2006 Annual Report - Second Harvest Heartland

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From the Board Chair and Executive Director Greetings to you from the Board and Staff of Second Harvest Heartland! On October 1, 2001 the Greater Minneapolis and St. Paul Food Banks merged to form Second Harvest Heartland. On that date in 2006, we celebrated the fi fth anniversary of what became the 7th largest food bank in the U.S. During the past fi ve years, Second Harvest Heartland has distributed more than 125 million pounds of food and household products. We were able to distribute this staggering amount only through the combined efforts of thousands of dedicated fi nancial supporters, product donors and the tireless efforts of volunteers, member agencies, Second Harvest Heartland staff and additional partners in the fi ght against hunger. Second Harvest Heartland is presently more focused, stronger fi nancially and better-positioned to carry out our mission than ever before. And yet, coexisting with these organizational strengths and accomplishments is an endemic and rapidly-rising incidence of hunger among our Heartland neighbors. Senior citizens, fi nancially and physically independent through decades of contributions to our society, now fi nd their livelihood threatened by not having the monthly income for proper nutrition. Rapidly increasing numbers of low-income working families are being forced to downsize portions, water down recipes and often skip meals completely to save enough money to pay bills. Hungry children fi dget in classrooms and watch the clock eagerly for school lunch — the only decent meal of the day. Here in America. Here in the Heartland. Here in your community. Confronting these sobering realities, Second Harvest Heartland’s Board this year adopted a stronger mission. It moves us from fi ghting hunger through community partnerships to ending hunger through community partnerships. Though just a change of one word, imagine the world of difference the realization of that vision would mean to those wearing the face of hunger. We at Second Harvest Heartland feel the attainment of this bold goal is entirely possible. We have calculated the gap between the amount of food we distribute and the amount we estimate would be needed to provide access to all those who need hunger relief in our service area. We are now working on the details of a plan involving oneyear, fi ve-year and long-term strategies and tactics that will systematically reduce, and eventually eliminate this gap. Second Harvest Heartland has the resolve; we will provide the planning and execution with your ongoing support of this vision and our mission. Working together with our valued partners, we are effectively putting hunger on the “endangered” list. With extinction soon to follow. Please accept our heartfelt thanks for your support this year and into the future. Sincerely, Grant K. Wacker R. Jane Brown Board Chair Executive Director 2 Second Harvest Heartland
Financial Statements Revenue Food Donations - In Kind $ 30,799,621 Food Donations - processed as agent 8,565,622 Other Revenue 8,308,320 Total Revenue $ 47,673,563 Assets: Current Assets Cash and cash equivalents $ 1,139,969 Investments 1,236,347 Accounts Receivable: Trade 372,052 Grants 166,446 Other 10,258 Inventory 4,316,879 Prepaid Expenses 11,285 Total Current Assets $ 7,253,236 Land, buildings and equipment net 4,056,888 Other assets 16,434 Total Assets $ 11,326,558 Second Harvest Heartland Joining Forces to End Hunger Expenses Food Distribution $ 41,151,312 Operating Expenses 6,583,753 Total Expenses $ 47,735,065 Program Expenses Product Distributions (lbs) Food Bank $ 39,101,695 23,515,964 CSFP 3,027,575 4,575,597 Twelve Baskets 3,104,961 1,741,352 Kitchen of Opportunity 48,877 Child Hunger 102,624 Agency Relations 208,563 Senior Program 82,999 Admin 1,547,532 Fund Raising 510,239 . $ 47,735,065 29,832,913 Liabilities and Net Assets: Current Liabilities Accounts Payable $ 288,286 Current maturities of long-term debt 293,401 Fiscal agent payable 364,645 Accrued expenses 176,757 Total current liabilities $ 1,123,089 Long Term debt, net of current portion 2,396,699 Total Liabilities $ 3,519,788 Net Assets Unrestricted Operations 3,481,598 Food Bank 4,316,879 Temporarily restricted 8,293 Total Net Assets 7,806,770 Total liabilities and net assets $ 11,326,558 Program Expense, 96% Program Expense, 96% Program Expense, 96% General & Administration Expense, General 3% & Administration General & Administration Fundraising Expense, Expense, Expense, 3% 3% 1% Fundraising Expense, 1% Fundraising Expense, 1% 96% of all Second Harvest Heartland revenues are applied directly to programs. 2006 Board of Directors Grant Wacker, Chair Wells Fargo Bank Regenia Davis, Vice Chair Blue Cross/Blue Shield Tim Malecha, Treasurer LarsonAllen Mike Banks Ramsey County Human Services Bonnie Bassett Land O’Lakes Jeff Bradley General Mills Robert Gifford Ecolab Michael Griffi n Pax Christi Catholic Church Russ Kaegebein Sodexho USA Bea Krinke University of Minnesota, School of Public Health Bill Miller Community Volunteer Mary Pat Raimondi The Milestone Group Monica Schierbaum SuperValu Jaye M. Snyder Community Volunteer Rachna Sullivan Rider Bennett, LLP John Wheeler Mall of America 2006 Annual Report 3
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Page 11 and 12: Individual and Family Donors of $25

2006 Annual Report - Second Harvest Heartland

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