GALVESTON COUNTY FOOD BANK
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,034,102
Cash & Equivalents
52%
Property, Plant, & Equipment (net)
28%
Other Assets
10%
Inventories
8%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$119,976
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,987,225
$4,151,627
+4%
Receivables (Non-Related)
$563,159
$158,774
-72%
Related-Party Receivables
-
-
-
Inventories
$440,054
$659,588
+50%
Prepaid Expenses
$28,260
$27,554
-2%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,049,475
$2,253,682
+10%
Other Assets
$365,238
$782,877
+114%
Total Assets
$7,433,411
$8,034,102
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$93,477
$119,976
+28%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$93,477
$119,976
+28%
Net assets
2023
2024
Change
Restricted Net Assets
$1,025,455
$782,877
-24%
Unrestricted Net Assets
$6,314,479
$7,131,249
+13%
Net assets
2023
2024
Change
Net assets
+$7,339,934
+$7,914,126
+8%
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