Dear Friends,

In my first year as pastor of St. Therese, I was pleased to meet many parishioners. Some parishioners have seen the great growth of the parish since the days of the N. Main St. location and others are fairly new to the area. Projections are that the parish will continue to grow. In my first year, I was very impressed with the great number of volunteers and the great sense of charity and outreach. Our parish is making a positive contribution to the local community and beyond.

This parish report provides some statistics and numbers across a number of categories. It is an acknowledgment of our blessings and our responsibilities. In Stewardship, we begin by recognizing that all is a gift from God. In Grace, we may make a return to the Lord. Many thanks for your gracious cooperation and participation.

Yours in Christ,

Fr. Mark S. Lawlor Pastor

State of the Parish Report

July 2017 through June 2018

Sacramental Ministry Number

Sacraments of Initiation:

Baptism 141

First Reconciliation/ First Communion

187

Confirmation 153

RCIA and Adult Confirmation 17

RCIC 30

Matrimony 7

Inside this report:

Pastoral Council Update Page 2

Stewardship Update Page 3

Finance Council Update Pages 4 & 5

Buildings & Facilities Update Page 5

Report to Parishioners as of June 30, 2018

Page 6

• Achieved vibrant growth in 2017-2018 - 402 new families registered!

• St. Therese is now the 3rd largest of the 92 parishes and missions in the Diocese!

Celebrating the 30th Anniversary of the Dedication of the Church on Brawley School Road - January 1988 - January 2018

Fr. Mark Lawlor, Pastor Installation Mass August 31, 2017

Community Thanksgiving Meal November 23, 2017

Pastoral Council Update Page 2

Update on Pastoral Plan We have many opportunities to strengthen our faith and fellowship within the church. The members of the Pastoral Council have been meeting with parishioners to discuss our needs and our next steps. In the past, St. Therese has used the Pastoral Plan to gain financing from the diocese. This time, we are using the Pastoral Plan to set a strategic direction for where the parishioners want to lead the church in the next 3 to 5 years.

Our Vision Spiritual Growth Our vision for spiritual growth is: to provide an environment for our parishioners to pray, worship and celebrate our relationship with God in ways that enhance the spiritual growth in our diverse community; to foster the faith formation of parishioners in all stages of life as we journey to reach our full potential; and to inspire all parishioners to share their unique God-given gifts. Youth and Young Adults The future of our parish is with the youth and young adults. It is important that we are developing programs that will inspire them to stay active in the church. We are working to identify opportunities for youth to participate in all ministries. In addition to Faith Formation classes, we need to develop spaces for our youth to hang out, play sports, study, play games, watch movies, and just be kids. Young adults (ages 18 to 35) are often the most forgotten members of the church. The sacrament of Confirmation is normally followed by the sacrament of Matrimony or Holy Orders. That is a huge gap and where we often lose members. Our desire is to offer programs and activities that will attract, engage, and give young adults a reason to be at St. Therese. Building & Facilities We have begun a process of updating our campus. It is important that we invest in the maintenance of our campus. Plans are being developed to evaluate the growing needs of our ministries and the facilities that are needed to support them. Please refer to the Buildings & Facilities update on page 5 for more details.

Message from the Pastoral Council Chair On behalf of the Pastoral Council, I would like to thank you for your commitment to the parish of St. Therese. It is you, the parishioners, who make our church a warm, caring, and loving community. Without your devotion to the parish, we would not be who we are today. By opening up our hearts to this way of thinking, we will continue to grow in spirituality as well as love for God, our parish, and community.

We have just completed our first year as a diocesan parish, after 43 years as a Jesuit parish. Our Pastor, Father Mark Lawlor, has led by example. The transition from a Jesuit parish to a diocesan parish has taken steady leadership, communication, time, and the ability to understand the needs of individuals as well as groups of people. This last year has brought new energy and life into our parish!

St. Therese has been blessed with parishioners who, when called upon, give generously of their time, their talent, and their treasure. We continue to increase the number of registered parishioners and at the same time we are seeing you invest your time and talent in our

ministries, programs, and activities. Our vibrant parish has over 76 ministries that serve our parishioners as well as the local community with spiritual, social, and charitable activities. With so many opportunities available, it is very important for you to discern where to invest your time, talent, and treasure.

The success of our parish can be measured by the engagement of you, the parishioners. Through your participation in our many different ministries, and your excitement to create new opportunities, we can bring our community together to Love God, Follow Jesus and Serve All by doing ordinary things with great love.

This upcoming year will be exciting. Please remember that you are the parish and we welcome your thoughts, input, and involvement, as we collaboratively create an environment where we can grow closer in our faith in God, to better serve each other and our community. Thank you very much for your tremendous support and love of the parish of St. Therese.

Tracy Neumann

Our Mission The parish of St. Therese, rooted in Ignatian Spirituality, strives to Love God,

Follow Jesus and Serve All by doing ordinary things with great love.

Stewardship Update Page 3

Message from the Stewardship Committee Chair St. Therese is a “stewardship parish.” What does that mean? It means we are a community that realizes and appreciates that God has bestowed upon us many wonderful gifts, and it is with these gifts that we build His kingdom here in the Lake Norman area. In our culture, when you receive a gift, you give thanks for the gift and then you use it. We do this every day at St. Therese. We give thanks to God through prayer and worship, we use our talents in service to others, and we share our gift of treasure with those who need it more than we do. God gives us each different gifts, and we are therefore able to do different things with them. For those who are unsure of what their “God-given gifts” or talents are, we offer the Living Your Strengths workshops (for adults in both English and Spanish) and StrengthsQuest workshop (for teens) throughout the year. For those who know in their hearts what God is calling them to do in our community, we have 76 different ministries and organizations in which to get involved. We also see the opportunities to grow in our community – to grow in faith, to grow in understanding of others, and to grow our facilities. To enable all this growth, we share our treasure with our community through the offertory, through second collections, and various fundraisers that advance the mission of our parish – to Love God, Follow Jesus, and Serve All.

Kerry Ann Tornesello

Stewardship of Time and Talent by the Numbers

We also recognize the many parishioners who give their time and talent to organizations outside the parish.

COMMISSION

NUMBER OF MINISTRIES

NUMBER OF VOLUNTEERS/PARTICIPANTS

Buildings & Facilities 2 5

Community Outreach 8 118

Ecumenism 1 1

Education 16 249

Evangelization and Communications

1 11

Liturgy 25 791

Parish Life 16 430

Other (Finance/Pastoral Council/Stewardship/Sponsor Couples/Counters/Parish Office Volunteers/Tithe Committee)

7

66

TOTAL 76 1,671*

*Of the 1,158 parishioners participating in ministries and activities at St. Therese, 513 are involved in more than one ministry.

Volunteers and Participants in Ministries and Commissions

Finance Council Update Page 4

Message from the Finance Council It has been an exciting year filled with achievement, celebration and dream building for the future of the parish of St. Therese. The Finance Council, Priests, Staff and community would like to thank you for your continued generosity. It is through this generosity, that the many programs and ministries that we undertake as a parish are able to grow and flourish. These ministries serve both our parish and the wider community. None of this would be possible without you. You have made the difference and for that we are very thankful. Our total operating revenue of $1,979,767 was 8% higher than last year while our operating expenses were $1,665,994 resulting in an operating surplus of $313,773. Beyond these revenues, your continued generosity was shown through increased participation in the Diocesan Support Appeal, Priest Retirement Fund and many other second collections during the year. Besides the outreach provided by our many ministries, St. Therese was able to provide financial support through our tithing to help our local community. Your generosity has placed St. Therese in a strong financial position. We have been able to maintain our day-to-day operations, significantly (and ahead of schedule!) reduce our construction debt, and also make necessary capital expenditures which support our Buildings & Facilities Commission for maintenance on our growing campus. We hope that the following pages help you to realize how critical your participation is and how you are an integral part of God’s plan through St. Therese to minister to others. May God’s grace continue to be showered upon you as a blessing for all that you do for the least of our brothers. Thank you for all that you do in His name.

Finance Council Members: Rick Fabrize (Chair), Philipp Bischoff, Janet Manzullo, Julianne McConaghey, Stacey Polito, Ed Tornesello

*Not included in Operating Expenses above

Other contributions include: thousands of dollars donated toward education, ministries, mission activities, etc.; Christmas Giving Tree; Rummage Sale; Food Pantry donations; Prison Ministry; Thanksgiving/Christmas/Easter Meals; Funeral Meals and much more

Finance Council Update, continued… Page 5

Highlights: • Total Revenue $2,221,138 above Plan of $1,896,730 or .2% above Prior Year • Total Expense $1,719,040 below Plan of $1,805,895. Driven primarily by conservative spending and budgetary focus. • Net Income $502,098 above plan of $90,835 for 2017-18 • Months of Operating Reserve have increased to 2.5 in June 2018 • Exceeded yearly offertory budget for the first time in many years • New Sanctuary (already 3 years old) will be paid off by 12/31/18, a full 7 years ahead of schedule!

• Achieved through donations to the capital campaign, Debt Reduction collection envelopes, and Forward in Faith, Hope and Love (FFHL) Diocesan wide campaign matching proceeds

• Purchased three adjoining properties on Sunfish Dr. and upgraded them to rental properties to offset debt expense

Opportunities: • Parking lot egress onto Sunfish Dr. (needed for

NCDOT Brawley School Rd. widening plan) • Parking lot expansion (currently capped at 500

spaces) • Expanded play ground • Sports fields • Pavilion/Picnic area • Repurpose rectory as Youth Program Building • Repurpose one of the houses on Sunfish Dr. as

rectory (once debt is paid off)

Capital Improvements 2017-2018: Capital Improvements completed include the following: painted upper level of Parish Life Center; extended WIFI coverage across campus; replaced mixer in Day Chapel and Multi-Purpose Room; refreshed landscaping; replaced exhaust fans/ductwork in Administration Building (Admin Bldg); installed digital signs at street; installed exterior lights along Admin Bldg walkway; and installed new ceiling tiles and LED lights in the Family Room, the Day Chapel Narthex and in Admin Rooms 14/15/16/17.

2017-18 $67K

Capital Improvements 5 Year Plan:

2018-19 $241K 2019-20 $170K 2020-21 $187K 2021-22 $ 30K 2022-23 $152K

These funds are not part of our standard operating expenses but are used to cover major improvements and long term maintenance of the campus. They include but are not limited to:

Repair: parking lot, painting, stained glass windows, Replacement: HVAC units, kitchen appliances, lighting, carpet, PLC shingled roof w/metal, bell carillon Improvements: keyless access control, phone and sound systems, building retrofit, new structures

Buildings & Facilities Update

Looking at the Future for St. Therese: • Update the Parish Plan • Develop an overall campus plan encompassing

all our properties • Re-purpose existing properties and develop new

properties based on Parish needs • Continue to maintain/upgrade existing buildings

to maximize usage

Risks: • Aging facilities continue their need for maintenance and

refurbishment: Day Chapel and offices built: 1986 Rectory built: 1987 Parish Life Center (PLC) and Classrooms built: 2002 Parking lot paved: 2002; Partial expansion: 2014 New Sanctuary built: 2015 (already 3 years old!) 20 Total HVAC units + 1 water chiller (Ages range from 3 to

32 years old!) • Limited space to accommodate our growth (parking, classrooms,

meeting space, activity space, etc.)

St. Therese property consists of: 32.7 acres of land; 3 houses - 11,742 sq feet; rectory - 3,104 sq feet; Church - 20,270 sq feet; Administration Building - 14,000 sq feet; Parish Life Center - 25,330 sq feet (total enclosed sq footage 74,446)

This 5 year plan is for maintenance of our current facilities and buildings and does not include enhancements to the Sunfish properties.

St. Therese Catholic Church Report to Parishioners: June 2018

2017/18 2017/18 2018/19 PARISH STATEMENT OF ACTIVITIES & CASH FLOWS Actual Budget Budget

Operating Revenue Offertory 1,599,402 1,575,000 1,690,000

Unrestricted Donations & Other Support 109,104 66,550 73,900

Fundraising Income 35,936 14,175 (4,100)

Religious Formation Fees 72,110 75,500 74,000

Day Care/Preschool Tuition and Fees 135,606 133,355 139,310

Other Fees and Misc Income 27,609 17,150 79,724

Total Operating Revenue 1,979,767 1,881,730 2,052,834

Operating Expenses Ministry & Liturgy 295,495 295,987 326,928

Religious Formation 267,436 291,891 313,783

Charity/Outreach 40,045 38,000 40,000

School Subsidy 31,662 34,810 48,055

Preschool Program Expenses 126,202 125,938 136,725

Other Parish Program Expenses 7,872 19,160 29,870

Facilities Expenses 351,034 398,864 459,192

Diocesan Assessments 194,830 206,484 210,638

General & Administrative Expenses 351,418 376,688 416,602

Total Operating Revenue 1,665,994 1,787,822 1,981,793

Net Operating Activity 313,773 93,908 71,041

Capital Activity

Debt Reduction Receipts 140,021 33,000

Forward in Faith, Hope, and Love Campaign Revenue 18,903 15,000 10,000

Expenditure of Restricted Donations, Capitalized (Net) 24,082

Interest Expense (28,964) (18,073) (42,563)

Net Capital Activity, excluding debt principal pmts 154,042 (3,073) 437

Endowment Earnings, Net of Income Spent 8,365

Restricted Donations (other than Capital) Received 50,000

Expended 24,082

Net Restricted Activity (other than capital) 25,918

Total Surplus (Deficit) Before Depreciation 502,098 90,835 71,478

Depreciation Expense 34,270 Total Surplus (Deficit) After Depreciation 467,828 90,835 71,478

Other Sources and Uses of Cash: Depreciation Expense 34,270

(Increase)Decrease - Equipment/Facilities (1,272,150) (Increase)Decrease - Endowment Accounts (8,365) Increase(Decrease) - Debt Principal 566,233 Increase/Decrease - Current Assets and Liabilities (22,017) Increase(Decrease) - Custodial Obligations & Unearned Income (6,466) (Increase)Decrease - Savings/Reserve Balances 208,419 Total increase(decrease) in Checking Accounts (32,248)

Beginning of End of PARISH STATEMENT OF FINANCIAL POSITION Fiscal Year Fiscal Year

Assets July 1, 2017 June 30, 2018

Checking Account Balances - Operating/Other 357,720 325,472 Savings Accounts - Operating Reserves 450,590 242,171 Endowment Accounts 123,521 131,886 Receivables and other Current Assets 5,805 9,831 Property, Plant and Equipment 14,055,258 15,293,138

Total Assets 14,992,894 16,002,498

Liabilities and Net Assets Liabilities Accounts Payable and Accrued Expenses 63,817 45,826

Custodial Obligations 29,612 20,347

Note Payable 458,034 1,024,267 Other Liabilities 31,011 33,810

Total Liabilities 582,474 1,124,250

Net Assets 14,410,420 14,878,248

Total Liabilities and Net Assets 14,992,894 16,002,498