Darden Restaurants Inc Foundation
- Assets
- $4.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 10/1995
- Data as of
- 05/2023
- EIN
- 59-3332929
Organization Overview
Darden Restaurants Inc Foundation is located in Orlando, FL. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Darden Restaurants Inc 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 05/2023, Darden Restaurants Inc Foundation generated $4.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $4.2m during the year ending 05/2023. While expenses have increased by 2.1% per year over the past 4 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 2021, Darden Restaurants Inc Foundation has awarded 95 individual grants totaling $13,241,457. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mone Isaia Assistant Secretary | 1 | $0 | |
Susan M Connelly President | 1 | $0 | |
Ricardo Cardenas Chairman & Trustee | 1 | $0 | |
Matthew R Broad Trustee | 1 | $0 | |
Mary Darden Trustee | 1 | $0 | |
Anthony G Morrow Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,012,142 |
| Interest on Savings | $145,796 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,157,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,106 |
| Contributions, gifts, grants paid | $4,229,625 |
| Total expenses and disbursements | $4,241,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,002 |
| Savings and temporary cash investments | $4,032,269 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,282,271 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Darden Restaurants Inc Foundation has awarded $4,229,625 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
A GIFT FOR TEACHING INC PURPOSE: GRANTS - EDUCATION GIFT MATCH | $824 |
AMERICAN NATIONAL RED CROSS & ITS CONSTITUENT CHAPTERS AND BRANCHES PURPOSE: GRANTS - HEALTHY COMMUNITIES | $500,000 |
BOYS & GIRLS CLUBS OF AMERICA PURPOSE: GRANTS - HEALTHY COMMUNITIES | $500,000 |
COALITION FOR THE HOMELESS OF CENTRAL FL INC PURPOSE: GRANTS - HEALTHY COMMUNITIES | $10,000 |
FEEDING AMERICA PURPOSE: GRANTS - HEALTHY COMMUNITIES | $2,000,000 |
CONDUCTIVE EDUCATION CENTER OF ORLANDO INC PURPOSE: GRANTS - EDUCATION GIFT MATCH | $3,000 |