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Nonprofiteer
← OUR DAILY BREAD MINISTRIES TRUST

Form 990 for tax year 2022

Filed by OUR DAILY BREAD MINISTRIES TRUST.

Totals

Total revenue
$830,945
Total expenses
$304,573
Contributions and grants received
$626,200
Grants paid
$0
Program service revenue
$0
Investment income
$204,745
Other revenue
$0
Total assets, end of year
$6,542,052
Total liabilities, end of year
$6,030,052
Net assets or fund balances, end of year
$512,000
Program services expenses (Part IX)
$224,174
Management and general expenses
$80,399
Fundraising expenses
$0
Program service expenses (Part III)
$224,174

Program services were 73.6% 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.

  • 1d · Related organizations

    $551,686

  • 1f · All other contributions, gifts and grants

    $74,514

  • 3 · Investment income

    total $135,846 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $1,466,782

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

    securities $1,397,883

  • 7c · Gain or loss

    securities $68,899

  • 7d · Net gain or loss

    total $68,899 · related or exempt $68,899 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $175 · program services $0 · management and general $175 · fundraising $0

  • 13 · Office expenses

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

  • 20 · Interest

    total $190,717 · program services $190,717 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $66,913 · program services $33,457 · management and general $33,456 · fundraising $0

  • 24a · Other expenses: Investment fees

    total $42,238 · program services $0 · management and general $42,238 · fundraising $0

  • 24b · Other expenses: Software Licenses

    total $4,470 · program services $0 · management and general $4,470 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,650 · end of year $115,330

  • 2 · Savings and temporary cash investments

    beginning of year $351,017 · end of year $294,373

  • 11 · Investments: publicly traded securities

    beginning of year $6,741,020 · end of year $6,132,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $87 · end of year $226

  • 25 · Other liabilities

    beginning of year $6,704,600 · end of year $6,029,826

  • 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 · 2022

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 $224,174

As filed on the 2022 return.

Listed in Part VII

  • Dan Ferwerda

    Trustee

    Total calculated
    $165,299
    From this org
    $0
    From related orgs
    $146,287
    Other
    $19,012
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $146,287 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,790 related
    Nontaxable benefits
    $0 + $13,222 related
    Filer's total
    $0 + $165,299 related

  • William Walker

    Trustee

    Total calculated
    $157,341
    From this org
    $0
    From related orgs
    $146,287
    Other
    $11,054
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $146,287 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,790 related
    Nontaxable benefits
    $0 + $5,264 related
    Filer's total
    $0 + $157,341 related

  • Gary Wicker

    Trustee

    Total calculated
    $257,913
    From this org
    $0
    From related orgs
    $232,306
    Other
    $25,607
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $232,306 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,231 related
    Nontaxable benefits
    $0 + $16,376 related
    Filer's total
    $0 + $257,913 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

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
5 October 2023
IRS schema version
2022v5.0
Source object
202302789349300720

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