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Second Harvest Heartland Joining Forces to End Hunger

Revenue Food Donations - In Kind Food Donations -

$ 30,799,621

processed as agent Other Revenue Total Revenue

8,565,622 8,308,320 $ 47,673,563

Expenses

Food Distribution

$ 41,151,312

Operating Expenses

6,583,753

Total Expenses

$ 47,735,065

Financial Statements

2006 Board of Directors

Grant Wacker, Chair ells Fargo Bank

Regenia Davis, Vice Chair Blue Cross/Blue Shield

Tim Malecha, Treasurer LarsonAllen

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

Mike Banks Ramsey County Human Services

Bonnie Bassett Land O’Lakes

Jeff Bradley General Mills

Robert Gifford Ecolab

Michael Griffin Pax Christi Catholic Church

Assets: Current Assets Cash and cash equivalents Investments Accounts Receivable: Trade Grants Other Inventory Prepaid Expenses Total Current Assets Land, buildings and equipment net Other assets Total Assets

long-term debt

293,401

372,052

Fiscal agent payable

364,645

166,446

Accrued expenses

176,757

10,258

Total current liabilities

$ 1,123,089

4,316,879

Long Term debt, net of

11,285 $ 7,253,236

current portion Total Liabilities Net Assets Unrestricted Operations Food Bank Temporarily restricted Total Net Assets Total liabilities and net assets

2,396,699 $ 3,519,788

4,056,888 16,434 $ 11,326,558

3,481,598 4,316,879 8,293 7,806,770 $ 11,326,558

$ 1,139,969 1,236,347

Liabilities and Net Assets: Current Liabilities

Accounts Payable Current maturities of

$ 288,286

Russ Kaegebein Sodexho USA

Bea Krinke University of Minnesota, School of Public Health

Bill Miller Community olunteer

Mary Pat Raimondi The Milestone Group

Monica Schierbaum Super alu

Jaye M. Snyder Community olunteer

Rachna Sullivan Rider Bennett, LLP

Program Expense, 96%

John Wheeler Mall of America

General & Administration Expense, 3%

Fundraising Expense, 1%

96% of all Second Harvest Heartland revenues are applied directly to programs.

2006 Annual Report

3

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