Braven Incorporated

Organization Overview

Braven Incorporated is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braven Incorporated 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 06/2021, Braven Incorporated generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $8.2m during the year ending 06/2021. While expenses have increased by 25.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF BRAVEN IS TO EMPOWER PROMISING, UNDERREPRESENTED YOUNG PEOPLE-FIRST-GENERATION COLLEGE STUDENTS, STUDENTS FROM LOW-INCOME BACKGROUNDS, AND STUDENTS OF COLOR-WITH THE SKILLS, CONFIDENCE, EXPERIENCES AND NETWORKS NECESSARY TO TRANSITION FROM COLLEGE TO STRONG FIRST JOBS, WHICH LEAD TO MEANINGFUL CAREERS AND LIVES OF IMPACT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BRAVEN SUPPORTS UNTAPPED STUDENTS FROM COLLEGE TO CAREER BY PARTNERING WITH UNIVERSITIES 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 AND BRAVEN ONLINE: TWO PROGRAMS WITH A 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.BOTH 15-WEEK PROGRAMS ARE IDENTICAL IN CONTENT AND COHORT STRUCTURE AS OUR CORE PRODUCT, THE UNIVERSITY MODEL, AND ARE OFFERED IN PARTNERSHIP WITH COLLEGE ACCESS AND SUCCESS ORGANIZATIONS INSTEAD OF LARGE UNIVERSITIES. IN LIEU OF ACADEMIC CREDIT, BRAVENX AND BRAVEN ONLINE FELLOWS EARN A FINANCIAL STIPEND UPON COMPLETION OF THE PROGRAM. THE KEY DIFFERENCE BETWEEN BRAVENX AND BRAVEN ONLINE IS LOCATION AND MEDIUM (IN PERSON VERSUS ONLINE).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Trinet Group Inc
Staff, Human Resource Management, Payrol
$5,504,989
Andela Inc
It Consulting
$101,681
Opentent Llc
It Consulting
$365,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $841,500
All other contributions, gifts, grants, and similar amounts not included above$11,603,168
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,444,668
Total Program Service Revenue$640,490
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,085,158

Grants Recieved

Over the last fiscal year, we have identified 31 grants that Braven Incorporated has recieved totaling $9,432,800.

Awarding OrganizationAmount
Strada Education Network Inc

Indianapolis, IN

PURPOSE: OPERATING GRANT

$1,612,500
Morgan Stanley Foundation

New York, NY

PURPOSE: DIVERSITY SCHOLARSHIPS

$1,375,000
Tides Foundation

San Francisco, CA

PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

$1,050,000
Cleveland Avenue Foundation For Education Group

Chicago, IL

PURPOSE: TO SUPPORT THE PROGRAMMATIC OR OPERATING COSTS OF THE ORGANIZATION IN ALIGNMENT WITH THE 1954 PROJECT VALUES

$998,835
Deloitte Foundation

Stamford, CT

PURPOSE: THREE-YEAR EXPERIENCE AND PROFESSIONAL MENTORING PROGRAM & MARKETPLACE GRANT

$525,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: POSTSECONDARY EDUCATION

$500,000
View Grant Recipient Profile

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Braven Incorporated
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$13,085,158
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$3,839,352
A Million Stars Inc
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$2,484,208
Horizons For Youth
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$2,593,417

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