USA > Indiana > Annual reports to Indiana Yearly Meeting of Friends : [with,] Annual report of the General Superintendent > Part 2
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Camping seems to be growing, probably for several reasons but certainly among them the tremendous work done by both the permanent camp staff and the individual camp directors and their staffs. Of course, it is hard to find fault with the location and grounds. We do, also, appreciate the work of the Quaker Haven Board in making the camp even more enjoyable and more successfull.
It has been profitable in many ways to hold some cooperative camps with Western Yearly Meeting and we plan to do more of the same.
Dale Lewis has shouldered the weight of the Teen Ambas- sadors program this year and they are going like everything in their desire to serve Christ. There might well be a few middle-agers who could follow the example set by these Young Friends and do a little witnessing of their own for the Master.
Cooperation among committee members has been good, with a good average attendance at every meeting. The work has been interesting, challenging and very rewarding. We have had several new members this year, but the work has gone on very well and we are ready to move into the new Yearly Meeting arrangement, still anxious to serve our Lord and our youth however we can, as God allows it.
Many thanks to each member of the committee for the hours of driving and contributing to the program.
Respectfully submitted by, DONALD E. RUBENDALL, Chairman
11
REPORT OF TREASURER
for Eleven Months, August 1, 1968 to June 30, 1969
MINUTE No. -
Ballance Sheet, June 30, 1969
ASSETS
$ 24,644.54
Cash: Cheching Account
Time Deposits :
General Fund $ 5,000.00
Fund for Youth Director 6,000.00
Ministerial Training-Scholarship Fund 5,179.82
40,000.00
Church Extension, New Areas
1,600.00
Green Plains Monthly Meeting Income
800.00
Disbursing Board-Loaning Fund
6,000.00
Minister's Relief Fund
8,500.00
Supporting Fund
6,000.00
79,079.82
Total Cash
Friends Extension Corporation Certificates for
Church Extension, New Areas
10,000.00
Due from Monthly Meetings:
78.22
balance 1968/69
$113,802.58
Total Assets
LIABILITIES
Church Extension, New Areas $ 56,101.28
Yearly Meeting Trustees-Fund for
1,014.65
Upkeep of Supt. Home
Sesquicentennial Committee for
425.00
future use of Committee
Treasurer's Fund for further research on Endowments
478.86
Fund for Youth Director
6,103.63
Special Loan Fund ( Direction
2,694.62
of Comm. on Recording)
4,897.82
Pastoral and Evangelistic Committee
252.00
North Tenth Street Property Account
240.00
Friends United Meeting Expense
Unused Income from Endowments:
Disbursing Board-Loaning Board $ 6,885.67
Disbursing Board-Ministers' Relief Fund
9,805.68
Disbursing Board-Supporting Fund 7,236.06
Southland Mission Board
for Negro Education 1,213.29
George Sturge Income for
Negro Education
1,718.15
Raysville Cemetery Income
$103,724.36
12
Ministerial Training-Scholarship
Loan Fund
1,579.81
Ministerial Training-Scholarship Fund
5,179.82
Public Morals Committee
178.43
Green Plains Monthly Meeting
1,024.20
Raysville Cemetery
1,709.82
Webster Cemetery
219.50
Book and Tract Committee
267.57
37,018.00
Advance Payments on 1969/70 Assessments:
Five (5) small amounts, total
25.18
Paul A. Wetzel Bequest (for Missions)
500.00
Total Liabilities
Net Worth-General Fund
$109,751.04 $ 4,051.54
GENERAL FUND
(Yearly Meeting Budget Operating Statement) (Eleven Months, August 1, 1968 to June 30, 1969)
CASH RECEIPTS:
From Assessments for Current Year (1968/69) :
Dublin
$ 3,420.00
Fairmount
8,219.40
Marion
7,911.60
New Garden
1,692.90
Penn
421.80
Portland
1,618.80
Spiceland
9,541.80
Traverse City
1,003.20
Van Wert
1,829.70
Wabash
4,833.60
Walnut Ridge
4,417.50
West Branch
3,442.80
Whitewater
10,185.90
Winchester, partial payment
11,680.88 $70,219.88
From Assessments for Prior Year 1967/68:
Dublin, balance due
169.50
West Branch, balance due
261.90
431.40
From Interest on Time Deposits
of General Fund
187.50
From Miscellaneous Refunds
on Prior Year's Accounts
127.06
From Missionary Comm. for Book & Tract
Comm. for page in Indiana Friend
100.00
Total Cash Received
$71,065.84
13
Expended
CASH DISBURSEMENTS:
Book and Tract Committee
$ 2,500.00 $ 2,500.00(1)
Christian Education Committee
2,300.00
2,323.15(1)
Committee on Recording Ministers
1,100.00
1,077.83
Devotional Committee
600.00
737.41
Pastoral and Evangelistic Committee
4,583.00
4,583.00(1)
Executive Committee
15,347.00
15,035.98
Ministry and Counsel
75.00
Missionary Committee
550.00
550.00
Peace and Service Committee
440.00
382.38
Social Order Committee
200.00
169.38
Stewardship Committee
400.00
116.42
Young Friends Committee
3,200.00
3,200.00(1)
Ball State Student Friends Center
2,837.50
2,593.80
Friends United Meeting Assessment
14,132.00
14,132.00
Friends Committee on National Legislation
833.00
800.00
Quaker Haven-Capital Improvement Fund
1,833.00
1,833.00
White's Institute
5,041.00
5,041.00
Expense, Office American Friends
Service Committee
1,375.00
1,375.00
Friends World Committee on Consultation
1,130.00
1,130.00
Friends United Meeting Expense (1970)
500.00
500.00(1)
Permanent Board
100.00
Printing Committee
2,811.00
2,766.48
Yearly Meeting Expense
150.00
150.00
Statistical Secretary
100.00
100.00
Vault Custodian
1,500.00
1,500.00
Treasurer's Expenses-Regular
640.00
578.60
Yearly Meeting Trustees: re: Supt. Home
825.00
825.00(1)
Fund for Youth Director
3,667.00
3,667.00(1)
Sesquicentennial Committee
275.00
275.00(1)
Restructure Committee
1,500.00
1,188.53
Total Budget and/or Other Credits
$71,244.50
Total Expenditures and/or
$69,737.82
Transfers-Budgeted Items
$ 1,328.02
Excess of Receipts over Expenditures
2,645.30
Cash Balance August 1, 1968
Cash Balance
General Fund June 30, 1969
$ 3,973.32
(1) Represents actual expenditures of budgeted items plus amounts trans- ferred or carried forward to next year. Complete statements are shown in spearate schedules.
14
700.00
606.86
Expenses Investment Board of Trustees
Appropria- tion and/or Other Credits
and/or Trans- ferred
ANALYSIS OF GENERAL FUND Eleven Months Ended June 30, 1969
Balance in General Fund August 1, 1968
$ 3,076.70
Deduct: Amount used to apply on 1968/69 Appropriations
846.40
$ 2,230.30
Add: Interest earned on Time Deposits
of General Fund
187.50
Miscellaneous Refunds from Prior Year's Accounts
127.06
$ 2,544.86
Add: Unused portions of 1968/69 Appropriations:
Committee on Recording of Ministers $ 22.17
Executive Committee
311.02
Ministry and Counsel
75.00
Social Order Committee
30.62
Stewardship Committee
283.58
Friends Comm. on National Legislation
33.00
Permanent Board
100.00
Printing Committee
44.52
Yearly Meeting Expense
93.14
Treasurer's Expense
61.40
Peace and Service Committee
57.62
Restructure Committee
311.47
Ball State Center Committee
243.70
1,667.24
$ 4,212.10
Deducts: Overdrafts of Committees: Christian Education Committee
23.15
Devotional Committee
137.41
160.56
Balance in General Fund June 30, 1969
$ 4,051.54
Represented by:
Cash in Checking Account
$ 3,973.32
Due from Monthly Meetings
78.22
Total
$ 4,051.54
15
CONTRIBUTIONS FOR BENEVOLENCES ELEVEN MONTHS ENDED JUNE 30,1969 RECEIPTS: From Quarterly Meetings:
United Bud- get and/or Missions
Missions- Special and/or Partner Projects
Earlham College and/or School of Religion
Kickapoo and other Indian Projects
Other
Dublin
$ 2,452.80
$ 792.50
Fairmount
7,399.26
$ 444.00
$ 296.50
$ 280.00
1,501.33
Marion
7,650.85
76.25
977.00
1,336.14
293.50
New Garden
354.77
91.83
Penn
372.60
Portland
964.79
43.36
Spiceland
8,186.20
100.00
1,400.00
369.30
Traverse City
603.15
39.00
Van Wert
1,087.39
500.00
1,225.00
Wabash
4,902.48
1,150.00
838.10
1,232.29
Walnut Ridge
2,067.40
347.80
317.80
200.34
West Branch
2,050.95
175.00
1,050.00
100.00
1,169.16
Whitewater
15,657.05
205.00
972.00
100.00
1,368.21
Winchester
10,772.23
2,620.71
2,633.17
1,875.80
206.89
From USFW
904.40
120.00
1,784.08
233.80
Endowment Income
3,144.46
1,134.58
Collections
1968 Yearly Meeting
404.43
229.11
Bequests
157.27
Other Sources
53.00
Dayspring Chapel
170.74
TOTALS
$68,570.78
$6,143.19
$8,463.25
$6,943.39
$9,065.16
16
PAID TO:
Friends United Meeting
$68,570.78 $6,143.19
Earlham College
$2,236.17 6,227.08
Earlham School of Religion
Friends Fellowship Committee
$1,365.63
Long Lake Meeting
445.57
White's Institute
757.87
American Frds. Serv. Comm.
1,206.55
Quaker Haven
469.53
Frds. Comm. Natl. Legislation
508.00
Friends World Committee
99.50
Kickapoo Center
$4,958.25 1,985.14
Church Extension-New Areas
325.00
Evangelistic Committee
350.00
Special Loan Fund
2,543.62
Misc. Benevolences
759.89
Christian Education Committee
82.50
Youth Director Fund
76.50
Young Friends Committee
75.00
TOTALS
$68,570.78 $6,143.19 $8,463.25
$6,943.39
$9,065.16
GRAND TOTAL, Received and Paid Out - $99,185.77
17
Other Indian Projects
SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS FOR ELEVEN MONTHS ENDED JUNE 30, 1969
Balance on hand Aug. 1, 1968
Receipts & other credits
Disburse- ments, Transfers, etc.
Balance on hand June 30, 1969
General Fund (Budget)
$ 2,645.30
$ 71,065.84
$ 69,737.82
$ 3,973.32
United Budget and/or Missions
68,570.78
68,570.78
Missions-Specials
2,688.19
2,688.19
Partner Projects
3,455.00
3,455.00
Earlham College-Scholarship Fund
2,236.17
2,236.17
Earlham School of Religion
6,227.08
6,227.08
White's Institute
757.87
757.87
American Friends Service Committee
1,206.55
1,206.55
Friends Fellowship Community, Inc.
1,365.63
1,365.63
Friends Committee on National Legislation
508.00
508.00
Quaker Haven Contributions
469.53
469.53
Friends World Comm. on Consultation
99.50
99.50
Long Lake Building Fund
445.57
445.57
Miscellaneous Benevolences
759.89
759.89
Book and Tract Committee
275.85
2,741.45
2,749.73
267.57
Church Extension, New Areas
58,400.09
8,797.93
11,096.74
56,101.28
Pastoral & Evangelistic Comm.
4,701.00
6,198.83
6,002.01
4,897.82
Friends United Meeting Exp. (1970)
1,000.00
500.00
1,260.00
240.00
Elma Binford Income Account
180.93
180.93
Green Plains Income Account
858.97
165.23
1,024.20
Ioanian & Phoenix Income Account
55.00
55.00
Public Morals Comm. Income Account
158.72
96.10
76.39
178.43
Raysville Cemetery Income Account
1,617.44
192.38
100.00
1,709.82
Southland Mission Bd. Income Acct.
649.82
832.97
269.50
1,213.29
--
18
George Sturge Income Account
2,050.65
1,567.50
1,900.00
1,718.15
Webster Cemetery Income Account
203.00
16.50
219.50
First Friends Meeting, Richmond,
Income Account
27.50
27.50
Friends Publication Income Acct.
172.90
172.90
Muncie Friends Mtg. Income Account
830.50
830.50
Shawnee Mission Income Account
385.00
385.00
Ministerial Train. Income Account
3,026.95
3,026.95
Ministerial Train. - Scholarship Loan Fund
4,233.63
946.18
3,600.00
1,579.81
Ministerial Train. - Scholarship Fund
ยท 4,233.63
946.19
5,179.82
Disbursing Board - Three Funds
22,862.90
11,333.34
10,268.83
23,927.41
Revolving Loan Fund
59.07
59.07
Reserve-Income Earned
1,300.00
1,300.00
Withheld Taxes
472.12
472.12
Trustees - Maintenance Supt. Home
641.86
825.00
452.21
1,014.65
Sesquicentennial Committee
185.00
275.00
350.00
425.00
Treas. - Research on Endowments
478.86
478.86
Quarterly Mtg. - Advance Payments
153.25
25.18
153.25
25.18
Fund for Youth Director
6,000.00
3,749.50
3,645.87
6,103.63
Special Loan Fund - Comm. on Recording ..
151.00
2,543.62
2,694.62
North Tenth St. Property Account
45.00
207.00
252.00
Kickapoo & Other Indian Projects
6,943.39
6,943.39
Paul A. Wetzel Bequest
500.00
500.00
TOTALS
$111,545.97 $215,768.86
$213,590.47
$113,724.36
19
BOARDS AND COMMITTEES ACCOUNTS For Eleven Months Ended June 30, 1969
BOOK AND TRACT COMMITTEE
Balance on Hand, August 1, 1968
$ 275.85
Appropriations for 1968/69
2,400.00
Tranfer from Missionary Committee for page in "Indiana Friend"
100.00
Income from Book Endowment Fund
241.45
Total
$ 3,017.30
Expenses:
Printing "Indiiana Friend" $ 1,937.37
Mailing "Indiana Friend" 250.11
Printing 1968 Quaker Lecture 193.00
Printing "Introduction to Quakers" 347.65
Mileage, etc. Committee Members
21.60
Total Expenses
Balance on Hand, June 30, 1969
2,749.73 $ 267.57
CHRISTIAN EDUCATION COMMITTEE
Appropriation
76.50
Total
$ 2,376.50
Expenses:
Cost of 1968 Junior Yearly Meeting $ 240.82
Junior Camp Supplies
104.88
Cost of 1969 Junior Camp ( Advanced to Committee)
895.12*
Expenses of Committee Members, mileage, postage, telephone, etc.
500.06
Advanced for 1969 Junior Yearly Meeting Supplies, etc.
359.18
Cost of "Quakerism" Packets Secretarial Help
59.70
2,399.65
Overdraft charged to General Fund
$
23.15
* Any unused portion to be refunded after close of camp season.
COMMITTEE ON RECORDING MINISTERS Appropriation Expenses :
Expenses of Committee Members, mileage, etc.
$
277.83
Payment to Tri-Yearly Meeting Coordinating Committee on Training 800.00 1,077.83
$ 22.17
Unused, credited back to General Fund
DEVOTIONAL COMMITTEE
Appropriation $ 600.00
Expenses :
Devotional Speaker 1969 Sessions $ 300.00
Quaker Lecturer 1969 Sessions 100.00
Board, room and travel for 1969 Lecturer 295.00
Mileage, etc. for Committee Members 42.41 737.41
Overdraft, charged to General Fund
$ 137.41
$ 2,300.00
Contributions received
239.89
$ 1,100.00
20
MISSIONARY COMMITTEE Appropriation Expenses :
$
550.00
Book and Tract Committee for page in "Indiana Friend" $ 100.00
Speaker for Yearly Meeting Session 1969 85.00
Mileage for Committee Members 33.28
Balance of Appropriation given to Kicka- poo Center to apply on Building Project 331.72
550.00
PEACE AND SERVICE COMMITTEE Appropriation
$ 440.00
Expenses:
One-third cost of Christian Social
Concerns Handbooks $ 18.38
Yearly Meeting Speaker
35.00
Expense of Earlham Conference and
Literature
10.00
Conference on Draft Counselling
135.00
Mileage, etc. of Committee Members
120.00
Poverty Conference
64.00
382.38
Unused, credited back to General Fund
$ 57.62
SOCIAL ORDER COMMITTEE Appropriation Expenses:
$ 200.00
Speaker Yearly Meeting 1968 $ 10.00
Poverty Conference
64.00
Mileage, etc. of Committee Members
60.38
Contribution to Townsend Community Center, Richmond
35.00
169.38
Unused, credited back to General Fund
$ 30.62
STEWARDSHIP COMMITTEE
Appropriation
$ 400.00
Expenses:
Literature $ 26.50
Expenses of Committee Members, mileage, etc.
89.92 116.42
Unused, credited back to General Fund
$ 283.58
YOUNG FRIENDS COMMITTEE
Appropriation
$ 3,200.00
Contributions received for Committee
75.00
Total
$ 3,275.00
Expenses:
Printing and Films $ 498.52
Advances to Committee for Expenses of 1969 Camps, any unused portion to be refunded after close of Camp Season 2,187.96
Expenses of Committee Members, mileage, meals, telephone, etc. 588.52
$ 3,275.00
21
FUND FOR YOUTH DIRECTOR
Appropriation 1966/67
$ 2,000.00
Appropriation 1967/68
4,000.00
Appropriation 1968/69, 11 months
3,667.00
Contributions received
82.50
Total
$ 9,749.50
Expenses:
Salary of Director, 91/2 months $ 3,040.00
Mileage
213.68
Stationary and Supplies 87.19
Part Moving Expenses 200.00
Registration and Bus Fare Wheaton Conference 105.00 3,645.87
Balance carried forward to next year
$ 6,103.63
BALL STATE STUDENT FRIENDS CENTER
Appropriation
$ 2,837.50
Expenses :
House Expenses, utilities, etc. $ 950.00
Part of Director's Salary 687.50
Scholarships 475.00
475.00
Programs
Expenses of Committee Members, mileage, etc.
6.30
2,593.80
Unused, credited back to General Fund
$
243.70
PRINTING COMMITTEE
Appropriation
$ 2,811.00
Expenses:
Printing 1968 Committee Reports $ 56.00
Printing 1968 Yearly Meeting Minutes 2,525.02
Editing 1968 Minutes
161.62
Expenses of Committee Members, mileage, etc.
23.84
2,766.48
Unused, credited back to General Fund
$ 44.52
YEARLY MEETING EXPENSES
$ 700.00
Expenses :
Paid to Earlham College, for use of facilities
606.86
Unused, credited back to General Fund
$ 93.14
EXECUTIVE COMMITTEE
$15,347.00
Appropriation
Expenses :
Salary of Superintendent, 11 months $ 6,600.00 Travel Allowance of Superintendent, 11 months 2,200.00
Utilities, etc. for Superintendent's Home
900.00
22
Appropriation
Social Security and Hospital Insurance for Superintendent
556.66
Salary of Office Secretary 1,283.50
Office allowance for Stationary, Postage, etc. 1,350.00
Program Development
277.84
Indiana Council of Churches
850.00
Contribution to Inter-Church Center
100.00
Contribution to Inter-Church Committee on Human Equality 287.00
Expenses of Committee Members, mileage, meals, telephone, etc. 630.98
Total Expenses
Unused, credited back to General Fund
$15,035.98 $ 311.02
PASTORIAL & EVANGELISTIC COMMITTEE
Balance on Hand, August 1, 1968
Appropriation for 1968/69
$ 4,701.00 4,583.00
Income from Endowments:
Church Extension Endowment $ 44.00
Lydia Dennis Endowment
27.50
Ministers' Endowment Fund
895.68
Anna M. Underhill Endowment
23.65
One-half Francis Peacock Endowment
275.00
1,265.83
Contribution from West Branch
Quarterly Meeting
150.00
Contribution from Winchester Crusade
200.00
350.00
Total
$10,899.83
Expenses:
Contributions to:
Economy Meeting for Pastoral Support .. $ 169.50
Raysville for Pastorial Support
960.00
Keystone Meeting for repairs and improvements
1,576.02
2,705.52
Quaker Haven Pulpit Supply
31,50
Conference on Christian Ministry
27.00
Cost of Ministers' Retreat at Yokefellow Institute
479.00
Cost of Ministers' Wives Retreat
300.00
Cost of Short Course at Quaker Haven
1,290.35
Literature and Supplies
82.12
Expenses of Committee Members, mileage, meals, etc.
509.62
Registration & Expenses to Congress on Evangelism
576.90
3,296.49
Total Expenses
$ 6,002.01
Balance carried forward to next year
$ 4,897.82
23
EXPENSES OF INVESTMENT BOARD OF TRUSTEES
Appropriation
$ 1,500.00
Expenses:
Fiscal Agent's Fee, approximately 5% of Income earned on Endowments $ 1,297.76*
One-third cost of Printing Treasurer's Report for 1967/68 42.00
Expenses of Board Members, mileage, telephone, etc.
70.24
Cost of Audit
90.00
$ 1,500.00
* A balance of $267.43 is still owing this fee.
TREASURER'S EXPENSES
Appropriation
$ 640.00
Expenses:
Two-thirds cost of printing Treasurer's Report for 1967/68 $ 84.00
Secretarial Assistance 32.00
Audit of 1967/68 Accounts
110.00
Premium on Treasurer's Bond
13.00
Safe Deposit Box Rent
8.50
Stationery, Postage and Supplies
282.34
Telephone Tolls
3.00
578.00
Unused, credited back to General Fund
$ 61.40
YEARLY MEETING TRUSTEES FOR MAINTENANCE OF SUPERINTENDENT'S HOME
$ 641.86
Balance August 1, 1968
825.00
Appropriation for 1968/69
$ 1,466.86
Expenses:
New Garbage Disposal $ 81.90
Credenza & File Unit for
Superintendent's Office
282.89
Freight on above
21.07
Shelving
50.67
Repair Lawn Mower
15.68
452.21
Balance carried forward to next year
$ 1,014.65
PUBLIC MORALS COMMITTEE
Balance on Hand, August 1, 1968
$ 158.72
Income from Temperance Endowment
66.00
Income from sale of Pari-Mutual Pamphlets
30.10
Total
$ 254.82
Expenses:
Speaker 1968 Yearly Meeting Session $ 10.00
64.00
Poverty Conference
2.39
76.39
Literature
Balance on Hand, June 30, 1969
45.76
Non-Profit Corporation Fee
$ 178.43
24
CHURCH EXTENSION, NEW AREAS
Balance, August 1, 1968
$58,400.09
Interest on Time Deposits
2,025.00
Interest on Friends Extension Corporation Certificates
500.00
Income from Endowments:
One-half of Baldwin-Morrow
$ 5,209.90
One-half of Karl E. Elliott
463.03
New Holland Meeting
275.00
5,947.93
Contributions from:
Anderson Meeting
150.00
Dayspring Chapel
100.00
Wabash Meeting
75.00
325.00
Total
$67,198.02
Expenses :
Salary of Director
$ 5,413.34
Rental Allowance for Director
1,350.00
Mileage for Director and Meals
617.93
Telephone for Director
91.74
Hospitalization Insurance for Director
306.66
Social Security for Director
200.00
Conference Expense for Director
99.81
Postage, Supplies, etc.
129.00
Banquet and other expenses for Fellowship Group
84.36
Rent of Isanogle Center for Dayspring Group
980.00
Piano and Chairs for Dayspring Group
1,623.90
Salary of Assistant
200.00
11,096.74
Balance, June 30, 1969
$56,101.28
Represented by:
Portion of Checking Account
$ 6,101.28
Time Deposits
40,000.00
Friends Extension Corporation Certificates
10,000.00
$56,101.28
SPECIAL LOAN FUND
Under Direction of Committee on Recording
Balance on Hand, August 1, 1968 ( all from West Branch Quarterly Meeting) Receipts:
$ 151.00
From Wabash Quarterly Meeting $ 107.29
Cadiz Meeting
4.30
Bethel Meeting
360.00
West Branch Quarterly Meeting
252.57
Amboy Meeting
500.00
Whitewater Quarterly Meeting
119.46
Van Wert Quarterly Meeting ( for Van Wert Students)
1,200.00
2,543.62
Balance on Hand, June 30, 1969
$ 2,694.62
25
INCOME FROM ENDOWMENTS
Received from Fiscal Agent of Investment Board as per Investment Board's Report Interest on Time Deposits Royalties from Lillian Baldwin Estate
$28,949.35
453.50
210.14
Total
$29,612.99
Distributed to various Endowments, 51/2 % of
Principal of Endowments as per itemized list on file with Investment Board's Report $28,312.99
Distributed to "Reserve," approximately
2 1/2 % on Average Reserve 1,300.00 $29,612.99
FUNDS FOR NEGRO EDUCATION SOUTHLAND MISSION BOARD INCOME ACCOUNT
Balance on Hand, August 1, 1969 Income from Endowments:
$ 649.82
James Pond & Julia Boyce $ 55.00
Elkanah & Irene Beard
27.50
Edward & Mary Bellis
165.00
One-half of Amos & Hannah Bond
42.62
Cynthia Cowgill
51.15
Mission Board Endowment
491.70
832.97
Total
$ 1,482.79
Less: Assistance paid for one student
269.50
Balance on Hand, June 30, 1969
$ 1,213.29
GEORGE STURGE INCOME ACCOUNT
Balance on Hand, August 1, 1968
$ 2,050.65
Income from George Sturge Endowment
1,567.50
Total
$ 3,618.15
Less: Assistance paid for four students
1,900.00
Balance on Hand, June 30, 1969
$ 1,718.15
GREEN PLAINS MONTHLY MEETING INCOME ACCOUNT
Balance on Hand, August 1, 1968
$ 858.97
Add: Income from Endowment Interest on Time Deposit
36.25
* Balance on Hand, June 30, 1969
$ 1,024.20
#800.00 of this amount is in a Time Deposit
RAYSVILLE CEMETERY INCOME REPORT
$ 1,617.44
Balance on Hand, August 1, 1968
144.38
Add: Income from Endowment Interest on Time Deposit
48.00
Total
$ 1,809.82
Distributed to Raysville Meeting, as requested
100.00
*Balance on Hand, June 30, 1969
$ 1,709.82
#$1,600.00 of this amount is in a Time Deposit
26
128.98
MINISTERIAL TRAINING INCOME ACCOUNT
Balance on Hand, August 1, 1968: Scholarship Loan Fund $ 4,233.63
Scholarship Fund
4,233.63
$ 8,467.26
Add: One-fourth income from Baldwin-
Morrow Endowment
2,604.95
One-fourth income from Karl E. Elliott Endowment
231.51
Interest on Time Deposit
190.49
3,026.95
Total
$11,494.21
Paid to Earlham School of Religion, 40% of Income earned by Endowments during past year
$ 1,134.58
Paid to Fort Wayne Bible College for assistance to three students 1,500.00
Paid to Friends Bible College for assistance to two students 1,200.00
Paid to Marion College for assistance to two students
900.00
4,734.58
Balance on Hand, June 30, 1969:
Scholarship Loan Fund
$ 1,579.81
*Scholarship Fund
5,179.82
$ 6,759.63
*$5,179.82 of this amount is in a Time Deposit
FUNDS UNDER DIRECTION OF DISBURSING BOARD LOANING FUND
Balance on Hand, August 1, 1968
$ 6,526.52
Returned by Executor Naomi Kelsey Estate a/c N. Kelsey deceased 12-18-67
111.53
Interest on Time Deposits
187.50
Income from Endowments:
Eli & Mahala Jay Memorial Fund 71.50
Elma Binford Endowment
624.13
Marianna Newby Memorial Fund
55.00
Ketura Jay Endowment
90.75
Amasa & Mary Jenkins Memorial Fund 275.00
Francis Peacock Endowment
313.18
Nettie Perkins Memorial Endowment
19.25
Elizabeth Reynoldds Endowment
62.70
Women's Home Improvement Endowment
1,100.00
Eva Wright Memorial Endowment
112.44
2,723.95
Total
$ 9,549.50
Disbursements:
Expense Hancel Benedict Abstract- Property for sale 73.83
Assistance to six individuals
2,590.00
2,663.83
* Balance on Hand, June 30, 1969
$ 6,885.67
*$6,000.00 of this amount is in a Time Deposit
27
MINISTERS' RELIEF FUND
Balance on Hand, August 1, 1968
Interest on Time Deposits
Income from Endowments:
Sarah Dennis Blackburn
$ 27.50
Elijah & Naomi Coffin
1,334.96
Aaron Gardner
55.00
George & Emma Hartley
246.59
Ida McCoy
110.00
William & Ida Meredith
27.50
Winifred H. Mulligan
27.50
Lillian Hayes Peters
17.88
Alice Unthank
11.00
Clarence Langston
5.86
Edward & Evelyn Elliott
15.13
One-fourth Baldwin-Morrow
2,604.95
One-fourth Karl E. Elliott
231.51
Mary Dicks
24.57
West Milton
2.75
4,742.70
Total
$14,625.68
Disbursements:
Assistance paid directly to 7 individuals $ 3,395.00
Assistance paid to Friends Fellowship Community for benefit of 3 individuals . 1,425.00 4,820.00
$ 9,805.68
*Balance on Hand, June 30, 1968
* $8,500.00 of this amount is in a Time Deposit
SUPPORTING FUND
Balance on Hand, August 1, 1968
187.50
Income from Endowments: Martha Elleman
$ 153.91
Women's Supporting Fund
2,970.00
3,123.91
Total
$10,021.06
Disbursements: Assistance to six individuals
2,785.00
*Balance on Hand, June 30, 1969
$ 7,236.06
*$6,000.00 of this amount is in a Time Deposit
28
$ 9,626.73 256.25
$ 6,709.65
Interest on Time Deposits
CONDENSED REPORT OF INVESTMENT BOARD ENDOWMENT FUND - PRINCIPAL
Endowments: Principal Balance, August 1, 1968 Additions:
$514,621.62
Deposit by Green Plain Monthly Meeting
to add to its Fund
$ 110.00
Contribution from West Milton Meeting for Ministers' Relief Fund
50.00
160.00
Principal of Endowments, June 30, 1969
$514,781.62
Reserve: Principal Balance, August 1, 1968
$47,178.29
Additions:
Transferred from Income, 5% of Gross
1,449.95
Income earned by Reserve, approximately 2 1/2 %
1,300.00
Profit on sale of 200 shares
Associates Investment Co.
1,662.61
Profit on sale of 200 shares Portland Cement Co.
2,419.52
Profit on sale of 200 shares CIT Corp.
4,415.85
Profit on sales of U.S. Treas. Notes
4.68
Reserve Balance June 30, 1969
$ 58,430.90
INCOME RECEIVED:
(11 months) 1968/69
1967/68
1966/67
From Interest on Mortgage Loans
$ 9,777.64
$12,250.04
$13,833.82
From Interest on U.S. Securities
1,642.90
4,705.16
6,853.30
From Interest on Bonds of Federal Agencies
5,912.51
3,369.46
2,385.41
From Interest on Corporate Bonds
3,840.00
2,905.87
44.17)
From Dividends on Stocks
8,269.19
8,104.87
7,020.64
From Interest on Time Deposits
553.50
575.43
441.25
From Interest on Friends
Extension Corp. Cert.
250.00
65.63
From Royalties on Lillian Baldwin Estate
210.14
589.00
830.55
Totals
$30,455.88
$32,565.46
$31,320.80
Balance on hand at beginning of year
1,168.41
965.05
230.51
Totals
$31,624.29
$33,530.51
$31,551.31
Transferred to Reserve,
5% of Gross Income
$ 1,449.95
$ 1,618.11
$ 1,529.31
Income earned by Reserve
1,300.00
2,439.80
2,039.31*
Distributed to Endowment Income Accounts - 51/2 %
28,312.99
28,304.19
27,017.64*
Totals
$31,062.94
$32,362.10
$30,586.26
Balance on hand at close of year $ 561.35
$ 1,168.41
$ 965.05
Percentage earned on cost of Investments
5.85%
5.83%
5.65%
Expenses of Investment Board - paid from Yearly Meeting Budget
$ 1,500.00 ** $ 1,437.55
$ 1,399.60
*Only 51/4 % on 1966/67
** Still owe $267.433 on 1968/69
29
ASSETS, JUNE 30, 1969 ( Market Values shown are as of June 30, 1969)
Mortgage Loans
Cost $168,432.47
Market Value $168,432.47
U.S. Government Bonds and Notes
42,985.02
41,951.25
Bonds of Federal Agencies
126,399.48
121,205.00
Corporate Bonds
79,568.75
69,225.00
Common Stocks
133,458.48
162,146.38
Preferred Stocks
10,619.44
8.225.00
Friends Extension Corporation Certificates
5,000.00
5,000.00
Certificate of Deposit
2,500.00
2,500.00
Uninvested Cash
4,248.88
4,248.88
Totals
$573,212.52
$582,933.98
LIABILITIES
Endowment Funds:
Under Disbursing Board (28)
$189,266.14
For Missions (10)
57,171.98
For Evangelistic Committee and Church Extension (8)
131,159.17
For Ministerial Training (2)
51,572.10
For Education of Negroes (7)
43,645.00
For Book and Tract Committee (1)
4,390.00
For Publication Board (1)
3,143.58
For Shawnee Mission (1)
7,000.00
For Muncie Friends Meeting (1)
15,100.00
For Other Purposes, ten, all for different persons, and/or organizations
12,333.65
Total of Endowments
58,430.90
Reserve for Contingencies
$573,212.52
Total
REVOLVING LOAN FUND
Balance in Fund, August 1, 1968 Additions:
$ 19,953.42
Interest on Loans to Meetings
530.62
Interest on Time Deposits
31,25
Received from Yearly Meeting - Income from Beard and Marshall Endowments for one year
59.07
Balance in Fund, June 30, 1969
$ 20,574.36
Loans to Meetings (5)
1,300.00
Certificates of Deposit
81.89
Uninvested Cash
$ 20,574.36
30
$ 19,192.47
$514,781.62
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