FAQs
FAQs
- How much were our total pledges for the All IN Campaign? $2.1million
- How much has been received? We recently surpassed $2.1 million!! NOTE: fundraising professionals expect to receive 85-90% of pledges.
- What was the original budget for the project? $3,659,732
- What is the current estimated total cost of construction? $4,844,095
- Why is the project costing more than our original budget?
- Vanman Architects & Builder’s initial sub-contractor costs were higher than they had anticipated.
- Vanman declared bankruptcy after 60+ years of building churches. Unity Minneapolis paid the unpaid subcontractors on our project.
- We removed & replaced the defective foundation installed by Vanman and 2 sub-contractors.
- Delays meant extra costs: architectural, engineering, rental, and legal fees to help us recover funds from the bankruptcy and the defective foundation.
- Our older church building revealed unforeseen conditions with significant change orders in our renovation project (phase 1).
- Do we have any reserves for these payments?
- $600K of church reserves were invested at the start of the building project.
- We were blessed that Angel Donors came forward with an additional $554,000 (above the $2.1M collected) for our project over the last two years.
- We recently received a $221,635 merger distribution from Thrivent Credit Union (based on June 2024 account balances). $209,092 was invested in our construction project. $12,543 was allocated to the operating fund based on the June 2024 balance in the operating fund.
- Will we receive funds from the Vanman bankruptcy or the defective foundation to cover the increased costs? We are doing the necessary work to recover funds in Vanman’s bankruptcy but expect to receive very little due to the funds available and the number of parties seeking recovery. We are scheduled for meditation with the foundation sub-contractors in November 2025.
- What is the projected amount of the mortgage? $1.65 million - any legal recovery of funds would be available to offset this mortgage debt.
- Estimated monthly payments? About $74,000 a month to pay off the mortgage in two years.
- How much do we need to raise in a two year campaign or three year campaign to pay off the debt? With accumulating interest charges a two-year campaign totals $1,777.485 and a three-year campaign totals $1,840,896 .
- What is the plan should we not pay off the mortgage in this 2nd campaign? First - we believe we can pay off the mortgage in two years. Together, we exceeded expectations in our 1st capital campaign. The majority of our donations were received in the first two years (thru December 2024). Thrivent Bank, an expert in church lending, also believes we can raise the funds needed.
Second - if we don’t pay off the full mortgage, we will use the funds raised to pay off a portion of the principal and reserve a portion of the funds to finance ongoing principal and interest payments until our church community is able to retire the full mortgage. The Finance Committee and Board of Trustees will closely monitor our progress and share updates all along the way. We are in this together! Blessings, dear friends.
Sunday Celebration
10:00 AM CT
Sanctuary/Livestream
Weekly Lesson | Meditation | Music
Youth & Family Ministry
10:00 AM CT – Nursery
10:00 AM CT – UniKids
10:00 AM CT – Uniteens & Youth of Unity
Office Hours
at 4100 Golden Valley Rd
Tuesday: 10:00 am - 5:00 pm
Thursday: 10:00 am - 5:00 pm
Call for additional office hours.
10:00 AM CT
Sanctuary/Livestream
Weekly Lesson | Meditation | Music
Youth & Family Ministry
10:00 AM CT – Nursery
10:00 AM CT – UniKids
10:00 AM CT – Uniteens & Youth of Unity
Office Hours
at 4100 Golden Valley Rd
Tuesday: 10:00 am - 5:00 pm
Thursday: 10:00 am - 5:00 pm
Call for additional office hours.
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