unofficial cm page


Article


Global Mission Board Did Not Need Our World Service Apportionment in Latest Statement


Go to Layman's Version if you are not a CPA.

(Layman's Version Provided by John Warrener, MDiv, MBA)


Income and Expense Statement 1997 of the General Board of Global Missions

(provided by the General Council on Finance and Administration)

Apportioned Funds:

World Service

23,520,608

Mission Initiatives

220,599

Special Day Offerings:

Human Relations Sunday

408,526

One Great Hour of Sharing

2,771,975

World Communion Sunday

452,800

Native American Awareness Sunday

93,457

Other General Funds:

General Advance Specials

25,171,179

Global Mission Partners

Other Income:

Sale of Literature and Other Publications

3,109,035

Sales/Rentals of Films & A/V

13,283

Special Gifts

Grants

Dividends and Interest

12,486,053

Income from Outside Trusts

1,181,350

Capital Gains-Realized

33,295,805

Capital Gains-Unrealized

14,927,613

Legacies and Bequests

3,631,882

Service Fees

2,614,450

Womens Division/UM Women

24,014,969

Benefit Trust Income

1,722,194

Other Income

6,698,232

Sale of Property

4,941,833

Collins Pension Fund

3,115,749

UMCOR Appropriation

Relief Agency Projects (1)

27,128,811

Missionary Support Reimbursement

354,212

Transfer from Other Funds

Permanent Funds

TOTAL INCOME

191,874,615

EXPENSES

Distributions & Grants

37,996,570

Direct Support of Persons in Mission

18,867,604

Distribution and Grants-Non UMC

8,748,249

Relief Agency Projects (distributions to Bosnia, Georgia

and Zaire received from Government Agencies)

Research and Program Development

170,156

Salaries

19,132,430

Salary Related Costs

1,140,095

Employer's Pension Fund Contribution

2,143,697

Group Insurance & Hospitalization

2,189,164

Continuing Education and Staff Training

28,529

Moving Expense

124,269

Rent

2,029,125

Utilities

202,188

Telephone & Telegraph

1,027,424

Postage & Freight

1,278,247

Printing and Duplication

1,565,094

Office Supplies

470,301

Equipment Replacement

145,277

Equipment-Repair Maintenance

257,469

Equipment Leasing

240,896

Building Repair & Maintenance

405,018

Other Office Expense

385,977

Depreciation Expense

1,217,630

Records Management

28,195

Audit Fees

184,825

Legal Fees

420,527

Consultant Fees

1,819,415

Investment Fees

1,346,735

Labor Relations

Meeting Expense

1,434,617

Conference & Educational Events

2,702,822

Staff Travel

2,486,535

Materials for Resale

1,128,074

Promotional & Informational Materials (not for resale)

1,727,163

Films & Audio/Visual

347,700

All Other Insurance

2,027,610

Special Promotion-Evanston

395,121

Taxes

66,200

Interest Expense

9,673

Labor Relations

17,858

Miscellaneous

763,459

Computer Equipment Leasing and Rental

339,397

Computer Hardware Maintenance

18,500

Software Purchases and Support

19,228

Information Services

82,879

Retirement of Prior Year Deficits (Credit)

Relief Agency Projects

22,433,497

TOTAL EXPENDITURES

139,565,439

Excess Income for 1997

52,309,176


Layman's Version

  • The GBGM received $191,874,615 in income in 1997 (the latest complete report at this time) and after expenses of $139,565,439 ended up with a whopping $52,309,176 in excess income (profit*)!

  • Only $19,221,816 (10%) of that was spent on Support to Missionaries.  That is 10 cents for every dollar of income.

  • $46,744,819 (24%) was spent on other benevolence

  • $73,598,804 (38%) was spent on administration which is almost four times that spent on missionaries and exceeds all missionary and benevolent spending put together.

  • $52,309,176 (27.3%) just wasn't spent which is almost three times that spent on missionaries.

wpe2.jpg (9084 bytes)

Missionary Support

Other Benevolence

Admin

Excess Income

19,221,816

46,744,819

73,598,804

52,309,176

As you can see in the Table above and the Charts below Missionary Support is the smallest priority and the support of the Administration is the greatest, with Excess Income (profit*) coming in a close second.

wpeB.jpg (9809 bytes)

wpe8.jpg (8660 bytes)

The Agency might be renamed the General Board of Administration and Excess Income.  Missionary Support is the smallest slice of the GBGM Pie!

* the word profit is used to help the layman who does not normally understand the various descriptions of income in excess of expenses in the ways non-profit organizations are accounted.


World Service Apportionment Income, which is our biggest church apportionment was not even needed!

  • World Service Income was only $23,520,608 compared to the $191,874,615 in income in 1997.  That is only 12 cents of the GBGM's income.

  • Stock Market and other Financial Investments accounted for $63,613,015 which is almost three times the World Service Apportionment

  • Excess Income (profit) was a whopping $52,309,176 more than twice the World Service Apportionment.   If not a single World Service Apportionment dollar was collected, there still would be a staggering 28.8 million dollars of Excess Income.  That is still more than World Service apportionment after all the bills are paid!

World Service Apportionment

Investment Income

Excess Income

23,520,608

63,613,015

52,309,176

From the Table above and the Chart below you can easily see that income from past giving which has been invested in the financial field and not the missionary field is almost triple the income from World Service Apportionments.   Even the Excess Income is double the Apportionment!  If the GBGM received no apportionment income it still would have Excess Income greater than the apportionment itself.

wpe9.jpg (13239 bytes)


[Click] button If you would like to add your yourcomments.gif (1566 bytes) to the UCM Article


<Back to News