Helping Hand
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:
- Solicits and distributes food to community programs.
- 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 |
2.2 Legal Entity
Helping Hand is a Washington nonprofit corporation.
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