The Financial State of the ELCA
Articles detailing the ELCA's current financial situation and the decline of financial support to the denomination.
Click the "Financial Reports" tab on the above link to find current and past fiscal year reports from the ELCA. Goes back to 2009.
The Church Council of the Evangelical Lutheran Church in America (ELCA) took action on proposals designed to examine and explore new opportunities to fund the mission of this church. The council also considered proposals on the formation of a single ELCA lay roster and more when it met here April 9-12, 2015. . .
The ELCA launched a five-year fundraising campaign February, 2014 called "Always Being Made New: The Campaign for the ELCA." The goal of this fundraising effort by the Evangelical Lutheran Church in America is to raise $198 million. . .
. . .The Delaware-Maryland Synod Council met on January 12, 2013...Faced with a decrease in mission support of $138,000 over last year, the Council voted to cap 2013 expenses at 90% for all budget items that are not fixed. . .
. . . We also are told that ELCA treasurer, Rev. Linda Norman, announced “Financial contributions from congregations for the work of synods and the churchwide organization in the form of Mission Support for the first. . .
. . . Bishop Marcus Lohrmann said in a report to the synod Friday and in an interview with The Blade this week that the synod's budget has been shrinking for years and has reached the point where drastic changes, not just temporary fixes, are necessary. . .
The Evangelical Lutheran Church in America’s largest seminary, Luther Seminary in Minnesota, sent shockwaves through the denomination with the recent admittance that they are facing extreme financial difficulties. . .
. . .The report explores data regarding baptized members, congregations, and pastors in the ELCA between 2005 and 2014. . .
Financial trouble in the liberal Saint Paul Area Synod. Synod Bishop Peter Rogness reports, “after sailing through the first ten months of fiscal 2011 (Feb. 1 to Jan. 31) a healthy four percent ahead of the previous year, we encountered a poor December and January and. . .
. . .Revenue totaled 46.1 million for the nine-month period compared with $46.7 million the previous year, a decrease of $0.6 million or 1.3 percent. In addition, $2.8 million in support was released from restriction or designation during the period. Total revenue and support for the nine-month period of $48.9 million was favorable to the budget by $2.2 million and unfavorable to the prior year by $1.4 million. . .
Synodical Remittances for the period ending January 31, 2016
2015 Operation Results Summary for the Nine Months Ending October 31, 2015
2015 Operating Results Summary for the Six Months Ending July 31, 2015
Current Operation Funds Summary of Revenue and Expenses - ELCA
. . .Revenue totaled $46.9 million for the nine-month period compared with $50.4 million the previous year, a decrease of $3.5 million or 6.9 percent. . .
. . .Two Lutheran seminaries in Pennsylvania are planning to close and launch together a new school of theology in 2017 with hopes of slashing costs and reversing years of declining enrollments. . .
Under financial stress, Concordia College said Friday it plans to discontinue nine majors and one concentration, including several languages. . .
. . .the college (Wartburg) has pointed to declining enrollment and a $3.7 million budget gap as a reason for the cuts. Graham Garner, a Wartburg spokesman, said the college has seen a decline in enrollment for each of the last five years, from just over 1,800 students in 2011 to about 1,537 today. . .
. . .With 66 percent of fiscal year 2016 complete (WELCA), regular offerings, Thankofferings, designated gifts, special offerings and SWO convention offerings have fallen almost $1 million below budgeted projections.In 2015, the organization realized a $243,840 deficit. . .
. . .Luther Seminary is selling the 4.5-acre plot as part of a final agreement announced earlier this week. The land is located across the street from the current clinic at 2500 Como Av. . .
. . .At separate meetings held this month, the boards of Capital and Trinity approved a resolution expressing their mutual commitment to pursue reunion. . .
. . .Luther Seminary’s Annual Report numbers are also available at www.luthersem.edu/annualreport. . .
. . .In a sale approved earlier this month by the Federal Communications Commission (FCC), the station and its assets were purchased for $8 million. . .