2023-11-16T17:27:17-06:00 2022-12-31 952302617 SINGERLEWAK LLP 2010 MAIN ST STE 300 IRVINE CA 92614 990 2022-01-01 330523542 TACO BELL FOUNDATION INC TACO 9498634500 ONE GLEN BELL WAY IRVINE CA 92618 JAMES CASCONE TREASURER 9498634500 2023-11-09 1 JAMES CASCONE 999009999 0 LIOR TEMKIN P00748170 9492618600 2023-11-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TACO BELL FOUNDATION JAMES CASCONE ONE GLEN BELL WAY IRVINE CA 92618 40268849 0 X WWW.TACOBELLFOUNDATION.ORG X 1992 CA THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS. 12 12 18 12 0 0 23838646 35171246 0 0 71863 70762 0 0 23910509 35242008 17077722 16083389 0 0 1114251 1389649 0 0 600892 975645 1450172 19167618 18923210 4742891 16318798 32895109 49068263 182608 492915 32712501 48575348 THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS. 0 0 10126680 9111464 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 2022 SCHOLARSHIP PROGRAM AWARDED $9.1 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 $25.9 MILLION IN EDUCATION SUPPORT TO NEARLY 2300 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. 7748750 6971925 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 $62 MILLION TO APPROXIMATELY 350 BOYS AND GIRLS CLUBS ACROSS THE COUNTRY. 17875430 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 3 0 1 18 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 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 X X CARI ANDERSON 9498634321 ONE GLEN BELL WAY IRVINE CA 92618 JENNIFER BRADBURY EXECUTIVE DIRECTOR 40.00 X 355214 0 9567 MORGAN TABOR DEVELOPMENT MANAGER 40.00 X 150487 0 9567 MARCHELA IAHDJIAN PROGRAMS AND PARTNERSHIPS 40.00 X 136992 0 9567 AMBER SNOWDEN MARKETING MANAGER 40.00 X 118523 0 9567 NEIL BORKAN CHAIRMAN/DIRECTOR 10.00 X X 0 0 0 MARK KING VICE CHAIR/DIRECTOR 0.20 X X 0 0 0 JAMES CASCONE TREASURER/DIRECTOR 2.50 X X 0 0 0 LEIGH ANNE TUOHY SECRETARY/DIRECTOR 0.20 X X 0 0 0 MARK PETERSON DIRECTOR 0.20 X 0 0 0 STEVE PLANK DIRECTOR 0.20 X 0 0 0 ROB ALVARADO DIRECTOR 0.20 X 0 0 0 TODD BISBOCCI DIRECTOR 0.20 X 0 0 0 IMAAN FERDOWSI DIRECTOR 0.20 X 0 0 0 MARJORIE PERLMAN DIRECTOR 0.20 X 0 0 0 DAVID KATHLEEN GRIEVE DIRECTOR 0.20 X 0 0 0 KELLY MCCULLOCH DIRECTOR 0.20 X 0 0 0 761216 0 38268 4 0 1 0 0 28889447 6281799 35171246 218081 218081 1164989 1312308 -147319 -147319 -147319 3714533 28889447 3714533 0 35242008 0 0 70762 6971925 6971925 9111464 9111464 355215 170503 63939 120773 940077 451237 169214 319626 94357 45292 16984 32081 72707 72707 1786 1786 34699 34699 570085 559728 10357 383991 383991 33078 15877 5954 11247 79419 38122 14295 27002 30172 14483 5431 10258 230351 110569 41463 78319 9219 9219 MISCELLANEOUS EXPENSES 4665 2239 840 1586 18923210 17875430 446888 600892 24790823 42244355 2503721 4351846 5585914 2465030 3535 3535 31120 27625 7968 3495 3148 2 32895109 49068263 182608 492915 182608 492915 X 31712501 48066706 1000000 508642 32712501 48575348 32895109 49068263 16318798 -455951 0 X X 0 1 X 1 0 X 13820550 21673432 21907033 23838646 35171246 116410907 13820550 21673432 21907033 23838646 35171246 116410907 3995460 112415447 14226 131143 84038 56101 218081 503589 116914496 0.96150 0.95960 X 31120 27625 3495 3495 X 40800868 -455951 2671269 3343542 5558860 35242008 0 35242008 24938021 2671269 3343542 6014811 18923210 0 18923210 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, 2022, 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 2019 - 2022 STATE 2018 - 2022 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ALLOCATED TO FUNCTIONAL EXPENSES 3,343,542. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ALLOCATED FROM FUNDRAISING INCOME 3,343,542. TACO CHARITY FUNDRAISER 32463980 28765397 3698583 3698583 3 140000 124050 15950 15950 32603980 28889447 3714533 3714533 3714533 0 1 YOURCAUSE LLC 6505 W PARK BLVD SUITE 306 PMB 369 PLANO TX 75093 260638742 501(C)(3) 5127364 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. BOYS & GIRLS CLUBS OF AMERICA (LOCAL OFFICES - LIST AVAILABLE UPON REQUEST) VARIOUS LOCATIONS THROUGHOUT THE US MULTIPLE LOCATIONS CA 92618 135562976 501(C)(3) 135000 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. JUNIOR ACHIEVEMENT USA (LOCAL OFFICES - LIST AVAILABLE UPON REQUEST) VARIOUS LOCATIONS THROUGHOUT THE US MULTIPLE LOCATIONS CA 99999 841223492 501(C)(3) 962011 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) 613540 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) 100000 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) 315095 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP MENTOR-THE NATIONAL MENTOR PARTNERSHIP 201 SOUTH STREET SUITE 615 BOSTON MA 02111 521674088 501(C)(3) 50000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP AMERICAN CANCER SOCIETY INC 3380 CHASTAIN MEADOWS PKWY NW STE 200 KENNESAW GA 30144 131788491 501(C)(3) 28660 0 TO IMPROVE THE LIVES OF PEOPLE WITH CANCER AND THEIR FAMILIES THROUGH ADVOCACY, RESEARCH, AND PATIENT SUPPORT, TO ENSURE EVERYONE HAS AN OPPORTUNITY TO PREVENT, DETECT, TREAT, AND SURVIVE CANCER ASHOKA 1700 NORTH MOORE STREET ARLINGTON VA 22209 510255908 501(C)(3) 201000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR ENTREPRENEURS CRISIS TEXT LINE 24 WEST 25TH STREET 6TH FLOOR NEW YORK NY 10010 465039599 501(C)(3) 50000 0 TO PROVIDE SUPPORT SERVICES FOR PERSONS IN ANY TYPE OF MENTAL HEALTH CRISIS IOLA FOUNDATION DBA IT GETS BETTER PROJECT 7288 SUNSET BLVD STE 207 LOS ANGELES CA 90046 261906629 501(C)(3) 206000 0 TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR LGBTQ+ YOUTH KALEIDOSCOPE 212 3RD AVENUE N MINNEAPOLIS MN 55401 863398414 501(C)(3) 8050000 0 TO PROVIDE SCHOLARSHIPS TO YOUTH THROUGH CORPORATE PHILANTHROPY NOTES FOR NOTES INC 1900 CHURCH ST STE 300 NASHVILLE TN 37203 204875556 501(C)(3) 50000 0 TO PROVIDE MUSICAL EQUIMENT AND PROGRAMS IN PUBLIC SCHOOLS 393 LIVE MAS SCHOLARSHIP 777 9111464 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 1 0 0 0 0 0 JENNIFER BRADBURY EXECUTIVE DIRECTOR 196442 0 158772 0 0 0 0 0 9567 0 364781 0 0 0 MORGAN TABOR DEVELOPMENT MANAGER 119903 0 30584 0 0 0 0 0 9567 0 160054 0 0 0 PART I, LINE 5 BONUS PAID TO ORGANIZATION OFFICERS BASED ON ACHIEVING ANNUAL FUNDRAISING GOALS. 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. FORM 990, PART I, LINE 8: THE INCREASE IN REVENUE IS DUE TO ROUND UP FUNDRAISER BEING RUN FOR ALL 363 DAYS OF THE YEAR THAT TACO BELL RESTAURANTS WERE OPEN IN 2022.