All Saints' Episcopal Church 2021 Annual Report

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Dear Saints,
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The Rev. Dr. Simon Mainwaring,
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Kathy Roberts,
Children’s Ministries
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Hope Westervelt,
Youth Ministries
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Karol Kimmell,
Children & Youth Choirs
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Jill Gossett,
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Lori Guarisco,
Threads
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Louisa Merchant,
Refugee Ministries
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Midtown Assistance Center
Covenant Community
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The Peoplestown Partnership
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The Rev. Dr. Andrew Barnett,
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Dr. Kirk Rich,
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Ellen Hayes,
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The Rev. Sarah Stewart,
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Nancy Dodson,
Financial Statement of Operations: 2021
For the Period January 1, 2021 to December 31, 2021
FISCAL YEAR
BUDGET YTD
FISCAL YEAR
ACTUAL YTD
Income: Total Pledge Payments $2,957,297 $3,031,238
Non-Pledge Offerings 66,166 51,819
Easter & Christmas Offerings 29,395 18,748
Lease Income 78,136 103,985
Income from Special Funds 57,082 62,497
Funds Available from Endowment Distributions 413,070 413,070
Other Receipts & Investment Gains 17,767 137,833
Special Use of COVID Contingency Fund 152,000 -
Total Income
Disbursements: Ministry & Worship
$3,770,896
$595,848
$3,819,191
$612,003
Diocesan Pledge 318,876 318,876
Administration 950,030 956,389
Music 387,085 374,877
Missions 196,282 197,791
Adult & Childrens Education 141,850 136,579
Bank Debt Service 2,500 2,000
Building Operations & Maintenance 927,053 951,099
Parish Life & Newcomers (Growth) 165,438 194,869
Youth & Young Adult Programs 85,212 67,422
Total Expenses
$3,770,173
$3,811,904
Net Operating Funds 723 7,287
General Contingency 0 (7,251)
End of Period Accumulated Result $723 $37
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Budgeted Statement of Operations: 2022
For the Period January 1, 2022 to December 31, 2022
2022 BUDGET
Income:
Disbursements:
Total Pledge Payments (net of discount) $2,975,000
Non-Pledge Offerings 90,683
Easter & Christmas Offerings 30,000
Lease Income 58,350
Income from Special Funds 56,997
Funds Available from Endowment Distributions 443,693
Pritchett Center Income net of expenses 137,850
Other Receipts & Investment Gains 80,000
Special Use of COVID Contingency Fund 181,833
Total Income
Ministry & Worship
$4,054,406
$622,152
Diocesan Pledge 322,477
Administration 954,024
Music 438,431
Missions 210,705
Adult & Childrens Education 149,226
Bank Debt Service 2,500
Building Operations & Maintenance 1,023,612
Parish Life & Newcomers (Growth) 208,412
Youth & Young Adult Programs 122,867
Total Expenses
Net Operating Funds
$4,054,406
$0
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Endowment
Endowment Committee Members:
Sydney Cleland, Dan Pennywell, Sheldon Taylor, Mary Jo Bryan, John Frazer,
Catharine Burkett, Mike Nadal, David Aldridge, Bert Clark, Simon Mainwaring
For investment purposes All Saints' has one Endowment Fund (the General, Kenan and Ellis funds
were merged into the existing Endowment Fund) :
Endowment Fund Total Portfolio
3/31/2022
Market Value 3 months 1 year 3 years 5 years
$12,387,263 -6.41% 2.62% 9.63% 8.66%
Equity Only $8,785,409 -6.45% 6.11% 14.20% 12.23%
MSCI ACWI (Net)
-5.36% 7.28% 13.75% 10.00%
S&P 500 Index -4.60% 15.65% 18.92% 15.99%
Fixed Income Only $3,301,731 -6.02% -4.43% -0.14% 1.09%
Bloomberg Barclays Aggregate -5.93% -4.15% 1.69% 2.14%
Short Term $300,123 0.01% 0.01% 0.62% 0.95%
91 Day Treasury Bill 0.08% 0.12% 0.68% 1.10%
Accounts are managed by Truist Institutional Investment Advisors. The asset allocation is a combination
of active and passive funds.
The asset allocation target is 70% in high quality domestic and non-US common stocks:
30% in mostly high quality fixed income instruments.
NET INVESTMENT PERFORMANCE
Endowment Fund 5 Year Growth
Beginning Balance
Contributions
Distributions
3/31/2022 2021 2020 2019 2018 2017
$13,235,858 $11,965,244 $11,168,564 $9,533,077 $8,101,968 $6,637,876
- 98,074
- - 2,430,782 714,334
- (469,420) (462,711) (353,372) (323,253) (328,075)
(848,595) 1,641,960 1,259,391 1,988,859 (676,420) 1,077,833
Gains, Losses, and Income net of fees
End Balance $12,387,263 $13,235,858 $11,965,244 $11,168,564 $9,533,077 $8,101,968
Some new contributions made at the end of 2021 are in holding awaiting approval and transfer
into the Endowment in 2022
All Saints' Endowment, created October, 2001 and currently holds 38 named funds
All Saints' participates in the Consortium of Endowed Episcopal Parishes.
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Parish Membership: 2021
Membership statistics as of December 31, 2021.
All baptised members, as of December 31, 2020 2,613
GAINS LOSSES
Reaffirmed 5
Baptisms 16
Confirmed 71
Received 12
Transferred in 50
Restored 7
On Request -
Transferred out 28
Inactive 45
Deaths 18
All baptised members, as of December 31, 2021 2,683
Net Gain (Loss) 70
Baptisms 16
Marriages 6
Burials and Memorials 23
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Parish Communicants: 2012-2021
3,500
3,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2,500
2,000
1,500
1,000
500
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3,049
3,051
2,925
2,810
2,779
2,808
2,747
2,695
2,613
2,683
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Average Sunday Attendance: 2012-2021
800
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
700
600
500
400
300
200
100
701
690
750
709
710
689
649
622
472/590
267*/175**
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2021 Attendance | *In-person only: 267 / **Online only: 175 (Combined: 441)
Easter | In-person: 433 / Online: 405
Christmas Eve | In-person: 897 / Online: 491
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In service to the Saints
Dear friends,
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2020-2021 Vestry
Administrative, Facilities and
Program Staff
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