Totals
- Total revenue
- $130,719,861
- Total expenses
- $138,349,137
- Contributions and grants received
- $23,561,229
- Grants paid
- $28,251,302
- Program service revenue
- $103,626,937
- Investment income
- $3,761,841
- Other revenue
- -$230,146
- Total assets, end of year
- $305,829,555
- Total liabilities, end of year
- $97,211,174
- Net assets or fund balances, end of year
- $208,618,381
- Program services expenses (Part IX)
- $129,827,604
- Management and general expenses
- $5,764,617
- Fundraising expenses
- $2,756,916
- Program service expenses (Part III)
- $129,827,604
Program services were 93.8% 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.
-
1c · Fundraising events
$164,957
-
1d · Related organizations
$752,717
-
1e · Government grants (contributions)
$3,490,450
-
1f · All other contributions, gifts and grants
$19,153,105
-
1g · Noncash contributions included above
$289,865
-
2a · Program service revenue: TUITION & FEES
total $86,476,611 · related or exempt $86,476,611
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $17,150,326 · related or exempt $17,150,326
-
3 · Investment income
total $2,212,344 · unrelated business $20,187 · excluded $2,192,157
-
5 · Royalties
total $1,801 · excluded $1,801
-
7a · Gross sales of assets other than inventory
securities $19,361,348 · other assets $215,000
-
7b · Less cost or other basis and sales expenses
securities $17,981,078 · other assets $45,773
-
7c · Gain or loss
securities $1,380,270 · other assets $169,227
-
7d · Net gain or loss
total $1,549,497 · excluded $1,549,497
-
8a · Fundraising events: gross income
$75,985
-
8a · Fundraising events: contributions included on line 1c
$164,957
-
8b · Fundraising events: direct expenses
$189,438
-
8c · Net income from fundraising events
total -$113,453 · excluded -$113,453
-
10a · Gross sales of inventory
$5,175,078
-
10b · Cost of goods sold
$5,293,572
-
10c · Net income from sales of inventory
total -$118,494 · unrelated business $521,930 · excluded -$640,424
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $28,251,302 · program services $28,251,302
-
5 · Compensation of officers, directors and key employees
total $1,570,789 · program services $643,970 · management and general $659,069 · fundraising $267,750
-
7 · Other salaries and wages
total $48,829,043 · program services $45,732,124 · management and general $2,104,437 · fundraising $992,482
-
8 · Pension plan contributions
total $942,185 · program services $869,309 · management and general $52,700 · fundraising $20,176
-
9 · Other employee benefits
total $8,754,285 · program services $8,312,648 · management and general $308,372 · fundraising $133,265
-
10 · Payroll taxes
total $3,735,733 · program services $3,268,642 · management and general $397,360 · fundraising $69,731
-
11b · Fees: legal
total $201,679 · management and general $201,679
-
11c · Fees: accounting
total $181,712 · management and general $181,712
-
11e · Fees: professional fundraising services
total $455,564 · fundraising $455,564
-
11f · Fees: investment management
total $92,549 · management and general $92,549
-
11g · Fees: other
total $6,379,624 · program services $5,591,678 · management and general $379,758 · fundraising $408,188
-
12 · Advertising and promotion
total $4,644,306 · program services $4,595,278 · management and general $21,615 · fundraising $27,413
-
13 · Office expenses
total $4,262,269 · program services $3,768,392 · management and general $434,355 · fundraising $59,522
-
14 · Information technology
total $452,079 · program services $353,531 · management and general $51,274 · fundraising $47,274
-
16 · Occupancy
total $3,905,685 · program services $3,887,261 · management and general $18,424
-
17 · Travel
total $2,704,912 · program services $2,530,915 · management and general $29,174 · fundraising $144,823
-
19 · Conferences, conventions and meetings
total $84,608 · program services $70,428 · management and general $3,497 · fundraising $10,683
-
20 · Interest
total $3,683,146 · program services $3,683,146
-
22 · Depreciation, depletion and amortization
total $6,718,803 · program services $6,718,803
-
23 · Insurance
total $1,491,232 · program services $1,015,705 · management and general $475,527
-
24a · Other expenses: DOE - SEE SCHEDULE O
total $6,364,966 · program services $6,364,966 · management and general $0 · fundraising $0
-
24b · Other expenses: HOSPITALITY
total $1,207,015 · program services $1,073,615 · management and general $66,569 · fundraising $66,831
-
24c · Other expenses: INSTRUCTIONAL COST
total $464,006 · program services $464,006 · management and general $0 · fundraising $0
-
24d · Other expenses: BAD DEBT/COLLECTION
total $456,537 · program services $456,537 · management and general $0 · fundraising $0
-
24e · All other expenses
total $2,515,108 · program services $2,175,348 · management and general $286,546 · fundraising $53,214
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,446 · end of year $12,560
-
2 · Savings and temporary cash investments
beginning of year $49,098,675 · end of year $35,490,224
-
3 · Pledges and grants receivable
beginning of year $25,555,414 · end of year $12,781,914
-
4 · Accounts receivable
beginning of year $20,605,447 · end of year $24,188,894
-
7 · Other notes and loans receivable
beginning of year $1,433,596 · end of year $1,350,573
-
8 · Inventories for sale or use
beginning of year $584,151 · end of year $622,320
-
9 · Prepaid expenses and deferred charges
beginning of year $1,183,535 · end of year $1,176,181
-
10a · Land, buildings and equipment: cost or other basis
$301,056,159
-
10b · Land, buildings and equipment: accumulated depreciation
$138,398,395
-
10c · Land, buildings and equipment, net
beginning of year $150,002,824 · end of year $162,657,764
-
11 · Investments: publicly traded securities
beginning of year $57,616,763 · end of year $56,879,025
-
12 · Investments: other securities
beginning of year $3,474,162 · end of year $6,637,599
-
15 · Other assets
beginning of year $4,517,821 · end of year $4,032,501
-
17 · Accounts payable and accrued expenses
beginning of year $15,512,394 · end of year $19,552,873
-
19 · Deferred revenue
beginning of year $14,173,332 · end of year $14,361,291
-
20 · Tax-exempt bond liabilities
beginning of year $60,629,122 · end of year $59,342,291
-
23 · Secured mortgages and notes payable
beginning of year $244,549 · end of year $100,000
-
25 · Other liabilities
beginning of year $4,741,576 · end of year $3,854,719
-
27 · Net assets without donor restrictions
beginning of year $114,416,549 · end of year $121,289,783
-
28 · Net assets with donor restrictions
beginning of year $104,367,312 · end of year $87,328,598
Mission and programs · 2022
Mission
ASHLAND UNIVERSITY, GUIDED BY OUR CHRISTIAN HERITAGE, IS A COMPREHENSIVE, PRIVATE UNIVERSITY THAT PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE, SHAPING GRADUATES WHO WORK, SERVE AND LEAD WITH INTEGRITY IN THEIR LOCAL, NATIONAL, AND GLOBAL COMMUNITIES.
Activities or mission (Part I)
INSTITUTION OF HIGHER EDUCATION
-
ASHLAND UNIVERSITY OFFERS MORE THAN 70 DIFFERENT ACADEMIC PROGRAMS AT THE BACHELOR'S, MASTER'S, AND DOCTORATE LEVELS. THE ACADEMIC PROGRAMS ARE DIVERSE AND RICH IN OPPORTUNITIES FOR OUR STUDENTS. THE INTEGRATION OF THE LIBERAL ARTS AND CAREER DEVELOPMENT IS A MAJOR STRENGTH OF ASHLAND UNIVERSITY. THE UNIVERSITY CONSISTS OF THE COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS AND ECONOMICS, COLLEGE OF EDUCATION, COLLEGE OF NURSING AND HEALTH SCIENCES, EASHLAND AND ASHLAND THEOLOGICAL SEMINARY. THE ACADEMIC AFFAIRS DIVISION ALSO OVERSEES LIBRARY SERVICES, GLOBAL EDUCATION, AND ACADEMIC SUPPORT INCLUDING ADVISING AND TUTORING SERVICES.
Expenses $114,537,404 · Grants $27,890,338 · Revenue $86,476,611
-
THE UNIVERSITY'S AUXILIARY ENTERPRISE OPERATIONS EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO STUDENTS, FACULTY, AND STAFF. MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES, THE UNIVERSITY'S AUXILIARY ACTIVITIES CONSIST PRIMARILY OF HOUSING SERVICES, DINING SERVICES, CAMPUS STORES, COPY SERVICES, AND LAUNDRY SERVICES.
Expenses $15,290,200 · Grants $360,964 · Revenue $17,149,326
As filed on the 2022 return.
Listed in Part VII
-
James H HessJAMES H HESS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joyce LambJOYCE LAMB
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Steven ColeSTEVEN COLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Thomas MinnichTHOMAS MINNICH
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ronald B AlfordRONALD B ALFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert M ArcherROBERT M ARCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rich ArmentroutRICH ARMENTROUT
TRUSTEE (ENTER 5/23)
- Total calculated
- $0
- Hours/week
- 1
-
Rickey BoldenRICKEY BOLDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred B BroadFRED B BROAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David M BushDAVID M BUSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark E CampMARK E CAMP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel CoffeeDANIEL COFFEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John DenmanJOHN DENMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Reid FirestoneREID FIRESTONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David E GraetzDAVID E GRAETZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patricia M GravattPATRICIA M GRAVATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Neil GuptaNEIL GUPTA
TRUSTEE (EXIT 5/23)
- Total calculated
- $0
- Hours/week
- 1
-
Rebeccah HeinrichsREBECCAH HEINRICHS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Terry A HofeckerTERRY A HOFECKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr G Emery HurdDR G EMERY HURD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deborah L KarlDEBORAH L KARL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul E McKnightPAUL E MCKNIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred MillerFRED MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robyn C MinnearROBYN C MINNEAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dustin J NessDUSTIN J NESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James R SmailJAMES R SMAIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy L SolomonTIMOTHY L SOLOMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert G Ward IIROBERT G WARD II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott WilliamsSCOTT WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David H OverdorfDAVID H OVERDORF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Carlos CampoDR CARLOS CAMPO
PRESIDENT
- Total calculated
- $465,037
- From this org
- $423,781
- From related orgs
- $0
- Other
- $41,256
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $367,921
- Bonus
- $0
- Other
- $55,860
- Deferred
- $8,930
- Nontaxable benefits
- $32,326
- Filer's total
- $465,037
-
Amiel JarstferAMIEL JARSTFER
PROVOST
- Total calculated
- $201,035
- From this org
- $176,027
- From related orgs
- $0
- Other
- $25,008
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,206
- Bonus
- $0
- Other
- $821
- Deferred
- $4,050
- Nontaxable benefits
- $20,958
- Filer's total
- $201,035
-
Patrick Ewing Vp OfPATRICK EWING VP OF
FACILITIES MGMT & PLANNING
- Total calculated
- $232,197
- From this org
- $131,891
- From related orgs
- $0
- Other
- $100,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,591
- Bonus
- $0
- Other
- $300
- Deferred
- $4,101
- Nontaxable benefits
- $96,205
- Filer's total
- $232,197
-
Marc PasterisMARC PASTERIS
VP OF FINANCE & CFO
- Total calculated
- $202,980
- From this org
- $167,905
- From related orgs
- $0
- Other
- $35,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,100
- Bonus
- $0
- Other
- $805
- Deferred
- $4,422
- Nontaxable benefits
- $30,653
- Filer's total
- $202,980
-
Keith Ramsdell Vp OfKEITH RAMSDELL VP OF
ENROLLMENT MGMT & MARKETING
- Total calculated
- $170,194
- From this org
- $112,426
- From related orgs
- $0
- Other
- $57,768
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $112,178
- Bonus
- $0
- Other
- $248
- Deferred
- $2,400
- Nontaxable benefits
- $55,368
- Filer's total
- $170,194
-
Robert PoolROBERT POOL
VP OF STUDENT AFFAIRS
- Total calculated
- $174,732
- From this org
- $119,771
- From related orgs
- $0
- Other
- $54,961
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,512
- Bonus
- $0
- Other
- $259
- Deferred
- $3,091
- Nontaxable benefits
- $51,870
- Filer's total
- $174,732
-
John ByronJOHN BYRON
DEAN OF SEMINARY (EXIT 5/23)
- Total calculated
- $135,413
- From this org
- $109,639
- From related orgs
- $0
- Other
- $25,774
- Hours/week
- 40
-
Jeffrey Sikkenga ExecutiveJEFFREY SIKKENGA EXECUTIVE
DIRECTOR, ASHBROOK CENTER
- Total calculated
- $235,311
- From this org
- $197,124
- From related orgs
- $0
- Other
- $38,187
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,359
- Bonus
- $0
- Other
- $7,765
- Deferred
- $5,871
- Nontaxable benefits
- $32,316
- Filer's total
- $235,311
-
Sivakumar VenkataramanaySIVAKUMAR VENKATARAMANAY
PROFESSOR
- Total calculated
- $231,126
- From this org
- $195,856
- From related orgs
- $0
- Other
- $35,270
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,505
- Bonus
- $0
- Other
- $4,351
- Deferred
- $3,390
- Nontaxable benefits
- $31,880
- Filer's total
- $231,126
-
Robert StollROBERT STOLL
ASSOCIATE PROFESSOR
- Total calculated
- $198,398
- From this org
- $167,708
- From related orgs
- $0
- Other
- $30,690
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,201
- Bonus
- $0
- Other
- $507
- Deferred
- $2,930
- Nontaxable benefits
- $27,760
- Filer's total
- $198,398
-
Chad KiferCHAD KIFER
DIRECTOR, DEV & STRATEGIC PARTNERS
- Total calculated
- $189,845
- From this org
- $168,215
- From related orgs
- $0
- Other
- $21,630
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,958
- Bonus
- $0
- Other
- $257
- Deferred
- $3,329
- Nontaxable benefits
- $18,301
- Filer's total
- $189,845
-
Amy KlingerAMY KLINGER
PROFESSOR
- Total calculated
- $178,529
- From this org
- $164,733
- From related orgs
- $0
- Other
- $13,796
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,503
- Bonus
- $0
- Other
- $230
- Deferred
- $2,033
- Nontaxable benefits
- $11,763
- Filer's total
- $178,529
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- HOUSING ALLOWANCES WERE PROVIDED FOR THE PRESIDENT AND ASHBROOK EXECUTIVE DIRECTOR AND WERE INCLUDED IN THEIR TAXABLE COMPENSATION.
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.
-
501(C)(3) · PROVIDES SUPPORT TO THE ASHBROOK CENTER · OH
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
T · SEE PART VII FOR PRIMARY ACTIVITY · OH · 100% owned
-
ASHLAND THEOLOGICAL SEMINARY FOUNDATION
C · PROVIDES SUPPORT TO ASHLAND THEOLOGICAL SEMINARY · OH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431069349301623
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.