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 Expenses to Fund||$124,000|
|Start-up Assets to Fund||$76,000|
|Total Funding Required||$200,000|
|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|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$200,000|
|Loss at Start-up (Start-up Expenses)||($124,000)|
|Total Capital and Liabilities||$76,000|
|Food Collection Supplies||$10,000|
|Trucks and Vehicles||$50,000|
|Total Start-up Expenses||$124,000|
|Other Current Assets||$0|
2.2 Legal Entity
Helping Hand is a Washington nonprofit corporation.