Totals
- Total revenue
- $1,147,355
- Total expenses
- $2,537,020
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,147,355
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,909,984
- Total liabilities, end of year
- $25,202,721
- Net assets or fund balances, end of year
- -$21,292,737
- Program services expenses (Part IX)
- $2,535,370
- Management and general expenses
- $1,650
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,535,370
Program services were 99.9% 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.
-
2a · Program service revenue: LIFE INSURANCE PROCEEDS
total $1,147,355 · related or exempt $1,147,355
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $1,650 · management and general $1,650
-
13 · Office expenses
total $873 · program services $873
-
20 · Interest
total $492,327 · program services $492,327
-
23 · Insurance
total $1,719,316 · program services $1,719,316
-
24a · Other expenses: CHANGE IN VALUE
total $322,504 · program services $322,504
-
24b · Other expenses: OHIO CHARITABLE FEE
total $200 · program services $200
-
24c · Other expenses: MISCELLANEOUS
total $150 · program services $150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,347 · end of year $170,398
-
15 · Other assets
beginning of year $4,062,089 · end of year $3,739,586
-
25 · Other liabilities
beginning of year $24,023,508 · end of year $25,202,721
-
27 · Net assets without donor restrictions
beginning of year -$19,903,072 · end of year -$21,292,737
Mission and programs · 2022
Mission
THE TRUST WILL ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES FOCUSED ON SUPPORTING THE MISSION AND ENDOWMENT OF ASHLAND UNIVERSITY. ASHLAND UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION THAT OFFERS UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREE PROGRAMS. THE TRUST WILL FURTHER ITS EXEMPT PURPOSE BY ACTING PRIMARILY AS A GRANT-MAKING ORGANIZATION PROVIDING FUNDS TO ASHLAND UNIVERSITY.
-
THE TRUST WILL FURTHER ITS EXEMPT PURPOSE BY ACTING PRIMARILY AS A GRANT- MAKING ORGANIZATION PROVIDING FUNDS TO ASHLAND UNIVERSITY.
Expenses $2,535,370 · Revenue $1,147,355
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa ArmstrongLISA ARMSTRONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.9
-
Thomas PickeringTHOMAS PICKERING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.9
-
Rick SprengRICK SPRENG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.23
-
John A VanosdallJOHN A VANOSDALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.23
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333139349302838
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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