Form 990 for tax year 2024
Filed by BREAD FOR THE WORLD INSTITUTE INC.
Totals
- Total revenue
- $14,011,183
- Total expenses
- $7,017,329
- Contributions and grants received
- $13,183,388
- Grants paid
- $0
- Program service revenue
- $2,337
- Investment income
- $850,914
- Other revenue
- -$25,456
- Total assets, end of year
- $21,521,982
- Total liabilities, end of year
- $7,313,089
- Net assets or fund balances, end of year
- $14,208,893
- Program services expenses (Part IX)
- $6,129,021
- Management and general expenses
- $410,415
- Fundraising expenses
- $477,893
- Program service expenses (Part III)
- $6,129,021
Program services were 87.3% 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.
-
1b · Membership dues
$1,020,865
-
1c · Fundraising events
$770,000
-
1f · All other contributions, gifts and grants
$11,392,523
-
1g · Noncash contributions included above
$1,999,432
-
2a · Program service revenue: Honorarium
total $2,337 · related or exempt $2,337
-
3 · Investment income
total $397,650 · excluded $397,650
-
6a · Gross rents
real property $33,775
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $33,775
-
6d · Net rental income or loss
total $33,775 · excluded $33,775
-
7a · Gross sales of assets other than inventory
securities $453,264
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $453,264
-
7d · Net gain or loss
total $453,264 · excluded $453,264
-
8a · Fundraising events: gross income
$8,620
-
8a · Fundraising events: contributions included on line 1c
$770,000
-
8b · Fundraising events: direct expenses
$69,241
-
8c · Net income from fundraising events
total -$60,621 · excluded -$60,621
-
11a · Other revenue: List rental
total $1,000 · excluded $1,000
-
11b · Other revenue: Other income
total $390 · excluded $390
-
11e · Other revenue, total
$1,390
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $665,749 · program services $579,477 · management and general $36,175 · fundraising $50,097
-
7 · Other salaries and wages
total $2,823,864 · program services $2,551,094 · management and general $120,144 · fundraising $152,626
-
8 · Pension plan contributions
total $250,536 · program services $218,069 · management and general $13,614 · fundraising $18,853
-
9 · Other employee benefits
total $452,441 · program services $393,811 · management and general $24,584 · fundraising $34,046
-
10 · Payroll taxes
total $248,632 · program services $216,413 · management and general $13,510 · fundraising $18,709
-
11b · Fees: legal
total $6,774 · management and general $6,774
-
11c · Fees: accounting
total $22,449 · management and general $22,449
-
11e · Fees: professional fundraising services
total $108,141 · fundraising $108,141
-
11g · Fees: other
total $877,865 · program services $844,103 · management and general $30,090 · fundraising $3,672
-
13 · Office expenses
total $61,830 · program services $45,865 · management and general $12,685 · fundraising $3,280
-
14 · Information technology
total $50,234 · program services $40,555 · management and general $7,878 · fundraising $1,801
-
16 · Occupancy
total $401,781 · program services $310,416 · management and general $90,061 · fundraising $1,304
-
17 · Travel
total $348,470 · program services $341,954 · management and general $471 · fundraising $6,045
-
19 · Conferences, conventions and meetings
total $246,749 · program services $237,275 · management and general $21 · fundraising $9,453
-
20 · Interest
total $5,727 · program services $5,727
-
22 · Depreciation, depletion and amortization
total $62,192 · program services $43,812 · management and general $14,966 · fundraising $3,414
-
23 · Insurance
total $15,721 · management and general $15,721
-
24a · Other expenses: Membership services
total $150,068 · program services $119,011 · fundraising $31,057
-
24b · Other expenses: Other Expenses
total $108,796 · program services $77,172 · fundraising $31,624
-
24c · Other expenses: Printing and production
total $87,161 · program services $84,989 · management and general $68 · fundraising $2,104
-
24d · Other expenses: Employee relations
total $13,500 · program services $11,750 · management and general $734 · fundraising $1,016
-
24e · All other expenses
total $8,649 · program services $7,528 · management and general $470 · fundraising $651
-
26 · Joint costs (an allocation of the lines above)
total $235,273 · program services $146,785 · management and general $0 · fundraising $88,488
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,945,794 · end of year $2,583,532
-
2 · Savings and temporary cash investments
beginning of year $2,567,036 · end of year $2,688,264
-
3 · Pledges and grants receivable
beginning of year $1,634,910 · end of year $6,492,003
-
9 · Prepaid expenses and deferred charges
beginning of year $101,533 · end of year $145,425
-
10a · Land, buildings and equipment: cost or other basis
$424,486
-
10b · Land, buildings and equipment: accumulated depreciation
$187,642
-
10c · Land, buildings and equipment, net
beginning of year $299,036 · end of year $236,844
-
11 · Investments: publicly traded securities
beginning of year $6,642,497 · end of year $7,027,846
-
15 · Other assets
beginning of year $2,516,460 · end of year $2,348,068
-
17 · Accounts payable and accrued expenses
beginning of year $4,083 · end of year $35,993
-
24 · Unsecured notes and loans payable
beginning of year $670,683 · end of year $497,381
-
25 · Other liabilities
beginning of year $7,851,588 · end of year $6,779,715
-
27 · Net assets without donor restrictions
beginning of year $3,710,967 · end of year $5,408,202
-
28 · Net assets with donor restrictions
beginning of year $3,469,945 · end of year $8,800,691
Mission and programs · 2024
Mission
To provide analysis and education on hunger issues in the United States and around the world.
Activities or mission (Part I)
To provide analysis and education on hunger issues in the U.S. and around the world.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $3,533,230 · Revenue $2,337
-
Outreach & Advocacy:Bread's bipartisan network includes 320,000 people and churches that are active in every congressional district. Our network engages digitally, in person, and through prayer to achieve remarkable policy impact and legislative victories. (To be continued in Schedule O)Outreach and Advocacy (continued):In June 2024, we hosted our annual June events in Washington, D.C. We held a Latino Consultation, Pan-African Convening, and Advocacy Summit to educate advocates about policies and programs that address hunger and poverty. The training sessions and presentations by renowned experts enhanced summit participants understanding of the issues, equipping them with the knowledge to advocate effectively for policies that address nutritional health in the U.S. and globally. The fostering of strategic and geographic connections at the summit strengthened the U.S. advocacy network to address global poverty. Focused gatherings increased the number of faith and community leaders from Pan-African/Black and Latino groups who are engaged in food insecurity advocacy.
Expenses $1,289,674
-
Public Policy:Solving a complex problem such as hunger requires a clear understanding of the impact of specific policies and how policies affect each other. Bread's Policy and Research Institute's (PRI) nonpartisan analysis and identification of action steps help strengthen Bread as a trusted voice. (See Sch. O)Public Policy:The Institute contributed to research and thought leadership through briefings, coalition meetings, webinars, blogs, and policy papers on a variety of hunger-related policy and programs that came through Congress. Here are a few highlights from 2024: A delegation from Bread participated in the United Nations Climate Change Conference (COP29), where they highlighted the importance of a strong COP replenishment and the need for long-term solutions to climate change. Bread's President and CEO Rev. Eugene Cho was the first leader of a faith-based organization to moderate the Global International Development Association (IDA) Forum, where more than 120 civil society organizations met with senior Bank leaders to discuss their policy framework and IDA replenishment. We also published comments on the World Bank IDA21 Replenishment Report. Bread representatives led discussions on integrating biodiversity into food policies at the Action on Food event. Additionally, we joined the Green Generation Initiative panel to analyze negotiation outcomes and foster cross-generational collaboration. International financial institutions (IFIs) are the largest source of international financing for many low- and middle-income countries. Their support is more critical than ever as increasing numbers of people around the world face hunger and life-threatening malnutrition.In 2024, we co-led the International Financial Institution Working Group (IFI WG), keeping members informed about budget updates, policy considerations, and relationship-building efforts with congressional members and their staff. Our efforts have helped cultivate new champions for IFIs in Congress, expand participation in the Congressional IFI Education Caucus, and establish a productive, ongoing dialogue with Treasury representatives. For the first time in recent history, Bread for the World participated in the G20 Summit as a Civil Society Partner, elevating global hunger and development financing on the world stage. Bread played an active role in shaping policy discussions by submitting two white papers: one underscoring the critical role of the World Bank and other financial institutions in addressing hunger and another amplifying the voices of Pan-African women on nutrition, food security, and economic empowerment. These efforts helped shape the broader G20 policy recommendations, particularly in relation to the World Bank's funding roadmap. Bread's contributions also fed into the establishment of the Global Alliance Against Hunger, Poverty, and Inequality, a landmark initiative announced at the G20 to accelerate progress toward Sustainable Development Goal 2 (Zero Hunger). In July, Bread released a policy brief underscoring the importance of reauthorizing the African Growth and Opportunity Act (AGOA). AGOA, a cornerstone of U.S.-Africa economic relations, allows 32 sub-Saharan African countries to export goods to the U.S. duty-free, supporting economic growth and opportunities for small business owners, including farmers. Bread has long supported AGOA since its inception in 2000, advocating for its potential to strengthen Africa's agricultural sector. By eliminating burdensome tariffs, AGOA enables farmers to invest in farming practices that are better for the environment, contributing to long-term food security across the region. As part of our ongoing efforts to educate policymakers, Bread organized and led an AGOA Advocacy Day on Capitol Hill. This event brought together African leaders and members of Congress, providing an invaluable opportunity to discuss AGOA's impact and answer questions.
Expenses $1,306,117
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Jeremy Everett
Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mariam Mengistie
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James B Walker
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John T Hendrix
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Victor Adamo
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Heber Brown
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eddy Aleman
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Richard Coll
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jason Fileta
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Frank Dew
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Max Finberg
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adam Edgerly
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Susan Henry-Crowe
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kate Howe
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kate Judge
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sandra Joireman
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rebecca Middleton
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Allison Mark
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dave Miner
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jennifer Pelling
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen Reeves
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joyce Rothermel
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Katie Sexton Wood
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eric Roemer
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeanette Salguero
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nikki Toyama-Szeto
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Faustine Wabwire
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Grace Shim
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Karen Smith
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lori Tapia
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bob Terry
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Karen Georgia A Thompson
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael Wear
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Beverly E Mitchell
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eugene Cho
President
- Total calculated
- $373,621
- From this org
- $164,611
- From related orgs
- $139,023
- Other
- $69,987
- Hours/week
- 20.5 + 17 related
Schedule J breakdown matched by us
- Base
- $164,611 + $139,023 related
- Bonus
- $0
- Other
- $0
- Deferred
- $20,252 + $17,104 related
- Nontaxable benefits
- $17,690 + $14,941 related
- Filer's total
- $202,553 + $171,068 related
-
Delma Plummer
VP Finance & Administratio
- Total calculated
- $242,820
- From this org
- $114,941
- From related orgs
- $85,236
- Other
- $42,643
- Hours/week
- 21.5 + 16 related
Schedule J breakdown matched by us
- Base
- $114,941 + $85,236 related
- Bonus
- $0
- Other
- $0
- Deferred
- $13,787 + $10,224 related
- Nontaxable benefits
- $10,699 + $7,933 related
- Filer's total
- $139,427 + $103,393 related
-
Heather Taylor
Managing Director
- Total calculated
- $224,761
- From this org
- $101,575
- From related orgs
- $88,113
- Other
- $35,073
- Hours/week
- 20 + 17.5 related
Schedule J breakdown matched by us
- Base
- $101,575 + $88,113 related
- Bonus
- $0
- Other
- $0
- Deferred
- $12,133 + $10,525 related
- Nontaxable benefits
- $6,648 + $5,767 related
- Filer's total
- $120,356 + $104,405 related
-
Larisa Friesen
VP Development
- Total calculated
- $228,059
- From this org
- $155,835
- From related orgs
- $18,882
- Other
- $53,342
- Hours/week
- 33.5 + 4 related
Schedule J breakdown matched by us
- Base
- $155,835 + $18,882 related
- Bonus
- $0
- Other
- $0
- Deferred
- $18,486 + $2,240 related
- Nontaxable benefits
- $29,092 + $3,524 related
- Filer's total
- $203,413 + $24,646 related
-
Matthew Gross
Director, Organizing
- Total calculated
- $194,373
- From this org
- $72,996
- From related orgs
- $71,911
- Other
- $49,466
- Hours/week
- 19 + 18.5 related
Schedule J breakdown matched by us
- Base
- $72,996 + $71,911 related
- Bonus
- $0
- Other
- $0
- Deferred
- $8,503 + $8,377 related
- Nontaxable benefits
- $16,415 + $16,171 related
- Filer's total
- $97,914 + $96,459 related
-
Edward Kaufholz
Director, Communications
- Total calculated
- $166,574
- From this org
- $87,501
- From related orgs
- $59,455
- Other
- $19,618
- Hours/week
- 22.5 + 15 related
Schedule J breakdown matched by us
- Base
- $87,501 + $59,455 related
- Bonus
- $0
- Other
- $0
- Deferred
- $10,208 + $6,936 related
- Nontaxable benefits
- $1,473 + $1,001 related
- Filer's total
- $99,182 + $67,392 related
-
Abiola Afolayan
Director
- Total calculated
- $166,021
- From this org
- $140,149
- From related orgs
- $0
- Other
- $25,872
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $140,149
- Bonus
- $0
- Other
- $0
- Deferred
- $16,267
- Nontaxable benefits
- $9,605
- Filer's total
- $166,021
-
Jeffrey Nelson
Director, Finance
- Total calculated
- $164,701
- From this org
- $70,786
- From related orgs
- $59,882
- Other
- $34,033
- Hours/week
- 20.5 + 17 related
Schedule J breakdown matched by us
- Base
- $70,786 + $59,882 related
- Bonus
- $0
- Other
- $0
- Deferred
- $8,150 + $6,894 related
- Nontaxable benefits
- $10,287 + $8,702 related
- Filer's total
- $89,223 + $75,478 related
-
Gail Smith-Gliss
Controller
- Total calculated
- $139,901
- From this org
- $67,650
- From related orgs
- $55,755
- Other
- $16,496
- Hours/week
- 20.5 + 17 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
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
No itemized grants to organizations 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.
-
501(c)(4) · Advocacy · DC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501499349301435
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