1 / 25

Congregation Kol Shofar President’s Report

Congregation Kol Shofar President’s Report. May 2014. Mission Statement.

tola
Download Presentation

Congregation Kol Shofar President’s Report

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Congregation KolShofarPresident’s Report May 2014

  2. Mission Statement KolShofar is a dynamic congregation rooted in the enduring values of Jewish traditions, while embracing innovations that enrich contemporary Jewish life. We cultivate personal spiritual growthand connection to a caring community. Together we create meaningful, accessible experiences of learning, prayer, service, and celebration to help people of all ages and diverse backgrounds live more purposeful lives and improve the world.

  3. KolShofar Objectives • Retain/Build/Expand Our Community • Ensure Long-Term Financial Stability • Provide for Lay Leadership Development and Succession

  4. KolShofar Objectives • Retain/Build/Expand our Community • Elevate the Congregant Experience • Relational Emphasis • Ambassador program • Neighborhood clustering • Communications • New website • Use of social media • Feedback • Community experience survey • Ongoing program evaluation

  5. KolShofar Objectives • Retain/Build/Expand our Community (con’t.) • Elevate the Congregant Experience (con’t.) • Increased facility usage • Modification of the CUP • Personnel • Renewal for Rabbi Chai Levy • Renewal for Jonathan Emanuel • Enhanced review process • Greater Transparency • Board member roles and accessibility • Mid-year financial update • Fridays at KolShofar

  6. KolShofar Objectives • Retain/Build/Enhance our Community (con’t.) • Enhance our Content and Offerings • Youth Engagement • Torah project • Madrikhim program and Teen Recognition ceremony • Junior Kadima youth group • Youth-led Friday night services • Adult Engagement • Varied approach to prayer • Breadth in Learning • Robust Bridges to Israel program • Parent study on Kol Shabbat

  7. KolShofar Objectives • Retain/Build/Enhance our Community (con’t.) • Enhance our Content and Offerings • New TikkunOlam initiatives • Exploration of alternative ritual practices

  8. KolShofar Objectives • Ensure long-term financial stability: • Balanced Budget • Annual Campaign • Annual Gala • Preparation for New Capital Campaign • Evaluation of alternative affiliation models

  9. KolShofar Objectives • Provide for lay leadership development and succession • Volunteer Concierges • Enhanced Board nominating process

  10. Congregation KolShofarTreasurer’s Report May 2014

  11. First—A Huge “Thank You”! • To our Staff: • Pam Louie—Financial Manager • Nancy Drapin—Executive Director • Daliah Neuberger—Bookkeeper • To our Budget Committee: • Past and Future Treasurer Steve Grossman • Board Member Rachel Fierberg • To our Bank Negotiating Team: • Howard Zack, Norman Traeger, and Steve Grossman

  12. 2013-2014 Financial Highlights • Net Membership Growth of 12 Families (2.5%) • Record Annual Fund Giving (Combined Campaign) • Record Gala Proceeds (Waxman Tribute) • Projected Total Revenues of $1,880,000 • Projected Breakeven Results • Re-Financed Building Mortgage

  13. 2014-2015 Proposed Budget • Total Revenues of $1,897,000—1% Increase • 3% Growth in Membership Revenue • 12% Higher Tuition • 13% Lower Fundraising Revenue • Total Expenses of $1,890,000—Flat • 4% Higher Compensation Expense • 9% Lower Operating Expense • Projected Small Bottom Line Surplus!

  14. Where our Money Will Come From

  15. Where Our Money Will Go

  16. Compensation Cost Components

  17. Operating Cost Components

  18. KolShofar Budget Fun Facts! • Tuition Covers only 56% of the cost of educating our children • 84% of Gala Revenue goes to support CKS • Total Operating Costs/Family--$4,090 • Revenue Required/Family--$3,160

  19. Our Two-Part Mortgage • First Republic Bank • $3.5 million Five-Year Note • Total balance due September, 2018 • Floating rate (currently 4%) • $3.5 million Amortizing Loan • Payments based on 30 year repayment schedule • Fixed rate for ten years—4.5% • Balloon payment due September 2028

  20. The Capital Plan • New Debt Retirement Capital Campaign begins 2014/2015 • Goal—to at least retire debt coming due in 2018 • Re-finance Remaining Balance into New 30-year Mortgage, serviceable from operating revenues

  21. YasherKo’ach to our Capital Campaign Committee! • Co-Chairs: • Michael and Karen Young • Howard and Diane Zack • Additional Members: • Norman Traeger • Dan Weisman • DevorahStadtner

  22. Questions?

  23. Motion from the Board Approval of the Proposed 2014/2015 Budget

  24. Diane Zack • Decades of Dedicated Service to KolShofar • 1995 Joined KolShofar Board • 1997-2000 VP Financial Resources • 2002-2005 VP Administration/Operations • 2005-2007 President • 2007-2010 Immediate Past President • 2010-2014 VP Capital Development

  25. Diane Zack • Additional Leadership Roles • Co-Chair Building Capital Campaign (Over $17 million in pledges) • Catalyzed the Southern Marin JCC Preschool • Established the New Torah Fund • Chaired Alternative Revenue projects • Chaired numerous Galas and Donor Appreciation events

More Related