Dear Hope East,
We put out this annual budget report every year for the following reasons: 1) To celebrate what God has done through our finances; 2) To be transparent - “Therefore each of you must put off falsehood and speak truthfully to your neighbor, for we are all members of one body”; and 3) To encourage our church community to continue to be faithful in giving towards the body God has called us to love. After all, here at Hope East our motto is, “The Whole Family Makes It Happen.”
Our YEAR OF GIVING AND EXPENSES
We are grateful for all those who gave financially this past year! Our 2021 Total Annual Giving was $332,651.80 (this marks 5 straight years where our annual giving has increased!). In addition, we received a second outside grant from the government Paycheck Protection Program for $37,110.80, giving us a total annual revenue of $369,761.80.
Our total expenses were $345,369.46 and the breakdown is as follows: 1) Personnel $234,773.02 (salaries for three full time pastors, a part-time children’s director, two part-time tech directors, and external set-up and breakdown hires); 2) Staff Ministry Expense $3,286.60; 3) Facilities $50,950.00 (Sunday service lease, office rental, and driveway rental for church van); 4) Missions $24,642.94 (support of short and long term missionaries, denominational support, church plants, funding PS41Q Assembly, and World Vision); 5) Administration $9,228.50 (accounting fees, insurance, Planning Center, CCLI, website, Zoom, podcast, print costs, and misc.); 6) Ministries $13,578.17 (includes baptisms, classes, Intro to Hope, events, home groups, tots/kids/youth/college ministries); 7) Sunday Service Operating Expenses $1,398.47 (meals, guest speakers, and hospitality costs); 8) Special Services $1,182.79 (services for Christmas Eve, Easter Sunday, Good Friday, Thanksgiving and Lent); 9) Equipment $6,328.97 (worship, kids and hospitality equipment).
Included in our Annual Giving was $15,662.00 that we raised in our Extending Hope Giving Campaign. We used the funds to 1) Support our missionary Jane Kim serving in Tokyo, Japan ($6,000.00 will be used to support Jane in 2022, and $3,662.00 will be used to support her in 2023); and to 2) Support World Vision in their project to improve water conditions in Uganda ($6,000.00).
Other specific missional causes that we gave towards were 1) $2,000.00 to the PS41Q PTA so they could put on a science show assembly for their students; 2) $5,000.00 to support new church plants in NYC; and 3) 2,696.68 In benevolence fund went towards those in our community struggling financially as a result of the pandemic.
It has been another awesome year of dreaming and visioning with our Leadership Team. We are now turning a new chapter in the story of our church as we made the move to a new location in Manhasset, NY and thus we can expect many more exciting things to come in 2022!
In Christ,
David Jung
“We love because he has first loved us.” - John 4:19
