Thursday, November 8, 2012

Financial Report for October 2012

The tables below show our financial condition as of the end of October 2012. For the month of October, contributions from churches and individuals were $35,124 below what was budgeted. Expenses were $9,300 below budget, leaving a net budget shortfall of $25,824.
 
Please prayerfully consider how you might help provide the seminary with a solid financial foundation for this final quarter of 2012 (2nd quarter of our fiscal year). We encourage you to read the lead article of this month's GPTS Online newsletter and consider becoming a regular monthly patron of this seminary.

OCTOBER 2012
Expenses $81,140
Donation Income $52,419
Other Income $9,296
Total Income $61,715
Net Income -$23,830

FISCAL YEAR TO DATE
Expenses $346,746
Donation Income $183,844
Other Income $92,340
Total Income $276,184
Net Income -$70,562

CAPITAL FUND UPDATE
Capital Campaign Goal* $3,500,000
Received $3,050,156
Long-term Pledges Outstanding $589,270
Total Received and Pledged $3,639,426
Outstanding Obligations $35,000
Monthly Note $4,264
Remaining Mortgage $889,794

*Although the formal fund-raising campaign goal has been more than realized, additional funds are needed to amortize the balance of our mortgage.

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.