2017-09-15T17:58:57-05:00 2016-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2016-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1601 5TH AVE STE 1100 SEATTLE WA 98101 PETER O KOELLE SECRETARY 2065456988 2017-09-14 1 HOWARD DONKIN CPA P00147726 2066288990 2017-09-06 209.210.254.4 2017-09-14 14:39:24 PD P A1177F25744FFED9176346152E901939A769EEFD BAA30D7C5F8341EAA7486FB010C3DF2FC83371D1 2016 2021-01-29 14:40:06Z X PATRICK AWUAH 1601 5TH AVE STE 1100 SEATTLE WA 98101 4923015 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 17 16 5 25 0 0 3468784 4748605 0 0 57179 77366 5684 8567 3531647 4834538 1293742 2835802 0 0 236010 275953 0 0 222741 211316 247861 1741068 3359616 1790579 1474922 7704445 9207012 1308214 1330048 6396231 7876964 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 2660727 2581921 ASHESI 2020 - FUND PROGRAMS AND INFRASTRUCTURE TO SUPPORT THE FOLLOWING IMPACT PRIORITIES: 1) INCREASING DIVERSITY BY EXPANDING STUDENT BODY AND BECOMING MORE PAN-AFRICAN; 2) ADDING NEW HIGH-IMPACT MAJORS - ENGINEERING FIRST FOLLOWED BY ECONOMICS, LAW, AND CIVIL SOCIETY; 3) BUILDING CAMPUS INFRASTRUCTURE TO SUPPORT EXPANSION OF STUDENT BODY; 4) BUILDING THE GHANA CLIMATE INNOVATION CENTER TO HELP GREEN TECH ENTREPRENEURS DEVELOP AND SCALE INNOVATIVE SOLUTIONS TO CLIMATE CHANGE AND INCREASE GHANA'S RESILIENCE TO CLIMATE CHANGES. 235466 201694 PROGRAM SUPPORT AND SCHOLARSHIPS: DIRECT SUPPORT PROVIDED FOR UNIVERSITY PROGRAMS AND STUDENT SCHOLARSHIPS. 51% OF ASHESI'S STUDENTS RECEIVED FINANCIAL AID, FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 114187 52187 STUDENT HOUSING: IN ORDER TO ENSURE ALL ASHESI STUDENTS HAVE APPROPRIATE HOUSING, AUF IS WORKING TO ADD SEVERAL DORMITORIES TO ASHESI'S CAMPUS. HOUSING REVENUE NOTES WERE OFFERED TO HELP FUND CONSTRUCTION. 3010380 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 3 0 1 5 1 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 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 1.00 X 0 0 0 PATRICK NUTOR TRUSTEE 1.00 X 0 0 0 GURDEEP PALL 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 42700 44100 17891 42700 44100 17891 0 0 0 0 0 284857 4463748 88477 4748605 76312 76312 89531 88477 1054 1054 1054 RECOVERY OF UNCOLLECTI 900099 8567 8567 8567 4834538 0 0 85933 2835802 2835802 65019 13004 13004 39011 173566 43420 47773 82373 22465 6740 6678 9047 14903 3714 4081 7108 28651 28651 39070 4800 16270 18000 635 423 100 112 16422 5469 3259 7694 7443 1784 1925 3734 58963 25207 2350 31406 19196 2146 1184 15866 62000 62000 4284 4284 3640 1524 724 1392 EQUIPMENT EXPENSES 7557 63 496 6998 3359616 3010380 126495 222741 X 190614 147312 4730634 5043517 967007 2112219 1213997 1243723 10768 21394 39636 31784 12136 7852 548852 587495 30437 43500 7704445 9207012 44736 49958 1050000 1050000 213478 230090 1308214 1330048 X 3889997 3103854 2331234 4548110 175000 225000 6396231 7876964 7704445 9207012 X 1474922 8082 -2271 X X 0 1 X 1 0 X 1805025 3604876 2817361 3468784 4748605 16444651 1805025 3604876 2817361 3468784 4748605 16444651 5157609 11287042 5331 7107 22569 53673 76312 164992 5684 8567 14251 16623894 0.67900 0.70350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178546 50000 6979 1000 234522 137924 50000 -1046 8332 178546 138928 5788 6792 137924 138672 6724 6468 138928 109869 25000 9963 6160 138672 0.00000 0.96000 0.04000 0 0 39636 31784 7852 7852 4886377 8082 14031 29726 51839 4834538 0 4834538 3405644 14031 31997 46028 3359616 0 3359616 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 29,726. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 31,997. 1 SUB-SAHARAN AFRICA 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION/ PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, PROGRAM SUPPORT AND SCHOLARSHIP MONEY FOR ASHESI UNIVERSITY COLLEGE. 2835802 1 0 0 0 1 0 2835802 0 2835802 SUB-SAHARAN AFRICA NEW CAMPUS CONSTRUCTION 2581921 WIRE TRANSFER SUB-SAHARAN AFRICA SCHOLARSHIPS 128896 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SUPPORT 72798 WIRE TRANSFER SUB-SAHARAN AFRICA HOUSING SUPPORT 52187 WIRE TRANSFER 1 0 0 0 0 0 0 PART I, LINE 2: PERIODICALLY THE BOARD OF TRUSTEES REVIEWS FINANCIAL REPORT STATEMENTS FROM ASHESI UNIVERSITY COLLEGE. TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 1000000 0 1 1 CONRAD GEHRMANN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 50000 50000 0 1 1 1050000 X 4 88477 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TODD WARREN, BOARD CHAIRMAN, 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 ANNUALLY BY THE BOARD OF TRUSTEES. THE PRESIDENT IS NOT PRESENT WHILE COMPENSATION IS BEING DISCUSSED. COMPARABLE DATA IS GATHERED FROM TRUSTEE RESEARCH OF GHANAIAN AND US SALARIES FOR FOUNDATION HEADS AND CEOS AT UNIVERSITIES AND OTHER NON PROFIT ORGANIZATIONS. THE COMPENSATION PACKAGE IS APPROVED BY A 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 AUDITED FINANCIAL REPORTS THAT 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 -2,271. 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 2835802 CASH ASHESI UNIVERSITY COLLEGE E 500000 CASH