congregation kol shofar president’s report
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Congregation Kol Shofar President’s Report. May 2014. Mission Statement. - PowerPoint PPT PresentationTRANSCRIPT
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CONGREGATION KOL SHOFARPRESIDENT’S REPORT
May 2014
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Mission Statement
Kol Shofar is a dynamic congregation rooted in the enduring values of Jewish traditions, while embracing innovations that enrich contemporary Jewish life. We cultivate personal spiritual growth and 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.
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Kol Shofar Objectives
Retain/Build/Expand Our Community
Ensure Long-Term Financial Stability
Provide for Lay Leadership Development and Succession
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Kol Shofar 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
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Kol Shofar 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 Kol Shofar
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Kol Shofar 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
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Kol Shofar Objectives
Retain/Build/Enhance our Community (con’t.) Enhance our Content and Offerings
New Tikkun Olam initiatives Exploration of alternative ritual practices
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Kol Shofar Objectives
Ensure long-term financial stability: Balanced Budget
Annual Campaign Annual Gala
Preparation for New Capital Campaign Evaluation of alternative affiliation models
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Kol Shofar Objectives
Provide for lay leadership development and succession Volunteer Concierges Enhanced Board nominating process
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CONGREGATION KOL SHOFARTREASURER’S REPORT
May 2014
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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
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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
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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!
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Where our Money Will Come From
Membership Support
47%
Tuition9%
Fundraising19%
Facili-ties
Rentals
14%
Cemetery Sales7%
Restricted Gifts2%
Other2%
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Where Our Money Will Go
Compensation73%
Operating Expense27%
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Compensation Cost Components
Clergy/Ritual32%
Education20%
Maintenance20%
Administration28%
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Operating Cost Components
Utilities13% Office
Expense9%
Repair & Mainte-nance
9%Consulting & Profes-
sional9%
Food14%
Program Costs22%
Marketing6%
Insurance9%
Other9%
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Kol Shofar 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
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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
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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
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Yasher Ko’ach to our Capital Campaign Committee!
Co-Chairs: Michael and Karen Young Howard and Diane Zack
Additional Members: Norman Traeger Dan Weisman Devorah Stadtner
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Questions?
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Motion from the Board
Approval of the Proposed 2014/2015 Budget
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Diane Zack Decades of Dedicated Service to Kol
Shofar
1995 Joined Kol Shofar Board 1997-2000VP Financial Resources 2002-2005VP Administration/Operations 2005-2007President 2007-2010Immediate Past President 2010-2014VP Capital Development
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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