Tuesday, July 29, 2008

Money, Money, Money

Let me just say first off that I am in no way a bible scholar and I don't profess to be. Even though I have had 2 religion classes from Anderson University. I’ve always been interested in numbers, and in going to college and changing my major to business, I've become really interested and passionate about finances. I just wanted to take a few minutes to share our needs financially as a church and as staff of Oasis Church. We usually explain this at our informational meetings, but I would like for those who can’t attend to have some of our financial information. We currently have 3 areas of financial need.

Launch Fund
Support Funds
General Offering

The Launch Fund is will be used for things leading up to and for launch day of Oasis Church. Our current goal for the Launch fund is $125,000. This will be used for things like advertising and promotions, preview services, and equipment. This goal may decrease as we have found a new and more reasonable business to work with in furnishing our portable church equipment.

Support Funds:
As a staff member of Oasis Church, each person will be required to raise their own finances for the first three years they are on staff. This means that each person will have to get out and ask people to support them financially for 3 years. This could be $1 a month or $10,000 a month depending on what God puts on your heart to give. These funds will go to pay each staff member’s salary. That means that whatever staff member raises goes towards his/her salary. Basically it as if you are self-employed. First you have to take out 10-15% contingency for those that commit but don’t give or for an amount you can’t get and for those that stop giving. From that goal up to another 25% is taken out for taxes, depending on the number of dependents that staff member has. Health insurance and any other benefits are taken out. For example, a staff member that is unmarried sets a goal of $30,000 for his financial needs. After 25% for taxes and $100 per month comes out for health insurance that staff member only pockets 21300/year. That comes out to $1775 per month. Hopefully that makes sense. In saying all of that, Curt needs 56 financial partners at $80 a month to reach his goal.
Matt needs 47 financial partners at $65 a month to reach his goal.
That does not mean you are limited to or required to give that each month. We will gladly accept smaller monthly commitments, or one-time gifts. That just lets you know what it takes. You can do the math.

General Offering:
This fund is only supported by the OC’s core members. This goes towards our basic operating needs. Also a portion of this goes towards the launch fund each month.

If you have questions, please don't hesitate to contact me or Curt.

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