2020-07-10T19:53:21-05:00 2019-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STR STE 1400 LEXINGTON KY 40507 990 2018-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2020-07-10 1 ALLISON C CARTER P01242412 8592552341 192.243.74.12 2020-07-10 08:24:56 ED P F6AB8AE3F08F4AF1164E223E0046F1F2ED5B5E8A AC850A183710CB643CB22AC1D40FF34C17615D9C 2018 2020-09-23 17:36:50Z ASBURY UNIVERSITY SANDRA C GRAY 1 MACKLEM DRIVE WILMORE KY 40390 58132116 0 X WWW.ASBURY.EDU X 1904 KY A CHRISTIAN LIBERAL ARTS UNIVERSITY COMMITTED TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY. 20 20 1366 20 44081 0 5162565 8688164 45915299 45816516 1513182 2443638 914767 900281 53505813 57848599 15706689 16100192 0 0 23227104 23387790 0 0 1341715 14904174 14692226 53837967 54180208 -332154 3668391 138217179 142043154 15056566 14201042 123160613 127842112 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 46913606 16100192 46561464 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 1,575 STUDENTS. 46913606 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 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 2327 0 1 1366 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY OR X UNIVERSITY PERSONNEL 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 LARRY D BROWN BOARD CHAIR 4.00 X 0 0 0 SARAH L LUCE SECRETARY 2.00 X 0 0 0 AARON AMMERMAN TRUSTEE 2.00 X 0 0 0 REV LISA AUSLEY TRUSTEE 2.00 X 0 0 0 RONALD BALL 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 ANDREW J COLEMAN JR TRUSTEE 2.00 X 0 0 0 CE CROUSE 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 REV DR MORRIS E HINTZMAN 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 TIMOTHY A SHELL VICE CHAIR 2.00 X 0 0 0 LT COL RICHARD O SPEAKMAN TRUSTEE 2.00 X 0 0 0 DAVID L STEVENS MD 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 DR ROBERT F WILEY JR TRUSTEE 2.00 X 0 0 0 DR SANDRA C GRAY PRESIDENT 40.00 X 251165 0 28165 DR TIMOTHY WOOSTER PROVOST (BEGAN 1/1/2019) 40.00 X 0 0 0 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS 40.00 X 129751 0 17168 DR WILLIAM HALL JR VP FOR ENROLLMENT MANAGEMENT 40.00 X 120037 0 20811 DR MARK J TROYER VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 106969 0 19797 DR SARAH B BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 110216 0 17188 MARK WHITWORTH VP FOR INTERCOLLEGIATE ATHLETICS 40.00 X 87381 0 16161 BONNIE BANKER PROVOST (PARTIAL YEAR) 40.00 X 127358 0 504 932877 0 119794 6 0 1 0 PIONEER COLLEGE CATERERS CPO ASBURY UNIVERSITY WILMORE KY 40390 CATERER 2201105 JARBOE CONSTRUCTION INC 1017 SOUTH BROADWAY LEXINGTON KY 40504 CONTRACTOR 319887 SHERMAN-CARTER-BARNHART ARCHITECTS 2405 HARRODSBURG ROAD LEXINGTON KY 40504 ARCHITECT 220108 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 286203519 CONSULTANTS - ADMISSIONS 191662 COMFORT & PROCESS SOLUTIONS 124 TRADE STREET LEXINGTON KY 40511 HVAC CONTRACTOR 156485 9 238453 8449711 630375 8688164 TUITION & FEES 611600 38977873 38977873 AUXILIARY INCOME 611710 6838643 6838643 45816516 1277167 7580 1269587 199212 80380 118832 118832 118832 1105725 206700 103218 42736 1002507 163964 1166471 1166471 144128 57183 86945 86945 CONTRACTS & OTHER EXCHANGE TRANSA 900099 658003 658003 LUCE CENTER 713940 36501 36501 694504 57848599 46561464 44081 2554890 16100192 16100192 1178909 413852 486783 278274 16636282 13374509 2705463 556310 722801 585079 109970 27752 3656117 2885682 633222 137213 1193681 929786 221088 42807 10144 10144 95746 95746 162931 162931 553861 440885 108947 4029 489076 322452 141104 25520 164376 100982 42151 21243 519100 383169 135931 1989154 1889848 99306 805296 587957 169223 48116 64355 55689 8666 381211 284656 96555 3696895 3202658 494237 511475 414617 96858 AUXILIARY SERVICES 2424053 2424053 STUDENT SERVICES 1144426 1144426 INSTRUCTIONAL SERVICES 1090923 1090923 OTHER EXPENSE 589204 282191 106562 200451 54180208 46913606 5924887 1341715 3166610 3301694 7149047 11453816 5875594 6353322 1106234 701797 2543557 2220075 231148 183946 102695 151929 124248014 68257441 57735513 55990573 39631425 44389676 16021231 15859824 4654125 1436502 138217179 142043154 1827463 2303202 553877 6477918 6190752 3034484 2990113 3716701 2163098 15056566 14201042 X 59233978 59234192 24799044 27707631 39127591 40900289 123160613 127842112 138217179 142043154 X 3668391 846732 166376 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 328511 X X X 0 54786604 1505809 2804101 947687 737545 57411282 51476916 1329208 3186527 843525 362522 54786604 47791714 615848 4515539 931246 514939 51476916 48870376 1773932 -1412118 921998 518478 47791714 47598860 2143094 518759 928072 462265 48870376 0.17100 0.71240 0.11660 0 0 2078840 2078840 86334003 41486108 44847895 26518419 22424208 4094211 9316752 4347125 4969627 55990573 LIMITED PARTNERSHIPS 14017851 C RENTAL PROPERTY 1305023 C FARM AND SUBDIVISION 536950 C 15859824 HOUSING AND KEY DEPOSITS 15420 DEPOSITS HELD IN CUSTODY FOR OTHERS 411316 HEALTH PLAN RESERVE 170288 REFUNDABLE STUDENT LOANS 1566074 2163098 42655767 846732 166376 1013108 41642659 162931 16043009 16205940 57848599 37974268 57183 57183 37917085 162931 16100192 16263123 54180208 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 166,376. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 16,100,192. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 -57,183. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 57,183. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 16,100,192. 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 870656 0 0 0 0 0 0 870656 0 870656 1 0 0 1 1 0 X X X X X 1 TRADEWINDS CONSULTING INC 21850 INGLEWOOD COURT ASHBURN VA 20148 CONSULTING FOR DIRECT MARKETING SERVICES 0 255954 10200 245754 COLEMAN HASTINGS ADVANCEMENT CONSULTING 905 TURKEY FOOT ROAD LEXINGTON KY 40502 CONSULTING FOR DIGITAL AND DIRECT MAIL FUNDRAISING 0 200307 8313 191994 456261 18513 437748 KY OR 1 STUDENT AID/SCHOLARSHIPS 1485 16100192 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 1 0 0 0 0 0 0 0 DR SANDRA C GRAY PRESIDENT 251165 0 0 0 0 0 15000 0 13165 0 279330 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. PART I, LINE 4B DR. SANDRA GRAY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE AMOUNT FOR 6/30/19 WAS $18,480. A CITY OF WILMORE KY 616001932 2009-12-18 9000000 CONSTRUCTION OF CAMPUS FACILITIES 0 0 0 A 2809248 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 - TUITION WAIVER DEPENDENTS OF OFFICERS 81749 TUITION WAIVER TUITION ASSISTANCE X 1 25000 FMV X 311 FMV X 280 FMV X 2 30100 FMV X 5 499362 FMV X 1 264 FMV X SUPPLIES 2 43850 FAIR MARKET VALUE X EQUIPMENT 5 9749 FAIR MARKET VALUE X HORSE 1 9000 FAIR MARKET VALUE X OTHER 4 7659 FAIR MARKET VALUE X HORSE SUPPLIES 1 4800 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): NUMBER OF DONORS 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 IS PROVIDED TO THE BOARD PRIOR TO FILING. 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. NO TRUSTEE SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. 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 ANNUALLY BY THE HUMAN RESOURCES OFFICE AND SUPPLIED TO THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE PRESIDENTIAL COMPENSATION. THE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD AND DOCUMENTED IN BOARD MINUTES. OTHER OFFICERS OR KEY EMPLOYEES: 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 166,376. 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 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