Daily Bread Inc
- Assets
- $3.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Melbourne, FL
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 59-2846212
Organization Overview
Daily Bread Inc is located in Melbourne, FL. The organization was established in 1988. 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 12/2022, Daily Bread Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Daily Bread Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 17.0% 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
DAILY BREAD'S VISION IS TO ASSSIT COMMUNITIES TO COME TOGETHER TO FACE HUNGER AND HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DISTRIBUTION: THE ORGANIZATION DISTRIBUTES APPROXIMATELY 1.6 MILLION POUNDS OF FOOD ACROSS BREVARD COUNTY EACH YEAR, THROUGH PARTNERSHIPS WITH OVER 25 LOCAL FOOD PANTRIES.
OUTREACH / FRESH START PROGRAM: THE ORGANIZATION PROVIDES SHOWERS AND CLEAN CLOTHES TO INDIVIDUALS WITHOUT A HOME OR HOT WATER EACH DAY. IN 2022, DAILY BREAD FACILITATED AN AVERAGE OF 245 SHOWERS A WEEK, A 13% INCREASE OVER 2021.THE ORGANIZATION ALSO PROVIDES A PATH FROM STREET TO HOME FOR THE HOMELESS IN THE LOCAL AREA, WHERE THE ORGANIZATION PROVIDES ACCESS TO MEDICAL CARE, TEMPORARY SHELTER, ASSISTS WITH TRANSPORTATION, AND OTHER TRANSITIONAL SUPPORT SERVICES. IN 2022, DAILY BREAD PROVIDED 5,352 NIGHTS AT A HOTEL FOR 89 UNIQUE INDIVIDUALS. IN ADDITION, THE ORGANIZATION PROVIDED $9,375 OF PRESCRIPTIONS TO 169 UNIQUE INDIVIDUALS DURING 2022.
DAILY MEAL PROGRAM / FOOD PANTRY - 49,575 MEALS WERE SERVED DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polly Anderberg Director | Trustee | 0.5 | $0 |
Dan Powers President | OfficerTrustee | 3 | $0 |
Kristie Utzler Director | Trustee | 0.5 | $0 |
Federico Arocena Director | Trustee | 0.5 | $0 |
Jeffrey Njus Executive Director | OfficerTrustee | 40 | $77,192 |
Renee Dial Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,660 |
| Related organizations | $0 |
| Government grants | $563,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,778,506 |
| Noncash contributions included in lines 1a–1f | $1,123,878 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,376,697 |
| Total Program Service Revenue | $0 |
| Investment income | $5,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,840 |
| Net Gain/Loss on Asset Sales | $571,446 |
| Net Income from Fundraising Events | $38,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,012,990 |
| 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. | $74,894 |
| Compensation of current officers, directors, key employees. | $6,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,604 |
| Pension plan accruals and contributions | $4,566 |
| Other employee benefits | $768 |
| Payroll taxes | $48,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $16,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,922 |
| Fees for services: Other | $6,793 |
| Advertising and promotion | $0 |
| Office expenses | $25,775 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $90,903 |
| Travel | $15,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,972 |
| Insurance | $43,695 |
| All other expenses | $15,780 |
| Total functional expenses | $2,650,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,238 |
| Savings and temporary cash investments | $910,210 |
| Pledges and grants receivable | $23,042 |
| 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 | $120,126 |
| Prepaid expenses and deferred charges | $3,187 |
| Net Land, buildings, and equipment | $1,607,036 |
| Investments—publicly traded securities | $308,143 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $3,221,982 |
| Accounts payable and accrued expenses | $32,211 |
| 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 | $5,006 |
| Total liabilities | $37,217 |
| Net assets without donor restrictions | $3,184,765 |
| 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 | $3,221,982 |