Management Board Report: Finances, Facilities, Board Structure, and Consultant Recommendations

Wednesday, June 28, 2017

Foundry Management Board Reviews Finances, Facilities, Mission Possible, Board Structure, and Consultant Recommendations

 

The Foundry Management Board, a nine-person elected group, meets monthly to discuss and make decisions concerning the management of the church. Any member of Foundry is welcome to attend these meetings.

 

Management Board members present at the June 27, 2017 meeting were Leigh Carter, Louise Franklin, Matt Hansen, Sam Kilpatrick, Doug Steele, Samantha Sweeney, PJ Taylor, Dan Vock, and Gwen Williamson.

 

Also present were future Board members Amanda Beadle, Noel Bravo, and Nick Jessee; Pastor Ginger Gaines-Cirelli; and Mission Possible representative Paul Hazen.

 

Finances

●       2017 year-to-date operating income is $853,458 and expenses are $907,891, giving a net of minus $54,433.

●       Capital reserves balance of $121,541 is $442,880 less than the target minimum. Operating reserves balance of $544,654 is $2,809 over the target minimum.

●       The Finance Committee will solicit input from ministry teams for the 2018 budget.

●       An Endowment Committee is being selected. Paul Hazen and Sam Kilpatrick are the first two of four lay members.

●       Foundry’s financial statements beginning with 2016 will use a fully accrued basis of accounting.

 

Facilities

After a three-week collection of member concerns about accessibility and mobility issues in Foundry’s building, the committee is conducting, among other activities, an accessibility review. The issue relates to Foundry’s commitment to radical hospitality. Among the matters being reviewed are: emergency response preparedness, including first-aid kits; evacuation plans; sheltering-in-place; security on Sunday; handling illnesses; and Davenport Center exit and entry. Professional assistance may be sought to help with decisions about materials and practices.

 

Mission Possible

216 pledges have been made for a total of $2.45 million. The goal to enable the organ restoration, Phase I debt reduction, and coffee house ministry is $3.65 million.

 

Additional donors are being encouraged to pledge through letters to prior donors, focusing on donors who have pledged or given previously to Mission Possible, phone calls to 150 members and constituents, a young adult group gathering, calls by and meetings with Ginger, and the dissemination of Mission Possible information in meetings and services. A new project assistant will be hired to work 10-15 hours a week through October to support ongoing efforts to generate additional pledges. 

 

Board Structure

In July, the Board will elect its new officers and committee chairs. Individuals are nominated for these roles by the current Board president in consultation with the senior pastor and with individuals as to their preferences for service.

 

Consultant Report

Susan Beaumont, a consultant who studied Foundry’s staffing and governing structure, has submitted a report with analysis and recommendations. In a closed session, the Board considered next steps to address what was learned in the report.

 

This meeting report is submitted by Foundry’s Strategic Communications Ministry Team.