2014 October Campaign Update

BUILDING ON THE TRADITION the campaign for

Montreat Conference Center

CAMPAIGN UPDATE

ENDOWMENT

MONTREAT FUND

OCTOBER 2014

CAPITAL

A MESSAGE FROM THE PRESIDENT

A bright day has been dawning in Montreat. The most obvious sign of that day is the sparkling Assembly Inn, all cleaned up for another generation of service. But the renovated Inn is not the only sign.

Reynolds Lodge has received a new roof and a heating and air conditioning system. The Katherine and Thomas Belk Center at Left Bank is used all the time with its video conferencing capability. The Montreat Store is soaring in its sales in refurbished space, and Lower Moore Center is now an exquisite meeting space. It no longer rains inside Anderson Auditorium. New video projection capability is being installed there as well as a hearing loop. We are on the cusp of renovations in Upper Anderson Auditorium. Renovation of the Allen Building is almost complete and the front part of that building will serve as the Church House of the Montreat Presbyterian Church, a congregation thriving again with a gifted new pastor. Participation in Montreat’s conferences is up significantly. Retreat bookings are rising. We are ahead of budget projections in this fiscal year by over $200,000. Our donor base is growing. A new president is being inaugurated by Montreat College. With his presence and new funding for the college, signs are promising for the college’s future as an independent school. The search for my successor is moving ahead calmly and with great promise.

We still have a significant portion of the Building on the Tradition Campaign to complete. In addition to the gifts we anticipate still to come for the Montreat Fund, we are about $2 million away from fully funding the objectives of the campaign. A capital reserve dedicated to the Assembly Inn, so that it is never allowed to deteriorate in the same way it has over the past fifty years, remains to be funded. With your continuing support, I am confident the last stretch of the campaign will be achieved.

As I move into retirement after more than forty years of pastoral ministry, including the last six of those years leading this dear institution, I rejoice that Montreat is entering such a bright new day. God’s choosing of this place to be an incubator of Christian faith, and your dedication to the important ministry of Montreat as a center for shaping disciples of Jesus Christ, have cleared many of the clouds away that for several decades have shadowed Montreat’s life.

It has been a high calling full of deep joy to serve with you in this special place.

Grace and peace,

The Board of Directors/Trustees of Stock for the Mountain Retreat Association and staff of Montreat Conference Center request the honor of your presence for a Tribute in Liturgy and Song celebrating the ministry and retirement of ALBERT G. “PETE� PEERY, JR. as President of Montreat Conference Center We will gather in memory, hope, and praise to celebrate Pete and Margaret on Friday, the seventh of November, two thousand fourteen at eight fifteen in the evening Upper Anderson Montreat, North Carolina A dessert reception will directly follow Please RSVP to libbyb@montreat.org by November 1

BUILDING ON THE TRADITION the campaign for

Montreat Conference Center

A MESSAGE FROM WILLIAM E. SCHEU, CAMPAIGN CHAIR

Dear Montreat Friends, We are delighted to bring you an update on the Building on the Tradition Comprehensive Campaign. The Campaign celebrated a major milestone this summer with the Rededication of the Assembly Inn. For those of you that were not able to join us this summer for this special occasion, you will see photographs of this blessed event in this report. To date, guests have been delighted with the changes!

As you know, the Montreat Fund is one of the three components of the Campaign initiative.

I encourage you to support the Montreat Fund with your annual contribution. As Pete mentioned, in addition to the gifts we anticipate to come from the Montreat Fund, we are still about $2 million away from fully funding the objectives of the campaign. So, please consider donating a guest room in honor or memory of someone special to you. A guest room pledge is $25,000 and can be paid over 5 years. Or you can be a part of the campaign with a gift to the endowment, designated or undesignated, current and/or deferred.

I welcome your questions, comments and gifts. Our volunteer team of leaders continues to work hard on behalf of the Conference Center and I express my gratitude to them as well.

Please continue to pray God’s guidance for Montreat and know that we are grateful to God and to all of the individuals and churches who have made gifts and pledges supporting the Campaign thus far.

Blessings to you and yours, William E. Scheu Campaign Chair Jacksonville, Florida

The Montreat Conference Center is now over halfway through the campaign. The campaign is comprehensive in that it has three components: 1. renovating Assembly Inn and other facilities; 2. growing the annual Montreat Fund from $750,000 to $1 million a year; and, 3. providing an endowment to include $1.5 million for on-going Assembly Inn improvements,

$1 million for programming, and completing the $2 million Morgan Match for Youth programming.

The third component for the endowment is now being emphasized. It is time for Montreat Conference Center to address deferred maintenance and capital improvements that have been desperately needed, and time to secure the future of youth and adult retreat and conferencing programs. We encourage you to join us and prayerfully consider helping Montreat build on its worthy tradition. You can be a part of the campaign with a gift to the endowment, designated or undesignated, current and/or deferred.

A gift to the endowment for Assembly Inn will assure the conference center maintains the newly refurbished Assembly Inn for the future.

Your generosity to the Morgan Match for Youth would assure the continuation of the youth conferencing, (attended by over 6000 youth each summer), where the path to transformation for many young people begins.

A gift to the Programming part of this endowment campaign would support speaker selection and secure scholarship availability for people whose financial circumstances would not permit attendance otherwise.

CAPITAL IMPROVEMENTS Undesignated Montreat Fund $25,000 AND ABOVE Cousins Foundation, Atlanta, GA * Lucie and Bob Eggleston, Columbia, SC Ann and Jerone Herring, Montreat, NC * Mark Jones, Memphis, TN *

5/1/14 - 9/30/14

$7,500-$24,999 Robert C. & Sadie G. Anderson Foundation, Charlotte, NC Mary Lawrence and Gus Currie, Manhattan, KS * Lynn and Bill Gilliland, Montreat, NC * Ray and Jan Swetenburg, Charlotte, NC *

$1,200-$7,499 David and Louisa Berry, Spartanburg, SC * Blacksburg Presbyterian Church, Blacksburg, VA Clay Boyles, Johns Creek, GA David DuBard and Deirdre Giblin, Winchester, MA, The Deirdre M. Giblin and David B. DuBard Charitable Foundation Ellis Newton Ellis, Tampa, FL * First Presbyterian Church, Rocky Mount, NC Jean L. Gettys, Black Mountain, NC Lyn Havard, Atlanta, GA * John and Lucy Mawhinney, Houston, TX

Montreat Adult Summer Club, Montreat, NC Montreat Cottagers, Inc., Montreat, NC Rodger Nishioka, Decatur, GA Petersburg Third Presbyterian Church Endowment, Inc., Chester, VA Second Presbyterian Church, Roanoke, VA Tom and Laura Spangler, Winston-Salem, NC Bill and Olive Timberlake, Florence, SC Village Presbyterian Church, Prairie Village, KS * indicates pledge

MRA INCOME STATEMENT Operating Fund year ended April 30, 2014 CENTER FOR YOUTH AND YOUNG ADULT MINISTRY Conference revenues Conferences direct expenses Building revenues Building direct expenses Clubs & Child Care revenue Clubs & Child Care direct expenses Recreation revenue Recreation direct expenses Staff costs NET

Actual

1,598,728 (486,721) 68,070 (266,980) 342,838 (250,084) 38,350 (107,344) (378,315) 558,544

Budget

1,647,481 (503,057) 69,900 (259,019) 360,380 (270,887) 46,263 (95,508) (390,469) 605,084

Prior Year

1,729,943 (476,411) 64,863 (248,043) 354,239 (266,957) 48,731 (91,862) (443,723) 670,780

ADULT PROGRAM Conference revenues Conferences direct expenses Staff costs NET

SALES & MARKETING EXPENSES Actual

342,860 (217,023) (274,299) (148,462)

Budget

381,763 (213,356) (270,652) (102,245)

Prior Year

306,467 (177,136) (292,256) (162,925)

OTHER REVENUE Rental income, net Endowment income distributions Cost recovery charges Other sources TOTAL

Actual

66,097 202,371 68,343 (4,510) 332,301

Budget

59,450 202,371 65,153 326,974

Prior Year

68,008 187,706 59,374 (2,523) 312,565

OTHER EXPENSES Board Costs President’s Office Business Office Maintenance Department Shared Services Non-Operating expenditures TOTAL

Actual

(20,289) (331,359) (319,163) (241,999) (336,654) (105,766) (1,355,231)

Budget

(23,900) (327,295) (324,940) (254,840) (338,221) (113,575) (1,382,771)

Prior Year

(19,217) (316,938) (307,952) (237,104) (326,175) (112,402) (1,319,788)

Marketing Total

(586,647) (586,647)

Actual

(572,412) (572,412)

Budget

Prior Year

Actual

Budget

Prior Year

Actual

Budget

Prior Year

Actual

Budget

Prior Year

(415,798) (415,798)

RETAIL Revenues Expenses Total

455,039 (388,785) 66,254

419,450 (368,742) 50,708

413,436 (376,494) 36,942

HOSPITALITY Revenues Expenses Total

2,206,236 (1,547,319) 658,917

2,185,333 (1,572,398) 612,935

2,053,599 (1,613,099) 440,500

DEVELOPMENT Montreat Fund Development expenses NET

851,858 (215,711) 636,148

850,000 (241,023) 608,977

815,227 (178,099) 637,127

NET SURPLUS Net Surplus Less Development costs allocated to Campaign Normalized Net Operating Surplus

Actual

Budget

Prior Year

Actual

Budget

Prior Year

161,823 101,042 60,782

147,250 99,996 47,254

147,250 99,996 47,254

TOTALS Total Revenue Total Expenses Net Surplus

6,236,280 (6,074,457) 161,823

6,287,544 (6,140,294) 147,250

6,099,069 (5,899,667) 199,403

If you have questions regarding the operating fund statement, please contact Richard Sills, Chief Financial Officer at Richards@montreat.org or Lynn Gilliland, VP for Development at lynng@montreat.org. Our intention is to provide the financial information in a format that is easy to understand.

THE REDEDICATION OF THE ASSEMBLY INN

THANK YOU FOR YOUR SUPPORT MONTREAT FUND 2011-2012

GOAL $820,000

$0

ACTUAL $822,280

MONTREAT FUND 2012-2013

GOAL $810,000

$0

ACTUAL $813,569

MONTREAT FUND 2013-2014

GOAL $850,000

$0

ACTUAL $851,858

MONTREAT FUND 2014-2015 $0

GOAL $850,000

YTD $145,401

DONORS

PATRON LEVEL +

CHURCHES

804

576

62

DONORS

PATRON LEVEL +

CHURCHES

NEW DONORS

833

567

63

171

DONORS

PATRON LEVEL +

CHURCHES

NEW DONORS

903

614

74

245

DONORS

PATRON LEVEL +

CHURCHES

NEW DONORS

1000

650

80

100

GOAL

GOAL

GOAL

GOAL

+ $300 or more per year

BUILDING ON THE TRADITION CAMPAIGN CAMPAIGN TOTAL (9/04/14): $13,371,901

$0 $0

(9/04/14): $6,681,001

CAPITAL & UNDESIGNATED: $8,175,000

$0 (9/04/14): $2,595,395

ENDOWMENT & DEFERRED GIFTS: $4,500,000

$0

MONTREAT FUND & OTHER RESTRICTED: $4,325,000

(9/04/14): $3,063,589

CAPITAL GIFTS

Lynn Gilliland Vice President for Development 828.419.9803 lynng@montreat.org

800.572.2257 401 Assembly Drive PO Box 969 Montreat, NC 28757

CAMPAIGN GOAL $17,000,000

ENDOWMENT

Polly Cameron Director for Planned Giving 828.419.9804 pollyc@montreat.org

MONTREAT FUND

John Hopkins Director of the Montreat Fund 828.419.9806 jhopkins@montreat.org

Montreat CONFERENCE CENTER

CO MING UP AT

2015 EVENTS & WORKSH O P S

WORSHIP AND THE ARTS: MONTREAT.

LENTEN JOURNEY Looking at the interplay of preaching, liturgy, music, and the visual arts, this program will offer new insights and model ways of celebrating the Lenten season (Year B) that weave worship and the arts together.

Preacher: Cynthia Campbell

Musician: Eric Wall

Liturgist: David Gambrell

Artist: Ann Laird Jones

JANUARY 18-21, 2015

MONTREAT.ORG/LENT

MANTREAT a men’s retreat at Montreat

APRIL 24-26, 2015 MONTREAT.ORG/MANTREAT

COMING OCTOBER 2015 & FEATURING BRIAN MCLAREN:

JANUARY 2-5

College Conference

JANUARY 18-21

Worship and the Arts: Lenten Journey

JANUARY 21

A Day with Cynthia Campbell

FEBRUARY 6-8

Young Adult Weekend

FEBRUARY 13-15

Ski Weekend for Youth

MARCH 8-11

Columbia Theological Seminary Spiritual Formation

APRIL 17-19

Marriage Enrichment Retreat

APRIL 23-26

Columbia Theological Seminary Spiritual Formation

APRIL 24

Stewardship and Generosity Workshop

APRIL 24-26

Mantreat @ Montreat

MAY 4-9

Annual Recreation Workshop

MAY 29-30

Great Awakenings: Evangelists and Their Impact on Culture

MAY 31-AUGUST 2

Summer Worship Series

JUNE 7-13

Youth Conference I

JUNE 14-20

Youth Conference II

JUNE 21-27

Worship and Music I

JUNE 28-JULY 4

Worship and Music II

JULY 4-6

Hope Conference

JULY 6-9

Adaptive Leadership

JULY 6-9

Passport Kid’s Camp

JULY 6-10

CE Certification Course

JULY 12-18

Youth Conference III

JULY 19-25

Youth Conference IV

JULY 22-26

Middle School @ Maryville College

JULY 26-AUGUST 1

Youth Conference V

AUGUST 2-6

Youth VI: Montreat Jubilee

AUGUST 6-9

Women’s Connection

AUGUST 17-20

Board of Pensions Seminars

AUGUST 21-23

Dr. Martin Luther King, Jr.: 50th Anniversary at Montreat

AUGUST 30-SEPT 4 Art of Transitional Ministry (Interim Pastors)

NEIGHBOR BEING CHRISTIAN IN A MULTIFAITH WORLD

B e i n g C h r i s t i a n i n a M u l t i f a i t h Wo r l d

SEPTEMBER 21-23

Worship and the Arts: Advent Travels

OCTOBER 11-15

Neighbor: Being Christian in a Multifaith World *All dates subject to change

FIND THE LATEST AT MONTREAT.ORG