Bread Of Life Inc
- Assets
- $4.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Malden, MA
- Founding
- 01/1993
- Data as of
- 12/2021
- 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 12/2021, Bread Of Life Inc employed 18 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 $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $771.5k during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 6 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
MEALS PROGRAM, FOOD PANTRY AND OUTREACH PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE EVENING MEALSBOL PROVIDES FREE EVENING MEALS WITHIN A COMMUNITY OF SHARING AND CARING. IN 2021 WE SERVED APPROXIMATELY 47,400 EVENING MEALS, LUNCHES AND SNACK MEALS TO LOCAL WORKING FAMILIES, SENIORS, PEOPLE WITH DISABILITIES AND HOMELESS INDIVIDUALS.
FOOD PANTRYIN 2021, THE FOOD PANTRY SERVED 37,700 HOUSEHOLDS COMPRISED OF 107,800 ADULTS, CHILDREN AND SENIOR CITIZENS, WITH 83,700 BAGS OF GROCERIES.THE INDIVIDUALS THAT THIS PROGRAM SERVED INCLUDE SINGLE MOTHERS AND THEIR CHILDREN, LOW WAGE EARNERS, HOMELESS INDIVIDUALS, ELDERS AND DISABLED ADULTS ON FIXED INCOMES, AND RECENT IMMIGRANTS. OF THESE, 60% WERE FROM MALDEN, 31% FROM EVERETT, 6% FROM MEDFORD, 2% FROM MELROSE, 1% FROM SAUGUS, WINCHESTER, N. READING, READING, STONEHAM AND WAKEFIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Twomey President | OfficerTrustee | 2 | $0 |
Chris Chitouras Secretary | OfficerTrustee | 2 | $0 |
Mary Beth Leon Vice President | OfficerTrustee | 2 | $0 |
Edwin Andrews Treasurer | OfficerTrustee | 2 | $0 |
Mark Golub Director | Trustee | 2 | $0 |
Dennis Roche Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,246 |
| Related organizations | $0 |
| Government grants | $156,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,995,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,244,469 |
| Total Program Service Revenue | $0 |
| 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 | $2,244,469 |
| 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 | $326,963 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,897 |
| Payroll taxes | $32,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,202 |
| Advertising and promotion | $25,931 |
| Office expenses | $6,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,435 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,353 |
| Insurance | $7,050 |
| All other expenses | $4,412 |
| Total functional expenses | $771,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,528,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $732,504 |
| 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 | $11,924 |
| Net Land, buildings, and equipment | $700,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $317,392 |
| Total assets | $4,290,759 |
| Accounts payable and accrued expenses | $30,790 |
| 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 | $603,393 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $734,183 |
| Net assets without donor restrictions | $1,260,090 |
| Net assets with donor restrictions | $2,296,486 |
| 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 | $4,290,759 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Bread Of Life Inc has recieved totaling $156,837.
| Awarding Organization | Amount |
|---|---|
Oneworld Boston Inc Woburn, MA PURPOSE: SERVICES | $41,000 |
Cambridge Savings Charitable Foundation Inc Cambridge, MA PURPOSE: EXEMPT PURPOSE | $30,000 |
Amelia Peabody Charitable Fund Trs Boston, MA PURPOSE: CAPITAL | $17,000 |
Joy In Childhood Foundation Inc Canton, MA PURPOSE: Support Sick and Hungry Kids | $15,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Philanthropy Massachusetts Inc Boston, MA PURPOSE: FOR OPERATING AND PROGRAM SUPPORT. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Guardian Services New York, NY | $37,509,798 | $86,868,371 |
Cardinal Mccloskey School & Home For Children Inc Valhalla, NY | $29,936,400 | $67,045,023 |
Catholic Charities Of Diocese Of Albany Albany, NY | $36,309,218 | $44,877,595 |
St Anns Home Inc Methuen, MA | $37,347,365 | $32,094,159 |
Christian Herald Assn Inc New York, NY | $39,203,041 | $30,264,134 |
Alternatives For Children East Setauket, NY | $11,797,898 | $22,064,885 |
Lutheran Center At Poughkeepsie Inc Scarsdale, NY | $12,784,565 | $22,238,039 |
Redeemer City To City New York, NY | $39,118,134 | $27,107,452 |
Catholic Cemeteries Of The Roman Westbury, NY | $88,272,871 | $14,740,911 |
Liberation Programs Inc Norwalk, CT | $5,758,645 | $12,035,919 |
Public Relations Society Of America Inc New York, NY | $7,935,177 | $9,278,462 |
Tompkins Cortland Community College Foundation Dryden, NY | $60,556,305 | $8,680,534 |