Taco Bell Foundation Inc
- Assets
- $32.9m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Irvine, CA
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 33-0523542
Organization Overview
Taco Bell Foundation Inc, operating under the name Taco Bell Foundation, is located in Irvine, CA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Taco Bell Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taco Bell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Taco Bell Foundation generated $23.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $19.2m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Taco Bell Foundation has awarded 122 individual grants totaling $50,199,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 $55 MILLION TO APPROXIMATELY 300 BOYS AND GIRLS CLUBS ACROSS THE COUNTRY.
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 2021 SCHOLARSHIP PROGRAM AWARDED $6.3 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 $18 MILLION IN EDUCATION SUPPORT TO NEARLY 1500 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bradbury Sr. Director | Officer | 40 | $308,062 |
Morgan Tabor Development Manager | 40 | $122,801 | |
Amber Snowden Marketing Manager | 40 | $102,507 | |
Marchela Iahdjian Programs And Partnerships Manager | 40 | $100,597 | |
Neil Borkan Chairman/director | OfficerTrustee | 10 | $0 |
James Cascone Treasurer/director | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,061,296 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,777,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,838,646 |
| Total Program Service Revenue | $0 |
| Investment income | $56,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,910,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,816,722 |
| Grants and other assistance to domestic individuals. | $7,261,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,062 |
| Compensation of current officers, directors, key employees. | $86,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $741,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,392 |
| Fees for services: Management | $61,647 |
| Fees for services: Legal | $11,573 |
| Fees for services: Accounting | $28,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $516,081 |
| Advertising and promotion | $224,923 |
| Office expenses | $89,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,195 |
| Insurance | $0 |
| All other expenses | $8,143 |
| Total functional expenses | $19,167,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,790,823 |
| Savings and temporary cash investments | $2,503,721 |
| Pledges and grants receivable | $5,585,914 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,535 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,148 |
| Total assets | $32,895,109 |
| Accounts payable and accrued expenses | $182,608 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,608 |
| Net assets without donor restrictions | $31,712,501 |
| Net assets with donor restrictions | $1,000,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,895,109 |
Grants Awarded
Over the last fiscal year, Taco Bell Foundation Inc has awarded $9,813,222 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
YOURCAUSE LLC PURPOSE: 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. | $6,777,629 |
JUNIOR ACHIEVEMENT USA (LOCAL OFFICES - LIST AVAILABLE UPON REQUEST) PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP | $1,415,933 |
Boston, MA PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP | $807,322 |
Chapel Hill, NC PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP | $495,075 |
Boston, MA PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP | $100,000 |
Chicago, IL PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Taco Bell Foundation Inc has recieved totaling $201,098.
| Awarding Organization | Amount |
|---|---|
Team Tacala Charities Vestavia Hills, AL PURPOSE: SUPPORT ACTIVITIES | $190,997 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |
Baby2baby Los Angeles, CA | $23,910,524 | $31,584,050 |
Food Bank For Monterey County Salinas, CA | $26,383,272 | $28,927,721 |
Self Enhancement Inc Portland, OR | $28,150,324 | $38,753,460 |
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |