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2015 Stewardship Report
Stewardship Ministry
Vision Statement
Matthew 25:21
His master replied, 'Well done, good and faithful servant! You have been faithful with a
few things I will put you in charge of many things. Come and share your master's
happiness!‘
We are stewards, not owners, who are called to
use all of God’s gifts for His purpose based on
our love relationship with the Father.
Financial Planning Calendar
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Annual Budgeting Process
• Budget submit (ministry teams)
• Budget review cycle
• Finalize budget
• Budget review & adjustment
Monthly Updates
• Finance update to elders
• Discuss operational issues, adjustments
Annual Report
• Congregation report
2015 Summary w/o JubiLink
Category Value
Total Income 936,817,351
Total Expense -960,396,863
Net Income -23,579,512
2015 Summary w/o JubiLink
2015 JubiLink Missions
Category Value
Total Income 299,294,404
Total Expense -306,597,635
Net Income -7,303,231
2015 Summary with JubiLink
Category Value
Total Income 1,236,111,755
Total Expense -1,266,994,498
Net Income -30,882,743
2015 Attendance by Month
• Average attendance for both services was 446
2015 Income
2015 Income Breakdown
2015 Sunday Offering by Month
* All amounts converted to KRW
2015 Avg. Persons Tithing/Month
Year Tithing
2015 86/446 19.3%
2014 117/442 26.5%
2013 111/441 25.2%
* Only includes people who wrote names on the offering
envelopes or wired to bank account.
2015 Average
Tithe/Person/Month
Year Amount
2015 ₩ 390,578
2014 ₩ 433,632
2013 ₩406,554
Tithing accounts for 45% of total income
2015 Expense
2015 Expense – w/o JubiLink
* 2015 average expense/ month is W80mil.
2015 Expense – with JubiLink
In 2015, 30% went to Missions
2015 Cash Balance
Type Description Amount
Deposits Sang ah Building ₩600,000,000
Deposits Housing ₩90,000,000
Deposits Electricity ₩4,320,000
Deposits Credit Card ₩2,000,000
Accounts Checking (Korean) ₩36,873,368
Accounts Checking (USD) ₩21,221,628
Accounts Missions ₩41,098,421
Accounts JubiLink ₩6,334,239
Accounts Mercy Ministry ₩6,895,755
Accounts Savings ₩118,463,840
Accounts Pension ₩23,231,191
Total ₩950,438,442
As of Dec. 31, 2015 Cash Balance
2015 Stewardship Report
Q and A
Immediately after service
Contact
nanah.jeon@jubileeseoul.com

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2015 Stewardship Report

  • 2. Stewardship Ministry Vision Statement Matthew 25:21 His master replied, 'Well done, good and faithful servant! You have been faithful with a few things I will put you in charge of many things. Come and share your master's happiness!‘ We are stewards, not owners, who are called to use all of God’s gifts for His purpose based on our love relationship with the Father.
  • 3. Financial Planning Calendar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Budgeting Process • Budget submit (ministry teams) • Budget review cycle • Finalize budget • Budget review & adjustment Monthly Updates • Finance update to elders • Discuss operational issues, adjustments Annual Report • Congregation report
  • 4. 2015 Summary w/o JubiLink Category Value Total Income 936,817,351 Total Expense -960,396,863 Net Income -23,579,512
  • 5. 2015 Summary w/o JubiLink
  • 6. 2015 JubiLink Missions Category Value Total Income 299,294,404 Total Expense -306,597,635 Net Income -7,303,231
  • 7. 2015 Summary with JubiLink Category Value Total Income 1,236,111,755 Total Expense -1,266,994,498 Net Income -30,882,743
  • 8. 2015 Attendance by Month • Average attendance for both services was 446
  • 11. 2015 Sunday Offering by Month * All amounts converted to KRW
  • 12. 2015 Avg. Persons Tithing/Month Year Tithing 2015 86/446 19.3% 2014 117/442 26.5% 2013 111/441 25.2% * Only includes people who wrote names on the offering envelopes or wired to bank account.
  • 13. 2015 Average Tithe/Person/Month Year Amount 2015 ₩ 390,578 2014 ₩ 433,632 2013 ₩406,554 Tithing accounts for 45% of total income
  • 15. 2015 Expense – w/o JubiLink * 2015 average expense/ month is W80mil.
  • 16. 2015 Expense – with JubiLink In 2015, 30% went to Missions
  • 18. Type Description Amount Deposits Sang ah Building ₩600,000,000 Deposits Housing ₩90,000,000 Deposits Electricity ₩4,320,000 Deposits Credit Card ₩2,000,000 Accounts Checking (Korean) ₩36,873,368 Accounts Checking (USD) ₩21,221,628 Accounts Missions ₩41,098,421 Accounts JubiLink ₩6,334,239 Accounts Mercy Ministry ₩6,895,755 Accounts Savings ₩118,463,840 Accounts Pension ₩23,231,191 Total ₩950,438,442 As of Dec. 31, 2015 Cash Balance
  • 19. 2015 Stewardship Report Q and A Immediately after service Contact nanah.jeon@jubileeseoul.com

Editor's Notes

  1. The vision of stewardship ministry is based on Matthew 25. Matthew 25 first establishes God’s authority, he is the owner. Second, shows God’s relationship with us. It’s true that God blesses us with responsibility. If we are faithful, then he will bless. The emphasis is not on the material blessing but on the relationship with the master. As we go over our church finances, we have to remember this context of relationship when we talk about money. One reason we cover report during worship service bc numbers are worship
  2. 2014 Summary w/o JubiLink Total Offering : 906,211,142 Total Expense : 878,354,829 Net Income : 27,856,313 2013 Summary w/o JubiLink Total Offering : 862,207,311 Total Expense : 861,213,053 Net Income : 994,258 2012 Summary w/o JubiLink Total Offering : 796,407,354 Total Expense : 743,217,077 Net Income : 53,190,277 2011 Summary w/o JubiLink Total Offering : 759,605,918 Total Expense : 733,116,290 Net Income : 26,489,628
  3. 2014 Summary w/o JubiLink Total Offering : 906,211,142 Total Expense : 878,354,829 Net Income : 27,856,313 2013 Summary w/o JubiLink Total Offering : 862,207,311 Total Expense : 861,213,053 Net Income : 994,258 2012 Summary w/o JubiLink Total Offering : 796,407,354 Total Expense : 743,217,077 Net Income : 53,190,277 2011 Summary w/o JubiLink Total Offering : 759,605,918 Total Expense : 733,116,290 Net Income : 26,489,628
  4. 2014 Summary w/o JubiLink Total Offering : 906,211,142 Total Expense : 878,354,829 Net Income : 27,856,313 2013 Summary w/o JubiLink Total Offering : 862,207,311 Total Expense : 861,213,053 Net Income : 994,258 2012 Summary w/o JubiLink Total Offering : 796,407,354 Total Expense : 743,217,077 Net Income : 53,190,277 2011 Summary w/o JubiLink Total Offering : 759,605,918 Total Expense : 733,116,290 Net Income : 26,489,628
  5. 2014 Total Total Offering 1,316,824,763 Total Expense -1,305,898,344 Net Income 10,926,419 2013 Total Total Offering 1,134,092,850 Total Expense -1,135,654,542 Net Income -1,561,692 2012 Total Total Offering 990,846,822 Total Expense -937,656,545 Net Income 53,190,277 2011 Total Total Income 987,008,834 Total Expense -960,519,206 Net Income 26,489,628
  6. 2014 Avg. attendance was 442
  7. About 74% of income from Sunday offering (tithes and other offering)
  8. 2015 avg. Monthly Sunday offering is 58 mil. Total incoming avg. 78mil/month 2014 Avg. Monthly Sunday offering is 62 mil. Total income avg. 75 mil/month 2013 Avg. offering was 57.6 mil 2012 Avg. offering was 66 mil
  9. One indication of the health and growth of our church is tithing. Avg attendance this year went up to 446 people per Sunday (both services). Reference: Evangelical Christians tithe 24%, Churchgoers 10% 2012 : 102/400 25.5%
  10. Out of the 86 people who tithe, the avg. 390,578. Tithe accounts for 45% of total income. 2014 was 64% from tithe.
  11. Roughly 1/3 goes to Rent, 1/3 goes to Salary, 1/3 to others. Every month we spend 25 mill on rent. 2014 avg. expense / month was w76mil. 2013 avg. expense / month was w72mil. 2012 avg. expense / month was w62mil.
  12. Including JubiLink, we spend 30% on missions. 1,266,994,498 In 2014, 36% went to Missions, In 2013, 30% went to Missions, In 2012, 28% went to Missions, In 2011, 30% went to Missions, In 2010, 25% went to missions.
  13. This represents our current cash balance. If you are wondering why we’re month to month without any savings. Building deposit. Does not include physical assets like chairs and lights. Just cash assets.
  14. Move on to question and answer. Please keep some things in mind Our vision of stewardship based on relationships Ask questions that you think would benefit the whole group. If you have a personal curiosity, ask in private