2016-08-12T14:59:45-05:00 2015-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 FIRST AVE WEST SUITE 200 SEATTLE WA 981194219 990 2015-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1414 - 31ST AVE S PMB 11 SEATTLE WA 98144 PETER O KOELLE SECRETARY 2065456988 2016-08-10 1 HOWARD DONKIN CPA P00147726 2066288990 2016-08-02 2015 2016-12-15 16:53:06Z PATRICK AWUAH 1414 - 31ST AVE S PMB 11 SEATTLE WA 98144 3704061 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 17 16 5 25 0 0 2817568 3468784 0 0 23197 57179 0 5684 2840765 3531647 2342100 1293742 0 0 224757 236010 0 0 192122 179179 211316 2746036 1741068 94729 1790579 5495723 7704445 879217 1308214 4616506 6396231 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 1107989 1046748 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. 244469 218223 UNIVERSITY SUPPORT (INCLUDING SCHOLARSHIPS) - DIRECT SUPPORT PROVIDED FOR UNIVERSITY PROGRAMS AND STUDENT SCHOLARSHIPS. 84104 28771 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. 1436562 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 2 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 1414 31ST S PMB 11 SEATTLE WA 98144 TODD WARREN CHAIRMAN 2.00 X X 0 0 0 PATRICK AWUAH FOUNDATION PRESIDENT 20.00 20.00 X X 46038 44100 25792 NINA MARINI VICE CHAIR 2.00 X X 0 0 0 PETER KOELLE SECRETARY 2.00 X X 0 0 0 SCOTT KUCIREK TREASURER 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 NEIL COLLINS TRUSTEE 1.00 X 0 0 0 EMER DOOLEY TRUSTEE 2.00 X 0 0 0 CONRAD GERHMANN TRUSTEE 2.00 X 0 0 0 SYLVIE GOMIS-TANOH TRUSTEE 1.00 X 0 0 0 KRISTI HELGESON 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 4.00 X 0 0 0 PETER WOICKE TRUSTEE 2.00 X 0 0 0 46038 44100 25792 0 0 0 0 0 3468784 93927 3468784 53648 53648 175945 172414 3531 3531 3531 RECOVERY OF UNCOLLECTI 900099 5684 5684 5684 3531647 0 0 62863 1293742 1293742 63929 12786 12786 38357 145510 36630 40395 68485 13993 4343 4597 5053 12578 3152 3470 5956 28892 28216 676 11515 170 11345 12646 5348 1283 6015 6781 1855 1695 3231 60312 17151 5492 37669 22942 4346 930 17666 55333 55333 714 714 1752 420 456 876 EQUIPMENT EXPENSES 8473 572 1039 6862 1956 680 1276 1741068 1436562 112384 192122 X 164122 190614 3082351 4730634 1291711 967007 788445 1213997 14247 10768 39636 27500 0 12136 140576 548852 14271 30437 5495723 7704445 32490 44736 550000 1050000 296727 213478 879217 1308214 X 3087464 3889997 1404042 2331234 125000 175000 4616506 6396231 5495723 7704445 X 1790579 -19657 8803 X X 0 1 X 1 0 X 2461926 1805025 3604876 2817361 3468784 14157972 2461926 1805025 3604876 2817361 3468784 14157972 4129274 10028698 3778 5331 7107 22569 53673 92458 5684 5684 14256114 0.70350 0.64230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137924 50000 -1046 8332 178546 138928 5788 6792 137924 138672 6724 6468 138928 109869 25000 9963 6160 138672 106791 3078 109869 0.00000 0.99000 0.01000 0 0 39636 27500 12136 12136 3656797 -19657 15755 129052 125150 3531647 0 3531647 1877072 15755 120249 136004 1741068 0 1741068 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT ASHESI UNIVERSITY COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: DISCOUNT ON NOTE PAYABLE 110,028. DISCOUNT ON INTEREST HOUSING LOAN UNIVERSITY 19,024. PART XII, LINE 2D - OTHER ADJUSTMENTS: DISCOUNT ON HOUSING LOAN UNIVERSITY 93,470. IN-KIND INTEREST HOUSING NOTES 26,779. 1 SUB-SAHARAN AFRICA 1 1 GRANTS TO RECIPIENTS LOCATED IN REGION/ PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, PROGRAM SUPPORT AND SCHOLARSHIP MONEY FOR ASHESI UNIVERSITY COLLEGE. 1293742 1 1 0 0 1 1 1293742 0 1293742 SUB-SAHARAN AFRICA TO SUPPORT OPERATIONS AND CONSTRUCTION OF ASHESI UNIVERSITY COLLEGE 1042968 WIRE TRANSFER SUB-SAHARAN AFRICA SCHOLARSHIPS TO ASHESI UNIVERSITY COLLEGE 180120 WIRE TRANSFER SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, PROGRAM SUPPORT 70654 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 TRUSTEES 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 9 93927 STOCK MARKET PRICE 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 11 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 8,803. 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 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 ASHESI UNIVERSITY COLLEGE B 1293742 CASH ASHESI UNIVERSITY COLLEGE P 1146 CASH ASHESI UNIVERSITY COLLEGE E 500000 CASH