2018-10-17T22:27:20-05:00 2017-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2017-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1601 5TH AVE STE 1100 SEATTLE WA 98101 PETER O KOELLE SECRETARY 2065456988 2018-09-25 1 HOWARD DONKIN CPA P00147726 2066288990 2018-09-25 209.210.254.4 2018-09-25 17:33:02 PD P CEBD717F4B3351FF1B977296098DBAF35E2BFDE6 D2ADFC151B561295E97AE57AEA9A2A3C26389327 2017 2018-06-14 16:35:46Z PATRICK AWUAH 1601 5TH AVE STE 1100 SEATTLE WA 98101 5217112 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 16 15 6 25 0 0 4748605 4564036 0 0 77366 87875 8567 -10476 4834538 4641435 2835802 4499102 0 0 275953 325841 0 0 241251 247861 270528 3359616 5095471 1474922 -454036 9207012 8767536 1330048 1303073 7876964 7464463 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 3674232 3510000 CAMPUS EXPANSION: TO SERVE ASHESI'S GROWING STUDENT BODY, WE ARE RAISING FUNDS TO BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES. 900927 856102 SCHOLARSHIPS: AS ASHESI GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 47% OF ASHESI'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 133000 133000 PROGRAM GROWTH: TO PROVIDE STUDENTS WITH THE HIGHEST QUALITY EDUCATION, WE ARE RAISING FUNDS TO INVEST IN FACULTY DEVELOPMENT. TO HELP SCALE ASHESI'S MODEL, WE ARE RAISING FUNDS TO EXPAND OUR IDEA SHARING PLATFORM. THE EDUCATION COLLABORATIVE, LAUNCHED IN 2017, BRINGS TOGETHER AFRICAN UNIVERSITY LEADERS AND STAKEHOLDERS TO COLLABORATE ON BEST PRACTICES IN TEACHING, MANAGEMENT, AND ADMINISTRATION. 4708159 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 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 16 15 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 AVENUE SUITE 1100 SEATTLE WA 981011650 NINA MARINI BOARD CHAIR 2.00 X X 0 0 0 EMER DOOLEY 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 REGGIE BROWN 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 LISA NORTON TRUSTEE 2.00 X 0 0 0 PATRICK NUTOR TRUSTEE 1.00 X 0 0 0 SPENCER TOM 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 PETER WOICKE TRUSTEE 2.00 X 0 0 0 PATRICK AWUAH FOUNDATION PRESIDENT 20.00 20.00 X X 70000 47203 20676 70000 47203 20676 0 0 0 0 0 745143 3818893 567687 4564036 87357 87357 568205 7990 567687 7990 518 0 518 518 RECOVERY OF UNCOLLECTI 900099 -10476 -10476 -10476 4641435 0 0 77399 4499102 4499102 96090 19218 19218 57654 190481 48515 53725 88241 23046 6662 7129 9255 16224 4110 4543 7571 15634 15634 31929 31929 18679 2160 12019 4500 274 40 200 34 19921 8493 2736 8692 17285 4200 4486 8599 59360 26931 3599 28830 24047 6477 2299 15271 59641 59641 4284 4284 7367 1768 1916 3683 EQUIPMENT EXPENSES 12107 924 2262 8921 5095471 4708159 146061 241251 X 147312 542079 5043517 3106421 2112219 3106862 1243723 1197503 21394 20288 31646 28078 7852 3568 587495 749546 43500 41269 9207012 8767536 49958 71356 1050000 1007692 230090 224025 1330048 1303073 X 3103854 2926648 4548110 4262815 225000 275000 7876964 7464463 9207012 8767536 X -454036 43228 -1693 X X 0 1 X 1 0 X 3604876 2817361 3468784 4748605 4564036 19203662 3604876 2817361 3468784 4748605 4564036 19203662 5292749 13910913 7107 22569 53673 76312 87357 247018 5684 8567 -10476 3775 19454455 0.71510 0.67900 X 234522 150000 22041 1000 405563 178546 50000 6979 1000 234522 137924 50000 -1046 8332 178546 138928 5788 6792 137924 138672 6724 6468 138928 0.00000 0.68000 0.32000 0 0 31646 28078 3568 3568 4723083 43228 7717 30703 81648 4641435 0 4641435 5135584 7717 32396 40113 5095471 0 5095471 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 30,703. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 32,396. 1 SUB-SAHARAN AFRICA 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION/ PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, SCHOLARSHIPS, PROGRAM SUPPORT, VEHICLE PURCHASES, AND STUDENT HOUSING. 4499102 1 0 0 0 1 0 4499102 0 4499102 SUB-SAHARAN AFRICA NEW CAMPUS CONSTRUCTION 3330000 WIRE TRANSFER SUB-SAHARAN AFRICA SCHOLARSHIPS 221887 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SUPPORT 767215 WIRE TRANSFER SUB-SAHARAN AFRICA VEHICLE PURCHASE 180000 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. TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 961538 0 1 1 CONRAD GEHRMANN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 50000 46154 0 1 1 1007692 X 6 567687 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TODD WARREN, BOARD MEMBER, AND RUTH WARREN, BOARD MEMBER, ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY SENIOR STAFF MEMBERS BEFORE BEING EMAILED TO MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW. ASHESI'S FINANCE COMMITTEE WILL REVIEW THE 990 AND RECOMMEND IT FOR APPROVAL BY 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 -1,693. 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 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 ASHESI UNIVERSITY COLLEGE B 4499102 CASH ASHESI UNIVERSITY COLLEGE E 500000 CASH