Bread for the World Institute's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.
| Program % | Cost to Raise $100 |
|---|---|
| 90% | $8 |
| Entity | Document Type | Tax ID |
|---|---|---|
| Bread for the World Institute | IRS Form 990 | 51-0175510 |
| Bread for the World & Affiliate | Audited Consolidated Financial Statements | Multiple |
|
Entity: Bread for the World Institute Document Type: IRS Form 990 Tax ID: 51-0175510 |
|
Entity: Bread for the World & Affiliate Document Type: Audited Consolidated Financial Statements Tax ID: Multiple |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | David M. Beckmann | President | $249,426 |
| 2 | Michele Sumilas | Managing Director | $239,966 |
| 3 | Delma Plummer | VP of Finance | $216,102 |
|
1 Name: David M. Beckmann Title: President Compensation: $249,426 |
|
2 Name: Michele Sumilas Title: Managing Director Compensation: $239,966 |
|
3 Name: Delma Plummer Title: VP of Finance Compensation: $216,102 |
CharityWatch's rating of Bread for the World Institute is for the 501(c)(3) public charity (tax ID #51-0175510). CharityWatch issues a separate rating for the Institute's related 501(c)(4) tax-exempt, social welfare organization, Bread for the World (tax ID #13-2803276). According to the Bread for the World consolidated audit of December 31, 2019 (Note 2 re: Principles of Consolidation): "The accompanying [audited] consolidated financial statements include the account balances of Bread [for the World] and the [Bread for the World] Institute (collectively, 'the Organization'). Bread and the Institute have separate and distinct governance structures that share the same volunteers who serve as members on both Boards of Directors. Bread and the Institute also share common facilities and personnel and have been consolidated due to the presence of common control and economic interest, as required under accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated in [the audit] consolidation." CharityWatch separates the ratings for 501(c)(3) & 501(c)(4) organizations, even if their financial activities are included together in a consolidated audit, due to their differing tax treatment under the IRS tax code. For more information on this topic, please see our sections on Types of Non-Profits and Tax Status, which can be found on the Our Process page. For more information about things to consider when donating to organizations that have related public charity and social welfare entities, read "Sorting Out Nonprofit Pairs" in the Articles & Alerts section, below. |
According to the Bread for the World consolidated audit of December 31, 2019 (Note 12, Related Party): "The Organization shares its premises and some administrative and program personnel with the Alliance to End Hunger ('the Alliance'), an organization that is exempt from income tax under Internal Revenue Code (IRC) Section 501(c)(3). Costs are allocated between the entities based on actual expenses incurred and an overhead allocation, as described in the shared services agreement between the organizations. As of December 31, 2019, the Organization has a receivable from the Alliance in the amount of $308,787 under this agreement..." |
According to the Bread for the World consolidated audit of December 31, 2019 (Note 2 re: Subsequent Events): "The extent of the impact of COVID-19 on the Organization's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and impact on the donors, employees, and vendors, all which are uncertain and cannot be predicted. At this point, the extent to which COVID-19 may impact the Organization's financial condition or results of operations is uncertain." |
