Totals
- Total revenue
- $48,711,154
- Total expenses
- $31,792,194
- Contributions and grants received
- $47,265,558
- Grants paid
- $26,113,127
- Program service revenue
- $0
- Investment income
- $1,445,596
- Other revenue
- $0
- Total assets, end of year
- $69,602,729
- Total liabilities, end of year
- $3,762,441
- Net assets or fund balances, end of year
- $65,840,288
- Program services expenses (Part IX)
- $30,028,914
- Management and general expenses
- $726,243
- Fundraising expenses
- $1,037,037
- Program service expenses (Part III)
- $30,028,914
Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$39,800,105
-
1f · All other contributions, gifts and grants
$7,465,453
-
3 · Investment income
total $1,445,596 · excluded $1,445,596
-
8a · Fundraising events: gross income
$2,200,964
-
8a · Fundraising events: contributions included on line 1c
$39,800,105
-
8b · Fundraising events: direct expenses
$2,200,964
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $16,407,844 · program services $16,407,844
-
2 · Grants to domestic individuals
total $9,705,283 · program services $9,705,283
-
5 · Compensation of officers, directors and key employees
total $254,094 · program services $121,965 · management and general $45,737 · fundraising $86,392
-
7 · Other salaries and wages
total $1,674,303 · program services $803,665 · management and general $301,375 · fundraising $569,263
-
10 · Payroll taxes
total $144,540 · program services $69,379 · management and general $26,017 · fundraising $49,144
-
11a · Fees: management
total $108,369 · management and general $108,369
-
11b · Fees: legal
total $5,350 · management and general $5,350
-
11c · Fees: accounting
total $43,371 · management and general $43,371
-
11g · Fees: other
total $1,896,419 · program services $1,878,800 · management and general $17,619
-
12 · Advertising and promotion
total $572,936 · program services $572,936
-
13 · Office expenses
total $22,834 · program services $10,960 · management and general $4,110 · fundraising $7,764
-
14 · Information technology
total $84,730 · program services $40,671 · management and general $15,251 · fundraising $28,808
-
17 · Travel
total $8,333 · program services $4,000 · management and general $1,500 · fundraising $2,833
-
19 · Conferences, conventions and meetings
total $861,273 · program services $413,411 · management and general $155,029 · fundraising $292,833
-
22 · Depreciation, depletion and amortization
total $2,515 · management and general $2,515
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,244,355 · end of year $31,507,298
-
2 · Savings and temporary cash investments
beginning of year $4,351,846 · end of year $33,851,371
-
3 · Pledges and grants receivable
beginning of year $2,465,030 · end of year $4,243,078
-
8 · Inventories for sale or use
beginning of year $3,535 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$31,120
-
10b · Land, buildings and equipment: accumulated depreciation
$30,140
-
10c · Land, buildings and equipment, net
beginning of year $3,495 · end of year $980
-
15 · Other assets
beginning of year $2 · end of year $2
-
17 · Accounts payable and accrued expenses
beginning of year $492,915 · end of year $3,762,441
-
27 · Net assets without donor restrictions
beginning of year $48,066,706 · end of year $65,840,288
-
28 · Net assets with donor restrictions
beginning of year $508,642 · end of year $0
Mission and programs · 2023
Mission
THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS.
-
TACO BELL FOUNDATION GRANTED BACK TO YOUTH-SERVING ORGANIZATIONS, INCLUDING THE BOYS AND GIRLS CLUBS OF AMERICA, IN AND AROUND COMMUNITIES WHERE TACO BELL DOES BUSINESS. OUR LOCAL GRANTS SUPPORT PROGRAMS AND EXPERIENCES THAT PREPARE YOUNG PEOPLE FOR HIGH SCHOOL GRADUATION AND EMPOWERS THEM TO CHANNEL THEIR PASSIONS SO THEY CAN GO ON TO ACHIEVE THEIR DREAMS THROUGH SECONDARY EDUCATION. SINCE 2013, THE TACO BELL FOUNDATION HAS GRANTED NEARLY $78.5 MILLION TO APPROXIMATELY 350 BOYS AND GIRLS CLUBS ACROSS THE COUNTRY.
Expenses $18,868,278 · Grants $16,407,844
-
THE LIVE MAS SCHOLARSHIP PROGRAM IS DESIGNED TO HELP INNOVATORS AND CREATORS AGES 16-24 PURSUE UNIQUE PASSIONS THAT MAY NOT NECESSARILY FIT INTO THE TRADITIONAL "ACADEMIC OR "ATHLETIC" SCHOLARSHIP CATEGORIES. THE APPLICATION ONLY REQUIRES SUBMISSION OF A TWO-MINUTE VIDEO WHERE APPLICANTS SHARE WHAT THEY LOVE TO DO. THE 2023 SCHOLARSHIP PROGRAM AWARDED $9.7 MILLION. THE WIDE RANGE OF STUDENT PASSIONS INCLUDE MEDICINE, FILM, ENGINEERING, MUSIC AND COMMUNITY SERVICE. IN THE FIRST FIVE YEARS OF THE SCHOLARSHIP, THE TACO BELL FOUNDATION HAS ALREADY AWARDED $36.9 MILLION IN EDUCATION SUPPORT TO NEARLY 3000 STUDENTS, INCLUDING TACO BELL EMPLOYEES. STUDENTS IN THE PROGRAM HAVE ALSO BEEN GIVEN ACCESS TO OPPORTUNITIES BEYOND FINANCES, THROUGH WORKSHOPS TO HELP DEVELOP PERSONAL AND PROFESSIONAL SKILLS.
Expenses $11,160,636 · Grants $9,705,283
As filed on the 2023 return.
Listed in Part VII
-
Jennifer BradburyJENNIFER BRADBURY
EXECUTIVE DIRECTOR
- Total calculated
- $254,095
- From this org
- $230,770
- From related orgs
- $0
- Other
- $23,325
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,539
- Bonus
- $0
- Other
- $19,231
- Deferred
- $13,758
- Nontaxable benefits
- $9,567
- Filer's total
- $254,095
-
Marchela IahdjianMARCHELA IAHDJIAN
PROGRAMS AND PARTNERSHIPS
- Total calculated
- $143,209
- From this org
- $125,481
- From related orgs
- $0
- Other
- $17,728
- Hours/week
- 40
-
Morgan TaborMORGAN TABOR
DEVELOPMENT MANAGER
- Total calculated
- $123,104
- From this org
- $104,875
- From related orgs
- $0
- Other
- $18,229
- Hours/week
- 40
-
Neil BorkanNEIL BORKAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Sean Tresvant Start 04272023SEAN TRESVANT START 04272023
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.2
-
James CasconeJAMES CASCONE
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Rob AlvaradoROB ALVARADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Imaan FerdowsiIMAAN FERDOWSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
David GrieveDAVID GRIEVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Mark KingMARK KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Marjorie PerlmanMARJORIE PERLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
YOURCAUSE LLC
$12,081,704
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP TO BE PRODUCTIVE ADULTS, AND TO PROVIDE THEM A SAFE ENVIRONMENT IN WHICH TO LEARN AND PLAY.
-
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP
-
$1,018,240
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP
-
NATIONAL COLLEGE ADVISING CORPS INC
$535,470
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP
-
TO PROVIDE FINANCIAL SUPPORT AT THE LOCAL LEVEL FOR BOYS AND GIRLS CLUBS THROUGHOUT THE UNITED STATES, THE LOCAL CLUBS USE THESE FUNDS TO HELP TEENAGERS TO GRADUATE FROM HIGH SCHOOL BY PROVIDING RESOURCES AND A SAFE LOCATION IN WHICH TO STUDY.
-
$100,000
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP
-
$100,000
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP
-
$50,000
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP
-
$25,000
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP
-
$25,000
TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349325255
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.