According to the City Harvest audit of June 30, 2020 (Note 7, In-Kind Contributions), City Harvest received approximately 78.5 million pounds of donated food on which it placed a total value of $131,989,473 during fiscal 2020. In addition, City Harvest received donated in-kind services and supplies in fiscal 2020 on which it placed a total value of $2,522,626, including $2,238,379 in "donated advertising services for public service announcements."
[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the City Harvest audit of June 30, 2020 (Note 1 re: Nature of Activities):
"This year, City Harvest has launched a $60 million capital campaign to fund the renovation of and move to City Harvest's new headquarters in Sunset Park, Brooklyn. This new location will allow City Harvest to unite its operational, programmatic and administrative staffs in one space. It will position City Harvest to work more efficiently, and rescue and deliver, free of charge, a greater volume of food to meet the need for food assistance that existed in New York City before COVID-19 and has grown dramatically following the pandemic and resulting economic crisis."
According to the City Harvest audit of June 30, 2020 (Note 12, Subsequent Events):
"City Harvest evaluated its June 30, 2020 financial statements for subsequent events through November 10, 2020, the date the financial statements were available to be issued...
"The COVID-19 pandemic, whose effects first became known in January 2020, is having a broad and negative impact on commerce and financial markets around the world. The extent of the impact of COVID-19 on City Harvest's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and its impact on its donors, employees and vendors, all of which at present cannot be determined. Accordingly, the extent to which COVID-19 may impact City Harvest's financial position and changes in net assets and cash flows is uncertain and the accompanying [audited] financial statements include no adjustments relating to the effects of this pandemic."
According to the City Harvest tax filing for the fiscal year ended June 30, 2020, City Harvest reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):
Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a):
"Senior Organization Specialist, Kate MacKenzie, received a severance payment of $60,000 in calendar year 2019; this amount has been reported in Schedule J, Part II Column B(iii) ['Other reportable compensation']."
The reported total compensation for Kate MacKenzie in calendar year 2019 is $193,132 (IRS Form 990, Schedule J, Part II).
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):
"City Harvest offers its employees a non-fixed discretionary bonus if certain performance metrics are met: a revenue goal metric and a 'pounds-rescued' metric. If those metrics are met, the CEO, Ms. Stephens, makes recommendations to the executive committee of the board of the bonuses that should be awarded. The executive committee has the discretion to make adjustments to those bonuses as needed."
City Harvest reports "Bonus & incentive compensation" payments to six individuals in calendar year 2019. Three individuals received $35,000 each:
(1) Gregory Boroff, Chief External Relations Officer, with reported total compensation of $356,343.
(2) Jennifer McLean, COO, with reported total compensation of $342,018.
(3) Renee Richardson, CFAO, with reported total compensation of $331,236.
The remaining "Bonus & incentive compensation" payments were $13,000, received by two individuals, and $3,500 received by one individual. The reported total compensation in calendar year 2019 for those three individuals ranges from $206,732 to $154,216 (IRS Form 990, Schedule J, Part II).