Monday, June 9, 2014

Financial Report for May 2014

The tables below show our overall financial condition as of the end of May 2014. Unrestricted general fund donations in May of $29,284 from churches and individuals were $32,189 below the $61,473 May budget for these types of unrestricted contributions. Expenses of $96,795 were $13,614 above the $83,181 budgeted for expenses. 

June is the last month of our 2013-14 fiscal year. Your gift during this month is vital to helping us close out the fiscal year in positive territory and to give us a solid foundation as we enter the summer months and our 2014-15 fiscal year. Please read the special message from President Pipa elsewhere in this newsletter.

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 OPERATING FUNDS - MAY 2014
Donation Income (unrestricted)$29,284
Other Income$8,043
Total Income$37,327
Expenses$96,795
Net Income-$59,468

GENERAL FUND - FISCAL YEAR 2013-14 (corrected)
Donation Income$707,020
Other Income$244,963
Total Income$958,868
Expenses$950,452
Net Income$8,416


CAPITAL FUND
Capital Campaign Goal*$3,500,000
Received$3,358,697
Long-term Pledges Outstanding488,533
Total Received and Pledged$3,847,230
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