As part of our regular practice, we wanted to give you a quick snapshot of where we stand after the first quarter of our fiscal year. We typically give bigger updates halfway through the year and at year-end, but we like to keep you in the loop along the way, especially when many of you ask, "How are we doing?"
The reason we share financial updates is twofold: First, because Jesus taught us that where our money goes, our hearts follow. It’s a great opportunity for each of us to reflect on where we’re trusting Him with our resources. Second, we’re committed to using what God has given us to reach as many people as possible and care for one another, both locally and globally.
So, how are we doing? We set a budget of just under $4 million for this fiscal year (July through June), and in this first quarter, we've raised $853,000, which includes $788,000 from our One Fund and an additional $65,000 in other income. Not bad for a quarter that typically sees lower giving during the summer months!
While we've spent a bit more than we’ve brought in—about $880,000 in total expenses—we’re optimistic. Historically, our second quarter, especially around November and December, is when we see the most giving. So, we’re excited to see what’s ahead!
By the way, 58% of our giving this quarter came from those who give monthly. A huge thank you to those consistent givers—you’re making a tremendous impact!
We also wanted to highlight Heart of the City. The number of people we’re able to help through this outreach has tripled since last year, and we’ve doubled the amount of income provided for assistance. That’s over 100 families per month that we’re reaching with tangible help, and most importantly, the love of Christ. This growth is exactly what we envisioned when we began this ministry, and it's incredible to see God working through it.
As we continue to grow, our goal is 100% participation. Whether it’s through prayer, giving, or volunteering, every bit of involvement counts and helps us fulfill the mission God has given us.
Thank you for being part of this journey, for your generosity, and for your prayers. Let’s keep growing together and making an impact for His Kingdom.
Kingdom Investment
July 28, 2024 • Stacy Carter
This past year has been an incredible journey of faith, growth, and community impact.
As we reflect on the many ways God has worked through us, it’s clear that we have so much to celebrate and be thankful for. Here are some of the highlights that showcase the power and love of God in our midst.
There's a lot of Kingdom work we've invested in this last year, and our CFO, Stacy has done a phenomenal job with our leadership team. We have many things to celebrate and rejoice over!
A Year of Transformations and New Beginnings
Taste of Grace: 110 people attended this event, fostering connections and welcoming new members into our community.
Baptisms: Over 100 baptisms took place, not just within our church but in various retreats, camps, and home groups, symbolizing renewed faith and commitment.
New Families: 241 new families joined Grace Kids, bringing fresh energy and excitement to our children’s ministry.
Youth and Adult Engagement: Our youth and adult groups have seen remarkable growth, with youth involvement doubling and adult participation in discipleship groups reaching 768 members.
Heartfelt Outreach and Local Impact
The Heart Of The City: This initiative has tripled its reach in the last two years, impacting numerous families with nearly 1,000 volunteer hours and over $122,000 in financial support.
School and Holiday Support: Through initiatives like Gearing Up For School, Joy Drive, and Christmas parties for CityTeam, we’ve provided essential support and heartfelt moments of joy for many in need.
CoffeeHouse Ministry: Serving around 1,100 people monthly, our Coffeehouse has become a haven of peace and connection, welcoming both believers and non-believers alike.
Global Partnerships and Mission Work
Living Water and Africa New Life: Through these partnerships, we’ve supported essential missions trips and the sponsorship of 578 children, ensuring they receive education, food, and healthcare.
Supporting Missionaries: We’ve backed numerous missionaries, from local university outreach to international media ministries, expanding our reach and impact across the globe.
Financial Stewardship and Community Support
Generous Giving: With a total income of over $3.6 million, we’ve managed our resources prudently, ensuring that every dollar is used effectively to support our ministries and outreach programs.
Debt Reduction: We’ve paid off $500,000 of our long-term debt, positioning ourselves for continued growth and impact.
A Call to Action
We are here for the Kingdom of God, and when His Kingdom breaks through, we celebrate every victory. We invite you to join us in this mission, to be a provision to the broken and a light in the darkness.
Let's Stand Together
As we reflect on the past year and look forward to the future, let's remember our mission. Whether you're a student, teacher, government worker, stay-at-home parent, or business professional, you are called to carry the Kingdom of Heaven into the world. Let us represent a God who is good, gracious, and loving in all that we do.
Thank you for being part of this incredible journey. Your support, prayers, and participation make all the difference. Let's continue to partner with Jesus, bringing hope, grace, and salvation to those around us.
Financial Update - April 2024
April 14, 2024
Financial Update - January 2024
January 28, 2024
We are fortunate to have a history of generous people who leverage what they have so that others can experience and express the essence of Jesus.
Financial Update - October 2023
October 15, 2023
A Year Of Impact
July 9, 2023
Financial Update - April 2023
April 16, 2023
Financial Update - December 2022
December 26, 2022
"As I reflect through this season, my heart continues to grab hold of the vision for us to have unshakable faith. We are living in a world where there is shaking all around us. Some shakings are personal in your marriage, singleness, health, finances, or family. Some of those shakings are national or global.
Jesus was born into a world of shakings. In that world of chaos and confusion, Jesus offered a life rooted deep in his love, power, hope, and peace. Having an unshakable faith is rooted in the reality of God’s love and His faithfulness.
Christmas season is the halfway point through our fiscal year. I want to express deep gratitude to each of you for the financial gifts, offerings, and resources you have given. I pray that we, as a church, would model what radical generosity and faith look like through our giving.
Through our giving, we have the opportunity to steward the impact that God is doing in our church. I want to give us a bold challenge to be part of stewarding and resourcing what God is doing and more opportunities for impact. I want you to hear from Stacy Carter, our CFO, as she summarizes how we see the reach of our impact."
— Mike Tatlock - Lead Pastor
"As I look back on the impact of our giving last fiscal year, I am in awe and wonder at how we were able to impact our city, our region, and the world. Your generosity enabled us to be the hands and feet of Jesus to so many.
We gave over $95,000 to Living Water International to help build water wells. We sponsored children from Africa New Life Ministries and helped fund two new church buildings in Africa. We gave to the Refugee Care Crisis and poured out gifts and offerings in our Advent Conspiracy season (Joy Drive, City Team, Share the Warmth, etc.). We assisted over 320 families through the Heart of the City Outreach center, provided school supplies, purchased backpacks for children in our community, and discipled families throughout the year.
We also support our local partners like YoungLife, Fellowship of Christian Athletes, CatalystNW, and many more. Our desire has always been to give ourselves away, and we continue to do that all year long. Our cause is to experience and express the essence of Jesus Christ in all we do.
As we near the end of our calendar year, here is our current fiscal year budget and giving.
2022-2023 Fiscal Year Budget
$3,415,739
July - November Giving
$1,351,477
We have received roughly 40% of our budget, while we are almost 50% through our fiscal year.
Typically by the end of the calendar year, we have received 65%-70% of our budget. This surplus is incredibly helpful as it adds to our reserves, so we have resources available to use in our leaner months of the fiscal year."
— Stacy Carter - CFO, HR Director, & Executive Assistant
The local church is the primary place for the mission of God to be expressed in our shaking world.
30% of our church has given $1 or more this fiscal year. Every dollar makes a difference, so this isn’t about any amount; this is about 100% participation for everyone who calls Grace Chapel home. We do not have a capacity issue of resources in our church; we have a capacity issue of worship in our giving. The resources are within our means as a church. But, I would love for us to live above and beyond what we could manage and see unshackled faith manifest into unleashed, miraculous generosity for the Kingdom. I want to boldly challenge that if you have not given to Grace Chapel, you would prayerfully decide to leverage your giving.
We have unshakable faith God will provide as we continue to be a generous church that gives itself away. Your contributions have done and continue to do powerful things, and we’re so grateful for your generosity. We hope you will take the time and pray about your year-end giving during this high-giving season.
What an exciting time for us to be the church today!
Much love and gratitude,
Pastor Mike & Stacy Carter
Financial Update - October 2022
October 16, 2022
A Year Of Impact
July 24, 2022
On Sunday Stacy Carter (Our CFO & HR Director), Mike Tatlock (Our lead Pastor), and Jake Schwein (Campus Pastor & Pastor of Worship and Justice) shared an update on the impact of Grace Chapel during the 2021-2022 fiscal year. It is always so exciting to look back at God's faithfulness and see what He has done through our Church family.
We believe in being transparent in how we spend our money. We want to let you know how God has moved in our community through your generosity. As a faith community, we are fortunate to have a history of generous people who leverage what they have so that others can experience and express the essence of Jesus. All of the funds we operate off of come in through the intentional generosity of those who call Grace Chapel their home. Your contributions have done and continue to do powerful things, and we’re so grateful for your generosity.
Grace Chapel started with a vision to Give Itself Away. Since the founding of our church in 1998, God has surprised, challenged, and blessed us beyond anything we could have imagined. He has allowed us to effectively serve both locally and globally in ways that have put us on the front line of seeing Him usher in life change.
Looking back at God’s faithfulness gives us the assurance and courage to boldly step forward into a bright and exciting future. Our strong and vibrant past gives us the foundation to look forward to an amazing future.
