2024
Bayside Community Church Annual
Financial
Review

Church Financial Operations Summary 2024

This summary provides a clear, high-level overview of Bayside's income, expenses, and financial health. Funds are being received, managed, and used to support ministry efforts, daily operations, and future planning.

Management and Support       $5,550,466
Includes essential administrative functions such as finance, human resources, IT, leadership oversight, project management, and organizational support to ensure smooth day-to-day operations.

Ministry Operations       $21,392,850
Covers the staffing, programming, and expenses associated with running campuses and providing ministry support to our church community.

Missions & Outreach       $3,451,169
Reflects our commitment to giving beyond our walls, including support for local and global ministry partners, nonprofits, and church plants.

Capital Improvements       $1,600,299
Funds used for facility upgrades, major repairs, equipment purchases, and other long-term infrastructure needs.

Debt Reduction      $2,124,793
Funds used to pay down existing debt, helping to strengthen our financial foundation for the future.

Balance Sheet Information Summary

A church balance sheet shows what the church owns (assets), what it owes (liabilities), and its overall financial position at a specific point in time. It provides a clear picture of financial stability and how resources are being managed to support ministry and long-term goals.

Total Liability       $24,151,629

Total Fund Balance       $60,649,591

Total Liabilities and Fund Balance       $84,801,220

Scripture

Deuteronomy 31:8

“The Lord himself goes before you and will be with you; he will never leave you nor forsake you. Do not be afraid; do not be discouraged.”

Scripture

Philippians 4:6-7

"Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus."

Scripture

Psalm 27:1

“The Lord is my light and my salvation; whom shall I fear? The Lord is the stronghold of my life; of whom shall I be afraid?”

Scripture

Isaiah 41:10

"Fear not, for I am with you; be not dismayed, for I am your God; I will strengthen you, I will help you, I will uphold you with my righteous right hand."

Scripture

John 3:17

“For God did not send His Son into the world to condemn the world, but that the world through Him might be saved”

Scripture

Ephesians 1:7

“In Him we have redemption through His blood, the forgiveness of sins, according to the riches of His grace”

Scripture

Psalm 23:4

“Even though I walk through the valley of the shadow of death, I will fear no evil, for you are with me; your rod and your staff, they comfort me.”

Scripture

Psalm 34:18

“The Lord is near to the brokenhearted and saves the crushed in spirit.”

Scripture

Isaiah 1:18

“ ‘Come now, and let us reason together,’ ” says the Lord, ‘Though your sins are like scarlet, they shall be as white as snow; though they are red like crimson, they shall be as wool’ ”

Scripture

Romans 8:1

“There is therefore now no condemnation to those who are in Christ Jesus, who do not walk according to the flesh, but according to the Spirit”

Scripture

Proverbs 3:5-6

“Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.”

Scripture

Jeremiah 29:11

“For I know the plans I have for you, declares the Lord, plans for peace and not for evil, to give you a future and a hope.”

Scripture

Matthew 11:28

“Come to me, all who labor and are heavy laden, and I will give you rest.”

Kingdom Builder

Community       $1,135,058

World       $793,138

Next Generation       $2,670,894

Total       $4,599,091

Church Financial
Operations
Summary 2023

Management and Support       $5,145,807

Ministry Operations       $20,134,992

Missions Expense       $3,322,966

Capital Expenditures       $2,396,317

Debt Retirement       $1,934,938

Revenue       $31,528,692

Balance Sheet
Information
Summary

Total Liability       $25,365,218

Total Fund Balance       $55,410,818

Total Liabilities and Fund Balance       $80,776,036

Total Assets       $80,776,036