Nonprofit · EIN 33-0523542
TACO BELL FOUNDATION INC
Tax-exempt · IRVINE, CA 92618
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $56,338,109 | $41,878,822 | $14,459,287 | $82,295,172 | $1,681,765 | $80,613,407 |
| December 31, 2023 | 990 | $48,711,154 | $31,792,194 | $16,918,960 | $69,602,729 | $3,762,441 | $65,840,288 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $52,946,027
- Program service revenue
- $0
- Investment income
- $3,392,082
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $34,628,311
- Compensation of officers, directors and key employees
- $808,592
- Other salaries and wages
- $1,044,049
- Salaries, compensation and benefits (total)
- $1,986,586
- Professional fundraising fees
- $0
- Legal fees
- $51,549
- Accounting fees
- $45,180
- Travel
- $6,142
- Depreciation
- $650
- Program services (functional)
- $40,140,336
- Management and general (functional)
- $737,925
- Fundraising (functional)
- $1,000,561
Balance sheet and other
- Total assets, start of year
- $69,602,729
- Total assets, end of year
- $82,295,172
- Total liabilities, end of year
- $1,681,765
- Net assets, end of year
- $80,613,407
- Land, buildings and equipment
- $331
- Net assets without donor restrictions
- $80,373,407
- Net assets with donor restrictions
- $240,000
- Gross receipts
- $60,660,809
- Employees
- 20
- Volunteers
- 13
- Year formed
- 1992
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER BRADBURY | EXECUTIVE DIRECTOR(UNTIL 05/31/2024) Officer | 40 | $808,590 | $3,473 |
| MORGAN TABOR | ASSISTANT EXECUTIVE DIRECTOR Highest-paid employee | 40 | $160,439 | $26,734 |
| CARI ANDERSON | ASSOCIATE MANAGER Highest-paid employee | 40 | $119,064 | $11,055 |
| MARCHELA IAHDJIAN | PROGRAMS AND PARTNERSHIPS Highest-paid employee | 40 | $112,657 | $16,358 |
| TARYN MASSA | SENIOR ANALYST - DATA ANALYTICS Highest-paid employee | 40 | $105,128 | $15,924 |
| MOHAMMAD SHAWKAT | MANAGER - BRAND AND CONTENT Highest-paid employee | 40 | $104,387 | $10,893 |
| NEIL BORKAN | CHAIRMAN/DIRECTOR Trustee or director, Officer | 10 | $0 | $0 |
| SEAN TRESVANT | VICE CHAIRMAN/DIRECTOR Trustee or director, Officer | 0.2 | $0 | $0 |
| JAMES CASCONE | TREASURER/DIRECTOR Trustee or director, Officer | 2.5 | $0 | $0 |
| ROB ALVARADO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TOM COOK | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| IMAAN FERDOWSI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID GRIEVE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JASON KIDD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARK KING | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEIL MANHAS | DIRECTOR Trustee or director | 0.2 | $0 |
| MARK PETERSON | DIRECTOR Trustee or director | 0.2 | $0 |
| MARJORIE PERLMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| TINA REAGAN | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER BRADBURY | EXECUTIVE DIRECTOR Officer | 40 | $230,770 | $23,325 |
| MARCHELA IAHDJIAN | PROGRAMS AND PARTNERSHIPS Highest-paid employee | 40 | $125,481 | $17,728 |
| MORGAN TABOR | DEVELOPMENT MANAGER Highest-paid employee | 40 | $104,875 | $18,229 |
| NEIL BORKAN | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| SEAN TRESVANT START 04272023 | VICE CHAIRMAN Trustee or director, Officer | 0.2 | $0 | $0 |
| JAMES CASCONE | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| ROB ALVARADO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| IMAAN FERDOWSI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID GRIEVE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARK KING | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARJORIE PERLMAN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 GLEN BELL WAY, IRVINE, CA 92618-3344
- In care of
- % ROBERT J GIRVIN
- Principal officer (990 for 2024)
- JAMES CASCONE, ONE GLEN BELL WAY, IRVINE, CA 92618
- Signed the 990
- JAMES CASCONE, TREASURER
- Phone
- (949) 863-4500
- Website
- WWW.TACOBELLFOUNDATION.ORG
- Return prepared by
- SINGERLEWAK LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0523542 or by the name TACO BELL FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS.
Program accomplishments
- 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. SINCE 2013, THE TACO BELL FOUNDATION HAS GRANTED MORE THAN $189 MILLION TO APPROXIMATELY 500 NONPROFITS ACROSS THE COUNTRY.Expenses $27,472,735 · grants $23,700,210
- 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. THE 2024 SCHOLARSHIP PROGRAM AWARDED NEARLY $11 MILLION. THE WIDE RANGE OF STUDENT PASSIONS INCLUDE MEDICINE, FILM, ENGINEERING, MUSIC AND COMMUNITY SERVICE. TACO BELL FOUNDATION HAS ALREADY AWARDED $50 MILLION IN EDUCATION SUPPORT TO 2,825 STUDENTS. STUDENTS IN THE PROGRAM HAVE ALSO BEEN GIVEN ACCESS TO OPPORTUNITIES BEYOND FINANCES, THROUGH WORKSHOPS TO HELP DEVELOP PERSONAL AND PROFESSIONAL SKILLS.Expenses $12,667,601 · grants $10,928,101
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0523542
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $82,295,172
- Income (IRS master file)
- $60,660,809
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $56,338,109 | $41,878,822 | $82,295,172 | IRS |
| 990 | December 2023 | $48,711,154 | $31,792,194 | $69,602,729 | XML |
| 990 | December 2022 | $35,242,008 | $18,923,210 | $49,068,263 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0523542).
Questions about TACO BELL FOUNDATION INC
- What is the EIN of TACO BELL FOUNDATION INC?
- The employer identification number (EIN) of TACO BELL FOUNDATION INC is 33-0523542.
- Is TACO BELL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to TACO BELL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TACO BELL FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TACO BELL FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TACO BELL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TACO BELL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JAMES CASCONE.
- Who are the officers and directors of TACO BELL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 6 received compensation from the organization, the highest $808,590 (JENNIFER BRADBURY, EXECUTIVE DIRECTOR(UNTIL 05/31/2024)).
- How much revenue does TACO BELL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $56,338,109, expenses of $41,878,822 and total assets of $82,295,172 at year end.
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