Fund
$80K in the latest grant year. Details →
Spent on programs?
86% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↓ -27% vs prior year Details →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Helps men find wholeness, purpose, and brotherhood through faith and life guidance.

Founded
2021
Type
Religious organization · Religion
Location
Redding, CA
Filings
5 on file (2021–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.07 Fundraising $0.06
Program efficiency
86%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$70K
FY2023▲ +12%
Total liabilities
$-3K
FY2023▼ -694%
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$70K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBraveco
EINHdr · item D85-2414432
Principal addressHdr · item CRedding, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFSep 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A

Jason Vallotton’s $97K as CEO is at the 88th percentile of top reported officer pay among 2133 $100K–1M religion 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $263K of program spending, described in the organization's own filed words · FY2023.
01

BraveCo is a group of men in pursuit of wholeness, purpose, and brotherhood guided on a strategic path to get connected to God, gain traction in their life, and become confident in their God-given manhood.

$263Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$175K · 55%
Contributions & grants$153K · 49%
Program service revenue55%$175K
Contributions & grants49%$153K
Total revenueLn 12$316K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.07 Fundraising $0.06
Program services86%$263K
Management & general7%$23K
Fundraising6%$19K
Total functional expensesLn 25$305K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$70K
Total liabilitiesLn 26$-3K
Total net assetsLn 32$73K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $305K
2.8 months
Where the money goes
Program services
Program services $263K · Total expenses $305K
86%
Management & General
Management & general $23K · Total expenses $305K
7%
Fundraising
Fundraising $19K · Total expenses $305K
6%
Cost to raise $1
Fundraising expense (2-yr avg) $10K · Solicited contributions (2-yr avg) $174K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $153K · Total revenue $316K
49%
Government reliance
Government grants — · Total revenue $316K
—
Earned-income share
Program service revenue $175K · Total revenue $316K
55%
Investment reliance
Investment income $0 · Total revenue $316K
0%
Program self-sufficiency
Program service revenue $175K · Total expenses $305K
57%
Growth & trend
Revenue growth (YoY)
This year $316K · Prior year $430K
-27%
Net-asset trend (YoY)
End of year $73K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $316K · Expenses $305K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $70K
—
Net-asset ratio
Net assets $73K · Total assets $70K
104%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $70K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jason Vallotton · Reported title CEO · Highest reported compensation $0 · Total expenses $305K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $83K · Total expenses $305K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 7%——
Fundraising cost ratio 12%——
Revenue growth -27%——
Accounting fee ratio 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$80K

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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
FY2025 (Latest)$696K revenue · ⤓ 990 PDF
FY2024$337K revenue · ⤓ 990 PDF
FY2023$316K revenue · viewing · ⤓ 990 PDF
FY2022$430K revenue · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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