2022-05-11T06:54:14-05:00 2021-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2020-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2022-05-10 1 GLENN HAMILTON 999009999 ALLISON C CARTER P01242412 8592552341 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ASBURY UNIVERSITY KEVIN BROWN 1 MACKLEM DRIVE WILMORE KY 40390 78941225 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. 21 21 1217 67 23236 0 5530062 23676626 44632533 43689774 1771641 4639836 674306 1004397 52608542 73010633 17482653 17716622 0 0 22540681 22892537 0 0 1199607 13510064 14050191 53533398 54659350 -924856 18351283 144144761 170047358 18513229 15044676 125631532 155002682 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 47770424 17716622 44518376 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 1,729 STUDENTS. 47770424 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 0 0 0 1 0 0 0 0 1 0 0 0 1 2187 0 1 1217 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 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 188516 0 26410 TIMOTHY WOOSTER PROVOST 40.00 X 128077 0 20549 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS & TREASURER 40.00 X 99666 0 44633 DR MARK J TROYER VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 110240 0 21025 MARK WHITWORTH VP FOR INTERCOLLEGIATE ATHLETICS 40.00 X 110517 0 19903 DR SARAH B BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 86112 0 31572 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 REV DR DAVID BRAZELTON 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 LARRY W GREEN TRUSTEE 2.00 X 0 0 0 DEBORAH KAY BURRUS HAYDEN TRUSTEE 2.00 X 0 0 0 JAMIE C HIGDON TRUSTEE 2.00 X 0 0 0 MARGARET G KIM 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 LT COL 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 STEVEN K TOADVINE TRUSTEE 2.00 X 0 0 0 DR ROBERT F WILEY JR TRUSTEE 2.00 X 0 0 0 723128 0 164092 7 0 1 0 D W WILBURN INC 153 BLUE SKY PARKWAY LEXINGTON KY 40509 CONTRACTOR 3281235 PIONEER COLLEGE CATERERS BOARDERS ACCOUNT CPO ASBURY UNIVER WILMORE KY 40390 CATERER 1981463 CARNEGIE DARTLET LLC 210 LITTLETON RD SUITE 100 WESTFORD MA 01886 CONSULTANTS-MARKETING 535131 JARBOE CONSTRUCTION INC 1017 SOUTH BROADWAY LEXINGTON KY 40504 CONTRACTOR 350974 SHERMAN-CARTER-BARNHART ARCHITECTS 2405 HARRODSBURG ROAD LEXINGTON KY 40504 ARCHITECT 249383 9 6500836 17175790 608556 23676626 TUITION & FEES 611600 37188012 37188012 AUXILIARY INCOME 611710 6501762 6501762 43689774 1647358 1647358 217907 128480 89427 89427 89427 8708767 31632 5265038 482883 3443729 -451251 2992478 2992478 131775 54191 77584 77584 CONTRACTS & OTHER EXCHANGE TRANSA 900099 751018 751018 LUCE CENTER 713940 86368 23236 63132 837386 73010633 44518376 23236 4792395 17716622 17716622 853361 241345 612016 16828052 13674035 2485477 668540 244409 194202 38828 11379 3737261 2915422 652867 168972 1229454 941605 233830 54019 109537 109537 64747 64747 191594 191594 165331 115947 37547 11837 627014 358269 254281 14464 132525 72455 39319 20751 536288 415550 120738 1961563 1827965 130379 3219 382185 288550 62974 30661 30696 20263 10433 349809 279220 70589 3369644 2991548 378096 561957 476704 85253 OTHER 2203777 1877198 110814 215765 AUXILIARY SERVICES 2112174 2112174 STUDENT SERVICES 1251350 1251350 54659350 47770424 5689319 1199607 7421978 5256536 11829474 18662739 4432595 3525807 576219 583263 2081921 1957426 192132 222181 128838 178748 136304262 75063468 56737468 61240794 44424691 53526401 14774199 22051160 1545246 2842303 144144761 170047358 2463654 4251127 898519 772034 5892627 5583128 2929815 2971614 6328614 1466773 18513229 15044676 X 56501156 62901282 69130376 92101400 125631532 155002682 144144761 170047358 X 18351283 11099124 -79257 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 328511 X X X 0 55519136 3578492 15464909 867328 1366066 72329143 57411282 566231 51264 1325080 1184561 55519136 54786604 1505809 2804101 947687 737545 57411282 51476916 1329208 3186527 843525 362522 54786604 47791714 615848 4515539 931246 514939 51476916 0.15380 0.62950 0.21670 0 0 3006521 3006521 88535457 45745180 42790277 26521092 22838411 3682681 18241192 6479877 11761315 61240794 LIMITED PARTNERSHIPS 20514228 C RENTAL PROPERTY 1321000 C FARM AND SUBDIVISION 215932 C 22051160 HOUSING AND KEY DEPOSITS 14804 DEPOSITS HELD IN CUSTODY FOR OTHERS 449048 HEALTH PLAN RESERVE 140795 REFUNDABLE STUDENT LOANS 862126 1466773 66763560 11099124 -25066 11074058 55689502 191594 17129537 17321131 73010633 37392410 54191 54191 37338219 191594 17129537 17321131 54659350 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 -79,257. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 54,191. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 17,129,537. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 54,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 17,129,537. 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 0 0 INVESTMENTS 14127665 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 2705385 0 0 0 0 0 0 16833050 0 16833050 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 STUDENT AID/SCHOLARSHIPS 1390 17129537 STUDENT RELIEF FUND 1199 587085 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. AADDITIONAL CARES ACT FUNDING, UP TO A MAXIMUM OF $1000, WAS AVAILABLE TO THAT SAME STUDENT POPULATION WHO COMPLETED AN APPLICATION AND PROVIDED DOCUMENTATION OF FURTHER NEED. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR KEVIN BROWN PRESIDENT 188516 0 0 0 0 0 7800 0 18610 0 214926 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 3416872 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 DEPENDENTS OF OFFICERS DEPENDENTS OF OFFICERS 13370 TUITION WAIVER TUITION ASSISTANCE X 34 554445 FMV X HORSE 3 22500 FAIR MARKET VALUE X SIGNAGE 1 19720 FAIR MARKET VALUE X HORSE SUPPLIES 6 6680 FAIR MARKET VALUE X SUPPLIES 1 3486 FAIR MARKET VALUE X CAMERA EQUIPMENT 1 1725 FAIR MARKET VALUE 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 -79,257. 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