California Ag Leadership Foundation 2010-2011 Annual Report
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Transcript of California Ag Leadership Foundation 2010-2011 Annual Report
A Year of Discovery and Growth
| ANNUAL REPORT 2010-2011 |
| CHAIR MESSAGE |
I am pleased to present to you the 2010-2011 annual report.
I am extremely proud to represent Ag Leadership, and I hope that my enthusiasm is contagious. During Class 41’s inauguration, I told the audience that Ag Leadership changed my life and, more importantly, the lives of those around me. It challenged me, and consequently, I want to enable others to be the best they can be.
I am humbled by the opportunity to serve as the chair for CALF. I once asked my dad, “To what do you attribute your success?” His answer was quick and succinct: “Surround yourself with people smarter than you!” As I look at our board, the competent staff, our CEO, Alumni Council and Education
Team, I can see that I am following the advice from the previous generation! We have made significant progress throughout the last two years and our trajectory is set to an upward position.
One of the highlights of the year was participating in the formal review of program content in September 2010. It was remarkable to see dozens of industry leaders come together to support Ag Leadership. We are challenging ourselves. Is the program fulfilling the needs of a diverse agricultural industry? We want the program to be relevant to today’s issues and society. Our goal is a program that will continue to thrive for another 40 years.
Demand for skilled, active, proactive and visionary leaders who will address complex issues that affect agriculture, our communities, our business and organization will be ongoing. Ag Leadership is helping to meet the demand. Our fellows and graduates – growers, farmers, ranchers and individuals working in allied businesses – are part of an influential network that
serves to keep farming and ranching a viable and important part of our state’s economy.
It would be difficult to quantify all of the past and present volunteer endeavors in which our graduates are involved. I’m sure that if we created a list, it would be several hundred pages long. They are serving on boards, committees, councils and commissions. They are making a difference in our industry and communities.
Every year, we are able to effectively train emerging leaders because of our supporters – alumni, friends, the agricultural industry stakeholders and others. Despite difficult financial times, they still come through with support. Thank you for your contributions and your consistent dedication.
Finally, I want to recognize our outstanding team members for their hard work: Bob Gray, fellow board members, Alumni Council, staff, core faculty members, and partner universities and their deans.
We grow leaders who make a difference.
Best regards,
Loren BoothClass 27
an enthusiastic “hello!”//////////////////////////////////////////////////////////////////////////////////////////////////////////////
CALF Annual Report 2010-2011
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//////////////////////////////////////////////////////////////////////////////////////////////////////////////
Board of Directors2010-2011
Loren Booth, ChairBooth Ranches LLC
Jeff Elder, Vice-ChairJ.G. Boswell Company
Mary-Ann Warmerdam, Secretary/TreasurerCalifornia Department of Pesticide Regulation
John ColbertGreenleaf Farms, Inc.
David W. KrauseParamount Citrus Association
Christopher C. NelsonMIXTEC Group
Rod StarkValley Small Business Development Corporation
Pierre Y. TadaGranite Peak Partners
Dr. Neal Van AlfenUniversity of California, Davis
Deanna van KlaverenGeneration Growers, Inc.
Rob C. Yraceburu Wells Fargo Bank
Core Faculty Members
Dr. Michael ThomasCalifornia State University, Fresno
Dr. Peggy Sears PerryCalifornia State Polytechnic University, Pomona
Dr. Robert FloresCalifornia Polytechnic State University, San Luis Obispo
Dr. Annie KingUniversity of California, Davis
University Deans
Dr. Charles BoyerCalifornia State University, Fresno
Dr. Lester YoungCalifornia State Polytechnic University, Pomona
Dr. David WehnerCalifornia Polytechnic State University, San Luis Obispo
Dr. Neal Van AlfenUniversity of California, Davis
| CALF LEADERSHIP |
CALF Annual Report 2010-2011
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| CALF & CALP | //////////////////////////////////////////////////////////////////////////////////////////////////////////////CALF: highlights of the 2010-2011 fiscal year By Bob Gray
President and CEO
The year began with a flurry of activity focused on program content and delivery, and on the long-term financial health and stability of the foundation that supports it.
In August 2010, Dr. Charlie Crabb and Dr. Michael Thomas exchanged roles and became program advisor and director of education, respectively. Supporting this move were the College of Agriculture deans from our four partner universities that help deliver the program.
In September, a formal program review was conducted over two days. Participants included stakeholders from two broad groups of emerging leaders and industry leaders (a younger and an older cohort, consisting of program alumni and non-alumni), as well as the Education Team and a peer institution observer (the dean of the University of Arizona’s College of Agriculture and Life Sciences). They all exchanged views in separately facilitated sessions and then in general session. From that exercise, some 15 items were addressed by the Education Team for the balance of the fiscal year.
From July to September, a professional philanthropic advisory firm conducted a feasibility study to determine the appetite in the stakeholder community for a capital campaign. Such campaign would create financial stability, a measure of independence from our reliance on a few generous legacy donors, and a sustainable future. Survey results were encouraging. The restricted fund group benefitted from a generous
endowment gift and a positive market performance during the year to increase by over $1.8 million dollars (or 48% versus the prior year). We strengthened the balance sheet and grew the bottom line.
Following the board’s decision in FY2010 to undergo a thorough “governance tune-up” – conducted pro bono by Stanford Law School – and rewrite its bylaws and update its policies, the Alumni Council embarked on a similar journey. It resulted in a much different, but very transparent nomination and election procedure that was inclusive, deliberate and open. As a result, many new faces joined the Alumni Council. After a transition year, the leadership would be selected by and from those who were elected, not via a separate electoral process.
Events continued to evolve and make major contributions. The Agricultural and Government Leaders Reception was reenergized by an alumni committee that recreated its original purpose – and landed the governor as the impromptu keynote speaker.
In April 2011, a social and networking All Class Reunion was launched with great enthusiasm and energy. Board Chair Loren Booth (27) was very much the inspiration behind the event and is to be thanked for the generous donation of her ranch property and for event management and support from various Booth Ranches vendors.
As the program review evolved into an action plan over the winter, the Core Faculty realized that they could benefit from certain expert and focused curriculum advice from a leadership professional. With the foundation’s support, Dr. Pat Lattore
returned as curriculum advisor, teacher and coach. He made an initial presentation about leadership as influence at the All Class Reunion. This was followed up over the summer with intense working sessions with the Core Faculty focusing on curriculum.
To assist the development effort and consistent with the plans for a sustainable future and a proposed endowment campaign, CALF hired Rick Vorpe, a 21-year veteran of the UC Davis development office, as director of development in May 2011. To help perpetuate and better secure the financial future, we instituted “unitized accounting” within the restricted fund group (the endowment funds) within our bank’s trust and custody department, to insure continuity of accounts in the event of changes in personnel, foundation or board leadership, or other events.
Communication efforts continued to improve, with two feature articles on Ag Leadership in major trade association and regional magazines (at no cost to CALF). In May, Horizons magazine won a media award and our new website went live to much acclaim.
Perhaps most importantly, we increased the number of program applicants to a 10-year high in 2011! The changes in the program and the foundation are being noticed, we are getting better and stronger every day, and people want to participate in a good thing.
Without our many private donors and contributors – we receive no public money – none of this would have happened. Thank you all for making this possible.
CALF Annual Report 2010-2011
4
For the Education Team, the 2010-2011 year was one of analysis, review and improvement. Several priorities, for both content improvements and process changes, were identified in the formal review of the program in September 2010. Following that meeting, a main task for the Education Team was to implement the enhancements that were identified and prepare a plan to review every aspect of the program. Our objective was to streamline the program using new communication tools to meet the needs of the current Ag Leadership fellow.
While making substantial improvements, our responsibility was to keep the integrity of a high-impact program that had worked well for many years. Based on the input from alumni, industry leaders and others, we had the task of making the program more relevant for the current generation of leaders without losing the vision of the program founders. We needed to make positive changes while keeping the important topic areas that had made this program successful.Among the content changes, we added mentoring, coaching and teamwork as three important program enhancements that would produce concrete and visible outcomes. We also enlisted a leadership theory specialist as one of our faculty presenters, to give fellows the foundational leadership theory background, and a conflict resolution specialist, who would educate fellows about
the basic theory of conflict resolution illustrated by real-world examples. The remaining content areas would include some additional practical business skills needed by leaders today.
The organizational change started in June 2011 with a strategic planning meeting that included the Education Team, Bob Gray, Dr. Pat Lattore and Tess Cox. Dr. Lattore guided us through a zero-sum planning process, where we started from nothing and built the curriculum from the ground up. Fortunately, at the end of that exercise, a curriculum with the familiar challenges of the great Ag Leadership experience still remained. The program was condensed, focused and modernized – but it still had a familiar feel. The result of our focused efforts was a revised curriculum – slightly shorter, more focused on the individual fellow, and modernized to fit the adult learner of today. We maintained the emphasis of Ag Leadership’s core values and experiences (including the national and international travel seminars) and included improvements in core value competencies such as synthesis, public speaking and experiential learning. We plan for improvements in engaging employers
and alumni. More frequent visits by alumni and Alumni Council are now regularly built into seminar agendas.
Individual coaching is the most significant new aspect of the program. Coaching will involve working with Dr. Lattore and Tess Cox as they demonstrate how this process can be implemented. They helped us run this program with Class 42 fellows during their first year. Core faculty will need professional development training in evaluative personality and preference instruments like the MBTI (Myers-Briggs Type Indicator), but including additional instruments such as TKI (Thomas-Kilmann Conflict Mode Instrument), CPI 260 (California Psychological Inventory assessments) and the 360 Review.
striving for excellenceAnalysis, Review and Improvement
By Dr. Michael ThomasDirector of Education
////////////////////////////////////////////////////////////////////////////////////////////////////////////// | CALF & CALP |
Education Team MembersDr. Peggy Sears PerryDr. Robert FloresDr. Annie KingDr. Michael Thomas Dr. Charlie Crabb Leslie Leavens-Crowe (34) Sue DiTomaso (32)
CALF Annual Report 2010-2011
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| CLASS 40 | //////////////////////////////////////////////////////////////////////////////////////////////////////////////
Chris AmbleRandy AsadoorKarm BainsYissel BarajasJaime BayonaScott BeylikJeff BoldtMissy Borel
Melissa DuflockKyle GoehringBill HammondMica HeilmannErik JertbergMatt JonesKandi ManhartJim Peterson
Doug PhillipsMike PoindexterSarah ReynoldsMike RichardsonJim ShattuckDan Sutton Melissa Varcak David Warter
Class 40 FellowsInauguration: November 2009 | Graduation: June 2011
CALF Annual Report 2010-2011
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| CLASS 40 |
At a time when the Middle East was in turmoil, Class 40 fellows traveled to Turkey and Israel for their international travel seminar. It was an incredible opportunity for them to increase their awareness of this historical part of the world. The cultural, political and historical leadership experiences of the trip would undoubtedly have an impact on their personal and professional lives.
Important Issues — In Turkey, officials from the U.S. Embassy and U.S. Consulate provided fellows with a deeper understanding of significant issues and diverse cultures in the country. The World Wild-life Fund of Turkey discussed natural resources and conserva-tion, while the DSI (State Water Works for Turkey) discussed the construction and importance of the Ataturk Dam. Fellows learned about the economic, social and cultural objectives and impacts associated with the GAP proj-ect, a multi-sector project that includes ag, transportation, health, tourism, and social equity programs. In Israel, personnel from the U.S. Embassy and U.S. Consulate briefed fellows about
economics and politics, as well as relations between neighboring countries and with the United States. Netafim and Israel’s na-tional water company focused on irrigation and water systems.
The People — Fellows found common ground with people halfway across the world. They visited with students and profes-sors at the University of Gazian-tep. During dinner with Kurdish businessmen, they discussed eco tourism, California agriculture, the European Union, social and cultural issues, and U.S. invest-ment opportunities in Turkey. Fellows also learned more about different lifestyles while staying at a kibbutz, visiting with Bed-ouin tribe members and talking with a community of farmers.
Unique Places — The power of the past was palpable as fel-lows toured the historic sites of Istanbul, the ancient city of Harran and the archaeological site Göbekli Tepe in Turkey, as well as the Masada, Holocaust History Museum, Old City of Je-rusalem, Bethlehem, Jericho and Nazareth in Israel.
//////////////////////////////////////////////////////////////////////////////////////////////////////////////Class 40 International Travel SeminarTurkey and Israel February 2011
CALF Annual Report 2010-2011
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| CLASS 41 | //////////////////////////////////////////////////////////////////////////////////////////////////////////////
Rick BurnesAli Elhassan Matthew FisherJuan GuzmanCesar HernandezChristine IvorySteve Knudsen
Matt LohseStuart MastJoey Mendonca Breanna Owens Vernon PetersonDan RodriguesDavid Shabazian
Elisabeth SilvaTodd SniderJorge SuarezStephanie TillmanMatt Toste
Class 41 FellowsInauguration: November 2010 | Graduation: June 2012
CALF Annual Report 2010-2011
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| CLASS 41 |
During the national travel seminar, Class 41 fellows had 11 days of exposure to multi-dimensional topics. Meetings with top-level government, business and community leaders provided a valuable extension to the study of state and national issues during the first year of the program.
National Issues —The nation’s capital featured a full schedule of thought-provoking briefings on national issues. Part of the fellows’ educational and leadership experiences were meetings with several congressional representatives and staffers, USDA staff, The Humane Society of the United States, Brookings Institute, and the White House Council on Environmental Quality.
Gettysburg and Leadership — Dr. Stephen Randolph educated the fellows about leadership success and failure lessons during a visit to the Gettysburg National Military Park. He exposed them to leadership principles, different decision-
making styles, decision-making under pressure, organizational design issues, ego and emotion, strategic thinking, communication and intelligence. Fellows learned the importance of effective communication and being open to different perspectives in making strategic and tactical decisions.
Contentious State Issues — Fellows gained valuable insight into the contentious topics of illegal immigration and border security, and how they have an impact on the state, its citizens and the agricultural industry. One of the goals was to help the class recognize that leadership is about being able to examine an issue from several perspectives. The fellows met with various individuals who weighed in with their views on the issues: Arizona legislators, ag industry representatives, family farmers and ranchers, a county sheriff, members of the Tohono O’odhman Nation, border patrol officers and local business owners.
//////////////////////////////////////////////////////////////////////////////////////////////////////////////Class 41 National Travel SeminarWashington, D.C. and Arizona March 2011
CALF Annual Report 2010-2011
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| ALUMNI COUNCIL | //////////////////////////////////////////////////////////////////////////////////////////////////////////////
EXECUTIVE COMMITTEEMike Young, Chair
Phil Waddell, Vice Chair
Holly Dawley, Secretary/Finance
Deanna van Klaveren, Past Chair
REGIONAL DIRECTORSREGION 1: Holly DawleyREGION 2: John AzevedoREGION 3: Mary Kimball, Sue DiTomasoREGION 4: Robin FlournoyREGION 5: Darlene DinREGION 6: Nomie Kautz, Gail GrayREGION 7: Lino Bozzano, Todd CollinsREGION 8: Marcia Wolfe, Rob GeisREGION 9: Leslie Leavens-Crowe, Art BlissREGION 10: vacant
One of its first efforts was a name change. At a September 2010 meeting, the Fellows Council changed its name to the California Ag Leadership Alumni Council, as the directors felt this was a more accurate description. Following that meeting, the Alumni Council began to implement many positive changes in an effort to enhance alumni activities, the foundation and the class experiences.
In early 2011, the Alumni Council completed a process of significantly revising the “policies and procedures” document that governs its affairs – with the goal being a more transparent and inclusive organization. It resulted in a major change in the way the council generates nominations, conducts elections, and selects its leadership. This new process was followed during spring/summer 2011 and resulted in a new Alumni Council with renewed excitement for Ag Leadership.
The Alumni Council also began reevaluating the role of the annual conference and how to shape the event to satisfy different needs. Some alumni wanted a mostly informal and social event that would serve as a reconnection and networking event, while others wanted an educational conference with serious content that would be similar to an Ag Leadership seminar experience. While the annual conference was on hiatus, the Alumni Council hosted the first ever All Class Reunion.
Alumni Council Leadership 2010-2011
A Spirit of Alumni RevitalizationAs the foundation and the Ag Leadership Program were experiencing
transformation, so too was the alumni group. For the organization to
stay strong, it needed fresh ideas and renewed enthusiasm.
CALF Annual Report 2010-2011
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| ALUMNI COUNCIL | //////////////////////////////////////////////////////////////////////////////////////////////////////////////Alumni Council Events and Activities
JULY/AUGUST 2010• Washington, D.C. Educational
Fellowship Program (D.C. Exchange), Regions 9 and 10
SEPTEMBER• 20th annual Region 9 Golf
Tournament, Camarillo (raised $35,000 for CALF)
NOVEMBER• 21st annual Dean Brown Golf
Tournament, Santa Maria (raised $35,000 for CALF)
• Alumni-hosted reception at Class 41 inauguration
JANUARY 2011• 8th annual Agricultural and
Government Leaders Reception, Sacramento
FEBRUARY• 9th annual Colusa Farm Show
Breakfast (raised $12,300 for CALF)
• 17th annual Ag Leadership Alumni World Ag Expo Breakfast (raised $78,500 for CALF)
• Region 1 recruitment event, Montna Farms, Yuba City
MARCH• D.C. Exchange selection
committee travels to D.C. to interview candidates.
• Region 6 recruitment event, Sun Maid Growers of California, Kingsburg
APRIL• All Class Reunion, Booth
Ranches, Minkler• Region 10 recruitment event,
home of Tony and Sue Godfrey, Fallbrook
• Region 2 recruitment event, Kendall Jackson Wine Center, Fulton
MAY• Talley Vineyards BBQ and
Region 7 recruitment event, Arroyo Grande
• Region 3 wine workshop / alumni reception and dinner / Class 40 presentation, UC Davis
JUNE• Region 6 Alumni Golf
Tournament, Madera (raised $13,400 for CALF)
D.C. EXCHANGEThis highly praised program is a unique way for federal agency officials to travel far beyond the Washington Beltway to see California agriculture up close. The 19 fellows started the weeklong program in San Diego County, and then traveled to Imperial Valley, Riverside, and Ventura County. They were exposed to current issues and challenges affecting the state’s agricultural industry – including water, pests, inspection and surveillance, labor, food safety, border protection and regulations. Fellows also saw and
learned about innovative and high-tech farming practices. Perhaps most beneficial were the one-on-one talks and discussions that they engaged in with farmers, ranchers and other industry representatives.
“You are what makes America great and what makes America what it is. You are the risk takers, the entrepreneurs, and the salt of the earth. You made me realize why I need to do my job better and why food and feeding America is vital to keeping our country great.” –Chris Church, USDA
“The issues and problems people face are so unique. It’s really been a wonderful experience being able to better understand the complexity of issues and to hear firsthand from growers what issues they have.” –Mary Jane Whitney, USDA
ALL CLASS REUNIONThe Alumni Council hosted its first ever All Class Reunion in April 2011. Nearly 250 people attended the weekend reunion, held at a beautiful 300-acre ranch in the eastern Fresno County town of Minkler – courtesy of Loren Booth (27). It was a terrific country-style outdoor event featuring delicious food, a chili cook-off, camping, dancing and other fun activities. The ranch was a special and welcome setting for alumni, family members and friends to come together.
The Alumni Council organizes and hosts a variety of social and fundraising events
and educational programs in different regions of the state during the year. Alumni
volunteerism and leadership is essential to the success of these activities.
CALF Annual Report 2010-2011
11
| TESTIMONIALS | //////////////////////////////////////////////////////////////////////////////////////////////////////////////Reflections on Ag LeadershipQuotes excerpted from articles featured in Horizons magazine (2010-2011)
“For me, Ag Leadership was an opportunity to delve into my values, expand my horizons, develop
networks, and view things from a truly global perspective. It also led me to the position I have held for the last 20 years at the Lodi Winegrape
Commission. Through all program activities we learned that leadership is about making a
difference. It requires that we first choose to make a difference, and then take action on that decision.
“What we have seen in the Lodi wine region shows what can be accomplished when clusters of Ag Leadership graduates set their minds and
their resources on change. Lodi had long been underappreciated for the quality of its grapes
and wines, and growers were set on changing the reputation of the area. A successful referendum
campaign headed by a powerful pack of Ag Leadership graduates led to the establishment of
the Lodi Winegrape Commission in 1991. Together we have created industry-leading programs in
marketing and research, and conduct the leading sustainable viticulture program in the nation,
arguably the world. The Lodi wine industry, and the entire local economy, has benefited immensely due to the combined efforts of some dedicated Ag Leadership alumni. We have made a difference.”
“I gained a lot from the program. Ag Leadership was a great learning experience. I truly enjoyed the sessions and interaction with all of the people involved.”
“Ag Leadership was amazing and I can’t say enough good things about it. The education is
invaluable. It gives you a broad view of the world. It takes you out of your normal element and
exposes you to things that you would’ve never been exposed to. Having that depth can affect you and make you a better person because you can relate
more to things going on in the world.”
“In some respects it (Ag Leadership) was more of a liberal education that broadened my appreciation for other things in the world and exposed me to so many things I wasn’t familiar with. It expanded my horizons and my capabilities.”
“Ag Leadership had a huge impact on me. It was definitely life changing. It built my sense of self and gave me more conviction about what I thought and how to bring it into the world. The long-term impacts of this program on society are so significant. Look at what graduates are contributing to the industry and communities.”
Mark Chandler
Lodi Winegrape CommissionClass 18
Bob Graham
NamasteDirect Class 2
Nita Vail
California Rangeland Trust Class 21
Dino Giacomazzi
Giacomazzi DairyClass 36
Ann Thrupp
Fetzer VineyardsClass 32
CALF Annual Report 2010-2011
12
////////////////////////////////////////////////////////////////////////////////////////////////////////////// | F INANCIALS |
Financials
CALF Annual Report 2010-2011
13
| F INANCIALS | //////////////////////////////////////////////////////////////////////////////////////////////////////////////
//////////////////////////////////////////////////////////////////////////////////////////////////////////////
Statements of Activities
Unrestricted Revenues and Gains
Special events gross revenues
Less: special events direct costs
Net revenues from special events
Contributions
Net investment income
In-kind revenue
Other income
TOTAL UNRESTRICTED REVENUES AND GAINS:
Expenses
Program services
Fundraising
General and administrative
Granted fund expense
TOTAL EXPENSES:
INCREASE (DECREASE) IN UNRESTRICTED NET ASSETS
CHANGE IN TEMPORARILY RESTRICTED NET ASSETS:
INCREASE IN TEMPORARILY RESTRICTED NET ASSETS:
CHANGE IN PERMANENTLY RESTRICTED NET ASSETS:INCERASE IN PERMANENTLY RESTRICTED NET ASSETS:
CHANGE IN NET ASSETS:NET ASSETS, BEGINNING OF YEAR
NET ASSETS, END OF YEAR:
232,275 406,093
(75,495) (33,907)
156,780 372,186
1,399,212 1,406.077
488,010 239,920
26,374 27,283
22,313 14,360
2,092,689 2,059,826
1,157,391 1,188,955
243,954 249,976
414,554 455,356
_ 200,000
1,815,899 2,094,287
276,790 (34,461) _ 637,203
_ 637,203
112,975 1,032,472 112,975 1,032,472 389,765 1,635,214 4,270,060 4,659,825
4,659,825 6,295,039
June 30 - 2010 and 20112010 2011
$ $
CALF Annual Report 2010-2011
14
June 30 - 2010 and 20112010 2011
//////////////////////////////////////////////////////////////////////////////////////////////////////////////Statements of Financial Position
AssetsCURRENT ASSETS:Cash and Cash equivalents:
Accounts receivable
Short-term investments
Other current asset
TOTAL CURRENT ASSETS:
Property and equipment, net
Long-term investments
TOTAL ASSETS:
Liabilities and Net AssetsCURRENT LIABILITIES:Cash overdraft
Accounts payable
Funds held for others
Other current liabilities
TOTAL CURRENT LIABILITIES:
NET ASSETS:Unrestricted:
Undesignated
Board designated
Temporarily restricted
Permanently restricted
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS:
131,739 _
4,605 2,616
110,670 83,840
2,500 2,500
249,514 88,956
15,614 10,323
4,586,498 6,348,100
4,851,626 6,447,379
_ 40,323
138,228 46,823
28,878 28,887
24,695 36,307
191,801 152,340
941,129 906,668
1,000,000 1,000,000
_ 637,203
2,718,696 3,751,168
4,659,825 6,295,039
4,851,626 6,447,379
//////////////////////////////////////////////////////////////////////////////////////////////////////////////
| F INANCIALS |
//////////////////////////////////////////////////////////////////////////////////////////////////////////////
$ $
CALF Annual Report 2010-2011
15
////////////////////////////////////////////////////////////////////////////////////////////////////////////// | F INANCIALS |
Statements of Cash Flow
June 30 - 2010 and 2011
//////////////////////////////////////////////////////////////////////////////////////////////////////////////
Cash Flows From Operating ActivitiesCHANGE IN NET ASSETS:Adjustments to reconcile change in net assets to net cash provided (used) by operating activities:
Depreciation
Loss on sale of capital asset
Net realized/unrealized (gain) loss on investments
Contributions for endowment purposes
(Increase) decrease in:
Accounts receivable
Other current asset
Increase (decrease) in:
Accounts payable
Funds held for others
Other liabilities
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES:
Cash Flows From Investing ActivitiesInvestment purchases
Property and equipment purchases
Proceeds from sale of investments
Proceeds from sale of equipment
NET CASH USED BY INVESTING ACTIVITIES:
Cash Flows From Financing ActivitiesPermanently restricted contributions
Cash overdraft
NET CASH PROVIDED BY FINANCING ACTIVITIES:
NET DECREASE IN CASH AND CASH EQUIVALENTS:
CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR:
CASH AND CASH EQUIVALENTS- END OF YEAR:
389,765 1,635,214
8,640 5,291
3,749 —
(364,389) (712,121)
(112,975) (1,032,472)
8,317 1,989
(2,500) —
115,593 (91,405)
13,353 9
13,195 11,612
72,748 (181,883)
(731,768) (3,072,399)
(9,705) —
273,479 2,049,748
3,500 —
(464,494) (1,022,651)
112,975 1,032,472
_ 40,323
112,975 1,072,795
(278,771) (131,739)
410,510 131,739
131,739 _
2010 2011
$ $
CALF Annual Report 2010-2011
16
//////////////////////////////////////////////////////////////////////////////////////////////////////////////Note to Financial Statements
Investments
Investments are stated at fair value based on quoted market prices and were composed of the following at June 30:
Money market funds
Domestic stocks and stock funds
International stocks and stock funds
Domestic corporate bonds and bond funds
International corporate bonds and bond funds
TOTAL INVESTMENTS:
The following schedule summarizes net investment returns for the years ended June 30:
Interest/dividend income
Realized/unrealized gains (losses) on investments
Investment fees
TOTAL INVESTMENT INCOME (LOSS) - NET:
110,670 83,840
1,840,625 3,079,012
573,189 918,755
2,043,033 1,737,574
129,651 612,759
4,697,168 6,431,940
148,646 191,403
364,389 712, 122
(25,025) (26,402)
488,010 877,123
Hayashi & Wayland opened its doors in 1976 and has grown to become one of the premier professional services firms on the Central Coast. The firm’s founding partners, Douglas Hayashi & F. Warren Way-land, based their partnership on the belief that the firm’s success can only be measured by the success of its clients and its commitment to building a stronger community. Hayashi & Wayland has extensive experience working with agriculture industry businesses of all types, and also considers it an honor to partner with over 50 of the local nonprofit organizations.
Accounting & Consulting Retirement Plan Service Wealth Management
//////////////////////////////////////////////////////////////////////////////////////////////////////////////
| F INANCIALS |
June 30 - 2010 and 20112010 2011
$ $
CALF Annual Report 2010-2011
17
| F INANCIALS | //////////////////////////////////////////////////////////////////////////////////////////////////////////////
//////////////////////////////////////////////////////////////////////////////////////////////////////////////
FISCAL YEAR END: JUNE 30
Restricted
Unrestricted
2010
$3,863,842
$828,626
2011
$5,707,991
$723,950
Restricted includes Buchinger Fund
Restricted includes Buchinger Fund
Restricted includes Buchinger Fund
Restricted includes Buchinger FundRestricted includes Buchinger Fund
ALLOCATION
FISCAL YEAR END: JUNE 30
| $5,707,991 |
PERFORMANCE
*Restricted Policy Index: 65% S&P 500/ 35% Barclays Capital Aggregate **Unrestricted Policy Index: 50% S&P 500/ 50% Barclays Capital Aggregate
Restricted CompositePolicy Index Restricted*Unrestricted CompositePolicy Index Unrestricted **
Segments Domestic EquityInternational EquityDomestic Fixed IncomeInternational Fixed IncomeCash Equivalent
Manager PIMCO Total Return FdJanus Advisor Risk Managed GrowthArtio Int’l Equity I FdMainstay ICAP Select EquityPIMCO Diversified IncomeBoston Co. SMID Cap GrowthCRM Mid Value Equity FdRestricted Cash
Market Value
$5,707,991
$723,950
Market Value
$2,804,875$829,429
$1,423,391$570,125$80,171
Market Value
$1,423,391$849,226$829,429$827,688$570,125$567,061$560,901$80,171
Allocation
49.1%14.5%24.9%10.0%1.4%
Allocation
24.9%14.9%14.5%14.5%10.0%9.9%9.8%1.4%
Year to Date
3.94.92.94.4
1 Year18.320.99.4
16.9
3 Years
4.94.94.35.4
5 Years
5.44.64.85.1
Since Inception
6.35.05.65.5
Inception Date
May-05
May-05
BYSEGMENT
SINCE MANAGED BY CANTERBURY 2010 vs. 2011
BYMANAGER
Asset Allocation | Restricted Composite
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
2006 2007 2008 2009 2010 2011 2010 2011
$4,110,371 $4,077,124 $3,909,970$3,307,498
$3,863,842 $3,863,842
$5,707,991 $5,707,991 47.7PERCENT INCREASEINCLUSIVE OF CASH FLOWS
Performance
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FISCAL YEAR END: JUNE 30
| $723,950 |
Segments Domestic EquityInternational EquityDomestic Fixed IncomeInternational Fixed IncomeCash Equivalent
Manager PIMCO Total Return FdPIMCO Artio Int’l Equity I FdArtio Int’l Equity I FdJanus Adviser Risk Management GrowthMainstay ICAP Select Equity FdCRM Mid Value Equity FdBoston Co. SMID Cap GrowthPIMCO Diversified IncomeRestricted Cash
Market Value
$274,137$89,326
$314,183$42,634$3,670
Market Value
$214,373$99,810$89,326$85,221$84,504$52,837$51,575$42,634$3,670
Allocation
37.9%12.3%43.4%5.9%0.5%
Allocation
29.6%13.8%12.3%11.8%11.7%7.3%7.1%5.9%0.5%
BYSEGMENT
SINCE MANAGED BY CANTERBURY 2010 vs. 2011
BYMANAGER
Asset Allocation | Unrestricted Composite
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
$850,000
$800,000
$750,000
$700,000
$650,0002006 2007 2008 2009 2010 2011 2010 2011
$1,347,255
$1,443,385
$743,608$567,008
$828,626
$828,626$723,950
$723,950
12.6PERCENT DECREASE INCLUSIVE OF CASH FLOWS
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| F INANCIALS |
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| F INANCIALS |
YEAR END 6/30/2010
YEAR END 6/30/2010
Corpus
Corpus
Corpus
Corpus
Value
Value
YEAR END 6/30/2011
YEAR END 6/30/2011
YEAR END 6/30/2011
YEAR END 6/30/2011
RESTRICTED FUND GROUP
SPECIAL PURPOSE ACCOUNTS
2011 FISCAL YEAR CONTRIBUTIONS
2011 FISCAL YEAR CONTRIBUTIONS
Dean Brown Endowed Founder’s ChairJG Boswell II Endowed Founder’s ChairSpecial Purpose AccountsBoard Designated EndowmentCharles Buchinger Memorial Endowment* Franklin Otis Booth Legacy FundDean Brown Growth and Innovation FundJG Boswell II Legacy Fund
Total Restricted Fund
FELLOWSHIP FUNDS:Alumni FellowshipDean Brown FellowshipWomen in Leadership FellowshipLagomarsino Family FellowshipRichard Pidduck FellowshipManassero Fellowship
ENDOWMENT FUNDS:Borba Family EndowmentLadera FoundationClass 12 EndowmentClass 17 EndowmentClass 30 EndowmentClass 33 EndowmentGeneral Endowment
MEMORIAL FUNDS:Tim O’Neill / Class 10 Memorial FundMichelle Turner Memorial Endowment
Total
$1,000,000$1,000,000
$690,546$1,000,000
$70,855___
$3,761,401
$6,150$5,000$9,220
$25,000$31,000
_
$110,000$191,000$12,075$24,635$46,647$25,949
$165,250
$17,145$21,475
$690,546
$1,000,000$1,000,000
$738,116$1,000,000
$78,455$952,302
$25,000_
$4,793,873
$6,150$5,000$9,220
$25,000$31,000$36,350
$110,000$196,000
$12,075$24,635$51,247$25,949
$165,550
$18,465$21,475
$738,116
$1,188,214$1,188,214
$868,358$1,188,214
$115,702$1,134,333
$24,955_
$5,707,991
$7,235$5,882
$10,847$29,411$36,470$42,764
$129,410$230,585
$14,206$28,982$60,290$30,528
$194,762
$21,723$25,264
$868,358
$47,570
$7,600$952,302
$25,000
$1,032,472
$36,350
$5,000
$4,600
$300
$1,320
$47,570
*Consolidated with other restricted funds for investment management purposes, July 1, 2011
Restricted Fund Group
Special Purpose Accounts
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////////////////////////////////////////////////////////////////////////////////////////////////////////////// | DONOR LIST |
$1,000,000+Loren Booth
$950,000The James G. Boswell Foundation
$100,000The Otis Booth Foundation
$75,000+World Ag Expo Ag Leadership Alumni Breakfast
$35,000Dean Brown Golf TournamentRegion 9 Golf Tournament
$30,000Wells Fargo Foundation
$25,000+AnonymousBorba Agribusiness (Mark Borba)Wells Fargo BankWestern Growers Association
$20,000Azzule Systems
$15,000Capital Insurance GroupHarden FoundationRabobank, N.A.
$10,000+Bowles Farming Company, Inc.C.H. Robinson Co.Class 39Colusa Farm Show Breakfast Farm Credit WestGranite Peak Partners (Pierre Tada)Lagomarsino GroupGeorge and Kathleen MyersOlive Hill, LLCRegion 6 Alumni Golf TournamentSupimaSyngentaT.E.L. Foundation (Hidden Villa Ranch and Mike Sencer)Tanimura Family FoundationTaylor Farms California, Inc.
Wegis and Young Property Management, LLC (Mike Young, Greg Wegis and Rick Wegis)
$7,500Reiter Affiliated Companies
$5,000+Bank of the WestDan and Jean ErrotaberePersonal Ag Management Services, LLCJohn ColbertThe Norton Foundation (John and Lillian Norton)
$4,000California Association of Winegrape Growers Saticoy Lemon Association
$3,000Abundant Harvest OrganicsRod and Carol StarkVentura County Community Foundation
$2,500+Boutonnet Farms, Inc.Rose-Marie BurroughsGary and Diana CusumanoD’Arrigo Bros. Co.Jim and Kristen FinchRobert and Patricia GrayEjnar KnudsenLangeTwins, Inc. (Bradford Lange) LangeTwins, Inc. (Randall Lange)Benina MontesNewFieldsPrudential FinancialRolling Ridge RanchT&P FarmsThe Passport Foundation (match for Ejnar Knudsen)U.S. AgBankRaymond Tonella
$2,000+Jeffrey and April BitterBlue Diamond GrowersCalifornia Ag SummitLeavens RanchesDavid MartellaE. Victor Quattrin
$1,500+Kevin Grizzle Farms, LLCPoindexter Nut CompanyR.C. Farms, LLCRegion 4
$1,000BAPU Farming Co LLC (Sohan Samran)Fred and Caroline BerryPhilip BowlesBASF Corp. (for Philip Bowles)Mark Burrell (WestMark Group)CHAPAClauss Dairy Farms Kimberly ClaussRichard ClaussColusa County Farm Supply Inc. (Terry Talbot)Colusa Tractor Co.Crop Production ServicesDoug DeGroffByron DennisDoug DicksonDriscoll Strawberry Associates, Inc. (Miles Reiter)Tom DunganElkhorn Packing Co, LLCFanciful CompanyRobert FergusonLorraine FinchFood Source, C.H. Robinson Co.John and Sharon GarnerHarris Farms, Inc.Jeana and Larry HultquistHuntington FarmsBarry and Kim JohnstonKing & Gardiner Farms, LLC (Holly King and Keith Gardiner)King City Nursery, LLCEd and Patricia KurtzJohn LakeJohn LedbetterNorman and Cynthia MartellaTom and Brianne McGrathThomas MulhollandCindy MyersNelson Irrigation Corp.John NockOcean Mist FarmsPeggy Sears PerryRichard PidduckProducers Dairy FoodsProgressive Packaging Group, Inc (Robert and Kathy DeVoy)
R. C. Farms, LLCRio FarmsLeland RuizSan Luis Obispo Farm Bureau, Inc.Jan SmithRichard and Claudia SmithSnow Seed Co.Tim and Kathy SugishitaRosemary TalleyTurlock Fruit Company, Inc.Valley Pride Inc. (Joe Pezzini)Wells Fargo Community Support Campaign (Ken McCorkle)Western United DairymenWoolf Farming and ProcessingChris and Sarah Woolf
$750Anonymous Ben and Denise CarterErnie RighettiWestern Precooling
$500+Allied Grape GrowersDaryl and Brenda AmbleAnthony Costa and SonsHenri ArdantzArt BarrientosBengard Ranch, IncCJ Ranch (William Bennett)Carlo BocardoMichael and Tina BremCalifornia Poultry FederationRon CairdMichael CampbellDonna Caston-FarmerGus and Barbara Collin - In Memory of Ray OlsonJeff ColombiniJames ConnCharlie CrabbStephen de LorimierScott and Leslie DeardorffJohn DeRuiter Nat DiBuduoDole Fresh VegetablesDonald Valredo Farming, Inc.Duda Farm Fresh Foods, Inc.Emerald Packaging, Inc.Filice Farms, LPMike and Jeanette Fitch - In Memory of Ray OlsonRobin FlournoyBryan and Kerri Foley
Four Little Devils Farms, Inc.Donna and Greg FranceFrank S. Brown LLCDavid GillMark GillesGlen and Janet GotoGail GrayRich GreerJohn GretherEd and Susie GrossiRichard HambletonTodd HansenHenry Avocado Corp.Adin and Dora HesterGary and Anne HesterHidden Villa RanchHigashi Farms, Inc.HM Holloway, Inc. (Arnold Johansen)Dale and Mary Jane HussJeff Boldt Farms, Inc.Eric and Wendy JenksSarbjit JohlHilda and Leland KleinVictor LaniniMcKenzie Farms, Inc.Kent and Kathryn McKenzie (McKenzie Farms, Inc.)Clint MillerMountain View Cold Storage (Jeff Boldt)Sam NevisPaul NewtonOttone Leach Olsen and Ray LLPPacific International MarketingPete and Mona PankeyStephen and Nikki PatricioRichard PetersonJean PhillimorePucheu Bros. RanchSherman and Maureen RailsbackMiles Reiter (Driscoll’s)River Ranch Fresh Foods, LLCRuben RuedaLeanne RutherfordSea Mist FarmsJeff StephensThe David Martella FamilyThe Nunes Company, Inc.Jeff and Elaine ThomsonUesugi Farms, Inc.Val Mar Farms, LLCScott and Susan Van Der KarVann BrothersCarol Varcak
July 1, 2010 to June 30, 2011
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| DONOR LIST | //////////////////////////////////////////////////////////////////////////////////////////////////////////////Kim and Thomas VetschMary Zischke
$400+Bill AdamsJohn Slinkard
$300+Dennis and Beth AlbianiBank of America Charitable FoundationBee Sweet CitrusBeecher/Ryan Harvesting, LLCCalifornia Family FoodsKaren CaplanBlake and Lisa CarlsonDale CokeCooper Land Corp (Robert Goodwin, Jr.)Noelle CremersJeffrey ElderRobert and Kelly GeisFrank HillikerAdam IcardoCathie JoughlinGregory KirkpatrickStan LesterMichael MacielLeo McGuireCynthia NobleTodd RehrmanJim StollbergAnn ThruppNick UstinRaymond and Katie Van BeekBill and Stephanie Van SkikeDeanna and Roger van KlaverenBarbara and Richard WightMarcia WolfeStuart YamamotoYuba Sutter Colusa Alumni
$250+Alsco Geyer IrrigationScott and Carol AndersonPaul and Kathy BankeDavid and Dee BradshawMaria de la Paz Carpio-ObesoC. William ChandlerRobert and Lisa CherensonChieftan Harvesting, Inc.Comgro Soil Amendments, Inc.Vernon and Marilyn CrowderLes and Cynthia Crutcher
De Pue WarehouseDarlene DinTerry Fleming DucatoBonnie Fernandez-Fenaroli5th Generation Farming (Ryan Schohr)5th Generation Farming (Tracy Schohr)John and Mary Ann FryeGila Valley Farms LPJohn GorterHarmony Egg RanchHenry Hibino Farms, LLCLester and Janet HeringerStephen and Donna HeringerPhil HoganFidela Irigoyen (Wells Fargo Community Support Campaign)J. Link Leavens FarmingMark and Isabella JacobsJones Flying Service, IncKeithly-Williams SeedsHolly KingSharan LaniniRobert and Susan LilleyPatrick MaloneyMark and Megan McKeanEd McLaughlin (EMAC Farms)Eric MerzMission ProduceRichard and Charlene MossSoapy MulhollandJon and Alice MungerStephen and Wendy MurrillNew Hope Dairy LLCTony OliveraOro Del Norte, LLCBrenda OuwerkerkKelly ParsonsSteven and Mary PastorGarrett and Ashley PatricioGarry and Kay PearsonKaren and Tom PechtJon ReelhornJames RiceMeredith Rehrman RitchieDonald and Sally RobertsElio RodoniKim and Bob RoginaJean RottaDouglas RuddDavid SasakiKaren SchottJerry SpencerJim Storm
John and Joanie SwiftSyngentaTerry Farms, Inc.The Growers Company, Inc.The Gualco Group, Inc.Thomas Manufacturing Co, LLCJon TkacTMD Creative (Nick Pasculli)Tim and Maureen TreicheltSally TrippMarla and Grady Van CleveAnthony Van RuitenRichard and Evelyn VorpeErik Wilson - Olam Tomato ProcessorsNorm YenniWoody and Kathryn Yerxa
$200+Jose AguiarMike BennettJohn BoyesArmando CejaBob DempelSue DiTomasoFifield Land CompanyHorizon Farms, LLCJohn Grizzle Farming (John and Donna Grizzle)Jonathan Graves ManagementStephen and Elaine OlsonPeter OrrDouglas and Caralee PhillipsFritz RueggerMichael SarabianKeith and Marcia SwingerGerald and Carol VarcakMary-Ann Warmerdam
$100+Keith and Dana AbercrombieAgra TradingKen AltmanAmerican Takii, Inc.Craig AndersonJesse AragonDavid ArakelianEmily Thacher AyalaJim and Janice BogartDavid and Vikki BradshawLance Brown Dean and Judi BuchingerHenry CarrascoWilliam and Jennifer CarriereCascade Forest Corporation
Thomas ChandlerCecilia Chi-HamSteve ChrismanRobert ChristensenTyler ChristensenSusan CohenCortina Hulling and Shelling, LLCCropp Co-Op Organic Valley CAJohn CrosslandCRS Farming, LLC (Eric Shannon)Margaret D’Arrigo-MartinBill Daniell Michael DelbarRobert DenneyLeonard DiggsRon and Nancy EnomotoMiguel ErreaPete Fallini Marc FayeWayne Gularte (Rincon Farms)Paul HainVictor HeintzbergerFidela IrigoyenAllan JensenKenneth and Laura JohnsonMolly and Ray JohnsonMary KimballLynn KnudsonLarry and Kathleen LemkeMark LinderCarl LindgrenRandy LinquistPaul MartinJim and Reva MerriamMichael and Mary MobleyJulie MorrisArvid and Ann MyhreNature Condos (Bruce Norton)James C. NickelKelly OldsKevin and Bea OlsenOlson EngineeringJohn PalmerTim PanzieraBob and Sally ParksMike PhelanClaudia Pizarro-VillalobosLorri PrideGene and April RappR.A.M. Farms, Inc.Robert RathboneAlan ReynoldsRobert ReynoldsHal Robertson
Robert and Adriana RodoniRobert RoumiguiereClifford SadoianVictor SahatdjianRobert and Vicky SheesleyLynne SillBob SteinhauerKrishna SubbaraoSunsation Farms, Inc.Bernard and Jane TeunissenThe Water Agency, Inc.John TufenkjianMark TurulaMike Wackman
Up to $100Nina AmesCathey and Mark Anderson Beeler Tractor Co.Woody Barnes Jr.Woody and Jane BarnesJulia BerryRobert CadenazziAndrea CardTodd CollinsDarrell CordovaPamela EmeryCharles and Ann EndrisChristina FischerGriff’s Feed and SeedCathy HaasRobert HarrisHolt of California (William George)Doug and Allison LarsenMichele and Philip LavertyLarry LayneRobert MandrellPeter and Vince MarchandDaniel MarcumJakki McDonald-PucheuKathleen NielsenElizabeth OuelletteLane ParkerDaniel RobinsonJoseph and Karen RussEd RyderPatricia Stever-BlattlerDeanna van KlaverenErik VinkPaul ViolettChristopher Wilcox
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As a stable and dependable source of credit and related services for agriculture and rural America, and the nation's largest provider of financing to farmers and ranchers, Farm Credit funds:
• More than $174 billion in agriculture loans.• Nearly 40 percent of all U. S. farm business debt
• More than 500,000 member-borrowers• More than $7.5 billion in loans to young, beginning and small farmers.
Farm Credit is proud to support this publication and the California Ag Leadership Foundation.
We’ve Been Here Since 1916...
....And We’ll Be Here Tomorrow.
| THANK YOU |
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