2017-05-15T15:57:53-05:00 2016-06-30 272616366 EBELHAR WHITEHEAD PLLC 100 WEST THIRD STREET SUITE 200 OWENSBORO KY 42303 990 2015-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2017-05-15 1 JOSHUA D MEYER CPA P01229485 2709262922 2015 2021-01-29 14:40:06Z ASBURY UNIVERSITY SANDRA C GRAY 1 MACKLEM DRIVE WILMORE KY 40390 68397066 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. 19 19 1419 19 38278 0 18141559 12011518 42621033 43890653 1764922 666506 1001361 1195810 63528875 57764487 13643858 14291490 0 0 21881965 22346506 0 0 1620323 15530213 13709167 51056036 50347163 12472839 7417324 127157972 131296216 16381001 16109950 110776971 115186266 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 41750455 14291490 44920675 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 ASSOCIATION 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 1,850 STUDENTS. 41750455 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 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 1 0 0 0 0 0 0 0 1 2445 0 1 1419 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 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 X 0 0 0 MARK H WHITWORTH VICE CHAIR 4.00 X X 0 0 0 RONALD W TARRANT SECRETARY 4.00 X X 0 0 0 AARON AMMERMAN TRUSTEE 2.00 X 0 0 0 RONALD BALL TRUSTEE 2.00 X 0 0 0 DAVID BRAZELTON TRUSTEE 2.00 X 0 0 0 LARRY W GREEN TRUSTEE 2.00 X 0 0 0 DEBORAH KAY HAYDEN TRUSTEE 2.00 X 0 0 0 MORRIS E HINTZMAN TRUSTEE 2.00 X 0 0 0 GREGORY B ISAACS TRUSTEE 2.00 X 0 0 0 DENISE L ROBINSON JONES TRUSTEE 2.00 X 0 0 0 MARGARET G KIM TRUSTEE 2.00 X 0 0 0 SARAH LUCE TRUSTEE 2.00 X 0 0 0 NATHAN R MOWERY 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 ROBERT F WILEY TRUSTEE 2.00 X 0 0 0 MELVIN BOWDAN JR TRUSTEE 2.00 X 0 0 0 E SUE SWANSAN TRUSTEE 2.00 X 0 0 0 SANDRA C GRAY PRESIDENT 40.00 X 233834 0 31320 JONATHAN S KULAGA PROVOST 40.00 X 130210 0 27322 MARK J TROYER VP FOR ENROLLMENT MANAGEMENT 40.00 X 110898 0 20397 GLENN HAMILTON VP FOR BUSINESS AFFAIRS & TREASURY 40.00 X 93768 0 20931 SARAH BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 81629 0 20839 CHARLES SHEPARD II VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 113517 0 23159 763856 0 143968 4 0 1 0 PIONEER COLLEGE CATERERS 12351 WEST 96TH TERRACE SUITE 204 LENEXA KS 66215 FOOD SERVICE 2125253 ROOF SERVICES LLC 4475 ROCKWELL ROAD WINCHESTER KY 40391 CONSTRUCTION 462135 WOODFORD BUILDERS PO BOX 12977 LEXINGTON KY 40583 CONSTRUCTION 299867 CLAY CORMAN EXCAVATING INC 1151 JESSAMINE STATION RD NICHOLASVILLE KY 40356 CONSTRUCTION 253750 RIDELL BOILER SERVICE LLC 1050 ELIZABETH STREET UNIT 5 NICHOLASVILLE KY 40356 HVAC 190370 11 12011518 236640 12011518 TUITION & FEES 611600 37336386 37336386 AUXILIARY INCOME 611710 6554267 6554267 43890653 657843 -829 658672 247042 120361 126681 126681 126681 10436477 31000 10445086 13728 -8609 17272 8663 8663 131102 53404 77698 77698 CONTRACTS & OTHER EXCHANGE TRANSA 900099 952324 952324 LUCE CENTER 713940 39107 39107 991431 57764487 44920675 38278 794016 14291490 14291490 860241 184308 561066 114867 16251589 12932392 2686347 632850 729019 543346 132203 53470 3349016 2279023 798450 271543 1156641 855167 213188 88286 42475 42475 121039 121039 180892 170027 435 10430 515759 316654 149732 49373 569489 416337 122691 30461 460034 336998 94255 28781 2195339 2042187 122691 30461 767977 548654 106370 112953 76523 65863 4126 6534 326969 305444 21525 3178033 2927619 250414 242010 186812 55198 AUXILLIARY SERVICES 1926091 1926091 STUDENT SERVICES 949149 949149 LIBRARY SERVICES 382898 382898 1774490 89996 1494180 190314 50347163 41750455 6976385 1620323 1831503 2439708 2789568 7501273 8649242 10994152 2438054 905142 2567691 2513090 276618 300483 97109 53900 117058675 59432218 57402616 57626457 31863652 30001179 14218144 14571759 5023775 4389073 127157972 131296216 2014734 2167666 7277643 7020984 3345847 3243549 3742777 3677751 16381001 16109950 X 56738623 56675324 18955249 21966324 35083099 36544618 110776971 115186266 127157972 131296216 X 7417324 -2050867 -957162 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 308511 X X X 0 48870376 1773932 -1412118 921998 518478 47791714 47598860 2143094 518759 928072 462265 48870376 40865331 1511744 6231523 765471 244267 47598860 37696469 2259190 2101306 711375 480259 40865331 38002764 671639 507295 1485229 37696469 0.17670 0.76470 0.05860 0 0 837971 2078840 2916811 2107650 78686336 36440033 44353953 7282732 3474716 3808016 24100697 19517469 4583228 1964449 1964449 57626457 HEDGE FUNDS (NON-PUBLICLY TRADED) 14571759 F 14571759 ANNUITIES PAYABLE 917612 REFUNDABLE US GOVT STUDENT LOAN FUNDS 1630567 STUDENT FEES COLLECTED IN ADVANCE 467091 DEPOSITS HELD IN CUSTODY FOR OTHERS 446939 HEALTH PLAN RESERVE 202127 HOUSING & KEY DEPOSITS 13415 3677751 X 40518372 -2050867 -903758 -2954625 43472997 14291490 14291490 57764487 36109077 53404 53404 36055673 14291490 14291490 50347163 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 X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION (512)(A)(1) OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. THE UNIVERSITY FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 53,404. CHANGE IN RESERVE FOR NONCOLLECTIBLE CONTRIBUTIONS -774,155. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -182,484. CHANGE IN VALUE OF BENEFICIAL INTERESTS -523. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 14,291,490. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 53,404. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 14,291,490. 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 DISCOUNTS 1606 14291490 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 SANDRA C GRAY PRESIDENT 225034 0 0 0 8800 0 14100 0 17220 0 265154 0 0 0 JONATHAN S KULAGA PROVOST 129934 0 0 0 276 0 7930 0 19392 0 157532 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 1979016 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 0 A 0 X 7 122345 STOCK QUOTE X CAMERAS 3 35597 COMPARABLE SALES X FURNITURE & FIXTURES 2 33469 COMPARABLE SALES X SUPPLIES 1 28880 COMPARABLE SALES X HORSE CARRIAGES 3 16350 COMPARABLE SALES 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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 REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND IDENTIFIES ANY EXISTING CONFLICTS, OR AFFIRMS 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 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, EXECUTIVE DIRECTOR, 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 2015. 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 OFFICERS. THIS DATA WAS LAST COMPILED DURING THE SPRING OF 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT IS AVAILALBLE 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 AGREEMENT -182,484. CHANGE IN BENEFICIAL INTEREST IN TRUSTS -523. CHANGE IN RESERVE FOR NONCOLLECTIBLE CONTRIBUTIONS -774,155.