Brac Usa Inc
- Assets
- $39.1m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 58
- Location
- New York, NY
- Founding
- 06/2007
- Data as of
- 09/2021
- EIN
- 20-8456741
Organization Overview
Brac Usa Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, Brac USA Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brac USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Brac USA Inc generated $26.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $67.5m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: TO SUPPORT BRAC'S NEW AND ONGOING INITIATIVES, BRAC USA AWARDS GRANTS TO BRAC PROGRAMS WITH THE FUNDS IT RAISES FROM EXTERNAL DONORS. GRANT AWARDS SUPPORT A STRATEGIC AGENDA BASED ON PRIORITIES AGREED UPON BY BRAC AND BRAC USA. THE GRANTS MADE FACILITATE FLEXIBILITY, INNOVATION, AND LEARNING, WITH THE GOAL OF CREATING OPPORTUNITIES FOR PEOPLE LIVING IN POVERTY. BRAC USA DOES NOT ACCEPT UNSOLICITED PROPOSALS FROM ORGANIZATIONS THAT ARE NOT PART OF BRAC OR BRAC INTERNATIONAL.
STRATEGIC PROGRAM SERVICES: BRAC USA SUPPORTS BRAC'S EFFORTS TO INNOVATE, PILOT, GROW, AND SCALE HEALTH, EDUCATION, YOUTH EMPOWERMENT, AGRICULTURE, LIVELIHOOD DEVELOPMENT, MICROFINANCE AND OTHER PROGRAMS. THIS INCLUDES ENABLING ACCESS TO CAPITAL AND OTHER RESOURCES, PROVIDING TECHNICAL ASSISTANCE AND PROGRAM DESIGN SUPPORT, SETTING UP INTERNAL SYSTEMS AND PROCESSES FOR SUCCESSFUL IMPLEMENTATION AND MONITORING, AND COMMUNICATING OUTCOMES WITH DONORS AND OTHER STAKEHOLDERS. BRAC USA ALSO PROVIDES ADVISORY SERVICES TO SUPPORT GOVERNMENTS, NON-PROFITS, AND OTHER ENTITIES IN IMPLEMENTING BRAC'S SIGNATURE ULTRA-POOR GRADUATION AND YOUTH EMPOWERMENT APPROACHES WORLDWIDE.
COMMUNICATIONS & OUTREACH: BRAC USA STRIVES TO INCREASE AWARENESS ABOUT BRAC'S PROGRAMS AND ACTIVITIES IN THE UNITED STATES, CANADA, AND GLOBALLY. WE HELP TO EDUCATE THE PUBLIC ABOUT CHALLENGES FACING PEOPLE IN POVERTY WORLDWIDE AND EFFECTIVE SOLUTIONS TO SUPPORT THEM. THROUGH EVENTS, CONFERENCES, MEDIA PLACEMENTS, AWARD NOMINATIONS, SPEAKING ENGAGEMENTS, AND PARTNERSHIP DEVELOPMENT, WE WORK TO RAISE BRAC'S PROFILE AS AN INNOVATOR IN COST-EFFECTIVE, EVIDENCE-BASED DEVELOPMENT SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muhammad Musa Ed - Brac International (until 7/21) | 40 | $321,594 | |
Donella Rapier President & CEO | OfficerTrustee | 40 | $306,998 |
Lindsay Coates Managing Director (until 6/21) | Officer | 40 | $282,461 |
Daniel Stoner Chief Program Officer | Officer | 40 | $193,411 |
Sharad Aggarwal Senior Vice President | Officer | 40 | $170,252 |
Lauren Whitehead Dir. Of Tech. Assist. (until 6/21) | 40 | $116,608 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jer Hr Group Llc Hr Support & Services | 9/29/21 | $109,425 |
Sonia Wallman Grants Management Support | 9/29/21 | $111,213 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,138,949 |
| Noncash contributions included in lines 1a–1f | $364,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,156,200 |
| Total Program Service Revenue | $1,918,847 |
| Investment income | $12,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,941 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,089,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $58,443,775 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,252,823 |
| Compensation of current officers, directors, key employees. | $304,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,569,571 |
| Pension plan accruals and contributions | $138,305 |
| Other employee benefits | $395,578 |
| Payroll taxes | $319,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,632 |
| Fees for services: Accounting | $49,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,915,705 |
| Advertising and promotion | $13,496 |
| Office expenses | $32,036 |
| Information technology | $76,066 |
| Royalties | $0 |
| Occupancy | $360,908 |
| Travel | $26,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,112 |
| Insurance | $21,006 |
| All other expenses | $12,311 |
| Total functional expenses | $67,480,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,220,189 |
| Savings and temporary cash investments | $13,232,840 |
| Pledges and grants receivable | $19,779,946 |
| Accounts receivable, net | $461,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $124,700 |
| Net Land, buildings, and equipment | $181,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,214 |
| Total assets | $39,074,186 |
| Accounts payable and accrued expenses | $1,714,419 |
| Grants payable | $15,658,449 |
| Deferred revenue | $343,753 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,606 |
| Total liabilities | $17,829,227 |
| Net assets without donor restrictions | $8,929,839 |
| Net assets with donor restrictions | $12,315,120 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,074,186 |
Grants Awarded
Over the last fiscal year, Brac Usa Inc has awarded $154,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Berkeley, CA PURPOSE: RESEARCH | $90,000 |
Maplewood, NJ PURPOSE: RESEARCH | $64,125 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Brac Usa Inc has recieved totaling $9,430,016.
| Awarding Organization | Amount |
|---|---|
Living Goods Oakland, CA PURPOSE: To support around 4,000 community health workers in Uganda via BRAC. | $1,955,000 |
The Mastercard Foundation PURPOSE: YOUTH LEARNING | | $1,709,794 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $1,000,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO RESPOND TO THE PRIMARY HEALTHCARE/NUTRITION AND EDUCATION NEEDS FOR NEWLY RELOCATED ROHINGYA REFUGEES IN BHASAN CHAR. | $1,000,000 |
Open Society Institute New York, NY PURPOSE: TO SUPPORT GRANTEE'S COVID-19 RESPONSE IN BANGLADESH | $1,000,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $922,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Brother Foundation Pittsburgh, PA | $16,877,615 | $117,307,567 |
International Aids Vaccine Initiative Inc New York, NY | $107,049,023 | $126,352,598 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |