Saturday, June 24, 2017

Stewardship Report for May 2017

As we near the end of our fiscal year, we are thankful that our revenues have remained above-budget, and the net-change in our assets has been positive. As we anticipate growth in our enrollment for the upcoming academic year, we are confident in God’s provision for us. We have high hopes that in the next year, we will not only welcome many new students into our midst (from around the world) and trustees to our board, but also new faculty and staff, as the Lord provides. As American churches gather for their annual assemblies and synods, we are reminded of the unique contribution of Greenville Presbyterian Theological Seminary to Presbyterian and Reformed churches around the world. Our graduates enter into the courts of the church, equipped to serve Christ and His bride as churchmen, just as they serve Christ and His bride in their congregations as preachers and pastors.

The tables below indicate our monthly general operating fund financial situation as of the end of May, with one month left in our 2016-17 fiscal year, which ends June 30. Unrestricted donations of $75,956 were $2,044 under the $78,000 budgeted for this month. FY income from all sources through the end of May of $1,183,784 was $77,184 above the budgeted amount of $1,106,600.

Actual Income and Expenses:

GENERAL OPERATING FUND – MAY 2017
Donation Income (Unrestricted)
Churches
$18,230 
Individuals
$57,726 
Total Donations (unrestricted)
$75,956
Other Income
 $11,459
Total Income
$87,415
Expenses
$120,640
Net Income
–$33,225
GENERAL OPERATING FUND – FISCAL YEAR 2016-17
Donation Income (Unrestricted)
$963,334
Other Income
$220,450
Total Income
$1,183,784
Expenses
$1,157,442
Net Income
$26,342

Income and Expenses at a Glance:



 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,573,242 
 Long-term Pledges Outstanding
$187,760 
 Total Received and Pledged
$3,760,802 
 Outstanding Obligations
$0 
 Monthly Payment (Interest Only)
$1,939 
 Remaining Mortgage
$517,495 

To financially support Greenville Seminary, contact Zack Groff at zgroff@gpts.edu or call the Seminary at (864) 322-2717. You can also make your tax-deductible gift online here. Gifts may 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.


Thank you for your continued support for Greenville Presbyterian Theological Seminary.