Civic Intelligence

Ron Brown Scholar Fund Fka Cap Charitable Foundation USA

990 • Fiscal year 2024 • EIN 54-1832314

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

Organization Profilewww.ronbrown.org

View Organization Page

2410 Old Ivy Road 200Charlottesville, VA 22903

(434) 964-1588

Siviq Scores

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

Liabilities / Assets

41st percentile

0.10x

Higher debt load relative to assets than 41% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.57x

Higher debt load relative to revenue than 71% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

7th percentile

-36%

Higher net margin than 7% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$412,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

41st percentile

2.4%

Faster asset growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

21%

Faster revenue growth than 71% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$22,795,225

Up $523,898 (+2.4%) from 2023

Net Assets

Down

$20,465,325

Down $207,008 (-1.0%) from 2023

Liabilities

Up

$2,329,900

Up $730,906 (+46%) from 2023

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin7th percentile

Revenue

Up

$4,117,367

Up $726,043 (+21%) from 2023

Expenses

Up

$5,614,112

Up $754,033 (+16%) from 2023

Net Income

Down

-$1,496,745

Down $27,990 (-1.9%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2024

Assets$22,795,225
Liabilities$2,329,900
Net Assets$20,465,325
Open 2024 Filing

Operations Trend

Revenue Growth71st 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

2024

Revenue$4,117,367
Expenses$5,614,112
Net Income-$1,496,745
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$4,117,367
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$20,391,320$20,479,774▲ $88,454
Savings and Temporary Cash Investments$1,648,776$1,256,223▼ $392,553
Pledges and Grants Receivable$165,000$295,733▲ $130,733
Cash and Non-Interest-Bearing Accounts$66,231$197,440▲ $131,209
Land, Buildings, and Equipment, Net-$100,685-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$22,271,327$22,795,225▲ $523,898
Other Assets Total-$465,370-
Liabilities
Grants Payable$1,176,014$1,308,337▲ $132,323
Other Liabilities-$535,366-
Deferred Revenue$367,708$415,458▲ $47,750
Accounts Payable and Accrued Expenses$55,272$70,739▲ $15,467
Total Liabilities$1,598,994$2,329,900▲ $730,906
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,621,357$14,875,158▼ $746,199
Net Assets With Donor Restrictions$5,050,976$5,590,167▲ $539,191
Total Net Assets Fund Balance$20,672,333$20,465,325▼ $207,008
Total Liabilities and Net Assets / Fund Balance$22,271,327$22,795,225▲ $523,898

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$100,685$3,468$104,153
Other Land Buildings-$34,265$34,265
Equipment-$1,988$1,988
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael A MalloryPresident & CEOFT$379,100$32,900$412,000

Board Members and Trustees

NameTitle
Nicole BatesChair
Dane HolmesTrusteeChairman
Meredith EggersVice-Chair
Vanessa EvansAsst Secretary
Brian SiegalSecretary
Andrew PilaroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,103,029
Program Service Revenue
$0
Investment Income
$922,193
Other Revenue
$92,145
All Other Contributions
$3,103,029
Change in Net Assets
$-1,496,745

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 AmountValuation Method
Securities Publicly Traded1$214,612Fair Market Value (FMV)
Total Noncash Contributions1$214,612-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,070,586
Revenue Not Reported on Financial Statements
$46,781
Revenue Not Reported on Form 990
$-1,414,994
Other Revenue Adjustments
$46,781
Total Revenue per Audited Statements
$2,655,592
Total Revenue per Form 990
$4,117,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,065,199
Other Expenses$1,795,022
Grants and Similar Amounts Paid$1,753,891
Total Fundraising Expense$1,139,294
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,753,891--$1,753,891
Other Salaries and Wages$1,062,719$109,568$303,980$1,476,267
Travel$168,905$23,994$309,889$502,788
Current Officers, Directors, Trustees, and Key Employees$164,800$82,400$164,800$412,000
Fees for Services Other$139,693$19,100$69,000$227,793
Insurance$136,561$21,356$52,152$210,069
Occupancy$171,586$12,879$21,631$206,096
Office Expenses$100,382$12,755$31,148$144,285
Fees for Services Accounting-$122,087-$122,087
Payroll Taxes$78,286$12,243$29,897$120,426
Conferences and Meetings$33,736-$48,392$82,128
Fees for Service Investment Mgmnt Fees$56,398$6,151$15,927$78,476
Pension Plan Contributions$36,733$5,745$14,028$56,506
Advertising$35,847$749$1,829$38,425
Other Expenses$14,273$2,232$5,451$21,956
All Other Expenses$13,355$2,088$6,201$21,644
Depreciation Depletion$2,492$272$704$3,468
Fees for Services Legal-$525-$525
Total Functional Expenses$4,034,898$439,920$1,139,294$5,614,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,614,112
Total Expenses per Form 990$5,614,112
Total Expenses per Audited Statements$5,535,636
Expenses Not Reported on Form 990$-78,476
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
Lease Liability$535,365
Rounding$1
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
2410 Old Ivy Road 200, Charlottesville, VA 22903

Signing Officer

Name
Michael Mallory
Title
President & CEO
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
De
Voting Board Members
21
Independent Board Members
20
Employees
22

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 = -$46781”

Financial Statement Notes

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

“Pass-thru entity Highwood Capital Ptrs $46781”

Raw XML AppendixShowing 400 of 557 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/OtherRevenueMiscGrp/Desc2Sales-Scholar Names List
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
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IRS990ScheduleD/RevenueNotReportedAmt0-1414994
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt046781
IRS990ScheduleD/RevenueSubtotalAmt04070586
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Pass-thru entity Highwood Capital Ptrs $46781
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,795,225
Liabilities
$2,329,900
Net assets
$20,465,325
Revenue
$4,117,367
Expenses
$5,614,112
Net income
-$1,496,745
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $10M-$25M nonprofits