Bread Of Life Ministry Inc
- Assets
- $2.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Lynnville, IN
- Founding
- 12/1986
- Data as of
- 09/2022
- EIN
- 35-1672783
Organization Overview
Bread Of Life Ministry Inc is located in Lynnville, IN. The organization was established in 1986. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2022, Bread Of Life Ministry Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread Of Life 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 09/2022, Bread Of Life Ministry Inc generated $3.9m 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 (3.9%) each year. All expenses for the organization totaled $4.1m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
PROVIDE DONATED CLOTHING & FOOD TO THOSE IN NEED LIVING IN AND SURROUNDING TRI-STATE AREA AROUND INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY COLLECTS FOOD AND CLOTHING FROM INDIVIDUALS AND BUSINESSES FOR DISTRIBUTION TO FAMILIES AND OTHER AGENCIES IN THE TRI-STATE AREA. THE RADIO MINISTRY AIDS THESE SAME RECIPIENTS AND OTHERS SPIRITUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorrie L Higgs Treasurer | Officer | 40 | $20,820 |
James A Webb President | Officer | 40 | $19,760 |
William L Carlisle CEO | Officer | 40 | $8,880 |
Barbara A Gowen Vice-President | Officer | 40 | $0 |
Kelly Potter Secretary | Officer | 40 | $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 | $3,902,804 |
| Noncash contributions included in lines 1a–1f | $3,613,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,902,804 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $11,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,929,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,835,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,340 |
| Compensation of current officers, directors, key employees. | $4,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $478 |
| Advertising and promotion | $0 |
| Office expenses | $6,637 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,348 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,316 |
| Insurance | $19,818 |
| All other expenses | $19,007 |
| Total functional expenses | $4,127,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,195 |
| 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 | $1,802,850 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $262,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,156,171 |
| Accounts payable and accrued expenses | $9,661 |
| 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 | $7,626 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,287 |
| Net assets without donor restrictions | $2,138,884 |
| 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 | $2,156,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bread Of Life Ministry Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Tlgc Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
G O Ministries Inc Louisville, KY | $3,216,170 | $6,018,777 |
Lutheran Bible Translators Inc Concordia, MO | $15,904,913 | $8,793,746 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |