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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 consolidated balance sheets as of June 30, 2018 and June 30, 2017

Assets

2018

2017

Current assets

 

 

Cash and Cash Equivalents $9,500,995 $14,535,878
Other Current Assets 296,767 158,551

Total Current Assets $9,797,762 $14,694,429

Non-current Assets

   

Other assets

1,498,020 1,443,591
Investments 110,216,347 97,429,803
Student Notes Receivable, Net 2,669,576 2,794,820
Land, Buildings and Equipment, Net 11,473,549 11,528,664

Total Other Assets $125,857,492 $113,196,878

Total Assets

$135,655,254

$127,891,307

Liabilities and Net Assets

Current Liabilities

Other Current Liabilities $2,358,697 $2,442,375
Notes Payable & Line of Credit, Current Portion 2,518,806 2,513,729

Total Current Liabilities $4,877,503 $4,956,104

Long-Term Liabilities

Other Long Term Liabilities 7,190,619 7,691,030
Notes Payable, Net of Current Portion 4,921,872 5,040,678

Total Long-Term Liabilities $12,112,491 $12,731,708

Total Liabilities

$16,989,994

$17,687,812

Net assets

Unrestricted $5,704,877 $7,691,030
Temporarily Restricted 23,013,470 19,482,913
Permanently Restricted 89,946,913 84,055,619

Total Net Assets $118,665,260 $110,203,495

Total Liabilities and Net Assets

$135,655,254

$127,891,807