Statement Of Activities YEAR ENDED SEPTEMBER 30, 2019
Statement Of Activities YEAR ENDED SEPTEMBER 30, 2019
REVENUE VALUE OF FOOD RECEIVED Value of Food Donated Value of USDA and OFPP Food Received
$35,692,817 33,873,723 69,566,540
FOOD REVENUE Purchased Food Program Total Food Programs Revenue
2,751,891 $72,318,431
OPERATING REVENUE Greater Cleveland Food Bank Kitchen Member Agency Handling Fees Federal and State Government Reimbursements and Administration Fees
$3,199,902 1,036,777 4,523,413
Other
12,993,071 113,908
Total Operating Revenue
21,867,071
Contributions and Grants
Total Revenue from Food Programs and Operations
$94,185,502
FOOD PROGRAMS EXPENSE VALUE OF FOOD DISTRIBUTED Value of Donated Food Distributed Value of USDA and OFPP Food Distributed
$35,772,806 31,728,869 67,501,675
FOOD COST OF GOODS SOLD Purchased Food Program Harvest for Hunger Food Purchases and Grants Total Food Program Expenses
2,360,653 1,400,004 $71,262,332
Statement Of Activities YEAR ENDED SEPTEMBER 30, 2019
OPERATING EXPENSES PROGRAM EXPENSES Operations Greater Cleveland Food Bank Kitchen Community and Government Programming Total Program Expenses
$11,856,263 3,451,765 505,643 15,813,671
SUPPORT SERVICES
Administration
2,614,499 313,465 1,537,496
Total Support Services
4,465,460
Fundraising Volunteer Services & Product Resource Development
Total Operating Expenses Total Food Program and Operating Expenses
Change from Operations
20,279,131 $91,541,463 2,644,039
OTHER REVENUE Realized and Unrealized (loss) Gain on Investments, Net
191,656
Total Other Revenue
191,656
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, 2018 through September 30, 2019. The complete audited financials from October 1, 2018 through September 30, 2019 are available for review on our website at GreaterClevelandFoodBank.org or by calling the Greater Cleveland Food Bank at 216.738.2052.
$2,835,695 17,616,768 $20,452,463
Statement Of Financial Position AS OF SEPTEMBER 30, 2019
ASSETS CURRENT ASSETS Cash and Cash Equivalents Custodial Assets Investments, at Fair Value
$480,248 179,019 5,203,439
RECEIVABLES Agency Receivables, Net
384,512
Other Receivables
1,278,497 1,212,345 41,693
2,917,047
Government Administrative Fees/Reimbursements Operating Pledges – Current Portion, Net
INVENTORY
Greater Cleveland Food Bank Kitchen Purchased Food
827,618 447,328 3,068,112 724,408 137,940
5,205,406
Contributed Product Purchased Product USDA Product Ohio Food Purchase Program Product
Prepaid Expenses and Other Deposits Total Current Assets Property and Equipment, Net
729,099 $14,714,258 8,668,457
OTHER ASSETS Investments Held as Endowment Operating Pledges – Non-Current Capitalized Software, Net Deposits Total Assets
2,167,881 10,000 105,730 1,816 $25,668,142
Statement Of Financial Position AS OF SEPTEMBER 30, 2019
LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts Payable - Operating Accrued Expenses Custodial Liabilities Line of Credit Harvest For Hunger Credits Agency Grant Commitments Deferred Revenue Total Current Liabilities Total Liabilities
$1,018,847 1,420,877 179,019 300,000 1,413,160 845,329 38,447 5,215,679 $5,215,679
NET ASSETS – Unrestricted Net Investment in Plant & Equipment
$8,538,363 8,774,187
Total Undesignated
17,312,550
Unrestricted
Board Designated for Endowment Total Unrestricted
2,051,579 19,364,129
NET ASSETS – Temporarily Restricted All Other
939,297 32,735
Total Temporarily Restricted
972,032
Time Restricted
Total Net Assets
116,302 $20,452,463
Total Liabilities and Net Assets
$25,668,142
NET ASSETS – Permanently Restricted Endowment
This Balance Sheet is as of September 30, 2019. The complete set of audited financial statements as of September 30, 2019 are available for review by calling the Greater Cleveland Food Bank at 216.738.2052.