Bread of Life African Ministries

Nonprofit profile at a glance

EIN
721618390
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Northglenn, CO, USA
Phone
7205899557
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs

Reported finances

Revenue
$30,485
Expenses
$30,124
Assets
$43,097
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Primrose Cox (Vice President & Secretary)
  • Shawn Cox (President & CEO)

People named in this filing

  • Barry Hendrick (Board Chair & Treasurer)
  • Joe Spelic (Director)
  • Primrose Cox (Vice President & Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bread of Life African Ministries (BOLAM) contributes to the physical and spiritual livelihood of vulnerable persons living in Africa. With special emphasis on children in Uganda, BOLAM provides in-home assistance to children and families in need focused primarily on education.

What it reported doing in 2024

Through our Community Outreach Program, BOLAM assisted 25 children and youth with school fees and supplies, clothing, and other necessities.

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.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Sustainability: 48
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 80%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1.2%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 1.43; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 25.2%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: -8.8% per year; rating input score 0; 26th percentile among comparable filings
  • Asset growth: -6.2% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 80% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $24K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.