NOMINATING COMMITTEE

MERRY COLE BENDER, who was born overseas, spent most of her childhood in Miami, Fla., where her family still lives. She met her husband, Bruce, in Dallas, TX, where she was teaching school. Merry has an MA in Early Education and the teaching of learning disabilities. Throughout Bruce's career, the couple has lived in many interesting places including Singapore and Bahrain (they had a son in each of those places and a third in Miami.) Their adult children live all over the country; including a grandson, Cole, who lives in Breckenridge, Colo. Merry has worked as a teacher of preschool through middle school as well as the Director of Family and Children Ministries at Plymouth Congregational Church, and Director of High School Youth Program at Mountain View Presbyterian in Scottsdale. Merry came to Pinnacle in 2016 happy to have found a church home and community. Merry has served as a session member and is currently serving as leadership for the Women’s Fellowship group.

KATHY GREEN and her daughter, Kyleigh, moved to Ariz. in 2014 from Prairie Village, Kan., and came to Pinnacle on the recommendation of her former pastor. The children’s and youth programs are what Kathy loves about Pinnacle. Kathy has served Pinnacle as a deacon, previous member of the nominating committee, participated in women's small groups, and runs the Single and Parenting Group. Kathy works as a Client Service Consultant for a big data company out of Chicago and is blessed to be able to work from home so she can spend more time with Kyleigh and her dog, Mercury.

MARCIA HARRER SOBEK, originally from Hinsdale, Ill., moved to Scottsdale in third grade and built a life here. She graduated from the University of Arizona before receiving her Doctor of Dental Surgery from the University of California, San Francisco. After her residency at Northwestern, Marcia established her dental practice in Scottsdale. Her involvement with the Presbyterian Church is lifelong, having been a deacon at Valley Presbyterian and an elder at Pinnacle. Her time at Pinnacle also included serving on the Preschool Board. She enjoys playing flute and piano for the church as well. Marcia and her husband, Dave, have two children, Madeline and Grant, who were very involved at Pinnacle growing up. Marcia and her family have been members at Pinnacle since 2001.

MARK STEEL was born in Pittsburgh. After graduating from the University of Colorado with a degree in mathematics/physics, he was commissioned a 2nd Lieutenant in the USAF. Serving ten years, he was an Airborne Communication Officer on the National Emergency Airborne Command Post (NEACP) directly supporting Presidents Carter and Reagan. Mark was a program manager for the next 30 years with several defense contractors retiring in early 2017 from Rockwell Collins in Oregon. Mark is a volunteer with the Red Cross, deployed to Florida (Hurricane Michael) and California (Paradise Fire). He was previously a member of the Emanuel Presbyterian Church in Oregon and has been a member of Pinnacle since 2017. Mark is engaged to Diane Wenger, a Stephen Minister at Pinnacle.

Finance Finance Ministry Group

by Susan Rose, Elder

Presented below is the condensed, combining statement of activities for Pinnacle Presbyterian Church (Church), Pinnacle Presbyterian Church Foundation (Foundation), and Pinnacle Presbyterian Day School (Preschool) for the fiscal year ended June 30, 2022, and the related condensed, combined statement of financial position as of June 30, 2022. Also presented is comparative information for the fiscal year ended June 30, 2021. This information is presented on the accrual basis of accounting and has been summarized from the annual financial statements reviewed by Baker Tilly US, LLP. The complete financial statements may be viewed in the Church office.

As we emerged from the pandemic during fiscal 2022, the Church was able to return to providing in-person services and programs, resulting in an increase in Regular Offerings & Contributions income of $446,981 from fiscal 2021 to 2022 and an increase in revenues over expenses (change in net assets) of $347,379. The Church's total expenses increased by $177,779, or about 6%, consistent with price and wage increases experienced in the general economy.

The Preschool also experienced a significant increase in Regular Offerings & Contributions in 2022 due to the award of a Child Care Stabilization Grant from the Arizona Department of Economic Security. Under this grant, the Preschool has been receiving funds to be used for reimbursement of salary and other operating costs for providing childcare services. The final grant payment will be received in June 2023. In addition, the Preschool recognized income of $84,303 in 2022 from the Employee Retention Tax Credit under the Coronavirus Aid Relief and Economic Security Act. These revenue increases were partially offset by increased expenses of $200,122 due to expanded class offerings as the pandemic eased.

Cash and investment balances remained strong at June 30, 2022, primarily due to the Session keeping close track of expenses and the lack of need to utilize cash reserves to cover operating expenses.

PINNACLE PRESBYTERIAN CHURCH, PINNACLE PRESBYTERIAN CHURCH FOUNDATION AND PINNACLE PRESBYTERIAN DAY SCHOOL COMBINED STATEMENTS OF FINANCIAL POSITION (CONDENSED)

JUNE 30, 2022 AND 2021