The Popeyes Foundation Inc

Nonprofit profile at a glance

EIN
814524745
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Miami, FL, USA
Phone
3053783241
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$2,699,760
Expenses
$1,232,348
Assets
$4,350,500
Liabilities
$334,331

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • AISHA FLETCHER (PRESIDENT)

Highest reported compensation

  • RENEE HOBBS (EXECUTIVE DI): $288,016 total reported compensation
  • ASHLEY ASBRA (HEAD OF PROG): $134,518 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The popeyes foundation has been created to support two causes - for our family we developed the popeyes foundation family fund to assist with immediate needs of employees and/or their immediate family members who may be victims of disaster or other emergency hardship popeyes foundation family fund to assist with immediate needs of employees and/or their immediate family members who may be victims of disaster or other emergency hardship situations. For our community, we will focus on hunger relief efforts primarily through our partnership with no kid hungry.

What it reported doing in 2024

2024 marked a record-breaking year, and that success is attributed to supporters' contributions that bring our mission of strengthening communities with food and support in times of need, to life. In 2023, we unveiled serving with love, our signature initiative with two pillars to serve the popeyes family and communities: team member love and food love. Through the team member love program, emergency relief is provided to team members who experience emergency hardships. Through the food love grants program, funds raised are granted to local and national nonprofits that provide food to those in need. Here's a look back at our 2024 accomplishments: - marked our 6th year and grew to a 2.7 million foundation (115% year over year increase). - 78.2 million foundation pr impressions during our first serving with love day, along with coverage in 124 publications. - directed 201,980 to 97 team members through our renewed online team member love program. - dispersed 475,000 to 75 nonprofits throughout 59 dmas through our food love grants program, a dma-based program that directs 50% of funds raised in-restaurants and gives franchisees a say in what local nonprofits are supported.? More than 1.4 million meals were supported through these grants. - united 480 volunteers for food love volunteer events across 18 dmas. With 1,935 total volunteer hours, we packed 60,675 meals for local youth and families in need. - partnered with the brand to improve awareness of how popeyes restaurants fundraises and gives back - from featuring our in-restaurant fundraisers to our first local franchisee feature on social channels.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 71
  • Accountability: 90
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.8%; rating input score 38
  • Program expense ratio: 80.2%; rating input score 80
  • Fundraising efficiency: $18.2 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 54.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 3.53; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 16.5% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 15.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 37.8% of revenue deployed · 80.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $988K in reported program spending
  • Leadership: top reported pay $288K · 13 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.