FYI: President Fredrick Pfotenhauer, the last German born president and one of my favorites, was Synodical President in 1929.
The Synod was no doubt "missional" with some 902 church workers in the mission field -- 730 were ordained clergy. Also, educating pastors and teachers was considered missions. It is striking how transparent this report is; its honesty is almost shocking -- no one writes reports like this any longer.
For some perspective here, according to Answers.com $100 in 1929 is equivalent to $2300 today, or $100 of today's dollars would by $4 of stuff in 1929.
The Work of Your Synod 1929
Summary of Synodical Budget
Synodical Treasury Budget 1929
For me this is one of the most interesting pages. It is of the Synodical Treasury Budget 1929. I haven't extensively studied the structure of 1929, but it seems that this in some ways is akin to the International Center's budget today. Note that of the $625,000 total, about $523,000 or about 84% goes to the Synod's colleges and Seminaries (the largest some to Concordia Seminary St Louis). Also, in 1929 the Synod President was paid $4,000 per year. Of this salary, he paid his own travel expenses and the salary of his secretary.
Home and Negro Missions
South American Missions and European Missions
Deaf-Mute and Blind Missions | Immigrant and Seamen's Missions
Indian Missions | Board of Support
Church Extension and Building Funds
In 1929, the Synod had a $751,000 deficit. Financial challenges are nothing new for the Missouri Synod. Nonetheless, in 1929, the Synod kept to its goals and borrowed money to support its mission.