THE COVE CHURCH ANNUAL REPORT

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1 THE COVE CHURCH ANNUAL REPORT JULY 1, JUNE 30, 2012

2 NOTE FROM MIKE: This has been a wonderful year of learning and preparation for growth. Our staff has spent the last year looking at our mission statement, our strategy, our core values, and how we measure success as a church. We want our growth to be guided by the same principles that we have shared over the last 13 years. We want to be sure that we are all on the same page as we get ready to go, grow, and reach more people for Jesus Christ. Now that we are nearing the end of that phase of soul-searching, we are starting to move forward. Because of our All In project, we were able to launch our North Mecklenburg Campus and upgrade our production capabilities, so that we can live stream services to all of our campuses. This will also allow us to launch our Neighborhood Campuses right after the new year. I am so excited about the direction our church is headed, and that direction is pegged straight to our mission. At The Cove Church, we will Introduce our friends to Jesus, Learn to follow Him, and Celebrate His presence in our lives. Thank you so much for going with us on this mission... Mike Madding Senior Pastor ONE CHURCH, MULTIPLE LOCATIONS CAMPUSES 3 SERVICES PER WEEKEND 7 SALVATIONS AVERAGE WEEKLY 4433 VOLUNTEERS ON ROSTER 2415 TOTAL NUMBER OF VOLUNTEERS PER WEEK (WEEKDAY & WEEKEND SERVICES) 736

3 CATAWBA VALLEY CAMPUS PEOPLE ACCEPTING CHRIST 31 9 WORSHIP SERVICES PER WEEKEND 1 MOORESVILLE CAMPUS PEOPLE ACCEPTING CHRIST WORSHIP SERVICES PER WEEKEND 4 AVERAGE WEEKLY AVERAGE WEEKLY VOLUNTEERS PER WEEKEND VOLUNTEERS PER WEEKEND

4 H T R RG NO U B EN L K MEC AMPUS C nch at th lau 6 1 r ol, e o b h c m e S t igh Sep H h g u o W.A. H Cornelius STATESVILLE CAMPUS PEOPLE ACCEPTING CHRIST WORSHIP SERVICES PER WEEKEND 2 AVERAGE WEEKLY 561 VOLUNTEERS PER WEEKEND 121 ALL IN TOGETHER Last fall, we went All In together. As a church, we prayed for the opportunities that we had in front of us to reach people for Jesus. We trusted that God would provide the resources to make it happen. And, He did! Through the All In project, we ve had the opportunity to launch our North Mecklenburg Campus, gear up technically for our Neighborhood and Online Campuses, work to build 5 homes for child-headed households in Masoyi, South Africa, and provide shoes for kids through a partnership with Samaritan s Feet in Burundi. As a church, we re excited about where God is leading us as we move forward All In together!

5 COVE KIDS CHILDREN ACCEPTING CHRIST AVERAGE WEEKEND 832 VOLUNTEERS PER WEEKEND 288 COVE STUDENTS STUDENTS ACCEPTING CHRIST AVERAGE WEEKLY 218 VOLUNTEERS PER WEEK 20

6 MISSIONS MINISTRY PARTNERS LIFE GROUPS TOTAL LIFE GROUPS LOCAL 21 GLOBAL 12 MISSION TRIPS 13 FLORIDA ALABAMA BURUNDI COSTA RICA HONDURAS IRELAND SOUTH AFRICA CATAWBA VALLEY MOORESVILLE STATESVILLE NUMBER OF ADULTS IN LIFE GROUPS 1397 CATAWBA VALLEY MOORESVILLE STATESVILLE

7 JULY 1 - JUNE 30 PROPOSED MINISTRY EXPENSES PROJECTED CONTRIBUTIONS $ 8,316,015 MINISTRY EXPENSES LIFE GROUPS $ 182, % FAMILY MINISTRIES 501, % COVE KIDS COVE STUDENT MINISTRIES THE WAVE & ADULT SPORTS FAMILY MINISTRY EVENTS PASTORAL CARE FINANCE 91, % BENEVOLENCE SUPPORT SERVICES FINANCIAL LEARNING EXPERIENCE OPERATIONS/ADMINISTRATIONS 182, % FACILITIES CAMPUS SECURITY ADMINISTRATION INFORMATION TECHNOLOGY MISSIONS 364, % OUTREACH MISSION TRIPS PRODUCTION & TECHNOLOGY 501, % MEMBER/GUEST SERVICES PRODUCTION GROWTH 1,663, % The Growth category of our general fund budget allows us to plan for expansion in our ministries for the coming year. As we plan for growth, we will pay for future expansion out of the general fund, reduce debt to allow us room to grow, and move into the areas that God is calling us to serve. FIXED EXPENSES SALARIES AND BENEFITS $ 3,348,455 DEBT SERVICE / INTEREST EXPENSE / RENTS 893,700 FACILITY, UTILITIES & GROUNDS CARE 588,469 TOTAL FIXED EXPENSES $ 4,830,624 TOTAL EXPENSES 8,316,015 NET INCOME AVERAGE WEEKLY TOTAL NEEDED $ 159,923 PROPOSED TRUSTEES KRIS CROOM JOHN MCCANN ANDREW WILLIAMSON This coming year we re focusing on margin. Whether in our finances, our time, or in our spiritual lives, living with a margin simply means allowing room for things to happen. This year our annual budget includes a built in margin component it s the budget category we call Growth. We want to be ready when God shows us a new opportunity, and ready to move when He gives us a new direction. George Franco Executive Pastor

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