Daily Bread Ministries Inc
- Assets
- $894.0k
- Revenue
- $250.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Greer, SC
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 57-0947109
Organization Overview
Daily Bread Ministries Inc is located in Greer, SC. The organization was established in 1993. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Daily Bread Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daily Bread Ministries 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, Daily Bread Ministries Inc generated $250.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $279.3k during the year ending 12/2022. 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 MEALS TO THE NEEDY AND PROVIDE HOUSING FOR INDIVIUALS/FAMILIES WHO WISH TO LEAVE HOMELESSNESS AND ENABLE THEMSELVES TO ENTER OR RE-ENTER THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEALS TO THE NEEDY AND PROVIDE HOUSING FOR INDIVIUALS/FAMILIES WHO WISH TO LEAVE HOMELESSNESS AND ENABLE THEMSELVES TO ENTER OR RE-ENTER THE WORKFORCE.
PROVIDE MEALS TO THE NEEDY AND PROVIDE HOUSING FOR INDIVIUALS/FAMILIES WHO WISH TO LEAVE HOMELESSNESS AND ENABLE THEMSELVES TO ENTER OR RE-ENTER THE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Dittmar Secretary | Officer | $0 | |
Eugenia Bentley Treasurer | Officer | $0 | |
Jeff Flack Secretary | Officer | $0 | |
Karen Murphy Secretary | Officer | $0 | |
Chris Farinella Chairman | Officer | $0 | |
Rev Furman Pace Gatewood Secretary | Officer | $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 | $249,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,645 |
| Total Program Service Revenue | $0 |
| Investment income | $584 |
| 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 | $250,229 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $80,761 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,153 |
| Advertising and promotion | $1,590 |
| Office expenses | $7,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,907 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,592 |
| Insurance | $11,085 |
| All other expenses | $17,624 |
| Total functional expenses | $279,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,646 |
| 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 | $641,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $894,005 |
| 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 | $10,700 |
| Total liabilities | $10,700 |
| Net assets without donor restrictions | $883,305 |
| 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 | $894,005 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Daily Bread Ministries Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $4,000 |
United Bank Upstate Sc Foundation Greer, SC PURPOSE: TO FURTHER THE PURPOSE OF THE CHARITABLE ORGANIZATION | $3,000 |
County Bank Foundation Greenwood, SC PURPOSE: GENERAL DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Cabarrus Cooperative Christian Ministry Inc Concord, NC | $3,832,033 | $7,565,999 |
Providence Ministries Inc Dalton, GA | $6,212,621 | $7,183,854 |
Clover Garden School Inc Burlington, NC | $26,998,192 | $6,754,546 |