American Baptist Theological Seminary
- Assets
- $9.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Nashville, TN
- Founding
- 08/2015
- Data as of
- 06/2023
- 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 06/2023, American Baptist Theological Seminary employed 61 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 06/2023, American Baptist Theological Seminary generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $6.9m during the year ending 06/2023. While expenses have increased by 8.6% per year over the past 8 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
2023
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 E Harris Sr Dmin President | Officer | 40 | $160,000 |
Richard Jackson JD Vice President | Officer | 40 | $110,000 |
Phyllis Dk Hildreth JD VP Strat & Acad | Officer | 40 | $95,625 |
Febbie Dickerson PHD Vice President | Officer | 40 | $85,000 |
Phyllis Qualls VP Inst Adv | Officer | 40 | $80,000 |
Mrs Donnetta Butler Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,680,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,035,516 |
| Total Program Service Revenue | $724,109 |
| Investment income | $76,846 |
| 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 | $6,129,117 |
| 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. | $530,625 |
| Compensation of current officers, directors, key employees. | $425,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,936,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $214,368 |
| Payroll taxes | $153,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,749 |
| Fees for services: Accounting | $56,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,550 |
| Office expenses | $37,462 |
| Information technology | $15,559 |
| Royalties | $0 |
| Occupancy | $444,076 |
| Travel | $148,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $143,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625,975 |
| Insurance | $0 |
| All other expenses | $233,135 |
| Total functional expenses | $6,912,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,976,286 |
| Investments—publicly traded securities | $2,618,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,692 |
| Total assets | $9,864,313 |
| Accounts payable and accrued expenses | $397,215 |
| Grants payable | $0 |
| Deferred revenue | $439,217 |
| 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 | $2,679,319 |
| Unsecured mortgages and notes payable | $166,670 |
| Other liabilities | $419,020 |
| Total liabilities | $4,101,441 |
| Net assets without donor restrictions | $3,757,761 |
| Net assets with donor restrictions | $2,005,111 |
| 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 | $9,864,313 |