2019-10-31T18:12:11-05:00 2018-12-31 GRANT THORNTON LLP 1100 PEACHTREE STREET SUITE 1200 ATLANTA GA 30309 990 2018-01-01 581692997 Inspire Brands Foundation Inc % UTA BELVIN INSP 6785145151 Three Glenlake Parkway Atlanta GA 30328 DANTON NOLAN Treasurer 6785145151 2019-10-31 true Michele N Melchior P00488037 4043302000 65.229.27.130 67075320193045000007 2019-10-31 P 57942369B23AF8A4EA3FCCA2052C9A8DC356319D 19688482225DD9C09A64A40021CF3C6AC0670CA5 2018 2019-02-21 02:37:17Z X DANTON NOLAN Three Glenlake Parkway Atlanta GA 30328 10023912 false X www.arbysfoundation.org X 1986 GA THE INSPIRE BRANDS FOUNDATION INVESTS IN THE RESOURCES AND EXPERIENCES KIDS NEED TO UNLOCK THEIR POTENTIAL. 12 6 9 431 0 0 7398980 7686694 0 0 607187 316686 -179443 -230458 7826724 7772922 5477560 6720355 0 0 913158 886553 0 0 634327 1733746 1134093 8124464 8741001 -297740 -968079 8722579 8454099 420496 1784595 8302083 6669504 X AT THE INSPIRE BRANDS FOUNDATION WE EXIST TO NOURISH STRONG FUTURES THROUGH STRATEGIC NATIONAL AND COMMUNITY PARTNERSHIPS. AS A FOUNDATION, WE FOCUS ON THREE CORE PILLARS - FUELING POTENTIAL, KICKSTARTING CONFIDENCE AND PROPELLING GROWTH. IN THE MARKETPLACE, WE DO BUSINESS AS THE ARBY'S FOUNDATION AND GOING FORWARD ALSO AS THE BUFFALO WILD WINGS FOUNDATION. THE ARBY'S FOUNDATION BELIEVES THAT EVERY KID DESERVES TO DREAM BIG AND PURSUE THEIR DREAMS WITH CONFIDENCE. WE HELP KIDS ACHIEVE THEIR DREAMS BY SUPPORTING CHILDHOOD HUNGER, YOUTH LEADERSHIP AND CAREER READINESS INITIATIVES. OUR WORK IS DONE ON A NATIONAL, STATE AND LOCAL LEVEL BY RAISING AWARENESS, SUPPORTING STRATEGIC PARTNERSHIPS AND FUNDING INNOVATIVE SOLUTIONS. OUR THREE-PILLAR FOCUS ALLOWS US TO SUPPORT KIDS THROUGHOUT THE GROWING UP YEARS, PREPARING THEM UP FOR A STRONG FUTURE. FOR US, GROUND ZERO IS CHILDHOOD HUNGER. WITHOUT PROPER NOURISHMENT, KIDS CANNOT THRIVE IN THE CLASSROOM OR IN LIFE. AS PART OF OUR FOCUS ON CHILDHOO false false 2683891 2641264 0 SHARE OUR STRENGTH: WE CONTRIBUTE FUNDS TO SUPPORT NO KID HUNGRY, A NATIONAL CAMPAIGN RUN BY SHARE OUR STRENGTH FOCUSED ON ENDING CHILDHOOD HUNGER. THESE FUNDS GO TOWARDS PROGRAMS AND INITIATIVES THAT ALIGN WITH OUR CORE PILLER OF FIGHTING CHILDHOOD HUNGER. 1931627 1931627 0 JUNIOR ACHIEVEMENT: WE CONTRIBUTE FUNDS TO SUPPORT JUNIOR ACHIEVEMENT, A YOUTH-SERVING ORGANIZATION THAT HELPS PREPARE STUDENTS FOR A BRIGHT FUTURE. OUR FUNDING SUPPORTS PROGRAMS AND INITIATIVES THAT SUPPORT YOUTH DEVELOPMENT AND EDUCATION, ALIGNING WITH OUT CORE PILLAR OF CAREER READINESS AND YOUTH LEADERSHIP. 732357 562357 0 BIG BROTHERS BIG SISTERS OF AMERICA: WE CONTRIBUTE FUNDS TO SUPPORT BBBS OF AMERICA, A YOUTH-SERVING ORGANIZATION THAT HELPS CHILDREN REALIZE THEIR POTENTIAL AND BUILD THEIR FUTURE. OUR FUNDS SUPPORT INITIATIVES AND PROGRAMS THAT PROVIDE ADULT VOLUNTEER MENTORS TO CHILDREN ACROSS THE COUNTRY, ALIGNING TO OUR CORE PILLAR OF YOUTH LEADERSHIP. 2232365 1585107 0 Other program services to further our mission 2232365 1585107 0 7580240 true true false false false false false true false true true false false false false true true false false false false false false false true false false true false true false false false false false false false false true false false false false true false false false true 11 0 true 9 true false false false false false true true false false false false false false X 12 6 true true true false false true false true true false false true true true false true true true true false AL AR CA CT FL GA IL KS KY MD MA MI MN MS NV NH NJ NM NY NC ND OR PA SC TN UT VA WV WI X X UTA BELVIN 6785145151 THREE GLENLAKE PARKWAY Atlanta GA 30328 Chris Fuller Chairman/Exec. Dir Thru 3/18 2.0 0.0 X X 10000 0 0 Darla Morse Vice Chairman 2.0 0.0 X X 0 0 0 Danton Nolan Treasurer 2.0 0.0 X X 0 0 0 Andy D'Agosto Secretary 2.0 0.0 X X 0 0 0 Patty Tucker Director 1.0 0.0 X 0 0 0 Ed Baker Director 1.0 0.0 X 0 0 0 Bill Bolling Director 1.0 0.0 X 0 0 0 Karen Bremer Director 1.0 0.0 X 0 0 0 Paul Brown Director (Thru 4/18) 1.0 0.0 X 0 0 0 David Cox Director 1.0 0.0 X 0 0 0 John Davis Director (Thru 12/18) 1.0 0.0 X 0 0 0 Antonio Machado Director 1.0 0.0 X 0 0 0 Troy Foote Director (Thru 3/18) 1.0 0.0 X 0 0 0 Neville Craw Director 1.0 0.0 X 0 0 0 Rob Lynch Director 1.0 0.0 X 0 0 0 Stuart Brown Exec. Director 40.0 0.0 X 174931 0 35462 Uta Belvin Sr. Manager, Finance 40.0 0.0 X 106447 0 24709 Emily Crawford Dir., Impact & Communications 40.0 0.0 X 124665 0 15086 416043 0 75257 3 false true false NONE 0 1163819 100000 6422875 114495 7686694 0 241963 241963 0 0 0 0 0 1898133 0 1822843 567 75290 -567 74723 74723 197122 1163819 427580 -230458 -230458 0 0 0 0 0 0 0 7772922 86228 6720355 6720355 0 0 0 210393 63118 84157 63118 0 536206 199172 191920 145114 22466 6740 8986 6740 55125 19053 18842 17230 62363 25030 21089 16244 10000 3000 4000 3000 16425 16425 52295 52295 0 0 59999 59999 291179 284457 3000 3722 137 54 83 49472 30642 8349 10481 0 0 50097 15834 18429 15834 26960 25944 1016 0 0 0 0 10805 10805 23904 23904 RESTAURANT FUNDRAISING 351800 0 0 351800 MISSION AWARENESS 133141 133141 0 0 MAKE A DIFFERENCE DAY 46199 46199 0 0 PUBLIC RELATIONS EXPENSE 5731 5731 0 0 5949 1770 4151 28 8741001 7580240 526434 634327 846448 786762 693442 696815 0 0 267819 531940 0 0 0 0 0 0 0 0 54112 11114 69595 50511 19608 19084 6841150 6408384 0 0 0 0 0 0 0 0 8722579 8454099 251810 202843 124100 1581752 44586 0 0 0 0 0 0 0 0 0 0 0 0 0 420496 1784595 X 8302083 6669504 0 0 0 0 8302083 6669504 8722579 8454099 -968079 -664500 X false true X true false X 5530138 5727618 6363553 7398980 7686694 32706983 0 0 5530138 5727618 6363553 7398980 7686694 32706983 2772007 29934976 247569 243505 209481 204410 241963 1146928 0 113110 257333 311626 208095 197122 1087286 34941197 0.85672 0.82056 X X X false 6751003 4070591 -347247 5462169 59999 4952179 6435361 1295615 858397 1777109 61261 6751003 5709555 1302992 327340 846264 58262 6435361 5266600 1669698 -87047 1053279 86417 5709555 4465185 1184272 476661 741232 118286 5266600 1.00000 false false 69595 50511 19084 19084 0 0 X 7694148 -664500 217578 -446922 8141070 59999 -428147 -368148 7772922 9326727 217578 428147 645725 8681002 59999 59999 8741001 MAINTAINING COLLECTIONS OF ART PART III, LINE 1A COLLECTIONS ACQUIRED THROUGH PURCHASES ARE NOT RECORDED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF A COLLECTION ARE RECORDED AS A DECREASE IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE COLLECTIONS ARE ACQUIRED. CONTRIBUTED COLLECTIONS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. ORGANIZATION'S COLLECTIONS AND EXEMPT PURPOSE PART III, LINE 4 THE FOUNDATION ACQUIRED A HAT THAT IS CONSIDERED A COLLECTIBLE. THE HAT HAS BEEN USED AND WILL CONTINUE TO BE USED AS A PUBLIC AWARENESS INITIATIVE FOR THE ARBY'S FOUNDATION. IT HAS TRAVELED ON A PUBLICITY TOUR INCLUDING A TEMPORARY EXHIBIT AT THE NEWSEUM IN WASHINGTON, DC AND THE GRAMMY MUSEUM IN LOS ANGELES. WHEN ON TOUR, THE HAT HELPS TO INCREASE AWARENESS FOR THE FOUNDATION'S MISSION. ENDOWMENT SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE INSPIRE BRANDS FOUNDATION, INC. ENDOWMENT FUND IS TO PROVIDE FINANCIAL RESOURCES TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE. FIN 48 (ASC 740) FOOTNOTE PART X, LINE 2 THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS BEING EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "IRC") AS A PUBLICLY SUPPORTED ORGANIZATION. U.S. GAAP REQUIRES AN ASSET AND LIABILITY APPROACH TO FINANCIAL ACCOUNTING AND REPORTING FOR INCOME TAXES. DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE COMPUTED ANNUALLY FOR THE DIFFERENCE BETWEEN THE FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE, BASED ON ENACTED TAX LAWS AND RATES. VALUATION ALLOWANCES ARE ESTABLISHED WHEN NECESSARY TO REDUCE THE DEFERRED INCOME TAX ASSETS TO AN AMOUNT THAT IS MORE LIKELY THAN NOT TO BE REALIZED. THE FOUNDATION IS SUBJECT TO IRC SECTION 511(A) FOR INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION HAS REPORTED ON ITS FORM 990-T, THE RETURN TO REPORT UNRELATED BUSINESS INCOME, APPROXIMATELY $750,000 OF NET OPERATING LOSS CARRY FORWARDS. THESE NET OPERATING LOSSES MAY BE AVAILABLE TO OFFSET FUTURE UNRELATED BUSINESS INCOME. THESE NET OPERATING LOSSES WILL EXPIRE BETWEEN 2023 TO 2026. THESE NET OPERATING LOSSES RESULTED IN APPROXIMATELY $193,000 OF DEFERRED INCOME TAX ASSETS WHICH ARE FULLY RESERVED FOR WITH A VALUATION ALLOWANCE. MANAGEMENT DOES NOT BELIEVE IT IS MORE LIKELY THAN NOT THE FUTURE BENEFITS OF THE NET OPERATING LOSSES WILL BE RECOGNIZED. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITY, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF DECEMBER 31, 2018 AND 2017, THERE ARE NO KNOWN ITEMS WHICH RESULT IN RECORDING A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. TAX YEARS 2014 THROUGH 2018 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS (US FEDERAL, STATE AND LOCAL AUTHORITIES). THE FOUNDATION HAS CONSIDERED THE PROVISIONS OF THE TAX CUTS AND JOBS ACT (THE "TCJA"), WHICH WAS SIGNED INTO LAW ON DECEMBER 22, 2017 AND WHICH GENERALLY TAKES EFFECT FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY 1, 2018. WHILE THE FOUNDATION DETERMINED THAT THERE WAS NO IMPACT OF THE PROVISIONS OF THE TCJA ON THE FOUNDATION AS OF DECEMBER 31, 2018, THE IMPACT GOING FORWARD IS UNCERTAIN AND MAY NOT BECOME EVIDENT FOR SOME PERIOD OF TIME, AS REGULATORY GUIDANCE HAS NOT YET BEEN ISSUED. RECONCILIATION PART XI, LINE 4B, OTHER ADJUSTMENTS SPECIAL EVENTS EXPENSE $(427,580) LOSS ON SALE OF TENT $(567) ------------- TOTAL $(428,147) PART XII, LINE 2D, OTHER ADJUSTMENTS SPECIAL EVENTS EXPENSE $427,580 LOSS ON SALE OF TENT $567 ------------- TOTAL $428,147 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA SC TN UT VA WA WV WI Partner Program 1360941 1163819 197122 3375 52550 100209 114331 157115 0 1360941 1163819 197122 3375 52550 100209 114331 157115 427580 -230458 true Share Our Strength 1030 15th Street NW Washington DC 20005 521367538 501(c)(3) 2641264 0 Mission Support Junior Achievement of Georgia Inc 275 Northside Drive NW Atlanta GA 30314 580598050 501(c)(3) 1931308 319 FMV Food Mission Support Big Brothers Big Sisters of America 2502 N Rocky Point Drive Ste 550 Tampa FL 33607 231365190 501(c)(3) 562357 0 Mission Support DonorsChooseorg 134 West 37th Street 11th Fl STE B New York NY 10018 134129457 501(c)(3) 326011 0 Mission Support Horizons Atlanta Inc 177 North Ave NW 3rd Fl Ste 11 Atlanta GA 30332 371747624 501(c)(3) 150000 0 Mission Support Junior Achievement USA One Education Way Colorado Springs CO 80906 841267604 501(c)(3) 79517 0 Mission Support Atlanta Community Food Bank 732 Joseph E Lowery Blvd NW Atlanta GA 30318 581376648 501(c)(3) 50000 212 FMV Food Mission Support FoodFinderGA Inc 2642 Rankin Run Duluth GA 30097 472110577 501(c)(3) 50000 0 Mission Support Georgia Food Bank Association 732 Joseph Lowery Blvd NW Atlanta GA 30318 582374577 501(c)(3) 50000 0 Mission Support United Heroes League 15211 Ravenna Trail 3rd floor Hastings MN 55033 270711063 501(c)(3) 50000 0 Mission Support Blessings in a Backpack Inc PO Box 950291 Louisville KY 40295 261964620 501(c)(3) 26040 0 Mission Support Points of Light 600 Means Street Suite 210 Suite 1800 Atlanta GA 30338 650206641 501(c)(3) 25000 0 Mission Support Robert W Woodruff Arts Center 1280 Peachtree St NE Atlanta GA 30309 580633971 501(c)(3) 25000 0 Mission Support Youth Opportunities Unlimited 1361 Euclid Avenue Cleveland OH 44115 341381135 501(c)(3) 22000 0 Mission Support St Joseph Catholic Orphan Society 2823 Frankfort Avenue Louisville KY 40206 610475286 501(c)(3) 21000 0 Mission Support I Am a Father 5k 2492 White Oak Drive Decatur GA 30032 811044572 501(c)(3) 20000 0 Mission Support North Carolina Outward Bound School 2582 Riceville Rd Asheville NC 28805 560857708 501(c)(3) 20000 0 Mission Support Boys & Girls Clubs of Middle Tennessee 1704 Charlotte Avenue Ste 200 Nashville TN 37203 620540402 501(c)(3) 18000 0 Mission Support United Way Asheville & Buncombe County 50 South French Broad Avenue Suite 1540 Asheville NC 28801 560576159 501(c)(3) 16667 0 Mission Support Agape Youth & Family Center 2210 Marietta Boulevard NW Atlanta GA 30318 582372950 501(c)(3) 10000 5484 FMV Food Mission Support The Stewart Foundation Inc PO Box 54860 East Tower Atlanta GA 30308 205918776 501(c)(3) 15000 0 Mission Support Utah Food Bank 3150 S 900 West Salt Lake City UT 84119 870212453 501(c)(3) 14500 0 Mission Support Community Action Services and Food Bank 815 S Freedom Blvd Ste 100 Provo UT 84601 870491952 501(c)(3) 14000 0 Mission Support Emerald Youth Foundation 1014 Heiskell Avenue 3rd Floor Suite 11 Knoxville TN 37921 621474791 501(c)(3) 13500 0 Mission Support Feeding Texas 1524 South IH035 Ste 342 Suite 119 Austin TX 78704 742762542 501(c)(3) 12807 0 Mission Support Atlanta Fire Rescue Foundation Inc PO Box 19045 Atlanta GA 31126 300245635 501(c)(3) 12500 0 Mission Support Belmont Hills Elementary 605 Glendale Place Suite 105 Smyrna GA 30080 586000214 501(c)(3) 5000 6981 FMV Food Mission Support Big Brothers Big Sisters of Metro Atlanta 1382 Peachtree Street NE Atlanta GA 30309 580861895 501(c)(3) 10000 0 Mission Support Big Brothers Big Sisters of Utah 2121 South State Street Suite 201 Dept 201 Salt Lake City UT 84115 870336168 501(c)(3) 10000 0 Mission Support Dream Vision Youth Foundation 26231 Sandcastle Court San Juan Capistrano CA 92675 300867722 501(c)(3) 10000 0 Mission Support Emergency Food Pantry Inc 1101 4th Avenue North Fargo ND 58102 510138107 501(c)(3) 10000 0 Mission Support Feeding South Dakota 1111 N Creek Drive Rapid City SD 57703 363293534 501(c)(3) 10000 0 Mission Support Fill Ministries 432 Canton Rd Ste A Cumming GA 30040 462706835 501(c)(3) 10000 0 Mission Support Focus On Your Future 1696 Harlington Road Smyrna GA 30082 822077844 501(c)(3) 10000 0 Mission Support Georgia Court Appointed Special Advocates 75 Marietta Street NW Ste 404 Atlanta GA 30303 581793382 501(c)(3) 10000 0 Mission Support Lifeline Children's Services 100 Missionary Ridge Birmingham AL 35242 630896878 501(c)(3) 10000 0 Mission Support Madonna School 6402 North 71st Plaza Omaha NE 68104 470491332 501(c)(3) 10000 0 Mission Support The Giving Kitchen Initiative 513 Edgewood Avenue Ste 100 Bldg 6 Room 617 Atlanta GA 30312 462176788 501(c)(3) 10000 0 Mission Support The Lovett School Inc 4075 Paces Ferry Road NW Atlanta GA 30327 580619038 501(c)(3) 10000 0 Mission Support Cristo Rey Atlanta Jesuit High School 222 Piedmont Ave Atlanta GA 30308 465370270 501(c)(3) 9000 0 Mission Support Muscular Dystrophy Assoc - Greater VA 1503 Santa Rosa Road Ste 120 Richmond VA 23229 131665552 501(c)(3) 9000 0 Mission Support Friendly House of Davenport Iowa 1221 Myrtle Street Davenport IA 52804 420733466 501(c)(3) 8000 0 Mission Support Catholic Community Services of Utah 2504 F Avenue Ogden UT 84401 870212450 501(c)(3) 7000 0 Mission Support CrossBridge Inc 335 Murfreesboro Pike Nashville TN 37210 161755991 501(c)(3) 7000 0 Mission Support Hospitality Education Foundation of GA 1579 Monroe Drive Ste 224 Atlanta GA 30324 582340138 501(c)(3) 7000 0 Mission Support Second Harvest Food Bank of Northeast TN 1020 Jericho Road Suite 2066 Kingsport TN 37663 621303822 501(c)(3) 7000 0 Mission Support United Way of Western Nebraska 1517 Broadway Ste 106 Scottsbluff NE 69361 470424788 501(c)(3) 7000 0 Mission Support Big Brothers Big Sisters of Metro Detroit 7700 Second Avenue Ste 602 Detroit MI 48202 386112533 501(c)(3) 6500 0 Mission Support Big Brothers Big Sisters Services Inc 1707 Summit Avenue 200 Richmond VA 23230 540702502 501(c)(3) 6500 0 Mission Support PTA Georgia Congress - Russom ES PTA 44 Russom Elementary Lane Dallas GA 30132 562355570 501(c)(3) 6436 0 Mission Support Abide Network Inc 3223 North 45th Street Omaha NE 68111 470655246 501(c)(3) 6000 0 Mission Support At The Core 4903 E Peone Pines Drive Mead WA 99021 462937061 501(c)(3) 6000 0 Mission Support Big Brothers Big Sisters of Puget Sound 1600 South Graham Street Seattle WA 98108 910673185 501(c)(3) 6000 0 Mission Support Big Brothers Big Sisters of Siouxland 3650 Glen Oaks Blvd Sioux City IA 51104 421121154 501(c)(3) 6000 0 Mission Support Big Oak Ranch Inc 6000 Shelley Drive Springville AL 35146 237413017 501(c)(3) 6000 0 Mission Support Dacotah Foundation 600 South 2nd Street Suite 308 Bismarck ND 58504 237115398 501(c)(3) 6000 0 Mission Support Downtown Jimmie Hale Mission PO Box 10472 Birmingham AL 352020472 630358757 501(c)(3) 6000 0 Mission Support Heartland Family Service 2101 S 42 Street Omaha NE 68105 470390618 501(c)(3) 6000 0 Mission Support Junior Achievement of Central Florida 2121 Camden Road Orlando FL 32803 590972112 501(c)(3) 6000 0 Mission Support Corporate Volunteer Council of Atlanta 600 Means Street NW Suite 100 Atlanta GA 30318 582054790 501(c)(3) 5500 0 Mission Support Marine Toys for Tots Foundation 18251 Quantico Gateway Drive Triangle VA 22172 203021444 501(c)(3) 5500 0 Mission Support 61 0 MONITORING PROCEDURES SCHEDULE I, PART I, LINE 2 ALL GRANTEES ARE REQUIRED AS PART OF THE APPLICATION PROCESS TO INDICATE HOW FUNDS WILL BE ALLOCATED. GRANTEES WHO RECEIVE $2500 OR MORE ARE REQUIRED TO FILE YEAR-END REPORT DETAILING HOW FUNDS WERE USED AND THE IMPACT OF THOSE FUNDS. DESCRIPTION OF GRANTS SCHEDULE I, PART II, LINE 1, COLUMN (H), GRANT #1 CONTRIBUTED FUNDS TO SHARE OUR STRENGTH, NO KID HUNGRY LOCAL AND NATIONAL CAMPAIGNS. X X X false false false false false false false false false Stuart Brown Exec. Director 139422 0 35509 0 0 0 7267 0 28195 0 210393 0 0 0 X Printed Material 0 106831 Fair Market Value X T-shirts 0 7664 Fair Market Value 0 false false false SCHEDULE M, PART I, LINE 25 THE ORGANIZATION RECEIVED A DONATION OF VARIOUS PRINTED MATERIALS. DUE TO THE LARGE QUANTITY RECEIVED, WE ARE UNABLE TO COUNT THE EXACT NUMBER OF MATERIALS. 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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