GREATER LANSING FOOD BANK
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$14,069,587
Property, Plant, & Equipment (net)
55%
Cash & Equivalents
26%
Inventories
14%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,720,504
Deferred Revenue
91%
Payables & Accruals
9%
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
$4,205,641
$3,686,225
-12%
Receivables (Non-Related)
$268,033
$544,649
+103%
Related-Party Receivables
-
-
-
Inventories
$1,031,423
$2,031,865
+97%
Prepaid Expenses
$27,459
$61,963
+126%
Investments
-
-
-
Property, Plant, & Equipment (net)
$7,885,378
$7,744,885
-2%
Other Assets
-
-
-
Total Assets
$13,417,934
$14,069,587
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$147,706
$152,914
+4%
Grants Payable
-
-
-
Deferred Revenue
$700,829
$1,567,590
+124%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$848,535
$1,720,504
+103%
Net assets
2023
2024
Change
Restricted Net Assets
$118,504
$107,759
-9%
Unrestricted Net Assets
$12,450,895
$12,241,324
-2%
Net assets
2023
2024
Change
Net assets
+$12,569,399
+$12,349,083
-2%
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