GENERAL BOARD OF GLOBAL MINISTRIES OF THE UNITED METHODIST CHURCH, INC. STATEMENT OF ACTIVITIES (CONTINUED)
YEAR ENDED DECEMBER 31, 2024
Without Donor
With Donor Restrictions
Restrictions
Total
Expenses:
Program Services: Global Mission Connections
$
7,676,342 11,965,495 7,977,287 13,514,474
$
- - - -
$
7,676,342 11,965,495 7,977,287 13,514,474
Missionary Services Board-wide programs
Distribution of designated funds and gifts
Total Program Services
41,133,598
-
41,133,598
Supporting Services: Management and general
9,921,768 1,687,744
- -
9,921,768 1,687,744
Fundraising
Total Supporting Services
11,609,512
-
11,609,512
Total Expenses
52,743,110
-
52,743,110
Change in net assets from operating activities
(4,810,771)
(5,454,990)
(10,265,761)
Nonoperating Activities: Investment return, net
11,614,278
6,504,560 1,218,954
18,118,838 1,218,954
Net appreciation in fair value of perpetual trusts Net appreciation in beneficial interest in timberland forest Net increase in revolving loan fund held by United Methodist Development Fund
-
-
448,000
448,000
- -
452,938
452,938
Contributions
1,492,250
1,492,250
Change in net assets from nonoperating activities
11,614,278
10,116,702
21,730,980
Change in net assets
6,803,507
4,661,712
11,465,219 357,337,628
Net assets, beginning of year
189,652,155
167,685,473
Net assets, end of year
$ 196,455,662
$ 172,347,185
$ 368,802,847
The accompanying notes to the financial statements are an integral part of these statements. 5
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