Overview
What is Taco Bell Foundation Inc?
The Taco Bell Foundation, a nonprofit organization based in Irvine, California, with 18 employees, empowers innovators and creators aged 16-24 to pursue unconventional passions through the Live Mas Scholarship Program. Applicants submit a two-minute video expressing their passions, and the 2022 program granted $9.1 million to students with diverse interests, including medicine, film, engineering, music, and community service. Over the past five years, the foundation has awarded $25.9 million in education support to nearly 2300 students, including Taco Bell employees. The organization goes beyond financial aid, providing workshops to develop personal and professional skills. The Taco Bell Foundation aims to break down barriers and inspire the next generation of leaders.
Official website here: www.tacobellfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Taco Bell Foundation Inc has achieved an impressive Four-Star rating on Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 100% in accountability, demonstrating exemplary governance practices, including a fully independent board and robust financial oversight. Its low liabilities to assets ratio and high program expense ratio indicate effective resource allocation towards its mission.
In terms of culture and community, the foundation has earned a solid score of 89, highlighting its commitment to fostering a positive organizational environment. The leadership and adaptability score of 100 suggests that the foundation is proactive in investing in leadership development and successfully adapting to external changes, which is crucial in the nonprofit sector.
While the foundation's financial practices are commendable, the lower scores in culture and community, as well as leadership and adaptability, suggest potential areas for growth. Overall, the Taco Bell Foundation Inc demonstrates a strong commitment to its mission and responsible management of resources, making it a reliable choice for donors seeking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Taco Bell Foundation Inc legitimate?
Taco Bell Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Taco Bell Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $254,094
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,674,303
For more financial information, click here
Official website here: www.tacobellfoundation.org
What is the mission statement of Taco Bell Foundation Inc?
The Taco Bell Foundation is dedicated to eliminating barriers for the next generation of innovative leaders, aged 16 to 24. Through its Live Mas Scholarship program, the foundation provides financial support to students whose passions do not conform to the usual academic or athletic categories. Applicants are required to submit a two-minute video expressing what they love to do. In the past five years, the Taco Bell Foundation has awarded over $25.9 million in educational grants to almost 2300 students, including Taco Bell employees. Beyond financial assistance, students in the program are given access to skill-building workshops to help them develop personally and professionally. The 2022 scholarship program granted $9.1 million. Passions represented by the scholarship recipients span various fields, including medicine, film, engineering, music, and community service.
Official website here: www.tacobellfoundation.org
What is the revenue of Taco Bell Foundation Inc?
Taco Bell Foundation Inc's revenue in 2023 was $48,711,154.
Official website here: www.tacobellfoundation.org
Who are the executives of Taco Bell Foundation Inc and what are their salaries?
The average compensation at Taco Bell Foundation Inc during 2023 was $101,495. There are 19 employees and 8 volunteers at Taco Bell Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $230,770
- Related: $0
- Other: $23,325
- Compensation: $125,481
- Related: $0
- Other: $17,728
- Compensation: $104,875
- Related: $0
- Other: $18,229
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.tacobellfoundation.org
Where can I find the form 990 for Taco Bell Foundation Inc?
Taco Bell Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tacobellfoundation.org
Learn more at the official website: www.tacobellfoundation.org
Mission Statement of Taco Bell Foundation Inc
The Taco Bell Foundation, a renowned non-profit organization, is dedicated to breaking down barriers and inspiring the next generation of leaders. Through its unique initiatives, the Foundation focuses on educating and supporting innovators and creators, particularly those who may not conform to traditional academic or athletic scholarship categories.
One of the Foundation's most notable programs is the Live Mas Scholarship, which provides opportunities for young individuals aged between 16 and 24 to pursue their unique passions. The application process is simple, requiring only a two-minute video submission, where applicants express their love for their chosen pursuit. In the 2022 scholarship program, over $9.1 million was awarded to students demonstrating a diverse range of passions, from medicine and film to engineering, music, and community service.
Over the past five years, the Taco Bell Foundation has already made a significant impact, granting over $25.9 million in educational support to nearly 2300 students. These students have not only received financial assistance but have also gained access to valuable workshops designed to help them develop essential personal and professional skills.
The Taco Bell Foundation's mission extends beyond mere financial aid, making a holistic difference in the lives of its recipients. By empowering these young individuals to pursue their unique passions, the Foundation plays a crucial role in fostering the next generation of trailblazers.
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Impact
October, 2024
Taco Bell Foundation Inc significantly impacts youth education and empowerment through its innovative Live Más Scholarship Program. This initiative targets innovators and creators aged 16-24, providing a unique platform that celebrates diverse passions outside traditional academic or athletic achievements. Applicants submit a simple two-minute video showcasing what they love, fostering creativity and individuality.
In 2022 alone, the foundation awarded an impressive $9.1 million in scholarships, and since its inception, it has disbursed $25.9 million to nearly 2,300 students, including Taco Bell employees. This support extends beyond financial aid; the foundation also offers workshops that equip students with essential personal and professional skills. By breaking down barriers, Taco Bell Foundation Inc is inspiring and nurturing the next generation of leaders across various fields such as medicine, film, engineering, and community service.
This information is meant to be a general summary of Taco Bell Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,445,596
- Gross Receipts: $50,912,118
Assets and Liabilities:
- Total Assets: $49,068,263
- Total Liabilities: $492,915
- Net Assets: $48,575,348
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Organization Details
Founding Year
1992
Principal Officer
James Cascone
Website
www.tacobellfoundation.orgNTEE Category
Code: Z99Z - Unknown
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