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Nonprofiteer
← OUR DAILY BREAD MINISTRIES TRUST

Form 990 for tax year 2024

Filed by OUR DAILY BREAD MINISTRIES TRUST.

Totals

Total revenue
$726,665
Total expenses
$737,449
Contributions and grants received
$349,295
Grants paid
$424,317
Program service revenue
$0
Investment income
$377,370
Other revenue
$0
Total assets, end of year
$7,656,140
Total liabilities, end of year
$7,144,140
Net assets or fund balances, end of year
$512,000
Program services expenses (Part IX)
$648,421
Management and general expenses
$89,028
Fundraising expenses
$0
Program service expenses (Part III)
$648,421

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $349,295

  • 3 · Investment income

    total $172,575 · unrelated business $0 · excluded $172,575

  • 7a · Gross sales of assets other than inventory

    securities $2,612,400

  • 7b · Less cost or other basis and sales expenses

    securities $2,407,605

  • 7c · Gain or loss

    securities $204,795

  • 7d · Net gain or loss

    total $204,795 · related or exempt $0 · unrelated business $0 · excluded $204,795

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $424,317 · program services $424,317

  • 7 · Other salaries and wages

    total $54,010 · program services $27,005 · management and general $27,005 · fundraising $0

  • 8 · Pension plan contributions

    total $1,896 · program services $948 · management and general $948 · fundraising $0

  • 9 · Other employee benefits

    total $6,180 · program services $3,090 · management and general $3,090 · fundraising $0

  • 10 · Payroll taxes

    total $4,069 · program services $2,035 · management and general $2,034 · fundraising $0

  • 11b · Fees: legal

    total $985 · program services $0 · management and general $985 · fundraising $0

  • 11f · Fees: investment management

    total $45,843 · program services $0 · management and general $45,843 · fundraising $0

  • 13 · Office expenses

    total $60 · program services $0 · management and general $60 · fundraising $0

  • 20 · Interest

    total $188,026 · program services $188,026 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $6,000 · program services $3,000 · management and general $3,000 · fundraising $0

  • 24a · Other expenses: Dues & Subscriptions

    total $275 · program services $0 · management and general $275 · fundraising $0

  • 24b · Other expenses: Software Licenses

    total $5,788 · program services $0 · management and general $5,788 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,657 · end of year $236,399

  • 2 · Savings and temporary cash investments

    beginning of year $320,259 · end of year $353,969

  • 11 · Investments: publicly traded securities

    beginning of year $6,763,972 · end of year $7,065,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $844 · end of year $126

  • 25 · Other liabilities

    beginning of year $6,702,044 · end of year $7,144,014

  • 27 · Net assets without donor restrictions

    beginning of year $500,000 · end of year $500,000

  • 28 · Net assets with donor restrictions

    beginning of year $12,000 · end of year $12,000

Mission and programs · 2024

Mission

The organization assists individuals that support RBC Ministries (also a 501 c 3 entity)by providing charitable gift annuities & holding monies under trust agreements

  • The Trust provides a means of raising funds for RBC Ministries which is a 501 (c) (3) organization to enable them to carry on their exempt purpose.

    Expenses $648,421 · Grants $424,317

As filed on the 2024 return.

Listed in Part VII

  • Dan Ferwerda

    Trustee

    Total calculated
    $169,550
    From this org
    $0
    From related orgs
    $156,971
    Other
    $12,579
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $156,971 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,320 related
    Nontaxable benefits
    $0 + $6,259 related
    Filer's total
    $0 + $169,550 related

  • William Walker

    Trustee

    Total calculated
    $163,353
    From this org
    $0
    From related orgs
    $156,884
    Other
    $6,469
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $156,884 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,311 related
    Nontaxable benefits
    $0 + $158 related
    Filer's total
    $0 + $163,353 related

  • Nancy Schoonmaker

    Trustee

    Total calculated
    $214,947
    From this org
    $0
    From related orgs
    $208,581
    Other
    $6,366
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $208,581 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,366 related
    Filer's total
    $0 + $214,947 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
20 November 2025
IRS schema version
2024v5.2
Source object
202640219349300009

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