Bread Upon the Waters EIN 27-3019505

Bread Upon the Waters

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Provides aid for medical needs, housing, and basic necessities to impoverished Christians in the Philippines. For fiscal year 2025 it reported $144K in revenue, $146K in expenses, and $9K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Burkeville, TX
Website
www.butw.org
Filings
6 on file (2020–2025)
Revenue
$144KFY2025
Expenses
$146K
Net assets
$9K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-3019505 Public charity (501(c)(3)) Burkeville, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides aid for medical needs, housing, and basic necessities to impoverished Christians in the Philippines.
Leadership
Michael P Glaesemann · President
Money in and out
$144K revenue, $146K expenses
Bottom line
0.8mo operating runway
Where the money goes · FY2025
Total revenue
$144K
Pt VIII · Ln 12
Total expenses
$146K
Pt IX · Ln 25
Net assets
$9K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.01
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -137% vs prior filing year
Revenue trend
-9%
avg. annual growth over 5 years▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$144K
FY2025▼ -8%
Expenses
$146K
FY2025▼ -51%
Total assets
$9K
FY2025▼ -89%
Total liabilities
$0
FY2025
Total revenue
$144K
Pt VIII · Ln 12
Total expenses
$146K
Pt IX · Ln 25
Net assets
$9K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$9K
Program-expense ratioPt IX · col B1%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $168K of program spending, described in the organization's own filed words · FY2022.
01

These funds are used to send financial support to assist evangelists with families for the churches of christ whose impoverished churches do not have funds to support them. These evangelists do not receive financial support from any person(s)or any organization(s).

$75Kprogram expense
02

These funds were used to send financial support to assist christian and children with medical needs such as surgeries, medications, doctor visits, and other medical needs. This amount does not include fees that were approved by donors to be used to send these financial distributions.

$67Kprogram expense
03

These funds were used to help impoverished christians who were effected by major earthquakes, floods, and a typhoon. These funds help with temporary shelters, home repairs,and building new homes. This amount does not include fees that were approved by donors to be used to send these financial distributions.

$26Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBread Upon the Waters
EINHdr · item D27-3019505
Principal addressHdr · item CBurkeville, TX
WebsiteHdr · item Jwww.butw.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$144K
Total revenueLn 12$144K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.01
Program services1%$2K
Total functional expensesLn 25$146K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$9K
Total liabilitiesLn 26$0
Total net assetsLn 32$9K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $146K
0.8 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $144K · Total revenue $144K
100%
Government reliance
not reported
Earned-income share
Program service revenue $0 · Total revenue $144K
0%
Investment reliance
Investment income $0 · Total revenue $144K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $146K
0%
Growth & trend
Revenue growth (YoY)
This year $144K · Prior year $157K
-8%
Revenue CAGR
FY2020 $230K · FY2025 $144K
-9%
Net-asset trend (YoY)
End of year $9K · Beginning of year $11K
-17%
Balance sheet
Surplus Margin
Revenue $144K · Expenses $146K
-1%
Liabilities-to-Assets
Total liabilities $0 · Total assets $9K
0%
Net-asset ratio
Net assets $9K · Total assets $9K
100%
People & payroll
Highest Reported Total Compensation
Individual Michael P Glaesemann · Reported title President · Highest reported compensation $0 · Total expenses $146K
0%
Personnel share
Salaries & benefits $0 · Total expenses $146K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 1%
Revenue growth -8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$144K revenue · viewing · ⤓ 990 PDF
FY2024$157K revenue · ⤓ 990 PDF
FY2023$147K revenue · ⤓ 990 PDF
FY2022$359K revenue · ⤓ 990 PDF
FY2021$254K revenue · ⤓ 990 PDF
FY2020$230K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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