2026-06-18T12:38:10-05:00 2025-12-31 582676261 Rogers & Company PLLC 1775 Tysons Boulevard Suite 1200 McLean VA 22102 990 2025-01-01 510175510 Bread for the World Institute BREA 2026399400 425 3rd Street SW 1200 Washington DC 20024 Eugene Cho President/CEO 2026399400 2026-06-17 1 Jie Chen CPA P01049760 7038930300 2026-06-15 2025 2025-03-06 01:10:19Z Eugene Cho 425 3rd Street SW 1200 Washington DC 20024 11473104 0 X www.bread.org X 1982 DC To provide analysis and education on hunger issues in the U.S. and around the world. 36 35 0 35 0 0 13183388 7187102 2337 7151 850914 1265214 -25456 -21002 14011183 8438465 0 10000 0 0 4441222 4520277 108141 107398 439881 2467966 2425861 7017329 7063536 6993854 1374929 21521982 22426638 7313089 6773404 14208893 15653234 X To provide analysis and education on hunger issues in the United States and around the world. 0 0 1163887 10000 7151 Public Education:Bread for the World Institute educates our network about hunger and how to end it. The Institute informs Bread's current policy change agenda and advocacy with clear, evidence-based policy solutions that include relevant context and thoughtful analysis, and tracks emerging issues and trends related to ending hunger. (To be continued in Schedule O)Public Education:In 2025, The Institute organized numerous briefings and panel events to educate the public including: - Two Norman E. Borlaug International Dialogue World Food Prize events titled: - School Meals as an Engine for Economic Impact and Trade - Hunger Hotspots and the Humanitarian-Development Nexus- A Nutrition for Growth Summit event titled Hunger Hotspots Briefing on Child Nutrition and Migration in the DRC, Sudan, South Sudan, and Chad.- A Rural Advancement Foundation International (RAFI) conference event titled The Future of SNAP: What We Know, What We Don't, and What to Do.Bread Institute's monthly newsletter, "Institute Insights," featured a range of topics, including an overview of recent changes in U.S. nutrition policy, reducing food waste for a more effective food system, regenerative agriculture as a tool to improve global nutrition, and the impact of tax remittances on hunger. 969631 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. (To be continued in Schedule O)Outreach and Advocacy:In June 2025, 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. 4062224 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. (To be continued in Schedule 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 2025: In September, Bread published its Nourish Our Future Policy Roadmap, a comprehensive framework focused on ending child hunger in the United States and around the world. The roadmap outlines practical, evidence-based policy solutions to ensure all children have consistent access to nutritious food, with particular emphasis on strengthening federal nutrition programs, improving maternal and child health, and addressing the root causes of food insecurity. Grounded in research and informed by the lived experiences of families, it has served as a unifying guide for Bread's advocacy, helping to align partners and equip policymakers with a clear, actionable path to ensure every child can thrive.In April, the Institute hosted its inaugural Climate and Nutrition Symposium to learn about and identify solutions to hunger and climate challenges in the U.S. and abroad. Featuring expert panelists with backgrounds in agricultural research, rural development, humanitarian response, and foreign aid policy, the 3-day Symposium brought together nearly 100 participants from the humanitarian, research, hunger response, and private sector to learn about how more effective food systems, better climate finance, and strategic climate mobility policies can help end hunger during a climate crisis. The final day of the Symposium culminated in bringing attendees to congressional offices to provide education on how climate is a hunger issue.In November, Bread brought together faith leaders, advocates, policy experts, and community members gathered in Frankfort, KY for a daylong conference focused on addressing hunger and strengthening our shared commitment to ending food insecurity. The event highlighted both the challenges and opportunities facing Kentucky families, especially in light of the ongoing government shutdown and cuts to federal nutrition programs. Throughout the day, participants engaged in thoughtful workshops and discussions, built relationships, and identified concrete actions to ensure every Kentuckian has access to nutritious food.A delegation from Bread participated in the United Nations Climate Change Conference (COP30), where they hosted three events highlighting how well-designed school meal programs can stabilize local food systems, support smallholder farmers, and improve long-term child health. In addition to our Bread-organized panels, we co-hosted a side event titled "Faith-based Partnership Advancing the Paris Agreement in the United States with Global Solidarity." This gathering emphasized how faith-based organizations are advancing climate priorities at both local and international levels. Bread also convened a listening session with grassroots leaders to inform our climate priorities and future scope of work. These conversations reinforced the importance of ensuring that climate-smart food policies reflect the lived realities of communities most affected by climate disruption. 6195742 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 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 11 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Eugene Cho PresidentCEO 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 Kate Judge Treasurer 1.00 1.00 X X 0 0 0 Victor Adamo Director 1.00 1.00 X 0 0 0 David Austin 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 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 Sandra Joireman Director 1.00 1.00 X 0 0 0 Jeffrey Leath Director 1.00 1.00 X 0 0 0 Rebecca Middleton Director 1.00 1.00 X 0 0 0 David Miner Director 1.00 1.00 X 0 0 0 Beverly E Mitchell Director 1.00 1.00 X 0 0 0 Chang K Park 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 Dave V Repko 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 Katie Sexton Wood 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 Karen Georgia A Thompson 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 Michael Wear Director 1.00 1.00 X 0 0 0 Fatima Yakubu-Madus Director 1.00 1.00 X 0 0 0 Eugene Cho President/CEO 20.50 17.00 X X 177479 147177 78677 Heather Taylor Managing Director 17.00 20.50 X 94185 113040 48850 Matthew Gross Director 18.00 19.50 X 74186 79599 35631 Edward Kaufholz Director 22.00 15.50 X 92202 64828 36415 Abiola Afolayan Director 37.50 X 155769 0 36381 Gail Smith-Gliss Controller 20.00 17.50 X 70701 61156 30030 LaTashia Satterfield Ogunlana VP of Finance & Admin 21.50 16.00 X 64769 58462 403 729291 524262 266387 2 0 1 0 0 1307895 42255 5836952 346465 7187102 Honorarium 900099 7151 7151 7151 382001 382001 41494 0 41494 41494 41494 3853714 2970501 883213 883213 883213 1210 42255 64138 -62928 -62928 Other income 900099 432 432 432 8438465 7151 0 1244212 X 10000 10000 336876 294650 19925 22301 3125478 2847834 125872 151772 264769 231581 15660 17528 525038 459227 31054 34757 268116 234509 15858 17749 9859 9859 23008 23008 107398 107398 719841 687724 26384 5733 62064 47283 12071 2710 59330 47174 10110 2046 475546 384967 85802 4777 258401 250568 3467 4366 318938 306533 2696 9709 3852 3852 62194 43981 15148 3065 29971 29971 Other Expenses 180025 168174 11851 Membership services 125320 84019 41301 Printing and production 80584 78859 27 1698 Staff developement 10669 9332 631 706 6259 5475 370 414 7063536 6195742 427913 439881 X 215181 118667 0 96514 2583532 2192825 2688264 890937 6492003 5284981 145425 107858 424486 249836 236844 174650 7027846 11681595 2348068 2093792 21521982 22426638 35993 8119 497381 322182 6779715 6443103 7313089 6773404 X 5408202 6339961 8800691 9313273 14208893 15653234 21521982 22426638 1374929 69412 0 X 0 1 X 1 0 X 4831416 6271599 5745843 13183388 7187102 37219348 4831416 6271599 5745843 13183388 7187102 37219348 6453813 30765535 215049 259102 379665 431425 423495 1708736 873701 9037 464 1390 432 885024 39813108 25498 0.77270 0.78710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7127674 7127674 506384 126596 0 0 478331 484903 500866 506384 1970484 2955726 119583 121226 125217 126596 492622 738933 7115020 1414000 1155339 372979 9311380 6262034 500000 713350 360364 7115020 5437252 375024 774701 324943 6262034 5496199 1048015 -799938 307024 5437252 5004223 187823 599103 294950 5496199 0.62606 0.15186 0.22208 0 0 380899 210894 170005 43587 38942 4645 174650 Deposits 235915 Due from the Alliance 29091 Right-of-use assets - operating lease 1828786 2093792 Due to Bread 4042806 Lease liability - operating lease 2400297 6443103 X 8572015 69412 64138 133550 8438465 0 8438465 7127674 64138 64138 7063536 0 7063536 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 64,138. Part XII, Line 2d - Other Adjustments: Direct fundraising expenses 64,138. X X X X X X 1 Lautman Maska Neill & Company 1730 Rhode Island Avenue NW 301 Washington DC 20039 Direct Response Fundraising 0 225209 107398 117811 225209 107398 117811 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 NY Event 43465 42255 1210 22517 23971 17650 43465 42255 1210 22517 23971 17650 64138 -62928 1 Friends Committee on National Legislation 245 2nd St NE Washington DC 20002 530178883 501c4 10000 0 General Support 0 1 Part I, Line 2: This was a general support grant which requires no reporting. X X X 0 0 0 0 0 0 0 0 0 Eugene Cho President/CEO 177479 147177 0 0 0 0 21860 18128 21150 17539 220489 182844 0 0 Heather Taylor Managing Director 94185 113040 0 0 0 0 11289 13549 10913 13099 116387 139688 0 0 Edward Kaufholz Director 92202 64828 0 0 0 0 10783 7581 10599 7452 113584 79861 0 0 Abiola Afolayan Director 155769 0 0 0 0 0 18201 0 18180 0 192150 0 0 0 Matthew Gross Director 74186 79599 0 0 0 0 8657 9288 8532 9154 91375 98041 0 0 Gail Smith-Gliss Controller 70701 61156 0 0 0 0 8105 7011 7997 6917 86803 75084 0 0 X 17 346465 FMV 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 687,724. Management and general expenses 26,384. Fundraising expenses 5,733. Total expenses 719,841. 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 1707921 Allocation Bread for the World Inc O 3727323 Timesheets Bread for the World Inc P 5439000 Cash