Popeyes Foundation Inc
- Assets
- $2.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2023
- EIN
- 81-4524745
Organization Overview
Popeyes Foundation Inc is located in Miami, FL. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Popeyes 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 12/2023, Popeyes Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $909.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, POPEYES FOUNDATION UNVEILED SERVING WITH LOVE, OUR NEW SIGNATURE INITIATIVE WITH TWO PROGRAMS 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 HARDSHIP SITUATIONS. THROUGH THE FOOD LOVE GRANTS PROGRAM, FUNDS RAISED WILL BE GRANTED TO LOCAL AND NATIONAL NONPROFITS THAT PROVIDE FOOD TO THOSE IN NEED. THE FOOD LOVE GRANTS PROGRAM DIRECTED 360,000 TO 65 LOCAL NONPROFITS ACROSS 24 STATES. 315,000 MEALS SUPPORTED; 140,000 INDIVIDUALS SUPPORTED. FOOD LOVE GRANT VOLUNTEER DAYS BROUGHT A TOTAL OF 130 VOLUNTEERS TOGETHER IN SIX MARKETS SERVING 8,500 MEALS. SINCE THE INCEPTION OF THE TEAM MEMBER LOVE PROGRAM, WE HAVE SUPPORTED 520+ TEAM MEMBERS, DISTRIBUTED 550,000 IN GRANTS. 27 TEAM MEMBERS WERE SUPPORTED IN 2023 WITH AN AVERAGE GRANT OF 2,200.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Hobbs Executive Di | Officer | 50 | $0 |
Amy Alarcon Director | Trustee | 2 | $0 |
Jourdan Daleo Director | Trustee | 1 | $0 |
Steve Danon Director | Trustee | 1 | $0 |
Aisha Fletcher President | OfficerTrustee | 2 | $0 |
Danny Gililland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,485,246 |
| Noncash contributions included in lines 1a–1f | $121,458 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,485,246 |
| Total Program Service Revenue | $0 |
| Investment income | $28,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,513,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $337,110 |
| Grants and other assistance to domestic individuals. | $74,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,157 |
| Compensation of current officers, directors, key employees. | $20,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,570 |
| Fees for services: Other | $104,110 |
| Advertising and promotion | $0 |
| Office expenses | $125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $909,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,724,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,189 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $939,254 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,666,520 |
| Accounts payable and accrued expenses | $168,319 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $168,319 |
| Net assets without donor restrictions | $1,529,583 |
| Net assets with donor restrictions | $968,618 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,666,520 |
Grants Awarded
Over the last fiscal year, Popeyes Foundation Inc has awarded $646,352 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHARE OUR STRENGTH PURPOSE: ANNUAL DONATIONS | $639,352 |
THE LEE INITIATIVE INC PURPOSE: ANNUAL DONATIONS | $2,000 |
TOUPS MEATERY PURPOSE: ANNUAL DONATIONS | $5,000 |