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The Foursquare board of directors approved the 2010 annual operating plan (AOP) during the fall meeting. The 2010 AOP reflects a balanced budget, marking a significant turnaround from a longstanding pattern of drawing from reserves to cover operating expenses.

The board has made a renewed commitment to “live within the tithe” in 2010 and beyond, and has proactively taken steps to ensure that every tithe dollar received from member churches is well-stewarded and directed toward supporting the mission of The Foursquare Church.

Below is a graph showing the distribution of the projected tithe income for 2010:

2010 FinancialsClick to enlarge
While our financial results through Sept. 30, 2009, show a net loss of $1.3 million in core ministry operations (National Church Office, Missions and Administration), the projected loss for this period was anticipated to be $2.4 million.

The $1 million in savings is due in large part to the significant cost-cutting measures taken within core ministry operations since November 2008, including the reduction of nearly 60 staff members from the central office, administrative resource centers (ARCs) and field-based ministries.

For any comments or questions, contact Ron Thigpenn at 888.635.4234.