Bread Inc
Nonprofit profile at a glance
- EIN
- 562023951
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024, Form 990-N 2021
- Location
- Gastonia, NC, USA
- Phone
- 7043080096
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $996,476
- Expenses
- $963,205
- Assets
- $132,477
- Liabilities
- $14,233
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- Steve Epperson (Board Director)
- Jill Moore (Director)
- Nancy Bryant (Assistant Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide for those who qualify as being in need with food clothing and other household items by working together with community members leaders and local businesses and organizations to gather store and distribute goods; to offer compassionate help in a Christian fashion as we respect the dignity of each person we serve; to inform and educate our community about the issue of hunger. All service is volunteer from director to everyday staff.
What it reported doing in 2025
Bread Inc. provides packaged canned and fresh food for take away as available to clients with documented need. Service is provided twice weekly and clients are allowed to come twice per month. Bread serves approximately 200 clients per week. Clothing and household items are also provided all free of charge. From director and officers to everyday staff Bread Inc is all volunteer having no paid employees. Some food has to be purchased but most is donated from local businesses throughout the calendar year. Most of the expense is incurred for the facility lease building and vehicle expense.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.1%; rating input score 90
- Program expense ratio: 93.2%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.3%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 94.4% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 12.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 90.1% of revenue deployed · 93.2% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $898K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 43 of 43 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.