






|
Statements of Financial Position
Revenue and Expenses
Fiscal
Year Ending June 30, 2007
| |
|
Contributions |
$22,998,254 |
|
Government Grants |
$0 |
|
Program Services |
$1,141,111 |
|
Investments |
$22,314 |
|
Special Events |
$219,957 |
|
Sales |
$0 |
|
Other |
$38,961 |
|
|
|
Program Services |
$23,994,622 |
|
Administration |
$198,409 |
|
Fundraising |
$476,193 |
|
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Balance Sheet
Fiscal Year Ending June 30, 2007
|
Notes
The balance sheet gives a snapshot of
the financial health of an organization
at a particular point in time. An
organization's total assets should
generally exceed its total liabilities,
or it cannot long survive, but the types
of assets and liabilities also must be
considered. For instance, an
organization's current assets (cash,
receivables, securities, etc.) should be
sufficient to cover its current
liabilities (payables, deferred revenue,
current year loan and note payments).
Otherwise, the organization may face
solvency problems. On the other hand, an
organization whose cash and equivalents
greatly exceed its current liabilities
might be building reserves or not putting its money to best
use. |
| |
|
Cash & Equivalent |
$538,248 |
$656,653 |
$118,405 |
|
Accounts Receivable |
$81,342 |
$89,144 |
$7,802 |
|
Pledges & Grants Receivable |
$189,200 |
$189,200 |
$0 |
|
Receivables/Other |
$0 |
$10,000 |
$10,000 |
|
Inventories for Sale or Use |
$1,497,401 |
$1,180,577 |
($316,824) |
|
Investments/Securities |
$113,012 |
$69,000 |
($44,012) |
|
Investments/Other |
$0 |
$0 |
$0 |
|
Fixed Assets |
$1,078,170 |
$1,188,188 |
$110,018 |
|
Other |
$0 |
$0 |
$0 |
| |
|
Accounts Payable |
$67,687 |
$187,989 |
$120,302 |
|
Accrued
Expenses |
$115,584 |
$125,884 |
$10,300 |
|
Deferred Revenue |
$2,755 |
$6,169 |
$3,414 |
|
Loans and Notes |
$0 |
$0 |
$0 |
|
Tax-Exempt Bond Liabilities |
$0 |
$0 |
$0 |
|
Other |
$0 |
$0 |
$0 |
| |
|
|
|
Comments
The vast majority of food bank funds are spent in acquiring, storing,
transporting and distributing food. Nearly 98% of all funds
(cash & in-kind) are used in the direct delivery of our core services.
Roadrunner Food Bank's last audit, dated 6/30/07, had no findings deemed
significant enough for a management letter.
Supporting Financial Documentation
Fiscal Year Ending June 30, 2007
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