FOOD BANK COUNCIL OF MICHIGAN INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$6,714,437
Receivables (Non-Related)
70%
Cash & Equivalents
25%
Other Assets
3%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,024,035
Payables & Accruals
66%
Deferred Revenue
30%
Other Liabilities
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,912,894
$1,660,012
-43%
Receivables (Non-Related)
$2,394,050
$4,721,656
+97%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$100,369
$62,267
-38%
Investments
-
-
-
Property, Plant, & Equipment (net)
$76,857
$78,432
+2%
Other Assets
$277,514
$192,070
-31%
Total Assets
$5,761,684
$6,714,437
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$2,273,813
$3,318,510
+46%
Grants Payable
-
-
-
Deferred Revenue
$1,638,047
$1,503,604
-8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$293,602
$201,921
-31%
Total Liabilities
$4,205,462
$5,024,035
+19%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,556,222
$1,690,402
+9%
Net assets
2023
2024
Change
Net assets
+$1,556,222
+$1,690,402
+9%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)