Bread Of Life Mission
- Assets
- $3.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Seattle, WA
- Founding
- 02/2005
- Data as of
- 06/2021
- EIN
- 91-6057907
Organization Overview
Bread Of Life Mission is located in Seattle, WA. The organization was established in 2005. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Bread Of Life Mission employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread Of Life Mission 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 06/2021, Bread Of Life Mission generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING HOPE, HEALING, AND RECOVERY TO SEATTLE'S HOMELESS THROUGH A CHRIST-CENTERED APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAD OF LIFE MISSION IS AN EVANGELICAL CHRISTIAN MINISTRY PROVIDING PHYSICAL AND SPIRITUAL SUPPORT FOR HOMELESS MEN IN THE SEATTLE AREA. THE PHYSICAL SUPPORT INCLUDED PROVIDING MEALS, OVERNIGHT BEDS, AND CLOTHING ITEMS FOR BOTH MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Parish President | OfficerTrustee | 40 | $79,071 |
Larry Karpack Secretary | OfficerTrustee | 2 | $0 |
Russ Williams Chairman | OfficerTrustee | 2 | $0 |
Kenneth Hamm Treasurer | OfficerTrustee | 2 | $0 |
Gordon Goins Director | Trustee | 1 | $0 |
Tyler Bell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,343,958 |
| Noncash contributions included in lines 1a–1f | $550,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,347,540 |
| Total Program Service Revenue | $91,028 |
| Investment income | $46,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,488,618 |
| 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. | $117,954 |
| Compensation of current officers, directors, key employees. | $11,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,940 |
| Pension plan accruals and contributions | $7,200 |
| Other employee benefits | $50,226 |
| Payroll taxes | $22,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $280,808 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,240 |
| Advertising and promotion | $3,626 |
| Office expenses | $51,325 |
| Information technology | $18,886 |
| Royalties | $0 |
| Occupancy | $102,183 |
| Travel | $316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,047 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,519 |
| Insurance | $49,157 |
| All other expenses | $45,926 |
| Total functional expenses | $1,879,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,842 |
| Savings and temporary cash investments | $451,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,395 |
| 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 | $8,297 |
| Net Land, buildings, and equipment | $1,027,568 |
| Investments—publicly traded securities | $1,698,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,147 |
| Total assets | $3,239,496 |
| Accounts payable and accrued expenses | $46,314 |
| 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 | $0 |
| Total liabilities | $46,314 |
| Net assets without donor restrictions | $3,035,978 |
| Net assets with donor restrictions | $157,204 |
| 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 | $3,239,496 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bread Of Life Mission has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Kawabe Memorial Fund Aka Harry S Kawabe Trust Dallas, TX PURPOSE: IT INFRASTRUCTURE PROJECT | $3,000 |
Foss Family Foundation Seattle, WA PURPOSE: SUPPORT TO THE CONTINUED MISSION OF THE CHARITY. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marys Place Seattle Seattle, WA | $63,713,105 | $33,158,940 |
Everett Gospel Mission Everett, WA | $5,858,080 | $7,694,263 |
The Sophia Way Bellevue, WA | $3,499,952 | $4,350,779 |
Astegos Inc Boise, ID | $571,721 | $3,088,383 |
Charitable Assistance To Communitys Homeless Boise, ID | $1,695,336 | $3,159,939 |
New Horizons Ministries Seattle, WA | $4,620,624 | $4,054,828 |
Lake City Partners Ending Homelessness Seattle, WA | $586,453 | $2,145,347 |
Bread Of Life Mission Seattle, WA | $3,239,496 | $2,488,618 |
Anchorage Coalition To End Homelessness Anchorage, AK | $1,404,215 | $2,107,140 |
Fusion-Friends United To Shelter The Indigent Oppressed And Needy Federal Way, WA | $9,970,775 | $1,790,921 |
Unity Shelter Corvallis, OR | $1,887,052 | $2,192,658 |
Family Promise Of Tualatin Valley Tualatin, OR | $936,046 | $1,540,344 |