ALABAMA FOOD BANK ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,018,500
Investments
92%
Cash & Equivalents
8%
Receivables (Non-Related)
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$3,434,479
Deferred Revenue
>99%
Payables & Accruals
0%
Grants Payable
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
$9,434,050
$317,717
-97%
Receivables (Non-Related)
$4,149
$4,149
+0%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
$3,692,859
-
Property, Plant, & Equipment (net)
$5,321
$3,775
-29%
Other Assets
-
-
-
Total Assets
$9,443,520
$4,018,500
-57%
Liabilities
2023
2024
Change
Payables & Accruals
$695
-
-
Grants Payable
-
-
-
Deferred Revenue
$9,075,163
$3,434,479
-62%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$9,075,858
$3,434,479
-62%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$367,662
$584,021
+59%
Net assets
2023
2024
Change
Net assets
+$367,662
+$584,021
+59%
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