Civic Intelligence

Ron Brown Scholar Fund Fka Cap Charitable Foundation USA

990 • Fiscal year 2015 • EIN 54-1832314

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization Profilewww.ronbrown.org

View Organization Page

1160 Pepsi PlaceCharlottesville, VA 22901

(434) 964-1588

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.18x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

86th percentile

32%

Higher net margin than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

65th percentile

$218,080

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

52nd percentile

1.5%

Faster asset growth than 52% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

33%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$16,002,167

Up $237,880 (+1.5%) from 2014

Net Assets

Up

$15,437,365

Up $153,280 (+1.0%) from 2014

Liabilities

Up

$564,802

Up $84,600 (+18%) from 2014

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin86th percentile

Revenue

Up

$3,086,391

Up $765,826 (+33%) from 2014

Expenses

Up

$2,104,550

Up $63,662 (+3.1%) from 2014

Net Income

Up

$981,841

Up $702,164 (+251%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2014: $15,764,287Liabilities 2014: $480,202Net Assets 2014: $15,284,0852014Assets 2015: $16,002,167Liabilities 2015: $564,802Net Assets 2015: $15,437,3652015Assets 2016: $16,517,718Liabilities 2016: $597,721Net Assets 2016: $15,919,9972016Assets 2017: $20,072,992Liabilities 2017: $604,945Net Assets 2017: $19,468,0472017Assets 2018: $17,914,915Liabilities 2018: $574,837Net Assets 2018: $17,340,0782018Assets 2019: $19,377,229Liabilities 2019: $669,933Net Assets 2019: $18,707,2962019Assets 2020: $22,480,186Liabilities 2020: $831,217Net Assets 2020: $21,648,9692020Assets 2021: $25,312,598Liabilities 2021: $1,110,902Net Assets 2021: $24,201,6962021Assets 2022: $20,903,741Liabilities 2022: $1,279,778Net Assets 2022: $19,623,9632022Assets 2023: $22,271,327Liabilities 2023: $1,598,994Net Assets 2023: $20,672,3332023Assets 2024: $22,795,225Liabilities 2024: $2,329,900Net Assets 2024: $20,465,3252024

Highlighted filing

2015

Assets$16,002,167
Liabilities$564,802
Net Assets$15,437,365
Open 2015 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $2,320,565Expenses 2014: $2,040,888Net Income 2014: $279,6772014Revenue 2015: $3,086,391Expenses 2015: $2,104,550Net Income 2015: $981,8412015Revenue 2016: $1,828,906Expenses 2016: $2,351,147Net Income 2016: -$522,2412016Revenue 2017: $7,472,850Expenses 2017: $2,517,780Net Income 2017: $4,955,0702017Revenue 2018: $2,999,492Expenses 2018: $3,078,891Net Income 2018: -$79,3992018Revenue 2019: $2,256,191Expenses 2019: $3,172,081Net Income 2019: -$915,8902019Revenue 2020: $4,268,717Expenses 2020: $2,632,562Net Income 2020: $1,636,1552020Revenue 2021: $7,712,005Expenses 2021: $3,157,728Net Income 2021: $4,554,2772021Revenue 2022: $3,637,027Expenses 2022: $3,994,789Net Income 2022: -$357,7622022Revenue 2023: $3,391,324Expenses 2023: $4,860,079Net Income 2023: -$1,468,7552023Revenue 2024: $4,117,367Expenses 2024: $5,614,112Net Income 2024: -$1,496,7452024

Highlighted filing

2015

Revenue$3,086,391
Expenses$2,104,550
Net Income$981,841
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.0
Gross Receipts
$4,448,053
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$15,284,085$15,437,365▲ $153,280
Investments in Publicly Traded Securities$13,524,562$12,617,777▼ $906,785
Savings and Temporary Cash Investments$1,025,941$2,359,037▲ $1,333,096
Pledges and Grants Receivable$876,145$640,063▼ $236,082
Investments Other Securities$277,442$281,382▲ $3,940
Cash and Non-Interest-Bearing Accounts$6,621$69,733▲ $63,112
Prepaid Expenses and Deferred Charges$16,000$18,000▲ $2,000
Land, Buildings, and Equipment, Net$17,903$11,502▼ $6,401
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$15,764,287$16,002,167▲ $237,880
Other Assets Total$19,673$4,673▼ $15,000
Liabilities
Other Liabilities$480,202$564,802▲ $84,600
Total Liabilities$480,202$564,802▲ $84,600
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,284,085$15,437,365▲ $153,280
Total Liabilities and Net Assets / Fund Balance$15,764,287$16,002,167▲ $237,880

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,502$40,770$52,272
Equipment-$49,265$49,265
Other Securities$24,951--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$14,027,855$232,771▼ $218,532$825,000$13,217,094
2014$13,498,246$230,980▲ $1,195,929$897,300$14,027,855
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael A MalloryPresidentFT$218,080$218,080
Vanessa M EvansAssociate DirectorFT$131,300$131,300

Board Members and Trustees

NameTitle
Jack LeslieTrusteeChairman
Kathy Thornton-BiasVice Chair
Christopher PilaroVice President
Norma BarfieldSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,344,971
Program Service Revenue
$0
Investment Income
$730,398
Other Revenue
$11,022
All Other Contributions
$2,344,971
Change in Net Assets
$981,841

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,070,403
Revenue Not Reported on Financial Statements
$15,988
Revenue Not Reported on Form 990
$-850,017
Other Revenue Adjustments
$15,988
Total Revenue per Audited Statements
$2,220,386
Total Revenue per Form 990
$3,086,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$715,829
Salaries, Compensation, and Employee Benefits$699,090
Other Expenses$689,631
Total Fundraising Expense$520,976
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$715,829--$715,829
Other Salaries and Wages$165,510$100,189$92,978$358,677
Current Officers, Directors, Trustees, and Key Employees$100,632$60,916$56,532$218,080
Travel$48,271$29,395$32,167$109,833
All Other Expenses$24,063$20,819$27,053$71,935
Other Employee Benefits$29,892$18,203$16,570$64,665
Information Technology$28,572$17,399$15,838$61,809
Fees for Services Accounting$22,013$13,404$13,537$48,954
Occupancy$32,066$5,277$3,246$40,589
Payroll Taxes$17,092$10,347$9,602$37,041
Fees for Services Other$16,273$9,910$10,008$36,191
Other Expenses$9,567$5,826$5,932$21,325
Pension Plan Contributions$9,518$5,762$5,347$20,627
Office Expenses$6,003$3,655$4,177$13,835
Advertising$3,154$1,920$1,748$6,822
Depreciation Depletion$2,959$1,802$1,640$6,401
Insurance$1,734$1,056$961$3,751
Total Functional Expenses$1,272,186$311,388$520,976$2,104,550

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,121,222
Total Expenses per Form 990$2,104,550
Expenses per Audited Statements$2,094,164
Expenses Not Reported on Form 990$27,058
Expenses Not Reported on Financial Statements$10,386
Other Expense Adjustments$10,386
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Scholarship Awards$513,736
RBS Alumni Assoc$50,021
Accrued Expenses$993
Payroll Tax Liability$52
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Anthony Pilaro, Andrew Pilaro, and Christopher Pilaro are family related.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed by Treasurer”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Annual conflict of interest disclosure statement required to be completed and signed by all board members and employees.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Annual review by compensation committee.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Annual review by compensation committee.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to public.”

Filing and Contact Details

Filer

Filer Name
Ron Brown Scholar Fund
EIN
54-1832314
Phone
4349641588
Address
1160 Pepsi Place, Charlottesville, VA 22901

Signing Officer

Name
Michael Mallory
Title
Executive Director
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
De
Voting Board Members
21
Independent Board Members
20
Employees
9

Preparer

Firm
Sabal & Associates
Address
293 Eisenhower Parkway, Livingston, NJ 07039
Preparer
Stuart M Sabal
Phone
9734221040
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - Schedule D - Part V - Endowment FundsThe information for the Prior Year through Four Years Back is not readily available.The organization was previously considered a private foundation. 2014 was the first year with which Form 990 was required to be filed, as opposed to Form 990-PF. As such, this information was not previously required, nor kept in detail.This information will be available for all years moving forward, beginning with 2014.”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Federal Tax Refund = $27058”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Highwood LP - Sch K-1 - Dividends = -$2362”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Highwood LP - Sch K-1 - Interest = -$1198”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Highwood LP - Sch K-1 - LT Gain = -$10156”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Highwood LP - Sch K-1 - Ordinary Income = -$2271”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Highwood LP - Sch K-1 - Other Ded = $10386”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Highwood LP - Sch K-1 - Rental Income = -$1”

Financial Statement Notes

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Highwood Capital K-1 Passthrough Income $15988”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Federal Tax Refund $27058”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Expenses recorded on tax not on book $10386”

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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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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,002,167
Liabilities
$564,802
Net assets
$15,437,365
Revenue
$3,086,391
Expenses
$2,104,550
Net income
$981,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.8$2.33$20.5$4.12$5.61$1.50
2023Detailed filing. Detailed filing data is available for this year.$22.3$1.60$20.7$3.39$4.86$1.47
2022Detailed filing. Detailed filing data is available for this year.$20.9$1.28$19.6$3.64$3.99$0.36
2021Detailed filing. Detailed filing data is available for this year.$25.3$1.11$24.2$7.71$3.16$4.55
2020Detailed filing. Detailed filing data is available for this year.$22.5$0.83$21.6$4.27$2.63$1.64
2019Detailed filing. Detailed filing data is available for this year.$19.4$0.67$18.7$2.26$3.17$0.92
2018Detailed filing. Detailed filing data is available for this year.$17.9$0.57$17.3$3.00$3.08$0.08
2017Detailed filing. Detailed filing data is available for this year.$20.1$0.60$19.5$7.47$2.52$4.96
2016Detailed filing. Detailed filing data is available for this year.$16.5$0.60$15.9$1.83$2.35$0.52
2015Detailed filing. Detailed filing data is available for this year.$16.0$0.56$15.4$3.09$2.10$0.98
2014Detailed filing. Detailed filing data is available for this year.$15.8$0.48$15.3$2.32$2.04$0.28