Blank Park Zoo Foundation - Happy Holidays from Blank Park Zoo

$400,000The amount theZoo’s net income haspositively increasedover the past threeyears.24%Increase inmembership revenues.26%Increase in operatingincome (vendingmachines, admissions,etc.).Fiscal Year 2005-06 SummaryFiscal Year2003-042004-052005-06IncomeExpensesIncomeExpensesIncomeExpensesIncome vs ExpenseAnnual Comparison$3,072,802$3,431,526$3,557,084$3,722,798$3,825,197$3,805,092On July 1, 2003 the City of Des Moines and the BlankPark Zoo Foundation entered into a 28E agreement tohave the Foundation assume operating responsibilities.The Zoo’s income has consistently increased over thepast three years.Net Operating IncomeAnnual ComparisonFiscal Year 2003-04 2004-05 2005-06- 358,724- 165,714When the foundation assumed operating responsibilityover three years ago, the Zoo’s net operating incomeshowed a loss of nearly half a million dollars. At the endof Fiscal Year 2005-06 a positive net swing of $400,000brought the total net income to $20,105.“We want to be the fiscal model of how a nonprofit should be run.”20,105- Rusty Goode, Chair Blank Park Zoo Foundation31%Increase in overallincome.Fiscal Year2003-04Endowment FundAnnual Comparison$3,617,349Programs 80.3%ExpenseBreakdownAdministrative 14.3%Fundraising 5.3%97¢of every dollar raisedis used for animal,education andconservation programs.2004-052005-06$8,856,470$11,451,880The creation of the endowment fund has proven itself ahuge asset to the Zoo’s ability to reduce its dependanceon tax support.For every dollar raised, all but 3¢ is used for animal care,conservation efforts and other programs that directlysupport the Zoo’s mission.Charity Navigator® gives Blank Park Zoo a fourstarefficiency rating, the highest possible.“A major goal of the foundation is to reduce ourdependence on tax support. One way to do this is tofind support from the residents of Iowa.”- Scott Ivers, Treasurer Blank Park Zoo Foundation14