Statement Of Activities YEAR ENDED SEPTEMBER 30, 2018
Statement Of Activities YEAR ENDED SEPTEMBER 30, 2018
REVENUE VALUE OF FOOD RECEIVED Value of Food Donated Value of USDA and OFPP Food Received
$36,828,960 30,317,297 67,146,257
FOOD REVENUE Purchased Food Program Total Food Programs Revenue
2,879,250 $70,025,507
OPERATING REVENUE Greater Cleveland Food Bank Kitchen Member Agency Handling Fees Federal and State Government Reimbursements and Administration Fees
$2,628,431 917,248 4,090,515
Other
12,675,078 117,591
Total Operating Revenue
20,428,863
Contributions and Grants
Total Revenue from Food Programs and Operations
$90,454,370
FOOD PROGRAMS EXPENSE VALUE OF FOOD DISTRIBUTED Value of Donated Food Distributed Value of USDA and OFPP Food Distributed
$37,852,104 30,822,366 68,674,470
FOOD COST OF GOODS SOLD Purchased Food Program Harvest for Hunger Food Purchases and Grants Total Food Program Expenses
2,591,294 2,128,126 $73,393,890
Statement Of Activities YEAR ENDED SEPTEMBER 30, 2018
OPERATING EXPENSES PROGRAM EXPENSES Operations Greater Cleveland Food Bank Kitchen Community and Government Programming Total Program Expenses
$11,755,920 2,704,957 435,697 14,896,574
SUPPORT SERVICES
Administration
2,673,621 291,250 1,260,231
Total Support Services
4,225,102
Fundraising Volunteer Services & Product Resource Development
Total Operating Expenses
$19,121,676
Total Food Program and Operating Expenses
$92,515,566
Change from Operations
(2,061,196)
OTHER REVENUE Realized and Unrealized (loss) Gain on Investments, Net Interest & Dividends Total Other Revenue Change in Net Assets Net Assets, Beginning of Year Net Assets, End of Year
The Statement of Activities and Changes in Net Assets reflects activity from October 1, 2017 through September 30, 2018. The complete audited financials from October 1, 2017 through September 30, 2018 are available for review on our website at GreaterClevelandFoodBank.org or by calling the Greater Cleveland Food Bank at 216.738.2052.
207,633 342,463 550,096 $(1,511,100) 19,127,868 $17,616,768
Statement Of Financial Position AS OF SEPTEMBER 30, 2018
ASSETS CURRENT ASSETS Cash and Cash Equivalents Investments, at Fair Value
$496,747 5,039,903
RECEIVABLES Agency Receivables, Net Government Administrative Fees/Reimbursements Operating Pledges – Current Portion, Net Other Receivables
369,981 891,157 477,158 2,970 1,741,266
INVENTORY Contributed Product Purchased Product USDA Product Ohio Food Purchase Program Product Greater Cleveland Food Bank Kitchen Purchased Food Prepaid Expenses and Other Deposits Total Current Assets Property and Equipment, Net
907,761 475,260 916,630 731,036 152,409 3,183,096 710,243 $11,171,255 9,042,049
OTHER ASSETS Investments Held as Endowment Operating Pledges – Non-Current Capitalized Software, Net Deposits Total Assets
2,178,294 20,000 164,991 1,816 $22,578,405
Statement Of Financial Position AS OF SEPTEMBER 30, 2018
LIABILITIES AND NET ASSETS CURRENT LIABILITIES
Agency Grant Commitments
$872,173 982,380 997,686 1,312,384 797,014
Total Current Liabilities
4,961,637
Accounts Payable - Operating Accrued Expenses Line of Credit Harvest for Hunger Credits
Total Liabilities
$4,961,637
NET ASSETS – Unrestricted Net Investment in Plant & Equipment
$5,328,869 9,207,040
Total Undesignated
14,535,909
Unrestricted
Board Designated for Endowment Total Unrestricted
2,059,189 16,595,098
NET ASSETS – Temporarily Restricted All Other
780,831 148,039
Total Temporarily Restricted
928,870
Time Restricted
Total Net Assets
92,800 $17,616,768
Total Liabilities and Net Assets
$22,578,405
NET ASSETS – Permanently Restricted Endowment
This Balance Sheet is as of September 30, 2018. The complete set of audited financial statements as of September 30, 2018 are available for review by calling the Greater Cleveland Food Bank at 216.738.2052.