Tuesday, June 11, 2013

Financial Report for May 2013

The preliminary tables below show our overall financial condition as of the end of May 2013. For the month of May, contributions totaling $90,216 from churches and individuals were $16,133 above what was budgeted ($74,083). Total income for the month of $99,660 was $4,690 above  the budget of $94,970. Expenses for the month were $9,982 above budget ($90,446). 

The month of June is the final month of our fiscal year, and gifts during this month are crucial to our financial stability as we enter a new fiscal year and for our operations during the summer months. Your support is urgently needed this month as we seek to raise the $95,000 needed by June 30. During the first 10 days of June, responses to our fiscal-year closeout appeal totaled $14,810, well below the target for that period of $31,667. (Expenses during the same period totaled $2,750.) Please consider in prayer what you may be able to do to help meet our June goal. 

Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. 

MAY 2013
Donation Income$90,216
Other Income$9,445
Total Income$99,660
Net Income-$767

Donation Income$844,691
Other Income$217,157
Total Income$1,061,848
Disbursed to Capital Fund$135,000
Net Income-$70,559

Capital Campaign Goal*$3,500,000
Long-term Pledges Outstanding$586,271
Total Received and Pledged$3,845,670
Outstanding Obligations$35,000
Monthly Interest Payment$3,424
Remaining Mortgage$691,442

*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 Online" button above. 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.