Breedlove Foods Inc
- Assets
- $8.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 37
- Location
- Lubbock, TX
- Founding
- 08/2008
- Data as of
- 09/2023
- EIN
- 26-2194373
Organization Overview
Breedlove Foods Inc is located in Lubbock, TX. The organization was established in 2008. 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 09/2023, Breedlove Foods Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breedlove Foods 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 09/2023, Breedlove Foods Inc generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $7.5m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 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
PARTNERING GLOBALLY TO PROVIDE NUTRITIOUS FOOD TO THE WORLD'S MOST VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEED THE HUNGRY OF THE WORLD BY: BUILDING RELATIONSHIPS WITH COMMODITY PRODUCERS, DISTRIBUTORS, WAREHOUSES, TRANSPORTERS, & PROCESSORS; PROCESSING NUTRITIOUS FOOD OF CONSISTENT QUALITY; AND DEVELOPING PARTNERSHIPS WITH OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Miller CEO | Trustee | 40 | $99,547 |
Dr Mike Ballou Director | Trustee | 1 | $0 |
Sammy Biggers Director | Trustee | 1 | $0 |
Brad Bouma Chairman | OfficerTrustee | 3 | $0 |
Dr Alexandra Calle Director | Trustee | 1 | $0 |
Sam Hawthorne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,390,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,475,290 |
| Total Program Service Revenue | $2,859,193 |
| 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 | $6,334,483 |
| 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 | $462,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,322 |
| Payroll taxes | $32,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $132,469 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,631 |
| Insurance | $150,886 |
| All other expenses | $31,327 |
| Total functional expenses | $7,477,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,012,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,354,739 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,410,907 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,041,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,819,918 |
| Accounts payable and accrued expenses | $111,152 |
| Grants payable | $0 |
| Deferred revenue | $1,867,736 |
| 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 | $37,959 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,016,847 |
| Net assets without donor restrictions | $6,738,514 |
| Net assets with donor restrictions | $64,557 |
| 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 | $8,819,918 |