2022 Year-end Financial Update

What an exciting year 2022 was at FPCN! Thanks to such a loving, faithful, and generous congregation we had another great year both spiritually and financially. We ended the year in the black with $63,805 in revenue over expenses.

Our 2022 revenue was up by 1% over 2021, which may seem like a small number, but we are thrilled about this because we know that it was a tough economic year for so many of our folks. Our expenses were also up over 2021, which was expected, but came in almost $186K under budget, thanks to staff working very hard to control expenses.

The generous spirit of our church allowed FPCN to distribute over $309K in Missions support to countless individuals and agencies during 2022, bringing our total Missions support to $971K over the last three years! By the end of the year, we had received over $58K for the Hurricane Ian Relief Fund, and over $30K for the Pastor’s Emergency Assistance Fund, which allowed us to help provide financial relief for hundreds of people who suffered losses due to Hurricane Ian through disbursements to both individuals and to seven different local partner agencies. We know that the gifts that you all generously contribute towards our various

We are all very aware of the economic challenges that 2022 experienced, so it is no surprise that the value of our Endowment Fund on December 31 was $7.03M, down from last year by $1.5M. Since our capital expenditures for the year were only $19K+, we did not need to do a large transfer to cover them at year end. We received the budgeted $300K from the Endowment for Operational Support, however, we also deposited in excess of $121K from Estate, Memorial, and Birthday gifts into the Endowment during the year.

Other highlights from 2022 include a successful 2022 Generosity campaign, receiving a single large donation which allowed us to acquire The Saint John’s Bible, receiving a favorable audit review for our 2021 financials, securing additional Preschool grants in excess of $119K, and Session approving the 2023 budget of $2.8M. We look forward to growing our programs, missions, and membership during this next year, which we wouldn’t be able to do without your faithful support in the past as well as going forward!

Wishing you many blessings and peace for 2023!

Debbie Savage, Director of Finance

Doug Jensen, Committee Chair, d50.jensen@gmail.com Debbie Savage, Director of Finance, debbies@fpcnaples.org

2023 Generosity Campaign

But speaking the truth in love, we must grow up in every way into him who is the head, into Christ, from whom the whole body, joined and knit together by every ligament with which it is equipped, as each part is working properly, promotes the body’s growth in building itself up in love.

Ephesians 4:15-16