Tuesday, October 6, 2015

Financial Report for September 2015

The tables below indicate our financial situation as of the end of September 2015 and the first quarter of our 2015-16 fiscal year. Unrestricted general fund donations from churches and individuals during September totaled $35,724, which was $32,234 below the $67,958 budgeted for such income. Expenses of $109,508 were $3,506 above the $106,002 budgeted for expenses. Total income for the month, including funds withdrawn from reserves, was $79,303, which was $23,567 below budget projections of $102,870. In addition, we received $738 toward our Capital Fund in September, and $6,245 was given for scholarships. During September, the seminary disbursed $5,058 in scholarships.

We urgently need your help! Your gift and prayers are vital to the accomplishment of our mission. Will you give generously and pray earnestly for a stronger financial foundation this month?


 GENERAL OPERATING FUND - SEPTEMBER 2015

fundraising ideas for schools, churches, and youth sports teams
Graph shows September
contributions vs. Budget 
(upper number)

 Donation Income (unrestricted)
$35,724  
 Other Income (see note below)*
$43,579  
 Total Income
$79,303  
 Expenses
$109,508  
 Net Income
–$30,205  
 GENERAL OPERATING FUND -  FISCAL 2015-16
Donation Income
$104,369  
Other Income (see note below)*
$132,901  
Total Income
$237,270  
Expenses
$317,261  
Net Income
–$79,991  

*NOTE: Other income figures includes $16,667 withdrawn monthly from a reserve account established from a bequest received near the end of our last fiscal year.

 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,405,392 
 Long-term Pledges Outstanding
$281,519 
 Total Received and Pledged
$3,686,912 
 Outstanding Obligations
$0 
 Monthly Payment (Interest Only)
$2,783 
 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.

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Fidelity Charitable Clients: Click here for Donor-Advised Fund direct deposit (available soon)
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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