FY17 Annual Report North Texas Food Bank Annual Report 2017 - Page 11

AUDITED FINANCIALS North Texas Food Bank Statements of Activities | Years Ended June 30, 2017 and 2016 2017 2016 Temporarily Restricted Unrestricited Total Prior Year Comparative Totals 17,490,063 $ Support and Revenue Public Support Public contributions $ Capital campaign Donated food and commodities 14,302,829 Total public support Government grants and cost reimbursements $ — 3,187,234 $ 12,660,198 — 97,326,405 20,312,173 12,660,198 25,124,872 97,326,405 102,522,742 14,302,829 113,173,837 127,476,666 147,959,787 4,006,379 — 4,006,379 4,425,249 1,963,224 — 1,963,224 2,200,392 Revenue Handling fee Investment income (loss) 844,597 — Gain on sale of fixed assets — — — Other revenue 9,868 Total revenue 2,817,689 — 844,597 — (21,876) 20,955 9,868 2,817,689 6,641 2,206,112 Total public support and revenue before net assets released from restrictions 21,126,897 Net assets released from restrictions 113,173,837 104,300,708 Total support and revenue (104,300,708) 125,427,605 8,873,129 134,300,734 — 154,591,148 — 134,300,734 154,591,148 Expenses and Losses Program 117,010,530 — 117,010,530 122,326,883 2,126,386 — 2,126,386 2,156,449 4,993,739 — 4,993,739 124,130,655 — 124,130,655 Management and general Fundraising Total expenses 5,138,512 129,621,844 Allowance adjustment for uncollectable pledges receivable - capital campaign Total expenses and losses — 124,130,655 113,449 113,449 113,449 — 124,244,104 129,621,844 Change in Net Assets 1,296,950 8,759,680 10,056,630 24,969,304 Net Assets, Beginning of Year 19,017,294 27,527,979 46,545,273 21,575,969 20,314,244 36,287,659 56,601,903 46,545,273 Net Assets, End of Year ANNUAL REPORT FY 2017 NORTH TEXAS FOOD BANK 11