SHFB ANNUAL REPORT 2009_FULL.indd - Second Harvest Food ...

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FINANCIAL Report
STATEMENT OF FINANCIAL POSITION
as of June 30, 2009 (Unaudited)
BALANCE SHEET
Assets:
Cash and investments $1,388,450
Accounts receivable 114,777
Food inventory 796,045
Prepaid expenses 35,817
Land, building, and equipment 4,674,690
Total Assets $7,009,779
Liabilities:
Accounts payable and accrued expenses $241,086
Note payable (building and land) 706,515
Total Liabilities $947,601
Deferred Income: $166,667
Equity:
Undesignated $37,944
Designated for food and reserves 994,829
Land, building, and equipment 2,879,484
Temporarily restricted assets 1,983,254
Total Net Equity $5,895,511
Total Liabilities, Deferred Income, and Net Equity $7,009,779
Administrative & General / 2% Fundraising / 4%
Education & Outreach / 1%
Food Storage & Distribution / 11%
Food Purchased / 4%
Annual Operating Expenses Annual Revenue
Annual Operating Expenses:
Food Distributed / 78%
Food distributed $9,838,104
Food purchased 523,808
Food storage and distribution 1,440,329
Education and outreach 175,759
Administrative and general 241,228
Fundraising 460,061
Total Expenses $12,679,289
Government Contracts / 3% Fees & Other / 4%
Cash Contributions / 12%
Grants / 5%
Annual Revenue:
Food Donations / 76%
Food donations $9,793,073
Cash contributions 1,530,165
Grants 588,728
Government contracts 410,036
Fees and other 479,911
Total Revenue $12,801,913