Helping Hand

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Nonprofit Food Bank Business Plan

Organization Summary

Helping Hand is a food bank serving Johnson County, Washington. The program's focus is to identify and utilize resources for food in the county in order to eliminate hunger among low-income individuals and families in the area.

The program performs the following:

  1. Solicits and distributes food to community programs.
  2. Operates a youth farm program for "at-risk" young people.

2.1 Start-up Summary

Helping Hand's start-up cost is $200,000.  A significant portion of the cost is donated trucks and collection vehicles for food, as well as a storage facility.  The remainder are the expenses normally associated with opening an office.  The program is funded by contributions from ten corporate sponsors, a grant from a private philanthropic trust, and Johnson County. The assumptions are shown in the following table and chart.

Start-up Funding
Start-up Expenses to Fund $124,000
Start-up Assets to Fund $76,000
Total Funding Required $200,000
Assets
Non-cash Assets from Start-up $7,000
Cash Requirements from Start-up $69,000
Additional Cash Raised $0
Cash Balance on Starting Date $69,000
Total Assets $76,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Corporate Sponsorship $100,000
Philanthropic Trust $50,000
Jefferson County $50,000
Additional Investment Requirement $0
Total Planned Investment $200,000
Loss at Start-up (Start-up Expenses) ($124,000)
Total Capital $76,000
Total Capital and Liabilities $76,000
Total Funding $200,000
Start-up
Requirements
Start-up Expenses
Legal $700
Stationery etc. $500
Brochures $800
Food Collection Supplies $10,000
Insurance $1,000
Rent $1,000
Trucks and Vehicles $50,000
Warehouse Equipment $40,000
Harvesting/Farm Equipment $20,000
Total Start-up Expenses $124,000
Start-up Assets
Cash Required $69,000
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $7,000
Total Assets $76,000
Total Requirements $200,000

Helping Hand is a Washington nonprofit corporation.