American Baptist Theological Seminary Dba American Baptist College (the “College”) was founded in 1924. In 1971, the College became an accredited four-year undergraduate bible college. The College is an accredited member of the Commission on Accreditation of the Association for Biblical Higher Education (ABHE); approved to award the Associate of Arts, Bachelor of Arts, and Bachelor of Theology degrees. 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. The College offers a quality educational program with a liberal arts emphasis, equipping diverse students intellectually, morally, spiritually, socially, and theologically. The College offers undergraduate degree programs at its Nashville, Tennessee campus.
Basis of Presentation The accompanying schedule of expenditures of federal awards is presented in accordance with the requirements by Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”), on the accrual basis of accounting consistent with the basis of accounting used by the College in the preparation of its financial statements. Therefore, some amounts presented may differ from amounts presented in, or used in the preparation of, the financial statements.
The College did elect to utilize the 15% De Minimis election in the fiscal year June 30, 2025.
During the year ended June 30, 2025, the College processed $254,568 of new loans under the Federal Direct Loan Program, Assistance Listing Number (ALN) 84.268.
The College has evaluated subsequent events as of December 8, 2025; the date management evaluated such events that require disclosures. December 8, 2025, is the date the Schedule was available to be issued.