FAC Explorer

Audit 377620

FY End
2025-06-30
Total Expended
$2.31M
Findings
1
Programs
3
Organization: Union Theological Seminary in the City of New York (NY)
Year: 2025 Accepted: 2025-12-24
Auditor: PKF O'CONNOR DAVIES LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1166643 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
84.268 FEDERAL DIRECT STUDENT LOANS $1.62M Yes 1
84.038 FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS $623,967 Yes 0
84.033 FEDERAL WORK-STUDY PROGRAM $64,058 Yes 0

Contacts

Name Title Type
JCTLP6ZCJP85 Micheal McCarthy Auditee
2126627100 Stephen Machinski Auditor
No contacts on file

Notes to SEFA

The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Union Theological Seminary in the City of New York (the “Seminary”), under programs of the Federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Seminary, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Seminary.
The Seminary is responsible only for the performance of certain administrative duties with respect to the Federal Direct Student Loans and, accordingly, these loans are not included in the Seminary’s basic financial statements. It is not practical to determine the balance of loans outstanding to students of the Seminary under this program at June 30, 2025.
The Federal Perkins Loan Program is administered directly by the Seminary and balances and transactions relating to this program are included in the Seminary’s basic financial statements. There were no new loans made during the year ended June 30, 2025. The balances of loans outstanding at June 30, 2025 are $605,828.

Finding Details

Finding 2025-002
Special Tests – Enrollment Reporting Federal Assistance Listing Number: 84.268 Name of Program or Cluster: Federal Direct Student Loans (Student Financial Aid Cluster) Agency: Department of Education Criteria: Institutions are required to report enrollment information under the Federal Pell Grant and Federal Direct Student Loans programs via the National Student Loan Data System (“NSLDS”). Institutions must complete and return the Enrollment Reporting roster placed in their Student Aid Internet Gateway mailboxes sent by the U.S. Department of Education via NSLDS within 15 days of receipt of the roster. Additionally, institutions are required to report changes in student enrollment status via NSLDS within 60 days. Condition: Two of three students’ enrollment status changes were not recorded accurately and timely to NSLDS and during the year ended June 30, 2025. Cause: Due to turnover in the Seminary’s Registrar department, enrollment reporting during high volume periods, such as graduation, were delayed due limits in work capacity of the staff available during the fiscal year. Effect: The Seminary was not in compliance with enrollment reporting requirements. Questioned Costs: None. Repeat Finding: Yes, see prior year finding 2024-006. Recommendation: We recommend that the Seminary enhance existing policies to comply with enrollment reporting requirements. This policy should include a method for ensuring both timely enrollment updates as well as accuracy of the data reported. Views of Responsible Officials: See corrective action plan attached.