Civic Intelligence

Braven Incorporated

EIN 46-4340594 • 501(c)3 • Chicago, IL

Profile

Braven's mission is to equip promising college students with the skills, networks, confidence, and experience necessary to transition from college to strong economic opportunities, which lead to meaningful careers and lives of impact.

100 N LA Salle St 310Chicago, IL 60602-2406

bebraven.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.06x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

28th percentile

0.11x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$420,822

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

9th percentile

-27%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$49,811,137

Up $6,759,255 (+16%) from 2023

Liabilities

Down

$3,229,516

Down $7,786 (-0.2%) from 2023

Net Assets

Up

$46,581,621

Up $6,767,041 (+17%) from 2023

Revenue

Down

$28,174,170

Down $2,665,065 (-8.6%) from 2023

Expenses

Up

$33,562,770

Up $15,956,603 (+91%) from 2023

Net Income

Down

-$5,388,600

Down $18,621,668 (-141%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2015: $1,130,018Liabilities 2015: $167,897Net Assets 2015: $962,1212015Assets 2016: $1,972,648Liabilities 2016: $94,561Net Assets 2016: $1,878,0872016Assets 2017: $2,526,434Liabilities 2017: $91,436Net Assets 2017: $2,434,9982017Assets 2018: $3,698,726Liabilities 2018: $192,081Net Assets 2018: $3,506,6452018Assets 2019: $12,983,166Liabilities 2019: $346,409Net Assets 2019: $12,636,7572019Assets 2020: $13,022,781Liabilities 2020: $1,258,374Net Assets 2020: $11,764,4072020Assets 2021: $18,157,055Liabilities 2021: $1,493,857Net Assets 2021: $16,663,1982021Assets 2022: $27,218,769Liabilities 2022: $637,257Net Assets 2022: $26,581,5122022Assets 2023: $43,051,882Liabilities 2023: $3,237,302Net Assets 2023: $39,814,5802023Assets 2025: $49,811,137Liabilities 2025: $3,229,516Net Assets 2025: $46,581,6212025

Highlighted filing

2025

Assets$49,811,137
Liabilities$3,229,516
Net Assets$46,581,621

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2015: $3,692,706Expenses 2015: $2,730,585Net Income 2015: $962,1212015Revenue 2016: $3,057,355Expenses 2016: $2,141,389Net Income 2016: $915,9662016Revenue 2017: $3,156,480Expenses 2017: $2,599,569Net Income 2017: $556,9112017Revenue 2018: $4,953,535Expenses 2018: $3,881,888Net Income 2018: $1,071,6472018Revenue 2019: $14,311,409Expenses 2019: $5,181,297Net Income 2019: $9,130,1122019Revenue 2020: $6,569,176Expenses 2020: $7,441,526Net Income 2020: -$872,3502020Revenue 2021: $13,085,158Expenses 2021: $8,186,367Net Income 2021: $4,898,7912021Revenue 2022: $22,362,245Expenses 2022: $12,443,931Net Income 2022: $9,918,3142022Revenue 2023: $30,839,235Expenses 2023: $17,606,167Net Income 2023: $13,233,0682023Revenue 2025: $28,174,170Expenses 2025: $33,562,770Net Income 2025: -$5,388,6002025

Highlighted filing

2025

Revenue$28,174,170
Expenses$33,562,770
Net Income-$5,388,600

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 14, 2026
Return Version
2024v5.5
Gross Receipts
$28,174,170
Mission and Program Overview

Mission

Braven's mission is to equip promising college students with the skills, networks, confidence, and experience necessary to transition from college to strong economic opportunities, which lead to meaningful careers and lives of impact.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$22,113,912$18,806,417▼ $3,307,495
Investments in Publicly Traded Securities$6,970,076$10,619,457▲ $3,649,381
Pledges and Grants Receivable$14,834,097$10,466,179▼ $4,367,918
Cash and Non-Interest-Bearing Accounts$7,525,351$5,575,989▼ $1,949,362
Prepaid Expenses and Deferred Charges$790,854$1,031,739▲ $240,885
Accounts Receivable$694,743$519,400▼ $175,343
Land, Buildings, and Equipment, Net$405,803$385,679▼ $20,124
Total Assets$56,265,884$49,811,137▼ $6,454,747
Other Assets Total$2,931,048$2,406,277▼ $524,771
Liabilities
Other Liabilities$3,074,507$2,073,611▼ $1,000,896
Accounts Payable and Accrued Expenses$1,124,756$1,059,855▼ $64,901
Deferred Revenue$96,400$96,050▼ $350
Total Liabilities$4,295,663$3,229,516▼ $1,066,147
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,930,019$27,913,523▼ $1,016,496
Net Assets With Donor Restrictions$23,040,202$18,668,098▼ $4,372,104
Total Net Assets Fund Balance$51,970,221$46,581,621▼ $5,388,600
Total Liabilities and Net Assets / Fund Balance$56,265,884$49,811,137▼ $6,454,747

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$335,994$183,689$519,683
Leasehold Improvements$10,491$74,749$85,240
Other Land Buildings$39,194$40,389$79,583
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aimee Eubanks DavisChief Executive OfficerFT$374,045$46,777$420,822
Rakesh DuggiralaChief Strategy OfficerFT$296,345$41,132$337,477
Moon LeeChief Technology OfficerFT$304,299$30,779$335,078
Lorraine AndersonChief External Affairs OfficerFT$289,388$44,165$333,553
Laniesha SandersChief Product OfficerFT$238,332$26,573$264,905
Ali KarbassiSr Dir, Software EngineeringFT$223,340$36,543$259,883
Courtney DubinSr Dir, Digital Product MgmtFT$213,895$28,777$242,672
Edward HerreraChief Finance & Operating OfficerFT$219,359$23,097$242,456
Che WatkinsExecutive DirectorFT$203,980$18,391$222,371
Diana PhuongExecutive DirectorFT$189,436$22,745$212,181
Matthew StieglitzSecretary/general CounselFT$188,692$9,941$198,633

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Toptal LLCIt Service Management Consultants2810 NORTH CHURCH STREET 36879, Wilmington, DE 19802$446,945
100 Nl Acquisition LLCFacilitity LeasePO BOX 85691, Minneapolis, MN 55485$308,462
Cdw Direct LLCIt Technology ServicesPO BOX 75723, Chicago, IL 60675$233,263
O PracticeCareer Coaching1474 S PRAIRIE AVE UNIT B, Chicago, IL 60605$209,964
Michael David MetzgerData Analysis Services140 EAST RIO SALADO PARKWAY UNIT 6, Tempe, AZ 85281$165,970
Revenue and Support

Revenue Composition

Contributions and Grants
$25,203,898
Program Service Revenue
$1,763,702
Investment Income
$1,206,570
Other Revenue
$0
All Other Contributions
$25,203,898
Change in Net Assets
$-5,388,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,174,170
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,742,720
Total Revenue per Audited Statements
$31,916,890
Total Revenue per Form 990
$28,174,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,224,381
Other Expenses$9,338,389
Total Fundraising Expense$3,352,615
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,966,279$1,174,667$2,004,042$18,144,988
Travel$1,724,619$95,645$297,414$2,117,678
Other Employee Benefits$1,629,693$157,614$232,019$2,019,326
Information Technology$1,868,699$56,153$62,084$1,986,936
Current Officers, Directors, Trustees, and Key Employees$1,067,502$376,017$278,683$1,722,202
Fees for Services Other$1,544,468$25,827$91,802$1,662,097
Payroll Taxes$1,239,801$119,906$176,510$1,536,217
Occupancy$1,044,001$46,475$32,477$1,122,953
Pension Plan Contributions$646,969$62,570$92,109$801,648
Advertising$442,211$18,992$36,856$498,059
Office Expenses$405,479$13,557$13,693$432,729
Other Expenses$340,030--$340,030
Fees for Services Accounting$156,959$135,992$6,996$299,947
Fees for Services Legal$252,949$11,293$7,892$272,134
Conferences and Meetings$213,432$8,662$8,011$230,105
Insurance$140,793$7,645$5,022$153,460
Depreciation Depletion$117,157$5,231$3,655$126,043
All Other Expenses$89,246$3,622$3,350$96,218
Total Functional Expenses$27,890,287$2,319,868$3,352,615$33,562,770

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$37,305,490
Expenses per Audited Statements$33,562,770
Total Expenses per Form 990$33,562,770
Expenses Not Reported on Form 990$3,742,720
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$2,038,202
Finance Lease Liabilities$35,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed by the vp, finance and the chief executive officer and provided to the members of the governing body before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

All board members disclose and sign a conflict of interest policy annually. Any potential conflicts are reviewed at the board level. A director or officer with a conflict of interest is prohibited from participating in deliberations and decisions regarding the transaction.

Form 990, Part VI, Section B, Line 15

The organization's board of directors determined the ceo's compensation using data on compensation paid by comparable organizations for similar services. The compensation is reviewed on an annual basis at the end of the fiscal year. The organization's management determined the key employee's compensation using outside benchmarking based upon cost of labor by region.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Braven Inc
EIN
46-4340594
Phone
7733168013
Address
100 N LA SALLE ST 310, CHICAGO, IL 60602-2406

Signing Officer

Name
Aimee Eubanks Davis
Title
Founder and CEO
Phone
7733168013
Signed
2026-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aimee Eubanks Davis
Formed
2013
Legal Domicile
De
Voting Board Members
14
Independent Board Members
13
Employees
0
Volunteers
2,600

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 3, NEW YORK, NY 10169-0005
Preparer
Yigit Uctum CPA
Phone
2125511724
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

Braven's mission is to equip promising college students with the skills, networks, confidence, and experience necessary to transition from college to strong economic opportunities, which lead to meaningful careers and lives of impact.

FORM 990, PART III, LINE 4A:

Braven supports untapped students from college to career by partnering with institutions of higher ed and employers to offer a two-part experience that begins with a credit-bearing college course followed by a post-course experience that lasts through graduation. Fellows emerge from braven with the skills, confidence, experiences and networks they need to land a strong first job and get on a path to economic freedom. Braven also delivers bravenx, a stipend-based program outside of institutes of higher ed, with the goal of extending the critical work of college success organizations and charter high schools into strong career outcomes after college. By partnering with such organizations, braven helps ensure that their alumni not only graduate, enroll and persist in college, but also build the foundation for a lifelong career path. Bravenx is identical in content and cohort structure as our core product, the higher ed model. In lieu of academic credit, bravenx fellows earn a financial stipend upon completion of the program.

FORM 990, PART V, LINE 2A:

Braven leases employees from a professional employment organization, trinet. The employees are considered common law employees of braven, however, trinet is the employer of record and employees get their w2s from trinet.

Raw XML AppendixShowing 400 of 804 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH THOMPSON
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IRS990/Form990PartVIISectionAGrp/PersonNm9ROGER ARRIEUX
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IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN COZZI
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCE & OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY/GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF EXTERNAL AFFAIRS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF PRODUCT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF STRATEGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19SR DIR, SOFTWARE ENGINEERING
IRS990/Form990PartVIISectionAGrp/TitleTxt20SR DIR, DIGITAL PRODUCT MGMT
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IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
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IRS990/MissionDesc0BRAVEN'S MISSION IS TO EQUIP PROMISING COLLEGE STUDENTS WITH THE SKILLS, NETWORKS, CONFIDENCE, AND EXPERIENCE NECESSARY TO TRANSITION FROM COLLEGE TO STRONG ECONOMIC OPPORTUNITIES, WHICH LEAD TO MEANINGFUL CAREERS AND LIVES OF IMPACT.
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