Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 5,530,138 | 5,727,618 | 6,363,553 | 7,398,980 | 7,686,694 | 32,706,983 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 5,530,138 | 5,727,618 | 6,363,553 | 7,398,980 | 7,686,694 | 32,706,983 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 2,772,007 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 29,934,976 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 5,530,138 | 5,727,618 | 6,363,553 | 7,398,980 | 7,686,694 | 32,706,983 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 247,569 | 243,505 | 209,481 | 204,410 | 241,963 | 1,146,928 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 113,110 | 257,333 | 311,626 | 208,095 | 197,122 | 1,087,286 |
| 11 | Total support. Add lines 7 through 10 | 34,941,197 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| GOVERNANCE | PART VI, LINE 1A AUTHORITY OF THE EXECUTIVE COMMITTEE THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION; BUT THE DESIGNATION OF SUCH EXECUTIVE COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF TRUSTEES, OR ANY INDIVIDUAL TRUSTEE, OF ANY RESPONSIBILITY IMPOSED UPON IT OR HIM OR HER BY LAW. |
| GOVERNANCE | PART VI, LINE 2 RELATIONSHIPS THE FOLLOWING BOARD MEMBERS AND OFFICERS HAVE A BUSINESS RELATIONSHIP: CHRIS FULLER, ROB LYNCH, DANTON NOLAN, PAUL BROWN, DARLA MORSE, AND NEVILLE CRAW. |
| GOVERNANCE | PART VI, LINE 3 - MANAGEMENT THE PERSON WHO WAS THE EXECUTIVE DIRECTOR UNTIL MARCH 31, 2018 WAS AN EMPLOYEE OF A RELATED ORGANIZATION AND THE RELATED ORGANIZATION PROVIDED THE EXECUTIVE DIRECTOR SERVICES UNDER A SHARED SERVICES AGREEMENT UNTIL MARCH 31, 2018. AT THAT TIME, A FOUNDATION EMPLOYEE, STUART BROWN, WAS NAMED EXECUTIVE DIRECTOR. |
| GOVERNANCE | PART VI, LINE 7A APPOINTMENT OF THE GOVERNING BODY THE BYLAWS STIPULATE THAT THE CEO OF INSPIRE BRANDS, INC. (INSPIRE) (OR HIS OR HER DESIGNEE) SHALL BE THE CHAIR OF THIS ORGANIZATION. IN ADDITION, THE PERSON SERVING AS THE BRAND PRESIDENT OF ARBY'S (OR HIS OR HER DESIGNEE) SHALL SERVE AS A MEMBER OF THE BOARD OF TRUSTEES; AND THE PERSON SERVING AS THE BRAND PRESIDENT OF BUFFALO WILD WINGS (OR HIS OR HER DESIGNEE) SHALL SERVE AS A MEMBER OF THE BOARD OF TRUSTEES. THE CHAIR OF THE CORPORATION SHALL APPOINT THE OTHER TRUSTEES, INCLUDING INSPIRE OR AFFILIATES PERSONNEL OR THOSE WHO ARE NOT EMPLOYEES, OFFICERS AND/OR DIRECTORS OF INSPIRE OR ITS AFFILIATES (INDEPENDENT TRUSTEES). AT ALL TIMES, INDEPENDENT TRUSTEES SHALL CONSTITUTE A MAJORITY OF THE BOARD. NO PERSON SHALL BE APPOINTED OR ELECTED, NOR SHALL ANY PERSON SERVE, AS A TRUSTEE OF THE CORPORATION UNLESS AND UNTIL SUCH PERSON HAS BEEN REVIEWED, CONSIDERED, APPROVED, AND APPOINTED BY THE THEN SERVING CHIEF EXECUTIVE OFFICER OF INSPIRE. |
| GOVERNANCE | PART VI, LINE 4 - SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS THE FOUNDATION AMENDED ITS ARTICLES OF INCORPORATION ON OCTOBER 1, 2018, CHANGING ITS NAME FROM ARBY'S FOUNDATION, INC. TO INSPIRE BRANDS FOUNDATION, INC. THE FOUNDATION AMENDED ITS BYLAWS, EFFECTIVE MARCH 28, 2019, TO REFLECT THE CHANGES IN THE FOLLOWING: THE FOUNDATION'S NAME, THE MANNER OF APPOINTMENT OR ELECTION OF THE BOARD OF TRUSTEES, AND TERM OF OFFICE FOR OFFICERS. * THE FOUNDATION CHANGED ITS NAME FROM ARBY'S FOUNDATION, INC. TO INSPIRE BRANDS FOUNDATION, INC. * MANNER OF APPOINTMENT OR ELECTION: THE BOARD OF TRUSTEES SHALL ALWAYS INCLUDE (1) THE PERSON SERVING FROM TIME TO TIME AS THE CHIEF EXECUTIVE OFFICER OF INSPIRE (OR HIS OR HER DESIGNEE), WHO SHALL BE THE CHAIR OF THE CORPORATION AND SHALL SERVE AS THE CHAIR (AND SHALL HAVE THE RIGHT TO DESIGNATE SOMEONE ELSE TO SERVE AS CHAIR) AND AS A MEMBER OF THE BOARD OF TRUSTEES FOR AS LONG AS HE OR SHE IS THE CHIEF EXECUTIVE OFFICER OF INSPIRE, (2) THE THEN SERVING BRAND PRESIDENT OF ARBY'S (OR HIS OR HER DESIGNEE) AND (3) THE THEN SERVING BRAND PRESIDENT OF BUFFALO WILD WINGS (OR HIS OR HER DESIGNEE). THE OTHER TRUSTEES SHALL BE APPOINTED BY THE CHIEF EXECUTIVE OFFICER OF INSPIRE. * ELECTION AND TERM OF OFFICE FOR OFFICERS: WITH THE EXCEPTION OF THE CHAIR, THE OFFICERS SHALL SERVE FOR TERMS OF TWO (2) YEARS AND THEREAFTER UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED AND HAVE QUALIFIED, OR UNTIL THEIR EARLIER DEATH, RESIGNATION, REMOVAL, RETIREMENT, OR DISQUALIFICATION. |
| POLICIES | PART VI, LINE 11 REVIEW OF FORM 990 THE FORM 990 IS REVIEW BY EXECUTIVE DIRECTOR AND SENIOR MANAGER OF FINANCE. THE BOARD MEMBERS ARE SENT THE AUDIT AND FORM 990 ONE WEEK PRIOR TO FILING FOR THEIR REVIEW. AT THE END OF ONE WEEK, EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE AUDIT AND FORM 990. |
| POLICIES | PART VI, LINE 15A - COMPENSATION OF THE EXECUTIVE DIRECTOR THE INDIVIDUAL WHO WAS THE EXECUTIVE DIRECTOR UNTIL MARCH 31, 2018, WAS AN EMPLOYEE OF RELATED ORGANIZATION INSPIRE BRANDS AND THE RELATED ORGANIZATION PROVIDED THE EXECUTIVE DIRECTOR SERVICES UNDER A SHARED SERVICES AGREEMENT. THE EXECUTIVE DIRECTOR DEVOTED ONE THIRD OF HIS TIME TO THE FOUNDATION. THE FOUNDATION BOARD OF DIRECTORS INDEPENDENTLY ESTABLISHED AND DOCUMENTED THE FAIR MARKET VALUE OF THESE SERVICES THROUGH USE OF A THIRD PARTY REPORT ON FOUNDATION COMPENSATION. THE MEAN AMOUNT FOR THE APPROPRIATE POSITION WAS UTILIZED AS THE BENCHMARK AND THEN ONE THIRD OF THAT AMOUNT WAS USED TO ESTABLISH THE APPROPRIATE FAIR MARKET VALUE FOR THE SERVICES. THIS AGREEMENT WAS APPLICABLE UNTIL MARCH 31, 2018, AT WHICH TIME A NEW EXECUTIVE DIRECTOR WAS NAMED, AND WHO IS COMPENSATED DIRECTLY BY THE FOUNDATION AS AN EMPLOYEE. THE FOUNDATION BOARD OF DIRECTORS INDEPENDENTLY ESTABLISHED AND DOCUMENTED THE FAIR MARKET VALUE OF COMPENSATION FOR THE NEW EXECUTIVE DIRECTOR THROUGH USE OF A THIRD PARTY REPORT ON FOUNDATION COMPENSATION TO DETERMINE THE APPROPRIATE COMPARATIVE COMPENSATION FOR THE POSITION. |
| POLICIES | PART VI, LINE 15B - COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES THE FOUNDATION BOARD OF DIRECTORS INDEPENDENTLY ESTABLISHED AND DOCUMENTED THE FAIR MARKET VALUE OF COMPENSATION FOR KEY EMPLOYEES THROUGH USE OF A THIRD PARTY REPORT ON FOUNDATION COMPENSATION TO DETERMINE THE APPROPRIATE COMPARATIVE COMPENSATION FOR THE POSITIONS. |
| DISCLOSURES | PART VI, SECTION C, LINE 19 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS CAN BE FOUND ON OUR WEBSITE. THE ORGANIZATION WILL CONSIDER REQUESTS TO PROVIDE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. |
| COMPENSATION | PART VII, SECTION A - COMPENSATION OF EXECUTIVE DIRECTOR REFER TO PART VI, LINE 15A FOR INFORMATION REGARDING COMPENSATION OF THE EXECUTIVE DIRECTOR. THE POSITION PAID BY THE FOUNDATION TO THE RELATED ORGANIZATION UNDER THE SHARED SERVICES AGREEMENT ($ 10,000) FOR EXECUTIVE DIRECTOR SERVICES PROVIDED THROUGH MARCH 31, 2018 IS REFLECTED IN PART VII, LINE 1D. |
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| Software Version: |