Monday, June 8, 2015

Financial Report for May 2015

The tables below indicate our financial situation as of the end of May 2015 and the 2014-15 fiscal year to date (ends June 30). Unrestricted general fund donations from churches and individuals during May totaled $258,120, which was $194,261 above the $63,859 budgeted for such income. The month's income included a $203,202 bequest from a benefactor in New York. Expenses of $63,853 were $23,737 below the $87,590 budgeted for expenses. In addition, we received $1,779 toward our Capital Fund in May, and $95 was given for scholarships.


Fiscal year ends this month


June is the last month of our current fiscal year. During this month, your contribution and friend-raising for the GPTS Advancement Initiative is especially important as we move into the summer months and prepare for a new budget and academic year with additional faculty. See the lead story in this e-newsletter for a special message from President Joseph A. Pipa, Jr. concerning our financial needs for the coming months.


 GENERAL OPERATING FUND - MAY 2015
          $258,120
fundraising ideas for schools, churches, and youth sports teams
Graph shows May
contributions vs. Budget 
(lower number)

 Donation Income (unrestricted)
$258,120  
 Other Income
$10,188  
 Total Income
$268,308  
 Expenses
$63,853  
 Net Income
$204,455  
 GENERAL OPERATING FUND -  FISCAL 2014-15
Donation Income
$994,361  
Other Income
$263,679  
Total Income
$1,258,040  
Expenses
$925,631  
Net Income
$332,409  

 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,401,707 
 Long-term Pledges Outstanding
$284,114 
 Total Received and Pledged
$3,685,821 
 Outstanding Obligations
$0 
 Monthly Interest Payment
$2,412 
 Remaining Mortgage
$580,817 



 

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.

  
Most of all, be fervent in prayer that God would provide all that is needed for us to do what He has called us to do in this ministry which the church so badly needs in these uncommon times.

Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. (The tax deduction is reduced by the fair market value of any premium received in return for a donation.) 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.