Our Daily Bread Ministries
Legal name: Rbc Ministries
Nonprofit profile at a glance
- EIN
- 381613981
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Grand Rapids, MI, USA
- Phone
- 6169426770
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $72,359,583
- Expenses
- $68,772,482
- Assets
- $27,336,812
- Liabilities
- $4,807,149
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- MATT LUCAS (PRESIDENT)
Highest reported compensation
- CHRISTOPHER BARRON (CDTO): $318,897 total reported compensation
- MATT LUCAS (PRESIDENT): $317,129 total reported compensation
- VICKI HARRIS (CHIEF PEOPLE & CULTURE OFFICER): $238,467 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our Daily Bread Ministries is a global ministry with a mission to make the life-changing wisdom of the Bible understandable and accessible to all. Article When Words Turn Into Action: Bible Engagement and the “The Power of 4” What difference does engaging with the Bible make in a person’s life? We find the encouragement needed to keep ourselves rooted in Scripture through the Apostle Paul’s confirmation that “All Scripture is God-breathed and is useful for teaching, rebuking, correcting, and training in righteousness” (2 Timothy 3:16 NIV). But how are we connecting with the power of God’s Word in our everyday lives? Or maybe the better question is why should we? Article A Daily Dose of Scripture: Factors that Help and Hinder Bible Reading Did you know that the Bible remains the bestselling book of all time? When we think about it, it’s.
What it reported doing in 2024
Daily bible teaching - bible teaching presented in a practical and understandable way through videos, radio, our daily bread devotional, discover the word, and literature - discovery series as well as production of books and music titles.
Operating model
- Revenue model
- Donor-supported. 71% 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 48
- Accountability: 100
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84%; rating input score 84
- Program expense ratio: 88.3%; rating input score 88
- Fundraising efficiency: $46.14 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 84% of revenue deployed · 88.3% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $60.8M in reported program spending
- Leadership: top reported pay $319K · 26 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $721K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Operating margin scored 56/100.
- High — Sustainability: Officer compensation ratio scored 21/100.