Nonprofit · EIN 54-1832314
RON BROWN SCHOLAR FUND
Tax-exempt · CHARLOTTESVLE, VA 22903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,117,367 | $5,614,112 | -$1,496,745 | $22,795,225 | $2,329,900 | $20,465,325 |
| December 31, 2023 | 990 | $3,391,324 | $4,860,079 | -$1,468,755 | $22,271,327 | $1,598,994 | $20,672,333 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,103,029
- Program service revenue
- $0
- Investment income
- $922,193
- Net gain from sales of assets
- $401,026
- Other revenue
- $92,145
Expenses
- Grants and similar amounts paid
- $1,753,891
- Compensation of officers, directors and key employees
- $412,000
- Other salaries and wages
- $1,476,267
- Salaries, compensation and benefits (total)
- $2,065,199
- Professional fundraising fees
- $0
- Legal fees
- $525
- Accounting fees
- $122,087
- Occupancy
- $206,096
- Travel
- $502,788
- Depreciation
- $3,468
- Program services (functional)
- $4,034,898
- Management and general (functional)
- $439,920
- Fundraising (functional)
- $1,139,294
Balance sheet and other
- Total assets, start of year
- $22,271,327
- Total assets, end of year
- $22,795,225
- Total liabilities, end of year
- $2,329,900
- Net assets, end of year
- $20,465,325
- Land, buildings and equipment
- $100,685
- Net assets without donor restrictions
- $14,875,158
- Net assets with donor restrictions
- $5,590,167
- Gross receipts
- $4,117,367
- Employees
- 22
- Year formed
- 1997
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael A Mallory | President & CEO Officer | 40 | $379,100 | $32,900 |
| Dane Holmes | TrusteeChairman Trustee or director | 0 | $0 | $0 |
| Andrew Pilaro | Treasurer Trustee or director | 0 | $0 | $0 |
| Nicole Bates | Chair Trustee or director | 0 | $0 | $0 |
| Brian Siegal | Secretary Trustee or director | 0 | $0 | $0 |
| Meredith Eggers | Vice-Chair Officer | 0 | $0 | $0 |
| Vanessa Evans | Asst Secretary Officer | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael A Mallory | President & CEO Officer | 40 | $329,600 | $32,400 |
| Dane Holmes | TrusteeChairman Trustee or director | 0 | $0 | $0 |
| Jordan Goldberg | Treasurer Trustee or director | 0 | $0 | $0 |
| Nicole Bates | Chair Trustee or director | 0 | $0 | $0 |
| Brian Siegal | Secretary Trustee or director | 0 | $0 | $0 |
| Meredith Eggers | Vice-Chair Officer | 0 | $0 | $0 |
| Vanessa Evans | Asst Secretary Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2410 OLD IVY RD, CHARLOTTESVLE, VA 22903-4827
- In care of
- % SUSAN ADER
- Signed the 990
- Michael Mallory, President & CEO
- Phone
- (434) 964-1588
- Website
- www.ronbrown.org
- Return prepared by
- Sabal & Associates
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.
Program accomplishments
- Scholarship GrantsExpenses $4,034,898
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1832314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $22,795,225
- Income (IRS master file)
- $4,117,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,117,367 | $5,614,112 | $22,795,225 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,391,324 | $4,860,079 | $22,271,327 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,637,027 | $3,994,789 | $20,903,741 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1832314).
Questions about RON BROWN SCHOLAR FUND
- What is the EIN of RON BROWN SCHOLAR FUND?
- The employer identification number (EIN) of RON BROWN SCHOLAR FUND is 54-1832314.
- Is RON BROWN SCHOLAR FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to RON BROWN SCHOLAR FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RON BROWN SCHOLAR FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RON BROWN SCHOLAR FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RON BROWN SCHOLAR FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of RON BROWN SCHOLAR FUND?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $379,100 (Michael A Mallory, President & CEO).
- How much revenue does RON BROWN SCHOLAR FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,117,367, expenses of $5,614,112 and total assets of $22,795,225 at year end.
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