2024-11-15T18:30:38-06:00 2023-12-31 952302617 SINGERLEWAK LLP 2010 MAIN ST STE 300 IRVINE CA 92614 990 2023-01-01 330523542 TACO BELL FOUNDATION INC TACO 9498634500 ONE GLEN BELL WAY IRVINE CA 92618 JAMES CASCONE TREASURER 9498634500 2024-10-30 1 0 LIOR TEMKIN P00748170 9492618600 2024-10-30 2023 2024-10-15 13:58:12Z TACO BELL FOUNDATION JAMES CASCONE ONE GLEN BELL WAY IRVINE CA 92618 50912118 0 X WWW.TACOBELLFOUNDATION.ORG X 1992 CA THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS. 8 8 19 8 0 0 35171246 47265558 0 0 70762 1445596 0 0 35242008 48711154 16083389 26113127 0 0 1389649 2072937 0 0 1037037 1450172 3606130 18923210 31792194 16318798 16918960 49068263 69602729 492915 3762441 48575348 65840288 THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS. 0 0 18868278 16407844 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 $78.5 MILLION TO APPROXIMATELY 350 BOYS AND GIRLS CLUBS ACROSS THE COUNTRY. 11160636 9705283 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 2023 SCHOLARSHIP PROGRAM AWARDED $9.7 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 $36.9 MILLION IN EDUCATION SUPPORT TO NEARLY 3000 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. 30028914 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 38 0 1 19 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA AL AK AZ AR CO CT DC FL GA ID IL IN IA KS KY LA MT NE NV NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT DE VA WA WV WI WY MD MA MI MN MS MO HI VT X X CARI ANDERSON 9498634321 ONE GLEN BELL WAY IRVINE CA 92618 JENNIFER BRADBURY EXECUTIVE DIRECTOR 40.00 X 230770 0 23325 MARCHELA IAHDJIAN PROGRAMS AND PARTNERSHIPS 40.00 X 125481 0 17728 MORGAN TABOR DEVELOPMENT MANAGER 40.00 X 104875 0 18229 NEIL BORKAN CHAIRMAN 10.00 X X 0 0 0 SEAN TRESVANT START 04272023 VICE CHAIRMAN 0.20 X X 0 0 0 JAMES CASCONE TREASURER 2.50 X X 0 0 0 ROB ALVARADO DIRECTOR 0.20 X 0 0 0 IMAAN FERDOWSI DIRECTOR 0.20 X 0 0 0 DAVID GRIEVE DIRECTOR 0.20 X 0 0 0 MARK KING DIRECTOR 0.20 X 0 0 0 MARJORIE PERLMAN DIRECTOR 0.20 X 0 0 0 461126 0 59282 3 0 1 0 0 39800105 7465453 47265558 1445596 1445596 2200964 39800105 2200964 0 48711154 0 0 1445596 16407844 16407844 9705283 9705283 254094 121965 45737 86392 1674303 803665 301375 569263 144540 69379 26017 49144 108369 108369 5350 5350 43371 43371 1896419 1878800 17619 572936 572936 22834 10960 4110 7764 84730 40671 15251 28808 8333 4000 1500 2833 861273 413411 155029 292833 2515 2515 31792194 30028914 726243 1037037 42244355 31507298 4351846 33851371 2465030 4243078 3535 0 31120 30140 3495 980 2 2 49068263 69602729 492915 3762441 492915 3762441 X 48066706 65840288 508642 0 48575348 65840288 49068263 69602729 16918960 345980 0 X X 0 1 X 1 0 X 21673432 21907033 23838646 35171246 47265558 149855915 21673432 21907033 23838646 35171246 47265558 149855915 3698451 146157464 131143 84038 56101 218081 1445596 1934959 151790874 0.96290 0.96150 X 31120 30140 980 980 X 54139836 345980 3036738 2045964 5428682 48711154 0 48711154 36874896 3036738 2045964 5082702 31792194 0 31792194 PART X, LINE 2: THE FOUNDATION HAS BEEN DESIGNATED AS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS ALSO EXEMPT FROM STATE FRANCHISE TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS NOT GENERALLY SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS, IN THE OPINION OF MANAGEMENT, THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS IS NOT MATERIAL TO THE BASIC FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE FOUNDATION WILL RECOGNIZE THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE FOLLOWING SUMMARIZES THE OPEN TAX YEARS FOR EACH MAJOR JURISDICTION: JURISDICTION OPEN TAX YEARS FEDERAL 2020 - 2023 STATE 2019 - 2023 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ALLOCATED TO FUNCTIONAL EXPENSES 2,045,964. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ALLOCATED FROM FUNDRAISING INCOME 2,045,964. TACO CHARITY FUNDRAISER 41959569 39760780 2198789 2198789 3 41500 39325 2175 2175 42001069 39800105 2200964 2200964 2200964 0 1 YOURCAUSE LLC 6505 W PARK BLVD SUITE 306 PMB 369 PLANO TX 75093 260638742 501(C)(3) 12081704 0 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. JUNIOR ACHIEVEMENT USA (LOCAL OFFICES - LIST AVAILABLE UPON REQUEST) VARIOUS LOCATIONS THROUGHOUT THE US MULTIPLE LOCATIONS CA 99999 841223492 501(C)(3) 1577430 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP CITY YEAR INC 287 COLUMBUS AVE BOSTON MA 02116 222882549 501(C)(3) 1018240 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP NATIONAL COLLEGE ADVISING CORPS INC 301 W BARBEE CHAPEL RD STE 210 CHAPEL HILL NC 27517 461192687 501(C)(3) 535470 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP BOYS & GIRLS CLUBS OF AMERICA (LOCAL OFFICES - LIST AVAILABLE UPON REQUEST) VARIOUS LOCATIONS THROUGHOUT THE US MULTIPLE LOCATIONS CA 92618 135562976 501(C)(3) 141217 0 TO PROVIDE FINANCIAL SUPPORT AT THE LOCAL LEVEL FOR BOYS AND GIRLS CLUBS THROUGHOUT THE UNITED STATES, THE LOCAL CLUBS USE THESE FUNDS TO HELP TEENAGERS TO GRADUATE FROM HIGH SCHOOL BY PROVIDING RESOURCES AND A SAFE LOCATION IN WHICH TO STUDY. JOBS FOR THE FUTURE INC 50 MILK ST BOSTON MA 02108 061164568 501(C)(3) 100000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP USASPIRE 6 LIBERTY SQUARE BOSTON MA 02109 461314848 501(C)(3) 100000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP BRAVEN INC 100 N LASALLE STREET CHICAGO IL 60602 464340594 501(C)(3) 50000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP FULFILLMENT FUND 1150 S OLIVE ST LOS ANGELES CA 90015 953180934 501(C)(3) 25000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP MONEYTHINK 1730 DWIGHT WAY BERKELEY CA 94703 271052771 501(C)(3) 25000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP YMCA OF RAPID CITY 815 KANSAS CITY ST RAPID CITY MI 57701 460227218 501(C)(3) 7500 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP AMERICAN EDUCATION ASSISTANCE FOUNDATION 40 BURTON HILLS BLVD NASHVILLE TN 37215 061688758 501(C)(3) 5500 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP 452 LIVE MAS SCHOLARSHIP 979 9705283 PART I, LINE 2 THE PARTNER ORGANIZATIONS REPORT TO THE FOUNDATION ON A REGULAR BASIS HOW THEY ARE FULFILLING THE CONDITIONS OF THEIR GRANT AGREEMENT AND HOW THEY ARE TRACKING AGAINST THE KEY PERFORMANCE INDICATORS THAT THE FOUNDATION PUT FORTH (NUMBER OF TEENS REACHED, NUMBER OF PROJECTS IMPLEMENTED, TEENS WHO HAVE MADE THE PROMISE TO GRADUATE, ETC.). THE PARTNER ORGANIZATIONS ALSO PROVIDE THE FOUNDATION WITH ASSETS LIKE PICTURES, VIDEOS, TEEN STORIES, ETC. X 0 0 0 0 0 0 0 0 0 JENNIFER BRADBURY EXECUTIVE DIRECTOR 211539 0 0 0 19231 0 13758 0 9567 0 254095 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING PERSONS HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER OUTSIDE OF TACO BELL FOUNDATION: (1) KELLY MUCCULLOCH, (2) STEVE PLANK, (3) MARK KING. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION PUT THEIR GRANT AWARD PROGRAM UNDER THE SUPERVISION OF AN OUTSIDE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY TO REVIEW BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C TACO BELL FOUNDATION HAS ADOPTED TACO BELL CORPORATION'S (YUM! BRANDS) CODE OF CONDUCT AND CONFLICT OF INTEREST POLICIES; THESE ARE REVIEWED ON A REGULAR BASIS AND PROVIDED TO THE OFFICERS/DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND ON CHARITYNAVIGATOR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR.