Taco Bell Foundation
Also known as Taco Bell Foundation
Taco Bell Foundation reported $56.3 million in revenue and $41.9 million in expenses for calendar year 2024. Of every $100 it spent, $95.85 went to program services, $1.76 to management and general costs and $2.39 to fundraising. Its largest source of revenue was contributions and grants: 94.0% of the total. The highest compensation it reported for one person was $812,063 (EXECUTIVE DIRECTOR(UNTIL 05/31/2024)). 6 people received more than $100,000 in reportable compensation. Revenue rose 158% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $42MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $56MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.8% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.8% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 94.0% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $812,063 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 6 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.1 | 6.8 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseTaco 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
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR(UNTIL 05/31/2024) Officer, 40.00 hrs/week | $808,590 | $0 | $3,473 | $812,063 |
| ASSISTANT EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $160,439 | $0 | $26,734 | $187,173 |
| ASSOCIATE MANAGER Highest compensated employee, 40.00 hrs/week | $119,064 | $0 | $11,055 | $130,119 |
| PROGRAMS AND PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $112,657 | $0 | $16,358 | $129,015 |
| SENIOR ANALYST - DATA ANALYTICS Highest compensated employee, 40.00 hrs/week | $105,128 | $0 | $15,924 | $121,052 |
| MANAGER - BRAND AND CONTENT Highest compensated employee, 40.00 hrs/week | $104,387 | $0 | $10,893 | $115,280 |
6 people received more than $100,000 in reportable compensation from Taco Bell Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $809K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 520
- Volunteers Part I, line 613
Private foundation grants it received
4 private foundations reported grants to Taco Bell Foundation totaling $290K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Taco Bell Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Taco Bell Foundation, you can publish a response that is linked from this page.
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Of every $100 Taco Bell Foundation spent in 2024, $95.85 went to programs. The full breakdown, from its IRS Form 990:
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All unclassified charities · Largest charities in California
Questions people ask
How much of Taco Bell Foundation's spending goes to programs?
In calendar year 2024, Taco Bell Foundation reported that 95.8% of its $41.9 million in expenses went to program services, 1.8% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does Taco Bell Foundation pay its top executive?
The largest total compensation Taco Bell Foundation reported for one person in calendar year 2024 was $812,063, for the role of EXECUTIVE DIRECTOR(UNTIL 05/31/2024) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Taco Bell Foundation get its money?
Of $56.3 million in revenue in calendar year 2024, 94.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Taco Bell Foundation a registered charity?
The IRS lists EIN 33-0523542 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024 (amended), object 202533259349300223 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349325255 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343209349303814 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202999349301665 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113059349301306 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043169349303519 · read the filing
All filings for EIN 33-0523542: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.