Luther Seminary and Foundation consolidated balance sheets as of June 30, 2024 and June 30, 2025
Assets |
2024 |
2025 |
Current assets |
||
| Cash and Cash Equivalents | $11,951,995 | $8,551,125 |
| Other Current Assets | $648,317 | $306,158 |
|
|
||
| Total Current Assets | $12,600,312 | $8,857,283 |
Non-current Assets |
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| Other assets | $1,996,675 | $1,901,520 |
| Investments | $135,495,744 | $143,877,825 |
| Student Notes Receivable, Net | $1,887,948 | $1,822,113 |
| Land, Buildings, and Equipment, Net | $7,751,070 | $7,348,926 |
|
|
||
| Total Other Assets | $147,131,437 | $154,950,384 |
Total Assets |
$159,731,749 | $163,807,667 |
Liabilities and Net Assets |
||
Current Liabilities |
||
| Other Current Liabilities | $3,774,453 | $3,081,563 |
| Notes Payable & Line of Credit, Current Portion | $159,726 | $166,233 |
|
|
||
| Total Current Liabilities | $3,934,179 | $3,247,796 |
Long-Term Liabilities |
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| Other Long Term Liabilities | $6,453,499 | $5,840,955 |
| Notes Payable, Net of Current Portion | $4,072,014 | $3,905,781 |
|
|
||
| Total Long-Term Liabilities | $10,525,513 | $9,746,736 |
Total Liabilities |
$14,459,692 | $12,994,532 |
Net assets |
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| Without Donor Restrictions | $4,626,230 | $3,443,146 |
| With Donor Restrictions | $140,645,827 | $147,369,989 |
|
|
||
| Total Net Assets | $145,272,057 | $150,813,135 |
Total Liabilities and Net Assets |
$159,731,749 | $163,807,667 |