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
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