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Nonprofiteer
← OUR DAILY BREAD MINISTRIES FOUNDATION

Form 990 for tax year 2023

Filed by OUR DAILY BREAD MINISTRIES FOUNDATION.

Totals

Total revenue
$6,803,906
Total expenses
$9,366,944
Contributions and grants received
$5,911,735
Grants paid
$8,960,914
Program service revenue
$0
Investment income
$892,171
Other revenue
$0
Total assets, end of year
$33,398,086
Total liabilities, end of year
$531,287
Net assets or fund balances, end of year
$32,866,799
Program services expenses (Part IX)
$9,078,567
Management and general expenses
$239,636
Fundraising expenses
$48,741
Program service expenses (Part III)
$9,078,567

Program services were 96.9% 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

    $5,911,735

  • 3 · Investment income

    total $433,771 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $3,442,288

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

    securities $2,983,888

  • 7c · Gain or loss

    securities $458,400

  • 7d · Net gain or loss

    total $458,400 · related or exempt $458,400 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,930,000 · program services $8,930,000

  • 2 · Grants to domestic individuals

    total $30,914 · program services $30,914

  • 11b · Fees: legal

    total $5,293 · program services $0 · management and general $5,293 · fundraising $0

  • 12 · Advertising and promotion

    total $4,494 · program services $0 · management and general $0 · fundraising $4,494

  • 13 · Office expenses

    total $571 · program services $0 · management and general $571 · fundraising $0

  • 17 · Travel

    total $3,542 · program services $1,771 · management and general $1,771 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $114 · program services $0 · management and general $114 · fundraising $0

  • 21 · Payments to affiliates

    total $221,234 · program services $66,370 · management and general $110,617 · fundraising $44,247

  • 24a · Other expenses: Taxes

    total $3,321 · program services $0 · management and general $3,321 · fundraising $0

  • 24b · Other expenses: Investment fees

    total $65,649 · program services $0 · management and general $65,649 · fundraising $0

  • 24c · Other expenses: Bank fees

    total $2,789 · program services $0 · management and general $2,789 · fundraising $0

  • 24d · Other expenses: Outside Services

    total $99,023 · program services $49,512 · management and general $49,511 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,787,752 · end of year $3,753,539

  • 2 · Savings and temporary cash investments

    beginning of year $3,866,958 · end of year $3,282,957

  • 4 · Accounts receivable

    beginning of year $1,977,971 · end of year $1,977,971

  • 11 · Investments: publicly traded securities

    beginning of year $18,586,641 · end of year $22,009,184

  • 15 · Other assets

    beginning of year $2,343,130 · end of year $2,374,435

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,103 · end of year $531,287

  • 28 · Net assets with donor restrictions

    beginning of year $33,538,349 · end of year $32,866,799

Mission and programs · 2023

Mission

Accumulate and invest funds for the benefit of RBC Ministries (also a 501 c 3 organization)

  • The foundation holds funds for long term investment to benefit RBC Ministries (also a 501 c 3 organization)

    Expenses $9,078,567 · Grants $8,960,914

As filed on the 2023 return.

Listed in Part VII

  • Marty Doorn

    Chairman

    Total calculated
    $0
    Hours/week
    0

  • Diane Maher

    Vice-Chairman

    Total calculated
    $0
    Hours/week
    0

  • William Bontekoe

    Director

    Total calculated
    $0
    Hours/week
    0

  • Jeff Lambert

    Director

    Total calculated
    $0
    Hours/week
    0

  • Rick DeHaan

    Director

    Total calculated
    $0
    Hours/week
    0

  • Matt Lucas

    President

    Total calculated
    $294,302
    From this org
    $0
    From related orgs
    $265,130
    Other
    $29,172

    Schedule J breakdown matched by us

    Base
    $0 + $265,130 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,350 related
    Nontaxable benefits
    $0 + $20,823 related
    Filer's total
    $0 + $294,303 related

  • Gary Wicker

    Treasurer

    Total calculated
    $259,180
    From this org
    $0
    From related orgs
    $231,405
    Other
    $27,775

    Schedule J breakdown matched by us

    Base
    $0 + $231,405 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,724 related
    Nontaxable benefits
    $0 + $18,051 related
    Filer's total
    $0 + $259,180 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
2023
Filed
3 December 2024
IRS schema version
2023v6.0
Source object
202500309349300910

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