Friday, May 2, 2014

Financial Report for April 2014

The tables below show our overall financial condition as of the end of April 2014. How blessed we are to have a wonderful base of support among God's people who recognize the need for solid biblical perspectives in the ongoing advance of the Church. We are especially grateful for an $80,000 partial pledge fulfillment in April by a partnering business to help pay down our mortgage (included in "Other Income" in the table below), and for a $50,000 individual gift for our general needs. Unrestricted general fund donations in April of $90,769 from churches and individuals were $29,296 above the $61,473 April budget for these types of unrestricted contributions. Expenses of $85,663 were $2,339 below the $88,002 budgeted for expenses. 

As we are now in the final two months of our fiscal year (ending June 30), we are looking to God and His people to supply what is needed to see us through the summer months when charitable giving often takes a holiday. Your gift during this quarter would be greatly appreciated. 

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 - APRIL 2014
Donation Income (unrestricted)$90,769
Other Income$87,061
Total Income$177,830
Expenses
Transferred to Capital Fund
$85,663
($80,000)
Net Income$12,167

GENERAL FUND - FISCAL YEAR 2013-14
Donation Income$709,943
Other Income$315,551
Total Income$1,025,524
Expenses
Transferred to Capital Fund
$861,788
($80,000)
Net Income$83,736


CAPITAL FUND
Capital Campaign Goal*$3,500,000
Received$3,356,834
Long-term Pledges Outstanding489,847
Total Received and Pledged$3,846,681
Outstanding Obligations$35,000
Monthly Interest Payment$2,800
Remaining Mortgage$610,917

*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