Overview
What is Driven Brands Charitable Foundation?
Driven Brands Charitable Foundation is a charitable organization based in Charlotte, North Carolina. Established with the purpose of raising awareness and funds for issues affecting educational access for children and the health and well-being of veterans and other adults, the foundation primarily supports organizations that cater to these causes. It has provided financial assistance to various organizations, totaling over $280,000, focusing on community development, children's healthcare, and services for veterans, active military members, and their families. Moreover, the foundation extends assistance to its employees in times of hardship. The organization functions under the legal name of Meineke Foundation, adhering to the guidelines of a section 501(c)(3) nonprofit organization in the United States.
Official website here: www.drivenbrandscharitablefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (58%)
Driven Brands Charitable Foundation has received a low rating of 58%, resulting in a One-Star designation. This score is primarily based on its accountability and financial transparency, which were evaluated through various metrics, including board independence and the presence of key policies. The foundation has a concerning lack of independent board members and missed opportunities in financial disclosure.
The organization does demonstrate some strengths, such as a high program expense ratio of 93.06%, indicating that a significant portion of its expenses is directed towards its charitable programs. Additionally, it has a strong record of managing liabilities, showcasing a favorable liabilities-to-assets ratio of 0.00%. However, the absence of independent oversight and critical policies like a whistleblower policy raises questions about its governance practices.
Overall, while Driven Brands Charitable Foundation appears to allocate most of its funds appropriately toward its mission, its governance and accountability practices need significant improvement. The absence of independent board members and missing financial documents suggests a lack of transparency that potential donors may want to consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Driven Brands Charitable Foundation legitimate?
Driven Brands Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Driven Brands Charitable Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.drivenbrandscharitablefoundation.org
What is the mission statement of Driven Brands Charitable Foundation?
The Driven Brands Charitable Foundation is established with a charitable purpose, primarily focusing on raising funds and awareness for issues related to educational access for children and the health and well-being of veterans, other adults, and the communities they reside in. The foundation supports organizations that qualify as exempt under Section 501(C)(3) and 170(C)(2) of the Internal Revenue Code, making distributions to these organizations to aid in their missions. The foundation is legally carried out by a corporation formed under North Carolina's laws, consistent with its status as an organization described in Section 501(C)(3) of the Code.
Official website here: www.drivenbrandscharitablefoundation.org
Who is the CEO of Driven Brands Charitable Foundation?
Tiffany Mason is the Cfo & Treasurer of Driven Brands Charitable Foundation. The CEO's salary of Driven Brands Charitable Foundation is $0 and their total compensation is $0.
Official website here: www.drivenbrandscharitablefoundation.org
What is the revenue of Driven Brands Charitable Foundation?
Driven Brands Charitable Foundation's revenue in 2022 was $1,721,207.
Official website here: www.drivenbrandscharitablefoundation.org
Who are the executives of Driven Brands Charitable Foundation and what are their salaries?
There 3 volunteers at Driven Brands Charitable Foundation.
Here are 3 key members and their salaries (Driven Brands Charitable Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.drivenbrandscharitablefoundation.org
Where can I find the form 990 for Driven Brands Charitable Foundation?
Driven Brands Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drivenbrandscharitablefoundation.org
Learn more at the official website: www.drivenbrandscharitablefoundation.org
Mission Statement of Driven Brands Charitable Foundation
Driven Brands Charitable Foundation is established with a charitable purpose, aiming to raise both funds and awareness for issues impacting educational access for children and the health and well-being of veterans, as well as other adults. The foundation is organized in a manner that allows it to make distributions to organizations that qualify as exempt under Section 501(C)(3) and 170(C)(2) of the Internal Revenue Code, ultimately contributing to the betterment of the communities in which these individuals live. The foundation's activities are carried out in accordance with its qualification as a Section 501(C)(3) organization, and it may legally operate as a corporation formed under the laws of North Carolina, provided that its operations do not conflict with its status as a charitable organization.
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Impact
July, 2024
Driven Brands Charitable Foundation's impact includes raising awareness for educational access for children and the health of veterans and other adults. The foundation has provided funds to organizations benefiting the community, children's healthcare, and those supporting veterans, active military, and their families. Additionally, over $280,000 has been distributed to various employees for hardship assistance. This demonstrates the foundation's commitment to making a positive difference in these key areas of need.
This information is meant to be a general summary of Driven Brands Charitable Foundation. 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 2022.
- Gross Receipts: $1,721,207
Assets and Liabilities:
- Total Assets: $1,043,046
- Total Liabilities: $0
- Net Assets: $1,043,046
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Organization Details
Founding Year
2012
Phone
(888) 871-8117Principal Officer
Tiffany Mason
Main Address
440 SOUTH CHURCH ST STE 700, CHARLOTTE, NC, 28202
NTEE Category
Code: T12 - Philanthropy
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