Congregation Kol Shofar President’s Report

CONGREGATION KOL SHOFARPRESIDENT’S REPORT

May 2014

Mission Statement

Kol Shofar is a dynamic congregation rooted in the enduring values of Jewish traditions, while embracing innovations that enrich contemporary Jewish life. We cultivate personal spiritual growth and connection to a caring community. Together we create meaningful, accessible experiences of learning, prayer, service, and celebration to help people of all ages and diverse backgrounds live more purposeful lives and improve the world.

Kol Shofar Objectives

Retain/Build/Expand Our Community

Ensure Long-Term Financial Stability

Provide for Lay Leadership Development and Succession

Kol Shofar Objectives Retain/Build/Expand our Community

Elevate the Congregant Experience Relational Emphasis

Ambassador program Neighborhood clustering

Communications New website Use of social media

Feedback Community experience survey Ongoing program evaluation

Kol Shofar Objectives Retain/Build/Expand our Community (con’t.)

Elevate the Congregant Experience (con’t.) Increased facility usage

Modification of the CUP Personnel

Renewal for Rabbi Chai Levy Renewal for Jonathan Emanuel Enhanced review process

Greater Transparency Board member roles and accessibility Mid-year financial update Fridays at Kol Shofar

Kol Shofar Objectives Retain/Build/Enhance our Community (con’t.)

Enhance our Content and Offerings Youth Engagement

Torah project Madrikhim program and Teen Recognition ceremony Junior Kadima youth group Youth-led Friday night services

Adult Engagement Varied approach to prayer Breadth in Learning Robust Bridges to Israel program Parent study on Kol Shabbat

Kol Shofar Objectives

Retain/Build/Enhance our Community (con’t.) Enhance our Content and Offerings

New Tikkun Olam initiatives Exploration of alternative ritual practices

Kol Shofar Objectives

Ensure long-term financial stability: Balanced Budget

Annual Campaign Annual Gala

Preparation for New Capital Campaign Evaluation of alternative affiliation models

Kol Shofar Objectives

Provide for lay leadership development and succession Volunteer Concierges Enhanced Board nominating process

CONGREGATION KOL SHOFARTREASURER’S REPORT

May 2014

First—A Huge “Thank You”! To our Staff:

Pam Louie—Financial Manager Nancy Drapin—Executive Director Daliah Neuberger—Bookkeeper

To our Budget Committee: Past and Future Treasurer Steve Grossman Board Member Rachel Fierberg

To our Bank Negotiating Team: Howard Zack, Norman Traeger, and Steve

Grossman

2013-2014 Financial Highlights

Net Membership Growth of 12 Families (2.5%) Record Annual Fund Giving (Combined

Campaign) Record Gala Proceeds (Waxman Tribute) Projected Total Revenues of $1,880,000 Projected Breakeven Results Re-Financed Building Mortgage

2014-2015 Proposed Budget Total Revenues of $1,897,000—1% Increase

3% Growth in Membership Revenue 12% Higher Tuition 13% Lower Fundraising Revenue

Total Expenses of $1,890,000—Flat 4% Higher Compensation Expense 9% Lower Operating Expense

Projected Small Bottom Line Surplus!

Where our Money Will Come From

Membership Support

47%

Tuition9%

Fundraising19%

Facili-ties

Rentals

14%

Cemetery Sales7%

Restricted Gifts2%

Other2%

Where Our Money Will Go

Compensation73%

Operating Expense27%

Compensation Cost Components

Clergy/Ritual32%

Education20%

Maintenance20%

Administration28%

Operating Cost Components

Utilities13% Office

Expense9%

Repair & Mainte-nance

9%Consulting & Profes-

sional9%

Food14%

Program Costs22%

Marketing6%

Insurance9%

Other9%

Kol Shofar Budget Fun Facts! Tuition Covers only 56% of the cost of

educating our children 84% of Gala Revenue goes to support

CKS Total Operating Costs/Family--$4,090 Revenue Required/Family--$3,160

Our Two-Part Mortgage First Republic Bank $3.5 million Five-Year Note

Total balance due September, 2018 Floating rate (currently 4%)

$3.5 million Amortizing Loan Payments based on 30 year repayment

schedule Fixed rate for ten years—4.5% Balloon payment due September 2028

The Capital Plan

New Debt Retirement Capital Campaign begins 2014/2015

Goal—to at least retire debt coming due in 2018

Re-finance Remaining Balance into New 30-year Mortgage, serviceable from operating revenues

Yasher Ko’ach to our Capital Campaign Committee!

Co-Chairs: Michael and Karen Young Howard and Diane Zack

Additional Members: Norman Traeger Dan Weisman Devorah Stadtner

Questions?

Motion from the Board

Approval of the Proposed 2014/2015 Budget

Diane Zack Decades of Dedicated Service to Kol

Shofar

1995 Joined Kol Shofar Board 1997-2000VP Financial Resources 2002-2005VP Administration/Operations 2005-2007President 2007-2010Immediate Past President 2010-2014VP Capital Development

Diane Zack Additional Leadership Roles

Co-Chair Building Capital Campaign (Over $17 million in pledges)

Catalyzed the Southern Marin JCC Preschool Established the New Torah Fund Chaired Alternative Revenue projects Chaired numerous Galas and Donor

Appreciation events