FOOD BANK OF EAST ALABAMA INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,955,849
Cash & Equivalents
56%
Property, Plant, & Equipment (net)
35%
Inventories
9%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$183,504
Payables & Accruals
53%
Deferred Revenue
47%
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
$2,984,337
$4,443,583
+49%
Receivables (Non-Related)
$51,419
$45,629
-11%
Related-Party Receivables
-
-
-
Inventories
$960,623
$703,393
-27%
Prepaid Expenses
$10,065
$9,793
-3%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,735,161
$2,753,451
+1%
Other Assets
-
-
-
Total Assets
$6,741,605
$7,955,849
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$41,854
$96,422
+130%
Grants Payable
-
-
-
Deferred Revenue
$84,987
$87,082
+2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$126,841
$183,504
+45%
Net assets
2023
2024
Change
Restricted Net Assets
$212,404
$959,329
+352%
Unrestricted Net Assets
$6,402,360
$6,813,016
+6%
Net assets
2023
2024
Change
Net assets
+$6,614,764
+$7,772,345
+17%
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