EIN: 510195363
UEI: LHLBUJNNMHJ1
Audited by: Edmondson, Betzler & Dame, PLLC
Oversight agency: 84 [Department of Education]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 30, 2026. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by September 30, 2026 (17 days from today).
What is a management decision? →FAC accepted this audit on February 19, 2025 — management decision was due August 19, 2025.
Two amounts required to be returned to Title IV were not returrned within the prescribed 45 days. Cause: Calculations of petential returns to Title IV were not made timely. Effect: Required returns of Title IV funds were not within 45 days as required by the U.S. Department of Education. Questioned Costs: The two instances of noncompliance totaled $2,987. These funds were returned, but after the required 45 days. Recommendation: The Siminary should make timely calculations to determine if a refund of Title IV funds is required when a student withdraws. The Seminary needs to establish procedures to notify the person(s) responsible for calculating if a refund determination needs to be made and another person to oversee the process, review the calculation and make sure the funds are returned timely.
Show full finding ▾Hide full finding ▴Criteria: When a return of Title IV funds is required, the U.S. Department of Education requires that Title IV funds be returned as soon as possible, but no later than 45 days of becoming aware that the student had withdrawn, deposits or transfers were made into the federal funds account, electronic transfers were initiated, or checks were issued. Condition: Two amounts required to be returned to Title IV were not returrned within the prescribed 45 days. Cause: Calculations of petential returns to Title IV were not made timely. Effect: Required returns of Title IV funds were not within 45 days as required by the U.S. Department of Education. Questioned Costs: The two instances of noncompliance totaled $2,987. These funds were returned, but after the required 45 days. Recommendation: The Siminary should make timely calculations to determine if a refund of Title IV funds is required when a student withdraws. The Seminary needs to establish procedures to notify the person(s) responsible for calculating if a refund determination needs to be made and another person to oversee the process, review the calculation and make sure the funds are returned timely.
Management concurs with the finding and the auditor's recommendation to make timely calculations to determine if a refund of Title IV funds is required when a student withdraws. The return of Title IV funds to the U.S. Department were made, but not within the required 45 days. The Seminary has reviewed our procedures to prevent future late returns of Title IV funds. The return of Title IV funds was resolved as June 30, 2024. The Seminary is continuing to review our processes for the return of Title IV funds. We have established procedures to notify the person(s) responsible for calculating if a reunds needs to be made and another person to oversee the process, review the calculation and make sure the funds are returned in a timely manner.
FAC accepted this audit on February 5, 2024 — management decision was due August 5, 2024.
FAC accepted this audit on January 23, 2023 — management decision was due July 23, 2023.
FAC accepted this audit on February 1, 2022 — management decision was due August 1, 2022.
FAC accepted this audit on February 1, 2021 — management decision was due August 1, 2021.
FAC accepted this audit on October 17, 2019 — management decision was due April 17, 2020.
FAC accepted this audit on January 30, 2019 — management decision was due July 30, 2019.
FAC accepted this audit on March 4, 2018 — management decision was due September 4, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on August 22, 2017 — management decision was due February 22, 2018.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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