2014 columbia union annual report

EXPERIENCE the MISSION

2014 ANNUAL REPORT

HOW DO WE EXPERIENCE THE MISSION?

FROM THE PRESIDENT

For several years now, our motto in the Columbia Union has been “Experience the Mission.” This phrase aptly expresses how we as members and leaders relate to the mission of the worldwide Seventh-day Adventist Church.

That mission is “to call all people to become disciples of Jesus Christ, to proclaim the everlasting gospel embraced by the Three Angels’ Messages (see Revelation 14:6-12) and to prepare the world for Christ’s soon return.” It is closely supported by the vision statement, “Guided by the Bible and the Holy Spirit, we pursue this mission through Christlike living, communicating, discipling, teaching, healing and serving.”

In my experience, this is best understood individually and collectively in the context of action and experience. As a young adult, when I participated in a summer evangelism program, I sensed a need for God in the people I met and had the opportunity to share my faith with them.

This experience drew me closer to Jesus and led to my commitment to share His life-transforming message of love, grace and hope and invite people to accept Him as their Lord and Savior.

Here in the Columbia Union, we also experience the mission of Christ in many tangible ways:

Through our values.

Through our priorities.

Through our ministries of healing and education.

Through our administrative role of providing governance and support services for our conferences, schools, hospitals and other organizations.

And through our actions within the body of Christ—practicing what we preach, walking our talk, serving as the hands and feet of Jesus, and cooperating with the Holy Spirit to reach hearts and minds.

As we acknowledge the shared accomplishments in this report, may we all recommit ourselves to not just proclaiming, facilitating and funding the mission. May we all—men and women alike—truly seek to experience the mission.

Courage,

Dave WeigleyPresident

2Columbia Union Conference 2014 Annual Report

MISSION, VALUES & PRIORITIES

2011-2016 PRIORITIES

MISSION The Columbia Union Conference exists to advance and fulfill the mission of the Seventh-day Adventist Church in the Mid-Atlantic United States. We provide administrative leadership, governance, and support services to our conferences, ministries, healthcare networks, elementary and secondary schools, college and university. Above all, we assist and enhance the ministry of these organizations in sharing the Three Angels’ Messages and preparing people—locally and globally—for Christ’s soon return.

VALUES

In the Columbia Union Conference, we pray and strive to embrace and embody:

Christl ikeness | Unity | Respect | Excellence | Equality | Integrity | Service

Youth/Young Adults — Engage and partner with youth and young adults to further the mission of the church Evangelism — Impact our communities by revealing the love of Christ, inviting people to accept Christ as their Savior and sharing the distinct Seventh-day Adventist message Education — Foster excellence in spiritual and academic development in Adventist schools and support programs that promote affordability and increased enrollment

Local Church Revitalization — Promote healthy families and churches by uniting members through personal spiritual renewal and active engagement in ministry Innovation in Church Ministry — Embrace innovation in ministry to respond relevantly to the changing needs of our church and community Leadership Development — Maximize the vitality of the church by supporting leadership development, promoting effectiveness and assuring equality

The Columbia Union Conference will further the work of the Seventh-day Adventist Church by prioritizing:

3 Columbia Union Conference 2014 Annual Report

PRESIDENT’S REPORT 2014 HIGHLIGHTS

We voted to establish a young adult evangelism training initiative.

We named the first female vice president in our 119-year history.

TRANSITIONS

Jim Greene Executive Secretary (9 Years) New Jersey Conference 48.8 years total service

W. G. Nelson Dean of Academic Affairs (6 Years) Kettering College

Joyce Newmyer President (5 Years) Washington Adventist Hospital

Celeste Ryan Blyden Vice President for Strategic Communication and Public Relations

Ruben Ramos Vice President for Multilingual Ministries

Beth Michaels Visitor Editor

Tabitha Martinez Associate Treasurer

Nate Brandstater President Kettering College

Ruth Abbott Dean of Academic Affairs Kettering College

Terry Forde President and CEO Adventist HealthCare

Erik Wangsness President Washington Adventist Hospital

Tara VinCross Director Columbia Union REACH School

REACH SCHOOL OF EVANGELISM Based in Philadelphia, REACH Columbia Union Urban Evangelism School offers a unique and immersive learning experience in urban ministry. Students will develop a working understanding of the cycle of transformational evangelism through personal, public and literature evangelism. As they connect with people in the community to bring lasting change, they will learn valuable leadership and life skills.

We voted Pastor Tara VinCross, DMin, a young adult, to serve as director. She brings a wealth of experience having served in the Pennsylvania Conference as a senior pastor of an urban church, a church planter and director of their annual summer youth evangelism program. She will facilitate a diverse, hands-on experience in discipleship, community development, urban agriculture and various aspects of evangelism in partnership with churches in Philadelphia and across the Columbia Union.

In addition, we established a partnership and signed a memorandum of understanding with Washington Adventist University to offer 12 credits to our students. This will make our school the only accredited evangelism school, providing vibrant discipleship and academic excellence.

PROMOTED THANK YOU

WELCOME


SENATE PRAYER AND SYMPOSIUM

United States Senate Chaplain Barry Black invited me to serve as guest chaplain and open the March 4 session with prayer.

President’s Council visited Capitol Hill for a momentous experience. Walter Carson and Gary Ross organized an informative symposium on religious freedom and end-time events and Celeste Ryan Blyden worked with Chaplain Barry Black to coordinate the prayer, which aired live on C-Span2.

The prayer included six Bible texts and the “Doxology,” and espoused Adventist beliefs in creation, the Second Coming, religious liberty and community service.

Black is the first Seventh-day Adventist Senate chaplain and graciously hosted our conference presidents, union officers and vice presidents (pictured). “In 11 years, your group represents the greatest number of Seventh-day Adventist leaders who have ever visited my office,” he shared.

PRAYER FOR THE U.S. SENATE

Almighty God, Creator and Maker of all. Who sits enthroned above the Earth,

and in whom we live, move and have our being. We praise You from whom all blessings flow.

We thank You for Your sustaining power, for peace and for the freedoms we enjoy.

We ask Your blessing on our nation, leaders and lawmakers. Establish their steps,

and give them discernment and courage to act justly, love mercy and walk humbly.

Strengthen them to uplift those who are downcast, who need the compassionate

touch of a brother or sister’s hand. Above all, may Your Kingdom come, may Your will be done, and may we

readily incline our ears to Your call today. This we pray in Your holy and righteous name.

Amen.

YOUNG ADULT ADVISORY

We created a Young Adult Subcommittee to recommend ways to engage members of the Millennial generation.

“When it comes to reclaiming and re-engaging young adults, the Columbia Union wants to take the lead,” says Sanjay Thomas, chair of the special subcommittee (pictured) that includes: Natalie Chandler, Marcia Moore, Claudya Hernandez Barrientos, Tim Ko, Thomas and Jason Ridley—all members of the Columbia Union Executive Committee.

The Executive Committee approved their recommendations that each conference must have a young adult serve on the executive committee, and each should appoint a young adult coordinator.


A CARAVAN OF HOPENearly 50 people were baptized after New Jersey’s statewide campaign.

We recognized men and women who have faithfully served our Lord, church and community.

We supported the International Pathfinder Camporee, a once-in-a-lifetime learning experience for youth aged 10 to 15.

For the first time, the yearlong Caravan of Hope, an evangelistic effort across the state, was promoted to the New Jersey Conference English speaking churches. I had the priviledge of speaking at the Wayne (NJ) church for one week of the effort. The campaign yielded a total of 49 new members and many others rededicated their lives to Jesus.

PATHFINDER CAMPOREE Some 46,000 youth, parents and pastors gathered in Oshkosh, Wis., for the International Pathfinder Camporee themed “Forever Faithful,” and thousands of Columbia Union youth were among them. They spent several days worshipping, earning patches, learning new skills, making new friends from around the world and trading pins. Most Pathfinders only attend this quinquennial event once, and many commit their lives to Christ through baptism.

In addition, a record 16 local church Pathfinder teams advanced to the union level Pathfinder Bible Experience.

NOTABLE PERSONS OF HONOR2014 HONOREES

Terri Day, president, Kettering Adventist HealthCare Vince Waln, lay member and financial planner in Ohio Carl Rogers, special assistant to the president, Allegheny West Conference Peggy Lee, secretary/treasurer of the Columbia Union Revolving Fund Sandra L. Martin, director, ACTS9 Adventist Community Services Center in

Hagerstown, Md., represented by Mary Ellen Kirk Jim Greene, retiring executive secretary, New Jersey Conference Fred Manchur, CEO, Kettering Adventist HealthCare John Wagner, principal, Shenandoah Valley Academy (not pictured)

Honorees (L to R): Vince Waln, Carl Rogers, Peggy Lee, Mary Ellen Kirk on behalf of Sandra Martin, Jim Greene and Fred Manchur

Terri Day stands with Rob Vandeman, Dave Weigley and Seth Bardu.


SECRETARIAT

TREASURY

2009 2010 2011 2012 2013 2014

132,610136,193* 135,278*

137,782 139,571142,809

116.9119.5 119.3

122.6121.3

2010 2011 2012 2013 2014

Almost 4,500 people joined our church family in 2014, bringing union membership to 142,809.

We’re thankful for a tithe increase of $1.3 million in 2014.

HOW TITHE IS SPENT

• 4% Auditing

• 10% NAD & World Church

• 43% Operations

Washington Adventist University

Retirement

Returned to Conferences

11% •

14% •

18% •

*In 2010 and 2011, there were significant adjustments/corrections by several conferences as they transitioned to the eAdventist membership software, which impacted overall membership numbers.

Treasurer Seth Bardu started a two-year program to prepare assistant or associate conference treasurers for greater responsibilities. “We have to be intentional about providing sound leadership for the future,” he says. “The mission of the church drives everything we do, and that means going beyond the bottom line and understanding the policies of the church and how to relate to staff and board members, etc. It even means that we sometimes prioritize humanity over policy.”

His protégés complete homework assignments, onsite visits, opportunities to present the financial statement at local conference executive committees and read books on leadership.

UNIONWIDE TITHE INCOME (In Millions of Dollars)

The Columbia Union Conference retained $9.9 million in tithe during 2014, allocated as illustrated:

Rob Vandeman, executive secretary, serves as the official record keeper for membership and meeting minutes, etc. He lends administrative support and governance to our conferences, healthcare networks and university boards and committees; chairs them in my absence; and is a frequent presence at our local conference executive committees. He also chairs the Columbia Union K-12 Board of Education and is president and chairman of the board of WGTS 91.9 FM, our university’s radio ministry with more than 600,000 weekly listeners in the Baltimore–Washington area.

UNIONWIDE MEMBERSHIP


New president and CEO Terry Forde and his team unveiled a new logo that incorporates an artistic rendering of the Adventist flame and hosted health ministry leaders from across the nation who discussed the importance of faith in delivering healthcare. Adventist HealthCare Washington Adventist Hospital welcomed a new president and opened a comprehensive women’s breast care center that provides the latest advances. All three main hospitals in Maryland and New Jersey, as well as Adventist Home Health, earned noteworthy awards for quality and performance.

CEO Fred Manchur and his team continue to seek ways to share faith and hope with patients who visit their eight hospitals in and around Dayton, Ohio. Over 700 patients receive a card (below) each morning featuring passages of Scripture about God’s healing love and offering chaplaincy services. Visitors to all Kettering emergency rooms also receive a beautifully designed booklet that, since 2012, has yielded more than 500 requests for Bible studies.

These are followed up by Bible workers and volunteers from the local Adventist churches. In October they started a

60-second video devotional with Pastor Steve Carlsen (right) that’s seen by nearly 3,000 viewers each week. As they told employees

at their 50th anniversary celebration, “Worship is a conduit for healing.”

ADVENTIST HEALTHCARE

HEALTHCARE & EDUCATION MINISTRIES

KETTERING ADVENTIST HEALTHCARE

Adventist HealthCare helped bring more than 7,000 newborns into the world.

We celebrated 50 years of providing simple acts of service that make a difference in people’s lives.

$77 The amount in millions AHC provided in charity care

263 The number of Bible study requests received at Kettering hospitals in 2014


WASHINGTON ADVENTIST UNIVERSITY

At the annual campus revivals, 70 students gave their lives to Christ in baptism.

We continue to see new programs, renovations and upgrades on campus.

KETTERING COLLEGE

President Weymouth Spence is pleased with the strong Campus Ministries programs that are not only growing students spiritually, but leading them to commit their lives to Christ through baptism. The Education Department, led

by Jeanette Bryson (left), received endorsement from the North American Division Office of Education. The university met or exceeded all standards, earning the maximum six-year endorsement through 2020.

Kettering College, where we welcomed new president Nate Brandstater, continues to grow and expand. They gained approval for a doctoral program in occupational therapy, making Kettering College one of 14 such schools in the U.S. to offer an entry-level doctoral program for occupational therapy. They introduced a newly accredited three-year respiratory care bachelor’s degree, renovated the respiratory lab and the campus store and received the Distinguished Registered Respiratory Therapist Credentialing Success award.

248,800 The number of listeners who joined the WGTS 91.9 radio station prayer network

$9,000 The amount raised for the Good Neighbor House by 500 participants in the annual 5K


Vice president and general counsel Walter Carson, Esq., serves as legal counsel to the Columbia Union Conference Association, Columbia Union Revolving Fund and other ministries. In 2014 he spoke at churches throughout the union to spotlight religious freedom and hosted a symposium for union and conference leaders featuring Dwight Nelson, Douglas Morgan and Jon Paulien that also included a meeting with U.S. Senate Chaplain Barry Black. He continues to assist members in seeking workplace religious accommodations; earned a three-year Level A certification for the Union’s Planned Giving and Trust Services work from NAD’s Certification and Accreditation Committee; and provided counsel on a number of important legal matters.

OFFICE OF THE GENERAL COUNSEL

OFFICE OF EDUCATION

MINISTRIES & SERVICES

Vice president Hamlet Canosa, EdD, and his team provide purposeful servant leadership and administrative support and help schools make a measurable, positive difference in our local conference education ministries. In 2014 they assisted conferences with key leadership and program transitions; provided guidance and seminars in best practice and board governance; facilitated growth in the PreK-12 enrollment, seen in three of the last four years; advised and assisted Washington Adventist University with its educational evaluation process; and, in collaboration with the Commonweal Foundation, helped provide training for 80 more teachers in differentiated instructional strategies that directly impact individualized student learning.

88 Number of elementary and secondary schools in the Columbia Union

$1,150,000 Amount of funds distributed in trust and charitable gift annuities


This office ensures that the Lord’s work is performed in an orderly and proper manner.

This office nurtures, supports and facilitates excellence in education.

In her new role as vice president, Celeste Ryan Blyden transitioned from day-to-day editing of the Visitor magazine and its various platforms but continues to carry the publishing duties. She and her team launched a designated news website that drew more than 33,000 unique visitors. At the annual communication advisory, they presented awards of excellence to conference and institutional communication directors. She also met with a number of Adventists who work in government to discuss public relations opportunities for our churches.

OFFICE OF MULTILINGUAL MINISTRIES

OFFICE OF STRATEGIC COMMUNICATION AND PUBLIC RELATIONS

OFFICE OF MINISTRIES DEVELOPMENT

$325,000 Amount Bondurant secured to fund Columbia Union church planting projects

26,271 Number of Hispanic members in the Columbia Union

136,000 Number of people reached through Visitor print and online platforms

Vice president Frank Bondurant led in the creation of a Young Adult Advisory of members of our executive committee who share our passion to minister to and reclaim this segment of our membership. He also led in the development, planning, fundraising and promotion for our new Columbia Union REACH Urban School of Evangelism. He brought together the Allegheny East, Chesapeake and Potomac conferences to collaborate, plan and prepare for our Prophecies of Hope evangelism initiative with 100 churches in the Baltimore-Washington area. He administered evaluations of leaders at the union, two conferences and our university, and continued to serve as liaison between the NAD departments and ministries and our local conference departmental personnel.

In his new role as vice president, Rubén Ramos assists our conferences and ministries with efforts to reach ethnic groups in our eight-state region. Organizing evangelism efforts, planting churches and training lay members to work with pastors is an effective strategy that’s growing our Hispanic, Haitian and other ethnic ministries. In 2014 Ramos preached and conducted training events as part of the School of Discipleship for the Allegheny East, Chesapeake and Pennsylvania conferences; preached at several camp meetings; and led 13 weeks of revival that yielded 71 baptisms.


This office coordinates initiatives that target the many diverse cultures who live and work in the Columbia Union.

This office works to connect, engage and inspire our internal and external audiences.

This office partners with conferences to develop and support innovative ministries and initiatives.

INFORMATION TECHNOLOGY SERVICES

COLUMBIA UNION REVOLVING FUND

Through technology services, Harold Greene and his team keep our union operating and functional. In 2014 they continued to provide daily network, accounting and payroll support throughout the Columbia Union; oversaw the unionwide conversion to Office 365; upgraded the office audiovisual design and equipment; and upgraded the network at Highland View Academy.

It has been 47 years since the Columbia Union established a revolving fund to plant seeds of growth. Led by secretary/treasurer Peggy Lee, CURF continues to make ministry possible by funding purchasing, building and renovation projects. In 2014 they voted 64 new loans, most of which has been drawn, bringing their total to 301 loans outstanding, with a total loan balance of over $98.59 million.

64 Number of new loans granted in 2014

400 Number of users moved to Office 365 email

This $5 million, 25,000-sq.-ft. facility will serve the worship, ministry and outreach needs of Potomac Conference’s Restoration Praise Center in Bowie, Md.


ITS supports our mission by connecting people and data for effective and efficient communication.

Since 1968 CURF has provided low-interest funding for our churches, schools and ministries.

FINANCIAL STATEMENTSSTATEMENT OF FINANCIAL POSITIONPeriod Ending December 2014 and 2013

OPERATING PLANT OTHERS TOTAL TOTAL ASSETS FUNDS FUND FUNDS 12/2014 12/2013 Current Assets Cash and Cash Equivalents 1,614,847 - - 1,614,847 2,451,087 Investments 1,945,468 - - 1,945,468 1,425,322 Accounts Receivable 8,756,096 - - 8,756,096 8,180,868 Notes and Loans Receivable 4,937,743 - - 4,937,743 4,854,382 Inventory 55,600 - - 55,600 59,034 Prepaid Expense and Other Current Assets 106,526 - - 106,526 96,625 Cash held for Agency Funds 77,452 - - 77,452 93,137 Inter-Fund Receivables* 6,085 16,508 - - - Total Current Assets 17,499,818 16,508 - 17,493,733 17,160,455 Plant Assets (Net) - 3,020,715 - 3,020,715 3,094,611 Other Assets Cash and Investiment - Non-Operating - 5,412,488 384,138 5,796,626 5,436,966 Accounts Receivable - Annuity Fund - - - - 7,200 Notes Receivable, Long-term - 3,974,293 166,488 4,140,781 4,037,150 Irrevocable Split-interest/Unitrust Agreements - - 874,126 874,126.00 1,600,023 Other Assets - 7,908 576 8,484 47,316 Inter-Fund Loan Receivable, Long Term - - - - - Total Other Assets - 9,394,689 1,425,328 10,820,017 11,128,655 Total Assets 17,499,818 12,431,912 1,425,328 31,334,465 31,383,721 LIABILITIES Current Liabilities Remittance Payable 5,831,617 - - 5,831,617 5,722,955 Accounts Payable 749,305 - - 749,305 1,214,638 Offering Funds and Agency Accounts 77,452 - - 77,452 93,137 Other Liabilities, Current 8,880 - - 8,880 2,594 Inter-Fund Accounts Payable* 16,508 4,997 1,088 - - Total Current Liabilities 6,683,762 4,997 1,088 6,667,254 7,033,324 Other Liabilities Accounts Payable - - - - 160,055 For other than Operating Funds: Accounts Payable - - - - 20,236 Other Liabilities, Long-term 175,731 20,550 1,190,879 1,387,160 1,964,030 Total Other Liabilities 175,731 20,550 1,190,879 1,387,160 2,144,321 Total Liabilities 6,859,493 25,547 1,191,967 8,054,414 9,177,645 NET ASSETS Unrestricted: Unallocated 10,357,077 - - 10,357,077 9,810,193 Unrestricted: Allocated 40,000 9,385,650 - 9,425,650 8,942,575 Unrestricted: Allocated Other Funds - - 97,064 97,064 90,471 Unrestricted: Allocated Endowment - - - - - Unrestricted: Allocated Investment in Plant - 3,020,715 - 3,020,715 3,094,611 Total Unrestricted 10,397,077 12,406,365 97,064 22,900,506 21,937,850 Temporarily Restricted 243,248 - 61,297 304,545 193,226 Permanently Restricted - - 75,000 75,000 75,000 Total Net Assets 10,640,325 12,406,365 233,361 23,280,051 22,206,076 Total Liabilities & Net Assets 17,499,818 12,431,912 1,425,328 31,334,465 31,383,721 *Inter-fund borrowing is eliminated in the total columns. Statements are subject to audit.


STATEMENT OF CHANGES IN NET ASSETSPeriod Ending December 2014 and 2013

OPERATING PLANT OTHERS TOTAL TOTAL FUNDS FUND FUNDS 12/2014 12/2013 UNRESTRICTED NET ASSETS Unrestricted Revenues and Gains Gross Tithe Income 11,151,785 - - 11,151,785 11,007,234 (-) Tithe % to GC/Division (1,119,887) - - (1,119,887) (1,104,544) Net Tithe Income 10,031,898 - - 10,031,898 9,902,690 Tithe Exchanged with Division (1,614,045) - - (1,614,045) (1,487,061) Non-tithe Funds from Division 1,614,045 - - 1,614,045 1,487,061 Appropriations Received 218,460 - - 218,460 214,475 Direct Operating Income 633,381 - - 633,381 630,880 Matured Deferred Gifts 22,221 - - 22,221 - Investment Earnings 90,607 - - 90,607 86,912 Other Income 1,333,091 - - 1,333,091 1,259,195 Changes in Irrevocable Agreements - - - - - Total Unrestricted Revenues 12,329,658 - - 12,329,658 12,094,152 Net Assets Released from Restrictions 9,177,891 - - 9,177,891 9,876,858 Total Unrestricted Support 21,507,549 - - 21,507,549 21,971,010 Expenses and Losses Program Services Functions Church Ministries 4,363,454 - - 4,363,454 4,200,865 Educational 7,967,852 - - 7,967,852 7,960,388 Publishing 49,661 - - 49,661 61,149 Special Services 3,289,648 - - 3,289,648 4,051,979 Total Program Services Functions 15,670,615 - - 15,670,615 16,274,381 Supporting Services Functions Conference Administration 2,561,174 - - 2,561,174 2,615,626 Auditing 478,292 - - 478,292 561,413 Conventions & Meetings 58,623 - - 58,623 283,713 Office Operations & Maintenance 271,871 - - 271,871 253,476 Other Supporting Services 1,704,604 157,932 - 1,862,536 1,588,508 Total Supporting Services Functions 5,074,564 157,932 - 5,232,496 5,302,736 Total Expense 20,745,179 157,932 - 20,903,111 21,577,117 Net Incr.(Decr.) from Operations 762,370 (157,932) - 604,438 393,893 Nonoperating Activity: Non-operating Income - 362,726 11,271 373,997 160,729 Non-operating Expense - (7,021) (29,551) (36,572) - Net Transfers Between Funds, In (Out) (205,032) 205,032 - - - Realized Gain(Loss) on Sale of Assets - 14,136 (158) 13,978 - Unrealized Gain(Loss) on Investments (10,454) (7,762) 13,139 (5,077) - Net Assets Released from Restrictions - - 31,410 31,410 44,004 Total Net Nonoperating Activity (215,486) 567,111 26,111 377,736 204,733 Increase (Decrease) Unrest. Net Assets 546,884 409,179 26,111 982,174 598,626 TEMPORARILY RESTRICTED NET ASSETS Restricted Income Appropriations Received & Other Income 9,299,352 - - 9,299,352 9,890,131 Investment Earnings (Endowment) - - - - 35,506 Matured Annuity, Trust, and Wills - - - - - Split-Int. Agreem.Present Value Adjustment - - 1,750 1,750 91 Total Restricted Income Received 9,299,352 - 1,750 9,301,102 9,925,728 Net Assets Released from Restrictions Operating Functions (9,177,891) - (31,410) (9,209,301) (9,920,862) Increase (Decr.) Temp. Res. Net Assets 121,461 - (29,660) 91,801 4,866 TOTAL NET ASSETS Increase (Decrease) Net Assets 668,345 409,179 (3,549) 1,073,975 603,492 Total Net Assets, Beginning 9,971,980 11,997,186 236,910 22,206,076 21,602,584 Total Net Assets, Ending 10,640,325 12,406,365 233,361 23,280,051 22,206,076 This report is intended for management use only. This is not intended to be a complete financial statement for the organization as a whole.


STATEMENT OF CASH FLOWSPeriod Ending December 2014 and 2013

OPERATING PLANT OTHER TOTAL TOTAL FUNDS FUND FUNDS 12/2014 12/2013 Cash Flows from Operating Activities: Increase (Decrease) in Net Assets 668,345 409,179 (3,549) 1,073,976 603,492 Prior Period Adjustment - - - - - Adjustments to reconcile change in net assets to net cash provided: Depreciation Expenses - 159,991 - 159,991 162,054 Annuities Actuarial Adjustment - - (17,341) (17,341) 1,377 Unrealized (Gain) Loss in Fair Value of Investments 10,454 7,764 (22,919) (4,701) (62,986) Annuitiy Fund Income Less Payments - - 52,400 52,400 110,976 Annuities Actuarial Adjustment - - - - 150,347 (Increase) Decrease, Accounts Receivable (575,228) - - (575,228) 236,229 (Increase) Decrease, Inventory and Prepaid (6,468) (7,908) - (14,376) 24,814 Increase (Decrease), Accounts Payable (356,671) - - (356,671) 512,705 Increase (Decrease), Deferred Income 6,286 - - 6,286 (16,468) Increase (Decrease), Long-Term Accounts Payable 15,676 - - 15,676 28,648 Increase (Decrease) Trust Funds - - - - - Net Cash Provided (Used) from Operating (237,606) 569,026 8,591 340,011 1,751,188 Cash Flows from Investing Activities: Proceeds from Sale or Maturity of Investments 416,000 1,771,756 115,639 2,303,395 3,011,233 Purchase of Investments (946,600) (2,161,948) (73,572) (3,182,120) (2,870,933) Proceeds from Sale of Assets - (86,095) - (86,095) (99,040) Purchase of Assets - - - - - New Notes Receivable Issued & Accrued Interest - (299,146) - (299,146) (1,606,727) Payments Received on Loans Receivable (83,361) 197,580 (2,065) 112,154 880,066 Net Cash Provided (Used) from Investing (613,961) (577,853) 40,002 (1,151,812) (685,401) Cash Flows from Financing Activities: (Proceeds) Payments Accounts Receivable - - 7,200 7,200 (4,558) Proceeds (Payments) Accounts Payable - 314 - 314 6,124 Proceeds (Payments) Inter-Fund Borrowing 15,327 8,513 2,476 26,316 - Increase (Decrease), Liability to Other Entities - - (3,598) (3,598) (1,430) Annuities Investment Income - - (10,044) (10,044) (40,139) Annuity Payments - - (40,519) (40,519) (61,531) Matured Annuities Distributed - - (1,837) (1,837) (9,306) Matured Trust Distributed - - (22,696) (22,696) - Trust Assets - - 772,637 772,637 22,738 Trust Due to Others - - (752,212) (752,212) (22,826) Net Cash Provided (Used) from Financing 15,327 8,827 (48,593) 727,773 (110,928) Increase (Decrease) Cash and Equivalents (836,240) - - (836,240) 954,859 Cash and Equivalents, Beginning 2,451,087 - - 2,451,087 1,496,228 Cash and Equivalents, Ending 1,614,847 - - 1,614,847 2,451,087

This report is intended for management use only. This is not intended to be a complete financial statement for the organization as a whole.


Columbia union ConferenCeof Seventh-day adventiStS ®

5427 Twin Knolls Road, Columbia, MD 21045(410) 997-3414 | www.columbiaunionadventists.org

© 2015 Columbia Union Conference of Seventh-day Adventists ® All Rights Reserved.

2011-2016 EXECUTIVE COMMITTEEINSTITUTIONSTerry Forde Adventist HealthCare

Fred Manchur Kettering Adventist HealthCare

Weymouth Spence Washington Adventist University

ALLEGHENY EAST CONFERENCEPaula BarnesJean Claude CenatusMarcus Harris*Bonnie HeathAlbert KellyBeverly MilesMarcia Moore

ALLEGHENY WEST CONFERENCEDeborah HillMelvin PascallJason Ridley* **Robert Walker

CHESAPEAKE CONFERENCEWalter AlonsoRichard BaconLisa Burrow Frank Zollman*

MOUNTAIN VIEW CONFERENCERodney LuttrellScott Shafer*

NEW JERSEY CONFERENCEMarie BlotMarisa MedinaVilas Urtekar

OHIO CONFERENCELori Farr*Tim Ko**Vince Waln

PENNSYLVANIA CONFERENCEDennis Austin*Natalie ChandlerChristina IvankinaBill Oblitey

POTOMAC CONFERENCEClaudya Barrientos**Renee Battle-BrooksFranklin David*David DildyCarlsen GriffithDorys HornerSanjay Thomas**

* Church Employee** Young Adults

Dave Weigley, ChairRob Vandeman, Exec. Secretary Seth Bardu, Treasurer

K-16Hamlet Canosa Cynthia Poole-Gibson

CONFERENCE PRESIDENTSHenry Fordham Allegheny East

William Cox, Sr. Allegheny West

Rick Remmers Chesapeake

Larry Boggess Mountain View

José Cortés New Jersey

Ron Halverson, Jr. Ohio

Ray Hartwell Pennsylvania

William Miller Potomac

2014 columbia union annual report

Documents