Bravo Family Charitable Foundation
- Assets
- $56.5m
- Revenue
- $4.4m
- Investments
- $53.3m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 81-4657525
Organization Overview
Bravo Family Charitable Foundation is located in Miami, FL. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bravo Family Charitable Foundation 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 12/2022, Bravo Family Charitable Foundation generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bravo Family Charitable Foundation has awarded 76 individual grants totaling $39,699,027. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
DIRECT CHARITABLE AID TO PUERTO RICO FOR HURRICANE MARIA :TRAVEL EXPENSES : $9,348.20MEDICAL SUPPLIES FOR PUERTO RICO : $11,250.00PHOTOGRAPHY FOR HURRICANE MARIA RELIEF : $500.00
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando Bravo President/director/treasurer | 1 | $0 | |
Kyle Klopfer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,955 |
| Dividends & Interest | $1,397,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,176,470 |
| Capital Gain Net Income | $1,707,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,857,147 |
| Total Revenue | $4,433,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $241,848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,797 |
| Total operating and administrative expenses | $540,022 |
| Contributions, gifts, grants paid | $1,555,536 |
| Total expenses and disbursements | $2,095,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,098,790 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $140,523 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,905,193 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,507,126 |
| Accounts payable and accrued expenses | $12,416 |
| Grants payable | $13,760,241 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $24,362 |
| Total liabilities | $13,797,019 |
Grants Awarded
Over the last fiscal year, Bravo Family Charitable Foundation has awarded $3,727,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY OF PROVIDENCE PURPOSE: ORLANDO BRAVO UNIVERSITY PROFESSORSHIPS IN ECONOMICS | $1,500,000 |
BROWN UNIVERSITY OF PROVIDENCE PURPOSE: BROWN ANNUAL FUND | $250,000 |
BROWN UNIVERSITY OF PROVIDENCE PURPOSE: ORLANDO BRAVO CENTER FOR ECONOMIC RESEARCH | $1,000,000 |
JOHNNY MAC TENNIS PROJECT PURPOSE: TO SUPPORT FITNESS & SOCIAL ACTIVITY FOR UNDER-RESOURCED AREA CHILDREN | $5,000 |
BROWN UNIVERSITY OF PROVIDENCE PURPOSE: MEN'S TENNIS FUND | $25,000 |
SEO SCHOLARS PURPOSE: 2022 ANNUAL AWARDS | $197,500 |