Civic Intelligence

Bread for Life Inc.

990 • Fiscal year 2016 • EIN 06-1232902

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

PO Box 925Southington, CT 06489

(860) 276-8389

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

53rd percentile

3.1%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$46,493

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

98th percentile

189%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

212%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,194,291

Up $781,500 (+189%) from 2015

Net Assets

Up

$1,192,302

Up $783,023 (+191%) from 2015

Liabilities

Down

$1,989

Down $1,523 (-43%) from 2015

Revenue

Up

$1,007,772

Up $684,653 (+212%) from 2015

Expenses

Up

$976,309

Up $762,302 (+356%) from 2015

Net Income

Down

$31,463

Down $77,649 (-71%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $289,369Liabilities 2011: $1,466Net Assets 2011: $287,9032011Assets 2012: $293,099Liabilities 2012: $1,645Net Assets 2012: $291,4542012Assets 2013: $275,639Liabilities 2013: $389Net Assets 2013: $275,2502013Assets 2014: $300,441Liabilities 2014: $274Net Assets 2014: $300,1672014Assets 2015: $412,791Liabilities 2015: $3,512Net Assets 2015: $409,2792015Assets 2016: $1,194,291Liabilities 2016: $1,989Net Assets 2016: $1,192,3022016Assets 2017: $1,331,729Liabilities 2017: $2,115Net Assets 2017: $1,329,6142017Assets 2018: $1,349,097Liabilities 2018: $2,828Net Assets 2018: $1,346,2692018Assets 2019: $1,398,004Liabilities 2019: $4,783Net Assets 2019: $1,393,2212019Assets 2020: $1,744,880Liabilities 2020: $33,625Net Assets 2020: $1,711,2552020Assets 2021: $1,979,370Liabilities 2021: $110,638Net Assets 2021: $1,868,7322021Assets 2022: $2,075,530Liabilities 2022: $111,689Net Assets 2022: $1,963,8412022Assets 2023: $2,232,942Liabilities 2023: $94,811Net Assets 2023: $2,138,1312023Assets 2024: $2,246,857Liabilities 2024: $81,009Net Assets 2024: $2,165,8482024

Highlighted filing

2016

Assets$1,194,291
Liabilities$1,989
Net Assets$1,192,302

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $193,195Expenses 2011: $167,545Net Income 2011: $25,6502011Revenue 2012: $226,831Expenses 2012: $223,279Net Income 2012: $3,5522012Revenue 2013: $220,607Expenses 2013: $236,803Net Income 2013: -$16,1962013Revenue 2014: $226,736Expenses 2014: $201,818Net Income 2014: $24,9182014Revenue 2015: $323,119Expenses 2015: $214,007Net Income 2015: $109,1122015Revenue 2016: $1,007,772Expenses 2016: $976,309Net Income 2016: $31,4632016Revenue 2017: $452,939Expenses 2017: $340,533Net Income 2017: $112,4062017Revenue 2018: $368,277Expenses 2018: $351,622Net Income 2018: $16,6552018Revenue 2019: $470,081Expenses 2019: $423,129Net Income 2019: $46,9522019Revenue 2020: $689,623Expenses 2020: $371,690Net Income 2020: $317,9332020Revenue 2021: $714,087Expenses 2021: $430,529Net Income 2021: $283,5582021Revenue 2022: $575,208Expenses 2022: $446,831Net Income 2022: $128,3772022Revenue 2023: $609,194Expenses 2023: $531,332Net Income 2023: $77,8622023Revenue 2024: $265,097Expenses 2024: $265,827Net Income 2024: -$7302024

Highlighted filing

2016

Revenue$1,007,772
Expenses$976,309
Net Income$31,463
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$1,009,293
Mission and Program Overview

Mission

Bread for Life, Inc. is a meals program that provides daily meals, 5 days a week, to needy individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$409,279$1,192,302▲ $783,023
Land, Buildings, and Equipment, Net$93,263$850,860▲ $757,597
Cash and Non-Interest-Bearing Accounts$290,953$314,856▲ $23,903
Inventories for Sale or Use$28,575$28,575→ $0
Total Assets$412,791$1,194,291▲ $781,500
Liabilities
Accounts Payable and Accrued Expenses$3,512$1,989▼ $1,523
Total Liabilities$3,512$1,989▼ $1,523
Net Assets / Fund Balance
Total Net Assets Fund Balance$409,279$1,192,302▲ $783,023
Total Liabilities and Net Assets / Fund Balance$412,791$1,194,291▲ $781,500

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$751,560-$751,560
Land$80,000-$80,000
Equipment$19,300$21,465$40,765
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eldon HaffordExecutive DirectorFT$46,493$46,493
Donna AyerExecutive DirectorFT$8,000$8,000

Board Members and Trustees

NameTitle
Mike SoltysBoard Chair
Dave DonnellyVice Chair
Bethany IngriselliDirector
Bob McmillanDirector
Gloria ColoneroDirector
Joe SackDirector
Karen DigirolamoDirector
Michael BakerDirector
Sharon HoltDIrector
Sheila DubinskyDirector
Shirley MasonDirector
Jeff KamradtSecretary
Susan BrettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$987,591
Program Service Revenue
$0
Investment Income
$419
Other Revenue
$19,762
All Other Contributions
$342,591
Change in Net Assets
$31,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$881,937
Salaries, Compensation, and Employee Benefits$94,372
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$751,560$0$0$751,560
Current Officers, Directors, Trustees, and Key Employees$54,493$0$0$54,493
Other Salaries and Wages$35,993$0$0$35,993
Occupancy$13,209$0$0$13,209
Insurance$11,766$0$0$11,766
Depreciation Depletion$11,714$0$0$11,714
Office Expenses$7,663$0$0$7,663
Advertising$4,145$0$0$4,145
Payroll Taxes$3,886$0$0$3,886
Fees for Services Accounting$525$0$0$525
Conferences and Meetings$340$0$0$340
Total Functional Expenses$976,309$0$0$976,309
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,283
Fundraising Direct Expenses$1,521
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Walk for Hunger$8,619$8,619$614$8,005
Soup Night$7,213$7,213$907$6,306
Total Events$21,283$21,283$1,521$19,762
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bread for Life Inc
EIN
06-1232902
Phone
8602768389
Address
PO BOX 925, SOUTHINGTON, CT 06489

Signing Officer

Name
Susan Brett
Title
Treasurer
Phone
8602768389
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Soltys
Formed
1984
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
7
Volunteers
20

Preparer

Firm
Pytlik & Albino
Address
1755 Meriden Waterbury Road, Milldale, CT 06467
Preparer
Jerome T Albino
Phone
8606212011
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Treasurer brings to the Board

Pt VI, Line 15A

Board determination annually

Pt VI, Line 15B

Board determination annually

Pt VIII

State grant and public contributions of $770,375 (reported in Part VIII, lines 1e and 1f) went towards completion of ne building. Direct Costs of $751,560 are reported in Part IX, line 24d. Remaining revenue used for various indirect costs presented throughout Part IX.

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IRS990/OtherExpensesGrp/TotalAmt3751560
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt035993
IRS990/OtherSalariesAndWagesGrp/TotalAmt035993
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03886
IRS990/PayrollTaxesGrp/TotalAmt03886
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MIKE SOLTYS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0302705
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0343
IRS990/PYOtherExpensesAmt0120628
IRS990/PYOtherRevenueAmt020071
IRS990/PYRevenuesLessExpensesAmt0109112
IRS990/PYSalariesCompEmpBnftPaidAmt093379
IRS990/PYTotalExpensesAmt0214007
IRS990/PYTotalRevenueAmt0323119
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt031463
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01007772
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0409279
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01192302
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0987591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0302705
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0208806
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0206938
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0214119
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01920159
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0419
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0343
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0490
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0825
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01452
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03529
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt019762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt020071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt017440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012844
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt011260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt081377
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0343
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0490
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0825
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01452
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03529
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00430
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99570
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt02001536
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01007353
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0322776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0226246
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0219782
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0225379
IRS990ScheduleA/Total509Grp/TotalAmt02001536
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02005065
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0751560
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0751560
IRS990ScheduleD/EquipmentGrp/BookValueAmt019300
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021465
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040765
IRS990ScheduleD/LandGrp/BookValueAmt080000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0850860
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01521
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WALK FOR HUNGER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SOUP NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt08619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05451
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07213
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05451
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt021283
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019762
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01521
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0614
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0907
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Treasurer brings to the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board determination annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board determination annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3State grant and public contributions of $770,375 (reported in Part VIII, lines 1e and 1f) went towards completion of ne building. Direct Costs of $751,560 are reported in Part IX, line 24d. Remaining revenue used for various indirect costs presented throughout Part IX.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VIII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0412791
IRS990/TotalAssetsEOYAmt01194291
IRS990/TotalAssetsGrp/BOYAmt0412791
IRS990/TotalAssetsGrp/EOYAmt01194291
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0987591
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0976309
IRS990/TotalFunctionalExpensesGrp/TotalAmt0976309
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03512

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.08$2.17$0.27$0.27$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.23$0.09$2.14$0.61$0.53$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.11$1.96$0.58$0.45$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.11$1.87$0.71$0.43$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.03$1.71$0.69$0.37$0.32
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.39$0.47$0.42$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$0.37$0.35$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.45$0.34$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$1.01$0.98$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.32$0.21$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.23$0.20$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.22$0.24$0.02
2012Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.23$0.22$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.19$0.17$0.03
Peer Organizations

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