Driven Brands Charitable Foundation
- Assets
- $470.9k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-1439039
Organization Overview
Driven Brands Charitable Foundation, operating under the name See Schedule O, is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 12/2023, See Schedule O generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, See Schedule O has awarded 164 individual grants totaling $7,042,609. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED TO RAISE AWARENESS OF ISSUES IMPACTING EDUCATIONAL ACCESS FOR CHILDREN AND HEALTH OF VETERANS AND OTHER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer - Through 05/04/23 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,950,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,950,250 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,399 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,003,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,228,673 |
| Grants and other assistance to domestic individuals. | $111,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $869 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,299 |
| Advertising and promotion | $0 |
| Office expenses | $574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,575,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $470,875 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $470,875 |
| Net assets with donor restrictions | $0 |
| 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 | $470,875 |
Grants Awarded
Over the last fiscal year, Driven Brands Charitable Foundation has awarded $2,210,670 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
CYSTIC FIBROSIS FOUNDATION PURPOSE: Charitable Assistance | $145,000 |
FOLDS OF HONOR PURPOSE: Charitable Assistance | $170,000 |
OPERATION HOMEFRONT PURPOSE: Charitable Assistance | $65,000 |
AKRON CHILDREN'S HOSPITAL PURPOSE: Charitable Assistance | $46,184 |
AMERICAN FAMILY CHILDREN'S HOSPITAL PURPOSE: Charitable Assistance | $9,005 |
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO PURPOSE: Charitable Assistance | $30,850 |