2025 BUDGET &
VOTING TOPICS
2025 MINISTRY BUDGETS
$1,600,000
Staff Compensation & Benefits: $951,100 (59%)
Administration: $153,250 (10%)
Facilities: $126,000 (8%)
Mortgage: $159,000 (10%)
Worship: $51,300 (3%)
Adult Ministries: $33,200 (2%)
Kids Ministry: $27,500 (2%)
Student Ministry: $22,000 (2%)
Opportunity Expenses: $76,150 (4%)
2024-2025 TOTAL INCOME:
Commitments and expected giving over 25 months of GG: $7,100,000
2024-2025 TOTAL EXPENSES:
New Construction: $3,635,000
Missions for Two Years: $300,000
General Budget for 25 Months: $3,165,000
Operating Expenses for Dec 2023: $145,000
Operating Expenses for 2024: $1,420,000
Operating Expenses for 2025: $1,600,000
FULL BREAKDOWN OF 2025 BUDGET
(2024-2025)
We are living out our two year mission adventure called Gaining Ground. Over the next two years we are Gaining Ground for God and for Generations as we build out a new auditorium.
WHAT
Compass will be negotiating a loan up to $6,000,000 to build a new auditorium, lobby, and kids classrooms on our vacant five acres of land. When final costs have been set and all gifts have been received, it is estimated our net borrowing will be very near the $4,000,000 approved last year. The initial loan is higher due to the potential timing difference of when construction costs need to be paid and when the committed donations of the Compass family are received.
APPROVAL TO INCREASE COMPASS BORROWING
WHY
To reach the West Valley and beyond. God has called Compass to be on mission with Him to provide a community space where people will find their way to God.
WHO
The Chairman of the Elder Board and Treasurer are authorized to execute any and all documents needed to complete this transaction.
LOAN SUMMARY
Loan Amount: Up to $6,000,000.
Interest Rate: Negotiating the best rate.
EDDIE VILLANUEVA
Eddie & Cece have been married for 15 years and have three sons and a daughter. Eddie and Cece serve on the Compass Marriage Ministry team together. In addition, Eddie serves on the Compass First Responders team and Cece has led a table in the women's Bible study as well as served in Compass Children's ministry. The Villanuevas are excited to see Compass grow, and they love the way their children are growing in their faith. Looking forward, they see Compass as a place for their future grandchildren and many generations to come. They have seen the Lord move in their lives, in their marriage and in their children's lives. They know nothing is impossible when Christ is at the center.
ROGER SEGROVES
Roger and Monica have been married 32 years and have a son, a daughter-in-law and two beautiful granddaughters. Roger serves on the Compass Arts team where he leads and plays guitar Sunday mornings. He also serves on the Compass First Responder team where he ensures safety on our campus. Monica serves as a greeter on our Host Team. Roger is grateful he and Monica found Compass and he is excited about the culture of love and community at Compass. He sees God moving through Compass and he looks forward to contributing as a member of the Elder team.
