Bread Of Life Inc
- Assets
- $6.3m
- Revenue
- $15.7m
- Investments
- $1.5m
- Employees
- 28
- Location
- Houston, TX
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 76-0386510
Organization Overview
Bread Of Life Inc is located in Houston, TX. The organization was established in 1993. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Bread Of Life Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread Of Life 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, Bread Of Life Inc generated $15.7m in total revenue. All expenses for the organization totaled $17.3m during the year ending 12/2022. While expenses have increased by 115.4% per year over the past 5 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAD OF LIFE PROVIDES PROGRAMS FOCUSED ON DISASTER RELIEF, COMMUNITY DEVELOPMENT, ADVOCACY AND HEALTH, HUMAN SERVICES, BEHAVIORAL HEALTHCARE, HOUSING INSECURITY AND FOOD INSECURITY. WE DISTRIBUTE TONS OF FOOD, PRODUCE, AND NON-FOOD HOUSEHOLD ITEMS TO PERSONS IMPACTED BY NATURAL LIFE DISASTERS.
ADVOCACY INCLUDES A RADIO STATION AND COMMUNITY EVENTS.
THE ACADEMY INCLUDES SUSTAINABILITY THROUGH CAREER COACHING AND JOB PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Tarrant Trustee & CEO | OfficerTrustee | 40 | $105,560 |
Rudy Rasmus Trustee | Trustee | 0.1 | $0 |
Juanita Rasmus Trustee | Trustee | 0.1 | $0 |
Melvin Gray President | Officer | 1 | $0 |
David Feldman Secretary | Officer | 1 | $0 |
Chris Barnes COO | 1 | $153,803 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1110 Paige Llc Rent | 12/30/22 | $158,370 |
Brave Architecture Inc Architect | 12/30/22 | $135,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,155,243 |
| Noncash contributions included in lines 1a–1f | $11,865,671 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,342,048 |
| Total Program Service Revenue | $48,090 |
| Investment income | $60,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,000 |
| Net Gain/Loss on Asset Sales | $335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,740,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $437,259 |
| Grants and other assistance to domestic individuals. | $58,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,560 |
| Compensation of current officers, directors, key employees. | $105,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,217,154 |
| Pension plan accruals and contributions | $145,254 |
| Other employee benefits | $41,772 |
| Payroll taxes | $112,878 |
| Fees for services: Management | $294,199 |
| Fees for services: Legal | $97,752 |
| Fees for services: Accounting | $20,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,834 |
| Fees for services: Other | $464,019 |
| Advertising and promotion | $106,320 |
| Office expenses | $183,382 |
| Information technology | $56,558 |
| Royalties | $0 |
| Occupancy | $281,580 |
| Travel | $82,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,060 |
| Interest | $154,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,172 |
| Insurance | $142,529 |
| All other expenses | $375,902 |
| Total functional expenses | $17,328,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,390 |
| Accounts receivable, net | $30,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,096 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,882,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,512,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,382 |
| Total assets | $6,326,605 |
| Accounts payable and accrued expenses | $99,740 |
| 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 | $4,502,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,453 |
| Total liabilities | $4,611,321 |
| Net assets without donor restrictions | $1,715,284 |
| 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 | $6,326,605 |
Grants Awarded
Over the last fiscal year, Bread Of Life Inc has awarded $402,159 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COLLECTIVE ACTION FOR YOUTH PURPOSE: VARIOUS ASSISTANCE | $40,000 |
COMMUNITY CARE COLLABORATIVE PURPOSE: VARIOUS ASSISTANCE | $16,250 |
LUCILLES 1913 COMMUNITY KITCHEN PURPOSE: NUTRITIONAL PROGRAM | $33,659 |
COMPTON COWBOYS PURPOSE: VARIOUS ASSISTANCE | $20,000 |
PETE AND THOMAS FOUNDATION PURPOSE: VARIOUS ASSISTANCE | $85,000 |
THE CHRIST CLINIC PURPOSE: VARIOUS ASSISTANCE | $16,250 |