Totals
- Total revenue
- $6,199,311
- Total expenses
- $3,619,585
- Contributions and grants received
- $6,011,519
- Grants paid
- $2,619,969
- Program service revenue
- $0
- Investment income
- $197,280
- Other revenue
- -$9,488
- Total assets, end of year
- $15,361,175
- Total liabilities, end of year
- $4,481,346
- Net assets or fund balances, end of year
- $10,879,829
- Program services expenses (Part IX)
- $2,892,185
- Management and general expenses
- $259,545
- Fundraising expenses
- $467,855
- Program service expenses (Part III)
- $2,892,185
Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$101,180
-
1f · All other contributions, gifts and grants
$5,910,339
-
1g · Noncash contributions included above
$687,206
-
3 · Investment income
total $178,966 · excluded $178,966
-
7a · Gross sales of assets other than inventory
securities $203,402
-
7b · Less cost or other basis and sales expenses
securities $185,088
-
7c · Gain or loss
securities $18,314
-
7d · Net gain or loss
total $18,314 · excluded $18,314
-
11a · Other revenue: RECOVERY OF UNCOLLECTI
total -$9,488 · excluded -$9,488
-
11e · Other revenue, total
-$9,488
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $2,619,969 · program services $2,619,969
-
5 · Compensation of officers, directors and key employees
total $248,390 · program services $100,384 · management and general $48,109 · fundraising $99,897
-
7 · Other salaries and wages
total $259,570 · program services $30,251 · management and general $90,357 · fundraising $138,962
-
8 · Pension plan contributions
total $20,358 · program services $3,857 · management and general $6,092 · fundraising $10,409
-
9 · Other employee benefits
total $36,992 · program services $8,123 · management and general $11,857 · fundraising $17,012
-
10 · Payroll taxes
total $26,250 · program services $5,119 · management and general $8,175 · fundraising $12,956
-
11b · Fees: legal
total $11,722 · program services $11,722
-
11c · Fees: accounting
total $48,270 · management and general $48,270
-
11g · Fees: other
total $176,085 · program services $36,340 · management and general $18,870 · fundraising $120,875
-
13 · Office expenses
total $26,889 · program services $5,959 · management and general $5,488 · fundraising $15,442
-
16 · Occupancy
total $29,584 · program services $8,284 · management and general $7,691 · fundraising $13,609
-
17 · Travel
total $43,409 · program services $12,279 · management and general $5,504 · fundraising $25,626
-
20 · Interest
total $41,077 · program services $41,077
-
23 · Insurance
total $8,815 · program services $4,009 · management and general $2,412 · fundraising $2,394
-
24a · Other expenses: EQUIPMENT EXPENSES
total $12,032 · program services $3,353 · management and general $5,088 · fundraising $3,591
-
24b · Other expenses: RESEARCH FEES
total $10,173 · program services $1,459 · management and general $1,632 · fundraising $7,082
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $91,538 · end of year $122,881
-
2 · Savings and temporary cash investments
beginning of year $3,079,246 · end of year $3,612,221
-
3 · Pledges and grants receivable
beginning of year $1,136,626 · end of year $2,019,789
-
7 · Other notes and loans receivable
beginning of year $935,860 · end of year $845,318
-
9 · Prepaid expenses and deferred charges
beginning of year $9,972 · end of year $78,201
-
10a · Land, buildings and equipment: cost or other basis
$12,850
-
10b · Land, buildings and equipment: accumulated depreciation
$12,850
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $7,497,969 · end of year $8,623,048
-
15 · Other assets
beginning of year $31,231 · end of year $59,717
-
17 · Accounts payable and accrued expenses
beginning of year $64,243 · end of year $68,752
-
19 · Deferred revenue
end of year $80,300
-
22 · Loans and payables to officers and key people
beginning of year $765,384 · end of year $684,615
-
23 · Secured mortgages and notes payable
beginning of year $191,095 · end of year $179,105
-
25 · Other liabilities
beginning of year $2,933,361 · end of year $3,468,574
-
27 · Net assets without donor restrictions
beginning of year $2,951,111 · end of year $3,530,781
-
28 · Net assets with donor restrictions
beginning of year $5,877,248 · end of year $7,349,048
Mission and programs · 2022
Mission
TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA.
-
SCHOLARSHIPS: AS ASHESI UNIVERSITY GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 46% OF ASHESI UNIVERSITY'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS.
Expenses $1,234,087 · Grants $1,157,040
-
CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES.
Expenses $1,088,101 · Grants $969,979
-
PROGRAM GROWTH: TO PROVIDE STUDENTS WITH THE HIGHEST QUALITY EDUCATION, WE ARE RAISING FUNDS TO INVEST IN FACULTY DEVELOPMENT, RESEARCH, THE EDUCATION COLLABORATIVE AND OTHER NEW INITIATIVES AND PARTNERSHIPS.
Expenses $569,997 · Grants $492,950
As filed on the 2022 return.
Listed in Part VII
-
PATRICK AWUAH
FOUNDATION PRESIDENT
- Total calculated
- $156,162
- From this org
- $71,167
- From related orgs
- $62,400
- Other
- $22,595
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $70,000 + $62,400 related
- Bonus
- $1,167
- Other
- $0
- Deferred
- $5,338
- Nontaxable benefits
- $17,257
- Filer's total
- $93,762 + $62,400 related
-
REGGIE BROWN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
PEGGY CLARK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT KUCIREK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
LISA NORTON-MOTULSKY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
APRILE AGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES AGYEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
YAW ASARE-ABOAGYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KOFI BONNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NEIL COLLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EMER DOOLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ISAAC FOKUO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CONRAD GEHRMANN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
NINA MARINI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TANYA MASIYIWA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL RUNDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RUTH WARREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TODD WARREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOANNA BARGERON
FOUNDATION VICE PRESIDENT
- Total calculated
- $131,115
- From this org
- $115,733
- From related orgs
- $0
- Other
- $15,382
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ASHESI UNIVERSITY
FOREIGN NON PROFIT · UNIVERSITY · GH
-
ASHESI UNIVERSITY FOUNDATION CANADA
FOREIGN NON PROFIT · SUPPORT ASHESI UNIVERSITY · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343049349302724
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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