Bread Of Life Inc
- Assets
- $6.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Malden, MA
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 22-3199801
Organization Overview
Bread Of Life Inc is located in Malden, MA. The organization was established in 1993. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, 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 12/2023, Bread Of Life Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $907.6k during the year ending 12/2023. While expenses have increased by 10.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEALS PROGRAM, FOOD PANTRY AND OUTREACH PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PANTRY AND MEALS PROGRAMIN 2023, BREAD OF LIFE EXPANDED ITS FOOD PROGRAMS TO KEEP UP WITH AN 18% FOOD INSECURITY RATE IN MASSACHUSETTS AS OF SEPTEMBER 2023, A LEVEL THAT APPROACHES WHAT WE SAW DURING THE PANDEMIC. WE CONTINUE TO MEET THE NEED AND STOP FOOD INSECURITY FOR THOUSANDS OF STRUGGLING NEIGHBORS IN MALDEN, EVERETT, MELROSE, MEDFORD, WAKEFIELD, WINCHESTER, STONEHAM, SAUGUS, READING, NORTH READING, WINTHROP, REVERE AND CHELSEA. O PROVIDED FOOD FOR 63,000 HOUSEHOLDS MADE UP OF 144,000 INDIVIDUALS.O DISTRIBUTED 79,000 BAGS OF GROCERIES TO ADULTS, CHILDREN AND SENIORS THROUGH OUR MALDEN AND EVERETT PANTRIES, MOTEL OUTREACH AND EVERETT BACKPACK NUTRITION PROGRAM.O DELIVERED 12,000 GROCERY ORDERS TO SENIOR CITIZENS, DISABLED RESIDENTS AND COVID-QUARANTINED HOUSEHOLDS THROUGH OUR GROCERY DELIVERY PROGRAM.O DELIVERED MEALS AND GROCERIES TO 4,300 HOMELESS HOUSEHOLDS OF INDIVIDUALS AND FAMILIES SHELTERED IN LOCAL MOTELS.O DISTRIBUTED 3,030 BACKPACKS TO STUDENTS IN THE EVERETT PUBLIC SCHOOLS.O PROVIDED 33,584 MEALS THROUGH OUR EVENING MEAL PROGRAM, INCLUDING MEAL DELIVERY TO HOMEBOUND SENIOR CITIZENS AND FAMILIES AND INDIVIDUALS IN SHELTER. O PROVIDED INTERPRETING AND TRANSLATION SERVICES, NUTRITION AND SANITATION EDUCATION, AND OUTREACH TO IMMIGRANT AND BIPOC COMMUNITIES TO IMPROVE FOOD EQUITY BY OVERCOMING BARRIERS TO ACCESS THROUGH OUR FOOD ACCESS PROJECT.O PROVIDED THOUSANDS OF DOLLARS' WORTH OF SUPERMARKET GIFT CARDS, TOILETRIES, HOUSEHOLD SUPPLIES, DIAPERS, BLANKETS, JACKETS, BOOTS, SNEAKERS, GLOVES, HATS AND SCARVES TO FAMILIES AND INDIVIDUALS.
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 |
|---|---|---|---|
Sean Twomey President | OfficerTrustee | 2 | $0 |
Mary Beth Leon Vice President | OfficerTrustee | 2 | $0 |
Chris Chitouras Secretary | OfficerTrustee | 2 | $0 |
Mark Golub Director | Trustee | 2 | $0 |
Dennis Roche Director | Trustee | 2 | $0 |
Kathleen Mckenna Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,836 |
| Related organizations | $0 |
| Government grants | $196,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $931,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,289,372 |
| Total Program Service Revenue | $0 |
| Investment income | $34,762 |
| 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 | $1,324,134 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,259 |
| Payroll taxes | $38,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,357 |
| Office expenses | $15,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,870 |
| Travel | $0 |
| 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 | $40,470 |
| Insurance | $3,778 |
| All other expenses | $24,630 |
| Total functional expenses | $907,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,686,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $336,019 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $18,864 |
| Net Land, buildings, and equipment | $637,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,718,304 |
| Total assets | $6,396,918 |
| Accounts payable and accrued expenses | $189,671 |
| 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 | $79,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $269,669 |
| Net assets without donor restrictions | $5,534,672 |
| Net assets with donor restrictions | $592,577 |
| 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 | $6,396,918 |