Skip to content
Nonprofiteer
← ASBURY THEOLOGICAL SEMINARY

Form 990 for tax year 2022

Filed by ASBURY THEOLOGICAL SEMINARY.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 9 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$38,815,722 changed to $31,582,136
Management and general expenses
$0 changed to $5,767,306
Fundraising expenses
$0 changed to $1,466,280
Program service expenses (Part III)
$38,815,722 changed to $31,582,136

Totals

Total revenue
$34,624,370
Total expenses
$38,815,722
Contributions and grants received
$9,109,675
Grants paid
$9,337,717
Program service revenue
$22,632,574
Investment income
$2,882,121
Other revenue
$0
Total assets, end of year
$359,303,307
Total liabilities, end of year
$4,368,993
Net assets or fund balances, end of year
$354,934,314
Program services expenses (Part IX)
$38,815,722
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$38,815,722

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Timothy C Tennent

    President

    Total calculated
    $314,133
    From this org
    $314,133
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,633
    Bonus
    $50,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $63,205
    Filer's total
    $377,338

  • Jay Mansur

    Vice President

    Total calculated
    $194,323
    From this org
    $194,323
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,823
    Bonus
    $1,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,180
    Filer's total
    $204,503

  • Bryan P Blankenship

    Vice President & Treasurer

    Total calculated
    $153,368
    From this org
    $153,368
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,868
    Bonus
    $1,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,132
    Filer's total
    $166,500

  • Kevin Bish

    Vice President

    Total calculated
    $152,447
    From this org
    $152,447
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,947
    Bonus
    $1,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,053
    Filer's total
    $160,500

  • Gregg Okesson

    Vice President

    Total calculated
    $148,237
    From this org
    $148,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,737
    Bonus
    $500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,597
    Filer's total
    $156,834

  • Thomas McCall

    Faculty

    Total calculated
    $122,750
    From this org
    $122,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stephen Stratton

    Faculty

    Total calculated
    $105,466
    From this org
    $105,466
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rurel Ausley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul Baddour

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Randall Birdwell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Debra McKenna Blews

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael W Burkhart

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dale S Ditto

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nancy L Boortz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sherree Funk

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ricardo Gomez

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David R Goodnight

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Harris

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • J Anthony Holifield

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andy Hurst

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anna Jackson

    Trustee & Secretary

    Total calculated
    $0
    Hours/week
    1

  • Joe Kilpatrick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joan Krupa

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott Lees

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • E Dale Locke

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joao Carlos Lopes

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John McNairy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven G W Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kyle Ray

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jerald W Russell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles Savage II

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Prabhu Singh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Helen Rhea Stumbo

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karen Thomas

    Trustee - Chair

    Total calculated
    $0
    Hours/week
    1

  • Amy Wasserbauer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Werlein

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Linda Adams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Dunn

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Elliott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elaine Friedrich

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Olshine

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Raglin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jill Brue

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • P Lowell Haines

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg Spillyards

    Trustee

    Total calculated
    $0
    Hours/week
    1

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 · Travel for companions
  • 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 · Compensation survey or study
  • 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)

Schedule J, Part I, Line 1a
The board of trustees approves the president's spouse salary and travel to assist in hospitality services. In addition, as a condition of employment and for convenience of the Seminary, the president is required to maintain housing at Rose Hill, the school owned home for the president. This condition is required so that the president and his wife can use the house for hospitality events involving Seminary guests. In addition, Rose Hill is used on occasion to house overnight guests of the Seminary. In exchange for this relationship, the use of Rose Hill as a residence is provided as a non-taxable fringe benefit for as long as this arrangement meets the requirements of the Internal Revenue Service

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202441249349302074

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.