Bread Project
- Assets
- $394.1k
- Revenue
- $694.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Berkeley, CA
- Founding
- 07/2000
- Data as of
- 06/2023
- EIN
- 94-3363920
Organization Overview
Bread Project is located in Berkeley, CA. The organization was established in 2000. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, Bread Project employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread Project 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 06/2023, Bread Project generated $694.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $671.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE A FOOD PREP & BAKING JOB TRAINING & PLACEMENT PROGRAM. THE PROGRAM IS 5 WEEKS, 150 HOURS,AND FREE FOR ALL LOW INCOME YOUTH AND ADULTS OVER 18 IN THE SANFRANCISCO BAY AREA. YOU WILL LEARN COMMERCIAL FOOD PREPARATION ANDBAKING ALONG WITH THE JOB READINESS SKILLS ESSENTIAL TO MEANINGFULEMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETWEEN JULY 1, 2022, AND JUNE 30, 2023 THE BREAD PROJECT ENROLLED 77 LOW-INCOME INDIVIDUALS AND GRADUATED 54 OVER A PERIOD OF NINE FOOD PREP & BAKING JOB TRAINING & PLACEMENT PROGRAM SESSIONS. EACH PROGRAM SESSION IS 5 WEEKS LONG, 150 HOURS OF INSTRUCTION, WITH A COHORT OF 8-12 PARTICIPANTS. WITH 54 GRADUATES @ 150 HOURS EACH, THATS A COMBINED 8,100 HOURS OF INDIVIDUALIZED INSTRUCTION. 96% OF THE PROGRAM PARTICIPANTS WERE LOW-INCOME, 88% WERE UNEMPLOYED UPON ENROLLMENT, AND 35% WERE RECEIVING SOME FORM OF PUBLIC BENEFITS. THE GRADUATES FACED MANY BARRIERS TO EMPLOYMENT: 49% LACKED PERMANENT HOUSING, 58% HAD MINIMAL FORMAL EDUCATION ENDING WITH HIGH SCHOOL OR A GED, 41% WERE REENTRY OR JUSTICE-INVOLVED, 10% WERE IMMIGRANTS OR REFUGEES, AND 14% HAD A DISABILITY. 89% OF THE GRADUATES SEEKING EMPLOYMENT WERE HIRED WITHIN 30-60 DAYS OF GRADUATION, 86% WERE STILL IN THEIR JOBS AFTER 90 DAYS, AND THE AVERAGE WAGE WAS $20 PER HOUR. DEMOGRAPHICALLY, 60% WERE FEMALE, 40% WERE MALE, AND OF THOSE, THE PREDOMINANT POPULATIONS WERE BLACK/AFRICAN AMERICAN 55%, HISPANIC/LATINO(A) 26%, AND WHITE/ CAUCASIAN 10%. AGEWISE, 20% WERE 18-24, 56% WERE 25-45, AND 23% WERE OVER 45.
OUR COMMUNITY MEAL PROGRAM FOR THE HOMELESS AND FOOD INSECURE WAS ON HOLD WHEN OUR NONPROFIT PARTNER OPERATING A HOMELESS SHELTER LOST ITS FOOD CONTRACT.
OUR ENTREPRENEURS INCUBATOR PROGRAM PROVIDED 5 ENTREPRENEURS AND THEIR FOOD STARTUPS WITH TRAINING IN FOOD HANDLING, RECIPE AND PRODUCTION SCALING, AND BUSINESS PLANNING, AS WELL AS KITCHEN SPACE FOR THEIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Usha Gongal Executive Dir. | Officer | 40 | $91,508 |
Lisa Caronna Board President | OfficerTrustee | 5 | $0 |
William Miner Vice President | OfficerTrustee | 5 | $0 |
Scott Miller Vice Pres Dev. | OfficerTrustee | 5 | $0 |
Jacqueline Karkasis Msw Secretary | OfficerTrustee | 5 | $0 |
Jane Micallef Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,702 |
| Noncash contributions included in lines 1a–1f | $20,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,483 |
| Total Program Service Revenue | $100,663 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,093 |
| 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. | $91,507 |
| Compensation of current officers, directors, key employees. | $11,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,710 |
| Payroll taxes | $30,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $888 |
| Office expenses | $503 |
| Information technology | $4,551 |
| Royalties | $0 |
| Occupancy | $45,607 |
| Travel | $3,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,874 |
| Insurance | $8,180 |
| All other expenses | $22,054 |
| Total functional expenses | $671,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $658 |
| Net Land, buildings, and equipment | $2,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,563 |
| Total assets | $394,096 |
| Accounts payable and accrued expenses | $11,138 |
| 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 | $135,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,479 |
| Total liabilities | $312,774 |
| Net assets without donor restrictions | -$13,678 |
| Net assets with donor restrictions | $95,000 |
| 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 | $394,096 |