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Make Bread FY2021 filing

Tax-deductible

Kirkland, WA501(c)(3)Youth DevelopmentEIN 86-1329160Revenue $4 in FY2021

On file with the IRSmakebread.org12010 Ne 97th St, 98033-5821 · Kirkland, WATax-exempt since Sep 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Make Bread inspires self-confidence, builds financial independence, and shares the vision of wise investing to create educated and financially savvy youth who invest in safe ways to grow their dough for a better future.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $120K a year · 100% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
38907 mo
of spending, in cash
Looks good: 38907.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4
-100% vs prior year
Spent
$185
To programs
0%
Net assets
$600K
By yearFY2020–FY2024
Revenue
$4
FY2021▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$600K
FY2021$4
FY2022$4
FY2023$4
FY2024$4
Expenses
$185
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$185
FY2022$965
FY2023$0
FY2024$386
Net assets
$600K
FY2021-0.03%
Tap a bar for its year
Net assets by fiscal year
FY2020$600K
FY2021$600K
FY2022$599K
FY2023$599K
FY2024$598K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $185

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Jed P Demeule
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Kylan Demeule
Treasurer
$0Pt VII · Sec A
See Make Bread executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches youth wise investing for financial independence and a better future.

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2 programs · in their own filed words · FY2021
01

Fluency for Teens

Teaching online and live classes to high school age children. The focus is to teach financial literacy to high school aged teens that are not receiving this education in school. They are taught how to save money, create a budget, basic concepts of credit, how to balance income versus expenses and an introduction to how various investment…

Pt IX · col B
02

Grow Your Dough for Kids

Teaching online and live classes to middle school children. The focus is to teach kids to be smart with their money, a skill they are not being taught in school. In this course they learn to save money, to balance income versus expenses and to begin investing while young.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4
Ln 12
Investment incomeLn 3$4
Money outPt IX
$185
Ln 25
Managementcol C$185
Owns and owesPt X
$600K
net assets · Ln 32
Cash and savingsLn 1–2$600K
Total assetsLn 16$600K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$4
Total revenueLn 12$4
Assets in detailPt X, end of year
CashLn 1$560K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$600K
Total assetsLn 16$600K
LiabilitiesLn 26$0
Net assetsLn 32$600K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$600K$600K
Total assetsLn 16$600K$600K
LiabilitiesLn 26$0$0
Net assetsLn 32$600K$600K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$185$185
Total functional expensesLn 25$185$0$185$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4$386−$382$598K 990 PDF
FY2023 $4$0$4$599K 990 PDF
FY2022 $4$965−$961$599K 990 PDF
FY2021 Viewing $4$185−$181$600K 990 PDF
FY2020 $600K$0$600K$600K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $4 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $600,000$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $600,000$4
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$185
I-18 Total expensesPrior year $0$185
I-19 Revenue less expensesPrior year $600,000−$181
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $4 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4$4
Part IX · Statement of functional expenses $185 across 1 line filed
IX-24 Other expenses (24a–d)Management $185$185
IX-25 Total functional expensesPrograms $0 · Management $185 · Fundraising $0$185
Part X · Balance sheet $599,819 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $600,000$559,815
X-2 Savings and temporary cash investments$40,004
X-16 Total assetsStart of year $600,000$599,819
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $600,000$599,819
X-33 Total liabilities and net assetsStart of year $600,000$599,819
Part XI · Reconciliation of net assets $599,819 net assets at year end
XI-1 Total revenue$4
XI-2 Total expenses$185
XI-3 Revenue less expenses−$181
XI-4 Net assets at start of year$600,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$599,819

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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