Totals
- Total revenue
- $13,838,904
- Total expenses
- $5,292,487
- Contributions and grants received
- $13,282,998
- Grants paid
- $4,057,700
- Program service revenue
- $0
- Investment income
- $555,906
- Other revenue
- $0
- Total assets, end of year
- $25,893,420
- Total liabilities, end of year
- $5,931,545
- Net assets or fund balances, end of year
- $19,961,875
- Program services expenses (Part IX)
- $4,362,350
- Management and general expenses
- $326,183
- Fundraising expenses
- $603,954
- Program service expenses (Part III)
- $4,362,350
Program services were 82.4% 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)
$640,598
-
1f · All other contributions, gifts and grants
$12,642,400
-
1g · Noncash contributions included above
$475,402
-
3 · Investment income
total $580,649 · excluded $580,649
-
7a · Gross sales of assets other than inventory
securities $1,266,286
-
7b · Less cost or other basis and sales expenses
securities $1,291,029
-
7c · Gain or loss
securities -$24,743
-
7d · Net gain or loss
total -$24,743 · excluded -$24,743
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $4,057,700 · program services $4,057,700
-
5 · Compensation of officers, directors and key employees
total $261,676 · program services $105,683 · management and general $52,335 · fundraising $103,658
-
7 · Other salaries and wages
total $397,975 · program services $51,554 · management and general $107,309 · fundraising $239,112
-
8 · Pension plan contributions
total $20,501 · program services $3,320 · management and general $4,917 · fundraising $12,264
-
9 · Other employee benefits
total $20,066 · program services $2,986 · management and general $7,533 · fundraising $9,547
-
10 · Payroll taxes
total $54,479 · program services $13,917 · management and general $13,325 · fundraising $27,237
-
11b · Fees: legal
total $3,836 · program services $336 · management and general $3,500
-
11c · Fees: accounting
total $59,200 · management and general $59,200
-
11g · Fees: other
total $195,504 · program services $38,779 · management and general $40,386 · fundraising $116,339
-
13 · Office expenses
total $34,349 · program services $6,909 · management and general $4,912 · fundraising $22,528
-
16 · Occupancy
total $33,170 · program services $7,907 · management and general $8,132 · fundraising $17,131
-
17 · Travel
total $74,733 · program services $26,825 · management and general $10,090 · fundraising $37,818
-
20 · Interest
total $36,308 · program services $36,308
-
23 · Insurance
total $9,796 · program services $4,037 · management and general $2,543 · fundraising $3,216
-
24a · Other expenses: EQUIPMENT
total $19,337 · program services $4,490 · management and general $8,739 · fundraising $6,108
-
24b · Other expenses: RESEARCH/FEES
total $13,857 · program services $1,599 · management and general $3,262 · fundraising $8,996
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $122,881 · end of year $144,789
-
2 · Savings and temporary cash investments
beginning of year $3,612,221 · end of year $4,963,481
-
3 · Pledges and grants receivable
beginning of year $2,019,789 · end of year $3,077,472
-
7 · Other notes and loans receivable
beginning of year $845,318 · end of year $752,900
-
9 · Prepaid expenses and deferred charges
beginning of year $78,201 · end of year $81,630
-
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 $8,623,048 · end of year $16,819,260
-
15 · Other assets
beginning of year $59,717 · end of year $53,888
-
17 · Accounts payable and accrued expenses
beginning of year $68,752 · end of year $59,748
-
19 · Deferred revenue
beginning of year $80,300 · end of year $256,233
-
21 · Escrow or custodial account liability
beginning of year $3,468,574 · end of year $4,846,894
-
22 · Loans and payables to officers and key people
beginning of year $684,615 · end of year $603,846
-
23 · Secured mortgages and notes payable
beginning of year $179,105 · end of year $164,824
-
27 · Net assets without donor restrictions
beginning of year $3,530,781 · end of year $3,841,329
-
28 · Net assets with donor restrictions
beginning of year $7,349,048 · end of year $16,120,546
Mission and programs · 2023
Mission
ASHESI UNIVERSITY FOUNDATION PROVIDES SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. OUR MISSION IS TO ADVANCE THE EDUCATION OF ETHICAL, ENTREPRENEURIAL LEADERS WHO WILL BUILD A FLOURISHING AFRICA WHERE ALL PEOPLE CAN ACHIEVE THEIR FULL POTENTIAL. ASHESI UNIVERSITY FOUNDATION HAS PROVIDED SUPPORT TO ASHESI UNIVERSITY IN GHANA. SINCE INCEPTION, ASHESI UNIVERSITY HAS OFFERED YOUNG AFRICANS A HIGH-QUALITY EDUCATION THAT FOSTERS ETHICS, INNOVATION, AND ENTREPRENEURSHIP AND IS A GROWING HUB FOR GLOBAL COLLABORATIONS, EDUCATION, THOUGHT LEADERSHIP, AND ENTREPRENEURIAL VENTURES. THE UNIVERSITY IS ALSO BECOMING AN INFLUENCER IN AFRICA'S HIGHER EDUCATION LANDSCAPE, BUILDING A PLATFORM OF COLLABORATION THAT IS BRINGING THE CONTINENT'S UNIVERSITIES TOGETHER FOR SHARED IMPACT.
Activities or mission (Part I)
TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA.
-
CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S (ASHESI) GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES.
Expenses $1,773,555 · Grants $1,647,799
-
SCHOLARSHIPS: AS ASHESI GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 54% OF ASHESI'S STUDENTS RECEIVED FINANCIAL AID, FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS.
Expenses $1,768,578 · Grants $1,679,131
-
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 INITIATIVES AND PRIORITIES.
Expenses $820,217 · Grants $730,770
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
PATRICK AWUAH
FOUNDATION PRESIDENT
- Total calculated
- $125,775
- From this org
- $106,227
- From related orgs
- $0
- Other
- $19,548
- Hours/week
- 20 + 0.5 related
-
LISA NORTON-MOTULSKY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
CONRAD GEHRMANN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
CHARLES AGYEMAN
ALUMNI DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
REGGIE BROWN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
PEGGY CLARK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
APRILE AGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ABE ANKUMAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
YAW ASARE-ABOAGYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KOFI BONNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NEIL COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EMER DOOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
ISAAC FOKUO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT KUCIREK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NINA MARINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TANYA MASIYIWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEWIS ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL RUNDE
DIRECTOR (THRU 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
RUTH WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TODD WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOANNA BARGERON
VICE PRESIDENT
- Total calculated
- $135,901
- From this org
- $119,490
- From related orgs
- $0
- Other
- $16,411
- 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.
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 FOUNDATION CANADA
CANADIAN NON-PROFIT · PROVIDE SUPPORT FOR HIGHER EDUCATION IN AFRICA: FUNDING SCHOLARSHIPS; ENABLI · CA · controlled entity
Directly controlled by ASHESI UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402959349301140
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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