FORM 990 - ORGANIZATION'S MISSION |
THE MISSION OF THE ORGANIZATION IS TO MAKE A POSITIVE IMPACT IN ITS COMMUNITIES BY BUILDING BRIGHTER FUTURES THROUGH EDUCATION AND PROVIDING HARDSHIP ASSISTANCE TO THE MEMBERS OF THE BK FAMILY THROUGH THE BK FAMILY FUND (THE "FUND"). COMMENCING JANUARY 1, 2008, THE FOUNDATION BEGAN OPERATING ONE (1) POST-SECONDARY SCHOOL EDUCATIONAL SCHOLARSHIP PROGRAM FORMERLY OPERATED BY BURGER KING/MCLAMORE FOUNDATION, INC., A NOW DISSOLVED 501(C)(3) ORGANIZATION. ALTHOUGH THE ORGANIZATION SHARED A SIMILAR NAME, THEY WERE NOT AFFILIATED. THE ORGANIZATION INTENDS TO PROVIDE SCHOLARSHIPS TO INDIVIDUAL WINNERS SELECTED BY A THIRD-PARTY ADMINISTRATOR WHICH IS RESPONSIBLE FOR PROCESSING SCHOLARSHIP APPLICATIONS AND DETERMINING WINNERS BASED UPON PRE-ESTABLISHED CRITERIA. SCHOLARSHIP GRANTS RANGE FROM 1,000 TO 50,000. THE ORGANIZATION ALSO PARTNERS WITH SELECT CHARITABLE ORGANIZATIONS WORLDWIDE THAT SHARE ITS MISSION OF ADVANCING EDUCATION. COMMENCING JULY 1, 2008, THE ORGANIZATION ASSUMED THE ACTIVITIES OF THE BK FAMILY FUND, INC., A 501(C)(3) ORGANIZATION. THE FUND WAS ORGANIZED AS A WAY FOR MEMBERS OF THE BURGER KING FAMILY TO SHOW THEIR SUPPORT FOR EMPLOYEES IN THE BURGER KING SYSTEM AND CERTAIN OF THEIR IMMEDIATE FAMILY MEMBERS EXPERIENCING FINANCIAL DISTRESS. THE FUND PROVIDES IMMEDIATE, SHORT-TERM FINANCIAL ASSISTANCE TO VICTIMS OF NATURAL DISASTER, MEDICAL HARDSHIP, DEATH OR OTHER EMERGENCY HARDSHIP SITUATION THROUGH GRANTS RANGING IN AMOUNT FROM 100 TO 3,000. GRANT REQUESTS ARE REVIEWED AND APPROVED BY AN ALLOCATIONS COMMITTEE COMPRISED OF THREE MEMBERS WHO ARE EMPLOYEES OF BURGER KING CORPORATION. |
FORM 990, PAGE 6, PART VI, LINE 11B |
THE FORM 990 WAS SUBMITTED TO THE EXECUTIVE DIRECTOR, THE BOARD OF DIRECTORS AND INTERNAL LEGAL AND FINANCIAL ADVISORS FOR REVIEW AND COMMENTS. |
FORM 990, PAGE 6, PART VI, LINE 12C |
OFFICERS, DIRECTORS AND MANAGEMENT EMPLOYEES ARE REQUIRED TO CERTIFY ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. |
FORM 990, PAGE 6, PART VI, LINE 17 |
MINNESOTA, MICHIGAN, MISSISSIPPI, NORTH CAROLINA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WISCONSIN, WEST VIRGINIA |
FORM 990, PAGE 6, PART VI, LINE 19 |
THE ORGANIZATION POSTS ITS DOCUMENTS ON ITS WEBSITE AND GUIDESTAR WEBSITE. |
FORM 990, PART XI, LINE 9 |
SPECIAL EVENTS 336,410 SPECIAL EVENTS -336,410 |