Brcc Fund EIN 86-3269131

Brcc Fund FY2023 filing

Not yet claimed Claim this org →

Supports veterans, first responders, and families through outdoor conservation and inspiring programs. For fiscal year 2023 it reported $3.5M in revenue, $395K in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Salt Lake Cty, UT
Website
www.brccfund.org
Filings
4 on file (2021–2023)
Revenue
$3.5MFY2023
Expenses
$395K
Net assets
$1.9M
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-3269131 Public charity (501(c)(3)) Salt Lake Cty, UT
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Brcc Fund claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Supports veterans, first responders, and families through outdoor conservation and inspiring programs.
Leadership
Mat Best · Director
Money in and out
$3.5M revenue, $395K expenses
Bottom line
95% program efficiency
Where the money goes · FY2023
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.1M
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Surplus margin
+89%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$3.5M
FY2023▲ +774%
Expenses
$395K
FY2023▲ +6%
Total assets
$1.9M
FY2023▲ ×33
Total liabilities
$0
FY2023
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.1M
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $375K of program spending, described in the organization's own filed words · FY2023.
01

The fund help aid veteran's causes throughout the country by donating 172,030 directly to organization's provided goods or services to veterans.

$375Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrcc Fund
EINHdr · item D86-3269131
Principal addressHdr · item CSalt Lake Cty, UT
WebsiteHdr · item Jwww.brccfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Brcc Fund executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$3.5M
Total revenueLn 12$3.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$375K
Management & general5%$20K
Total functional expensesLn 25$395K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.9M
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses (Pt IX) $395K · Less non-cash grants $3.3M · Cash operating expenses/yr $-2.9M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $375K · Total expenses $395K
95%
Management & General
Management & general $20K · Total expenses $395K
5%
Fundraising
Fundraising $0 · Total expenses $395K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.5M · Total revenue $3.5M
100%
Government reliance
Government grants — · Total revenue $3.5M
Earned-income share
Program service revenue $0 · Total revenue $3.5M
0%
Investment reliance
Investment income $0 · Total revenue $3.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $395K
0%
Growth & trend
Revenue growth (YoY)
This year $3.5M · Prior year $400K
+774%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.5M · Expenses $395K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
93%
People & payroll
Highest Reported Total Compensation
Individual Mat Best · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $395K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $395K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 774%
Legal fee ratio 16%

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
Total grants receivedfrom 2 funders$26K
Grants paid · 48 grants · $1.3M · 2021–2024
Hunter Seven FoundationRI · FY2024$125,000
Rescue 22 Foundation INCFL · FY2024$75,000
Special Forces FoundationTX · FY2024$60,000
The Honor Foundation INCCA · FY2024$50,000
Folded Flag Foundation INCFL · FY2024$50,000
Big Fish FoundationCO · FY2024$50,000
All Secure Foundation INCMO · FY2024$35,000
Warrior RisingUT · FY2024$25,000
Veteran Golfers AssociationNC · FY2024$25,000
The Rosie Network INCCA · FY2024$25,000
Task Force Dagger FoundationFL · FY2024$25,000
Operation Homefront INCTX · FY2024$25,000
Operation Healing Forces INCFL · FY2024$25,000
Merging Vets and Players INCNV · FY2024$25,000
Folds of Honor FoundationOK · FY2024$25,000
See all 48 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Brcc Fund →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 (Latest)$1.0M revenue · ⤓ 990 PDF
FY2023$3.5M revenue · viewing · ⤓ 990 PDF
FY2022$400K revenue · ⤓ 990 PDF
FY2021$269K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.