Sharing Bread Soup Kitchen INC EIN 41-1634222 Form 990 (PDF) Claim this org

Sharing Bread Soup Kitchen INC FY2022 filing

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Feeds the hungry with meals, offering spiritual and emotional support. For fiscal year 2022 it reported $161K in revenue, $175K in expenses, and $596K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Brainerd, MN
Website
sharingbread.com
Filings
5 on file (2020–2022)
Revenue
$161KFY2022
Expenses
$175K
Net assets
$596K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1634222 Public charity (501(c)(3)) Brainerd, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Feeds the hungry with meals, offering spiritual and emotional support.
Leadership
Shannon Mills · Executive Di · $47K
Money in and out
$161K revenue, $175K expenses
Bottom line
88% program efficiency
Where the money goes · FY2022
Total revenue
$161K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$596K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
22.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$161K
FY2022▼ -51%
Expenses
$175K
FY2022▼ -4%
Total assets
$601K
FY2022▼ -2%
Total liabilities
$5K
FY2022▲ +625%
Total revenue
$161K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$596K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$601K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $154K of program spending, described in the organization's own filed words · FY2021.
01

Activities consist of preparing & serving nutritious meals once a day, 6 or 7 days a week to those members of the community who are in need of such services. Approximately 60 to 70 meals are served per day.

$154Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSharing Bread Soup Kitchen INC
EINHdr · item D41-1634222
Principal addressHdr · item CBrainerd, MN
WebsiteHdr · item Jsharingbread.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$46,667Pt VII · Sec A
President
$0Pt VII · Sec A
Gen Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Gen Board
$0Pt VII · Sec A
Gen Board
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shannon Mills$57,292$57,292$46,667$27,900$25,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$157K · 97%
Investment income$4K · 3%
Contributions & grants97%$157K
Investment income3%$4K
Total revenueLn 12$161K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$154K
Management & general12%$21K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$332K
Total assetsLn 16$601K
Total liabilitiesLn 26$5K
Total net assetsLn 32$596K
Months of cash on handcomputed22.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $332K · Operating expenses/yr $175K
22.8 months
Where the money goes
Program services
Program services $154K · Total expenses $175K
88%
Management & General
Management & general $21K · Total expenses $175K
12%
Fundraising
Fundraising $0 · Total expenses $175K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $206K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $157K · Total revenue $161K
97%
Government reliance
Government grants — · Total revenue $161K
Earned-income share
Program service revenue $0 · Total revenue $161K
0%
Investment reliance
Investment income $4K · Total revenue $161K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $175K
0%
Growth & trend
Revenue growth (YoY)
This year $161K · Prior year $328K
-51%
Net-asset trend (YoY)
End of year $596K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $161K · Expenses $175K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $601K
Net-asset ratio
Net assets $596K · Total assets $601K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $601K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shannon Mills · Reported title EXECUTIVE DI · Highest reported compensation $47K · Total expenses $175K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $60K · Total expenses $175K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth -51%

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 · FY2024
Total grants receivedfrom 1 funder$30K

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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
FY2024 (Latest)$163K revenue · ⤓ 990 PDF
FY2023$183K revenue · ⤓ 990 PDF
FY2022$161K revenue · viewing · ⤓ 990 PDF
FY2021$328K revenue · ⤓ 990 PDF
FY2020$166K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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