2021-10-15T01:23:34-05:00 2020-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2020-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1201 3RD AVE NO 2200 SEATTLE WA 98101 LISA NORTON SECRETARY 2065456988 2021-10-12 1 LISA NORTON 999009999 HOWARD DONKIN CPA P00147726 2066288990 2021-10-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X PATRICK AWUAH 1201 3RD AVE NO 2200 SEATTLE WA 98101 5820113 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 17 16 5 28 0 0 3013872 5067093 0 0 162403 68174 1720 417 3177995 5135684 1906617 3118881 0 0 400958 402665 0 0 256030 325992 241262 2633567 3762808 544428 1372876 8732313 10242693 1107162 1098607 7625151 9144086 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 1899656 1820596 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. 1057887 998725 SCHOLARSHIPS: AS ASHESI UNIVERSITY GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 43% OF ASHESI UNIVERSITY'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 358722 299560 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. 3316265 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 5 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 NO 2200 SEATTLE WA 98101 PATRICK AWUAH FOUNDATION PRESIDENT 20.00 20.00 X X 70000 61200 25892 EMER DOOLEY BOARD CHAIR 2.00 X X 0 0 0 REGGIE BROWN VICE CHAIR 2.00 X X 0 0 0 SCOTT KUCIREK TREASURER 2.00 X X 0 0 0 LISA NORTON SECRETARY (AS OF 10/2020) 2.00 X X 0 0 0 PETER KOELLE SECRETARY (UNTIL 10/2020) 2.00 X X 0 0 0 APRILE AGE TRUSTEE 1.00 X 0 0 0 CHARLES AGYEMAN TRUSTEE 1.00 X 0 0 0 KOFI BONNER TRUSTEE 1.00 X 0 0 0 PEGGY CLARK TRUSTEE 1.00 X 0 0 0 NEIL COLLINS TRUSTEE 1.00 X 0 0 0 CONRAD GEHRMANN TRUSTEE 2.00 X 0 0 0 RICHARD LYONS TRUSTEE 1.00 X 0 0 0 NINA MARINI TRUSTEE 1.00 X 0 0 0 TANYA MASIYIWA TRUSTEE 1.00 X 0 0 0 PATRICK NUTOR TRUSTEE 1.00 X 0 0 0 DANIEL RUNDE TRUSTEE 1.00 X 0 0 0 RUTH WARREN TRUSTEE 2.00 X 0 0 0 TODD WARREN TRUSTEE 2.00 X 0 0 0 70000 61200 25892 0 0 1 0 0 1215750 3851343 350281 5067093 37776 37776 714827 684429 30398 30398 30398 RECOVERY OF UNCOLLECTI 900099 417 417 417 5135684 0 0 68591 3118881 3118881 101494 30448 20299 50747 243176 70136 75690 97350 16909 5100 5126 6683 19908 5313 6784 7811 21178 6039 6629 8510 28411 28411 41750 41750 66873 9964 15973 40936 2178 494 494 1190 22623 4534 2360 15729 32236 9349 9348 13539 2359 1217 48 1094 9526 2289 346 6891 19897 19897 7345 2130 2130 3085 EQUIPMENT EXPENSES 8064 2063 3536 2465 3762808 3316265 190513 256030 X 249623 218136 3008704 4315283 1806102 1788246 1024657 1007836 20758 8627 20798 20798 0 0 2587867 2852700 34602 51865 8732313 10242693 53353 71398 887436 846153 166373 181056 1107162 1098607 X 2858690 4143920 4766461 5000166 7625151 9144086 8732313 10242693 X 1372876 136281 9778 X X 0 1 X 1 1 1 X 4748605 4564036 2762472 3013872 5067093 20156078 4748605 4564036 2762472 3013872 5067093 20156078 5377575 14778503 76312 87357 108073 128829 37776 438347 8567 -10476 11658 1720 417 11886 20606311 0.71720 0.71850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1040971 165000 131859 22578 1315252 826133 120000 103852 9014 1040971 405563 450000 -20535 8895 826133 234522 150000 22041 1000 405563 178546 50000 6979 1000 234522 0.00000 0.34000 0.66000 0 0 20798 20798 0 0 5432842 136281 15000 145877 297158 5135684 0 5135684 3913907 15000 136099 151099 3762808 0 3762808 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT ASHESI UNIVERSITY COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: DISCOUNT ON INTEREST HOUSING LOAN UNIVERSITY 145,877. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 136,099. 1 SUB-SAHARAN AFRICA 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION/PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, SCHOLARSHIPS, AND PROGRAM SUPPORT 3118881 1 0 0 0 1 0 3118881 0 3118881 SUB-SAHARAN AFRICA NEW CAMPUS CONSTRUCTION 1820596 WIRE TRANSFER SUB-SAHARAN AFRICA SCHOLARSHIPS 998725 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SUPPORT 299560 WIRE TRANSFER 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 2020, 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: 0 0 0 0 0 0 0 0 0 PATRICK AWUAH FOUNDATION PRESIDENT 70000 61200 0 0 0 0 5250 0 20642 0 95892 61200 0 0 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 423077 0 1 1 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 384615 0 1 1 CONRAD GEHRMANN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 50000 38461 0 1 1 846153 X 8 350281 FMV 0 1 0 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 9,778. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE IN THE AUDIT COMMITTEE PROCESS. ASHESI UNIVERSITY COLLEGE 1 UNIVERSITY AVENUE BEREKUSO PMB ACCRA GH UNIVERSITY GH 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 3118881 CASH ASHESI UNIVERSITY COLLEGE D 1500000 CASH