September News Regarding the Foundry Management Board

Tuesday, September 22, 2015

Foundry Management Board creates cushion for Mission Possible cost increases

The Foundry Management Board, a nine-person elected group, meets monthly to discuss and make decisions regarding the management of the church. 


The Foundry Management Board voted unanimously at its Sept. 22 meeting to put one part of the Mission Possible renovation on hold to provide a cushion to offset cost increases elsewhere in the project.

The Board approved a proposal to delay the replacement of air handlers, an item that is currently estimated to cost $425,000. That element of the building renovation is not integral to the first phase of the Mission Possible initiative, which focuses on creating a new fellowship space on the main floor of the building.

The move came after Paul Hazen, the Mission Possible chairman, reported that bids for the first phase of the project came in $700,000 higher than projected. Hazen attributed the increases to high construction demand in the District, rising commodity prices and the fact that the first-floor elevator is a bespoke design for Foundry.

The Mission Possible negotiators were able to get the bid overages down to $80,000.

“We feel pretty good that we’re close,” Hazen told the Board.

 

Budget deficit grows

The Foundry deficit for 2015 has grown to $114,000, Matt Hansen, a Board member and chair of the Finance Committee, told the Board. “The driver is [a decrease in] non-pledge gifts,” Hansen said.

Part of the Advent giving appeal may focus on deficit reduction. That effort would come on the heels of the Stewardship campaign – set to launch in October – and in the midst of an attempt to get Mission Possible donors to wrap up their three-year commitments by the end of the year.

“The problem is that it’s all happening at the same time,” said Board member Dan Vock.

Foundry Senior Pastor Ginger Gaines-Cirelli is taking the long view on deficit reduction. She noted that it was more than $170,000 in July 2014, when she came to Foundry. That shortfall was paid off by dipping into the operating reserves.

The church is dealing with a lower deficit this year, a trend that Gaines-Cirelli hopes continues. “It’s going to take these incremental steps,” she said.

Cobbling together the 2016 budget will start in October. A budget workshop is scheduled for 6:30 p.m. Oct. 13 in the parlor. The Board will begin budget discussions at its Oct. 27 meeting.

The Stewardship campaign will begin in October with the theme of loving, serving, giving. The entire Board was set to make their pledges by Oct. 1.

 

Developing church vision

Over the next six months to a year, Gaines-Cirelli said that she will engage in one-on-one and small group sessions with some of the church’s largest donors and leaders. The meetings are designed to develop a plan for Foundry to “call, equip, send and support spiritual leaders to serve the church and the world.”

“I’m going to be intentional and strategic about developing those relationships,” Gaines-Cirelli said.

 

Submitted by Mark Schoeff Jr. on behalf of the Mission Possible Communications Team