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Nonprofiteer
← BREAD INC

Form 990 for tax year 2022

Filed by BREAD INC.

Totals

Total revenue
$3,005
Total expenses
$629,939
Contributions and grants received
$2,162
Grants paid
$0
Program service revenue
$0
Investment income
$843
Other revenue
$0
Total assets, end of year
$28,420,271
Total liabilities, end of year
$23,931,183
Net assets or fund balances, end of year
$4,489,088
Program services expenses (Part IX)
$0
Management and general expenses
$629,719
Fundraising expenses
$220
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $2,162

  • 3 · Investment income

    total $843 · related or exempt $843

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $5,920 · management and general $5,920

  • 12 · Advertising and promotion

    total $770 · management and general $770

  • 13 · Office expenses

    total $220 · fundraising $220

  • 20 · Interest

    total $558,466 · management and general $558,466

  • 22 · Depreciation, depletion and amortization

    total $62,542 · management and general $62,542

  • 24a · Other expenses: OTHER EXPENSES

    total $2,021 · management and general $2,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $662,188 · end of year $552,913

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $100,000

  • 10a · Land, buildings and equipment: cost or other basis

    $2,957,928

  • 10c · Land, buildings and equipment, net

    beginning of year $2,957,928 · end of year $2,957,928

  • 15 · Other assets

    beginning of year $25,265,092 · end of year $24,809,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $334,225 · end of year $333,681

  • 23 · Secured mortgages and notes payable

    beginning of year $23,506,666 · end of year $23,569,207

  • 25 · Other liabilities

    beginning of year $28,295 · end of year $28,295

  • 27 · Net assets without donor restrictions

    beginning of year $5,066,022 · end of year $4,439,088

  • 28 · Net assets with donor restrictions

    beginning of year $50,000 · end of year $50,000

Mission and programs · 2022

Mission

THE MISSION OF THE BREAD, INC. IS TO PROVIDE FINANCIAL SUPPORT BY RAISING, MANAGING, AND DISTRIBUTING FUNDS ON BEHALF OF BREAD FOR THE CITY, INC.

  • BREAD INC PROVIDE FINANCIAL SUPPORT BY RAISING, MANAGING, AND DISTRIBUTING FUNDS ON BEHALF OF BREAD FOR THE CITY INC (BFC) SO THAT BFC CAN CONTINUE TO PROVIDE VULNERABLE RESIDENTS OF WASHINGTON, DC. WITH COMPREHENSIVE SERVICES INCLUDING FOOD, CLOTHING, MEDICAL CARE, LEGAL, AND SOCIAL SERVICESIN AN ATMOSPHERE OF DIGNITY AND RESPECT.

As filed on the 2022 return.

Listed in Part VII

  • George Jones

    BREAD FOR CI

    Total calculated
    $280,390
    From this org
    $0
    From related orgs
    $272,223
    Other
    $8,167
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    not reported + $272,223 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,167 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $280,390 related
  • Fatou Toure

    BREAD FOR CI

    Total calculated
    $202,874
    From this org
    $0
    From related orgs
    $196,965
    Other
    $5,909
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    not reported + $196,965 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $5,909 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $202,874 related
  • Claus Aagaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Aaron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Francisco Aguirre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Christie

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Rosalind Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Fee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Rachel Flipse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donald Friedman

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1
  • Dennis Garris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Herman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louise Hilsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marie Hoffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Autumn Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Toks Ladejobi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kelly Lynch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Colette Z Edwards MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna M Neale MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amanda Major

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michelle O'Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dave Pastrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alan Pemberton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nowell Rush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rudy Seikaly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul R Taskier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Derek Thomas

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Katherine Toomey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laura Tuell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Umansky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202421299349301792

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