Popeyes Foundation Inc
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2021
- EIN
- 81-4524745
Organization Overview
Popeyes Foundation Inc is located in Miami, FL. 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. Popeyes 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 12/2021, Popeyes Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE POPEYES FOUNDATION HAS BEEN CREATED TO SUPPORT TWO CAUSES - FOR OUR FAMILY WE DEVELOPED THE POPEYES FOUNDATION FAMILY FUND TO ASSIST WITH IMMEDIATE NEEDS OF EMPLOYEES AND/OR THEIR IMMEDIATE FAMILY MEMBERS WHO MAY BE VICTIMS OF DISASTER OR OTHER EMERGENCY HARDSHIP SITUATIONS. FOR OUR COMMUNITY, WE WILL FOCUS ON HUNGER RELIEF EFFORTS PRIMARILY THROUGH OUR PARTNERSHIP WITH NO KID HUNGRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 PRESENTED EVEN MORE DIFFICULTIES WITH FUNDRAISING. WITH STAFFING ISSUES HITTING ALL INDUSTRIES, OURS WAS NO DIFFERENT. VIRTUAL ENVIRONMENT PRESENTED LIMITED FUNDRAISING OPPORTUNITIES. IN SPITE OF THAT, THERE WERE STILL BIG EFFORTS MADE AND BIG WINS. IN-RESTAURANT FUNDRAISING TOTALED OVER $638,000. FACING A SECOND YEAR WITH A VIRTUAL ANNUAL FRANCHISEE CONVENTION, FUNDRAISING EFFORTS WERE LIMITED TO OUR ANNUAL ONLINE SILENT AUCTION, WHICH TURNED OUT TO BE OUR HIGHEST SILENT AUCTION TO DATE RAISING 23% MORE THAN IN 2020. ADDITIONALLY, WE HAD VENDOR PARTNERS GIVE AN ADDITIONAL $47,000 IN LIEU OF, OR IN ADDITION TO, SILENT AUCTION ITEMS. OUR PARTNERSHIP WITH NO KID HUNGRY CONTINUED IN 2021 AS WE PROVIDED A GRANT TOTALING $440,000, BRINGING OUR TOTAL PARTNERSHIP SUPPORT TO OVER $1.2 MILLION TO DATE. WE HAD A GREAT INITIATIVE WITH THE POPEYES BRAND THROUGH THE CELEBRATION OF OUR NEW NUGGETS BY GIVING AWAY 1 MILLION NUGGETS IN THE FORM OF GIFT CARDS. GIFT CARDS TOTALING $1 MILLION WERE DONATED TO SECOND HARVEST FOOD BANK FEEDING SOUTH LOUISIANA. IN AUGUST, NEW ORLEANS, LOUISIANA WAS HIT WITH THE DEVASTATING HURRICANE IDA. OVERNIGHT WE WERE FLOODED WITH FAMILY FUND APPLICATIONS FROM OUR TEAM MEMBERS. DUE TO THE NUMBER OF APPLICATIONS COMING IN AND THE SPEED AT WHICH THEY WERE COMING IN, WE CALLED ON 65 BRAND TEAM MEMBERS TO SERVE AS VOLUNTEERS TO ASSIST IN PROCESSING APPLICATIONS. POPEYES FRANCHISE ASSOCIATION, POPEYES INTERNATIONAL FRANCHISE ASSOCIATION (PIFA), IMMEDIATELY STEPPED UP TO ASSIST BY DONATION $100,000 TO THE FOUNDATION TO HELP PROVIDE GRANTS TO OUR TEAM MEMBERS. IN TOTAL FOR 2021, WE PROVIDED OVER 400 FAMILY FUND GRANTS TOTALING OVER $275,000, INCLUDING 350 WHO WERE IMPACTED BY HURRICANE IDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruno Cardinali President | OfficerTrustee | 2 | $0 |
Tiffany Ahmed Treasurer | OfficerTrustee | 2 | $0 |
Robin Schafer Secretary | OfficerTrustee | 2 | $0 |
Renee Hobbs Executive Director | Officer | 50 | $0 |
Leondro Gasparin Director | Trustee | 1 | $0 |
Mark Rinna Director | Trustee | 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 | $1,506,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,506,449 |
| Total Program Service Revenue | $0 |
| Investment income | $38,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,544,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $753,738 |
| Grants and other assistance to domestic individuals. | $271,946 |
| 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 | $213,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,611 |
| Advertising and promotion | $49,429 |
| Office expenses | $483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,495 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,381,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $317,387 |
| 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 | $2,931 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $967,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,897,603 |
| Accounts payable and accrued expenses | $354,713 |
| 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 | $354,713 |
| Net assets without donor restrictions | $1,368,023 |
| Net assets with donor restrictions | $174,867 |
| 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 | $1,897,603 |
Grants Awarded
Over the last fiscal year, Popeyes Foundation Inc has awarded $646,352 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ANNUAL DONATIONS | $639,352 |
TOUPS MEATERY PURPOSE: ANNUAL DONATIONS | $5,000 |
THE LEE INITIATIVE INC PURPOSE: ANNUAL DONATIONS | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Popeyes Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Continental Grain Foundation New York, NY PURPOSE: UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |