Monday, September 10, 2012

Financial Report for August 2012

The tables below show our financial condition as of the end of August 2012 and the first two  months of our 2012-13 fiscal year. While the figures show a positive bottom line for both periods, the Donation Income figure for August is nearly $30,500 below what we had budgeted. For the first two months of the fiscal year, total contributions were nearly $55,000 below budget.

Please prayerfully consider how you might help provide the seminary with a solid financial foundation for our new academic year.

AUGUST 2012
Expenses $82,337
Donation Income $32,368
Other Income $67,075
Total Income $106,001
Net Income +$23,764

FISCAL YEAR TO DATE
Expenses $177,418
Donation Income $70,715
Other Income $94,657
Total Income $165,372
Net Income -$12,045

CAPITAL FUND UPDATE
Goal $3,500,000
Received $3,047,393
Long-term Pledges Outstanding $589,861
Total Received and Pledged $3,637,254
Outstanding Obligations $35,000
Monthly Note $4,264
Remaining Mortgage $889,794

We occasionally receive gifts given in lieu of flowers in memory of a deceased loved one. Recently, however, we received a $300 gift from some newlyweds who gave in the name of a Coast Guard chaplain, an alumnus of GPTS who officiated at their wedding. It may have been that the chaplain recommended this gift to GPTS in lieu of his honorarium for performing the ceremony. Moral of the story: there are many creative ways to give.

If you would like to make a convenient online donation to Greenville Seminary, click the  "Donate" button below. Whether or not you can contribute financially, here is another way you can help the seminary: Spread the Word! Do you know someone that would be interested in learning more about our organization or supporting us? If so, fill out the form here and an e-mail message with a link to our website will be sent to them. Thank you for your continued support for Greenville Presbyterian Theological Seminary

 

Sharing in the Advancement of GPTS

Visit the GPTS Development Office web site for information on ways to support and spread the word about Greenville Seminary.