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ANNUAL REPORT 2019 3

AgendaAnnual Congregational Meeting, Oct. 20, 2019

Worship Josh Hoaby & Aaron Petersen

A. Call to Order Heather Hosfield, Congregational President

B. Opening Prayer Pastor Zach Thompson, Senior Pastor

C. The Minutes - Annual Congregational Meeting 2018 — Oct. 23, 2018 Heather Hosfield, Congregational President

D. The Nominating Committee Report & Elections Joe Edwards, Sondi Johnson, Cheryl Michel, Andrea Ranstrom, John Swanson

1. Organizational Representatives

2. Voting

E. The Reports

1. President’s Report Heather Hosfield, Congregational President

2. Senior Pastor’s Report Pastor Zach Thompson, Senior Pastor

3. Financial Report Jerry Gates, Chief Financial Officer

4. Budget Approval

F. Calvary Community Services, Inc. Annual Meeting Steve Grygar, Chair 1. Minutes of Annual Meeting on Oct. 23, 2018

2. President’s 2019 Operations Report

3. Election of Board of Directors

G. New Business Heather Hosfield, Congregational President

H. Closing Prayer Pastor Zach Thompson, Senior Pastor

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Annual Congregational Meeting 2018Tuesday, Oct. 23, 2018

Congregational worship—Josh Hoaby & Aaron Petersen

Meeting called to order—Dave Kufahl, Council President

Opening Prayer—Pastor Zach Thompson

Motion to approve minutes of congregational meetings of 2018; motion passed

Nominating Committee Briefing—Mick Lee

• Members: Lois Bergquist, Pete Duelo, Becky Hofstad, Tim Johnson, Mick Lee

• Joshua—at age 95—thought he was nearing the end of his ministry; instead, God told Joshua he still had a lot of territory to cover. Calvary’s mission is nowhere near over: beginning of a new day

• This evening’s vote is historic and momentous

o Changing from a 33-member council to an 11-member council

o Purpose: to have a more strategic & nimble governing body to lead Calvary forward into the future

• Overview of Nominating Committee’s process

o Gathered applications

o Interviews

o Background checks

o Most importantly, every step and aspect of process was totally covered in prayer

Elections—Lois Bergquist, Becky Hofstad, Pete Duelo

• Introduction of Council members

o 4-year terms (choose 6)

o 2-year terms (choose 5)

• Introduction of Nominating Committee (choose 5)

• Introduction of Calvary Board Members

• Introduction of Organizational Representatives

• Marking & Collection of Ballots

The Reports

• The President’s Report—Dave Kufahl, Council President

o Statement of the mission of Calvary Lutheran Church

o After some challenging years, it’s a joy to be able to say, “It was a good year.”

o Highlights from the year

- January—over a million meals for FMSC

- Governance change for a new era

- Good financial end to the year

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- Arrival of our new Senior Pastor

o What is the future of Calvary? What does God have planned for us?

- Success in all missional areas

o We as a church can join Pastor Zach to refocus on our mission

- Francis Chan “Balance Beam” video

o Stepping out in faith can be scary, but necessary in order to be successful.

o This is the time to not play it safe; this is the time to use your gifts…let’s not let the fear of failing scare us from serving.

o It has been an honor and a privilege to serve you as president.

o Are you willing to lead people into a growing relationship with Jesus Christ?

• Senior Pastor’s Report—Zach Thompson, Senior Pastor

o Thank you for the warm welcome to myself and my family

o We are so excited to see what God is doing in this place

o Matthew 28

- How are we doing at that mission? At our mission?

- 80% of churches in a America have plateaued or are failing

- Our mission is urgent; in our community there are people dying without a savior.

o Is there something else we can do to reach more people to reach people for Christ?

o Mission and Vision

- God determines this: this will never change and we need to be in agreement

- Beliefs—who

o What we believe in; makes us who we are. What are the things we are willing to give our life for?

- Core Values—who

o What we do and who we are

o Acts 2

- Follow Jesus

- Grow in faith

- Build community—small groups campaign starting in January

- Serve others

- Live generously

- Purpose—why

o Why are we called to be here

o John 3:16

- God’s purpose is to save the world because He loves the world

o Matthew 22

- We love people so much that we don’t want to see them perish

- Mission—what

o We need to celebrate when the lost are found

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- Strategies—how

o These need to be fluid and flexible

o Starts with the foundational elements

o Ex. Small groups

- Goals—where/when

o We need to have a target

o Starts with the foundational elements

• Financial Report—Jerry Gates, chief financial officer

o Thank you to all that have supported us in this last year

o It was a difficult year due to a lot of unexpected issues; however, we finished the year in a good position

o Review of completed 2018 budget

- Church operating results exactly as we anticipated

- There was a considerable amount of money needed in the last year to repair the chapel ($500,000-$600,000). We expect the remaining cost will be $250,000.

- Highlights

o FMSC—raised $250,000 and packed over 1 million meals

o MN Teen Challenge—raised $17,000

- Total Revenues for 2018—just over 5 million dollars

- Churchwide surplus of $177,000

o Building loan

- Paid off $240,000 last year. Just under $3.8 million left on the loan

• 2019 Budget

o Reduction of $18,000 of giving because of holiday schedule and anticipated reduction in attendance

o Projected $215,000 surplus

o Motion to approve budget as shown; motion passed

Recess for Calvary Community Services, Inc. Annual Meeting—Dave Dahl

• Background & Overview of Calvary Community Services

• Minutes of Annual Meeting (Oct. 24, 2017)

• President’s 2018 Operations Report

• Election of Board of Directors

• Motion to approve new board members; motion passed

New Business

• Steven Opheim—thank you [to Dave Kufahl] for guiding our congregation from trial & tension to transition & trust…you nourished Calvary through your leadership.

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Announcement of Council & Nominating Committee Elections

• Council

o Four-year term: Garnet Arroyo, Laura Jensen, Stuart McFarland, Lloyd Nelson, Phil Reesnes, Jon Stepan

o Two-year term: Heather Hosfield, Anne Kaluza, Dave Kufahl, Cory Maass, Scott Madson

• Nominating Committee (two-year term): Joe Edwards, Sondi Johnson, Cheryl Michel, Andrea Ranstrom, John Swanson

Closing Prayer

Meeting Adjourned

Submitted by Marisa Houghland

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Committee Candidates & Appointees

Committee Candidates

Calvary Columbarium Board - Gary Dahlgren, Chuck Misner

Calvary Community Service, Inc. - John Schaefer, Gary Scharmer, Don Stevenson

Calvary Endowment Board - Ted Fokken, Steve Grygar, Warren Tang

Hunger & Human Needs Committee - Rande Garnett, Larry Glass, Bill MacPherson

Outreach Committee - Terry Farland, John McNamee, Cindy Polomny

Committee Appointees

Fairview Interfaith Health Collaborative - Cindy Engelkes, Pastor Skip Reeves

Lake Wapogasset Lutheran Bible Camp - Jason Roton

Plymouth Christian Youth Center - Marijo Graversen

PRISM - John McNamee

Current Council Members

Garnet Arroyo

Heather Hosfield (President)

Laura Jensen

Anne Kaluza

Dave Kufahl

Cory Maass

Scott Madson (Treasurer)

Stuart McFarland (Secretary)

Lloyd Nelson

Phil Reesnes (Vice President)

Jon Stepan

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Congregational President’s ReportHeather Hosfield, Congregational President

When school starts and temperatures fall, we begin to reflect on the year that is quickly coming to an end. As this year concludes and we look to next year and beyond, I am grateful for the work the Spirit has done in 2019 and I am excited for His plans for Calvary’s future.

The year 2019 began with a renewed focus on small groups. Scripture reminds us that spiritual growth best happens in a small group. We had 44 new groups formed for the January kickoff. Additionally, we have 33 small groups participating in the “Benefit of the Doubt“ sermon series. In 2020, we will have a new opportunity for small groups to study the Book of Ephesians. New and existing groups are encouraged to take part in this opportunity to create unity throughout Calvary. Thank you to Pastor Carol Skjegstad for her work in coordinating all our small groups!

We started our Chapel renovation project with the goal to create a world-class traditional worship space. Fundraising efforts started early in the year, architecture plans were announced at the March vision event, and workers were able to break ground over the summer. The focus was both cosmetic and acoustic. We were able to receive a new organ for the space, and to update the chancel area, Communion rails and lighting. Thank you to Matt Bromander for coordinating all our building efforts!

On Kickoff Sunday we held the Ultimate Tailgate Party. At the party we served close to 700 meals! We also raised money to pay for school lunches in Robbinsdale. The party gave many people in our surrounding community that have never been in our church (or perhaps any church before) an opportunity to come and learn more about Calvary. Thank you for serving and reaching out and inviting! On Kickoff Sunday we also began our new worship schedule, having both service styles at 9 and 10:30 a.m. I was thrilled to invite a friend after explaining this new opportunity, which allows for more freedom on Sunday mornings. The entire day was a great way to build community inside and outside of Calvary!

2019 ushered in a new council structure, which was approved by the congregation in August 2018. There are three important details about this change. Previously the council was comprised of 33 members, serving three-year terms, with 11 new members each year. The new structure has 11 members, serving four-year terms*, with five or six new members** every two years. The Executive Committee, which included officers and at-large Council members, was dissolved. 2019 is not an election year for council positions. Thank you to all members on previous councils and governance committees who laid the foundation for the current council and many more to come to be successful in carrying out Calvary’s mission.

This summer, we said goodbye to Pastor José Macías. We know his new position as Associate Dean for Intercultural Programs at Bethel University will make a lasting impact on future generations. After we learned of his plans, the council voted to continue the Spanish service at 10:30 and provide Spanish translation during the modern service on the first Sunday of each month. We ask that you continue to pray for this service and its attendees.

Looking back at this past year, there is a long list of highlights.

In January, Calvary volunteers packed more than one million meals for Feed my Starving Children. There were also serving opportunities with Calvary Works, the Community Meal, Families Moving Forward, Habitat for Humanity, MOPS and many, many more events to serve our community. Calvary continues its legacy of serving our community for the Kingdom. Thank you to every volunteer and staff member who makes each event and project possible!

We welcomed new staff to our NextGen Ministries (formally Children, Youth and Family) team. Sarah Lageson (Middle School Director) and Katelyn Mapes (High School Director) joined the NextGen team just in time for the school year to begin. In September, NextGen kicked off a new partnership with District 281. The Jump! After-school Program busses kids from nearby Neill Elementary School for afternoon programming and homework help. It brings families in our doors who may not otherwise come and invites them to stay for the

Heather Hosfield, Congregational President

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Community Meal and even Thursday night service. Calvary’s focus of investing in youth as future leaders in the church and in the world endures today.

On July 21, we celebrated several lives committed to Christ through Baptism and remembrance of Baptism. It was a joyous day in the Park and in Heaven!

And day by day, attending the temple together and breaking bread in their homes, they received their food with glad and generous hearts, praising God and having favor with all people. And the Lord added to their number day by day those who were being saved. (Acts 2:46-47)

Acts 2 teaches us that to grow in our relationship with Christ we need to follow Jesus, build community, serve others and live generously. It is in Calvary’s DNA to honor our past and look to our future. Calvary was started as a church plant in a relatively undeveloped suburb and has continued to serve its community with the passion to reach the spiritually lost. Although we have changed over the last 73 years, together we have always pursued the mission to lead people into a growing relationship with Jesus Christ. Thank you for your commitment to this mission! We are part of the whole body, joined and held together by every joint with which it is equipped, when each part is working properly, make the body grow so that it builds itself up in love (Ephesians 4:16).

It has been an honor to serve Calvary this past year. I thank council, staff, lay leaders, volunteers and you in your work this year to further His Kingdom. n

*Currently five members from the previous council are serving two-year terms to assist with the transition to the new council structure.

**The number of positions open for election

2019 2018

Members as of Aug. 31 3,373 3,384

Total worship attendance 41,734 42,174

Average weekly 818 843 worship attendance

Membership & worship attendance

2019 2018

New members 42 16

Baptisms 29* 33

Weddings 3 7

Funerals 40 44

*Plus seven remembrance of Baptisms

New members & life events

Exciting fall metricsAverage worship attendance (Sept. 5-Oct. 6, 2019) 910

First Steps new member class attendees 35

Grace Place attendance +25% on average

Wednesday Night Live & Next average weekly attendance 105

ANNUAL REPORT 2019 11

Senior Pastor’s ReportPastor Zach Thompson, Senior Pastor

What an amazing year we have had as a church! There are signs of growth all over the place! The most important question we need to keep asking as a church is whether we are accomplishing our mission to lead people into a growing relationship with Jesus Christ. This is our marching order from Jesus himself (Matthew 28:19-20). This needs to be at the heart of every single thing we do. I believe this year we have begun to see our mission lived out in many positive ways. There is so much for us to celebrate!

Following Jesus We believe following Jesus is a growing experience. That means every one of us can take another step of faith! As a church we hope to see many people taking their first steps of faith. There are more than 200,000 people within a 10-mile radius who don’t know Jesus. That’s our mission field! We celebrated many Baptisms throughout the year, including the highlight for me, several adults being baptized or remembering their Baptisms in Calvary Park this past summer. We had dozens of people put their faith in Christ for the first time at our worship experiences. We had even more people recommit their lives to Jesus. The Bible tells us there is a party in heaven whenever one lost person is found. Let’s keep the party going in heaven! Let’s continue to pray for people to come to faith. Then let’s all continue to be “followers in progress” and continue to grow in our own faith through building community, serving others and living generously.

Building community We believe that spiritual growth best happens in a small group. We have had hundreds of people join small groups this past winter, spring and fall. I have heard countless stories of how groups have influenced people’s faith and have helped them grow relationally and spiritually. We are created for community. We need each other. We are better together. If you’re not participating in a small group, don’t wait another minute. Let’s continue to be a church that gathers in circles, not just rows.

Serving others We were created on purpose for a purpose. We are meant to be spiritual contributors, not just spiritual consumers. God has given all of us unique gifts, talents and passions to be used to make a difference in other people’s lives. I am so thankful for the many Calvary people finding ways to serve people inside and outside our walls in Jesus’ Name. What if every single person who worships at Calvary would also find a way to serve? What if every one of us found a way to show our community that God loves them and is for them? We could start a revolution!

Living generously God calls us to live with open hands when it comes to all that He has given us—our money, time, talents and energy. Everything we have is His in the first place. We don’t own it, we’re just caretakers. God invites us to make a kingdom investment—to invest into His mission to save people. When we do, we receive an eternal return on our investment. This year our budget is a leap of faith as we seek to follow God’s lead. Please prayerfully consider how God is calling you to invest in His mission at Calvary this year.

In this new year, I believe God is calling us to especially focus on these areas:

Creating an invitational culture We have seen more and more new faces coming through our doors. People all around us are searching for answers and are seeking community and connection. We have what the world needs: the Good News of the Gospel! What if every Calvary attendee would invite at least one new person to church this year? Imagine the growth we would see!

Father’s heart for people We need to be reminded again and again that the church doesn’t exist for us, but we exist for the world. God is on a mission to save lost people. John 3:16 makes it clear that “God so loved the world that he gave his only Son…” As a church we need to have that same heart for people. We need to continue to put aside our own wants and desires in order to reach people with the Gospel. Let’s pray daily for our

Pastor Zach Thompson, Senior Pastor

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hearts to be transformed so that we have God’s heart for people.

More community impact People don’t care what we know or say until they know we care. Does our community know we are for them? Would they even notice if we weren’t here? We need to keep finding ways to reach out and share the everlasting love of Jesus. Let’s find ways to meet the needs around us. And then let’s all take a step of faith and use our gifts and talents to make a difference in other people’s lives.

Friends, I am excited about what God is doing in and through Calvary. I believe great things are in store for us if we continue to stay laser-focused on Jesus’ mission!

Now all glory to God, who is able, through his mighty power at work within us, to accomplish infinitely more than we might ask or think. Glory to him in the church and in Christ Jesus through all generations forever and ever! Amen. (Ephesians 3:20-21) n

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Calvary Community Services, Inc.Steve Grygar, Chair

Calvary Lutheran Church of Golden Valley organized Calvary Community Services, Inc. (CCSI) in 1974 to provide senior housing as a ministry to our community. Calvary Center Apartments was built in 1981, as a part of the redevelopment of downtown Golden Valley. CCSI also sponsored the Calvary Center Cooperative in 1981 and, since completion, the residents became the owners and direct the management of the Cooperative. CCSI has retained control over Calvary Center Apartments.

Calvary Center Apartments has 80 apartments, a large community/craft room, exercise room, tub rooms and kitchen. The U.S. Department of Housing and Urban Development financially assists the residents with its Section 8 program. The building houses residents 62 years of age and over, as well as people with disabilities. We have consistently maintained high occupancy, but with apartment turnovers, we are always looking for new prospective tenants to add to our waiting list. The apartments are professionally managed for CCSI by Tapestry Management, LLC.

Resources available at the apartments include transportation to grocery stores and shopping centers, a beauty shop, a medical emergency call system, a mobile post office, a food wagon, a grocery program and a referral system to determine services available to maintain independent living standards. Resident programs and activities include but are not limited to Bible studies, exercise classes, Bingo, recycling and creating new greeting cards, a library, piano, organ, cable TV in the community room, and a resident council with monthly resident meetings, socials, cards, crafts and movies. Many of our residents also enjoy the free Community Meal held every Thursday at 5:30 p.m. at Calvary Lutheran Church. The building has a coordinator on staff to assist the residents with their individual changing needs, applying for services and provide resources when needed.

Improvement projects completed in the past 12 months included replacement of carpeting for eight apartments, one new appliance, two new fire exit doors, several replacement parts for the generator, air and dryer vent cleaning and installing a magnetic door holder for office door. We also completed roof inspection and repairs, and several boiler and PTAK (Packaged Terminal Air Condition) units were repaired including but not limited to replacment of vibration eliminator on boiler, and replacement of make-up air system parts and triple zone valve for pump #1 boiler. We also purchased a computer, printer and desk for the community room, replaced and repaired light poles and fixtures in the parking lot, and have scheduled tuck pointing for the northwest section of the building.

The current members of the Board of Directors are Steve Grygar (chair), Dave Dahl, Steve Engelkes, John Fischer, Bobby Griffin, Tod Hoaby, Gary Scharmer, Bob Stepan and Tim VanSlyke. Dave Dahl has completed two three-year terms and is required to come off of the Board. Tod Hoaby has completed one three-year term and has elected not to serve a second term. Gary Scharmer has completed one three-year term and is willing to serve a second three-year term along with two new board members: John Schaefer and Don Stevenson. I ask for your approval and a motion to approve these three nominees. n

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Financial ReportJerry Gates, Chief Financial Officer

The following pages summarize Calvary’s 2019 financial results compared to the 2018 results and introduce our proposed budget for 2020. These pages reflect not only the ongoing generosity of those attending Calvary, but also a congregation who contributes much of their time and service to help further our mission to lead people into a growing relationship with Jesus Christ.

In short, we ended our fiscal 2019 year in a very strong financial position. Thanks to each and every one of you who gave so generously to Calvary this past year, as well as to those who increased their giving. We also want to express special thanks to those who contributed or pledged close to $370,000 toward our Chapel renovation project.

Compared to last year’s results at the church level, our total general offerings were down by $6,114. However, we were able to reduce expenses by $42,360. This reduction in expenses allowed us to end our fiscal year with a positive surplus of $57,208. Along with the generous financial commitment from those supporting Phase 1 of the Chapel renovation project, we have applied $50,000 from our positive surplus amount to this project. Remember, at the church level, our goal is to break even or show a small positive amount, which ended up at $7,208. By the time we add in the Early Childhood Education facility use fee of $126,500, we ended the year with a positive operating result of $133,708. To this church operating result, we then add the net positive Early Childhood Education surplus funds of $34,329. Our strong total net surplus result of $168,035 will allow us to cover many of the one-time unbudgeted expenses that are needed within our facility and ministry programs.

Total church and Early Childhood Education revenues and fees were $5,097,975, compared to $5,013,372 last year, or showed an increase $84,603. At the same time, churchwide expenses increased by $93,635 to $4,929,940, compared to $4,836,305 in 2018. This increase is the result of designating $50,000 to the Chapel remodeling project and reserving $40,000 for the Childcare Center kitchen upgrade expenses. Together with the generosity of Calvary’s contributors and the diligence of our staff in expense management, we ended the year with a total net surplus of $168,035, compared to $177,067 in 2018. We are very thankful for this positive end result for 2019.

During this past fiscal year, Calvary also raised $226,663 to go toward the expenses of packing 1,026,432 meals for Feed My Starving Children. Our Hunger & Human Needs offerings totaled a little more than $90,000.

The church level budget for 2020 is somewhat different from our results in 2019. Our total revenues are projected to be up $87,047 from 2019. However, expenses are projected to be up $239,043 from 2019. The net effect of this is that we will end the year with a projected shortfall of $94,788 over 2019. This increase in expenses is the result of two factors. First, during this past year there were open positions within the church staff resulting in lower than expected salary and benefit expenses. These positions have now been filled, thus increasing our salary and benefits expenses for 2020. Secondly, given changes to our youth and family programs, facilities upgrades, along with needed video production/social media and changes within our Guest Experience programs, we feel Calvary is now positioned for growth. When Early Childhood Education facility fee of $126,500 is added to our operations income, the net result is a positive amount of $31,712. This compares to $133,708 from 2019 or a difference of $101,996. Our Early Childhood Education programs are all projecting very positive results for the year. Their overall net surplus is projected at $35,436, which is very similar to 2019. With these results, we are projecting a year-end total net surplus of $67,144 at the churchwide level, compared to $168,035 in 2019.

For fiscal 2020, we want to continue encouraging Calvary attendees to increase their giving so that we not only maintain our current ministries, but also grow our impact throughout our local community and the world.

Calvary retains Olsen Thielen as our independent accounting firm to audit our financial records, to ensure proper use of our financial gifts and to monitor our expenditures against approvals by the congregation or Church Council. Their audit of our financial records covered fiscal 2018, and they agreed with the recording of our numbers. Calvary’s Audit Review and Council serve as the

Jerry Gates, Chief Financial Officer

ANNUAL REPORT 2019 15

Audit Committee, which works with representatives of the accounting firm to review the annual audit. Included in the audit are recommendations to keep our accounting policies in accordance with generally accepted accounting principles.

It has been my privilege and honor to serve as your Chief Financial Officer this past year and to experience firsthand the many ways that our ministry together changes lives. May God bless the year ahead! n

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Outreach Committee $165,982Alpha Twin CitiesAmazing GraceChrist for People Community MealFamilies Moving ForwardFeed My Starving Children Global Health MinistriesHabitat for Humanity Twin CitiesHope AcademyHospitality Center for the ChineseKinship of Greater MinneapolisLake Wapogasset Bible CampLake Wapogasset Bible Camp Capital Campaign Lutheran Health Care Bangladesh Lutheran Social Service of Minnesota - HousingLutheran World ReliefMissionShiftMission tripsNational Day of PrayerPlymouth Christian Youth Center PRISMRedeemer Center for Life World Mission Prayer League

Executive Committee Outreach $13,000Lake Wapogasset Bible Camp Capital CampaignLutheran Congregations in Mission for Christ

Missionaries $71,660Tacho & Sally Dominguez, Mazahua Valley Ministries (Mexico)Neeraj & Nijhar Ekka, World Mission Prayer League (India)Juan & Anne Fernandez, World Mission Prayer League (Bolivia)Tom & Mary Holman, Wycliffe Bible Translators (Ghana & Nigeria)Reid & Carolyn Lamphere, Athletes in ActionShahrazad Mohamed, IAFR (Canada)

Hunger & Human Needs $90,252Community Emergency ServicesDinner at Your DoorDodoma Tanzania Health DevelopmentFamilies Moving ForwardFeed My Starving ChildrenHome Free ShelterHouse of CharityInterfaith Outreach & Community PartnersKaleidoscopeKidPackLutheran Social Service of MinnesotaLutheran Volunteer CorpsLutheran World ReliefMetro Hope MinistriesPeace Rehabilitation CenterSamaritan’s PurseSecond Harvest HeartlandSimpson HousingSt. Stephen’s ShelterThe Food GroupZOOM House

Endowment Funds (grants disbursed) $140,185 Dornbusch Congregation Ministries FundEvelyn A. Helgeson Memorial Visitation FundLeland & Muriel Lindberg Youth FundMaynard & Nancy Nelson Missionary Scholarship FundNicholas Duelo Camper Scholarship Fund for Camp WapoOutreach FundPaulson Family Scholarship

Other contributionsBlock Party & Chili Cook-off Community MealGrace Place outreach givingFeed My Starving Children MobilePack™ eventYouth mission trips

2018-2019 contributions to Calvary’s local & global partners

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Actual Actual DifferenceRevenues 2019 2018 2019 to Unrestricted 2018 General Offerings

1 Cash Offerings 29,590 18,660 10,930 12 Festival Envelope Offerings 50,498 56,429 -5,931 23 Grace Place Offerings 639 618 21 34 Confirmation Offerings 870 1,171 -301 45 General Fund and Bldg. Offerings 3,169,673 3,199,823 -30,150 56 Gifts & Memorials Offerings 32,376 13,060 19,316 67 Total General Offerings 3,283,646 3,289,760 -6,114 78 Other Unrestricted Revenue 89 Weddings & Misc. Fees 2,064 3,450 -1,386 9

10 Non Operating Revenue Int./Div. 14,487 11,486 3,001 1011 Total Unrestricted Revenue 3,300,197 3,304,696 -4,499 1112 Program Support Revenue 1213 Total Program Support Revenue 301,868 284,482 17,386 1314 1415 Total Revenues 3,602,065 3,589,178 12,887 1516 Total Expenses 3,544,857 3,587,217 -42,360 1617 Chapel Renovation Expenses 50,000 0 50,000 1718 Church Operation Results (+/-) 7,208 1,961 5,247 1819 Early Childhood Education Facility Fee 126,500 126,500 0 1920 2021 Net Church Operating Results (+/-) 133,708 128,461 5,247 2122 2223 2324 2425 Actual Actual Difference 2526 2019 2018 2019 to 2627 Early Childhood Education 2018 2728 Child Care Center 2829 Child Care Center Revenue 934,618 912,898 21,720 2930 Child Care Center Expense 883,540 867,755 15,785 3031 CCC Kitchen Upgrade Reserve Exp. 40,000 25,000 15,000 3132 Total Child Care 11,078 20,143 -9,065 3233 Hourly Child Care 3334 Hourly Child Care Revenue 139,771 140,631 -860 3435 Hourly Child Care Center Expense 125,850 120,113 5,737 3536 Total Hourly Child Care 13,921 20,518 -6,597 3637 Pre-Kindergarten 3738 Pre-Kindergarten Revenue 295,022 244,165 50,857 3839 Pre-Kindergarten Expense 270,692 236,220 34,472 3940 Upgrade Reserve Exp. 15,000 0 15,000 4041 Total Pre-Kindergarten 9,330 7,945 1,385 4142 4243 Early Childhood Education Net (+/-) 34,329 48,606 -14,277 4344 4445 Total Church Wide Revenues & Fees 5,097,975 5,013,372 84,603 4546 Total Church Wide Expenses 4,929,940 4,836,305 93,635 4647 Total Net Surplus (+/-) 168,035 177,067 -9,032 47

Calvary Lutheran ChurchAnalysis Revenues & Expenses - Summary

Actual 2019 / Actual 2018

ANNUAL REPORT 2019 17

Calvary Lutheran ChurchAnalysis Revenues & Expenses - Summary

Actual 2019 / Budget 2020

Actual Budget $ DifferenceRevenues 2019 2020 2020 to Unrestricted 2019 General Offerings

1 Cash Offerings 29,590 29,806 216 12 Festival Envelope Offerings 50,498 51,000 502 23 Grace Place Offerings 639 639 0 34 Confirmation Offerings 870 900 30 45 General Fund and Bldg. Offerings 3,169,673 3,268,923 99,250 56 Gifts & Memorials Offerings 32,376 23,500 -8,876 67 Total General Offerings 3,283,646 3,374,768 91,122 78 Other Unrestricted Revenue 89 Weddings & Misc. Fees 2,064 2,400 336 910 Non Operating Revenue Int./Div. 14,487 14,400 -87 1011 Total Unrestricted Revenue 3,300,197 3,391,568 91,371 1112 Program Support Revenue 0 1213 Total Program Support Revenue 301,868 297,544 -4,324 1314 1415 Total Revenues 3,602,065 3,689,112 87,047 1516 Total Expenses 3,544,857 3,783,900 239,043 1617 Chapel Renovation Expenses 50,000 0 -50,000 1718 Church Operation Results (+/-) 7,208 -94,788 -101,996 1819 Early Childhood Education Facility Fee 126,500 126,500 0 1920 2021 Net Church Operating Results (+/-) 133,708 31,712 -101,996 2122 2223 2324 2425 Actual Budget $ Difference 2526 2019 2020 2020 to 2627 Early Childhood Education 2019 2728 Child Care Center 2829 Child Care Center Revenue 934,618 992,588 57,970 2930 Child Care Center Expense 883,540 965,473 81,933 3031 Less Kitchen Upgrade Reserve Exp. 40,000 15,000 -25,000 3132 Total Child Care 11,078 12,115 1,037 3233 Hourly Child Care 3334 Hourly Child Care Revenue 139,771 148,703 8,932 3435 Hourly Child Care Center Expense 125,850 134,579 8,729 3536 Total Hourly Child Care 13,921 14,124 203 3637 Pre-Kindergarten 3738 Pre-Kindergarten Revenue 295,022 248,330 -46,692 3839 Pre-Kindergarten Expense 270,692 239,133 -31,559 3940 Pre-K Upgrade Reserve Exp. 15,000 0 -15,000 4041 Total Pre-Kindergarten 9,330 9,197 -133 4142 4243 Early Childhood Education Net (+/-) 34,329 35,436 1,107 4344 4445 Total Church Wide Revenues & Fees 5,097,975 5,205,233 107,258 4546 Total Church Wide Expenses 4,929,940 5,138,089 208,149 4647 Total Net Surplus (+/-) 168,035 67,144 -100,891 47

CALVARY.ORG18

Calvary Lutheran ChurchRevenues and Expenses - Department Detail

Actual 2019 / Actual 2018

Actual Actual Actual Actual Actual Actual Net Inc. Diff.2019 2019 2019 2018 2018 2018 2019 to

Revenues Expenses Net Expenses Revenues Expenses Net Expenses 2018 General Offerings

1 Cash Offerings (29,590) (18,660) 10,930 12 Festival Envelope Offerings (50,498) (56,429) -5,931 23 Grace Place Offerings (639) (618) 21 34 Confirmation Offerings (870) (1,171) -301 45 General Fund & Bldg. Offerings (3,169,673) (3,199,823) -30,150 56 Gifts & Memorials Offerings (32,376) (13,060) 19,316 67 Total General Offerings (3,283,646) (3,289,760) -6,114 78 Other Unrestricted Revenue 89 Weddings & Misc. Fees (2,064) (3,450) -1,386 910 Non Operating Revenue Int./Div. (14,487) (11,486) 3,001 1011 Total Unrestricted Revenue (3,300,197) (3,304,696) -4,498 1112 Program Support Revenues/Expenses Net Exp. Diff. 1213 Administration 2019 to 2018 1314 Ministry Support (1,600) (510,195) -508,595 (0) 520,274 -520,274 11,679 1415 Personnel (56,816) (2,047,354) -1,990,538 (52,761) 2,052,957 -2,000,196 9,658 1516 Total Administration (58,416) 2,557,549 -2,499,133 (52,761) 2,573,231 -2,520,470 21,337 1617 Adult Education (3,055) (4,019) -964 (1,765) 3,936 -2,171 1,207 1718 Communications & Media (0) (31,120) -31,120 (0) 39,939 -39,939 8,819 1819 Congregational Care (7,844) (8,825) -981 (4,069) 7,946 -3,877 2,896 1920 Facilities (46,455) (426,109) -379,655 (40,909) 418,897 -377,988 -1,667 2021 Food Services (59,976) (68,091) -8,116 (56,046) 59,564 -3,518 -4,598 2122 Grace Place (4,471) (14,760) -10,289 (9,676) 23,515 -13,839 3,550 2223 Guest Experience & New Members (200) (14,915) -14,715 (4,172) 17,347 -13,175 -1,540 2324 Latino Ministries (0) (7,602) -7,602 (1,800) 10,294 -8,494 892 2425 Music Worship & Arts (3,126) (34,479) -31,353 (3,239) 36,139 -32,900 1,547 2526 Music Special Events (3,230) (6,126) -2,897 (15,965) 19,942 -3,977 1,080 2627 Nursery & Cradle Roll (30) (1,589) -1,558 (619) 1,280 -661 -897 2728 Outreach 2829 Executive Outreach (0) (13,000) -13,000 (0) 13,000 -13,000 0 2930 Grace Place Outreach (546) (546) 0 (618) 618 0 0 3031 Missionaries (0) (71,660) -71,660 (0) 87,220 -87,220 15,560 3132 Outreach Committee (0) (165,982) -165,982 (0) 163,800 -163,800 -2,182 3233 Total Outreach (546) 251,187 -250,641 (618) 264,637 -264,019 13,378 3334 Parish Care (0) (2,216) -2,216 (0) 2,400 -2,400 184 3435 Prayer & Healing Ministry (4,992) (4,767) 225 (3,622) 4,834 -1,212 1,437 3536 Women's Ministry (18,522) (19,490) -968 (21,458) 22,052 -594 -374 3637 Youth & Family (91,006) (92,012) -1,006 (67,763) 81,264 -13,501 12,495 3738 Total Program Support (301,868) (3,544,857) -3,242,989 (284,482) (3,587,217) -3,302,735 59,746 3839 0 3940 Church Operating Results (3,602,065) (3,544,857) 57,208 (3,589,178) (3,587,217) 1,961 55,247 4041 Chapel Renovation Expenses (0) (50,000) -50,000 0 -50,000 4142 Early Childhood Education Facility Fee 126,500 126,500 0 4243 4344 Net Church Operating Results (+/-) 133,708 128,461 5,247 4445 4546 4647 4748 Actual Actual Actual Actual Actual Actual Net Inc. Diff. 48

49 Early Childhood 2019 2019 2019 2018 2018 2018 2019 to 49

50 Education Revenues Exp. & Res. Net Expenses Revenues Exp. & Res. Net Expenses 2018 5051 5152 Child Care Center 934,618 923,540 11,078 912,898 892,755 20,143 -9,065 5253 5354 Hourly Child Care 139,771 125,850 13,921 140,631 120,113 20,518 -6,597 5455 5556 Pre-Kindergarten 295,022 285,692 9,330 244,165 236,220 7,945 1,385 5657 Total Early Childhood Education 34,329 48,606 -14,277 5758 5859 Total Church Wide Revenues & Fees 5,097,975 5,013,372 84,603 5960 Total Church Wide Expenses 4,929,940 4,836,305 93,635 6061 Total Net Surplus (+/-) 168,035 177,067 -9,032 61

ANNUAL REPORT 2019 19

Actual Actual Actual Budget Budget Budget Net Inc. Diff.2019 2019 2019 2020 2020 2020 2020 to

Revenues Expenses Net Expenses Revenues Expenses Net Expenses 2019 General Offerings

1 Cash Offerings 29,590 29,806 216 12 Festival Envelope Offerings 50,498 51,000 502 23 Grace Place Offerings 639 639 0 34 Confirmation Offerings 870 900 30 45 General Fund & Bldg. Offerings 3,169,673 3,268,923 99,250 56 Gifts & Memorials Offerings 32,376 23,500 -8,876 67 Total General Offerings 3,283,646 3,374,768 91,122 78 Other Unrestricted Revenue 89 Wedding & Misc. Fees 2,064 2,400 336 9

10 Non Operating Revenue Int./Div. 14,487 14,400 -87 1011 Total Unrestricted Revenue 3,300,197 3,391,568 91,371 11

12 Program Support Revenues/Expenses Net Exp. Diff. 1213 Administration 2020 to 2019 1314 Ministry Support 1,600 510,195 -508,595 2,400 517,820 -515,420 -6,825 1415 Personnel 56,816 2,047,354 -1,990,538 58,400 2,210,306 -2,151,906 -161,368 1516 Total Administration 58,416 2,557,549 -2,499,133 60,800 2,728,126 -2,667,326 -168,193 1617 Adult Education 3,055 4,019 -964 2,500 11,700 -9,200 -8,236 1718 Communications & Media 0 31,120 -31,120 0 29,800 -29,800 1,320 1819 Congregational Care 7,844 8,825 -981 7,685 8,698 -1,013 -32 1920 Facilities 46,455 426,109 -379,655 46,824 468,500 -421,676 -42,021 2021 Food Services 59,976 68,091 -8,116 58,110 63,257 -5,147 2,969 2122 Grace Place 4,471 14,760 -10,289 4,150 24,575 -20,425 -10,136 2223 Guest Experience & New Members 200 14,915 -14,715 0 20,100 -20,100 -5,385 2324 Latino Ministries 0 7,602 -7,602 0 12,000 -12,000 -4,398 2425 Music & Worship 3,126 34,479 -31,353 2,950 41,255 -38,305 -6,952 2526 Music Special Events 3,230 6,126 -2,897 0 3,000 -3,000 -103 2627 Nursery & Cradle Roll 30 1,589 -1,558 0 800 -800 758 2728 Outreach 2829 Executive Outreach 0 13,000 -13,000 0 7,000 -7,000 6,000 2930 Grace Place Outreach 546 546 0 450 450 0 0 3031 Missionaries 0 71,660 -71,660 0 81,904 -81,904 -10,244 3132 Outreach Committee 0 165,982 -165,982 0 162,500 -162,500 3,482 3233 Total Outreach 546 251,187 -250,641 450 251,854 -251,404 -763 3334 Parish Care 0 2,216 -2,216 0 2,040 -2,040 176 3435 Prayer & Healing Ministry 4,992 4,767 225 3,560 3,775 -215 -440 3536 Women's Ministry 18,522 19,490 -968 20,240 24,700 -4,460 -3,492 3637 Youth & Family 91,006 92,012 -1,006 90,275 89,720 555 1,561 3738 Total Program Support 301,868 3,544,857 -3,242,989 297,544 3,783,900 -3,486,356 -243,367 3839 3940 Church Operating Results 3,602,065 3,544,857 57,208 3,689,112 3,783,900 -94,788 -151,996 4041 Chapel Renovation Expenses -50,000 0 50,000 4142 Early Childhood Education Facility Fee 126,500 126,500 0 4243 4344 Net Church Operating Results (+/-) 133,708 31,712 -101,996 4445 4546 4647 4748 Actual Actual Actual Budget Budget Budget Net Diff. +/- 48

49 Early Childhood 2,019 2,019 2,019 2020 2020 2020 2020 to 49

50 Education Revenues Exp. & Res. Net Expenses Revenues Expenses Net Expenses 2019 50

51 5152 Child Care Center 934,618 923,540 11,078 992,588 980,473 12,115 1,037 5253 5354 Hourly Child Care 139,771 125,850 13,921 148,703 134,579 14,124 203 5455 5556 Pre-Kindergarten 295,022 285,692 9,330 248,330 239,133 9,197 -133 56

57 Total Early Childhood Education 34,329 35,436 1,107 5758 5859 Total Church Wide Revenues & Fees 5,097,975 5,205,233 107,258 5960 Total Church Wide Expenses 4,929,940 5,138,089 208,149 6061 Total Net Surplus (+/-) 168,035 67,144 -100,891 61

Actual 2019 / Budget 2020

Calvary Lutheran ChurchRevenues and Expenses - Department Detail

CALVARY.ORG20

ANNUAL REPORT 2019 21

CALVARY.ORG22

Un-AuditedASSETS Preliminary

Audit Numbers2018 2019

CURRENT ASSETS: Cash and Cash Equivalents 1,891,864$ 2,075,190$ Prepaid & Other Current Asset 157,214 39,350 Total Current Assets 2,049,078 2,114,540

INVESTMENTS AND OTHER ASSETS: Stock and Assets held for Sale 16,500 16,500 Endowment Investments 1,987,473 1,934,406 Total Investments and Other Assets 2,003,973 1,950,906

PROPERTY AND EQUIPMENT: Land and Land Improvements 1,069,054 1,069,054 Building and Equipment 27,363,801 27,753,386 Total Property and Equipment 28,432,855 28,822,440

TOTAL ASSETS 32,485,906$ 32,887,886$

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES: Current Portion of Long-Term Debt 223,435$ 233,520$ Account Payable 197,558 58,881 Accrued Payroll and PTO 118,958 117,963 Accrued Interest 17,338 16,578 Deferred Revenue 48,361 36,726 Total Current Liabilities 605,650 463,668

LONG-TERM LIABILITIES: Mortgage Payable Long-Term Portion 3,614,516 3,380,996

NET ASSETS: Net Assets Without Donor Restrictions : Undesignated 264,231 482,548 Designated for Property and Equipment 24,594,904 25,207,924 Designated for Other Purposes 2,159,705 1,712,781 Total Net Assets Without Donor Restrictions 27,018,840 27,403,253 Net Assets With Donor Restrictions 1,246,900 1,639,969 Total Net Assets 28,265,740 29,043,222

TOTAL LIABILITIES AND NET ASSETS 32,485,906$ 32,887,886$

Calvary Lutheran Church of Golden ValleyStatement of Financial Position

August 31, 2018 and 2019

The mission of Calvary Lutheran Church

is to lead peopleinto a growing relationship

with Jesus Christ