Daily Bread Inc

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 12/2021, Daily Bread Inc employed 33 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 12/2021, Daily Bread Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 16.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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

HOUSING SUPPORT


FRESH START PROGRAM


DAILY MEAL PROGRAM / FOOD PANTRY - 36,417 MEALS WERE SERVED DURING THE YEAR


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Njus
Executive Director
$71,692
Karen Strasko
Treasurer
$0
Neal Driscoll
President
$0
Victoria Follette
Secretary
$0
Kristie Utzler
Director
$0
Polly Anderberg
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $717,814
All other contributions, gifts, grants, and similar amounts not included above$1,272,931
Noncash contributions included in lines 1a–1f $420,766
Total Revenue from Contributions, Gifts, Grants & Similar$1,990,745
Total Program Service Revenue$0
Investment income $2,625
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $37,525
Net Gain/Loss on Asset Sales $692
Net Income from Fundraising Events $43,126
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,074,713

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Daily Bread Inc has recieved totaling $5,300.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$5,300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$315,582
Earnings$34,490
Net Contributions$24,100
Ending Balance$374,172

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