Burger King Mclamore Foundation Inc

Organization Overview

Burger King Mclamore Foundation Inc is located in Miami, FL. The organization was established in 2006. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burger King Mclamore Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Burger King Mclamore Foundation Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Burger King Mclamore Foundation Inc has awarded 31 individual grants totaling $26,315,026. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE BRIGHTER FUTURES BY EMPOWERING INDIVIDUALS AND FEEDING POTENTIAL THROUGH EDUCATION AND EMERGENCY RELIEF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE BURGER KING FOUNDATION PROVIDES ACCESS TO EDUCATION AND EMERGENCY RELIEF IN 41 COUNTRIES FOCUSING ON SCHOLARSHIPS, LEARNING INFRASTRUCTURE, EQUALITY BUILDING PROGRAMS AND EMPLOYEE EMERGENCY RELIEF GRANTS. IN 2021 WE AWARDED $4.2 MILLION IN SCHOLARSHIPS IN NORTH AMERICA. GLOBALLY, WE FUNDED LITERACY PROJECTS IN SRI LANKA, SOUTH AFRICA AND INDIA AND PROVIDED EDUCATION ACCESS IN LOW INCOME COMMUNITIES IN HONDURAS, AND BRAZIL. IN ADDITION, WE PROVIDED MORE THAN $270,000 IN EMERGENCY RELIEF GRANTS TO BURGER KING EMPLOYEES DURING TIMES OF HARDSHIP.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$4,583,632
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,143,299
Noncash contributions included in lines 1a–1f $1,246,007
Total Revenue from Contributions, Gifts, Grants & Similar$5,726,931
Total Program Service Revenue$0
Investment income $346,892
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $339,064
Net Income from Fundraising Events $717,518
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,130,405

Grants Awarded

Over the last fiscal year, Burger King Mclamore Foundation Inc has awarded $4,337,655 in support to 5 organizations.

Grant RecipientAmount

SCHOLARSHIP AMERICA

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: SCHOLARSHIPS

$4,057,655

NATIONAL RESTAURANT ASSOCIATION EDU

Org PageRecipient Profile

Washington, DC

PURPOSE: SCHOLARSHIPS

$155,000

San Francisco, CA

PURPOSE: EDUCATION

$100,000

BIG BROTHERS BIG SISTERS OF MIAMI

Org PageRecipient Profile

Miami, FL

PURPOSE: SCHOLARSHIPS

$15,000

Boston, MA

PURPOSE: SCHOOL BEAUTIFICATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Burger King Mclamore Foundation Inc has recieved totaling $130,700.

Awarding OrganizationAmount
Mclamore Family Foundation Inc

Irvine, CA

PURPOSE: JAMES W. MCLAMORE WHOPPER SCHOLARSHIP FUND

$117,500
Mclamore Family Foundation Inc

Irvine, CA

PURPOSE: GOLF ITEM SPONSORSHIP FUND

$5,000
Continental Grain Foundation

New York, NY

PURPOSE: UNRESTRICTED

$5,000
Mclamore Family Foundation Inc

Irvine, CA

PURPOSE: GENERAL & UNRESTRICTED

$3,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,152,756
Earnings$2,001,774
Net Contributions$1,560,633
Other Expense$214,759
Ending Balance$26,500,404

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