Tuesday, September 9, 2014

Financial Report for August 2014

The tables below indicate our financial situation as of the end of August 2014. Giving by individuals and churches, the backbone of our financial well-being, was unexpectedly thin during the summer months, including August. Boosted by a recent rate increase and growing enrollment, tuition income helped fill the gap to some extent as we began a new semester in late August.

Unrestricted general fund donations during August of $35,773 from churches and individuals were $28,086 below the $63,859 August budget for these types of contributions. Expenses of $98,548 were $8,199 above the $90,349 budgeted for expenses. In addition to the unrestricted donations, $7,885 was given in August for scholarships, $6,815 of which was designated for foreign students.

GENERAL OPERATING FUND - AUGUST 2014
fundraising ideas for schools, churches, and youth sports teams
Graph shows donation income vs. budget for August 2014

Donation Income (unrestricted)
$35,773
Other Income
$30,628
Total Income
$66,401
Expenses
$98,548
Net Income
–$32,147
GENERAL OPERATING FUND - FISCAL 2014-15
Donation Income
$89,283
Other Income
$50,864
Total Income
$140,147
Expenses
$186,806
Net Income
–$46,659

CAPITAL FUND
Capital Campaign Goal*
$3,500,000
Received
$3,360,672
Long-term Pledges Outstanding
487,905
Total Received and Pledged
$3,848,578
Outstanding Obligations
$35,000
Monthly Interest Payment
$2,800
Remaining Mortgage
$610,817


 

If you would like to make a convenient online donation to Greenville Seminary, click the "Donate" button above. Gifts may also be mailed to: Greenville Seminary, PO Box 690, Taylors SC 29687.

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.

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. (Click the tiny "M" e-mail icon at the bottom of this post.) Thank you for your continued support for Greenville Presbyterian Theological Seminary.