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        <BusinessNameLine1>THE BREAD PROJECT</BusinessNameLine1>
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        <AddressLine1>1555 PARK AVENUE UNIT B</AddressLine1>
        <City>EMERYVILLE</City>
        <State>CA</State>
        <ZIPCode>94608</ZIPCode>
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      <DatePrepared>2011-12-08</DatePrepared>
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        <State>CA</State>
        <ZIPCode>94608</ZIPCode>
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      <StateLegalDomicile>CA</StateLegalDomicile>
      <ActivityOrMissionDescription>TO PROVIDE LOW-INCOME RESIDENTS WITH THE SKILLS NEEDED TO OBTAIN AND KEEP JOBS IN THE FOOD INDUSTRY.</ActivityOrMissionDescription>
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      <TotalFunctionalExpenses>
        <Total>1105041</Total>
        <ProgramServices>903685</ProgramServices>
        <ManagementAndGeneral>86298</ManagementAndGeneral>
        <Fundraising>115058</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>441393</BOY>
        <EOY>488547</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>356914</BOY>
        <EOY>144913</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>13963</BOY>
        <EOY>21810</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>6096</BOY>
        <EOY>12883</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>120809</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>40554</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>16269</BOY>
        <EOY>80255</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>9223</BOY>
        <EOY>7322</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>843858</BOY>
        <EOY>755730</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>48597</BOY>
        <EOY>81312</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>48597</BOY>
        <EOY>81312</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>378072</BOY>
        <EOY>510162</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>417189</BOY>
        <EOY>164256</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>795261</BOY>
        <EOY>674418</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>843858</BOY>
        <EOY>755730</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-120843</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>1</AccountantCompileOrReview>
      <FSAudited>0</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LeaseholdImprovements>
        <InvestmentCostOrOtherBasis>2875</InvestmentCostOrOtherBasis>
        <Depreciation>2516</Depreciation>
        <BookValue>359</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <InvestmentCostOrOtherBasis>70864</InvestmentCostOrOtherBasis>
        <Depreciation>32474</Depreciation>
        <BookValue>38390</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>47070</InvestmentCostOrOtherBasis>
        <Depreciation>5564</Depreciation>
        <BookValue>41506</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>80255</TotalOfBookValueLandBuildings>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>THE POLICY IS AVAILABLE ON THE WEBSITE IN THE DESCRIPTION OF THE TARGET POPULATION.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 6</ReturnReference>
        <Explanation>FUNDING IS RECEIVED FROM THE BELOW GOVERNMENTAL AGENCY: CITY OF BERKELEY HOUSING &amp; COMMUNITY SERVICES DEPARTMENT 2180 MILVIA, 2ND FLOOR BERKELEY, CA 94704 CONTACT: DELFINA GEIKEN PHONE #: (510) 981-7551</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>JASON PERA</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>BOARD PRESIDENT</Relationship>
        <DescriptionOfTransaction>THE BREAD PROJECT HAS INVESTED IN CERTIFICATE OF DEPOSIT FROM PERSHING. BOARD PRESIDENT IS ALSO A PARTNER AT THE FIRM WHERE THE ACCOUNT WAS OPENED. THE CERTIFICATE OF DEPOSIT ACCOUNT WITH PERSHING WAS CLOSED DURING THE FISCAL YEAR ENDED JUNE 30 3011.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <FoodInventory>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>15000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </FoodInventory>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>TRAINING AND PRODUCTION FACILITY</Description>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>116868</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>INSTRUCTORS</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>51975</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>TRAINING AND PRODUCTION EQUIPMENT</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>31332</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>STRATEGIC PLANNING CONSULTING</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>23225</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>0</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>BOARD MEMBERS WILL REVIEW TAX RETURN BEFORE IT IS SENT TO IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND SIGNS OFF ON THE CONFLICT OF INTEREST POLICY, AND A SIMILAR POLICY IS PRESENTED TO ALL EMPLOYEES IN THE EMPLOYEE HANDBOOK, WHERE THE WHISTLEBLOWER POLICY IS PROMINENT AS WELL. ALL EMPLOYEES HAVE EASY ACCESS TO BOARD MEMBER CONTACT INFORMATION SHOULD THEY FEEL IT NECESSARY TO REPORT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>COMPENSATION LEVELS ARE DETERMINED ACCORDING TO A WAGE AND SALARY SCALE THAT IS APPROVED BY THE BOARD OF DIRECTORS. WAGE AND SALARY LEVELS ARE DETERMINED ACCORDING TO PREVAILING RATES FOR SIMILAR POSITIONS IN OTHER BAY AREA ORGANIZATIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FINANCE COMMITTEE</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 2C</ReturnReference>
        <Explanation>THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS DURING THE TAX YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>