Taco Bell Foundation
Legal name: Taco Bell Foundation Inc
Nonprofit profile at a glance
- EIN
- 330523542
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Irvine, CA, United States
- Phone
- 9498634500
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $56,338,109
- Expenses
- $41,878,822
- Assets
- $82,295,172
- Liabilities
- $1,681,765
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JENNIFER BRADBURY (EXECUTIVE DIRECTOR(UNTIL 05/31/2024))
- MORGAN TABOR (ASSISTANT EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER BRADBURY (EXECUTIVE DIRECTOR(UNTIL 05/31/2024)): $812,063 total reported compensation
- MORGAN TABOR (ASSISTANT EXECUTIVE DIRECTOR): $187,173 total reported compensation
- CARI ANDERSON (ASSOCIATE MANAGER): $130,119 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To connect young people with the resources and opportunities they need to pursue their passions and achieve their full potential.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 73
- Accountability: 95
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73%; rating input score 73
- Program expense ratio: 95.8%; rating input score 96
- Fundraising efficiency: $52.92 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.6%; rating input score 100; 42nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 25.7%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.97; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 13.6% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 15.4% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 19.7% per year; rating input score 100; 93rd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 73% of revenue deployed · 95.8% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $40.1M in reported program spending
- Leadership: top reported pay $812K · 19 people listed · 1 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 44 filed money-flow records
- Related organizations: 38 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.