ASHESI UNIVERSITY FOUNDATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ASHESI UNIVERSITY FOUNDATION (EIN 91-1997089)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-09-22
- IRS object ID
- 202542659349300639
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-22T10:36:46-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 911194016 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLARK NUBER PS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 110TH AVE NE SUITE 700 | AddressLine1Txt |
| City | BELLEVUE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911997089 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASHESI UNIVERSITY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASHE | BusinessNameControlTxt |
| Phone | 2065456988 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 3RD AVE 2200 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LISA NORTON-MOTULSKY | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 2065456988 | PhoneNum |
| Signature | 2025-09-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FRANCES OLSON | PreparerPersonNm |
| PTIN | P01228048 | PTIN |
| Phone | 4254544919 | PhoneNum |
| Preparation | 2025-09-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PATRICK AWUAH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 3RD AVE 2200 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,385,493 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ASHESI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1999 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,282,998 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,327,928 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $555,906 | PYInvestmentIncomeAmt |
| CY Investment Income | $698,508 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $13,838,904 | PYTotalRevenueAmt |
| CY Total Revenue | $6,026,436 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,057,700 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,694,608 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $754,697 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $877,850 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $663,706 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $480,090 | PYOtherExpensesAmt |
| CY Other Expenses | $610,644 | CYOtherExpensesAmt |
| PY Total Expenses | $5,292,487 | PYTotalExpensesAmt |
| CY Total Expenses | $5,183,102 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,546,417 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $843,334 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $25,893,420 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,324,742 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,931,545 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,018,591 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,961,875 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $21,306,151 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ASHESI UNIVERSITY FOUNDATION PROVIDES SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. OUR MISSION IS TO ADVANCE THE EDUCATION OF ETHICAL, ENTREPRENEURIAL LEADERS WHO WILL BUILD A FLOURISHING AFRICA WHERE ALL PEOPLE CAN ACHIEVE THEIR FULL POTENTIAL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,977,624 | ExpenseAmt |
| Grant | $1,819,869 | GrantAmt |
| Desc | CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S (ASHESI) GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,296,637 | ExpenseAmt |
| Grant | $1,231,449 | GrantAmt |
| Desc | SCHOLARSHIPS: AS ASHESI GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 54% OF ASHESI'S STUDENTS RECEIVED FINANCIAL AID, FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $831,968 | ExpenseAmt |
| Grant | $643,290 | GrantAmt |
| Desc | 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 INITIATIVES AND PRIORITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,106,229 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOANNA BARGERON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2065456988 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 3RD AVE 2200 | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98101 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| PATRICK AWUAH | ||||||
| FOUNDATION PRESIDENT | 20.00 | Yes (X) | Yes (X) | $95,833 | $0 | $30,351 |
| REGGIE BROWN | ||||||
| CHAIR THRU 10/24 THEN DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| PEGGY CLARK | ||||||
| VICE CHAIR THRU 10/24 THEN CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ABE ANKUMAH | ||||||
| VICE CHAIR ELECTED 12/24 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CONRAD GEHRMANN | ||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LISA NORTON-MOTULSKY | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHARLES AGYEMAN | ||||||
| ALUMNI DIRECTOR/AUDIT RISK CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| YAW ASARE-ABOAGYE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KOFI BONNER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NEIL COLLINS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EMER DOOLEY | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ISSAC DOOLEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SCOTT KUCIREK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NINA MARINI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LEWIS ROBERTS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RUTH WARREN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TODD WARREN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOANNA BARGERON | ||||||
| VICE PRESIDENT | 40.00 | Yes (X) | $145,600 | $0 | $18,798 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $241,433 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $49,149 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BWF | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7900 XERXES AVE S SUITE 980 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55431 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | NON-PROFIT CONSULTANT | ServicesDesc |
| Compensation | $193,081 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $600,491 | GovernmentGrantsAmt |
| All Other Contributions | $4,727,437 | AllOtherContributionsAmt |
| Noncash Contributions | $559,891 | NoncashContributionsAmt |
| Total Contributions | $5,327,928 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $698,127 | TotalRevenueColumnAmt |
| Exclusion | $698,127 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,359,438 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,359,057 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $381 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $381 | TotalRevenueColumnAmt |
| Exclusion | $381 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,026,436 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $698,508 | ExclusionAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,694,608 | TotalAmt |
| Program Services | $3,694,608 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,449 | TotalAmt |
| Program Services | $124,014 | ProgramServicesAmt |
| Management And General | $60,090 | ManagementAndGeneralAmt |
| Fundraising | $116,345 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $457,527 | TotalAmt |
| Program Services | $76,210 | ProgramServicesAmt |
| Management And General | $114,873 | ManagementAndGeneralAmt |
| Fundraising | $266,444 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,965 | TotalAmt |
| Program Services | $4,694 | ProgramServicesAmt |
| Management And General | $5,692 | ManagementAndGeneralAmt |
| Fundraising | $17,579 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,439 | TotalAmt |
| Program Services | $5,616 | ProgramServicesAmt |
| Management And General | $10,118 | ManagementAndGeneralAmt |
| Fundraising | $16,705 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,470 | TotalAmt |
| Program Services | $15,380 | ProgramServicesAmt |
| Management And General | $14,154 | ManagementAndGeneralAmt |
| Fundraising | $29,936 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,110 | TotalAmt |
| Program Services | $10,110 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,137 | TotalAmt |
| Management And General | $91,137 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,005 | TotalAmt |
| Program Services | $97,007 | ProgramServicesAmt |
| Management And General | $76,492 | ManagementAndGeneralAmt |
| Fundraising | $96,506 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,663 | TotalAmt |
| Program Services | $3,022 | ProgramServicesAmt |
| Management And General | $12,301 | ManagementAndGeneralAmt |
| Fundraising | $38,340 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,533 | TotalAmt |
| Program Services | $7,796 | ProgramServicesAmt |
| Management And General | $7,326 | ManagementAndGeneralAmt |
| Fundraising | $16,411 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,100 | TotalAmt |
| Program Services | $28,371 | ProgramServicesAmt |
| Management And General | $8,040 | ManagementAndGeneralAmt |
| Fundraising | $49,689 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,923 | TotalAmt |
| Program Services | $30,923 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,418 | TotalAmt |
| Program Services | $3,878 | ProgramServicesAmt |
| Management And General | $3,749 | ManagementAndGeneralAmt |
| Fundraising | $2,791 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EQUIPMENT | $18,451 | $4,362 | $8,080 | $6,009 |
| RESEARCH/FEES | $5,922 | $26 | $24 | $5,872 |
| BOARD OUTREACH | $1,784 | $212 | $493 | $1,079 |
| LICENSES AND FEES | $598 | $598 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,183,102 | TotalAmt |
| Program Services | $4,106,229 | ProgramServicesAmt |
| Management And General | $413,167 | ManagementAndGeneralAmt |
| Fundraising | $663,706 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,789 | BOYAmt |
| EOY | $265,291 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,963,481 | BOYAmt |
| EOY | $9,583,130 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,077,472 | BOYAmt |
| EOY | $621,207 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $22,000 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $752,900 | BOYAmt |
| EOY | $658,462 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,630 | BOYAmt |
| EOY | $82,459 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,850 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,850 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,819,260 | BOYAmt |
| EOY | $18,056,438 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,888 | BOYAmt |
| EOY | $35,755 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,893,420 | BOYAmt |
| EOY | $29,324,742 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,748 | BOYAmt |
| EOY | $93,916 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $256,233 | BOYAmt |
| EOY | $16,525 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,846,894 | BOYAmt |
| EOY | $7,258,093 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,846 | BOYAmt |
| EOY | $523,077 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,824 | BOYAmt |
| EOY | $126,980 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,931,545 | BOYAmt |
| EOY | $8,018,591 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,841,329 | BOYAmt |
| EOY | $3,772,023 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,120,546 | BOYAmt |
| EOY | $17,534,128 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,961,875 | BOYAmt |
| EOY | $21,306,151 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,893,420 | BOYAmt |
| EOY | $29,324,742 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $843,334 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $503,689 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,747 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,067,093 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,055,275 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,011,519 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,282,998 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,327,928 | CurrentTaxYearAmt |
| Total | $33,744,813 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,067,093 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,055,275 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,011,519 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,282,998 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,327,928 | CurrentTaxYearAmt |
| Total | $33,744,813 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $8,553,110 | SubstantialContributorsTotAmt |
| Public Support Total170 | $25,191,703 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,776 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $83,424 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $178,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $580,649 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $698,127 | CurrentTaxYearAmt |
| Total | $1,578,942 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $417 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,687 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$9,488 | CurrentTaxYearMinus2YearsAmt |
| Total | -$2,384 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $35,321,371 | TotalSupportAmt |
| Public Support CY170 | 0.71320 | PublicSupportCY170Pct |
| Public Support PY170 | 0.70150 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | RECOVERY UNCOLLECTIBLE PLEDGES - 2020 AMOUNT: $ 417. 2021 AMOUNT: $ 6,687. 2022 AMOUNT: $ -9,488. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (1) | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,820,131 | BeginningYearBalanceAmt |
| Contributions | $4,163,484 | ContributionsAmt |
| Investment Earnings Or Losses | $845,218 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $307,200 | GrantsOrScholarshipsAmt |
| End Year Balance | $14,521,633 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,329,680 | BeginningYearBalanceAmt |
| Contributions | $6,816,500 | ContributionsAmt |
| Investment Earnings Or Losses | $738,774 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $64,823 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,820,131 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,076,012 | BeginningYearBalanceAmt |
| Contributions | $651,750 | ContributionsAmt |
| Investment Earnings Or Losses | -$328,948 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $69,134 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,329,680 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,315,252 | BeginningYearBalanceAmt |
| Contributions | $640,000 | ContributionsAmt |
| Investment Earnings Or Losses | $157,771 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $37,011 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,076,012 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,040,971 | BeginningYearBalanceAmt |
| Contributions | $165,000 | ContributionsAmt |
| Investment Earnings Or Losses | $131,859 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,578 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,315,252 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.07850 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.92150 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,850 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,850 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $6,577,071 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $503,689 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $26,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $20,946 | OtherRevenueAmt |
| Revenue Not Reported | $550,635 | RevenueNotReportedAmt |
| Revenue Subtotal | $6,026,436 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,026,436 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,232,795 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $26,000 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $23,693 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $49,693 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,183,102 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,183,102 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE FOUNDATION CREATED AN INVESTMENT ACCOUNT, THE UNIVERSITY FUND (THE FUND), AND HAS SET UP A CORRESPONDING LIABILITY, FUNDS HELD FOR THE BENEFIT OF ASHESI UNIVERSITY. THE UNIVERSITY HAS SENT FUNDS TO THE FOUNDATION FOR DEPOSIT INTO THE FUND. THE TRANSFER OF FUNDS IS GOVERNED BY THE UNIVERSITY FUND TRANSFER AGREEMENT AND THE MANAGEMENT OF THE FUND IS GOVERNED BY THE UNIVERSITY FUND INVESTMENT MANAGEMENT AGREEMENT. |
| PART V, LINE 4: | TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT ASHESI UNIVERSITY. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DISCOUNT ON INTEREST HOUSING LOAN UNIVERSITY 20,946. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | IN-KIND INTEREST HOUSING NOTES 23,693. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| SUB-SAHARAN AFRICA | 0 | 1 | GRANTS TO RECIPIENTS LOCATED IN REGION/ PROGRAM SERVICES | $3,694,608 |
| SWITZERLAND | 0 | 0 | FUNDRAISING |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $3,694,608 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $3,694,608 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|
| SUB-SAHARAN AFRICA | CAMPUS EXPANSION | $643,290 | $0 |
| SUB-SAHARAN AFRICA | SCHOLARSHIPS | $1,819,869 | $0 |
| SUB-SAHARAN AFRICA | PROGRAM GROWTH | $1,231,449 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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; 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 IV, LINE 1: | FORM 926 IS NOT REQUIRED TO BE FILED BECAUSE THE TRANSFER TO A FOREIGN CORPORATION DOES NOT MEET THE REPORTING REQUIREMENTS IN IRC 6038(A)(1)(A). |
| PART 1, LINE 3 | THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR EXPENDITURES. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOANNA BARGERON | PersonNm |
| Title | VICE PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $115,000 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $30,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $600 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $11,295 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $7,503 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $164,398 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | PATRICK AWUAH, PRESIDENT, OCCASIONALLY TRAVELS FIRST-CLASS. NOT TREATED AS TAXABLE COMPENSATION. |
| PART I, LINE 7 | BONUSES ARE BASED ON ANNUAL PERFORMANCE, THE VICE PRESIDENT'S BONUS IS APPROVED AND DETERMINED BY THE BOARD. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| WARREN TODD RUTH | |||||||
| TRUSTEES | CONSTRUCT STUDENT HOUSING | Yes (X) | $500,000 | $230,769 | 0 | Yes (1) | Yes (1) |
| WARREN TODD RUTH | |||||||
| TRUSTEES | CONSTRUCT STUDENT HOUSING | Yes (X) | $500,000 | $269,231 | 0 | Yes (1) | Yes (1) |
| GEHRMANN CONRAD | |||||||
| TRUSTEES | CONSTRUCT STUDENT HOUSING | Yes (X) | $50,000 | $23,077 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $523,077 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $545,323 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | SUPPLIES | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $14,658 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE M, PART I, COLUMN (B) | FormAndLineReferenceDesc |
| Explanation | NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | RUTH AND TODD WARREN HAVE A FAMILIAL RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY STAFF AND RECONCILED TO THE AUDITED FINANCIALS. THE AUDIT CHAIR REVIEWS THE RECONCILIAITON AND RECOMMENDS THE FINANCE COMMITTEE SUBMIT THE 990 FOR BOARD APPROVAL. BOARD MEMBERS RECEIVE A COPY OF THE 990 WITH THE REQUEST FOR APPROVAL. THE APPROVED 990 IS SIGNED BY THE SECRETARY OF THE BOARD AND FILED ELECTRONICALLY. |
| FORM 990, PART VI, SECTION B, LINE 12C | OUR CONFLICT OF INTEREST POLICY IS DESIGNED TO HELP DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE ASHESI UNIVERSITY FOUNDATION IDENTIFY SITUATIONS THAT PRESENT POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE ASHESI UNIVERSITY FOUNDATION WITH A PROCEDURE WHICH, IF OBSERVED, WILL ALLOW A TRANSACTION TO BE TREATED AS VALID AND BINDING EVEN THOUGH A DIRECTOR, OFFICER OR EMPLOYEE HAS OR MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. BOARD MEMBERS ARE ASKED TO COMPLETE AN ANNUAL DISCLOSURE OF INTERESTS COVERING OUTSIDE INTERESTS, OUTSIDE ACTIVITIES, AND GIFTS, GRATUITIES, AND ENTERTAINMENT. ALL NEW TRUSTEES ARE REQUIRED TO REVIEW AND SIGN THE POLICY. THE GC REVIEWS ALL POLICIES ANNUALLY. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. |
| 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 CEO'S 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. ARCH BRIGHT 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 IN THE ANNUAL BUDGET. |
| 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 WEBSITE. |
| FORM 990, PART XI, LINE 9: | IN-KIND DISCOUNT HOUSING LOAN -2,747. |
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