UNITED METHODIST COMMITTEE ON RELIEF OF GLOBAL MINISTRIES, INC. AND AFFILIATES CONSOLIDATED STATEMENTS OF ACTIVITIES
YEARS ENDED DECEMBER 31, 2024 AND 2023
2024
2023
Without Donor
With Donor
Without Donor
With Donor
Restrictions
Restrictions
Total
Restrictions
Restrictions
Total
Operating Revenues: Advance special gifts
$ 10,650,157
$ 20,732,166
$ 31,382,323
$ 10,367,827
$ 19,621,103
$ 29,988,930
Special Sunday Offerings
1,750,170 1,795,979
-
1,750,170 2,155,278
1,566,220 7,155,534
-
1,566,220 8,525,534
Gifts and bequests
359,299
1,370,000
Grants from General Board of Global Ministries Sager Brown program income
55,047
7,500,000
7,555,047 1,078,337 1,241,170
20,943
-
20,943
1,055,439 1,241,170
22,898
1,002,687
10,000
1,012,687
Other income, net
-
850,125
-
850,125
Net assets released from restrictions
17,891,113
(17,891,113)
-
19,590,663
(19,590,663)
-
Total Operating Revenues
34,439,075
10,723,250
45,162,325
40,553,999
1,410,440
41,964,439
Expenses:
Program Services: Specialized ministries
6,830,087
- - -
6,830,087
7,229,656
- - -
7,229,656
Advance projects
15,275,077
15,275,077
17,104,034
17,104,034
Health programs
5,930,975
5,930,975
6,879,168
6,879,168
Total Program Services
28,036,139
-
28,036,139
31,212,858
-
31,212,858
Supporting Services: Management and general
5,626,365
- -
5,626,365
4,938,849
- -
4,938,849
627,761
Fundraising
881,213
881,213
627,761
Total Supporting Services
6,507,578
-
6,507,578
5,566,610
-
5,566,610
Total Expenses
34,543,717
-
34,543,717
36,779,468
-
36,779,468
Changes in Net Assets From Operating Activities
(104,642)
10,723,250
10,618,608
3,774,531
1,410,440
5,184,971
Nonoperating Activities: Investment returns, net
4,814,800
1,449,224
6,264,024
9,594,422
2,441,257
12,035,679
Investment returns, net - Wesleyan Investive Investment returns, net - General Board of Global Ministries of The Methodist Church, Inc. Net (depreciation) appreciation in fair value of perpetual trusts
23,167
(2,528)
20,639
48,862
(10,426)
38,436
-
(15,618)
(15,618)
-
91,445
91,445
- -
14,608
14,608
- -
85,920
85,920
Contributions
-
-
1,000
1,000
Total Nonoperating Activities
4,837,967
1,445,686
6,283,653
9,643,284
2,609,196
12,252,480
Changes in net assets
4,733,325 51,768,084
12,168,936 57,616,946
16,902,261
13,417,815 38,350,269
4,019,636 53,597,310
17,437,451 91,947,579
Net assets, beginning of year
109,385,030
Net assets, end of year
$ 56,501,409
$ 69,785,882
$ 126,287,291
$ 51,768,084
$ 57,616,946
$ 109,385,030
The accompanying notes to the consolidated financial statements are an integral part of these statements. 4
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