Thursday, March 6, 2014

Financial Report for February 2014

The tables below show our overall financial condition as of the end of February 2014. Unrestricted general fund donations in February of $46,302 from churches and individuals were $15,171 below the $61,473 February budget for these types of unrestricted contributions. Expenses of $77,586 were $10,416 below the $88,002 budgeted for expenses. 

Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. See here for information about planning your last will and testament with the Kingdom of God in mind.


GENERAL FUND - FEBRUARY 2014
Donation Income (unrestricted)$46,302
Other Income$47,253
Total Income$93,555
Expenses$77,586
Net Income$9,505

GENERAL FUND - FISCAL YEAR 2013-14
Donation Income$511,019
Other Income$214,945
Total Income$725,964
Expenses$689,073
Net Income$36,891


CAPITAL FUND
Capital Campaign Goal*$3,500,000
Received$3,274,808
Long-term Pledges Outstanding$569,975
Total Received and Pledged$3,844,783
Outstanding Obligations$35,000
Monthly Interest Payment$3,500
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