Dividing Bread Ministry Inc
- Assets
- $108.0k
- Revenue
- $263.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Skiatook, OK
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-2364217
Organization Overview
Dividing Bread Ministry Inc is located in Skiatook, OK. The organization was established in 2010. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Dividing Bread Ministry Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dividing Bread Ministry 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, Dividing Bread Ministry Inc generated $263.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $270.4k during the year ending 12/2022. While expenses have increased by 11.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHOW CHRIST-LIKE LOVE AND SUPPORT BY PROVIDING BASIC NEEDS SUCH AS FOOD, CLOTHING AND HOUSEHOLD ITEMS TO THOSE IN NEED IN OUR LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PURCHASED WITH THRIFT STORE PROCEEDS AND DONATED FROM LOCAL GROCERS ENABLED 1,000 BOXES OF FOOD TO BE DISTRIBUTED TO 11,800 FAMILIES, AS WELL AS 6,500 HOT MEALS GIVEN OUT THROUGH THE FOUR FOOD PANTRIES. CLOTHING WAS DONATED FROM THE THRIFT STORE TO 458 PEOPLE. THROUGH THE FOOD FOR KIDS BACKPACK PROGRAM ELEMENTARY SCHOOL CHILDREN IN FOUR OSAGE CO, OK SCHOOL DISTRICTS WERE PROVIDED BACKPACKS OF FOOD DURING THE SCHOOL YEAR FOR A TOTAL OF 135 CHILDREN GETTING A PACK OF FOOD EVERY FRIDAY FOR A TOTAL OF 4,025 BACK PACKS OF FOOD. BACK PACK FOOD WAS ALSO DISTRIBUTED TO 240 ADDITIONAL CHILDREN IN TWO ADDITIONAL SCHOOL DISTRICTS IN TULSA CO, OK. AN ANGEL TREE GIFT PROGRAM FOR COLLINSVILLE, OK CHILDREN WAS COORDINATED AS WELL AS AN ANGEL TREE PARTY FOR 350 CHILDREN. THIRTY FIVE VOLUNTEERS DONATED THOUSANDS OF HOURS OF LABOR TO THE COMBINED PROGRAMS MAKING IT ONE OF THE MOST SUCCESSFUL ORGANIZATIONS IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Jepson President | Trustee | 40 | $25,350 |
Steven Morrison Secretary | Trustee | 40 | $17,025 |
Don Jepson Treasurer | Trustee | 10 | $0 |
Roberta Sweeney Director | Trustee | 2 | $0 |
David Larue Director | Trustee | 2 | $0 |
Linnette Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,151 |
| Noncash contributions included in lines 1a–1f | $218,865 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,151 |
| 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 | $263,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400 |
| Grants and other assistance to domestic individuals. | $15,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,375 |
| Compensation of current officers, directors, key employees. | $10,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,865 |
| 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 | $480 |
| Advertising and promotion | $805 |
| Office expenses | $3,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,438 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,394 |
| Insurance | $12,297 |
| All other expenses | $4,129 |
| Total functional expenses | $270,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,101 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $59,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $108,009 |
| Accounts payable and accrued expenses | $0 |
| 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 | $51,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $51,934 |
| Net assets without donor restrictions | $56,075 |
| 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 | $108,009 |