Greater Cleveland Food Bank Statement of Activities 2019

Statement Of Activities YEAR ENDED SEPTEMBER 30, 2019

Statement Of Activities YEAR ENDED SEPTEMBER 30, 2019

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

$35,692,817 33,873,723 69,566,540

FOOD REVENUE Purchased Food Program Total Food Programs Revenue

2,751,891 $72,318,431

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

$3,199,902 1,036,777 4,523,413

Other

12,993,071 113,908

Total Operating Revenue

21,867,071

Contributions and Grants

Total Revenue from Food Programs and Operations

$94,185,502

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

$35,772,806 31,728,869 67,501,675

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

2,360,653 1,400,004 $71,262,332

Statement Of Activities YEAR ENDED SEPTEMBER 30, 2019

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

$11,856,263 3,451,765 505,643 15,813,671

SUPPORT SERVICES

Administration

2,614,499 313,465 1,537,496

Total Support Services

4,465,460

Fundraising Volunteer Services & Product Resource Development

Total Operating Expenses Total Food Program and Operating Expenses

Change from Operations

20,279,131 $91,541,463 2,644,039

OTHER REVENUE Realized and Unrealized (loss) Gain on Investments, Net

191,656

Total Other Revenue

191,656

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, 2018 through September 30, 2019. The complete audited financials from October 1, 2018 through September 30, 2019 are available for review on our website at GreaterClevelandFoodBank.org or by calling the Greater Cleveland Food Bank at 216.738.2052.

$2,835,695 17,616,768 $20,452,463

Statement Of Financial Position AS OF SEPTEMBER 30, 2019

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

$480,248 179,019 5,203,439

RECEIVABLES Agency Receivables, Net

384,512

Other Receivables

1,278,497 1,212,345 41,693

2,917,047

Government Administrative Fees/Reimbursements Operating Pledges – Current Portion, Net

INVENTORY

Greater Cleveland Food Bank Kitchen Purchased Food

827,618 447,328 3,068,112 724,408 137,940

5,205,406

Contributed Product Purchased Product USDA Product Ohio Food Purchase Program Product

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

729,099 $14,714,258 8,668,457

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

2,167,881 10,000 105,730 1,816 $25,668,142

Statement Of Financial Position AS OF SEPTEMBER 30, 2019

LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts Payable - Operating Accrued Expenses Custodial Liabilities Line of Credit Harvest For Hunger Credits Agency Grant Commitments Deferred Revenue Total Current Liabilities Total Liabilities

$1,018,847 1,420,877 179,019 300,000 1,413,160 845,329 38,447 5,215,679 $5,215,679

NET ASSETS – Unrestricted Net Investment in Plant & Equipment

$8,538,363 8,774,187

Total Undesignated

17,312,550

Unrestricted

Board Designated for Endowment Total Unrestricted

2,051,579 19,364,129

NET ASSETS – Temporarily Restricted All Other

939,297 32,735

Total Temporarily Restricted

972,032

Time Restricted

Total Net Assets

116,302 $20,452,463

Total Liabilities and Net Assets

$25,668,142

NET ASSETS – Permanently Restricted Endowment

This Balance Sheet is as of September 30, 2019. The complete set of audited financial statements as of September 30, 2019 are available for review by calling the Greater Cleveland Food Bank at 216.738.2052.