Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of The Jewish Theological Seminary of America (the "Seminary") under programs of the federal government for the year ended June 30, 2025. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "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, change 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 Loan Program and, accordingly, these loans are not included in the Seminary's basic consolidated financial statements. It is not practical to determine the balance of loans outstanding to students and former students of the Seminary under these programs as of June 30, 2025.