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← DRIVEN BRANDS CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by DRIVEN BRANDS CHARITABLE FOUNDATION.

Totals

Total revenue
$1,318,257
Total expenses
$1,424,451
Contributions and grants received
$1,277,167
Grants paid
$1,215,991
Program service revenue
$0
Investment income
$7
Other revenue
$41,083
Total assets, end of year
$331,948
Total liabilities, end of year
$132,467
Net assets or fund balances, end of year
$199,481
Program services expenses (Part IX)
$1,236,421
Management and general expenses
$9,884
Fundraising expenses
$178,146
Program service expenses (Part III)
$1,424,451

Program services were 86.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,277,167

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $7 · related or exempt $7

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $69,392

  • 8b · Fundraising events: direct expenses

    $28,428

  • 8c · Net income from fundraising events

    total $40,964 · excluded $40,964

  • 11a · Other revenue: Other income

    total $119 · related or exempt $119

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $119

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,166,822 · program services $1,166,822

  • 2 · Grants to domestic individuals

    total $49,169 · program services $49,169

  • 11c · Fees: accounting

    total $4,143 · management and general $4,143

  • 11g · Fees: other

    total $7,864 · program services $2,155 · management and general $5,709 · fundraising $0

  • 13 · Office expenses

    total $363 · program services $138 · fundraising $225

  • 17 · Travel

    total $6,128 · fundraising $6,128

  • 24a · Other expenses: Fundraising Expenses

    total $171,793 · fundraising $171,793

  • 24b · Other expenses: Supplies

    total $18,137 · program services $18,137

  • 24c · Other expenses: Dues and Subscriptions

    total $32 · management and general $32

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $470,875 · end of year $246,026

  • 4 · Accounts receivable

    end of year $85,922

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $3,848

  • 18 · Grants payable

    end of year $128,619

  • 22 · Loans and payables to officers and key people

    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 $470,875 · end of year $199,481

Mission and programs · 2024

Mission

THE FOUNDATION IS ORGANIZED FOR CHARITABLE PURPOSES, INCLUDING, BUT NOT LIMITED TO ASSISTING IN RAISING MONEY AND AWARENESS FOR ISSUES IMPACTING EDUCATIONAL ACCESS FOR CHILDREN AND THE HEALTH AND WELL BEING OF VETERANS, OTHER ADULTS, AND THE COMMUNITIES IN WHICH THEY LIVE, INCLUDING WITHOUT LIMITATION, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANZIATIONS UNDER SECTION 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") (OF THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE CODE). THE FOUNDATION MAY LAWFULLY BE CARRIED ON BY A CORPORATION FORMED UNDER THE LAWS OF NORTH CAROLINA AND WHICH ARE NOT INCONSISTENT WITH THE FOUNDATION'S QUALIFICATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED TO RAISE AWARENESS OF ISSUES IMPACTING EDUCATIONAL ACCESS FOR CHILDREN AND HEALTH OF VETERANS AND OTHER ADULTS.

  • DRIVEN BRANDS CHARITABLE FOUNDATION PROVIDED FUNDS TO ORGANIZATIONS BENEFITING THE COMMUNITY, CHILDREN'S HEALTHCARE AND ORGANIZATIONS PROVIDING SUPPORT SERVICES TO VETERANS, ACTIVE MILITARY & THEIR FAMILES. OVER 2 MILLION WAS DISTRIBUTED TO VARIOUS COMMUNITY ORGANIZATIONS. OVER $110,000 WAS PROVIDED TO VARIOUS EMPLOYEES FOR HARDSHIP ASSISTANCE.

    Expenses $1,424,451 · Grants $1,034,543 · Revenue $1,318,257

As filed on the 2024 return.

Listed in Part VII

  • Gary Ferrera

    Treasurer (January - May 7, 2024)

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Fitzpatrick

    President

    Total calculated
    $0
    Hours/week
    1

  • Karen Conrad

    Treasurer (May 8, 2024 - current)

    Total calculated
    $0
    Hours/week
    1

  • Nick Vincent

    Secretary

    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.

Grants on this return

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Driven Brands

    C Corporation · Automotive · DE · 0% owned

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.1
Source object
202533149349301708

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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