Greater Cleveland Food Bank Financials 2018

Statement Of Activities YEAR ENDED SEPTEMBER 30, 2018

Statement Of Activities YEAR ENDED SEPTEMBER 30, 2018

REVENUE VALUE OF FOOD RECEIVED Value of Food Donated Value of USDA and OFPP Food Received

$36,828,960 30,317,297 67,146,257

FOOD REVENUE Purchased Food Program Total Food Programs Revenue

2,879,250 $70,025,507

OPERATING REVENUE Greater Cleveland Food Bank Kitchen Member Agency Handling Fees Federal and State Government Reimbursements and Administration Fees

$2,628,431 917,248 4,090,515

Other

12,675,078 117,591

Total Operating Revenue

20,428,863

Contributions and Grants

Total Revenue from Food Programs and Operations

$90,454,370

FOOD PROGRAMS EXPENSE VALUE OF FOOD DISTRIBUTED Value of Donated Food Distributed Value of USDA and OFPP Food Distributed

$37,852,104 30,822,366 68,674,470

FOOD COST OF GOODS SOLD Purchased Food Program Harvest for Hunger Food Purchases and Grants Total Food Program Expenses

2,591,294 2,128,126 $73,393,890

Statement Of Activities YEAR ENDED SEPTEMBER 30, 2018

OPERATING EXPENSES PROGRAM EXPENSES Operations Greater Cleveland Food Bank Kitchen Community and Government Programming Total Program Expenses

$11,755,920 2,704,957 435,697 14,896,574

SUPPORT SERVICES

Administration

2,673,621 291,250 1,260,231

Total Support Services

4,225,102

Fundraising Volunteer Services & Product Resource Development

Total Operating Expenses

$19,121,676

Total Food Program and Operating Expenses

$92,515,566

Change from Operations

(2,061,196)

OTHER REVENUE Realized and Unrealized (loss) Gain on Investments, Net Interest & Dividends Total Other Revenue 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, 2017 through September 30, 2018. The complete audited financials from October 1, 2017 through September 30, 2018 are available for review on our website at GreaterClevelandFoodBank.org or by calling the Greater Cleveland Food Bank at 216.738.2052.

207,633 342,463 550,096 $(1,511,100) 19,127,868 $17,616,768

Statement Of Financial Position AS OF SEPTEMBER 30, 2018

ASSETS CURRENT ASSETS Cash and Cash Equivalents Investments, at Fair Value

$496,747 5,039,903

RECEIVABLES Agency Receivables, Net Government Administrative Fees/Reimbursements Operating Pledges – Current Portion, Net Other Receivables

369,981 891,157 477,158 2,970 1,741,266

INVENTORY Contributed Product Purchased Product USDA Product Ohio Food Purchase Program Product Greater Cleveland Food Bank Kitchen Purchased Food

Prepaid Expenses and Other Deposits Total Current Assets Property and Equipment, Net

907,761 475,260 916,630 731,036 152,409 3,183,096 710,243 $11,171,255 9,042,049

OTHER ASSETS Investments Held as Endowment Operating Pledges – Non-Current Capitalized Software, Net Deposits Total Assets

2,178,294 20,000 164,991 1,816 $22,578,405

Statement Of Financial Position AS OF SEPTEMBER 30, 2018

LIABILITIES AND NET ASSETS CURRENT LIABILITIES

Agency Grant Commitments

$872,173 982,380 997,686 1,312,384 797,014

Total Current Liabilities

4,961,637

Accounts Payable - Operating Accrued Expenses Line of Credit Harvest for Hunger Credits

Total Liabilities

$4,961,637

NET ASSETS – Unrestricted Net Investment in Plant & Equipment

$5,328,869 9,207,040

Total Undesignated

14,535,909

Unrestricted

Board Designated for Endowment Total Unrestricted

2,059,189 16,595,098

NET ASSETS – Temporarily Restricted All Other

780,831 148,039

Total Temporarily Restricted

928,870

Time Restricted

Total Net Assets

92,800 $17,616,768

Total Liabilities and Net Assets

$22,578,405

NET ASSETS – Permanently Restricted Endowment

This Balance Sheet is as of September 30, 2018. The complete set of audited financial statements as of September 30, 2018 are available for review by calling the Greater Cleveland Food Bank at 216.738.2052.