Nonprofit · EIN 46-1439039
DRIVEN BRANDS CHARITABLE FOUNDATION
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,318,257 | $1,424,451 | -$106,194 | $331,948 | $132,467 | $199,481 |
| December 31, 2023 | 990 | $2,003,649 | $2,575,820 | -$572,171 | $470,875 | $0 | $470,875 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,277,167
- Program service revenue
- $0
- Investment income
- $7
- Net income from fundraising events
- $40,964
- Other revenue
- $41,083
Expenses
- Grants and similar amounts paid
- $1,215,991
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,143
- Travel
- $6,128
- Program services (functional)
- $1,236,421
- Management and general (functional)
- $9,884
- Fundraising (functional)
- $178,146
Balance sheet and other
- Total assets, start of year
- $470,875
- Total assets, end of year
- $331,948
- Total liabilities, end of year
- $132,467
- Net assets, end of year
- $199,481
- Net assets without donor restrictions
- $199,481
- Gross receipts
- $1,346,685
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2012
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Ferrera | Treasurer (January - May 7, 2024) Trustee or director, Officer | 1 | $0 |
| Jonathan Fitzpatrick | President Trustee or director, Officer | 1 | $0 |
| Karen Conrad | Treasurer (May 8, 2024 - current) Trustee or director, Officer | 1 | $0 |
| Nick Vincent | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Ferrera | Treasurer Trustee or director, Officer | 1 | $0 |
| Jonathan Fitzpatrick | President Trustee or director, Officer | 1 | $0 |
| Nick Vincent | Secretary Trustee or director, Officer | 1 | $0 |
| Tiffany Mason | Treasurer - through 05/04/23 Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 440 S CHURCH ST STE 700, CHARLOTTE, NC 28202-2059
- In care of
- % JACKY WU
- Principal officer (990 for 2024)
- Karen Conrad, 440 South Church St Suite 700, Charlotte, NC 28202
- Signed the 990
- Nick Vincent, Secretary
- Phone
- (888) 871-8117
- 990-N for 2012 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Noah Pollack, 440 South Church St Ste 700, Charlotte NC 28209. Mailing address: 440 South Church St Suite 700, Charlotte NC 28209. Website: http://drivenbrandscharitablefoundation.org/
- Return prepared by
- Forvis Mazars LLP
Mission
THE FOUNDATION IS ORGANIZED FOR CHARITABLE PURPOSES, INCLUDING, BUT NOT LIMITED TO ASSISTING IN RAISING MONEY AND AWARENESS FOR ISSUES IMPACTING EDUCATIONAL ACCESS FOR CHILDREN AND THE HEALTH AND WELL BEING OF VETERANS, OTHER ADULTS, AND THE COMMUNITIES IN WHICH THEY LIVE, INCLUDING WITHOUT LIMITATION, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANZIATIONS UNDER SECTION 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") (OF THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE CODE). THE FOUNDATION MAY LAWFULLY BE CARRIED ON BY A CORPORATION FORMED UNDER THE LAWS OF NORTH CAROLINA AND WHICH ARE NOT INCONSISTENT WITH THE FOUNDATION'S QUALIFICATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE.
Program accomplishments
- 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.Expenses $1,424,451 · grants $1,034,543 · revenue $1,318,257
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1439039
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $331,948
- Income (IRS master file)
- $1,346,685
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,318,257 | $1,424,451 | $331,948 | IRS |
| 990 | December 2023 | $2,003,649 | $2,575,820 | $470,875 | XML |
| 990 | December 2022 | $1,721,207 | $1,018,361 | $1,043,046 | IRS |
| 990 | December 2021 | $1,435,404 | $1,532,709 | $405,466 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2012 Officer: Noah Pollack Filed under this EIN, most likely by a chapter or affiliate | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1439039).
Questions about DRIVEN BRANDS CHARITABLE FOUNDATION
- What is the EIN of DRIVEN BRANDS CHARITABLE FOUNDATION?
- The employer identification number (EIN) of DRIVEN BRANDS CHARITABLE FOUNDATION is 46-1439039.
- Is DRIVEN BRANDS CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to DRIVEN BRANDS CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DRIVEN BRANDS CHARITABLE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DRIVEN BRANDS CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRIVEN BRANDS CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DRIVEN BRANDS CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names Karen Conrad.
- Who are the officers and directors of DRIVEN BRANDS CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does DRIVEN BRANDS CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,318,257, expenses of $1,424,451 and total assets of $331,948 at year end.
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