Overview
What is Bread Of Life Ministry Inc?
Bread of Life Ministry Inc, based in Lynnville, Indiana, operates as a nonprofit organization with a primary focus on assisting those in need within the tri-state area. They accomplish this through the collection of food and clothing donations from individuals and businesses, which are then distributed to families and other organizations in the surrounding areas. Their mission extends beyond material aid, as they also offer a radio ministry to provide spiritual support to their recipients and a broader audience. With a team of three dedicated individuals, Bread of Life Ministry Inc plays a significant role in addressing the basic needs and spiritual well-being of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Bread Of Life Ministry Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored particularly well in areas such as board independence, material diversion of assets, and program expense ratio, indicating a strong commitment to financial ethics and effective use of resources towards its mission.
The majority of the board members are independent, which bodes well for governance and oversight, and there are no recorded loans to or from officers. Additionally, the organization demonstrates transparency by documenting board meeting minutes and distributing tax forms to board members prior to filing, enhancing accountability.
However, the organization faces a challenge with its fundraising efficiency, scoring zero points in this area. This suggests that while it is highly effective in utilizing funds for programming, it may not be as successful in fundraising efforts, which could impact its long-term sustainability. Overall, Bread Of Life Ministry Inc showcases strong financial practices but may need to improve its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Bread Of Life Ministry Inc legitimate?
Bread Of Life Ministry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread Of Life Ministry 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: $40,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bread Of Life Ministry Inc?
The mission of Bread of Life Ministry Inc, as stated, is centered around providing essential resources to individuals in need residing in and around the tri-state area surrounding Indiana. Specifically, they collect and distribute donated clothing and food to these communities, as well as extend spiritual aid through their radio ministry. Their activities are focused on supporting these recipients and addressing their necessities, both materially and spiritually.
Who is the CEO of Bread Of Life Ministry Inc?
Lorrie Higgs is the Co-President of Bread Of Life Ministry Inc.
What is the revenue of Bread Of Life Ministry Inc?
Bread Of Life Ministry Inc's revenue in 2023 was $4,526,112.
Who are the executives of Bread Of Life Ministry Inc and what are their salaries?
The average compensation at Bread Of Life Ministry Inc during 2023 was $13,653. There are 3 employees and 74 volunteers at Bread Of Life Ministry Inc.
Here are 5 key members and their salaries:
- Compensation: $19,760
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $20,820
- Related: $0
- Other: $0
Where can I find the form 990 for Bread Of Life Ministry Inc?
Bread Of Life Ministry Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bread Of Life Ministry Inc
Bread of Life Ministry Inc, a nonprofit organization, is committed to alleviating the struggles of individuals and families living in the tri-state area around Indiana. Their mission, in essence, is twofold. Primarily, they aim to distribute donated food and clothing to those in need within their community. Secondly, their radio ministry serves to uplift and spiritually support the same recipients and others, further extending their reach and aid. Through their collective efforts, Bread of Life Ministry Inc endeavors to positively impact the lives of those less fortunate in their locality.
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Impact
October, 2024
Bread Of Life Ministry Inc has made a significant impact by addressing critical needs in the tri-state area around Indiana. Through the collection and distribution of donated clothing and food, the ministry directly supports families facing hardships, ensuring they have access to essential resources for daily living. This outreach not only provides tangible assistance but also fosters a sense of community and hope among those it serves.
In addition to physical support, the ministry's radio outreach offers spiritual guidance and encouragement, enriching the lives of recipients and extending their impact beyond just material aid. By serving individuals and collaborating with other local agencies, Bread Of Life Ministry Inc plays a vital role in uplifting and empowering vulnerable populations, demonstrating compassion and solidarity in challenging times.
This information is meant to be a general summary of Bread Of Life Ministry 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 2023.
- Investment Income: $43
- Gross Receipts: $4,539,712
Assets and Liabilities:
- Total Assets: $2,329,456
- Total Liabilities: $13,984
- Net Assets: $2,315,472
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Organization Details
Founding Year
1986
Phone
(812) 922-5424Principal Officer
Lorrie Higgs
Main Address
PO Box 12, Lynnville, IN, 47619
NTEE Category
Code: X20 - Religion related
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