Overview
What is Our Daily Bread Ministries Trust?
Our Daily Bread Ministries Trust is a charitable organization located in Grand Rapids, Michigan. Its primary function is to raise funds for RBC Ministries, a 501(c)(3) entity, allowing it to continue its exempt purpose. The trust achieves this by offering charitable gift annuities and holding monies under trust agreements for individuals who support RBC Ministries. This financial assistance enables RBC Ministries to carry out its mission effectively.
Is Our Daily Bread Ministries Trust legitimate?
Our Daily Bread Ministries Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Daily Bread Ministries Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Our Daily Bread Ministries Trust?
Our Daily Bread Ministries Trust serves a vital role in supporting RBC Ministries, another 501 c 3 entity. Its primary mission is to facilitate the raising of funds for RBC Ministries, allowing them to continue their charitable activities. The Trust accomplishes this by offering charitable gift annuities and managing funds under trust agreements. By doing so, it enables RBC Ministries to carry on with their exempt purpose effectively. The Trust's activities ultimately contribute to the continued operation and impact of RBC Ministries in their charitable pursuits.
Who is the CEO of Our Daily Bread Ministries Trust?
Gary Wicker is the Trustee of Our Daily Bread Ministries Trust.
What is the revenue of Our Daily Bread Ministries Trust?
Our Daily Bread Ministries Trust's revenue in 2023 was $830,945.
Who are the executives of Our Daily Bread Ministries Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $146,287
- Other: $19,012
- Compensation: $0
- Related: $146,287
- Other: $11,054
- Compensation: $0
- Related: $232,306
- Other: $25,607
Where can I find the form 990 for Our Daily Bread Ministries Trust?
Our Daily Bread Ministries Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Our Daily Bread Ministries Trust
Our Daily Bread Ministries Trust is an organization that plays a crucial role in supporting another nonprofit entity, RBC Ministries. Its mission is to assist individuals in raising funds for RBC Ministries by offering charitable gift annuities and managing monies under trust agreements. In essence, the Trust serves as a means for individuals to contribute financially to RBC Ministries, allowing it to continue its exempt purpose. By providing this service, Our Daily Bread Ministries Trust contributes to the overall mission of RBC Ministries, enabling it to carry out its charitable work effectively.
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Impact
October, 2024
Our Daily Bread Ministries Trust significantly impacts the community by facilitating financial support for RBC Ministries, enabling them to continue their work. By offering charitable gift annuities and managing trust agreements, the Trust provides individuals with practical options to contribute to their mission. This financial assistance not only allows RBC Ministries to pursue its religious outreach and support initiatives, but it also fosters a culture of giving among supporters, ensuring that the organization can sustain its vital services and impact in the community. Based in Grand Rapids, MI, the Trust plays a crucial role in nurturing a network of engaged donors who are committed to advancing the mission of RBC Ministries.
This information is meant to be a general summary of Our Daily Bread Ministries Trust. 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: $204,745
- Gross Receipts: $2,228,828
Assets and Liabilities:
- Total Assets: $6,542,052
- Total Liabilities: $6,030,052
- Net Assets: $512,000
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Organization Details
Founding Year
1977
Phone
(616) 942-6770Principal Officer
Gary Wicker
Main Address
PO Box 2222, Grand Rapids, MI, 495012222
NTEE Category
Code: X20Z - Religion related
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