FY18 Annual Report NTFB Annual Report 2018 - Page 15

FINANCIALS ASSETS Current Assets Consolidated Statement of Financial Position June 30, 2018 Cash and cash equivalents $ 992,607 Handling fees receivable (net of allowance of $15,945) 137,450 Pledges receivable (See Note 4) 435,950 Pledges receivable – capital campaign (net of allowance and unamortized discount (See Note 4) 6,334,324 Other receivables 1,325,940 Investments (See Note 3) 17,949,415 Inventory of food and commodities 6,219,561 Prepaid expenses and other assets 225,048 Total current assets 33,620,295 Noncurrent Assets Cash restricted by New Markets Tax Credit Program notes payable (See Note 9) 8,259,527 Pledges receivable (net of allowance) (See Note 4) 292,800 Pledges receivable – capital campaign (net of allowance and unamortized discount) (See Note 4) 8,359,242 New Markets Tax Credit Program note receivable (See Note 5) 16,838,300 Property and equipment, net (See Note 6) 28,299,283 Total noncurrent assets 62,049,152 Total assets $ 95,669,447 LIABILITIES AND NET ASSETS Current Liabilities Accounts payable and accrued expenses $ 3,507,241 Total current liabilities 3,507,241 Noncurrent Liabilities Deferred rent 27,720 New Markets Tax Credit Program notes payable (See Note 9) 22,615,789 Total noncurrent liabilities 22,643,509 Total liabilities 26,150,750 Net Assets (See Note 10) Unrestricted 38,420,163 Temporarily restricted 31,098,534 Total net assets 69,518,697 Total liabilities and net assets $ 95,669,447 Please see full Audited Financial Statements at www.ntfb.org for notes and other supplementary information that is integral to the financial statements. An estimated wholesale value of the donated food and commodities is included in both the Statement of Financial Position and the Statement of Activities. Donated inventory is valued at an average of the national wholesale prices as determined by an independent study provided by Feeding America. Annual Report FY 2018 North Texas Food Bank 15