2022-11-14T09:56:40-06:00 2021-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2021-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1201 3RD AVE 2200 SEATTLE WA 98101 LISA NORTON SECRETARY 2065456988 2022-11-11 1 LISA NORTON 999009999 HOWARD DONKIN CPA P00147726 2066288990 2022-10-17 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PATRICK AWUAH 1201 3RD AVE 2200 SEATTLE WA 98101 10413157 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 17 16 6 28 0 0 5067093 4055275 0 0 68174 83057 417 6687 5135684 4145019 3118881 3719074 0 0 402665 517967 0 0 371994 241262 352843 3762808 4589884 1372876 -444865 10242693 12782442 1098607 3954083 9144086 8828359 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 2006135 1891879 CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES. 1211603 1123295 SCHOLARSHIPS: AS ASHESI UNIVERSITY GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 44% OF ASHESI UNIVERSITY'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 792207 703900 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 NEW INITIATIVES AND PARTNERSHIPS. THIS CATEGORY OF SUPPORT ALSO INCLUDES GRANTS FOR NEW PROGRAMS OR OPERATIONAL EXPENSES THAT ARE DESIGNED TO BE SELF-FUNDING THROUGH STUDENT TUITION BUT REQUIRE BRIDGE FUNDING DURING A DEFINED PERIOD OF GROWTH IN THE STUDENT POPULATION. 4009945 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X JOANNA BARGERON 2065456988 1201 3RD AVE 2200 SEATTLE WA 98101 PATRICK AWUAH FOUNDATION PRESIDENT 20.00 20.00 X X 70000 69000 24150 JOANNA BARGERON FOUNDATION VICE PRESIDENT 40.00 0.00 X 99000 0 13723 REGGIE BROWN CHAIR 2.00 0.00 X X 0 0 0 PEGGY CLARK VICE CHAIR 2.00 0.00 X X 0 0 0 SCOTT KUCIREK TREASURER 2.00 0.00 X X 0 0 0 LISA NORTON SECRETARY 2.00 0.00 X X 0 0 0 APRILE AGE TRUSTEE 1.00 0.00 X 0 0 0 CHARLES AGYEMAN TRUSTEE 1.00 0.00 X 0 0 0 YAW ASARE-ABOAGYE TRUSTEE 1.00 0.00 X 0 0 0 KOFI BONNER TRUSTEE 1.00 0.00 X 0 0 0 NEIL COLLINS TRUSTEE 1.00 0.00 X 0 0 0 EMER DOOLEY TRUSTEE 2.00 0.00 X 0 0 0 ISAAC FOKUO TRUSTEE 1.00 0.00 X 0 0 0 CONRAD GEHRMANN TRUSTEE 2.00 0.00 X 0 0 0 NINA MARINI TRUSTEE 1.00 0.00 X 0 0 0 TANYA MASIYIWA TRUSTEE 1.00 0.00 X 0 0 0 DANIEL RUNDE TRUSTEE 1.00 0.00 X 0 0 0 RUTH WARREN TRUSTEE 1.00 0.00 X 0 0 0 TODD WARREN TRUSTEE 1.00 0.00 X 0 0 0 169000 69000 37873 0 0 1 0 JODIE MINER 3515 BURKE AVE N SEATTLE WA 98103 MAJOR GIFTS CONSULTING 126000 1 625203 3430072 397245 4055275 83424 83424 6267771 6268138 -367 -367 -367 RECOVERY OF UNCOLLECTIBLE PLEDGES 900099 6687 6687 6687 4145019 0 0 89744 3719074 3719074 220933 90504 44187 86242 239150 53763 72814 112573 15361 3434 4939 6988 21807 5064 8208 8535 20716 4656 6377 9683 52644 52644 40986 40986 141190 31925 14765 94500 19797 3879 2201 13717 29115 8794 7548 12773 17509 3760 30 13719 25949 25949 8398 3957 2298 2143 RESEARCH FEES 10458 892 1040 8526 EQUIPMENT EXPENSES 6797 1650 2552 2595 4589884 4009945 207945 371994 X 218136 91538 4315283 3079246 1788246 1136626 1007836 935860 8627 9972 12850 12850 0 0 2852700 7497969 51865 31231 10242693 12782442 71398 64243 846153 765384 181056 191095 0 2933361 1098607 3954083 X 4143920 2951111 5000166 5877248 9144086 8828359 10242693 12782442 X -444865 134230 -5092 X X 0 1 X 1 1 1 X 4564036 2762472 3013872 5067093 4055275 19462748 4564036 2762472 3013872 5067093 4055275 19462748 3971183 15491565 87357 108073 128829 37776 83424 445459 -10476 11658 1720 417 6687 10006 19918213 0.77780 0.71720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1315252 640000 157771 37011 2076012 1040971 165000 131859 22578 1315252 826133 120000 103852 9014 1040971 405563 450000 -20535 8895 826133 234522 150000 22041 1000 405563 0.00000 0.34000 0.66000 0 0 12850 12850 0 0 FUNDS HELD FOR BENEFIT OF ASHESI UNIVERSITY 2933361 2933361 4340158 134230 17500 43409 195139 4145019 0 4145019 4655885 17500 48501 66001 4589884 0 4589884 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT ASHESI UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: DISCOUNT ON INTEREST HOUSING LOAN UNIVERSITY 43,409. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 48,501. 1 SUB-SAHARAN AFRICA 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION/PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, SCHOLARSHIPS, AND PROGRAM SUPPORT 3719074 1 0 0 0 1 0 3719074 0 3719074 SUB-SAHARAN AFRICA NEW CAMPUS CONSTRUCTION 1891879 WIRE TRANSFER 0 SUB-SAHARAN AFRICA SCHOLARSHIPS 1123295 WIRE TRANSFER 0 SUB-SAHARAN AFRICA PROGRAM SUPPORT 703900 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART I, LINE 2: FOUNDATION'S BOARD MEETS BIANNUALLY WITH THE BOARD OF ITS SUBRECIPIENT, ASHESI UNIVERSITY; CAPITAL PROJECTS ARE VISUALLY INSPECTED BY STAFF ON ANNUAL VISITS TO GHANA (NOTE IN 2021, DUE TO COVID-19, SITE VISITS DID NOT OCCUR); DOCUMENTATION TO SUPPORT EXPENDITURE OF GRANT FUNDS ARE REVIEWED REGULARLY BY FOUNDATION STAFF, AS REQUIRED BY INDIVIDUAL AWARD AGREEMENTS; STAFF RECEIVES REGULAR UNIVERSITY OPERATIONS UPDATES DURING MEETINGS WITH UNIVERSITY EXECUTIVE LEADERSHIP. PART III ACCOUNTING METHOD: X 0 0 0 0 0 0 0 0 0 PATRICK AWUAH FOUNDATION PRESIDENT 70000 69000 0 0 0 0 5250 0 18900 0 94150 69000 0 0 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 384615 0 1 1 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 346154 0 1 1 CONRAD GEHRMANN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 50000 34615 0 1 1 765384 X 11 397245 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 TODD WARREN, TRUSTEE, AND RUTH WARREN, TRUSTEE, ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY SENIOR STAFF MEMBERS BEFORE SENDING TO THE FINANCE COMMITTEE FOR REVIEW. UPON COMPLETION OF REVIEW AND RECONCILIATION TO THE AUDITED FINANCIALS, THE FINANCE COMMITTEE RECOMMENDS APPROVAL TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW TRUSTEES ARE REQUIRED TO REVIEW AND SIGN THE POLICY. THE GOVERNANCE COMMITTEE REVIEWS ALL POLICIES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS REVIEWED PERIODICALLY BY THE BOARD OF TRUSTEES. THE PRESIDENT IS NOT PRESENT WHILE THE COMPENSATION IS BEING DISCUSSED. SALARIES OF US FOUNDATION PRESIDENTS AND GHANA UNIVERSITY CEOS ARE CONSIDERED WHEN EVALUATING COMPENSATION. CHANGES TO THE COMPENSATION PACKAGE ARE APPROVED BY A VOTE OF THE BOARD. THE COMPENSATION FOR OTHER KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE FOUNDATION BOARD CHAIR AND VICE PRESIDENT. ARCHBRIGHT SALARY SURVEY DATA IS USED FOR COMPARABILITY DATA FOR SIMILAR NON PROFIT POSITIONS. COMPENSATION CHANGES ARE REVIEWED BY THE BOARD CHAIR AND ANNUALLY, THE COMPENSATION IS APPROVED BY THE VOTE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL STAFF MEMBERS HAVE ACCESS TO THE POLICY DOCUMENTS. ASHESI UNIVERSITY FOUNDATION PUBLISHES YEARLY ANNUAL REPORTS WHICH INCLUDE SUMMARY INFORMATION FROM THE AUDITED FINANCIAL REPORTS. THE ANNUAL REPORTS AND THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. ASHESI'S 990'S ARE AVAILABLE ON GUIDESTAR'S WEBSITE. FORM 990, PART XI, LINE 9: IN-KIND DISCOUNT HOUSING LOAN -5,092. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE IN THE AUDIT COMMITTEE PROCESS. ASHESI UNIVERSITY 1 UNIVERSITY AVE BEREKUSO ACCRA GH UNIVERSITY GH FOREIGN NON PROFIT 0 ASHESI UNIVERSITY FOUNDATION CANADA 60 MCDOUGALL RD WATERLOO ONTARIO CA SUPPORT ASHESI UNIVERSITY CA FOREIGN NON PROFIT 0 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 ASHESI UNIVERSITY COLLEGE B 3719074 CASH ASHESI UNIVERSITY COLLEGE D 1500000 CASH