The Bread Global Inc

Nonprofit profile at a glance

EIN: 822103582
IRS 990-EZ coverage: 2018–2024
Forms available: Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
Location: Murfreesboro, TN, USA
Phone: 6153000821
Rating: 80
Verdict: STRONG
Rating confidence: Moderate
Sector: Christianity
Affiliation: Christianity

Reported finances

Revenue: $120,751
Expenses: $131,389
Assets: $4,172
Liabilities: $0

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

Leadership & pay

5 people listed

Executive titles in this filing

JUSTIN STEIDINGER (PRESIDENT)

People named in this filing

JUSTIN STEIDINGER (PRESIDENT)
JON MCPETERS (SECRETARY)
MO OBAYAMI (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop communities of faith based on deep relationships and doing life together for the purpose of advancing the gospel and empowering the next generation to lead by example.

What it reported doing in 2024

To develop communities of faith based on deep relationships and doing life together for the purposeof advancing the gospel and empowering the next generation to lead by example.

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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 76
Transparency & Controls: 93
Sustainability: 21
Growth: 80

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 78%; rating input score 78
Program expense ratio: 71.6%; rating input score 72

Transparency & Controls

Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -8.8%; rating input score 17; 17th percentile among comparable filings
Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
Officer compensation ratio: 16%; rating input score 18; 18th percentile among comparable filings

Growth

Program expense growth: 9% per year; rating input score 100; 59th percentile among comparable filings
Revenue growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings
Asset growth: -6.7% per year; rating input score 0; 14th percentile among comparable filings

Details

Where the money goes: 78% of revenue deployed · 71.6% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $94K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 7 of 7 current checks pass
Schedules: 3 filed schedules
Filing history: 3 filing years from 2018 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 — Sustainability: Operating margin scored 17/100.
High — Sustainability: Total-asset coverage ratio scored 6/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 18/100.