Daily Bread Inc
- Assets
- $3.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Melbourne, FL
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 59-2846212
Organization Overview
Daily Bread Inc is located in Melbourne, FL. The organization was established in 1988. According to its NTEE Classification (K34) the organization is classified as: Congregate Meals, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Daily Bread Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daily Bread 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 12/2021, Daily Bread Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 16.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DAILY BREAD'S VISION IS TO ASSSIT COMMUNITIES TO COME TOGETHER TO FACE HUNGER AND HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SUPPORT
FRESH START PROGRAM
DAILY MEAL PROGRAM / FOOD PANTRY - 36,417 MEALS WERE SERVED DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Njus Executive Director | OfficerTrustee | 40 | $71,692 |
Neal Driscoll President | OfficerTrustee | 3 | $0 |
Karen Strasko Treasurer | OfficerTrustee | 3 | $0 |
Victoria Follette Secretary | OfficerTrustee | 3 | $0 |
Kristie Utzler Director | Trustee | 0.5 | $0 |
Polly Anderberg Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $717,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,272,931 |
| Noncash contributions included in lines 1a–1f | $420,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,990,745 |
| Total Program Service Revenue | $0 |
| Investment income | $2,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,525 |
| Net Gain/Loss on Asset Sales | $692 |
| Net Income from Fundraising Events | $43,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,074,713 |
| 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. | $72,068 |
| Compensation of current officers, directors, key employees. | $36,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,407 |
| Payroll taxes | $48,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $8,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,719 |
| Fees for services: Other | $10,200 |
| Advertising and promotion | $1,637 |
| Office expenses | $16,170 |
| Information technology | $17,918 |
| Royalties | $0 |
| Occupancy | $86,789 |
| Travel | $18,779 |
| 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 | $70,527 |
| Insurance | $40,172 |
| All other expenses | $6,082 |
| Total functional expenses | $2,185,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,548 |
| Savings and temporary cash investments | $145,771 |
| Pledges and grants receivable | $91,700 |
| Accounts receivable, net | $17,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,275 |
| Prepaid expenses and deferred charges | $7,585 |
| Net Land, buildings, and equipment | $1,877,221 |
| Investments—publicly traded securities | $374,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,952,112 |
| Accounts payable and accrued expenses | $47,676 |
| Grants payable | $0 |
| Deferred revenue | $17,840 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,516 |
| Net assets without donor restrictions | $2,886,596 |
| Net assets with donor restrictions | $0 |
| 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 | $2,952,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Daily Bread Inc has recieved totaling $5,300.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,300 |
Endowment Analysis
| Beg. Balance | $315,582 |
| Earnings | $34,490 |
| Net Contributions | $24,100 |
| Ending Balance | $374,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boca Helping Hands Inc Boca Raton, FL | $9,053,679 | $9,377,916 |
Supportive Nutritional Aid Program Fayetteville, GA | $357,532 | $3,313,434 |
Daily Bread Inc Melbourne, FL | $2,952,112 | $2,074,713 |
Kikstart Inc Bessemer, AL | $1,758,798 | $1,758,798 |
Meals On Wheels Of Sarasota Inc Sarasota, FL | $3,061,006 | $1,470,219 |
Loaves And Fishes Soup Kitchen Inc Pensacola, FL | $2,072,246 | $1,071,466 |
Our Fathers House Soup Kitchen Inc Pompano Beach, FL | $1,170,672 | $1,322,026 |
The Soup Kitchen Inc Boynton Beach, FL | $3,872,183 | $1,518,164 |
Manufactures Agents For Food Service Industry Atlanta, GA | $1,695,220 | $746,136 |
Quality Living Services Inc Atlanta, GA | $1,083,454 | $764,568 |
Community Kitchens Of Birmingham Birmingham, AL | $328,446 | $340,036 |
Community Soup Bowl Inc Tuscaloosa, AL | $526,361 | $342,453 |