FY17 Annual Report North Texas Food Bank Annual Report 2017 | Page 13
AUDITED FINANCIALS
North Texas Food Bank
Statements of Financial Position | June 30, 2017 and 2016
Assets
2017
2016
Current Assets
Cash and cash equivalents
$
2,570,631
$
1,504,983
Handling fees receivable (net of allowance
of $15,945 in 2017 and $16, 451 in 2016
Pledges receivable (See Note 4)
149,477 125,460
394,700 712,867
7,065,903 4,932,867
1,451,950 515,166
Pledges receivable - capital campagin (net of allowance
of $149, 457 and unamortized discount in 2017 (See Note 4)
Other receivables
Investments (See Note 3)
15,021,062 14,523,001
Inventory of food and commodities 4,811,603 6,462,537
Prepaid expenses and other assets 180,443 268,282
31,645,769 29,045,163
196,400 56,322
14,741,046 13,793,399
Total current assets
Noncurrent Assets
Pledges receivable (net of allowance of $3,600 in 2017 and $17,198 in 2016) (See Note 4)
Pledges receivable - capital campaign (net allowance of $863,351 and unamortized discount
in 2017 and net allowance of $932,859 in 2016) (See Note 4)
Property and equipment, net (See Note 5)
12,243,232 12,813.652
27,180,678 26,663,373
Total noncurrent assets
Total assets
$ 58,826,447
Accounts payable and accured expenses $ 1,863,665
$
55,708,536
Liabilities and Net Assets
Current Liabilities
Note payable to bank (See Note 6)
Total current liabilities
$
1,870,476
250,000 4,500,000
2,113,665 6,370,476
110,879
Noncurrent Liabilities
Deferred rent
Long-term note payable to bank (See Note 6)
Total noncurrent liabilities
Total liabilities
192,787
—
2,600,000
110,879 2,792,787
2,224,544 9,163,263
Non Assets (See Note 7)
Unrestricted
Temporarily restricted
Total net assets
20,314,244 19,017,294
36,287,659 27,527,979
56,601,903 46,545,273
Total liabilities and net assets
ANNUAL REPORT FY 2017
$
58,826,447
$
55,708,536
NORTH TEXAS FOOD BANK
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