2018-05-14T11:05:54-05:00 2017-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2016-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2018-05-08 1 ALLISON C CARTER P01242412 8592552341 2016 2022-09-23 18:48:47Z ASBURY UNIVERSITY SANDRA C GRAY 1 MACKLEM DRIVE WILMORE KY 40390 58689265 0 X WWW.ASBURY.EDU X 1904 KY A CHRISTIAN LIBERAL ARTS UNIVERSITY COMMITTED TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, EQUIPPING STUDENTS FOR A LIFETIME OF LEARNING, LEADERSHIP, AND SERVICE. 20 20 1420 20 46713 0 12011518 6846098 43890653 44203259 666506 2759105 1195810 937818 57764487 54746280 14291490 14604823 0 0 22346506 22875446 0 0 1378201 13709167 14174850 50347163 51655119 7417324 3091161 131296216 136786769 16109950 15745081 115186266 121041688 X THE MISSION OF ASBURY UNIVERSITY, AS A CHRISTIAN LIBERAL ARTS UNIVERSITY IN THE WESLEYAN-HOLINESS TRADITION, IS TO EQUIP MEN AND WOMEN, THROUGH A COMMITMENT TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, FOR A LIFETIME OF LEARNING, LEADERSHIP, AND SERVICE TO THE PROFESSIONS, SOCIETY, THE FAMILY AND THE CHURCH, THEREBY PREPARING THEM TO ENGAGE THEIR CULTURES AND ADVANCE THE CAUSE OF CHRIST AROUND THE WORLD. 0 0 43078557 14604823 44959769 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 1,956 STUDENTS. 43078557 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 2420 0 1 1420 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 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 LARRY D BROWN BOARD CHAIR 4.00 X 0 0 0 MARK H WHITWORTH VICE CHAIR 4.00 X 0 0 0 RONALD W TARRANT SECRETARY 4.00 X 0 0 0 AARON AMMERMAN TRUSTEE 2.00 X 0 0 0 ELAINE A BERNIUS TRUSTEE 2.00 X 0 0 0 LTC MELVIN R BOWDAN JR TRUSTEE 2.00 X 0 0 0 REVDRDAVID BRAZELTON 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 REVDR MORRIS E HINTZMAN TRUSTEE 2.00 X 0 0 0 GREGORY B ISSACS CPA TRUSTEE 2.00 X 0 0 0 DR DENEESE LAKAY ROBINSON JONES TRUSTEE 2.00 X 0 0 0 MARGARET G KIM TRUSTEE 2.00 X 0 0 0 SARAH L LUCE TRUSTEE 2.00 X 0 0 0 NATHAN R MOWERY 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 DAVID L STEVENS MD 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 235391 0 34347 DR JON KULAGA PROVOST 40.00 X 125246 0 59084 DR CHARLIE SHEPARD VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 115891 0 21097 DR MARK J TROYER VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 101712 0 29780 GLENN R HAMILTON VP FOR BUSINESS AFFAIRS & TREASURER 40.00 X 100961 0 44971 DR SARAH B BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 84239 0 19285 DR WILLIAM HALL VP FOR ENROLLMENT MANAGEMENT 40.00 X 79103 0 34113 842543 0 242677 5 0 1 0 MIKE KERWIN HOMES LLC 1795 ALYSHEBA WAY STE 3205 LEXINGTON KY 40509 CONSTRUCTION CONTRACTOR 1969061 JARBOE CONSTRUCTION INC 1017 SOUTH BROADWAY LEXINGTON KY 40504 CONSTRUCTION CONTRACTOR 486744 PIONEER COLLEGE CATERERS 1 MACKLEM DRIVE WILMORE KY 40390 CATERER 369902 CAMPUS MANAGEMENT CORP 5201 CONGRESS AVE BOCA RATON FL 33487 SOFTWARE/CONSULTANT 345889 HAYDEN COMPANY INC 208 SOUTH MAIN ST NICHOLASVILLE KY 40356 CONSTRUCTION CONTRACTOR 229465 13 229951 6616147 32344 6846098 TUITION & FEES 611600 37425775 37425775 AUXILIARY INCOME 611710 6777484 6777484 44203259 846803 9460 837343 250638 106583 144055 144055 144055 5641523 47253 3774431 2043 1867092 45210 1912302 1912302 119007 59928 59079 59079 CONTRACTS & OTHER EXCHANGE TRANSA 900099 697431 697431 LUCE CENTER 713940 37253 37253 734684 54746280 44959769 46713 2893700 2400 2400 14602423 14602423 866196 176166 567901 122129 16370001 13098616 2657583 613802 734319 524435 170724 39160 3731266 2664792 867493 198981 1173664 838206 272869 62589 18642 18642 102746 102746 174757 174757 577033 394831 177159 5043 494421 340096 122991 31334 337604 206945 113274 17385 572425 438300 107068 27057 1587593 1347560 192026 48007 668881 492427 97658 78796 76532 47884 28648 346558 285175 61383 3487485 2870945 616540 412859 189452 223407 AUXILIARY SERVICES 2332415 2332415 OTHER EXPENSE 1013371 253961 625492 133918 ACADEMIC SERVICES 1003010 1003010 STUDENT SERVICES 968518 968518 51655119 43078557 7198361 1378201 2439708 3598098 7501273 7032308 10994152 8563433 905142 977823 2513090 2510135 300483 255971 53900 90899 118439300 61235467 57626457 57203833 30001179 36518901 14571759 15771722 4389073 4263646 131296216 136786769 2167666 1628663 7020984 6754534 3243549 3311713 3677751 4050171 16109950 15745081 X 56675324 59320144 21966324 24338682 36544618 37382862 115186266 121041688 131296216 136786769 X 3091161 1988582 743986 31693 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 308511 X X X 0 47791714 615848 4515539 931246 514939 51476916 48870376 1773932 -1412118 921998 518478 47791714 47598860 2143094 518759 928072 462265 48870376 40865331 1511744 6231523 765471 244267 47598860 37696469 2259190 2101306 711375 480259 40865331 0.17910 0.72620 0.09470 0 0 2078840 2078840 80228552 37325000 42903552 7423498 3771141 3652357 25091632 20139326 4952306 3616778 3616778 57203833 HEDGE FUNDS 15771722 F 15771722 ANNUITIES PAYABLE 844597 REFUNDABLE US GOVT STUDENT LOAN FUNDS 1637282 STUDENT FEES COLLECTED IN ADVANCE 835246 DEPOSITS HELD IN CUSTODY FOR OTHERS 510143 HEALTH PLAN RESERVE 202499 HOUSE & KEY DEPOSITS 20404 4050171 42049275 1988582 942190 2930772 39118503 15627777 15627777 54746280 36193853 166511 166511 36027342 15627777 15627777 51655119 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 31,693. PRIOR PERIOD ADJUSTMENT 743,986. RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 106,583. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 59,928. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED WITH REVENUE ON FINANCIALS 1,025,354. STUDENT AID NETTED WITH REVENUE ON FINANCIALS 14,602,423. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 106,583. COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 59,928. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID NETTED WITH REVENUE ON FINANCIALS 14,602,423. EXPENSES NETTED WITH REVENUE ON FINANCIALS 1,025,354. 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 1565 14602423 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 20224 0 269738 0 0 0 DR JON KULAGA PROVOST 125246 0 0 0 0 0 7515 0 51569 0 184330 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 2245463 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 DECOR 1 23239 FAIR MARKET VALUE X HORSE 1 4500 FAIR MARKET VALUE X SUPPLIES 3 1806 FAIR MARKET VALUE X HORSE SUPPLIES 2 1800 FAIR MARKET VALUE X EQUIPMENT 2 1000 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 2015 AND 2017, BUT NOT IN 2016. 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 31,693. 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.