Bread Of Life Inc
- Assets
- $8.0m
- Revenue
- $13.3m
- Investments
- $2.0m
- Employees
- 23
- Location
- Houston, TX
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 76-0386510
Organization Overview
Bread Of Life Inc is located in Houston, TX. The organization was established in 1993. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Bread Of Life Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread Of Life 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, Bread Of Life Inc generated $13.3m in total revenue. All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 66.8% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAD OF LIFE PROVIDES PROGRAMS FOCUSED ON DISASTER RELIEF, COMMUNITY DEVELOPMENT, ADVOCACY AND HEALTH AND HUMAN SERVICES. WE DISTRIBUTE TONS OF FOOD, PRODUCE, AND NON-FOOD HOUSEHOLD ITEMS TO PERSONS IMPACTED BY NATURAL LIFE DISASTERS.
ADVOCACY INCLUDES A RADIO STATION AND COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Tarrant Trustee & CEO | OfficerTrustee | 40 | $109,000 |
Rudy Rasmus Trustee | Trustee | 0 | $10,000 |
David Feldman Secretary | Officer | 1 | $0 |
Melvin Gray President | Officer | 1 | $0 |
Juanita Rasmus Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,228,195 |
| Noncash contributions included in lines 1a–1f | $6,582,558 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,327,730 |
| Total Program Service Revenue | $7,938 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,347,076 |
| 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. | $119,000 |
| Compensation of current officers, directors, key employees. | $119,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,478 |
| Pension plan accruals and contributions | $48,000 |
| Other employee benefits | $35,642 |
| Payroll taxes | $53,156 |
| Fees for services: Management | $70,363 |
| Fees for services: Legal | $10,561 |
| Fees for services: Accounting | $34,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $780,940 |
| Advertising and promotion | $68,453 |
| Office expenses | $66,057 |
| Information technology | $146,190 |
| Royalties | $0 |
| Occupancy | $339,396 |
| Travel | $12,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,245 |
| Insurance | $58,464 |
| All other expenses | $218,842 |
| Total functional expenses | $11,343,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,390 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $640 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,974,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,002,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $609 |
| Total assets | $8,049,650 |
| Accounts payable and accrued expenses | $68,417 |
| 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 | $4,565,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,129 |
| Total liabilities | $4,639,817 |
| Net assets without donor restrictions | $3,409,833 |
| 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 | $8,049,650 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bread Of Life Inc has recieved totaling $5,757,084.
| Awarding Organization | Amount |
|---|---|
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $5,682,672 |
Leslie L Alexander Foundation Delray Beach, FL PURPOSE: FOOD BANK | $60,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,182 |
Grant Cardone Foundation Inc Aventura, FL PURPOSE: FOOD FOR THE HUNGRY | $7,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $180 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |
Ki Bois Community Action Foundation Inc Stigler, OK | $27,685,508 | $35,271,421 |
Partnership With Native Americans Addison, TX | $31,954,909 | $29,203,956 |
Depelchin Childrens Center Houston, TX | $140,964,065 | $31,747,844 |
Brazos Valley Community Action Agency Inc College Station, TX | $30,507,225 | $30,120,214 |
Catholic Charities Archdiocese Of New Orleans New Orleans, LA | $39,508,776 | $23,303,323 |
Living Water International Stafford, TX | $8,393,530 | $22,628,550 |
Southeast Texas Food Bank Beaumont, TX | $19,899,709 | $23,611,554 |