Spring 2019

POP
Financials
Prince of Peace’s recent Masterpiece
series provided a chance to discover
the gifts God grants us. We hope and
pray that God showed you new and
exciting things about who you are in
Christ and where He wants you to use those
gifts! Please continue to ponder how God
would have you invest with courage as you
use His great gifts for the glory of His kingdom!
Looking back to 2018, we give thanks for
all God’s people who have supported the
impactful POP missions and ministries
described in this publication. The year 2018
was a time of redirecting and rebuilding as
we planned deficit spending (budgeted net
income of -$36,117) in order to fully staff POP
and Crosspoint and move forward proactively
with a new vision for the future. While income
fell short of our goal by 7%, our spending was
held to 5% below budget, and the year ended
with net income of $46,022 below our budget
target.
The year 2019 started at a similar pace.
Income through February 2019 is 8% below
budget (or -$25,379), which includes year-todate
contributions of $8,270 to POP’s 3x50
goal. On the expense side, spending is 5%
below budget (or -$16,305) due to timing of
various expenses. Therefore, our net income
through February is $9,074 below our budget
target. Additionally, our general fund cash
balance remains in a solid position, which is in
line with expectations.
Please note that the sanctuary update
expenses are provided for in our large
equipment replacement fund and, as such, are
included in our annual budget plans. We were
excited to unveil these sanctuary updates on
Palm Sunday and pray that they enrich the
worship experience and bring honor and glory
to God for years to come!
Thank you again for your continued support
of God’s work in and through POP and
Crosspoint as we look forward to what God
will do through us all for His glory in 2019.
Year-To-Date (YTD) POP/Crosspoint
Income through February 2019
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
Budget
È 8%
È $25.3K
Actual
Other Ways
to Give to POP
Budget:
$306,109
Actual:
$280,730
Whether you’re looking for simplicity or tax
efficiency, or both, there are ways to give to
POP that might make your life easier while
helping you reach your goals!
Online/Text Gifts
Did you know that you can give to POP online
or via text? One-time or recurring gifts can
be made through secure credit card or bank
transfer with the help of Prince of Peace’s
online giving program. Online giving is a great
way to simplify your life or assure your gifts
make it to church regularly even if you can’t!
Visit pop.church/give to learn more.
Appreciated Securities Donations
Do you have stocks or bonds you’d really
like to sell and lock in your gains? Did you
know that if you make a gift of appreciated
securities directly to POP, you receive the
charitable deduction and avoid capital gains
tax? Curious? Discuss your options with your
tax or financial advisor, then contact Julie
Wettermann (julie@pop.church) for POPspecific
details.
IRA Charitable Rollovers
New laws provide seniors with some taxefficient
options for managing their IRAs!
If you are 70½ years old, some or all of
your Required Minimum Distribution may
be contributed directly to a charitable
organization like POP. You will avoid income
taxes on all or part of the donated amount
(subject to IRS rules). Contact your tax or
financial advisor to learn more and see if an
IRA charitable gift is appropriate for you.
SPRING 2019 | PRINCE OF PEACE LUTHERAN CHURCH 19