Bread For Life Inc
- Assets
- $2.1m
- Revenue
- $575.2k
- Investments
- $292.9k
- Employees
- 10
- Location
- Southington, CT
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 06-1232902
Organization Overview
Bread For Life Inc is located in Southington, CT. The organization was established in 1990. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Bread For Life Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread For 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 12/2022, Bread For Life Inc generated $575.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $446.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BREAD FOR LIFE IS TO PROVIDE FOOD, FELLOWSHIP AND A SENSE OF DIGNITY TO THOSE IN NEED. WE RELY ON THE GENEROSITY OF OUR COMMUNITY TO HELP US FULFILL OUR MISSION THAT NO ONE GOES HUNGRY IN OUR TOWN. OUR VISION IS ACCOMPLISHED BY PROVIDING MEALS SERVED DAILY IN OUR KITCHEN, DELIVERED WITHIN OUR SENIOR COMMUNITY AND ALSO TO OUR HOME-BOUND CITIZENS, AND TO CHILDREN IN THE SUMMER. BREAD FOR LIFE STRIVES TO HELP OUR CLIENTS WITH THEIR PERSONAL NEEDS THROUGH REFERRALS TO APPROPRIATE AGENCIES. WE ALSO ARE A VOICE TO EDUCATE OUR COMMUNITY ON HUNGER AND POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCH PROGRAM--HOT MEALS ARE PREPARED AND SERVED AT BREAD FOR LIFE AT NOON DAILY, MONDAY THROUGH FRIDAY. WE ARE LOCATED AT 31 VERMONT AVENUE IN SOUTHINGTON, CT. MEAL DELIVERY--BREAD FOR LIFE PROVIDES HOT LUNCH WEEKDAYS TO HOMEBOUND RESIDENTS WHO QUALIFY IN OUR COMMUNITY. WE ALSO DELIVER GROCERIES ON FRIDAY FOR WEEKEND MEALS TO THOSE WHO ARE UNABLE TO LEAVE THEIR HOMES. MOBILE FOOD PANTRY--BREAD FOR LIFE VISITS SOUTHINGTON'S MOST ECONOMICALLY CHALLENGED NEIGHBORHOODS BRINGING NON-PERISHABLE FOOD DIRECTLY TO THE PEOPLE WHO NEED IT THE MOST. SENIOR SERVICES--WE SERVE A GROUP LUNCH WEEKLY TO ALL RESIDENTS OF SOUTHINGTON HOUSING AUTHORITY COMMUNITIES AND SECTION 8 HOUSING. THESE GROUP LUNCHES GIVE SENIORS AN OPPORTUNITY TO SHARE A MEAL IN COMMUNITY EACH WEEK. FUEL FOR SCHOOL--WE PROVIDE BOARD OF EDUCATION APPROVED SNACKS TO STUDENTS IN SOUTHINGTON MIDDLE AND HIGH SCHOOLS WHO NEED A BOOST TO GET THROUGH THE DAY. CHILDREN'S SUMMER PROGRAM--BREAD FOR LIFE PROVIDE A LUNCH PROGRAM FOR CHILDREN IN LOW-INCOME NEIGHBORHOODS AND TO CHILDREN WHO RECEIVE FREE OR REDUCED HOT LUNCH DURING THE SCHOOL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Ayer Executive Di | Trustee | 40 | $71,231 |
Michael Baker Director | Trustee | 1 | $0 |
Susan Brett Treasurer | OfficerTrustee | 3 | $0 |
Pat Byrne Director | Trustee | 1 | $0 |
Dave Donnelly Vice Chairma | OfficerTrustee | 1 | $0 |
Tom Finn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,809 |
| Noncash contributions included in lines 1a–1f | $64,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,559 |
| Total Program Service Revenue | $11,042 |
| Investment income | $8,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20 |
| Net Income from Fundraising Events | $15,821 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $575,208 |
| 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. | $71,231 |
| Compensation of current officers, directors, key employees. | $7,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,349 |
| Office expenses | $16,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,413 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,291 |
| Insurance | $0 |
| All other expenses | $14,678 |
| Total functional expenses | $446,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,546 |
| Savings and temporary cash investments | $44,535 |
| 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 | $18,932 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $783,823 |
| Investments—publicly traded securities | $652,600 |
| Investments—other securities | $292,933 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,161 |
| Total assets | $2,075,530 |
| Accounts payable and accrued expenses | $37,937 |
| Grants payable | $0 |
| Deferred revenue | $68,000 |
| 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 | $5,752 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111,689 |
| Net assets without donor restrictions | $1,963,841 |
| 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 | $2,075,530 |