Olson Campus Center

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Seminary Relations
2481 Como Ave.
St. Paul, MN 55108-1496
651-641-3448
1-888-3LUTHER

Balance Sheet

Luther Seminary and Foundation audited consolidated balance sheet (June 30, 2015 and 2014)

Assets

   

Current assets

2015

2014

Cash and Cash Equivalents $7,684,384 $6,591,972 
Other Current Assets 349,081  673,758 

Total Current Assets  $8,033,465  $7,265,730 

Other assets

1,667,221  2,688,553
Investments 92,608,358 84,883,150
Student Notes Receivable, Net 2,810,881 2,861,930
Land, Buildings and Equipment, Net 12,519,933 12,982,649

Total Other Assets $109,606,393  $103,416,282
Total Assets $117,639,858 $110,682,012

Liabilities and Net Assets

Current liabilities

Other Current Liabilities $2,785,574   $3,078,572 
Notes Payable & Line of Credit, Current Portion 250,862 1,390,317

Total Current Liabilities  $3,036,436 $4,468,889

Long-term liabilities

Other Long Term Liabilities 3,408,865 3,659,041
Notes Payable, Net of Current Portion 5,514,140 5,754,457

Total Long-Term Liabilities  12,365,511 13,422,648 
Total Liabilities $15,401,947 $17,891,537

Net assets

Unrestricted 2,967,633 762,623 
Temporarily Restricted 18,872,783  15,022,833 
Permanently Restricted 80,397,495  77,005,019 

Total Net Assets $102,237,911 $92,790,475
Total Liabilities and Net Assets $117,639,858 $110,682,012