Our Daily Bread Ministries Trust

Organization Overview

Our Daily Bread Ministries Trust is located in Grand Rapids, MI. The organization was established in 1979. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Daily Bread Ministries Trust 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 03/2022, Our Daily Bread Ministries Trust generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.1m during the year ending 03/2022. While expenses have increased by 16.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION ASSISTS INDIVIDUALS THAT SUPPORT RBC MINISTRIES (ALSO A 501 C 3 ENTITY)BY PROVIDING CHARITABLE GIFT ANNUITIES & HOLDING MONIES UNDER TRUST AGREEMENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST PROVIDES A MEANS OF RAISING FUNDS FOR RBC MINISTRIES WHICH IS A 501 (C) (3) ORGANIZATION TO ENABLE THEM TO CARRY ON THEIR EXEMPT PURPOSE.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Ferwerda
Trustee
$0
Gary Wicker
Trustee
$0
William Walker
Trustee
$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$900,163
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$900,163
Total Program Service Revenue$0
Investment income $161,053
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $398,952
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,460,168

Grants Awarded

Over the last fiscal year, Our Daily Bread Ministries Trust has awarded $759,484 in support to 2 organizations.

Grant RecipientAmount

Grand Rapids, MI

PURPOSE: Ministry

$607,587

OUR DAILY BREAD MINISTRIES FOUNDATION

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: Ministry

$151,897
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Our Daily Bread Ministries Trust has recieved totaling $1,000.

Awarding OrganizationAmount
Windsor Foundation Inc

Dover, DE

PURPOSE: DAILY BREAD DEVOTIONALS

$1,000
View Grant Recipient Profile

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