2025-05-29T13:39:53-05:00 2024-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2024-01-01 510175510 Bread for the World Institute BREA 2026399400 425 3rd Street SW 1200 Washington DC 20024 LaTashia Satterfield Ogunlana VP of Finance/Admin 2026399400 2025-05-29 1 1 Jie Chen CPA P01049760 7038930300 2024 2025-03-06 01:10:19Z Eugene Cho 425 3rd Street SW 1200 Washington DC 20024 14080424 0 X www.bread.org X 1982 DC To provide analysis and education on hunger issues in the U.S. and around the world. 35 34 0 0 0 0 5745843 13183388 12560 2337 903074 850914 20304 -25456 6681781 14011183 2000 0 0 0 4236909 4441222 0 108141 477893 2459143 2467966 6698052 7017329 -16271 6993854 15707266 21521982 8526354 7313089 7180912 14208893 X To provide analysis and education on hunger issues in the United States and around the world. 0 0 3533230 2337 Public Education:Bread for the World Institute educates our network about hunger and how to end it. One area of work includes a focus on policies and structural issues that perpetuate hunger and poverty at disproportionate rates in African American/Pan African, Latino, and indigenous communities. (To be continued in Schedule O)Public Education:In 2024, The Institute organized numerous briefings and panel events to educate the public including: -A United Nations General Assembly side event entitled Strengthening African Nutrition, Food Security, and Agrifood SMEs.-A Norman E. Borlaug International Dialogue World Food Prize event titled The Future of Food Security in a Changing Climate: Adaptation and Building Agricultural Resilience.-A fly-in with special guest Dr. Teresiah Ng'ang'a, a climate smart researcher and farmer from Kenya. Dr. Ng'ang'a spoke with U.S. NGOs and Bread advocates about how U.S. policies can leapfrog localization efforts that help address food security and can promote economic empowerment in countries impacted by climate change.-A series of policy consultations in Kenya with 35 stakeholders from 29 organizations, focusing on climate-resilient agriculture, food system development, and research. -Four Hunger Hotspots briefings covering five countries: Ethiopia, Guatemala, Sudan, Gaza, and Haiti. 1289674 Outreach & Advocacy:Bread's bipartisan network includes 320,000 people and churches that are active in every congressional district. Our network engages digitally, in person, and through prayer to achieve remarkable policy impact and legislative victories. (To be continued in Schedule O)Outreach and Advocacy (continued):In June 2024, we hosted our annual June events in Washington, D.C. We held a Latino Consultation, Pan-African Convening, and Advocacy Summit to educate advocates about policies and programs that address hunger and poverty. The training sessions and presentations by renowned experts enhanced summit participants understanding of the issues, equipping them with the knowledge to advocate effectively for policies that address nutritional health in the U.S. and globally. The fostering of strategic and geographic connections at the summit strengthened the U.S. advocacy network to address global poverty. Focused gatherings increased the number of faith and community leaders from Pan-African/Black and Latino groups who are engaged in food insecurity advocacy. 1306117 Public Policy:Solving a complex problem such as hunger requires a clear understanding of the impact of specific policies and how policies affect each other. Bread's Policy and Research Institute's (PRI) nonpartisan analysis and identification of action steps help strengthen Bread as a trusted voice. (See Sch. O)Public Policy:The Institute contributed to research and thought leadership through briefings, coalition meetings, webinars, blogs, and policy papers on a variety of hunger-related policy and programs that came through Congress. Here are a few highlights from 2024: A delegation from Bread participated in the United Nations Climate Change Conference (COP29), where they highlighted the importance of a strong COP replenishment and the need for long-term solutions to climate change. Bread's President and CEO Rev. Eugene Cho was the first leader of a faith-based organization to moderate the Global International Development Association (IDA) Forum, where more than 120 civil society organizations met with senior Bank leaders to discuss their policy framework and IDA replenishment. We also published comments on the World Bank IDA21 Replenishment Report. Bread representatives led discussions on integrating biodiversity into food policies at the Action on Food event. Additionally, we joined the Green Generation Initiative panel to analyze negotiation outcomes and foster cross-generational collaboration. International financial institutions (IFIs) are the largest source of international financing for many low- and middle-income countries. Their support is more critical than ever as increasing numbers of people around the world face hunger and life-threatening malnutrition.In 2024, we co-led the International Financial Institution Working Group (IFI WG), keeping members informed about budget updates, policy considerations, and relationship-building efforts with congressional members and their staff. Our efforts have helped cultivate new champions for IFIs in Congress, expand participation in the Congressional IFI Education Caucus, and establish a productive, ongoing dialogue with Treasury representatives. For the first time in recent history, Bread for the World participated in the G20 Summit as a Civil Society Partner, elevating global hunger and development financing on the world stage. Bread played an active role in shaping policy discussions by submitting two white papers: one underscoring the critical role of the World Bank and other financial institutions in addressing hunger and another amplifying the voices of Pan-African women on nutrition, food security, and economic empowerment. These efforts helped shape the broader G20 policy recommendations, particularly in relation to the World Bank's funding roadmap. Bread's contributions also fed into the establishment of the Global Alliance Against Hunger, Poverty, and Inequality, a landmark initiative announced at the G20 to accelerate progress toward Sustainable Development Goal 2 (Zero Hunger). In July, Bread released a policy brief underscoring the importance of reauthorizing the African Growth and Opportunity Act (AGOA). AGOA, a cornerstone of U.S.-Africa economic relations, allows 32 sub-Saharan African countries to export goods to the U.S. duty-free, supporting economic growth and opportunities for small business owners, including farmers. Bread has long supported AGOA since its inception in 2000, advocating for its potential to strengthen Africa's agricultural sector. By eliminating burdensome tariffs, AGOA enables farmers to invest in farming practices that are better for the environment, contributing to long-term food security across the region. As part of our ongoing efforts to educate policymakers, Bread organized and led an AGOA Advocacy Day on Capitol Hill. This event brought together African leaders and members of Congress, providing an invaluable opportunity to discuss AGOA's impact and answer questions. 6129021 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X LaTashia Satterfield Ogunlana 2026399400 425 3rd Street SW Suite 1200 Washington DC 20024 Jeremy Everett Chair 1.00 1.00 X X 0 0 0 Mariam Mengistie Vice Chair 1.00 1.00 X X 0 0 0 James B Walker Secretary 1.00 1.00 X X 0 0 0 John T Hendrix Treasurer 1.00 1.00 X X 0 0 0 Victor Adamo Director 1.00 1.00 X 0 0 0 Heber Brown Director 1.00 1.00 X 0 0 0 Eddy Aleman Director 1.00 1.00 X 0 0 0 Richard Coll Director 1.00 1.00 X 0 0 0 Jason Fileta Director 1.00 1.00 X 0 0 0 Frank Dew Director 1.00 1.00 X 0 0 0 Max Finberg Director 1.00 1.00 X 0 0 0 Adam Edgerly Director 1.00 1.00 X 0 0 0 Susan Henry-Crowe Director 1.00 1.00 X 0 0 0 Kate Howe Director 1.00 1.00 X 0 0 0 Kate Judge Director 1.00 1.00 X 0 0 0 Sandra Joireman Director 1.00 1.00 X 0 0 0 Rebecca Middleton Director 1.00 1.00 X 0 0 0 Allison Mark Director 1.00 1.00 X 0 0 0 Dave Miner Director 1.00 1.00 X 0 0 0 Jennifer Pelling Director 1.00 1.00 X 0 0 0 Stephen Reeves Director 1.00 1.00 X 0 0 0 Joyce Rothermel Director 1.00 1.00 X 0 0 0 Katie Sexton Wood Director 1.00 1.00 X 0 0 0 Eric Roemer Director 1.00 1.00 X 0 0 0 Jeanette Salguero Director 1.00 1.00 X 0 0 0 Nikki Toyama-Szeto Director 1.00 1.00 X 0 0 0 Faustine Wabwire Director 1.00 1.00 X 0 0 0 Grace Shim Director 1.00 1.00 X 0 0 0 Karen Smith Director 1.00 1.00 X 0 0 0 Lori Tapia Director 1.00 1.00 X 0 0 0 Bob Terry Director 1.00 1.00 X 0 0 0 Karen Georgia A Thompson Director 1.00 1.00 X 0 0 0 Michael Wear Director 1.00 1.00 X 0 0 0 Beverly E Mitchell Director 1.00 1.00 X 0 0 0 Eugene Cho President 20.50 17.00 X X 164611 139023 69987 Delma Plummer VP Finance & Administratio 21.50 16.00 X 114941 85236 42643 Heather Taylor Managing Director 20.00 17.50 X 101575 88113 35073 Larisa Friesen VP Development 33.50 4.00 X 155835 18882 53342 Matthew Gross Director, Organizing 19.00 18.50 X 72996 71911 49466 Edward Kaufholz Director, Communications 22.50 15.00 X 87501 59455 19618 Abiola Afolayan Director 37.50 0.00 X 140149 0 25872 Jeffrey Nelson Director, Finance 20.50 17.00 X 70786 59882 34033 Gail Smith-Gliss Controller 20.50 17.00 X 67650 55755 16496 976044 578257 346530 5 0 1 0 0 1020865 770000 11392523 1999432 13183388 Honorarium 900099 2337 2337 2337 397650 397650 33775 0 33775 33775 33775 453264 0 453264 453264 453264 8620 770000 69241 -60621 -60621 List rental 900099 1000 1000 Other income 900099 390 390 1390 14011183 2337 0 825458 X 665749 579477 36175 50097 2823864 2551094 120144 152626 250536 218069 13614 18853 452441 393811 24584 34046 248632 216413 13510 18709 6774 6774 22449 22449 108141 108141 877865 844103 30090 3672 61830 45865 12685 3280 50234 40555 7878 1801 401781 310416 90061 1304 348470 341954 471 6045 246749 237275 21 9453 5727 5727 62192 43812 14966 3414 15721 15721 Membership services 150068 119011 31057 Other Expenses 108796 77172 31624 Printing and production 87161 84989 68 2104 Employee relations 13500 11750 734 1016 8649 7528 470 651 7017329 6129021 410415 477893 X 235273 146785 0 88488 1945794 2583532 2567036 2688264 1634910 6492003 101533 145425 424486 187642 299036 236844 6642497 7027846 2516460 2348068 15707266 21521982 4083 35993 670683 497381 7851588 6779715 8526354 7313089 X 3710967 5408202 3469945 8800691 7180912 14208893 15707266 21521982 6993854 34127 0 X 0 1 X 1 0 X 5506587 4831416 6271599 5745843 13183388 35538833 5506587 4831416 6271599 5745843 13183388 35538833 5619970 29918863 302446 215049 259102 379665 431425 1587687 1091 873701 9037 464 1390 885683 38012203 18472 0.78710 0.84310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7017329 7017329 500866 125217 0 0 475666 478331 484903 500866 1939766 2909649 118917 119583 121226 125217 484943 727415 6262034 500000 713350 360364 7115020 5437252 375024 774701 324943 6262034 5496199 1048015 -799938 307024 5437252 5004223 187823 599103 294950 5496199 4447224 145457 518680 107138 5004223 0.74305 0.23218 0.02477 0 0 380899 152417 228482 43587 35225 8362 236844 Deposits 235915 Due from the Alliance 8220 Right-of-use assets - operating lease 2103933 2348068 Due to Bread 4046562 Lease liability - operating lease 2733153 6779715 X 14114551 34127 69241 103368 14011183 0 14011183 7086570 69241 69241 7017329 0 7017329 Part V, Line 4: To provide permanent capital and an ongoing stream of income. Part X, Line 2: Management has evaluated the Institute's tax positions and concluded that there are no significant uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Direct fundraising expenses 69,241. Part XII, Line 2d - Other Adjustments: Direct fundraising expenses 69,241. X X X X X X 1 Lautman Maska Neill & Company 1730 Rhode Island Avenue NW 301 Washington DC 20039 Direct Response Fundraising 0 149824 105365 44459 Telefund Inc 294 Washington St STE 501 Boston MA 02108 Telemarketing 0 75 2776 -2701 149899 108141 41758 AL AR AZ CA CO CT DE FL GA HI IA ID KS KY LA MA MD ME MI MN MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX VA VT WA WI WV AK New York Gala 778620 770000 8620 22827 24412 22002 778620 770000 8620 22827 24412 22002 69241 -60621 X X X 0 0 0 0 0 0 0 0 0 Eugene Cho President 164611 139023 0 0 0 0 20252 17104 17690 14941 202553 171068 0 0 Delma Plummer VP Finance & Administratio 114941 85236 0 0 0 0 13787 10224 10699 7933 139427 103393 0 0 Larisa Friesen VP Development 155835 18882 0 0 0 0 18486 2240 29092 3524 203413 24646 0 0 Heather Taylor Managing Director 101575 88113 0 0 0 0 12133 10525 6648 5767 120356 104405 0 0 Matthew Gross Director, Organizing 72996 71911 0 0 0 0 8503 8377 16415 16171 97914 96459 0 0 Edward Kaufholz Director, Communications 87501 59455 0 0 0 0 10208 6936 1473 1001 99182 67392 0 0 Abiola Afolayan Director 140149 0 0 0 0 0 16267 0 9605 0 166021 0 0 0 Jeffrey Nelson Director, Finance 70786 59882 0 0 0 0 8150 6894 10287 8702 89223 75478 0 0 X 16 1993921 FMV X Charitable gift annuities 0 5511 0 0 1 0 Form 990, Part VI, Section B, line 11b The Controller and Director of Finance compare the Federal Form 990 to the audited financial statements. All variances are verified against schedules to determine that they are correct. Form 990, Part VI, Section B, line 12c On an annual basis, members of the Board of Directors sign a new conflict of interest statement. Any possible conflicts listed are reviewed by the Vice-President of Finance and Administration to determine if they truly reflect a conflict. If so, the statements are discussed with the audit committee. If the committee believes that conflict is real, the Board member is asked to either resign from the Board of Directors or stop the activity that is creating the conflict. Form 990, Part VI, Section B, line 15 The Institute does not directly hire or compensate employees. All employees are employees of Bread of the World, Inc. (BREAD), a related organization exempt under Section 501(c)(4). Periodically, BREAD's Human Resource Department receives general market data from an outside compensation consultant to determine if salaries are in line with organizations of similar mission and/or size. A more thorough market analysis of compensation specific positions is provided by an outside compensation consultant on an ad hoc basis. The President's salary is reviewed by the Board of Directors of a periodic basis. This is discussed and documented in the executive session. These notes are kept by the Board Secretary and are not open to the public. However, the Board of Directors does seek the same independent comparison data for the President that BREAD seeks for all other staff (including other members of the Executive Team). Form 990, Part VI, Section C, line 19 The Institute's website includes governance and financial information. Several charity and business rating sites, such as the Better Business Bureau and Charity Navigator, also post these documents and additional information. The Institute also makes information available to the public upon request. Form 990, Part IX, line 11g Other consulting: Program service expenses 844,103. Management and general expenses 30,090. Fundraising expenses 3,672. Total expenses 877,865. Bread for the World Inc 425 3rd Street SW Suite 1200 Washington DC 20024 132803276 Advocacy DC 501(c)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 Bread for the World Inc N 1952517 Allocation Bread for the World Inc O 3740040 Timesheets Bread for the World Inc P 6446000 Cash