Kentucky Fried Chicken Foundation Inc
- Assets
- $10.6m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 61-1337601
Organization Overview
Kentucky Fried Chicken Foundation Inc, operating under the name Kfc Foundation Inc, is located in Louisville, KY. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kfc Foundation Inc 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, Kfc Foundation Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 17.6% per year over the past 8 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, Kfc Foundation Inc has awarded 161 individual grants totaling $1,610,000. 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
KFC FOUNDATION, AN INDEPENDENT NON-PROFIT ORGANIZATION, PROVIDES CHARITABLE SUPPORT TO KFC U.S. RESTAURANT EMPLOYEES THROUGH EDUCATION, HARDSHIP ASSISTANCE AND PERSONAL FINANCE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM: THIS PROGRAM HELPS EMPLOYEES AT KFC U.S. RESTAURANTS PURSUE THEIR DREAMS OF GOING TO COLLEGE. EMPLOYEES OF ANY AGE, ANY POSITION, PURSUING ANY DEGREE CAN RECEIVE MONEY TO HELP THEM ATTEND THE ACCREDITED FOUR-YEAR OR TWO-YEAR COLLEGE OF THEIR CHOICE. THE MONEY CAN ALSO BE USED AT TRADE/ VOCATIONAL SCHOOLS AND FOR GRADUATE STUDY. IN 2023 THIS PROGRAM PROVIDED 525 RECIPIENTS WITH COLLEGE SCHOLARSHIPS.
GED PROGRAM: FOR KFC RESTAURANT EMPLOYEES WHO DID NOT GRADUATE FROM HIGH SCHOOL, THE GED PROGRAM IS A PATHWAY TO ACHIEVING THEIR DREAMS. EVERY ELIGIBLE KFC RESTAURANT EMPLOYEE WHO SEEKS GED ASSISTANCE IS ADMITTED INTO THIS FREE, ALL-INCLUSIVE PROGRAM THAT PROVIDES UNLIMITED ACCESS TO GED PREPARATION AND TESTING. OFFERED IN BOTH ENGLISH AND SPANISH, THE GED PROGRAM INCLUDES A TEST PASS GUARANTEE AND A PERSONAL GED ADVISOR WHO IS WITH THE EMPLOYEE-STUDENT EVERY STEP OF THE WAY. PARTICIPANTS WITHOUT PERSONAL COMPUTERS ARE ALSO PROVIDED A LAPTOP AND INTERNET ACCESS TO ENSURE THAT THEY CAN STUDY ON THEIR OWN AND COMPLETE THEIR GED. 66 PARTICIPANTS EARNED THEIR GEDS IN 2023. FINANCIAL LITERACY: THIS PROGRAM PROVIDES AN ONLINE PLATFORM FOR KFC EMPLOYEES TO USE TO GROW THEIR FINANCIAL KNOW-HOW, BUILD A SAVINGS HABIT AND BOOST THEIR SAVINGS. THE FOUNDATION ALSO OFFERS A BIANNUAL SAVINGS MATCH WHERE EACH EMPLOYEE RECEIVES UP TO $260 IN MATCHED SAVINGS. IN 2023, WE AWARDED $133,640 IN MATCHED SAVINGS. MENTAL HEALTH SUPPORT: WE OFFICE A CONFIDENTIAL CRISIS TEXT LINE FOR FREE 24/7 TEXT-BASED MENTAL HEALTH SUPPORT AND CRISIS INTERVENTION FOR THE KFC FAMILY.
KFC FAMILY FUND: THIS CRISIS ASSISTANCE PROGRAM IS AVAILABLE TO KFC U.S. RESTAURANT EMPLOYEES WHO HAVE BEEN DIRECTLY IMPACTED BY A SEVERE HARDSHIP, CRISIS, OR CATASTROPHIC INCIDENT THAT WAS BEYOND THEIR CONTROL. THE PURPOSE OF THE PROGRAM IS TO PROVIDE TEMPORARY, LIMITED FINANCIAL RELIEF. WHILE MONEY CAN'T ELIMINATE THE SORROW, IT CAN HOPEFULLY ELIMINATE SOME OF THE ADDED STRESS THAT OFTEN ACCOMPANIES IT. IN 2023, THE FAMILY FUND PROVIDED RELIEF TO 133 TEAM MEMBERS. SINCE THIS PROGRAM BEGAN IN DECEMBER 2015, IT HAS PROVIDED OVER $1,785,000 TO TEAM MEMBERS IN NEED.
KENTUCKY FRIED WISHES: KFC RESTAURANT TEAM MEMBERS CAN NOMINATE THEIR LOCAL IRC § 501(C)(3) NON-PROFIT ORGANIZATION FOR A $10,000 KENTUCKY FRIED WISHES GRANT TO FUND AN ACTIONALBLE PROJECT ON ITS WISH LIST. IN 2023, THE KFC FOUNDATION GRANTED ONE HUNDRED (100) KENTUCKY FRIED WISHES GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Horn Secretary/executive Director | Officer | 40 | $135,725 |
Debra Rollins Asst. Secretary | Officer | 40 | $78,037 |
Justin Stewart Board Chair | OfficerTrustee | 2 | $0 |
Tom Broome Vice Chair | OfficerTrustee | 1 | $0 |
Holly Winkle Treasurer | OfficerTrustee | 1 | $0 |
Karen Adams Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel J Edelman Inc Public Relations, Promotion And Adverstising | 12/30/23 | $244,632 |
Julius Inc Career Coaching | 12/30/23 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,401 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,582,659 |
| Noncash contributions included in lines 1a–1f | $73,234 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,785,060 |
| Total Program Service Revenue | $0 |
| Investment income | $142,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,362 |
| Net Income from Fundraising Events | -$85,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,895,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,060 |
| Grants and other assistance to domestic individuals. | $3,494,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,917 |
| Compensation of current officers, directors, key employees. | $58,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,284 |
| Pension plan accruals and contributions | $13,767 |
| Other employee benefits | $24,258 |
| Payroll taxes | $35,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $24,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,319 |
| Fees for services: Other | $69,124 |
| Advertising and promotion | $465,285 |
| Office expenses | $138,139 |
| Information technology | $19,366 |
| Royalties | $0 |
| Occupancy | $2,418 |
| Travel | $45,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,259 |
| All other expenses | $9,102 |
| Total functional expenses | $6,492,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,228 |
| Savings and temporary cash investments | $3,217,645 |
| Pledges and grants receivable | $2,724,793 |
| Accounts receivable, net | $58,805 |
| 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 | $52,968 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,504,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,603,378 |
| Accounts payable and accrued expenses | $338,673 |
| Grants payable | $0 |
| Deferred revenue | $77,915 |
| 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 | $416,588 |
| Net assets without donor restrictions | $10,163,074 |
| Net assets with donor restrictions | $23,716 |
| 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 | $10,603,378 |
Grants Awarded
Over the last fiscal year, Kentucky Fried Chicken Foundation Inc has awarded $1,000,000 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
ABC HOPES | | | $10,000 |
ABUSED ADULT RESOURCE CENTER | | | $10,000 |
ADAPTIVE SPORTS FOUNDATION | | | $10,000 |
ANGEL HEART PAJAMA PROJECT | | | $10,000 |
ANSON COUNTY PARTNERSHIP FOR CHILDREN | | | $10,000 |
ARC BROWARD | | | $10,000 |