Brave World Foundation

Nonprofit profile at a glance

EIN
934568192
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Pasadena, CA, USA
Phone
3233334746
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$267,574
Expenses
$3,000
Assets
$632,291
Liabilities
$17,429

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • MATTHEW FLINT (DIRECTOR)
  • DORSAY ALAVI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Brave world foundation aspires to bring diverse perspectives on historical, social, economic, and spiritual issues that will inspire future generations. The goal is to enhance public awareness through creativity. The foundation will help fund and develop feature films, documentaries, literary works, music, and visual art. Our mission is to support the vision of artists who want to create a deeper awareness and understanding of their work. Our hope is to inspire, educate and empower artists to make an impact by affecting positive social change through their artisticventures. It is an arts and cultural foundation that will carefully curate projects that create value andmake a difference. The foundation procures projects, provides fiscal sponsorship, seed money and tangible resources to develop projects that are aligned with the mission of the foundation.

What it reported doing in 2024

The organization is in its initial formation phase and has not yet commenced program service activities. Planning and development efforts are underway to establish future programs aligned with the organization's exempt purpose. During the tax year, the organization focused on administrative setup, including incorporation, obtaining tax-exempt status, and strategic planning. Program services are expected to begin in the following year.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 89
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 98.9%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 210.76; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -26.8% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 57.4% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 2 of 2 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.