GLEANERS COMMUNITY FOOD BANK OF SOUTHEASTERN MICHIGAN
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$57,596,466
Cash & Equivalents
47%
Receivables (Non-Related)
27%
Property, Plant, & Equipment (net)
10%
Inventories
7%
Investments
6%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$6,449,921
Deferred Revenue
40%
Payables & Accruals
26%
Other Liabilities
25%
Notes Payable / Debt (Non-Related)
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$24,671,490
$27,112,795
+10%
Receivables (Non-Related)
$14,720,122
$15,404,224
+5%
Related-Party Receivables
-
-
-
Inventories
$3,242,352
$4,275,223
+32%
Prepaid Expenses
$403,784
$451,474
+12%
Investments
$2,835,057
$3,292,368
+16%
Property, Plant, & Equipment (net)
$5,122,283
$5,597,513
+9%
Other Assets
$1,565,371
$1,462,869
-7%
Total Assets
$52,560,459
$57,596,466
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$1,604,010
$1,692,796
+6%
Grants Payable
-
-
-
Deferred Revenue
$2,905,036
$2,567,619
-12%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,154,374
$608,469
-47%
Related-Party Payables
-
-
-
Other Liabilities
$1,642,799
$1,581,037
-4%
Total Liabilities
$7,306,219
$6,449,921
-12%
Net assets
2023
2024
Change
Restricted Net Assets
$5,947,734
$6,889,651
+16%
Unrestricted Net Assets
$39,306,506
$44,256,894
+13%
Net assets
2023
2024
Change
Net assets
+$45,254,240
+$51,146,545
+13%
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