2019-10-17T17:25:07-05:00 2018-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2018-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1601 5TH AVE STE 1100 SEATTLE WA 98101 PETER KOELLE SECRETARY 2065456988 2019-08-19 1 HOWARD DONKIN CPA P00147726 2066288990 2019-08-19 209.210.254.4 2019-08-19 17:52:36 PD P CEBD717F4B3351FF1B977296098DBAF35E2BFDE6 1BEBD05DFEE09A3A213EBA9D85F535FB86A25C5F 2018 2020-03-31 21:24:44Z PATRICK AWUAH 1601 5TH AVE STE 1100 SEATTLE WA 98101 4812585 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 17 16 7 25 0 0 4564036 2762472 0 0 87875 93449 -10476 11658 4641435 2867579 4499102 2677067 0 0 325841 342690 0 0 252678 270528 285758 5095471 3305515 -454036 -437936 8767536 8502745 1303073 1534812 7464463 6967933 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 1860168 1755000 CAMPUS EXPANSION: TO SERVE ASHESI'S GROWING STUDENT BODY, WE ARE RAISING FUNDS TO BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES. 410103 360319 SCHOLARSHIPS: AS ASHESI GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 48% OF ASHESI'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 611680 561748 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. 2881951 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 0 0 1 4 0 1 7 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 1601 5TH AVE STE 1100 SEATTLE WA 98101 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 PETER KOELLE SECRETARY 2.00 X X 0 0 0 APRILE AGE TRUSTEE 1.00 X 0 0 0 YAW ASARE-ABOAGYE 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 SYLVIE GOMIS-TANOH TRUSTEE 1.00 X 0 0 0 RICHARD LYONS TRUSTEE 1.00 X 0 0 0 NINA MARINI TRUSTEE 2.00 X 0 0 0 TANYA MASIYIWA TRUSTEE 1.00 X 0 0 0 LISA NORTON TRUSTEE 2.00 X 0 0 0 PATRICK NUTOR TRUSTEE 1.00 X 0 0 0 DANIEL RUNDE TRUSTEE 1.00 X 0 0 0 SPENCER TON 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 PATRICK AWUAH FOUNDATION PRESIDENT 20.00 20.00 X 70000 62200 23011 70000 62200 23011 0 0 1 0 0 370000 2392472 1509085 2762472 108073 108073 1930382 1945006 -14624 -14624 -14624 RECOVERY OF UNCOLLECTIBLE PLEDGES 900099 11658 11658 11658 2867579 0 0 105107 2677067 2677067 98428 29528 19686 49214 207255 45253 77209 84793 19467 4750 7989 6728 17540 3816 6512 7212 29895 29895 7580 7580 849 172 186 491 19689 8371 1719 9599 31829 7639 8276 15914 75610 36425 6248 32937 40805 7351 1570 31884 55384 55384 3568 3568 7593 1823 1974 3796 EQUIPMENT EXPENSES 12956 804 2042 10110 3305515 2881951 170886 252678 X 542079 194039 3106421 2838515 3106862 1939368 1197503 1111833 20288 25141 31646 31646 3568 0 749546 2355587 41269 38262 8767536 8502745 71356 50752 340407 1007692 926923 224025 216730 1303073 1534812 X 2926648 2291551 4262815 3551382 275000 1125000 7464463 6967933 8767536 8502745 X -437936 -57141 -1453 X X 0 1 X 1 0 X 2817361 3468784 4748605 4564036 2762472 18361258 2817361 3468784 4748605 4564036 2762472 18361258 4741009 13620249 22569 53673 76312 87357 108073 347984 5684 8567 -10476 11658 15433 18724675 0.72740 0.71510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405563 450000 -20535 8895 826133 234522 150000 22041 1000 405563 178546 50000 6979 1000 234522 137924 50000 -1046 8332 178546 138928 5788 6792 137924 0.00000 0.34000 0.66000 0 0 31646 31646 0 0 2840153 -57141 29715 -27426 2867579 0 2867579 3336683 31168 31168 3305515 0 3305515 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 29,715. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 31,168. 1 SUB-SAHARAN AFRICA 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION/PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, SCHOLARSHIPS, AND PROGRAM SUPPORT 2677067 1 0 0 0 1 0 2677067 0 2677067 SUB-SAHARAN AFRICA NEW CAMPUS CONSTRUCTION 1755000 WIRE TRANSFER SUB-SAHARAN AFRICA SCHOLARSHIPS 360319 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SUPPORT 561748 WIRE TRANSFER 1 0 0 0 0 0 0 PART I, LINE 2: PERIODICALLY THE BOARD OF TRUSTEES REVIEWS FINANCIAL REPORTS FROM ASHESI UNIVERSITY COLLEGE, INCLUDING AUDITED FINANCIAL STATEMENTS PREPARED BY A THIRD-PARTY AUDITOR. ASHESI FOUNDATION HOLDS ONE BOARD MEETING EACH YEAR IN GHANA DURING WHICH TRUSTEES MAKE A SITE VISIT OF CAMPUS CONSTRUCTION PROJECTS AND MEET WITH UNIVERSITY TRUSTEES AND EXECUTIVE TEAM MEMBERS. 0 0 0 0 0 0 0 0 0 PATRICK AWUAH FOUNDATION PRESIDENT 70000 62200 0 0 0 0 0 0 23011 0 93011 62200 0 0 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 461538 0 1 1 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 423077 0 1 1 CONRAD GEHRMANN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 50000 42308 0 1 1 926923 X 10 1509085 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 SIMILIAR 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 -1,453. 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 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 ASHESI UNIVERSITY COLLEGE B 2677067 CASH ASHESI UNIVERSITY COLLEGE E 1500000 CASH