Annual Report for 2020-21 » Revenue and Expenses

Revenue and Expenses

The last school year presented unique financial challenges and God provided in remarkable ways. The 2020-2021 income statement shows a substantial operating gain that is not fully representative of the year at hand. The gain is rather a reflection of the timing of both the Paycheck Protection Program (PPP) loan forgiveness along with The Lutheran Foundation (TLF) grant and Concordia Educational Foundation (CEF) scholarship awards. We give thanks in the Lord’s continued provision for our ministry. These pie charts are for information on Revenue and Expenses for 2020-21. These are audited numbers.