FINANCIAL REPORT
This page contains our Financial Report for the fiscal year August 2019-July 2020. These numbers include a large amount of depreciation included in our expenses having taken down four of our buildings, as well as income that was heavily affected by the pandemic. Thank you for your continued commitment to what God is doing in His Kingdom through Via Church.
Members of Via Church, our bylaws provide that you have an opportunity to bring any questions that you may have regarding the financial report (Article IV), we welcome you to review these numbers and any questions can be emailed to info@viachurch.org. One of our Board of Directors' officers will be happy to find a time to discuss any questions you may have either on a Sunday morning or over the phone.
FISCAL YEAR of August 2019-July 2020
Assets
Current Assets……………………………...$626,036
Fixed Assets………………………………….$4,597,078
Total Assets………………………….$5,583,114
Liabilities
Current Liabilities……………………….…$223,243
Long Term Liabilities…………………….$3,315,313
Total Liabilities……………..……...$3,538,556
Total Net Capital…………..……….$2,044,558
Total Liabilities & Net Capital.…$5,583,114
Income
Contributions………………………………..$1,391,809
Ministries and Events……………….…..$21,825
Loss on disposal assets……………....($193,146)
Total Income…………………………$1,220,488
Expenses
Personnel…..………………………………...$750,994
Operations……………………………………$236,924
Facilities…………………………………….…$379,113
Depreciation…………………..…………....$228,884
Departmental Ministries……….…..…$99,914*
Misc…….………………………………….….…$8,928
Total Expenses……..…………...…$1,704,757
Net
Change in Net Assets…………………..($484,269)
Net Assets (beginning of year)..$2,528,827
Net Assets (end of year)………...$2,044,558
*Missions support is in this total
The church’s financial statements have been reviewed by JDS Professional Group (formerly Romek, Sanders and Company, P.C.). The Independent Accountants’ Review Report dated January 11, 2021, states that the CPA firm is not aware of any material modifications that should be made to the financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America.