Civic Intelligence

Ron Brown Scholar Fund Fka Cap Charitable Foundation USA

990 • Fiscal year 2022 • EIN 54-1832314

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization Profilewww.ronbrown.org

View Organization Page

485 Hillsdale Drive 206Charlottesville, VA 22901

(434) 964-1588

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.35x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

17th percentile

-9.8%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$339,294

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-53%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$20,903,741

Down $4,408,857 (-17%) from 2021

Net Assets

Down

$19,623,963

Down $4,577,733 (-19%) from 2021

Liabilities

Up

$1,279,778

Up $168,876 (+15%) from 2021

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin17th percentile

Revenue

Down

$3,637,027

Down $4,074,978 (-53%) from 2021

Expenses

Up

$3,994,789

Up $837,061 (+27%) from 2021

Net Income

Down

-$357,762

Down $4,912,039 (-108%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2022

Assets$20,903,741
Liabilities$1,279,778
Net Assets$19,623,963
Open 2022 Filing

Operations Trend

Revenue Growth6th 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

2022

Revenue$3,637,027
Expenses$3,994,789
Net Income-$357,762
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$5,677,881
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
Investments Other Securities$24,011,648$19,590,360▼ $4,421,288
Savings and Temporary Cash Investments$789,462$1,026,731▲ $237,269
Pledges and Grants Receivable$389,583$196,667▼ $192,916
Cash and Non-Interest-Bearing Accounts$121,904$89,983▼ $31,921
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$25,312,598$20,903,741▼ $4,408,857
Other Assets Total$1$0▼ $1
Liabilities
Grants Payable$817,905$866,918▲ $49,013
Other Liabilities$240,833$344,583▲ $103,750
Accounts Payable and Accrued Expenses$52,164$68,277▲ $16,113
Total Liabilities$1,110,902$1,279,778▲ $168,876
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,483,359$15,084,057▼ $4,399,302
Net Assets With Donor Restrictions$4,718,337$4,539,906▼ $178,431
Total Net Assets Fund Balance$24,201,696$19,623,963▼ $4,577,733
Total Liabilities and Net Assets / Fund Balance$25,312,598$20,903,741▼ $4,408,857

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$34,265$34,265
Equipment-$1,988$1,988
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael A MalloryPresident & CEOFT$310,353$28,941$339,294
Vanessa EvansAsst SecretaryFT$228,613$2,400$231,013

Board Members and Trustees

NameTitle
Nicole BatesChair
Dane HolmesTrusteeChairman
Meredith EggersVice-Chair
Brian SiegalSecretary
Jordan GoldbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,166,045
Program Service Revenue
$0
Investment Income
$442,173
Other Revenue
$28,809
All Other Contributions
$3,166,045
Change in Net Assets
$-357,762

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$96,287
Total Noncash Contributions1$96,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,661,373
Revenue Not Reported on Financial Statements
$-24,346
Revenue Not Reported on Form 990
$-3,304,970
Other Revenue Adjustments
$-24,346
Total Revenue per Audited Statements
$356,403
Total Revenue per Form 990
$3,637,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,631,243
Other Expenses$1,214,677
Grants and Similar Amounts Paid$1,148,869
Total Fundraising Expense$977,785
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,148,869--$1,148,869
Other Salaries and Wages$529,092$69,201$176,012$774,305
Current Officers, Directors, Trustees, and Key Employees$251,225$137,163$181,919$570,307
Travel$34,935$13,400$289,042$337,377
Other Employee Benefits$111,367$14,566$37,048$162,981
Office Expenses$94,442$14,179$26,853$135,474
Fees for Services Accounting-$112,499-$112,499
Fees for Services Other$57,935$6,935$47,137$112,007
Payroll Taxes$58,427$7,642$19,436$85,505
Fees for Service Investment Mgmnt Fees$51,231$6,700$17,043$74,974
Occupancy$35,246$2,646$4,445$42,337
Advertising$36,152$1,584$3,000$40,736
Pension Plan Contributions$26,065$3,409$8,671$38,145
All Other Expenses$17,258$2,662$16,754$36,674
Information Technology$25,752--$25,752
Other Expenses$16,169$2,774$5,254$24,197
Insurance$1,147$150$381$1,678
Fees for Services Legal$274$36$91$401
Total Functional Expenses$2,617,027$399,977$977,785$3,994,789

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,994,789
Total Expenses per Form 990$3,994,789
Total Expenses per Audited Statements$3,919,995
Expenses Not Reported on Form 990$-74,794
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 revenue$344,583
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

“Reviewed by Treasurer”

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

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

Form 990, Part VI, Section B, Line 15A

“Annual review by compensation committee.”

Form 990, Part VI, Section B, Line 15B

“Annual review by compensation committee.”

Form 990, Part VI, Section C, Line 19

“No documents available to public.”

Filing and Contact Details

Filer

Filer Name
Ron Brown Scholar Fund
EIN
54-1832314
Phone
4349641588
Address
485 Hillsdale Drive 206, Charlottesville, VA 22901

Signing Officer

Name
Michael Mallory
Title
President & CEO
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

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

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

“Pass-thru entity Highwood Capital Ptrs = $24346”

Form 990, Part XI, Line 9

“Rounding = $1”

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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,903,741
Liabilities
$1,279,778
Net assets
$19,623,963
Revenue
$3,637,027
Expenses
$3,994,789
Net income
-$357,762
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