Our Daily Bread Ministries
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Our Daily Bread Ministries does not meet the following 1 Standards for Charity Accountability:
Standard 17 (Web Site Disclosures)
Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.
ODB does not meet this Standard because the organization's website, https://odb.org/, does not include all of the recommended information for those charity websites that solicit donations. Specifically, it does not include:
- Access to a complete version of the organization's IRS Form 990 for the year ended March 31, 2023. The version available on its website omits the board and staff list with compensation information.
Our Daily Bread Ministries meets the remaining 19 Standards for Charity Accountability.
Stated Purpose:
"to make the life-changing wisdom of the Bible understandable and accessible to all."
Year, State Incorporated:
1942, MI
Also Known As:
RBC Ministries
Our Daily Bread Ministries (ODB) reports that it is a global Bible engagement ministry working to help people connect with God each day. The organization produces short form Bible content across print, video, audio, and digital platforms with the goal to fuel a global Bible engagement movement. ODB states that it distributes more than 60 million resources throughout 160 countries in 58 different languages annually.
For the year ended March 31, 2023, Our Daily Bread Ministries's program expenses were:
Video ministry: $4,383,589
Audio ministry: $2,595,820
Online learning: $1,091,125
International ministry: $16,231,246
Print ministry: $48,162,500
Total Program Expenses: $72,464,280
Chief Executive
Matt Lucas, President and Chief Executive Officer
Compensation*
$260,000
Chair of the Board
Marty Doorn
Chair's Profession / Business Affiliation
Radio Business Owner
Board Size
11
Paid Staff Size
300
*2022 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $69,106,315, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Our Daily Bread Ministries's audited financial statements for the year ended March 31, 2023.
Source of Funds
| Investment loss, net | $-796,584 |
| Contributions | $69,106,315 |
| Sales | $9,851,082 |
| Other income | $2,146,808 |
| Total Income | $80,308,038 |
Programs: 90% Fundraising: 2% Administrative: 9%
| Total Income | $80,308,038 |
| Total expenses: | $80,682,030 |
| Program expenses | $72,464,280 |
| Fundraising expenses | $1,265,261 |
| Administrative expenses | $6,952,489 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-373,992 |
| Beginning Net Assets | $75,936,726 |
| Other Changes In Net Assets | $-1,114,339 |
| Ending Net Assets | $74,447,978 |
| Total Liabilities | $10,588,932 |
| Total Assets | $85,036,910 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance