Annual Report 2015

Welcome to our annual report. This report has been prepared for our donors, who are important partners in our ministry.  In an effort to be more transparent and responsive to those who support us, we plan to publish our annual financial information each year on our website. If you have any questions about this information, please contact us at houseprayer@csbsju.edu or 320-363-3293.

If you would like to become a donor of the House of Prayer, click here. We receive no direct financial support from either the Episcopal Church in Minnesota or Saint John’s University and Abbey. We are grateful to those who use the House of Prayer, attend our programs, or simply spread the word about our facility to others.

I. Income

Income 2015 jpg

Where our funding comes from: Total Income for the Episcopal House of Prayer for 2015 was $203,973. This represented an increase of $10,000 over 2014 due entirely due to increased rental income.

Programs: In 2015 we had a major transition in the focus of our programming. After changes in long-time presenters, we revisioned our programs and brought in several new presenters. Attendance at the retreats was not at the banner levels of 2014, but were still quite good, and the response to the new programming was positive.
Facility Rental: Our facility is available for rent by groups when not scheduled for a House of Prayer retreat. In 2015, we hosted 71 separate events, including class visits, one-day meetings and vestry retreats, evening receptions and extended retreats groups. We were busy in the fourth quarter, but have found that our facility is in use more throughout the year, including a healthy winter and summer weekend rental season. Several groups use us as their regular location for retreats throughout the year; the groups are larger and stay longer. We continue to welcome individual retreatants and have had increased use of the House of Prayer by various College of St. Benedict/Saint John’s University groups. The rental income is an important piece as we transition to Ward Bauman’s retirement and hiring a new director for the Episcopal House of Prayer in 2016.
Endowment Income: We participate in the Pooled Investment Fund with the Episcopal Church of Minnesota (ECM). We withdraw 4% annually, as recommended by the Board of Trustees of the ECM, to supplement our income while maintaining growth of the fund. Our balance dropped over the course of 2015, reflecting overall market performance. At the end of 2015, our endowment was $963,464.
Fundraising: Our annual appeals for the general fund were flat from 2014 at $60,000. We are also finishing the 25th Anniversary Renewal Fund campaign. As of December 31, 2015, a total of $276,012 has been collected of a total pledged amount of $276,700. The remaining amount is scheduled for payment through auto-pay in 2016.

 

II Expenditures

Expenditures 2015

Our expenditures primarily go to salaries and benefits. The Episcopal House of Prayer employs a full-time director and a part-time (24 hrs/wk) administrator. These positions are supplemented by volunteers who participate on an active board, manage fundraising activities, and assist with all aspects of operations at the House of Prayer. Note that the building expenses included here are basic operating expenses and repairs. We raise funds separately for major capital expenses. Our promotion expenses were slightly higher than usual this year due to the 25th Anniversary Celebration.

Our end result for the year was a $15,000 surplus. We continue to have strong, on-budget results through our combination of multiple, managed revenue streams and controlling expenses.

 

We are grateful to all who participate in our ministry of contemplation, transformation and hospitality.