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Nonprofiteer
← DRIVEN BRANDS CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by DRIVEN BRANDS CHARITABLE FOUNDATION.

Totals

Total revenue
$1,721,207
Total expenses
$1,018,361
Contributions and grants received
$1,721,207
Grants paid
$879,057
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,043,046
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,043,046
Program services expenses (Part IX)
$879,057
Management and general expenses
$139,304
Fundraising expenses
$0
Program service expenses (Part III)
$879,057

Program services were 86.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,721,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $589,392 · program services $589,392

  • 2 · Grants to domestic individuals

    total $289,665 · program services $289,665

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 11g · Fees: other

    total $483 · management and general $483

  • 24a · Other expenses: EVENT & CAMPAIGN EXPENS

    total $131,924 · management and general $131,924

  • 24b · Other expenses: OTHER EXPENSES

    total $5,829 · management and general $5,829

  • 24c · Other expenses: PROCESSING FEES

    total $568 · management and general $568

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,466 · end of year $1,043,046

  • 18 · Grants payable

    beginning of year $360,000

  • 27 · Net assets without donor restrictions

    beginning of year $45,466 · end of year $1,043,046

Mission and programs · 2022

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 $280,000 WAS PROVIDED TO VARIOUS EMPLOYEES FOR HARDSHIP ASSISTANCE.

    Expenses $879,057 · Grants $879,057

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Fitzpatrick

    CEO & PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Mason

    CFO & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nick Vincent

    CPO & 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

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 INC

    C · AUTOMOTIVE · DE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349302213

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