2024 Annual Congregational Meeting

Valley Presbyterian Church

Annual Congregational Meeting Sunday, February 4, 2024

Annual Congregational Meeting Welcome, Call to Order, & Prayer Pastor David Joynt Approval of Minutes Pastor David Joynt Approval of Amended Articles of Incorporation Elder Mike Ek All-Church Nominating Committee Report Elder Stephanie DeHaven Election of New Deacon Pastor David Joynt Corporation Meeting Election of Trustees to the Corporation Elder Ron Norris Clergy Terms of Call Elder Steve Carter 2023 Financial Recap & 2024 Budget Report Elder Ron Norris Valley Presbyterian Foundation Report Outgoing President Mark Nesvig Gratitude to Retiring Elders, Deacons, & Trustees Pastor David Joynt Closing Prayer & Benediction Pastor David Joynt

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VPC Lay Leadership Elders CLASS OF 2024 Mary Artigue Gary Edens Jasen LaFon Elizabeth Mills Ron Norris Stephan Sciacca

CLASS OF 2025 Beth Allen Steve Carter Stephanie DeHaven Tiffany Pondelik Judy Schumacher Matt Voris

CLASS OF 2026 Sarah Brammer Jeff Fassett Scot Gilbreath Daniel Gonzales Laurena Ketzel-Kerber Brent Nichols

Deacons CLASS OF 2024 Sharon Arendt Marsha Bohnett Melissa Brammer Katherine Haley Peter MacIlvaine Michelle MacIlvaine Janet O’Connor Casey Ratlief Shirley Simpson Tom Simpson Anne Trauter Janel Willert

CLASS OF 2025 CLASS OF 2026 Vanessa Beauchamp Gary Bender Laura Dineen Linda Bender Bill Dineen Elizabeth Ford Suzanne Fullerton Jim Gabler Nell Herzer Mary Masters Opila Mike Holliday April McGrath Anne Molinaro Bill Nye David Molinaro Birgitte Santaella Patricia Powell David Winter Joan Sleeth Mary Ann Winter Carol Tillman Christie Wright

Trustees CLASS OF 2024 E. David Hetz Ed MacDougall Miles Pondelik Curt Ullman

CLASS OF 2025 Allen Mills Ginny Carter Carol Dillon Eric Groen

CLASS OF 2026 Doug Eaton Judy Shannon Edens Michelle Spencer Matt Voris

All-Church Nominating Committee Stephanie DeHaven, Chair Sarah Brammer, Vice-Chair Jim Gabler, Deacon Representative

Todd Gilbreath Jim Schaller Jane Russell

Officers of the Corporation Ron Norris, President Kris Williams, Treasurer

Tom Ambrose, Assistant Treasurer Karen Meyer, Secretary/Clerk of Session

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Your Generous Support We, the Pastors and Staff at VPC, feel blessed to share this time, this place, and this ministry with you. Your encouragement and energy are a beautiful and powerful response to our gracious God!

Cong. Care, Mission, Outreach ECO Support

5%

1%

Worship & Music

11% Christian Education

16%

2023 Expenses

Admin. & Facility

48%

Pastoral Ministry

19%

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2023 Expenses Administration & Facility Pastoral Ministry Christian Education Worship & Music Cong. Care, Mission, Outreach ECO Support Total expenses in 2023

$1,202,900 $482,500 $396,500 $271,700 $129,500 $13,200 $2,496,300

2024 Operating Budget Valley Presbyterian Foundation

Other

13%

3%

2024 Income Faith Giving & Non-Member Cont.

Other Valley Presbyterian Foundation Total projected income in 2024

$2,4225,000 $380,600 $90,000 $2,895,600

2024 Income

• VPF= 4% x3 year average market value • $33k additional VPF support reflected under applicable committees’ expense budgets • Other includes unrestricted dedicated accounts, Memorial Garden space sales, facility use, Awaken Café

Faith Giving & Non-Member Contributions

84%

Cong. Care, ECO Support, Mission, Outreach

6%

2024 Expenses Administration $754,300 Pastoral Ministry $608,200 Facilities $522,100 Christian Education $375,600 Worship & Music $315,100 Cong. Care, ECO Support, Mission, Outreach $180,600 Awaken Café $139,700 Total expenses in 2024 $2,895,600 • Personnel expenses included in above categories

Awaken Café

5%

Admin.

26%

Worship & Music

11% Christian Education

13%

2024 Expenses

Pastoral Ministry

21% Facilities

18%

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Valley Presbyterian Church 2023 Year-End Balance Sheet ASSETS OPERATING CURRENT ASSETS Cash Cash-Cooks' Tour & PW Total Cash

391,692 32,628 424,320

Accounts Receivable Prepaid Expenses TOTAL CURRENT ASSETS

154,127 8,187 586,634

PROPERTY & EQUIPMENT, net

FIXED ASSETS

TOTAL CAPITAL ALL FUNDS 34,083 0

34,083 2,650

0

36,733

16,483,541

TOTAL ASSETS

586,634 16,483,541

425,775 32,628 458,403 156,777 8,187 623,367 16,483,541

36,733

17,106,908

LIABILITIES CURRENT LIABILITIES Accounts payable Prepaid pledges Accrued expenses TOTAL CURRENT LIABILITIES

24,198 95,074 107,311 226,583

25,471 25,471

0

49,669 95,074 107,311 252,054

TOTAL LIABILITIES

226,583

25,471

0

252,054

360,051 16,458,070

36,733

16,854,854

586,634 16,483,541

36,733

17,106,908

NET ASSETS TOTAL LIABILITIES & NET ASSETS

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Valley Presbyterian Church 2023 Income Statement INCOME Contributions and Grants* Foundation Support** Other Church Programs Sales less COGS Interest; Unrealized Gains Total Income EXPENSE Program Services ECO Monthly Support Pastoral Ministry Mission Worship and Music Christian Education Outreach Congregational Care & Fellowship Total Program Services Supporting Services General and Administrative Facilities Expense Supplies Furniture & Fixtures Loss on Disposal Depreciation

FIXED AWAKEN TOTAL OPERATING ASSETS CAPITAL CAFÉ ALL FUNDS 2,379,250 90,000 58,398

34,624

27,975

4,683 2,532,331

97,927

0

34,624

125,902

13,213 482,460 122,566 271,721 396,481 5,120 1,836 1,293,397

2,511,801 90,000 58,398 27,975 4,683 2,692,857

13,213 482,460 122,566 271,721 396,481 5,120 1,836 0

696,788 506,057

0

24,253

0

1,293,397

122,473

819,261 506,057 34,053 0

9,800

50,667 697,150

697,150

Total Supporting Services

1,202,845

747,817

24,253

132,273

2,107,188

Total Expense

2,496,242

747,817

24,253

132,273

3,400,585

36,089 -747,817

10,371

-6,371

-707,728

Excess (Deficiency) of Income over Expense

*In addition to the above, designated gifts provided additional support for the internship program, Sunday security officer, various mission, music, children and student programs, deacon fund, and capital improvements. **We are grateful for support from Valley Presbyterian Foundation, with a distribution policy which provided 4% of a rolling three year average of market value in 2023 to VPC for its mission ministries and capital needs.

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Valley Presbyterian Foundation 2023 Year-End Balance Sheet ASSETS CURRENT ASSETS Cash Accounts Receivable Prepaid Expenses Assets Held Under Split-Interest Agreements TOTAL CURRENT ASSETS INVESTMENTS

88,249 3,110 3,570 2,450 97,379 5,439,542

TOTAL ASSETS

5,536,921

LIABILITIES Accounts Payable Liabilities Held Under Split-Interest Agreements TOTAL LIABILITIES NET ASSETS TOTAL LIABILITIES & NET ASSETS

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2,311 20,855 23,166 5,513,755 5,536,921

Valley Presbyterian Foundation 2023 Income Statement INCOME

Contributions and bequests Investment income Realized/unrealized investment losses Income before special events

86,996 141,372 652,568 880,936

Special events (Foundation Dinner; concert tickets): Revenue Expense Gross profit on special events

201,952 (139,994) 61,958

Total Income

942,894

Investment management fees CRAT distribution General and administrative

EXPENSE

31,253 6,042 27,729 65,024

PC(USA) Disaffiliation

372,802

Total Expense

437,826

Excess (Deficiency) of Income over Expense

505,068

In addition, 4% of the three-year average 12/31 market value of the portfolio supported: Operating budget Memorial Garden upkeep Pastors Erickson & Garvin retirement earnings Classical music Academic scholarships Yucatan mission trip Student trip scholarships Deacon ministries Preservation fund-Sanctuary dehumidification system In addition to the above, there are dedicated accounts totaling $8,269 ($3,769 for music scholarship fund, and $4,500 for donor circle-concert series)

90,000 9,914 12,385 67,793 14,000 30,750 7,125 1,858 49,891 283,716

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Pastors David Joynt David Turner Chris Woodard Travis Kingma

Senior Pastor Congregational Care Pastor Outreach & Discipleship/Spiritual Growth Pastor Next Generation Ministry & Missions Pastor

Staff Jennifer Hamm Tina Gilbreath Marie Bitticks Susie Huseth Brianne Bergfeldt Wes Cates Megan Nesvig Meghan Gottfredson Julia King Kris Bahr Vicki Tatum Lauren Pearson Tammy Gallagher Mike Vreeland Katrina Carney Brianne Bergfeldt Darvin Butler Raymond Peña Michael Roth

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Minister of Music Family Ministry Director Children’s Ministry Coordinator Children’s Ministry Assistant Nursery Coordinator Student Ministries Assistant Director MOPS Coordinator Valley Day School Director Valley Day School Assistant Director Finance & Operations Director Finance Assistant Executive Assistant to David Joynt Ministry Assistant Communication Director Printing & Production Manager Website & Social Media Manager Facilities Manager Custodian Awaken Café Manager

Administration Meghan Gottfredson Julia King Susie Huseth Kay Randolph

Director, Valley Day School Assistant Director, Valley Day School Chapel Coordinator Music Coordinator

Teachers Crystal Anderson Marie Bitticks Stephanie Butler Lauren Burke Shanda Carrithers Mary Carvalho Megan Cates Nicole Eckhardt

Kristine Edmund Tamara Heims Naomi O’Halloran Lindsay McHugh Kim Michelson Julie Shover Leighanne Smith Noemi Stine

Board of Directors Krystal Grogan Alex Poole Julia King Nicole Eckhardt Laura Grabowy Tiffany Pondelik Meghan Gottfredson Tina Gilbreath David Joynt

President Secretary Treasurer Teacher Representative Parent Representative VPC Elder Representative Director, Valley Day School Director, Family Ministry Senior Pastor

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Valley Presbyterian Church 6947 E. McDonald Drive Paradise Valley, AZ 85253

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