{"id":8002,"date":"2011-08-02T03:13:25","date_gmt":"2011-08-02T11:13:25","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=8002"},"modified":"2011-08-02T07:53:40","modified_gmt":"2011-08-02T15:53:40","slug":"cogwa-reports-on-its-finances","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/cog-news\/cogwa-reports-on-its-finances\/","title":{"rendered":"COGWA Reports on Its Finances"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"\/bible.gif\" alt=\"\" width=\"200\" height=\"283\" \/><\/p>\n<p><a href=\"\/cogwriter.htm\">COGwriter<\/a><\/p>\n<p><a href=\"\/cogwa.htm\">COGWA<\/a> supporter Michael Hanisko posted:<\/p>\n<blockquote><p>Several members have asked recently how COGWA is doing financially. I  thought you would appreciate reading this encouraging financial update  from Steve McNeely, one of our accountants: \u201cWe were blessed with a  generous Pentecost offering and steady deposits during the month of  June. Total income for the month was just over $800,000, and for the  year it stands at approximately $3,880,000. Expenses continue to be well  managed and held to a minimum, and we are very grateful for everyone  operating on a frugal budget as we become more established in the early  organizational stages. As of June 30, 2011, we have approximately  $1,430,000 in the bank, of which just under $400,000 has been restricted  to use for preaching the gospel. We also have set aside temporarily  restricted income that will be used during the year for specific  purposes, such as assistance and Feast expenses. The low point for cash  flow is historically right before the Fall Feast Days so we are trying  to build our operating reserves. We currently have about one month\u2019s  worth of expenses in reserves, which is not a lot, but it is significant  considering we started with nothing.\u201d<\/p>\n<p>\u201cWe are continuing to work on entering detail for contribution  receipts. The mail detail is processed through May, and we are working  on the holy day offerings. It is a big job. Our goal is to provide a  combined first and second quarter contribution receipt in the next two  or three weeks.\u201d<\/p>\n<p>\u201cWhile the money in the bank gives us only a relatively small margin  for needs and reserves, given the amount of time we have been in  operation, we are very grateful for God\u2019s blessings and the continued,  generous financial support from the brethren. This is a very important  part of building an organizational foundation upon which we can do the  work God has commissioned to us.\u201d<\/p><\/blockquote>\n<p>For those unfamiliar, COGWA stands for Church of God, a Worldwide Association, it formed in December 2010 as a split from the <a href=\"\/ucg.htm\">United Church of God<\/a>.<\/p>\n<p>In its last audited financial statements, UCG had reported an income of USD$23,870,107.\u00a0 Most of the paid USA and Latin American ministry of UCG went with COGWA, but apparently not most of the money. If COGWA would have gotten about 1\/2, it would have been expected to have an income for the first six months of 2011 much closer to USD$6,000,000.<\/p>\n<p>Thus far, COGWA&#8217;s spending focus has appeared to be related to the ministry and local congregations.\u00a0 COGWA has indicated that it would use the internet as its major initial way to reach the public with the gospel of the kingdom.\u00a0 Of course, many groups have claimed that they would    utilize this form of media to have an impact on the world.<\/p>\n<p>FWIW, as of    7\/30\/2011, the Alexa popularity rank of COGWA\u2019s website was   497,952,  while the rank for COGwriter.com was 152,485.\u00a0 Essentially   what this  means is that even though COGWA has claimed about 8,000   members and  170+ ministers\/elders, its now preferred gospel proclamation   vehicle  is considerably less popular than the website of a member of the    Living Church of God (let alone LCG\u2019s websites, telecasts, magazines,    etc.).\u00a0 I suspect that COGWA still believes it is working towards having improvements in this area.<\/p>\n<p><em>Some articles of possibly related interest may include:<\/em><\/p>\n<p><a href=\"\/choice.htm\">Attending the Church of Choice<\/a> This article discusses whose choice is important to worship God; should  you attend the church of your choice or the church of God&#8217;s choice?<br \/>\n<a href=\"\/church_governance.htm\">Polycarp, Herbert W. Armstrong, and Roderick C. Meredith on Church Government<\/a> What form of governance did the early church have? Was it hierarchical?         Which form of governance would one expect to have in the            Philadelphia       remnant? The people decide and\/or committee    forms,         odd dictatorships,  or   the same type that the    Philadelphia era         itself      had?<br \/>\n<a href=\"\/vote.htm\">Should a Christian Vote?<\/a> This article gives some of the Biblical rationale on this subject.   Would Jesus vote for president\/prime minister? Is voting in the Bible?  This is a subject Christians need to understand.<br \/>\n<a href=\"\/unity.htm\">Unity: Which COG for You?<\/a> Why so many groups? Why is there lack of unity in the Churches of God?        Has it always been this way? What can\/should be done about it?<br \/>\n<a href=\"\/ucg.htm\">Differences between the           Living Church of God and United Church of God<\/a> This article    provides          quotes information from the two      largest groups which    had their         origins      in WCG as well as      commentary.<br \/>\n<a href=\"\/ylcg.htm\">There are Many COGs: Why        Support the Living Church of God?<\/a> This is an article for those  who          wish to more easily sort out      the different COGs. It really   should   be    a          MUST READ     for  current and former WCG\/GCI   members or  any        interested        in     supporting the faithful   church. It also   explains a         lot   of  what   the   COGs   are all   about.<br \/>\n<em><em><span style=\"color: teal;\"><span style=\"color: black;\"><a href=\"\/cogwa.htm\"><em> <\/em><\/a><\/span><\/span><\/em><\/em><a href=\"https:\/\/www.cogwriter.com\/cogwa.htm\">Concerns about Church of God, a Worldwide Association (COGWA) <\/a> This seems to be the largest group that came out of the United Church of God.  Here is some history and concerns about it.<br \/>\n<a href=\"\/work.htm\">Should the Church Still Try    to Place its Top Priority on Proclaiming the Gospel or Did   Herbert           W.     Armstrong Change that Priority for the Work?<\/a> Some   say   the       Church     should mainly feed the flock now as   that is   what   Herbert  W.       Armstrong    reportedly said.  Is that   what  he  said?    Is that  what    the    Bible says?   What did <a href=\"\/paul.htm\">Paul<\/a> and <a href=\"\/herbertwarmstrong.htm\">Herbert W. Armstrong<\/a> expect from evangelists?<br \/>\n<a href=\"\/laodiceachurch.htm\">The Laodicean  Church Era <\/a>has been predominant circa 1986 A.D. to present. These are non-Philadelphians who mainly descended from the old WCG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COGwriter COGWA supporter Michael Hanisko posted: Several members have asked recently how COGWA is doing financially. I thought you would appreciate reading this encouraging financial update from Steve McNeely, one of our accountants: \u201cWe were blessed with a generous Pentecost offering and steady deposits during the month of June. Total income for the month was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-8002","post","type-post","status-publish","format-standard","hentry","category-cog-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"COGwriter COGWA supporter Michael Hanisko posted: Several members have asked recently how COGWA is doing financially. I thought you would appreciate reading this encouraging financial update from Steve McNeely, one of our accountants: \u201cWe were blessed with a generous Pentecost offering and steady deposits during the month of June. Total income for the month was\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.cogwriter.com\/news\/cog-news\/cogwa-reports-on-its-finances\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Church of God News -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"COGWA Reports on Its Finances - Church of God News\" \/>\n\t\t<meta property=\"og:description\" content=\"COGwriter COGWA supporter Michael Hanisko posted: Several members have asked recently how COGWA is doing financially. 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