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Bread Of Life Ministries Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222717615 ✦ Augusta, ME ✦ Designated as a 501(c)(3)

Overview

What is Bread Of Life Ministries Inc?

Bread Of Life Ministries Inc, located in Augusta, Maine, is a compassionate nonprofit organization dedicated to addressing food insecurity, homelessness, and personal transformation. By offering temporary and permanent housing options, such as their 83 units in the Augusta area, the organization assists individuals in transitioning from homelessness to a stable life within the community. Many of these units are subsidized, reducing the rental cost for families or individuals. The ministry's mission is deeply rooted in faith, as they strive to follow God's call to help and support those in need, enabling them to take personal responsibility and change their lives. With a workforce of 37 dedicated individuals, Bread Of Life Ministries Inc embodies a commitment to making a positive impact in the community.


Official website here: www.mainebreadoflife.org

Is Bread Of Life Ministries Inc legitimate?

Bread Of Life Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread Of Life Ministries 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.

Here are some key statistics you may want to consider:

Executive Compensation: $86,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $636,277

For more financial information, click here


Official website here: www.mainebreadoflife.org

What is the mission statement of Bread Of Life Ministries Inc?

Bread of Life Ministries Inc is committed to addressing the needs of individuals facing hunger and homelessness. Their mission is to provide services that empower people to improve their lives and take personal responsibility, inspired by the belief in ministering to one another and assisting those in need. The organization offers temporary and permanent housing through BOLM Housing, which helps clients transition from homelessness to a stable life within the community. By providing clean, safe, and affordable housing options, Bread of Life Ministries facilitates the break of the cycle of poverty and intermittent homelessness for many families and individuals.


Official website here: www.mainebreadoflife.org

Who is the CEO of Bread Of Life Ministries Inc?

Victoria Abbott is the Executive Di of Bread Of Life Ministries Inc.


Official website here: www.mainebreadoflife.org

What is the revenue of Bread Of Life Ministries Inc?

Bread Of Life Ministries Inc's revenue in 2022 was $2,688,939.


Official website here: www.mainebreadoflife.org

Who are the executives of Bread Of Life Ministries Inc and what are their salaries?

The average compensation at Bread Of Life Ministries Inc during 2022 was $19,542. There are 37 employees and 33 volunteers at Bread Of Life Ministries Inc.

Here are 8 key members and their salaries:

    Victoria Abbott (Executive Di) [Trustee/Director]
  • Compensation: $81,780
  • Related: $0
  • Other: $5,005

    • Scott Burrill (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Dunckel (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Gerard (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darek Grant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amber Pruitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Wilbur (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katharine Wiltuck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mainebreadoflife.org

    Where can I find the form 990 for Bread Of Life Ministries Inc?

    The Bread Of Life Ministries Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mainebreadoflife.org

    Learn more at the official website: www.mainebreadoflife.org

    Mission Statement of Bread Of Life Ministries Inc

    Bread of Life Ministries Inc is committed to addressing hunger and homelessness, and aiding individuals in transforming their lives. In line with God's call to help one another and assist those in need, the organization provides services that empower people to take personal responsibility. Their mission is multifaceted, encompassing feeding the hungry, offering temporary and permanent housing, and delivering resources that facilitate personal growth and self-sufficiency.

    Specifically, Bread of Life Ministries Inc provides temporary and subsidized housing through their BOLM Housing program. This initiative offers clean, safe, and affordable housing options to clients, enabling them to transition smoothly from homelessness to a stable life within the local community. The organization has 83 units of housing in the Augusta area, many of which are subsidized, making them more affordable for families or individuals paying rent.

    In summary, Bread of Life Ministries Inc is a charitable organization dedicated to alleviating hunger, addressing homelessness, and aiding individuals in taking charge of their lives. Through their various services, including feeding programs and affordable housing options, they strive to assist those in need and help them break the cycle of poverty and intermittent homelessness.

    Impact

    This information is meant to be a general summary of Bread Of Life Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Bread Of Life Ministries Inc's impact can be seen in the tangible support it provides to the community. By offering temporary and permanent housing options, they are actively working to address homelessness and help individuals transition to a more stable and grounded life within the community. With 83 units of housing in the Augusta area, many of which are subsidized, Bread Of Life Ministries is not only providing a roof over people's heads but also reducing the financial burden on those in need. This proactive approach is helping to break the cycle of poverty and intermittent homelessness for many individuals and families. Through their housing initiative and other services, Bread Of Life Ministries is making a significant difference in the lives of those they serve, embodying their mission to feed the hungry, shelter the homeless, and empower people to change their lives for the better.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $65,869
  • Program Service Revenue: $633,939
  • Gross Receipts: $2,711,741

    • Assets and Liabilities:
  • Total Assets: $4,813,224
  • Total Liabilities: $1,311,510
  • Net Assets: $3,501,714
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $606,557

    CASE MANAGEMENT

    Revenue

    $27,382

    Organization Details

    Founding Year

    1984

    Principal Officer

    Victoria Abbott

    Main Address

    157 WATER STREET, AUGUSTA, ME, 04330

    NTEE Category

    Code: L41Z - Housing

    If you are a representative of Bread Of Life Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.