Taco Bell Foundation INC

Tax-deductible

Irvine, CA501(c)(3)Since 1992UnclassifiedEIN 33-0523542Revenue $56.3M in FY2024

On file with the IRStacobellfoundation.org1 Glen Bell Way, 92618-3344 · Irvine, CATax-exempt since Jul 1993Publicly supported charity — 170(b)(1)(A)(vi)

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The Taco Bell Foundation breaks down barriers to educate and inspire the next generation of leaders.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 12 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $12.0M a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56.3M
+16% vs prior year
Spent
$41.9M
To programs
96%
Net assets
$80.6M
By yearFY2020–FY2024
Revenue
$56.3M
FY2024▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$22.0M
FY2021$23.9M
FY2022$35.2M
FY2023$48.7M
FY2024$56.3M
Expenses
$41.9M
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.2M
FY2021$19.2M
FY2022$18.9M
FY2023$31.8M
FY2024$41.9M
Net assets
$80.6M
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$28.0M
FY2021$32.7M
FY2022$48.6M
FY2023$65.8M
FY2024$80.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $40.1M Management & general 2% · $738K Fundraising 2% · $1.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director(until 05/31/2024)
$808,590Pt VII · Sec A
Assistant Executive Director
$160,439Pt VII · Sec A
Associate Manager
$119,064Pt VII · Sec A
Programs and Partnerships
$112,657Pt VII · Sec A
Senior Analyst - Data Analytics
$105,128Pt VII · Sec A
Manager - Brand and Content
$104,387Pt VII · Sec A
Chairman/Director
$0Pt VII · Sec A
Vice Chairman/Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Bradbury$808,590$230,770$355,214$308,062$236,987
Tina Nguyen————$305,563
Morgan Tabor$160,439$104,875$150,487$122,801—
Marchela Iahdjian$112,657$125,481$136,992$100,597—
Cari Anderson$119,064————
Amber Snowden——$118,523$102,507—
Taryn Massa$105,128————
Mohammad Shawkat$104,387————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Breaks down barriers to educate and inspire future leaders.

Questions for Taco Bell Foundation INC

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Provided by the organization

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2 programs · $40.1M · in their own filed words · FY2024
01

Taco bell foundation grants youth-serving organizations 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 empower them to channel their passions so they can go on to achieve their dreams through secondary education.

$27.5Mprogram expense
02

The live mas scholarship program is designed to help innovators and creators ages 16-26 pursue unique passions that may not necessarily fit into the traditional "academic or "athletic" scholarship categories. The application only requires an application where applicants share what they love to do.

$12.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 78 grants · $105.9M · 2020–2024
See all 78 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$56.3M
Ln 12
Gifts and grantsLn 1h$52.9M
Investment incomeLn 3$3.4M
Money outPt IX
$41.9M
Ln 25
Programscol B$40.1M
Managementcol C$738K
Fundraisingcol D$1.0M
Owns and owesPt X
$80.6M
net assets · Ln 32
Cash and savingsLn 1–2$77.2M
Total assetsLn 16$82.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
19
listed · VII A
PaidVII A6
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52.9M
Fundraising eventsLn 1c$46.2M
Investment incomeLn 3$3.4M
Total revenueLn 12$56.3M
Assets in detailPt X, end of year
CashLn 1$66.8M
SavingsLn 2$10.4M
Cash and savings togetherLn 1–2$77.2M
Land, buildings, equipmentLn 10c$331
Other assetsLn 15$263K
Total assetsLn 16$82.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32$80.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$65.4M$77.2M
Land, buildings, equipmentLn 10c$980$331
Total assetsLn 16$69.6M$82.3M
LiabilitiesLn 26$3.8M$1.7M
Net assetsLn 32$65.8M$80.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23.7M$23.7M
Grants to domestic individualsLn 2$10.9M$10.9M
Pay of current officers, directors and key staffLn 5$809K$388K$146K$275K
Other salaries and wagesLn 7$1.0M$621K$108K$315K
Payroll taxesLn 10$134K$73K$18K$43K
Management feesLn 11a$541K$541K
Legal feesLn 11b$52K$52K
Accounting feesLn 11c$45K$45K
Other fees for servicesLn 11g$2.6M$2.4M$208K
Advertising and promotionLn 12$835K$835K
Office expensesLn 13$117K$63K$16K$37K
Information technologyLn 14$53K$28K$7K$17K
TravelLn 17$6K$3K$860$2K
Conferences, conventions and meetingsLn 19$973K$525K$136K$311K
Depreciation, depletion and amortizationLn 22$650$650
Other expenses (24a–d)Ln 24$957$517$134$306
Total functional expensesLn 25$41.9M$40.1M$738K$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $56.3M$41.9M$14.5M$80.6M 990 PDF
FY2023 $48.7M$31.8M$16.9M$65.8M 990 PDF
FY2022 $35.2M$18.9M$16.3M$48.6M 990 PDF
FY2021 $23.9M$19.2M$4.7M$32.7M 990 PDF
FY2020 $22.0M$14.2M$7.8M$28.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $56,338,109 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,265,558$52,946,027
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,445,596$3,392,082
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $48,711,154$56,338,109
I-13 Grants and similar amounts paidPrior year $26,113,127$34,628,311
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,072,937$1,986,586
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,606,130$5,263,925
I-18 Total expensesPrior year $31,792,194$41,878,822
I-19 Revenue less expensesPrior year $16,918,960$14,459,287
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $56,338,109 across 6 lines filed
VIII-1c Fundraising events$46,179,906
VIII-1f All other contributions, gifts and grants$6,766,121
VIII-1h Total contributions, gifts and grants$52,946,027
VIII-3 Investment incomeExcluded from tax $3,392,082$3,392,082
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,392,082$56,338,109
Part IX · Statement of functional expenses $41,878,822 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $23,700,210$23,700,210
IX-2 Grants to domestic individualsPrograms $10,928,101$10,928,101
IX-5 Pay of current officers, directors and key staffPrograms $388,124 · Management $145,547 · Fundraising $274,921$808,592
IX-7 Other salaries and wagesPrograms $621,089 · Management $107,965 · Fundraising $314,995$1,044,049
IX-10 Payroll taxesPrograms $72,727 · Management $18,488 · Fundraising $42,730$133,945
IX-11a Management feesPrograms $541,362$541,362
IX-11b Legal feesManagement $51,549$51,549
IX-11c Accounting feesManagement $45,180$45,180
IX-11g Other fees for servicesPrograms $2,432,562 · Management $207,583$2,640,145
IX-12 Advertising and promotionPrograms $835,304$835,304
IX-13 Office expensesPrograms $63,112 · Management $16,362 · Fundraising $37,400$116,874
IX-14 Information technologyPrograms $28,414 · Management $7,367 · Fundraising $16,838$52,619
IX-17 TravelPrograms $3,317 · Management $860 · Fundraising $1,965$6,142
IX-19 Conferences, conventions and meetingsPrograms $525,497 · Management $136,240 · Fundraising $311,406$973,143
IX-22 Depreciation, depletion and amortizationManagement $650$650
IX-24 Other expenses (24a–d)Programs $517 · Management $134 · Fundraising $306$957
IX-25 Total functional expensesPrograms $40,140,336 · Management $737,925 · Fundraising $1,000,561$41,878,822
Part X · Balance sheet $82,295,172 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $31,507,298$66,756,346
X-2 Savings and temporary cash investmentsStart of year $33,851,371$10,427,557
X-3 Pledges and grants receivableStart of year $4,243,078$4,847,769
X-10c Land, buildings and equipment, netStart of year $980$331
X-15 Other assetsStart of year $2$263,169
X-16 Total assetsStart of year $69,602,729$82,295,172
X-17 Accounts payable and accrued expensesStart of year $3,762,441$1,681,765
X-26 Total liabilitiesStart of year $3,762,441$1,681,765
X-27 Net assets without donor restrictionsStart of year $65,840,288$80,373,407
X-28 Net assets with donor restrictionsStart of year $0$240,000
X-32 Total net assets or fund balancesStart of year $65,840,288$80,613,407
X-33 Total liabilities and net assetsStart of year $69,602,729$82,295,172
Part XI · Reconciliation of net assets $80,613,407 net assets at year end
XI-1 Total revenue$56,338,109
XI-2 Total expenses$41,878,822
XI-3 Revenue less expenses$14,459,287
XI-4 Net assets at start of year$65,840,288
XI-5 Net unrealized gains (losses) on investments$313,831
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$80,613,407

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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