23 20 ANNUAL REPORT
Dear Peachtree Family,
As we reflect on this past year at Peachtree Church, I am overwhelmed with gratitude for our shared journey. In a year of construction and relocation, we could have easily lost ministry momentum. Though we experienced a rare budget shortfall, I can enthusiastically state that 2023 was a year in which we saw tremendous ministry impact.
EACH STATISTIC IN THIS REPORT REPRESENTS DOZENS OF PERSONAL STORIES FROM WITHIN THE WALLS OF PEACHTREE
— INTRODUCTIONS TO JESUS AT VBS, RENEWED FAITH AT OUR STUDENT CAMPS, DEEPENING RELATIONSHIPS WITHIN OUR BELONG COMMUNITIES, AND A ONCE-IN-A-LIFETIME
CHRISTMAS CELEBRATION AT THE HISTORIC FOX THEATRE.
Across Atlanta and around the world, we have honored our commitment to reach vulnerable children in tangible ways — providing new homes through Habitat for Humanity, supporting ministries that break generational cycles of incarceration, protecting families against food insecurity in Africa, and providing access to higher education to students in Malawi and India.
God has been unwaveringly faithful to our church. In response, you have displayed remarkable generosity and flexibility. Together, we have seen lives transformed by the good news of Jesus. Thank you for the vital role you play as we seek to accomplish our mission as a church.
With anticipation in Christ,
Dr. Richard Kannwischer Senior Pastor
a message from DR. RICHARD KANNWISCHER
121
live and online attendees sold out 8 , 900
the Fox Theatre for two Christmas Eve services and had
Average service attendance was 1, 213 baptisms
We averaged over 1,100 22
days minutes hours and views for Sunday online worship equalling
25 11
109
109 students were confirmed on Confirmation Sunday
184
184 new members joined
Peachtree
Weekly IRONMEN attendance averaged
121
524
1,071 congregants in Sunday Morning Communities
women attended the Christmas Tea
pastoral care visits with congregants
15 , 526
events and meetings were supported by Peachtree Hospitality and staff
49
people attended the Young Professionals retreats
Over 350
GROWING IN FAITH
Josh McCullough is a tenth grader whose faith journey began in childhood at another church in Atlanta. Although he was involved with the church for several years, when the pandemic hit he slowly began to lose his connection with God and his faith.
A few years later, some friends invited him to attend one of Peachtree’s Student Ministry Sunday Gatherings.
“WHILE ATTENDING PEACHTREE THAT MORNING, I FOR ONCE FELT ENGAGED IN A SUNDAY LESSON AND WAS EAGER TO LEARN MORE. I CONTINUED COMING EVERY SUNDAY AFTER, GROWING DEEPER IN MY FAITH AND UNCOVERING MY IDENTITY AS A CHILD OF GOD.”
Today, Josh is heavily involved with Student Ministry and is a leader within the church. He decided to begin volunteering with Club 45 to help others establish strong foundations of faith.
“Spending Sundays with Club 45 has been an eye-opening experience to say the least. We have quality conversations about the joys and struggles of fourth and fifth grade and dive deep into their journeys with Christ. Being able to inspire the younger generation is a blessing!”
Josh isn’t just positively impacting elementary students. He is ministering to his peers as well. By leading a High School Bible Study with Jeff Cline, Peachtree’s High School Manager, Josh has been able to become more spiritually connected with his friends and strengthen those relationships.
“Leading is something I’ve always loved to do; I feel like I’m responsible for leading my friends down the right path, the same path that God wants us all on. To this day I participate in lots of Peachtree activities, and I have never felt closer to MY God. I look forward to continuing my walk with God at Peachtree, the place I now call my home.”
Peachtree Church continues to help our community grow in their faith— Josh’s story is just one example of the lives touched by our church. We are grateful for this church, the worship we share together, the community that surrounds us, the mission partners we serve, and the journey we walk with our Lord and Savior.
Josh McCullough (L) with Moss Horton
213
Students attended Camp Ducktown and Rutledge
Average Sunday morning attendance for Student Ministry
100
2 , 200+
1,600+ kids participated in camps at the Gym attended classes
Average Sunday morning attendance for Children’s Ministry
446
86 children and volunteers attended VBS this past June
350
national and global mission trips
55
volunteers gave Habitat for Humanity homes hours to build
1,189
2
7
208
service hours completed between two classes of Zaccheus Fellows
340
students sponsored in Malawi and India
909
Seeds of Hope volunteers
$89,418,735
• The Peachtree Trust gave an additional $324,854 to various Benevolences.
• Belong Community classes gave an additional $70,000 to Benevolences.
• Total giving to Presbyterian Causes was $703,304.
• At the direction of the congregation and Session, the Personnel Committee reviewed compensation for all ordained & non-ordained staff and made adjustments where appropriate.
• A $552,845 Net Loss was generated in 2023
ASSETS Cash & Cash Equivalents 6,373,779 RTP Cash 9,058,776 RTP Pledges Receivable 19,172,737 Investments 5, 259,169 Property & Equipment, net 61,521,196 Fair Market Value of Derivative Instrument 161,968 Other Assets 27,725 TOTAL ASSETS
LIABILITIES Accounts Payable & Accrued Expenses 429,026 RTP Construction Retainage Payable 2,742,901 Mission Sponsorships Payable 587,146 Deferred Revenue 114,844 Notes Payable 8,032,698 Retirement Commitments 250,000 Total Liabilities
NET ASSETS Net Assets with no Donor Restrictions
Net Assets with Donor Restrictions
Total Net Assets
TOTAL LIABILITIES & NET ASSETS
REVENUES (Contributions or Gifts Received) Unrestricted Contributions 13,259,984 Other Contributions Easter (Ukraine) 113,142 Christmas Eve (Habitat) 59,627 Global Missions Designated Gifts 398,176 Local Missions Designated Gifts 237,830 Other Designated Gifts 88,418 Total 897,193 Other Income 791,794 Total Revenues (Gifts Received) $14,948,971 EXPENSES Benevolences Domestic Benevolences 888,782 Global Benevolences 1,294,176 Other Designated Offerings 70,148 Total Benevolences 2,253,106 Church Ministry Support Family Ministries (Children & Students) 313,616 Worship & Music 369,201 Adult Discipleship & Evangelism 177,780 Total Church Ministry Support 860,597 Personnel Salaries 7,149,800 Insurance, Pension & Other Expenses 1,583,654 Total Personnel Expenses 8,733,454 Activities & Administration Administration 670,204 Information/WEB Technology & Telecom 497,939 Support to Lodge & Zfellows 181,829 Communications & Production 258,898 Total Activities & Administration 1,608,870 Plant Operations & Maintenance Facility Maintenance & Renovation 934,260 Utilities 471,088 Total Plant Operations & Maintenance 1,405,348 Debt Service 640,441 Total Expenses $15,501,816 NET REVENUE $(552,845) Members 7,533 New Members 293 Baptisms 121 Renewing the Promise (as of 12/31/23) Pledges 44,031,000 Received Contributions 21,868,938
Balance Sheet (as of 12/31/23)
$101,575,350
$12,156,615
59,705,912
29,712,823
$101,575,350 Summary Statement
