American Baptist Theological Seminary
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $7,855,296.00 | $5,216,620.00 | |
| Total Expenses | $6,212,225.00 | $4,505,466.00 | |
| Revenue Less Expenses | ($-0.00) | $1,643,071.00 | $711,154.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $7,078,405.00 | $1,995,642.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $375,799.00 | $2,084,319.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $691,920.00 | $695,987.00 | |
| Investment Income, Net of Losses | $-358,747.00 | $397,561.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $250.00 | $7,725.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $67,669.00 | $35,386.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,488,908.00 | $2,307,228.00 | |
| Administration Expense | $3,253,144.00 | $1,714,625.00 | |
| Fundraising Expense | $470,173.00 | $401,575.00 | |
| Total Revenue/Total Expenses | 126% | 118% | |
| Program Expense/Total Expenses | 40% | 52% | |
| Fundraising Expense/Contributed Revenue | 8% | 9% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Federal Government Grants $7,078,405.00 | Contributions, Gifts, and Grants $2,084,319.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $691,920.00 | Federal Government Grants $1,995,642.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $375,799.00 | Program Revenue $695,987.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $11,069,613.00 | $8,636,351.00 | |
| Current Assets | $2,936,030.00 | $3,215,818.00 | |
| Long-Term Liabilities | $2,787,885.00 | $301,589.00 | |
| Current Liabilities | $1,222,660.00 | $3,491,815.00 | |
| Total Net Assets | $7,059,068.00 | $4,842,947.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,250,000.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
Anticipated In 3 Years
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Figures are taken primarily from the Audited Financial Statements, with supplementary information taken from the Form 990. Financial documents were prepared by Hoskins & Company, PC. Comments provided by Nicole Rose 03/31/2023. |
