Overview
What is Kentucky Fried Chicken Foundation Inc?
Kentucky Fried Chicken Foundation Inc is a benevolent organization, independent from KFC U.S. restaurants, dedicated to supporting its employees. Their primary mission is to offer charitable aid through various programs, focusing on education, hardship assistance, and personal finance. The organization offers a scholarship program that caters to employees of all ages and positions, enabling them to pursue their college dreams. In 2022, this initiative granted 631 scholarships to individuals attending accredited four-year or two-year colleges, trade/vocational schools, or pursuing graduate studies. The KFC Foundation's core purpose is to care for and uplift the lives of KFC U.S. restaurant employees.
Official website here: www.kfcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Kentucky Fried Chicken Foundation Inc has achieved a remarkable 99% rating from Charity Navigator, highlighting its strong commitment to accountability and transparency. With an impressive Impact & Measurement Score of 100, the organization effectively measures its outcomes and benefits, ensuring that its programs have significant positive effects on scholarship recipients.
The foundation exhibits a robust financial performance with a Program Expense Ratio of 93.78%, indicating that a large portion of its funds is directed toward its charitable programs. Additionally, its Fundraising Efficiency Ratio of $0.022 reflects effective fundraising practices, ensuring that minimal resources are spent on raising money compared to what is brought in.
While the organization shows a healthy Working Capital Ratio of 3.18 years, indicating financial stability, the key strength lies in its ability to significantly increase income for scholarship recipients, generating over $1.50 for every $1 spent. This demonstrates a strong return on investment for its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Fried Chicken Foundation Inc legitimate?
Kentucky Fried Chicken Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Fried Chicken 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: $327,103
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kfcfoundation.org
What is the mission statement of Kentucky Fried Chicken Foundation Inc?
The Kentucky Fried Chicken Foundation Inc, as an independent non-profit organization, is dedicated to providing charitable support to employees of KFC U.S. restaurants. Their mission is centered around caring for these employees, offering aid through various means such as education, hardship assistance, and personal finance programs. The scholarship program, a significant part of their efforts, enables employees to pursue their educational dreams by providing financial assistance for attending accredited four-year or two-year colleges, trade/vocational schools, or for graduate studies. In 2022, this program granted scholarships to 631 recipients.
Official website here: www.kfcfoundation.org
Who is the CEO of Kentucky Fried Chicken Foundation Inc?
Justin Stewart is the President of Kentucky Fried Chicken Foundation Inc.
Official website here: www.kfcfoundation.org
What is the revenue of Kentucky Fried Chicken Foundation Inc?
Kentucky Fried Chicken Foundation Inc's revenue in 2022 was $5,382,876.
Official website here: www.kfcfoundation.org
Who are the executives of Kentucky Fried Chicken Foundation Inc and what are their salaries?
There 10 volunteers at Kentucky Fried Chicken Foundation Inc.
Here are 13 key members and their salaries:
- Compensation: $141,463
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- Other: $22,895
- Compensation: $76,070
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- Other: $12,379
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- Other: $0
Official website here: www.kfcfoundation.org
Where can I find the form 990 for Kentucky Fried Chicken Foundation Inc?
Kentucky Fried Chicken Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kfcfoundation.org
Learn more at the official website: www.kfcfoundation.org
Mission Statement of Kentucky Fried Chicken Foundation Inc
The Kentucky Fried Chicken Foundation, an independent non-profit organization, is dedicated to providing charitable support to employees of KFC U.S. restaurants. At the core of its mission, the foundation aims to care for these frontline workers by offering educational opportunities, hardship assistance, and personal finance programs. Through these initiatives, the foundation seeks to empower KFC U.S. restaurant employees, enabling them to pursue their educational dreams, overcome financial challenges, and manage their personal finances more effectively.
One of the key programs provided by the Kentucky Fried Chicken Foundation is its scholarship program. This initiative offers financial assistance to employees at KFC U.S. restaurants, enabling them to attend accredited four-year or two-year colleges of their choice. Furthermore, the scholarship funds can also be used at trade/vocational schools and for graduate studies, thereby providing flexibility to employees pursuing various educational paths. In 2022, this program benefited 631 recipients, providing them with college scholarships. These initiatives demonstrate the foundation's commitment to supporting the educational aspirations and personal growth of KFC U.S. restaurant employees.
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Impact
July, 2024
Kentucky Fried Chicken Foundation Inc, operating as KFC Foundation, has a significant impact on the lives of KFC U.S. restaurant employees. Through its scholarship program, the foundation helps employees pursue higher education, regardless of their age or position within the company. In 2022 alone, the program supported 631 recipients in attaining college scholarships. By focusing on education, hardship assistance, and personal finance programs, the KFC Foundation demonstrates its commitment to caring for frontline KFC workers and supporting their personal and professional advancement.
This information is meant to be a general summary of Kentucky Fried Chicken 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 2022.
- Investment Income: $73,360
- Gross Receipts: $5,734,991
Assets and Liabilities:
- Total Assets: $9,741,395
- Total Liabilities: $368,995
- Net Assets: $9,372,400
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Organization Details
Founding Year
1998
Phone
(502) 257-2476Principal Officer
Justin Stewart
Main Address
1900 COLONEL SANDERS LN, LOUISVILLE, KY, 40213
Website
www.kfcfoundation.orgNTEE Category
Code: B82 - Education
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