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EBM’s Liabilities at Closing

By August 10, 2013June 20th, 2014No Comments
Individual missionary funds$1,655,258.13
Field projects$370,742.19
Missionary projects$7,874.97
Benevolent fund$52,691.36
Other restricted funds$35,854.65
Total restricted funds$2,086,566.66
Other liabilities (bank mortgage, line of credit, accounts payable, other)$681,598.04
Total liabilities (as reported on EBM’s Final Disclosure Statement, Feb. 6, 2013)$2,768,164.60
Average missionary owed$18,500
Average missionary paid$4,000
(EBM’s final payout was 21.5 percent of each creditor’s balance.) 

 

 

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