Operating Activities Change in net assets |
$ |
10,056,630 |
$ |
24,969,304 |
Items not requiring ( providing ) operating cash |
` |
|||
Depreciation and amortization |
1,305,894 |
1,329,550 |
||
( Gain ) loss on disposal of fixed assets |
— |
( 20,9555 ) |
||
Unrealized ( gains ) losses on investments |
( 234,097 ) |
382,972 |
||
Realized gains on investments |
( 309,742 ) |
( 23,213 ) |
||
Capital campaign public support |
( 12,546,749 ) |
( 25,124,872 ) |
||
Change in Accounts receivable |
( 782,712 ) |
( 112,036 ) |
||
Inventories |
1,650,934 |
( 519,978 ) |
||
Prepaid expenses and other assets |
87,839 |
( 1,982 ) |
||
Accounts payable and accured expenses |
( 6,811 ) |
( 570,701 ) |
||
Deferred rent |
( 81,908 ) |
40,239 |
||
Investing Activities Proceeds from dispostion of property and equipment |
— |
20,9555 |
|
Purchase of property and equipment |
` |
( 735,474 ) |
( 5,593,286 ) |
Proceeds from sale of investments |
2,521,295 |
1,694,525 |
|
Purchase of investments |
( 2,475,517 ) |
( 6,546,990 ) |
Financing Activities Proceeds from capital campaign contributions restricted for strategic plan |
9,466,066 |
7,003,109 |
|
Proceeds from issuance of notes payable to bank |
` |
1,250,000 |
6,949,857 |
Principal payments on notes payable to bank |
( 8,100,000 ) |
( 2,875,000 ) |
Increase in Cash and Cash Equivalents |
1,065,648 |
1,001,498 |
|
Cash and Cash Equivalents , Beginning of Year |
1,504,983 |
503,485 |
|
Cash and Cash Equivalents , End of Year |
$ |
2,570,631 |
1,504,983 |
Supplemental Cash Flow Information Interest paid |
$ |
92,225 |
98,775 |
Noncash Activity |
` |
||
Donated food received |
$ |
97,326,405 |
102,522,742 |
Donated food distributed |
$ |
98,776,324 |
101,721,202 |