Thursday, December 6, 2012

Financial Report for November 2012


The tables below show our financial condition as of the end of November 2012. For the month of November, contributions from churches and individuals were $13,007 above what was budgeted. Expenses were $6,015 below budget. We are grateful for this upturn in our financial picture, but we note that for the first five months of our fiscal year, overall contributions are still $157,020 below budget. Pray with us that our December "Impact 2012" campaign will close this shortfall.



The "IMPACT 2012" Challenge

Please prayerfully consider how you might help the seminary finish 2012 with a solid financial foundation for the new year. We encourage you to read the special message from Dr. Pipa elsewhere in this month's GPTS Online newsletter and consider becoming a regular monthly patron of this seminary. Of the 400 supporters who have sent gifts so far this year, more than a quarter have given on a monthly basis. Our goal for 2013 is to see that percentage at least doubled. Nearly a third of our supporters give on an occasional basis. Some 18 per cent give annually. Others give quarterly, semiannually or have given for special purposes and projects or through foundations. 

Meanwhile, your immediate contribution to our "Impact 2012" year-end financial campaign is vital to our ability to proceed into the new year with assurance. Our goal is to receive $180,000 by the end of this calendar year. Below is a graph showing progress toward that goal.


fundraiser ideas
The GPTS "Impact 2012" Challenge



NOVEMBER 2012
Expenses$85,930
Donation Income$87,090
Other Income$9,928
Total Income$97,018
Net Income+$11,088

FISCAL YEAR TO DATE
Expenses$438,828
Donation Income$280,693
Other Income$101,276
Total Income$381,969
Net Income-$56,858


CAPITAL FUND UPDATE
Capital Campaign Goal*$3,500,000
Received$3,050,814
Long-term Pledges Outstanding$589,056
Total Received and Pledged$3,639,870
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. 



 


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