St.

Paul's Episcopal Church

Statement of Financial Position
As of: Dec 31st 2020 | Includes 13th Month

Assets
Cash
1010 Baker Boyer Operating 7,334.09
1020 Baker Boyer Discretionary Fund 366.58
Total Cash 7,700.67
Short-T
Short-Term
erm In
Invvestments
1110 Diocesan Pool - Loaves & Fishes 11,338.57
1120 Diocesan Pool - Columbarium 18,504.77
1125 Diocesan Pool - Hope Street 10,568.50
1130 Waddell & Reed - Scholarship 102,869.35
Total Short-Term Investments 143,281.19
Long-T
ong-Term
erm In
Invvestments
1180 Apartment 573,959.57
1190 Permanent Endowment 1,006,711.79
Total Long-Term Investments 1,580,671.36
Miscellaneous Assets
1210 Mortgage - Rector Housing 37,000.00
Total Miscellaneous Assets 37,000.00
Fix
Fixed
ed Assets
1910 Computer and Technology Equipment 25,752.90
1920 Equipment and Appliances 25,464.68
1930 Furniture and Fixtures 17,500.11
1940 Building Improvements 193,897.38
1950 Buildings 1,286,300.00
1960 Land 105,300.00
1999 Accumulated Depreciation ( 1,319,326.22 )
Total Fixed Assets 334,888.85
Total Assets $ 2,103,542.07
Liabilities & Net Assets
Liabilities
Payroll Liabilities
2110 Federal Tax Withholding 1,623.28
2115 Social Security Liability 1,641.77
2120 Medicare Liability 384.03
2130 Washington L&I Liability 232.20
2140 Washington PFML Liability 73.72
2150 Lay Pension 403(b) Liability 400.84
Total Payroll Liabilities 4,355.84
Credit Card Liabilities
2220 Chase Credit Card 4,946.07
Total Credit Card Liabilities 4,946.07
Loans
2300 Baker Boyer SBA Paycheck Protection Loan 46,397.00
Total Loans 46,397.00
Total Liabilities 55,698.91
Net Assets
Unrestricted Net Assets
3110 Unrestricted Net Assets 269,221.49
Total Unrestricted Net Assets 269,221.49
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 Tempor
emporarily
arily Restricted Net Assets
3210 Rector's Discretionary Fund 6,371.58
3215 Take-Home Packs Outreach Fund 1,763.67
3220 Altar Flowers Fund ( 998.10 )
3225 Loaves and Fishes Fund 12,672.42
3226 Hope Street Fund 10,568.50
3230 Columbarium Fund 31,852.90
3235 Music Enhancement Fund ( 873.17 )
3240 Collier Camp Cross Scholarship Fund 5,185.78
3245 Joseph Scholarship Fund 18,042.96
3250 Higher Education Scholarship Fund 110,243.56
3810 Apartment Fund 573,959.57
Total Temporarily Restricted Net Assets 768,789.67
Permanently Restricted Net Assets
3910 Permanent Endowment Fund 1,009,832.00
Total Permanently Restricted Net Assets 1,009,832.00
Total Net Assets 2,047,843.16
Total Liabilities & Net Assets $ 2,103,542.07

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St. Paul's Episcopal Church
Statement of Activities
Date Range: Jan 1st 2020 - Dec 31st 2020 | Includes 13th Month

Annual
Actual Annual Budget
Jan 01, 2020 - Budget Over/Under
Accounts Dec 31, 2020 (This Year) (This Year)
Revenues
Oper
Operating
ating Re
Revvenue
4001 Annual Giving 258,764.41 265,000.00 ( 6,235.59 )
4002 Prior Year Pledges 2,639.76 0.00 2,639.76
Progr
Programam and Designated Income
4100 Altar Flowers Income 957.80 3,900.00 ( 2,942.20 )
4110 Hospitality Income 42.00 1,000.00 ( 958.00 )
4115 Music Income 0.00 500.00 ( 500.00 )
4120 Wednesday Commons Income 401.30 600.00 ( 198.70 )
4125 Christian Formation Income 141.00 1,200.00 ( 1,059.00 )
4130 Leadership Development Income 16.00 0.00 16.00
Total Program and Designated Income 1,558.10 7,200.00 ( 5,641.90 )
Memorial/Bequest Income
4200 Memorial Gifts 2,490.00 2,700.00 ( 210.00 )
Total Memorial/Bequest Income 2,490.00 2,700.00 ( 210.00 )
Facilities Income
4300 Building Use Income 835.00 2,500.00 ( 1,665.00 )
4310 Columbarium Income 2,000.00 0.00 2,000.00
Total Facilities Income 2,835.00 2,500.00 335.00
Trust Income
4400 Kessler-Anderson Trust 870.00 857.00 13.00
4410 Lockwood Trust 39,500.00 37,900.00 1,600.00
4420 Freeman Cornwall Smitten Trust 773.00 766.00 7.00
4430 Timm Trust 11,411.50 11,186.00 225.50
Total Trust Income 52,554.50 50,709.00 1,845.50
Miscellaneous Income
4500 Interest Income 3.92 10.00 ( 6.08 )
4595 Processing Cost Offsets 887.64 450.00 437.64
4599 Miscellaneous Income 1,283.42 0.00 1,283.42
Total Miscellaneous Income 2,174.98 460.00 1,714.98
Total Operating Revenue 323,016.75 328,569.00 ( 5,552.25 )
Non-Oper
Non-Operating
ating Re
Revvenue
Additions to Endowment or In Invvestments
4700 Gifts/Additions to Permanent Endowment 2,820.00 0.00 2,820.00
Total Additions to Endowment or Investments 2,820.00 0.00 2,820.00
Outreach and Mission Progr
Program
am Income
4800 Rector's Discretionary Fund Income 10,899.89 5,000.00 5,899.89
4805 Take Home Packs Income 3,612.00 3,700.00 ( 88.00 )
4810 Hope Street Income 10,000.00 0.00 10,000.00
4815 Misc. Outreach Income 155.00 0.00 155.00
Scholarship Income
4820 Collier Camp Cross Scholarship Income 1,282.00 1,200.00 82.00
4821 Joseph Scholarship Income 3,382.00 2,700.00 682.00
4822 Higher Education Scholarship Income 40.00 0.00 40.00
Total Scholarship Income 4,704.00 3,900.00 804.00
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 Annual
Actual Annual Budget
Jan 01, 2020 - Budget Over/Under
Accounts Dec 31, 2020 (This Year) (This Year)
Loa
oavves and Fishes Income
4830 Loaves & Fishes Income 4,523.93 6,200.00 ( 1,676.07 )
Total Loaves and Fishes Income 4,523.93 6,200.00 ( 1,676.07 )
Total Outreach and Mission Program Income 33,894.82 18,800.00 15,094.82
Outside Organization P Pass-Thru
ass-Thru Income
4900 First Thursday Income 139.00 700.00 ( 561.00 )
4905 ERD Income 32.00 275.00 ( 243.00 )
4910 Pantry Shelf Income 317.00 600.00 ( 283.00 )
4915 UTO Income 137.00 580.00 ( 443.00 )
4920 Miscellaneous Pass-Thru Income 21,357.68 0.00 21,357.68
Total Outside Organization Pass-Thru Income 21,982.68 2,155.00 19,827.68
Total Non-Operating Revenue 58,697.50 20,955.00 37,742.50
In
Invvestment Unrealized Gain/L
Gain/Loss
oss
4990 Unrealized Gain/Loss on Dio Inv L&F 1,018.03 0.00 1,018.03
4992 Unrealized Gain/Loss on Dio Inv Columbarium 1,648.42 0.00 1,648.42
4993 Unrealize Gain/Loss on Dio Inv Hope Street 568.50 0.00 568.50
4994 Unrealized Gain/Loss on W&R Scholarship Fund 10,486.35 0.00 10,486.35
4996 Unrealized Gain/Loss on Apartment Fund 35,296.11 0.00 35,296.11
4998 Unrealized Gain/Loss on Permanent Endowment Fund 47,843.32 0.00 47,843.32
Total Investment Unrealized Gain/Loss 96,860.73 0.00 96,860.73
Total Revenues $ 478,574.98 $ 349,524.00 $ 129,050.98
Expenses
Oper
Operating
ating Expenses
5010 Diocesan Assessment 80,587.10 96,704.23 16,117.13
Progr
Program
am Expenses
5100 Altar Guild Expenses 1,101.27 1,200.00 98.73
5110 Altar Flowers Expenses 2,192.23 3,900.00 1,707.77
5120 Evangelism Expenses 1,107.51 2,700.00 1,592.49
5130 Hospitality Expenses 3,961.16 6,800.00 2,838.84
5140 Music Expenses 873.17 3,300.00 2,426.83
5150 Wednesday Commons Expenses 834.48 600.00 ( 234.48 )
5160 Christian Formation Expenses 874.92 3,200.00 2,325.08
5180 Leadership Development Expenses 1,364.92 2,687.00 1,322.08
5185 Stewardship Expenses 2,000.00 2,000.00 0.00
5190 Outreach Grants and Expenses 3,271.35 4,000.00 728.65
Total Program Expenses 17,581.01 30,387.00 12,805.99
Salaries & Benefits
Rector
5201 Rector Salary 59,000.16 59,000.00 ( 0.16 )
5202 Rector Housing Allowance 24,000.00 24,000.00 0.00
5203 Rector Pension 12,450.00 14,940.00 2,490.00
5204 Rector Medical Insurance 21,318.00 23,256.00 1,938.00
Total Rector 116,768.16 121,196.00 4,427.84
Parish Administr
Administrator
ator
5211 Administrator Salary 37,000.08 37,000.08 0.00
5212 Administrator Lay Pension 3,330.00 3,330.01 0.01
5213 Administrator Medical Insurance 31,977.00 34,884.00 2,907.00
Total Parish Administrator 72,307.08 75,214.09 2,907.01
Organist
5221 Organist Salary 18,000.00 18,000.00 0.00

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 Annual
Actual Annual Budget
Jan 01, 2020 - Budget Over/Under
Accounts Dec 31, 2020 (This Year) (This Year)
Total Organist 18,000.00 18,000.00 0.00
Miscellaneous Salary & Benefit Expense
5231 Cleaning & Facilities Wages 2,340.00 2,300.00 ( 40.00 )
5232 Musician Wages 1,040.00 2,150.00 1,110.00
5233 Supply Clergy Wages 0.00 600.00 600.00
5234 Retired Clergy Insurance 1,533.60 1,533.60 0.00
Total Miscellaneous Salary & Benefit Expense 4,913.60 6,583.60 1,670.00
Payroll TTax
axes
es
5280 Social Security Employer 4,585.23 3,700.00 ( 885.23 )
5285 Medicare Employer 1,072.51 863.00 ( 209.51 )
5290 Washington PFML 345.09 300.00 ( 45.09 )
5295 Washington L&I 317.67 600.00 282.33
Total Payroll Taxes 6,320.50 5,463.00 ( 857.50 )
Total Salaries & Benefits 218,309.34 226,456.69 8,147.35
Facilities Support
Church Campus
5310 Janitorial Services 4,155.08 9,000.00 4,844.92
5320 Janitorial Supplies & Consumables 1,359.06 1,500.00 140.94
5330 Pipe Organ Repairs & Maintenance 0.00 1,100.00 1,100.00
5340 Routine Repairs & Maintenance 8,850.77 9,000.00 149.23
5350 Grounds Maintenance 1,715.24 2,000.00 284.76
5360 Columbarium Expenses 614.78 0.00 ( 614.78 )
Utilities
5370 Water/Sewer/Garbage 7,578.92 7,300.00 ( 278.92 )
5371 Natural Gas 4,005.00 4,400.00 395.00
5372 Electricity 6,566.43 6,800.00 233.57
5373 Telephone/Internet 3,629.30 2,500.00 ( 1,129.30 )
Total Utilities 21,779.65 21,000.00 ( 779.65 )
Total Church Campus 38,474.58 43,600.00 5,125.42
Rectory
5380 Rectory Property Taxes 17.84 0.00 ( 17.84 )
Rectory Utilities
5390 Rectory Water/Sewer/Garbage 731.09 80.00 ( 651.09 )
5391 Rectory Natural Gas ( 339.46 ) 80.00 419.46
5392 Rectory Electricity 407.62 80.00 ( 327.62 )
Total Rectory Utilities 799.25 240.00 ( 559.25 )
Total Rectory 817.09 240.00 ( 577.09 )
Total Facilities Support 39,291.67 43,840.00 4,548.33
Administr
Administration
ation
5420 Office Expense 5,133.03 7,750.00 2,616.97
5430 Computer & Software Expense 5,211.16 2,000.00 ( 3,211.16 )
5440 Legal & Accounting Expense 3,534.05 5,200.00 1,665.95
5450 Church Insurance Expense 11,857.00 11,455.00 ( 402.00 )
5460 Financial Services Expense 983.06 400.00 ( 583.06 )
5465 Credit Card/ACH Processing Expense 1,492.95 300.00 ( 1,192.95 )
5499 Miscellaneous Expense 41.21 0.00 ( 41.21 )
Rector Expenses
5480 Rector Travel Expense 1,556.16 2,000.00 443.84
5485 Rector Continuing Education Expense 745.69 1,200.00 454.31
Total Rector Expenses 2,301.85 3,200.00 898.15

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 Annual
Actual Annual Budget
Jan 01, 2020 - Budget Over/Under
Accounts Dec 31, 2020 (This Year) (This Year)
Total Administration 30,554.31 30,305.00 ( 249.31 )
Total Operating Expenses 386,323.43 427,692.92 41,369.49
Non-Oper
Non-Operating
ating Expenses
Capital Expenditures
5600 Computer & Technology Equipment Cap Exp 16,150.27 0.00 ( 16,150.27 )
5610 Furniture & Fixtures Cap Exp 1,334.12 0.00 ( 1,334.12 )
5615 Appliances & Equipment Cap Exp 3,084.45 0.00 ( 3,084.45 )
5620 Building Improvements Cap Exp 2,351.19 0.00 ( 2,351.19 )
Total Capital Expenditures 22,920.03 0.00 ( 22,920.03 )
Outreach Expenditures
5710 Rector's Discretionary Fund Expenses 5,679.55 5,000.00 ( 679.55 )
5720 Take Home Packs Expenses 1,875.33 3,700.00 1,824.67
Scholarship Expense
5740 Collier Camp Cross Sch. Expense 0.00 1,200.00 1,200.00
5743 Joseph Scholarship Expenses 0.00 1,620.00 1,620.00
5745 Higher Ed Scholarship Expenses 5,500.00 5,700.00 200.00
Total Scholarship Expense 5,500.00 8,520.00 3,020.00
Loa
oavves and Fishes Expense
5750 Loaves & Fishes Expense 5,104.55 6,200.00 1,095.45
Total Loaves and Fishes Expense 5,104.55 6,200.00 1,095.45
Total Outreach Expenditures 18,159.43 23,420.00 5,260.57
Outside Organization P Pass-Thru
ass-Thru Expense
5800 First Thursday Expenses 139.00 700.00 561.00
5805 ERD Expenses 0.00 275.00 275.00
5810 Pantry Shelf Expense 0.00 600.00 600.00
5815 UTO Expenses 0.00 580.00 580.00
5820 Miscellaneous Pass-Thru Expenses 21,257.68 0.00 ( 21,257.68 )
Total Outside Organization Pass-Thru Expense 21,396.68 2,155.00 ( 19,241.68 )
Miscellaneous Non-Oper
Non-Operating
ating Expenses
5905 Depreciation Expense 22,899.69 0.00 ( 22,899.69 )
5910 Rector Housing Assistance Write-Off 3,000.00 0.00 ( 3,000.00 )
Total Miscellaneous Non-Operating Expenses 25,899.69 0.00 ( 25,899.69 )
Total Non-Operating Expenses 88,375.83 25,575.00 ( 62,800.83 )
Total Expenses $ 474,699.26 $ 453,267.92 ( $ 21,431.34 )

Net Total $ 3,875.72 ( $ 103,743.92 ) $ 107,619.64

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