Treasurers Report

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Treasurers Report
2006
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The Evangelical Covenant Church
AnnualMeeting
ExecutiveBoard
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The Evangelical Covenant Church Assets Under
Management
( in millions)
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The Evangelical Covenant Church Revenues
( in millions)
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Conferences and Regions
6
Mission Fields
7
Local Church Attendance
8

• 21.2 of all congregations are now ethnic or
  multi-ethnic

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Mission Impact
World Mission
Members
Churches
10
Women in Ministry

• Number of female pastors

11
Women in Ministry

• Number of senior pastors, co-pastors and church
  planters

12
Budget and Related Activities
Midwinter
CHIC
AnnualMeeting
Covenant Coordinated Budget
Hurricane Relief
Tsunami Relief
CovenantWorld Relief
Paul CarlsonPartnership
Projects
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Relief Tsunami Hurricane

• Gifts Contributed
• Tsunami Relief 2,019 1,008,939
• Hurricane Relief 2,135 ,1276,008
• Total 4,154 2,284,947

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Covenant World Relief

• 20031,014,772
• 20041,036,320
• 20051,397,992
• Total3,449,084

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Other Initiatives
Paul Carlson Partnership 1,223,000(2004 and
2005)

• China Mission 191,000

Keystone Challenge 123,000
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Aggregate Giving (20032005)Selected Non Budget
Items
Covenant World Relief
Hurricane Relief
Tsunami Relief

1
3
6
6
7
8
7
,
,
___ ___ ___ ___ ___ ___ ___
China Mission
Keystone Challenge
Paul Carlson Partnership
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Local Church Giving to Covenant Coordinated Budget
( in millions)
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ECC Financial Results

• Church Giving
• Church Giving(including Keystone)
• Net Income

? 1.6 ? 2.9 37,000
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The Evangelical Covenant Church

• World Mission
• Church Growth and Evangelism
• Christian Formation
• Ordered Ministry
• Administration

20
Covenant WebsiteAverage Monthly Pages Accessed
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The Evangelical Covenant Church

• Covenant Communication
• Women Ministries
• Covenant Development Corporation
• Paul Carlson Partnership

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Benefits Good News

• Pension
• 15 increase in minimums

• Bethany (insurance)
• No 2006 rate increase
• Saved local churches 1,000,000

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Assets of Pension Fund
( in millions)
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Pension Benefits
( in thousands)
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Minimum Monthly Pension Benefit Ministers
Monthly Payment
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Covenant Pension PlanAsset Allocation Targets
Alternative Investments
Absolute Return
International Equity
Fixed Income
Small Cap Equity
Large Cap Equity
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Medical Insurance Rate Increases
Comparable market rate increases
Cost aving
Bethany rate increases
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Bethany Benefit ServicesBenefits Provided

• Medical (Provider Networks)
• Dental
• Life Insurance
• Long Term Disability
• Employee Assistance Program
• Long Term Care Insurance

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Bethany Medical Care Inflation Outlook

• Prescription drugs
• Aging workplace
• Improved expensive medical technology
• Aggressive diagnosis and preventative treatment
• Saturation of managed care

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National Covenant Properties Assets
( in millions)
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THE Loan Source for Covenant Churches

• Of the churches that have loans, over 85 have
  loans with NCP

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Covenant Trust Company 2005 Record Results

• New business 32.6 million
• Distributions 17.0 million
• New business to conferences 39.4
• Assets 368 million

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Covenant Trust CompanyAssets Under Management
( in millions)
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North Park University Enrollment
Total 3,161
Number of Students
Graduate College
Graduate Seminary
Non-Traditional Undergraduate
Traditional Undergraduate
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Leadership Development
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Covenant Ministries of Benevolence

• Swedish Covenant Hospital
• Life Center
• Emanuel Medical Center
• Covenant Retirement Communities

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Covenant Ministries of Benevolence

• Compassion and Justice Ministries (Churches
  Planting Ministries)
• Childrens Home
• Covenant Enabling Residences
• Affordable Housing

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Audit Report
2006
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Treasurers Report
2006