2019-05-13T15:25:09-05:00 2018-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2017-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2019-05-13 1 ALLISON C CARTER P01242412 8592552341 192.243.74.13 2019-05-13 13:41:25 ED P 7A3078556A43B8E022EE4530DB49B4075CEC69B2 10368D4156DF2BC0DB8C6902801B0B78C82933B4 2017 2019-02-21 02:37:17Z ASBURY UNIVERSITY SANDRA C GRAY 1 MACKLEM DRIVE WILMORE KY 40390 53674209 0 X WWW.ASBURY.EDU X 1904 KY A CHRISTIAN LIBERAL ARTS UNIVERSITY COMMITTED TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY 23 23 1385 20 47410 0 6846098 5162565 44203259 45915299 2759105 1513182 937818 914767 54746280 53505813 14604823 15706689 0 0 22875446 23227104 0 0 1462813 14174850 14904174 51655119 53837967 3091161 -332154 136786769 138217179 15745081 15056566 121041688 123160613 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 46281340 15706689 46611476 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 1,906 STUDENTS. 46281340 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2425 0 1 1385 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 23 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 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 L BRAZELTON TRUSTEE 2.00 X 0 0 0 LARRY D BROWN BOARD CHAIR 4.00 X 0 0 0 ANDREW J COLEMAN JR TRUSTEE 2.00 X 0 0 0 C E 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 GREGORY B ISAACS CPA TRUSTEE 2.00 X 0 0 0 MARGARET G KIM TRUSTEE 2.00 X 0 0 0 DR WAYNE D LEWIS JR TRUSTEE 2.00 X 0 0 0 SARAH L LUCE TRUSTEE 2.00 X 0 0 0 HON JOSEPH R PITTS TRUSTEE 2.00 X 0 0 0 TIMOTHY A SHELL TRUSTEE 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 RONALD W TARRANT BOARD SECRETARY 4.00 X 0 0 0 DR ROBERT F WILEY JR TRUSTEE 2.00 X 0 0 0 DR SANDRA C GRAY PRESIDENT 40.00 X 235391 0 32088 DR BONNIE J BANKER INTERIM PROVOST 40.00 X 86417 0 5687 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS & TREASURER 40.00 X 105314 0 19122 DR WILLIAM A HALL JR VP FOR ENROLLMENT MANAGEMENT 40.00 X 79103 0 17397 DR MARK J TROYER VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 107268 0 19948 DR SARAH B BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 84239 0 17735 JON KULAGA PROVOST 40.00 X 79789 0 12362 CHARLIE SHEPARD VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 60872 0 16746 MARK WHITWORTH VP FOR INTERCOLLEGIATE ATHLETICS 40.00 X 0 0 0 838393 0 141085 3 0 1 0 PIONEER COLLEGE CATERERS 1 MACKLEM DRIVE WILMORE KY 40390 CATERER 2137732 SPECTRUM CONTRACTING SERVICES INC 108 WIND HAVEN DRIVE SUITE B NICHOLASVILLE KY 40356 CONSTRUCTION CONTRACTOR 820484 MIKE KERWIN HOMES LLC 1795 ALYSHEBA WAY SUITE 3205 LEXINGTON KY 40509 CONSTRUCTION CONTRACTOR 465661 HAYDEN COMPANY INC 208 SOUTH MAIN ST NICHOLASVILLE KY 40356 CONSTRUCTION CONTRACTOR 253952 FINANCIAL TECHNOLOGIES GROUP INC PO BOX 995 AUBURN AL 36831 SOFTWARE CONSULTANT 247961 9 233977 4928588 656048 5162565 TUITION & FEES 611600 39139807 39139807 AUXILIARY INCOME 611710 6775492 6774984 508 45915299 957496 7259 950237 240980 62541 178439 178439 178439 203629 401661 0 49604 203629 352057 555686 555686 142445 56251 86194 86194 CONTRACTS & OTHER EXCHANGE TRANSA 900099 610491 610491 LUCE CENTER 713940 39643 39643 650134 53505813 46611476 47410 1684362 3500 3500 15703189 15703189 784647 203666 479925 101056 16768871 13341957 2822131 604783 760063 546509 167905 45649 3708288 2666375 819196 222717 1205235 866602 266248 72385 63801 63801 95227 95227 160687 160687 547616 505694 41922 530448 391824 114710 23914 255494 141328 81512 32654 531020 289805 171935 69280 1975789 1889044 86745 796501 610373 86227 99901 198654 118527 14373 65754 375685 301560 74125 3653727 3235790 417937 309073 232685 76388 AUXILIARY SERVICES 2245551 2245551 ACADEMIC SERVICES 1276587 1276587 OTHER EXPENSE 967029 789489 52820 124720 STUDENT SERVICES 921285 921285 53837967 46281340 6093814 1462813 3598098 3166610 7032308 7149047 8563433 5875594 977823 1106234 2510135 2543557 255971 231148 90899 102695 122470016 64734503 57203833 57735513 36518901 39631425 15771722 16021231 4263646 4654125 136786769 138217179 1628663 1827463 6754534 6477918 3311713 3034484 4050171 3716701 15745081 15056566 X 59320144 59233978 24338682 24799044 37382862 39127591 121041688 123160613 136786769 138217179 X -332154 2155551 295528 X X 0 1 X 1 1 1 X 308511 X X X 0 51476916 1329208 3186527 843525 362522 54786604 47791714 615848 4515539 931246 514939 51476916 48870376 1773932 -1412118 921998 518478 47791714 47598860 2143094 518759 928072 462265 48870376 40865331 1511744 6231523 765471 244267 47598860 0.17590 0.71420 0.10990 0 0 2078840 2078840 85132650 39358984 45773666 7521744 4046778 3474966 26153673 21328741 4824932 1583109 1583109 57735513 HEDGE FUNDS 16021231 F 16021231 ANNUITIES PAYABLE 772479 REFUNDABLE US GOVT STUDENT LOAN FUNDS 1544506 STUDENT FEES COLLECTED IN ADVANCE 783431 DEPOSITS HELD IN CUSTODY FOR OTHERS 386938 HEALTH PLAN RESERVE 169308 HOUSE & KEY DEPOSITS 60039 3716701 40227910 2155551 414320 2569871 37658039 15847774 15847774 53505813 38108985 118792 118792 37990193 15847774 15847774 53837967 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 295,528. RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 62,541. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 56,251. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIALS 144,585. STUDENT AID NETTED WITH REVENUE ON FINANCIALS 15,703,189. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 62,541. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 56,251. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 15,703,189. EXPENSES NETTED WITH REVENUE ON FINANCIALS 144,585. 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. 1 STUDENT AID/SCHOLARSHIPS 1542 15703189 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 0 0 0 0 0 0 0 0 DR SANDRA C GRAY PRESIDENT 235391 0 0 0 0 0 14123 0 17965 0 267479 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 2522082 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 X 91 612044 FAIR MARKET VALUE X EQUIPMENT 2 21505 FAIR MARKET VALUE X CD COLLECTION 1 14999 FAIR MARKET VALUE X HORSE 1 7500 FAIR MARKET VALUE 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 2017 AND 2018. 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 295,528. 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.