Bread Inc
- Assets
- $58.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gastonia, NC
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 56-2023951
Organization Overview
Bread Inc is located in Gastonia, NC. The organization was established in 1998. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2023, Bread Inc generated $59.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $96.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BREAD INC.PROVIDES PACKAGED,CANNED AND FRESH FOOD FOR TAKE AWAY AS AVAILABLE TO CLIENTS WITH DOCUMENTED NEED ON A WEEKLY BASIS. DONATED CLOTHING AND HOUSEHOLD ITEMS ARE ALSO MADE AVAILABLE ALL FREE OF CHARGE. FROM DIRECTOR AND OFFICERS TO EVERYDAY STAFF BREAD INC. IS COMPLETELY VOLUNTEER HAVING NO PAID EMPLOYEES. SOME FOOD HAS TO BE PURCHASED BUT MOST IS DONATED BY LOCAL BUSINESSES. JANUARY OF 2023 BREAD SERVED APPROXIMATELY 100-150 CLIENTS WEEKLY. BY THE END OF THE YEAR THAT NUMBER HAD REACHED 150-200 WEEKLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill C Moore Director | 30 | $0 | |
Nancy Bryant Assistant Director | 20 | $0 | |
Steve Epperson Board Director | 1 | $0 | |
Steven Caldwell Board Member | 1 | $0 | |
Jay Mcguinness Board Member | 1 | $0 | |
Charlie Roach Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,917 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $43,891 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,040 |
| Total expenses | $96,931 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,828 |
| Other assets | $0 |
| Total assets | $58,828 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,828 |