Overview
What is Bread For Life Inc?
Bread For Life Inc is a compassionate nonprofit organization based in Southington, Connecticut. With a dedicated workforce of 10 individuals, their primary mission is to alleviate hunger and promote dignity in their community. They achieve this by serving hot meals daily at their location, delivering lunches to homebound residents and seniors, offering a mobile food pantry, and providing nutritious snacks to students in need. Their initiatives extend beyond meals, as they also offer a weekly group lunch for seniors and offer referrals to appropriate agencies to address their clients' personal needs. Bread For Life is a vital voice in their community, raising awareness about hunger and poverty.
Official website here: www.southingtonbreadforlife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
Bread For Life Inc has achieved a high score of 92%, earning a Four-Star rating on Charity Navigator. This rating reflects strong accountability and financial management practices, which are crucial for building trust with donors and stakeholders. The organization scored particularly well in areas such as financial statements and the absence of material diversion of assets, indicating solid governance and transparency.
The nonprofit has an independent board comprised entirely of 14 members, which enhances its credibility and decision-making processes. Additionally, it has robust policies in place, including conflict of interest and whistleblower policies, further demonstrating its commitment to ethical standards in operations. With an impressive program expense ratio of 94.02%, the majority of its funds are directed towards its core mission, maximizing impact in the community it serves.
Despite its commendable performance, the data does not highlight any specific areas for improvement, suggesting that Bread For Life Inc is maintaining high standards across the board. Overall, the organization appears to be a responsible steward of resources, making it a reliable choice for potential donors looking to support effective charitable initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Bread For Life Inc legitimate?
Bread For Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread For Life Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,888
For more financial information, click here
Official website here: www.southingtonbreadforlife.org
What is the mission statement of Bread For Life Inc?
Bread For Life Inc's mission is centered around providing essential support to individuals in need. Their primary goal is to ensure no one goes hungry in their community. They accomplish this by serving meals daily in their kitchen and delivering them to senior citizens, home-bound citizens, and children during the summer. The organization also strives to help their clients with their personal needs by providing referrals to appropriate agencies. Additionally, Bread For Life Inc acts as a voice to educate their community about hunger and poverty.
Official website here: www.southingtonbreadforlife.org
Who is the CEO of Bread For Life Inc?
Mike Soltys is the Chairman of Bread For Life Inc.
Official website here: www.southingtonbreadforlife.org
What is the revenue of Bread For Life Inc?
Bread For Life Inc's revenue in 2022 was $575,208.
Official website here: www.southingtonbreadforlife.org
Who are the executives of Bread For Life Inc and what are their salaries?
The average compensation at Bread For Life Inc during 2022 was $18,512. There are 10 employees and 50 volunteers at Bread For Life Inc.
Here are 14 key members and their salaries:
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Official website here: www.southingtonbreadforlife.org
Where can I find the form 990 for Bread For Life Inc?
Bread For Life Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southingtonbreadforlife.org
Learn more at the official website: www.southingtonbreadforlife.org
Mission Statement of Bread For Life Inc
Bread For Life Inc, a dedicated nonprofit organization, is committed to providing food, fellowship, and a sense of dignity to individuals in need. The community's generosity is instrumental in helping Bread For Life Inc fulfill its mission, which is to ensure that no one goes hungry in their town. The organization achieves this vision by serving meals daily in their kitchen, delivering food to the senior community and home-bound citizens, and providing meals to children during the summer.
Beyond just providing meals, Bread For Life Inc strives to assist its clients with their personal needs. This is done by referring them to appropriate agencies. The organization also serves as a voice to educate the community about hunger and poverty, raising awareness and fostering a sense of community responsibility. By offering these services, Bread For Life Inc not only meets the immediate needs of those in need but also empowers them to take steps towards improving their lives.
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Impact
July, 2024
Bread For Life Inc's impact can be seen in the tangible ways it provides food, fellowship, and a sense of dignity to those in need in Southington, CT. Through their lunch program, meal deliveries to homebound residents, mobile food pantry, senior services, fuel for school initiative, and children's summer program, Bread For Life ensures that no one in their community goes hungry.
Their efforts not only address immediate food insecurity but also foster a supportive community by bringing people together for meals and providing assistance to those in need. By serving meals daily, delivering groceries to homebound individuals, and offering programs for seniors and children, Bread For Life creates a vital safety net for vulnerable populations in Southington.
Furthermore, Bread For Life goes beyond just providing meals by offering referrals to appropriate agencies for additional support and educating the community on issues of hunger and poverty. Through their dedicated work, Bread For Life is making a significant impact in ensuring that everyone in their town has access to nutritious food and support for their personal needs.
This information is meant to be a general summary of Bread For Life Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,786
- Program Service Revenue: $11,042
- Gross Receipts: $580,583
Assets and Liabilities:
- Total Assets: $2,075,530
- Total Liabilities: $111,689
- Net Assets: $1,963,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BEEKEEPING INCOME
Revenue
$11,042
Organization Details
Founding Year
1984
Phone
(860) 276-8389Principal Officer
Mike Soltys
Main Address
PO BOX 925, SOUTHINGTON, CT, 06489
NTEE Category
Code: K31 - Food
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