Radford-Fairlawn Daily Bread Inc
- Assets
- $226.3k
- Revenue
- $139.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Radford, VA
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 54-1607968
Organization Overview
Radford-Fairlawn Daily Bread Inc is located in Radford, VA. The organization was established in 1992. According to its NTEE Classification (K34) the organization is classified as: Congregate Meals, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Radford-Fairlawn Daily Bread Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radford-Fairlawn Daily Bread 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, Radford-Fairlawn Daily Bread Inc generated $139.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $128.9k during the year ending 12/2021. While expenses have increased by 14.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A HOT FREE MEAL TO THOSE IN NEED 5 DAYS A WEEK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HOT FREE MEAL USING VOLUNTEERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Cheverton Director | Trustee | 2 | $1,188 |
William Fry Treasurer | Officer | $0 | |
Beth Cassell Co-Chair | Officer | $0 | |
Bob Macleod Officer, Sec | Officer | $0 | |
John Cox Director | Trustee | $0 | |
Heather Bell Director | Trustee | $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 | $139,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,026 |
| Total Program Service Revenue | $0 |
| Investment income | $395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,507 |
| 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 | $47,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,031 |
| Insurance | $2,662 |
| All other expenses | $158 |
| Total functional expenses | $128,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,134 |
| Savings and temporary cash investments | $15,675 |
| 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 | $79,205 |
| Investments—publicly traded securities | $24,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,808 |
| Total assets | $226,260 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,258 |
| Total liabilities | $20,258 |
| Net assets without donor restrictions | $206,002 |
| 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 | $226,260 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Radford-Fairlawn Daily Bread Inc has recieved totaling $23,040.
| Awarding Organization | Amount |
|---|---|
Trolinger Trust Orlando, FL PURPOSE: GENERAL OPERATING | $15,000 |
Lyerly Foundation Radford, VA PURPOSE: DONATION | $5,000 |
Carter And Kay Craigie Family Foundation Malvern, PA PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Britepaths Inc Fairfax, VA | $1,631,072 | $7,479,394 |
Thrive Dc Washington, DC | $1,136,357 | $3,384,321 |
Feednc Mooresville, NC | $4,652,896 | $5,139,586 |
Aaron Nutritional Services Inc Antioch, TN | $10,185 | $983,460 |
Shepherds Table Soup Kitchen Inc Raleigh, NC | $1,261,841 | $780,338 |
The Soup Kitchen Of Greater Wheeling Inc Wheeling, WV | $1,811,109 | $850,460 |
Hickory Soup Kitchen Inc Hickory, NC | $2,960,733 | $661,389 |
Open Table Ministry Durham, NC | $424,960 | $462,999 |
Hope Mission Of Carteret County Inc Morehead City, NC | $127,670 | $474,203 |
Loaves And Fishes Clarksville, TN | $3,551,596 | $418,872 |
Daily Bread Community Kitchen Morristown, TN | $1,164,933 | $339,532 |
Cacfp Assistance & Childcare Business Consulting Inc Oak Ridge, NC | $69,846 | $297,421 |