Food & Fund Drive - Harvesters

STATEMENT OF ACTIVITIES
Unrestricted
HARVESTERS—THE COMMUNITY FOOD NETWORK
Year ended Year ended
June 30, 2011 June 30, 2010
Total Contributed Temporary Permanently
Food Bank Food Restricted Restricted Total Total
OPERATING SUPPORT
AND REVENUE
Contributions received $ 10,605,818 $ — $ 661,057 $ — $ 11,266,875 $ 9 ,639,645
Contributed food received — 59,575,813 — — 59,575,813 51,573,285
Handling fees and other revenues 1,020,881 — — — 1,020,881 1,010,452
Investment income 144,551 — — — 144,551 77,958
Special events 484,607 — — — 484,607 364,187
Net assets released from
restriction – operating 1,997,458 — (1,997,458) — — —
EXPENSES
TOTAL OPERATING
SUPPORT AND REVENUE 14,253,315 59,575,813 (1,336,401) — 72,492,727 62,665,527
Foodbank program 11,222,840 — — — 11,222,840 9,736,790
Contributed food distributed — 58,992,287 — — 58,992,287 52,432,691
Management and general 832,061 — — — 832,061 691,650
Fund development 1,270,991 — — — 1,270,991 1,057,251
TOTAL EXPENSES 13,325,892 58,992,287 — — 72,318,179 63,918,382
CHANGES IN NET ASSETS
FROM OPERATIONS, BEFORE
CAPITAL CAMPAIGN ACTIVITY,
DERIVATIVE, TANF GRANT,
DEPRECIATION AND LOSS
ON DISPOSAL OF ASSETS 927,423 583,526 (1,336,401) — 174,548 (1,252,855)
OTHER REVENUE (EXPENSE)
Capital campaign revenue (1,629) — — — (1,629) 149,770
Capital restricted revenue 421,177 — — — 421,177 630,000
Net assets released from
restrictions – capital campaign 59,600 — (59,600) — — —
Change in value of derivative 9,115 — — — 9,115 (43,999)
Nonrecurring TANF grant 4,234,562 — — — 4,234,562 —
Depreciation expense (898,973) — — — (898,973) (830,296)
Loss on disposal of assets (965) — — — (965) —
TOTAL OTHER REVENUE
(EXPENSE) 3,822,887 — (59,600) — 3,763,287 (94,525)
CHANGES IN NET ASSETS 4,750,310 583,526 (1,396,001) — 3,937,835 (1,347,380)
NET ASSETS, BEGINNING OF YEAR 12,194,558 3,121,694 2,222,510 239,500 17,778,262 19,125,642
NET ASSETS, END OF YEAR $ 16,944,868 $ 3,705,220 $ 826,509 $ 239,500 $ 21,716,097 $ 17,778,262