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Nonprofiteer
← KENTUCKY FRIED CHICKEN FOUNDATION INC

Form 990 for tax year 2023

Filed by KENTUCKY FRIED CHICKEN FOUNDATION INC.

Totals

Total revenue
$6,895,190
Total expenses
$6,492,445
Contributions and grants received
$6,785,060
Grants paid
$4,494,520
Program service revenue
$0
Investment income
$195,611
Other revenue
-$85,481
Total assets, end of year
$10,603,378
Total liabilities, end of year
$416,588
Net assets or fund balances, end of year
$10,186,790
Program services expenses (Part IX)
$6,254,208
Management and general expenses
$174,365
Fundraising expenses
$63,872
Program service expenses (Part III)
$6,254,208

Program services were 96.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $202,401

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $6,582,659

  • 1g · Noncash contributions included above

    $73,234

  • 3 · Investment income

    total $142,249 · related or exempt $0 · unrelated business $0 · excluded $142,249

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $977,160 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $923,798 · other assets $0

  • 7c · Gain or loss

    securities $53,362 · other assets $0

  • 7d · Net gain or loss

    total $53,362 · related or exempt $0 · unrelated business $0 · excluded $53,362

  • 8a · Fundraising events: gross income

    $130,050

  • 8a · Fundraising events: contributions included on line 1c

    $202,401

  • 8b · Fundraising events: direct expenses

    $215,531

  • 8c · Net income from fundraising events

    total -$85,481 · unrelated business $0 · excluded -$85,481

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,060 · program services $1,000,060

  • 2 · Grants to domestic individuals

    total $3,494,460 · program services $3,494,460

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $269,917 · program services $170,153 · management and general $58,383 · fundraising $41,381

  • 7 · Other salaries and wages

    total $223,284 · program services $201,017 · management and general $22,267

  • 8 · Pension plan contributions

    total $13,767 · program services $12,498 · management and general $1,269

  • 9 · Other employee benefits

    total $24,258 · program services $21,923 · management and general $2,335

  • 10 · Payroll taxes

    total $35,232 · program services $27,517 · management and general $5,251 · fundraising $2,464

  • 11b · Fees: legal

    total $500 · management and general $500

  • 11c · Fees: accounting

    total $24,550 · management and general $24,550

  • 11f · Fees: investment management

    total $27,319 · management and general $27,319

  • 11g · Fees: other

    total $69,124 · program services $59,524 · management and general $9,600

  • 12 · Advertising and promotion

    total $465,285 · program services $465,285

  • 13 · Office expenses

    total $138,139 · program services $117,163 · management and general $17,449 · fundraising $3,527

  • 14 · Information technology

    total $19,366 · program services $3,806 · fundraising $15,560

  • 16 · Occupancy

    total $2,418 · program services $1,934 · management and general $242 · fundraising $242

  • 17 · Travel

    total $45,594 · program services $45,594

  • 19 · Conferences, conventions and meetings

    total $11,432 · program services $10,734 · fundraising $698

  • 23 · Insurance

    total $3,259 · management and general $3,259

  • 24a · Other expenses: ROUND UP EXPENSE

    total $236,879 · program services $236,879 · management and general $0 · fundraising $0

  • 24b · Other expenses: MENTAL HEALTH PROGRAMMING

    total $200,000 · program services $200,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: CAREER COACHING

    total $105,000 · program services $105,000 · management and general $0 · fundraising $0

  • 24d · Other expenses: SCHOLAR MENTORING

    total $73,500 · program services $73,500 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $9,102 · program services $7,161 · management and general $1,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,797 · end of year $44,228

  • 2 · Savings and temporary cash investments

    beginning of year $1,826,382 · end of year $3,217,645

  • 3 · Pledges and grants receivable

    beginning of year $3,433,793 · end of year $2,724,793

  • 4 · Accounts receivable

    beginning of year $295,408 · end of year $58,805

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,894 · end of year $52,968

  • 11 · Investments: publicly traded securities

    beginning of year $4,064,121 · end of year $4,504,939

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $330,155 · end of year $338,673

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $38,840 · end of year $77,915

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,191,184 · end of year $10,163,074

  • 28 · Net assets with donor restrictions

    beginning of year $181,216 · end of year $23,716

Mission and programs · 2023

Mission

THE HEART OF WHAT THE KFC FOUNDATION DOES IS CARE FOR KFC U.S. RESTAURANT EMPLOYEES. WE DO THIS BY PROVIDING CHARITABLE SUPPORT TO FRONTLINE KFC WORKERS THROUGH EDUCATION, HARDSHIP ASSISTANCE AND PERSONAL FINANCE PROGRAMS.

Activities or mission (Part I)

KFC FOUNDATION, AN INDEPENDENT NON-PROFIT ORGANIZATION, PROVIDES CHARITABLE SUPPORT TO KFC U.S. RESTAURANT EMPLOYEES THROUGH EDUCATION, HARDSHIP ASSISTANCE AND PERSONAL FINANCE PROGRAMS.

  • SCHOLARSHIP PROGRAM: THIS PROGRAM HELPS EMPLOYEES AT KFC U.S. RESTAURANTS PURSUE THEIR DREAMS OF GOING TO COLLEGE. EMPLOYEES OF ANY AGE, ANY POSITION, PURSUING ANY DEGREE CAN RECEIVE MONEY TO HELP THEM ATTEND THE ACCREDITED FOUR-YEAR OR TWO-YEAR COLLEGE OF THEIR CHOICE. THE MONEY CAN ALSO BE USED AT TRADE/ VOCATIONAL SCHOOLS AND FOR GRADUATE STUDY. IN 2023 THIS PROGRAM PROVIDED 525 RECIPIENTS WITH COLLEGE SCHOLARSHIPS.

    Expenses $4,455,914 · Grants $2,896,166

  • KFC FAMILY FUND: THIS CRISIS ASSISTANCE PROGRAM IS AVAILABLE TO KFC U.S. RESTAURANT EMPLOYEES WHO HAVE BEEN DIRECTLY IMPACTED BY A SEVERE HARDSHIP, CRISIS, OR CATASTROPHIC INCIDENT THAT WAS BEYOND THEIR CONTROL. THE PURPOSE OF THE PROGRAM IS TO PROVIDE TEMPORARY, LIMITED FINANCIAL RELIEF. WHILE MONEY CAN'T ELIMINATE THE SORROW, IT CAN HOPEFULLY ELIMINATE SOME OF THE ADDED STRESS THAT OFTEN ACCOMPANIES IT. IN 2023, THE FAMILY FUND PROVIDED RELIEF TO 133 TEAM MEMBERS. SINCE THIS PROGRAM BEGAN IN DECEMBER 2015, IT HAS PROVIDED over $1,785,000 TO TEAM MEMBERS IN NEED.

    Expenses $304,636 · Grants $304,636

  • KENTUCKY FRIED WISHES: KFC RESTAURANT TEAM MEMBERS CAN NOMINATE THEIR LOCAL IRC § 501(C)(3) NON-PROFIT ORGANIZATION FOR A $10,000 KENTUCKY FRIED WISHES GRANT TO FUND AN ACTIONALBLE PROJECT ON ITS WISH LIST. IN 2023, THE KFC FOUNDATION GRANTED ONE HUNDRED (100) KENTUCKY FRIED WISHES GRANTS.

    Expenses $1,000,000 · Grants $1,000,000

  • GED PROGRAM: FOR KFC RESTAURANT EMPLOYEES WHO DID NOT GRADUATE FROM HIGH SCHOOL, THE GED PROGRAM IS A PATHWAY TO ACHIEVING THEIR DREAMS. EVERY ELIGIBLE KFC RESTAURANT EMPLOYEE WHO SEEKS GED ASSISTANCE IS ADMITTED INTO THIS FREE, ALL-INCLUSIVE PROGRAM THAT PROVIDES UNLIMITED ACCESS TO GED PREPARATION AND TESTING. OFFERED IN BOTH ENGLISH AND SPANISH, THE GED PROGRAM INCLUDES A TEST PASS GUARANTEE AND A PERSONAL GED ADVISOR WHO IS WITH THE EMPLOYEE-STUDENT EVERY STEP OF THE WAY. PARTICIPANTS WITHOUT PERSONAL COMPUTERS ARE ALSO PROVIDED A LAPTOP AND INTERNET ACCESS TO ENSURE THAT THEY CAN STUDY ON THEIR OWN AND COMPLETE THEIR GED. 66 PARTICIPANTS EARNED THEIR GEDS IN 2023. FINANCIAL LITERACY: THIS PROGRAM PROVIDES AN ONLINE PLATFORM FOR KFC EMPLOYEES TO USE TO GROW THEIR FINANCIAL KNOW-HOW, BUILD A SAVINGS HABIT AND BOOST THEIR SAVINGS. THE FOUNDATION ALSO OFFERS A BIANNUAL SAVINGS MATCH WHERE EACH EMPLOYEE RECEIVES UP TO $260 IN MATCHED SAVINGS. IN 2023, WE AWARDED $133,640 IN MATCHED SAVINGS. MENTAL HEALTH SUPPORT: WE OFFICE A CONFIDENTIAL CRISIS TEXT LINE FOR FREE 24/7 TEXT-BASED MENTAL HEALTH SUPPORT AND CRISIS INTERVENTION FOR THE KFC FAMILY.

    Expenses $493,658 · Grants $195,658

As filed on the 2023 return.

Listed in Part VII

  • Emma Horn

    SECRETARY/EXECUTIVE DIRECTOR

    Total calculated
    $156,823
    From this org
    $135,725
    From related orgs
    $0
    Other
    $21,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $8,884
    Other
    $1,841
    Deferred
    $8,243
    Nontaxable benefits
    $12,855
    Filer's total
    $156,823

  • Debra Rollins

    ASST. SECRETARY

    Total calculated
    $85,523
    From this org
    $78,037
    From related orgs
    $0
    Other
    $7,486
    Hours/week
    40

  • Justin Stewart

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Broome

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Holly Winkle

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karen Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Everett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Bowling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clinton Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Ancira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Chavez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
31 August 2024
IRS schema version
2023v5.0
Source object
202442579349300249

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