Bread & Roses Inc
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Lawrence, MA
- Founding
- 03/1988
- Data as of
- 06/2021
- EIN
- 04-2768119
Organization Overview
Bread & Roses Inc is located in Lawrence, MA. The organization was established in 1988. According to its NTEE Classification (K36) the organization is classified as: Meals on Wheels, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Bread & Roses Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread & Roses 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 06/2021, Bread & Roses Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 19.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BREAD & ROSES, INC. PROVIDES MEALS AND OTHER RELATED SERVICES FOR PERSONS IN NEED PRIMARILY FROM THE CITY OF LAWRENCE, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES MEALS AND OTHER RELATED SERVICES TO PERSONS IN NEED PRIMARILY FROM THE CITY OF LAWRENCE, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Maughn Treasurer | OfficerTrustee | 1 | $0 |
Thomas Baird Jr Board Secretary | OfficerTrustee | 1 | $0 |
David Brown President | OfficerTrustee | 1 | $0 |
Michael Morrisey Board Member | Trustee | 1 | $0 |
James Porter Board Member | Trustee | 1 | $0 |
Kathy Fitzpatrick Board Member | 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 | $1,211,925 |
| Noncash contributions included in lines 1a–1f | $652,491 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,211,925 |
| Total Program Service Revenue | $0 |
| Investment income | $19,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,962 |
| Compensation of current officers, directors, key employees. | $9,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,575 |
| Payroll taxes | $22,551 |
| Fees for services: Management | $305 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,293 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,190 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,104,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,968 |
| Savings and temporary cash investments | $13,911 |
| 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 | $133,155 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $201,413 |
| Investments—publicly traded securities | $972,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,443,930 |
| Accounts payable and accrued expenses | $40,201 |
| 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 | $64,245 |
| Other liabilities | $0 |
| Total liabilities | $104,446 |
| Net assets without donor restrictions | $1,321,035 |
| Net assets with donor restrictions | $18,449 |
| 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 | $1,443,930 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bread & Roses Inc has recieved totaling $49,000.
| Awarding Organization | Amount |
|---|---|
Josephine G Russell Trust Andover, MA PURPOSE: CHARITY | $19,000 |
Cornelius A & Muriel P Wood Charity Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $10,000 |
Artemas W Stearns Tr Andover, MA PURPOSE: CHARITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Share Of New Square Inc Spring Valley, NY | $10,692,839 | $16,535,923 |
Meals On Wheels For Western New York Inc Buffalo, NY | $2,366,169 | $6,122,553 |
Meals On Wheels Of Staten Island Inc Staten Island, NY | $16,126,953 | $6,231,063 |
Rockingham Nutrition & Meals On Wheels Program Brentwood, NH | $4,705,693 | $3,846,338 |
Meals On Wheels Of Ri Inc Providence, RI | $7,282,572 | $4,511,641 |
Meals On Wheels Programs & Services Of Rockland Inc Nanuet, NY | $4,193,177 | $3,994,020 |
Meals On Wheels Of Syracuse New York Inc Syracuse, NY | $3,259,506 | $1,654,078 |
Bread & Roses Inc Lawrence, MA | $1,443,930 | $1,251,000 |
Meals On Wheels Jamestown Area Inc Jamestown, NY | $251,763 | $818,305 |
Meals On Wheels Of Chemung County Inc Elmira, NY | $2,103,270 | $1,104,716 |
Sparrows Nest Of The Hudson Valley Inc Wappingers Falls, NY | $1,798,116 | $1,124,506 |
North Area Meals On Wheels Inc North Syracuse, NY | $1,146,189 | $821,755 |