Skip to content
Students gather in Olson Campus Center coffeeshop

Contact us

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, 2019 and June 30, 2018

Assets

2019

2018

Current assets

 

 

Cash and Cash Equivalents  $14,385,909 $9,500,995
Other Current Assets  714,998 296,767

Total Current Assets $15,100,907 $9,797,762

Non-current Assets

   

Other assets

 $2,141,224 1,498,020
Investments  110,3011240 110,216,347
Student Notes Receivable, Net  2,430,663 2,669,576
Land, Buildings and Equipment, Net  12,087,723 11,473,549

Total Other Assets  $126,960,880 $125,857,492

Total Assets

 $142,061,787

$135,655,254

Liabilities and Net Assets

Current Liabilities

Other Current Liabilities   $2,781,683 $2,358,697
Notes Payable & Line of Credit, Current Portion  2,824,109 2,518,806

Total Current Liabilities  $5,605,792 $4,877,503

Long-Term Liabilities

Other Long Term Liabilities  $7,266,634 7,190,619
Notes Payable, Net of Current Portion  4,797,763 4,921,872

Total Long-Term Liabilities  $12,064,397 $12,112,491

Total Liabilities

 $17,670,189

$16,989,994

Net assets

Without Donor Restrictions  $6,007,917 $5,704,877
With Donor Restrictions  118,383,681 112,960,383

Total Net Assets  $124,391,598 $118,665,260

Total Liabilities and Net Assets

 $142,061,787

$135,655,254