American Baptist Theological Seminary
- Assets
- $11.2m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 56
- Location
- Nashville, TN
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 62-0485724
Organization Overview
American Baptist Theological Seminary is located in Nashville, TN. The organization was established in 2015. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, American Baptist Theological Seminary employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Baptist Theological Seminary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, American Baptist Theological Seminary generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AMERICAN BAPTIST COLLEGE, A HISTORICALLY BLACK COLLEGE WITH A LIBERAL ARTS EMPHASIS, IS TO EDUCATE, GRADUATE, AND PREPARE DIVERSE STUDENTS FOR CHRISTIAN LEADERSHIP, SERVICE, AND SOCIAL JUSTICE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON CAMPUS 4-YEAR PROGRAM CONFERRING COLLEGE DEGREES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forrest Harris President | Officer | 40 | $160,250 |
Richard Jackson Vice President | Officer | 40 | $96,250 |
Phyllis D K Hildreth VP Strat & Acad | Officer | 40 | $81,475 |
Phyllis Qualls V P Inst Adv | Officer | 40 | $75,250 |
Febbie Dickerson Vice President | Officer | 2 | $62,695 |
Mrs Donnetta Butler Trustee | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,042,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $473,314 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,515,769 |
| Total Program Service Revenue | $719,195 |
| Investment income | -$358,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,876,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $476,484 |
| Compensation of current officers, directors, key employees. | $398,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,774,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,067 |
| Payroll taxes | $129,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,000 |
| Fees for services: Accounting | $31,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,318,305 |
| Advertising and promotion | $60,294 |
| Office expenses | $35,939 |
| Information technology | $7,741 |
| Royalties | $0 |
| Occupancy | $161,388 |
| Travel | $40,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,665 |
| Interest | $161,847 |
| Payments to affiliates | $68,831 |
| Depreciation, depletion, and amortization | $530,718 |
| Insurance | $0 |
| All other expenses | $45,747 |
| Total functional expenses | $6,176,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,142,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,065,072 |
| Investments—publicly traded securities | $2,431,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,177,466 |
| Accounts payable and accrued expenses | $345,905 |
| Grants payable | $0 |
| Deferred revenue | $251,153 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,953,236 |
| Unsecured mortgages and notes payable | $373,759 |
| Other liabilities | $0 |
| Total liabilities | $3,924,053 |
| Net assets without donor restrictions | $5,251,943 |
| Net assets with donor restrictions | $2,001,470 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,177,466 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Baptist Theological Seminary has recieved totaling $59,784.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: $25,000 FOR PAM & DAVID KIDD SCHOLARSHIP FUND & $25,000 FOR ABC GENERAL FUND | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Blue Mountain College Blue Mountain, MS | $37,926,447 | $21,477,479 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Bennett College Greensboro, NC | $45,162,174 | $40,377,386 |
Arkansas Baptist College Little Rock, AR | $34,676,418 | $14,634,571 |
Cox College Springfield, MO | $0 | $12,064,783 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Judson College Marion, AL | $32,056,907 | $7,964,098 |