2021-05-13T16:20:22-05:00 2020-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2019-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2021-05-10 1 ALLISON C CARTER P01242412 8592552341 2019 2022-09-23 18:48:47Z ASBURY UNIVERSITY KEVIN BROWN 1 MACKLEM DRIVE WILMORE KY 40390 52994662 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 1357 21 28544 0 8688164 5530062 45816516 44632533 2443638 1771641 900281 674306 57848599 52608542 16100192 17482653 0 0 23387790 22540681 0 0 985276 14692226 13510064 54180208 53533398 3668391 -924856 142043154 144144761 14201042 18513229 127842112 125631532 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 47473134 17482653 45140769 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 1,621 STUDENTS. 47473134 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 1 0 0 0 1 0 0 0 1 2368 0 1 1357 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 SANDRA GRAY PRESIDENT (UNTIL 7/1/2019) 40.00 X 158481 0 32885 DR KEVIN BROWN PRESIDENT (FROM 7/1/2019) 40.00 X 144181 0 24284 TIMOTHY WOOSTER PROVOST 40.00 X 141557 0 23826 DR MARK J TROYER VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 113070 0 22559 MICHAEL KANE DEAN OF SCHOOL OF BUSINESS 40.00 X 103835 0 19611 MARK WHITWORTH VP FOR INTERCOLLEGIATE ATHLETICS 40.00 X 102981 0 21159 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS & TREASURER 40.00 X 102775 0 48596 DR SARAH B BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 93390 0 45645 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 AMMERMAN TRUSTEE 2.00 X 0 0 0 DR ELAINE A BERNIUS TRUSTEE 2.00 X 0 0 0 REV DR DAVID BRAZELTON 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 MARGARET G KIM TRUSTEE 2.00 X 0 0 0 HON JOSEPH R PITTS TRUSTEE 2.00 X 0 0 0 DAVID L STEVENS MD TRUSTEE 2.00 X 0 0 0 COMMISSIONER E SUE SWANSON TRUSTEE 2.00 X 0 0 0 DR ROBERT F WILEY JR TRUSTEE 2.00 X 0 0 0 RONALD BALL TRUSTEE 2.00 X 0 0 0 ANDREW J COLEMAN JR TRUSTEE 2.00 X 0 0 0 JAMIE C HIGDON 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 REV LISA AUSLEY TRUSTEE 2.00 X 0 0 0 C E CROUSE TRUSTEE 2.00 X 0 0 0 REV DR MORRIS E HINTZMAN TRUSTEE 2.00 X 0 0 0 960270 0 238565 7 0 1 0 PIONEER COLLEGE CATERERS CPO ASBURY UNIVERSITY ASBURY KY 40390 CATERER 2001027 SHERMAN-CARTER-BARNHART ARCHITECTS 2405 HARRODSBURG ROAD LEXINGTON KY 40504 ARCHITECT 803725 RON ELDRIDGE EXCAVATING INC 1337 SOUTH MAIN STREET NICHOLASVILLE KY 40356 CONTRACTOR 541950 HMC SERVICE COMPANY 6909 ENTERPRISE DRIVE LOUISVILLE KY 40214 HVAC CONTRACTOR 509178 JARBOE CONSTRUCTION INC 1017 SOUTH BROADWAY LEXINGTON KY 40504 CONTRACTOR 479834 12 1247816 4282246 269881 5530062 TUITION & FEES 611600 38999701 38999701 AUXILIARY INCOME 611710 5632832 5632832 44632533 1207260 1207260 190733 53207 137526 137526 137526 783986 73598 280511 12692 503475 60906 564381 564381 142252 39710 102542 102542 CONTRACTS & OTHER EXCHANGE TRANSA 900099 405694 405694 LUCE CENTER 713940 28544 28544 434238 52608542 45140769 28544 1909167 17482653 17482653 964671 280426 684245 15986760 13277921 2181282 527557 729474 587706 114502 27266 3682867 2912412 635584 134871 1176909 892552 243817 40540 13059 13059 73624 73624 176294 176294 150374 119413 21555 9406 610481 476527 125046 8908 146882 83726 37965 25191 500428 387323 113105 1808806 1725993 82813 577224 443812 100047 33365 45744 39077 6667 349809 279220 70589 3573386 3280152 293234 529926 428366 101560 AUXILIARY SERVICES 2072220 2072220 OTHER EXPENSE 1148322 970150 178172 STUDENT SERVICES 949167 949167 ACADEMIC SERVICES 784318 784318 53533398 47473134 5074988 985276 3301694 7421978 11453816 11829474 6353322 4432595 701797 576219 2220075 2081921 183946 192132 151929 128838 128437487 71700019 55990573 56737468 44389676 44424691 15859824 14774199 1436502 1545246 142043154 144144761 2303202 2463654 553877 898519 6190752 5892627 2990113 2929815 2163098 6328614 14201042 18513229 X 59234192 56501156 68607920 69130376 127842112 125631532 142043154 144144761 X -924856 -1207868 -77856 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 328511 X X X 0 57411282 566231 51264 1325080 1184561 55519136 54786604 1505809 2804101 947687 737545 57411282 51476916 1329208 3186527 843525 362522 54786604 47791714 615848 4515539 931246 514939 51476916 48870376 1773932 -1412118 921998 518478 47791714 0.15810 0.74600 0.09590 0 0 2389086 2389086 87597729 43660650 43937079 25437069 22112729 3324340 13013603 5926640 7086963 56737468 LIMITED PARTNERSHIPS 13237267 C RENTAL PROPERTY 1321000 C FARM AND SUBDIVISION 215932 C 14774199 HOUSING AND KEY DEPOSITS 15244 DEPOSITS HELD IN CUSTODY FOR OTHERS 505322 HEALTH PLAN RESERVE 290193 REFUNDABLE STUDENT LOANS 1069855 CONDITIONAL GRANT - PPP LOAN 4448000 6328614 34238244 -1207868 15061 -1192807 35431051 176294 17001197 17177491 52608542 36448824 92917 92917 36355907 176294 17001197 17177491 53533398 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 -77,856. RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 53,207. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 39,710. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 17,001,197. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 53,207. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 39,710. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 17,001,197. 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 INVESTMENTS 10263617 0 0 0 0 0 0 10263617 0 10263617 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 STUDENT AID/SCHOLARSHIPS 1531 17001197 STUDENT RELIEF FUND 954 481456 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. ASBURY UNIVERSITY DETERMINED THAT ALL ELIGIBLE IN-SEAT TRADITIONAL UNDERGRADUATE STUDENTS WERE AFFECTED BY THE SHUTTERING OF CAMPUS IN MARCH OF 2020 DUE TO THE CORONA VIRUS. EMERGENCY GRANTS FROM THE STUDENT RELIEF FUND WERE DETERMINED AND DISBURSED TO STUDENTS BY THE FOLLOWING CRITERIA: $700 ALL ELIGIBLE STUDENTS WHO HAD FILED FAFSA AND WERE PELL GRANT ELIGIBLE $400 ALL ELIGIBLE STUDENTS WHO HAD FILED FAFSA, BUT WERE NOT PELL GRANT ELIGIBLE $200 ALL ELIGIBLE STUDENTS WHO DID NOT FILE FAFSA ALSO, ADDITIONAL 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 SANDRA GRAY PRESIDENT (UNTIL 7/1/2019) 158481 0 0 0 0 0 8352 0 24533 0 191366 0 0 0 DR KEVIN BROWN PRESIDENT (FROM 7/1/2019) 144181 0 0 0 0 0 8232 0 16052 0 168465 0 0 0 TIMOTHY WOOSTER PROVOST 141557 0 0 0 0 0 8100 0 15726 0 165383 0 0 0 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS & TREASURER 102775 0 0 0 0 0 6548 0 42048 0 151371 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 3107373 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 52640 TUITION WAIVER TUITION ASSISTANCE X 17 233482 FAIR MARKET VALUE X HORSE SUPPLIES 4 10900 FAIR MARKET VALUE X BOOKS 2 10190 FAIR MARKET VALUE X SUPPLIES 5 9370 FAIR MARKET VALUE X COSTUMES 1 3897 FAIR MARKET VALUE X VIBRAPHONE 1 2042 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 PROCEDURE WAS COMPLETED IN THE FALL OF 2015 AND 2017, BUT NOT IN 2016. 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. DATA WAS LAST REQUESTED IN OCTOBER 2017. 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. THIS DATA WAS LAST COMPILED DURING THE SPRING OF 2017. 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 -77,856. 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