Tuesday, October 8, 2013

Financial Report for September 2013

The tables below show our overall financial condition as of the end of September. Donations of $52,193 from churches and individuals were $9,280 below the $61,473 September budget for these types of unrestricted contributions. Expenses of $88,605 were $603 above the $88,002 budgeted for expenses. For the first quarter of our current fiscal year (July-September), unrestricted contributions fell $43,884 short of budgeted expectations.

We are grateful to the many who responded generously to last month's call for support. You made an absolute difference in our ability to carry on. We are so impressed by how God guides His people to provide for the advancement of His Kingdom's work, growing and edifying the church of Christ. As we meet people from around the country, it is increasingly apparent that Greenville Seminary is filling a vacuum for those who long for a return to solidly biblical and confessional theological education. If we cannot fill this need due to lack of resources, few will remain who can. You can make a difference for the future of the church by being our partners in what God has called us to do.

Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. SENIORS PLEASE NOTE information about IRA Charitable Rollovers in 2013, as explained here.

Donation Income (unrestricted)$52,193
Other Income$19,697
Total Income$71,890
Net Income–$16,715

Donation Income$140,535
Other Income$76,489
Total Income$217,024
Net Income–$44,826

Capital Campaign Goal*$3,500,000
Long-term Pledges Outstanding$571,172
Total Received and Pledged$3,839,642
Outstanding Obligations$35,000
Monthly Interest Payment$3,350
Remaining Mortgage$691,442

*Although the formal fund-raising campaign goal has been more than realized when combining receipts to date with pledges outstanding, 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. Gifts may also be mailed to: Greenville Seminary, PO Box 690, Taylors SC 29687. 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, share a link to this newsletter or our website. Thank you for your continued support for Greenville Presbyterian Theological Seminary.