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Ron Brown Scholar Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541832314 ✦ Charlottesville, VA ✦ Designated as a 501(c)(3)

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Overview

What is Ron Brown Scholar Fund?

The Ron Brown Scholar Fund is a nonprofit organization committed to fostering the advancement of African Americans into prominent roles in various sectors, such as business, education, government, and numerous professions. Their primary objective is to inspire leadership and public service among this demographic, aiming to accelerate their integration into mainstream leadership spheres. The organization operates with a strong emphasis on this mission, which is vital for promoting diversity and inclusivity in various fields.


Official website here: www.ronbrown.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)

The Ron Brown Scholar Fund has achieved an impressive overall score of 97%, highlighting its strong commitment to accountability and financial integrity. This score is derived from various metrics, with a significant emphasis on accountability and finance, where it scored 97%. The organization demonstrates exceptional governance practices, including a fully independent board and robust financial oversight mechanisms, ensuring that funds are utilized effectively for their mission.

Strengths of the Ron Brown Scholar Fund include a high program expense ratio of 71.83%, indicating that a substantial portion of its budget is directed towards its programs rather than administrative costs. Additionally, the organization boasts a fundraising efficiency ratio of just $0.20, reflecting its ability to raise funds at a low cost. These factors suggest that the fund is well-managed and dedicated to maximizing its impact on the educational opportunities for its scholars.

While the data paints a highly positive picture, no specific limitations or challenges were noted in the feedback. Overall, the Ron Brown Scholar Fund demonstrates strong leadership and adaptability, scoring a perfect 100% in this area, which bodes well for its future initiatives and ongoing effectiveness in supporting students.


This AI summary has been generated from information found on Charity Navigator.

Is Ron Brown Scholar Fund legitimate?

Ron Brown Scholar Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ron Brown Scholar Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $570,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $774,305

For more financial information, click here


Official website here: www.ronbrown.org

What is the mission statement of Ron Brown Scholar Fund?

The Ron Brown Scholar Fund's mission is centered around propelling African Americans into prominent positions in various sectors such as business, education, government, and numerous professions. This organization strives to foster a deep-rooted commitment to leadership and public service among its scholars. By doing so, it aims to accelerate the representation of African Americans in key leadership roles across diverse fields.


Official website here: www.ronbrown.org

Who is the CEO of Ron Brown Scholar Fund?

Jordan Goldberg is the Treasurer of Ron Brown Scholar Fund. The CEO's salary of Ron Brown Scholar Fund is $310,353 and their total compensation is $339,294.


Official website here: www.ronbrown.org

What is the revenue of Ron Brown Scholar Fund?

Ron Brown Scholar Fund's revenue in 2022 was $3,637,027.


Official website here: www.ronbrown.org

Who are the executives of Ron Brown Scholar Fund and what are their salaries?

The average compensation at Ron Brown Scholar Fund during 2022 was $67,231. There are 20 employees at Ron Brown Scholar Fund.


Here are 7 key members and their salaries (Ron Brown Scholar Fund's CEO's salary is $310,353 and their total compensation is $339,294):


Michael A Mallory (President & Ceo)
  • Compensation: $310,353
  • Related: $0
  • Other: $28,941
Vanessa Evans (Asst Secretary)
  • Compensation: $228,613
  • Related: $0
  • Other: $2,400
Dane Holmes (Trusteechairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Goldberg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Bates (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Siegal (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Eggers (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ronbrown.org

Where can I find the form 990 for Ron Brown Scholar Fund?

Ron Brown Scholar Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ronbrown.org

Learn more at the official website: www.ronbrown.org

Mission Statement of Ron Brown Scholar Fund

The Ron Brown Scholar Fund, named after the late Secretary of Commerce, is dedicated to fostering the advancement of African Americans into prominent roles in various sectors such as business, education, government, and numerous professions. Its primary objective is to expedite this progression while instilling a deep-seated commitment to leadership and public service in the scholars it supports. The program aims to break down barriers and promote diversity in these fields, thereby amplifying the representation of African Americans in the mainstream of society.

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Impact




July, 2024

The Ron Brown Scholar Fund has a significant impact on accelerating the progress of African Americans into the mainstream of leadership in various fields such as business, education, government, and professions. It instills a strong dedication to leadership and public service among its scholars, contributing to a more diverse and inclusive leadership landscape. This impact is vital for promoting equity and representation in different sectors and fostering the development of future leaders from underrepresented communities.




This information is meant to be a general summary of Ron Brown Scholar Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,637,027 (2022)
Expenses
$3,994,789 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $442,173
  • Gross Receipts: $5,677,881

Assets and Liabilities:

  • Total Assets: $20,903,741
  • Total Liabilities: $1,279,778
  • Net Assets: $19,623,963

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Organization Details

Founding Year

1997

Principal Officer

Jordan Goldberg

Main Address

485 Hillsdale Drive 206, Charlottesville, VA, 22901

NTEE Category

Code: B82 - Education

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