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, 2016 and 2015)

Assets

   

Current assets

2016

2015

Cash and Cash Equivalents $6,893,726 $7,684,384
Other Current Assets 171,706 349,081

Total Current Assets $7,065,432 $8,033,465

Other assets

1,660,689 1,667,221
Investments 89,882,718 92,608,358
Student Notes Receivable, Net 2,782,721 2,810,881
Land, Buildings and Equipment, Net 12,069,286 12,519,933

Total Other Assets $106,395,414 $109,606,393
Total Assets $113,460,846 $117,639,858

Liabilities and Net Assets

Current liabilities

Other Current Liabilities $2,487,381 $2,785,574
Notes Payable & Line of Credit, Current Portion 308,869 250,862

Total Current Liabilities $2,796,250 $3,036,436

Long-term liabilities

Other Long Term Liabilities 7,891,010 7,102,234
Notes Payable, Net of Current Portion 5,154,408 5,263,277

Total Long-Term Liabilities $13,045,418 $12,365,511
Total Liabilities $15,841,668 $15,401,947

Net assets

Unrestricted 1,460,867 2,967,633
Temporarily Restricted 14,163,218 18,872,783
Permanently Restricted 81,995,093  80,397,495

Total Net Assets $97,619,178 $102,237,911
Total Liabilities and Net Assets $113,460,846 $117,639,858