2024-05-09T14:48:51-05:00 2023-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2022-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2024-05-09 1 GLENN HAMILTON 999009999 0 ALLISON C CARTER P01242412 8592552341 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ASBURY UNIVERSITY KEVIN BROWN 1 MACKLEM DRIVE WILMORE KY 40390 74028708 0 X WWW.ASBURY.EDU X 1904 KY A CHRISTIAN LIBERAL ARTS UNIVERSITY COMMITTED TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, EQUIPPING STUDENTS FOR A LIFETIME OF LEARNING, LEADERSHIP, AND SERVICE. 22 22 1193 1304 54943 0 19443243 13474502 42299800 43561032 6266684 2695169 1378020 1955078 69387747 61685781 18753630 18743546 0 0 22024923 22080194 0 0 1500097 15568762 17808291 56347315 58632031 13040432 3053750 169761805 176637593 13867604 14748548 155894201 161889045 ASBURY UNIVERSITY EQUIPS STUDENTS, THROUGH ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, FOR LIFELONG LEARNING, LEADERSHIP, AND SERVICE TO THE PROFESSIONS, SOCIETY, THE FAMILY AND THE CHURCH, PREPARING THEM TO ENGAGE THEIR CULTURES AND ADVANCE THE CAUSE OF CHRIST WORLDWIDE. 0 0 51425691 18743546 45354817 ASBURY UNIVERSITY IS A CHRISTIAN LIBERAL ARTS UNIVERSITY. THE COLLEGE WAS FOUNDED IN 1890 AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS, THE NATIONAL ASSOCATION OF SCHOOLS OF MUSIC, AND THE TEACHER EDUCATION PROGRAM BY THE KENTUCKY DEPARTMENT OF EDUCATION. THE COLLEGE OPERATES A MAIN CAMPUS IN WILMORE, KY AND A VIRTUAL CAMPUS FOR ON-LINE LEARNING, PROVIDING EDUCATION FOR APPROXIMATELY 1,639 STUDENTS. 51425691 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 1 2243 0 1 1193 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 KY OR X UNIVERSITY PERSONNEL 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 DR KEVIN BROWN PRESIDENT 40.00 X 180394 0 28673 TIMOTHY WOOSTER PROVOST (PARTIAL YEAR) 40.00 X 136902 0 13449 DR MARK J TROYER VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 114825 0 31509 MARK WHITWORTH VP FOR INTERCOLLEGIATE ATHLETICS 40.00 X 118171 0 26688 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS 40.00 X 104064 0 28471 JENNIFER MCCHORD VP FOR ENROLLMENT MANAGEMENT 40.00 X 104453 0 9607 DR SARAH B BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 84618 0 25984 SHERRY POWERS PROVOST (PARTIAL YEAR) 40.00 X 18528 0 831 LARRY D BROWN BOARD CHAIR 4.00 X 0 0 0 TIMOTHY A SHELL VICE CHAIR 2.00 X 0 0 0 SARAH L LUCE SECRETARY 2.00 X 0 0 0 AARON P AMMERMAN TRUSTEE 2.00 X 0 0 0 LISA L AUSLEY TRUSTEE 2.00 X 0 0 0 RON BALL TRUSTEE 2.00 X 0 0 0 ELAINE A BERNIUS TRUSTEE 2.00 X 0 0 0 ANDREW J COLEMAN TRUSTEE 2.00 X 0 0 0 CE CROUSE JR TRUSTEE 2.00 X 0 0 0 CINDY-LOU DRUMMOND TRUSTEE 2.00 X 0 0 0 WALDON GARRISS TRUSTEE 2.00 X 0 0 0 JAMIE C HIGDON TRUSTEE 2.00 X 0 0 0 JANINE C JONES TRUSTEE 2.00 X 0 0 0 MARGARET G KIM TRUSTEE 2.00 X 0 0 0 ASHLEIGH LINDSAY-BEHNKE TRUSTEE 2.00 X 0 0 0 DELVIN J PIKES TRUSTEE 2.00 X 0 0 0 HON JOSEPH R PITTS TRUSTEE 2.00 X 0 0 0 NEAL R SCHULTZ TRUSTEE 2.00 X 0 0 0 RICHARD O SPEAKMAN TRUSTEE 2.00 X 0 0 0 JEFFREY E STRYKER TRUSTEE 2.00 X 0 0 0 COMMISSIONER E SUE SWANSON TRUSTEE 2.00 X 0 0 0 STEPHEN K TOADVINE TRUSTEE 2.00 X 0 0 0 861955 0 165212 6 0 1 0 RISING SUN DEVELOPING COMPANY 2555 PALUMBO DR STE 110 LEXINGTON KY 40509 CONSTRUCTION 4095649 D W WILBURN INC 153 BLUE SKY PARKWAY LEXINGTON KY 40509 CONSTRUCTION 3773689 PIONEER COLLEGE CATERERS CPO ASBURY UNIVERSITY WILMORE KY 40390 CATERER 2192380 CARNEGIE DARTLET LLC 210 LITTLETON RD SUITE 100 WESTFORD MA 01886 CONSULTANTS-MARKETING 616781 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 CONSULTANTS-FINANCIAL 487575 20 5875851 7598651 983010 13474502 TUITION & FEES 611600 36187759 36187759 AUXILIARY INCOME 611710 7373273 7373273 43561032 2333693 4900 2328793 63 63 176031 64844 111187 111187 111187 12451379 103597 12193500 0 257879 103597 361476 361476 172000 84583 87417 87417 CONTRACTS & OTHER EXCHANGE TRANSA 900099 1645065 1645065 LUCE CENTER 713940 111346 61303 50043 1756411 61685781 45354817 54943 2801519 18743546 18743546 1146983 318126 828857 16744639 13446037 2562838 735764 429802 403066 2252 24484 2529315 2311196 79279 138840 1229455 1087130 77969 64356 68954 68954 91578 91578 247396 247396 237832 165331 68440 4061 585586 399025 174888 11673 139993 84702 32085 23206 1191416 922440 219536 49440 4023530 3668912 186825 167793 864096 672473 121115 70508 57436 45097 12339 390174 268478 121696 3732003 3520318 211685 712648 560715 151933 AUXILIARY SERVICES 2495367 2495367 STUDENT SERVICES 1757093 1757093 OTHER 1213189 556639 446578 209972 58632031 51425691 5706243 1500097 6940207 5320699 7078659 4409503 3713226 2340649 1031389 569954 1765108 1533238 209627 225540 161140 151713 164948326 81478494 73946406 83469832 50187716 56141090 24081056 21501387 647271 973988 169761805 176637593 3536574 2565927 932090 725215 5261821 4928257 2869077 5028212 1268042 1500937 13867604 14748548 X 58707699 85107843 97186502 76781202 155894201 161889045 169761805 176637593 X 3053750 2927963 13131 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 732287 X X X 0 71102782 1664681 4941772 1168982 1579245 74961008 72329143 7214719 -5761261 543288 2136531 71102782 55519136 3578492 15464909 867328 1366066 72329143 57411282 566231 51264 1325080 1184561 55519136 54786604 1505809 2804101 947687 737545 57411282 0.13203 0.72352 0.14445 0 0 3150571 3150571 118219817 49873852 68345965 30836866 24411719 6425147 12741072 7192923 5548149 83469832 LIMITED PARTNERSHIPS 19500955 C RENTAL PROPERTY 1786743 C FARM AND SUBDIVISION 213689 C 21501387 HOUSING AND KEY DEPOSITS 11794 DEPOSITS HELD IN CUSTODY FOR OTHERS 431849 HEALTH PLAN RESERVE 107406 REFUNDABLE STUDENT LOANS 556911 OPERATING LEASE LIABILITY 79688 FINANCING LEASE LIABILITY 313289 1500937 45720516 2927963 97714 3025677 42694839 247396 18743546 18990942 61685781 39725672 84583 84583 39641089 247396 18743546 18990942 58632031 PART III, LINE 4: ARTWORK IS DISPLAYED FOR ENRICHMENT OF EDUCATIONAL EXPERIENCE. BOOKS, PAPERS, ETC. FROM THE WESLEY AND MACCLESFIELD COLLECTION ARE HELD IN ARCHIVES FOR EXHIBITION AND RESEARCH. PART V, LINE 4: ENDOWMENT CONSISTS OF APPROXIMATELY 400 INDIVIDUAL FUNDS, BOTH DONOR-RESTRICTED AND BOARD DESIGNATED. INCOME FROM THESE FUNDS ARE RESTRICTED OR DESIGNATED FOR THE PURPOSE OF PROVIDING FINANCIAL AID FOR STUDENTS (BOTH SCHOLARSHIPS AND STUDENT LOANS), AND SUPPORT OF INSTRUCTION, FACILITIES, AND OTHER PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 13,131. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 84,583. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 18,743,546. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 84,583. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 18,743,546. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BULLETIN AND SOLICITATION MATERIALS HAVE STATEMENTS REGARDING NONDISCRIMINATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID FOR STUDENTS FROM THE US DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 10655465 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 2867963 0 0 0 0 0 0 13523428 0 13523428 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 STUDENT AID/SCHOLARSHIPS 1210 18743546 PART I, LINE 2: STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR KEVIN BROWN PRESIDENT 180394 0 0 0 0 0 8875 0 19798 0 209067 0 0 0 TIMOTHY WOOSTER PROVOST (PARTIAL YEAR) 136902 0 0 0 0 0 8262 0 5187 0 150351 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - SPOUSAL TRAVEL IS REIMBURSED WHEN THERE IS A BUSINESS REASON FOR THE SPOUSE TO TRAVEL WITH THE OFFICER. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - THE PRESIDENT USES A UNIVERSITY OWNED CAR FOR COMMUTING AND OTHER NON-BUSINESS USE. A CITY OF WILMORE KY 616001932 2009-12-18 9000000 CONSTRUCTION OF CAMPUS FACILITIES 0 0 0 A 4071743 9000000 335931 9000000 2010 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 CHILD OF OFFICER OFFICER 9320 FINANCIAL ASSISTANCE TUITION WAIVER SPOUSE OF OFFICER OFFICER 4152 FINANCIAL ASSISTANCE RECIPROCAL TUITION WAIVER WITH ASBURY THEOLOGICAL SEMINARY JEFF STRYKER BOARD MEMBER 10919 CHIC FIL A CATERING 0 X 6 394845 FAIR MARKET VALUE X 1 931 FAIR MARKET VALUE X 10 283313 FAIR MARKET VALUE X 1 295000 FAIR MARKET VALUE X HORSE 1 5000 FAIR MARKET VALUE X OTHER 3 2121 FAIR MARKET VALUE X HORSE SUPPLIES 1 1800 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD DELEGATES THE REVIEW OF THE CORE FORM TO THE AUDIT COMMITTEE. MANAGEMENT REVIEWS THE RETURN WITH OUR INDEPENDENT ACCOUNTANTS BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE IS TO REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND IDENTIFY ANY EXISTING CONFLICTS, OR AFFIRM THAT THERE IS NO CONFLICT OF INTEREST. THE FORMS ARE SUBMITTED TO THE SECRETARY OF THE BOARD OF TRUSTEES. THE COMMITTEE ON GOVERNANCE AND TRUSTEE DEVELOPMENT HAS THE RESPONSIBILITY TO REVIEW AND MONITOR COMPLIANCE WITH THE PROCEDURE. THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES AND OFFICERS REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST TO THE EMPLOYEE'S SUPERVISOR, BUT DOES NOT REQUIRE ANNUAL DISCLOSURE AND AFFIRMATION. FORM 990, PART VI, SECTION B, LINE 15 CEO AND TOP MANAGEMENT OFFICIALS: COMPARATIVE DATA IS COMPILED BY THE HUMAN RESOURCES OFFICE AND SUPPLIED TO THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE PRESIDENTIAL COMPENSATION. OTHER OFFICERS OR KEY EMPLOYEES: ANNUAL COMPARATIVE SALARY SURVEYS ARE COMPILED ANNUALLY. BENCHMARKS FOR EACH OFFICER AND KEY EMPLOYEE HAVE BEEN ESTABLISHED BASED ON THIS COMPARATIVE DATA. THE PRESIDENT ESTABLISHES COMPENSATION FOR THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT IS AVAILABLE IN THE ADMINISTRATIVE POLICY MANUAL ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 13,131. FORM 990, PART XII, LINE 2C THE PROCESS FOR DETERMINING THE REVIEW AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER UNITRUST (1) BENEFICIAL TRUST KY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0