2016-04-18T16:46:33-05:00 2015-05-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 432152663 990 2014-06-01 340714626 ASHLAND UNIVERSITY ASHL 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 STEPHEN R STORCK VP FOR FINANCE AND ADMIN 4192895011 2016-04-18 1 GBQ PARTNERS LLC P01380769 6142211120 2014 2016-08-17 19:52:53Z STEPHEN R STORCK 401 COLLEGE AVENUE ASHLAND OH 44805 135495868 0 X WWW.ASHLAND.EDU X 1888 OH INSTITUTION OF HIGHER EDUCATION 38 38 2639 0 675710 0 9575816 6179810 117214865 97216059 1671092 2858972 1144935 779228 129606708 107034069 37582962 17001874 0 0 58572669 53991258 0 0 3782702 30684647 34044079 126840278 105037211 2766430 1996858 224344692 218579779 92999175 85876093 131345517 132703686 X ASHLAND UNIVERSITY EDUCATES AND CHALLENGES STUDENTS TO DEVELOP INTELLECTUALLY AND ETHICALLY, TO SEEK WISDOM AND JUSTICE AND TO PREPARE FOR THE RIGORS OF LIVING AND WORKING AS CITIZENS AWARE OF THEIR GLOBAL RESPONSIBILITIES. 0 0 17001874 17001874 0 SCHOLARSHIPS - OVER 2,500 STUDENTS SERVED 30461506 77423298 INSTRUCTIONAL SUPPORT 24572785 16211342 INSTITUTIONAL SUPPORT 23763647 3910451 OTHER SERVICES: ACADEMIC SUPPORT, STUDENT SERVICES, ADMINISTRATIVE SERVICES AND OTHER AUXILIARY SERVICES. 23763647 3910451 95799812 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 270 0 1 2639 1 1 1 1 CJ 0 0 0 1 1 0 0 X 38 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 OH X STEPHEN R STORCK PHD 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 LISA O MILLER CHAIR OF THE BOARD 1.00 X X 0 0 0 STEPHEN J WILLIAMS VICE CHAIR 1.00 X X 0 0 0 GARY L COURTRIGHT SECRETARY 1.00 X X 0 0 0 THOMAS H PICKERING VICE SECRETARY 1.00 X X 0 0 0 RONALD B ALFORD TRUSTEE 1.00 X 0 0 0 THOMAS A AURANDT TRUSTEE 1.00 X 0 0 0 CHRISTOPHER D BOYD TRUSTEE 1.00 X 0 0 0 FRED B BROAD TRUSTEE 1.00 X 0 0 0 DAVID M BUSH TRUSTEE 1.00 X 0 0 0 MARK E CAMP TRUSTEE 1.00 X 0 0 0 D REX ELSASS TRUSTEE 1.00 X 0 0 0 WAYNE R GERBACH TRUSTEE 1.00 X 0 0 0 DR ARDEN E GILMER TRUSTEE 1.00 X 0 0 0 PATRICIA M GRAVATT TRUSTEE 1.00 X 0 0 0 JONATHON L GROZA TRUSTEE 1.00 X 0 0 0 BROOKS HULL TRUSTEE 1.00 X 0 0 0 DR G EMERY HURD TRUSTEE 1.00 X 0 0 0 DEBORAH L KARL TRUSTEE 1.00 X 0 0 0 JOYCE A LAMB TRUSTEE 1.00 X 0 0 0 BILLIE A MASSIE TRUSTEE 1.00 X 0 0 0 PAUL E MCKNIGHT TRUSTEE 1.00 X 0 0 0 JOHN D MOORE TRUSTEE 1.00 X 0 0 0 P THOMAS MURRAY JR TRUSTEE 1.00 X 0 0 0 DUSTIN J NESS TRUSTEE 1.00 X 0 0 0 VAUGHN L NICKELL TRUSTEE 1.00 X 0 0 0 JEFF PAYTON TRUSTEE 1.00 X 0 0 0 LELAND P REINEKE TRUSTEE 1.00 X 0 0 0 ALAN D ROTH TRUSTEE 1.00 X 0 0 0 TIMOTHY L SOLOMON TRUSTEE 1.00 X 0 0 0 DR DALE R THOMAE TRUSTEE 1.00 X 0 0 0 THOMAS WHATMAN TRUSTEE 1.00 X 0 0 0 CHARLES A WILTROUT TRUSTEE 1.00 X 0 0 0 MITCHELL P ZUNICH TRUSTEE 1.00 X 0 0 0 DANIEL COFFEE TRUSTEE 1.00 X 0 0 0 KEVIN DOSS TRUSTEE 1.00 X 0 0 0 DAVID KRILL TRUSTEE 1.00 X 0 0 0 BRENDA DEAN TRUSTEE 1.00 X 0 0 0 CHARLES H GAMBLE JR TRUSTEE 1.00 X 0 0 0 WILLIAM CROTHERS INTERIM PRESIDENT 40.00 X 140727 0 2064 FREDERICK J FINKS CHANSELOR 40.00 X 350972 0 28062 DOUGLAS FIORE INTERIM PROVOST 40.00 X 87279 0 13487 JOHN C SHULTZ PRESIDENT OF SEMINARY 40.00 X 167393 0 8747 FRANK E PETTIGREW JR PROVOST 40.00 X 153682 0 16585 BRENDA S HEIMANN VP OF STUDENT AFFAIRS 40.00 X 125515 0 4887 CURTIS D WHITE VP OF INFORMATION TECHNOLO 40.00 X 50451 0 6022 SCOTT VAN LOO VP OF MARKETING & ENROLLME 40.00 X 115902 0 21946 PATRICK EWING VP OF FACILITIES MANAGEMEN 40.00 X 99010 0 21917 STEPHEN R STROCK VP FINANCE AND ADMINISTRAT 40.00 X 161101 0 11464 MARGARET A POMFRET VP OF DEVELOPMENT 40.00 X 144172 0 14520 DR PETER W SCHRAMM PROFESSOR/DIR ASHBROOK CEN 40.00 X 153562 0 8509 DAWN WEBER DEAN OF ARTS & SCIENCES 40.00 X 138000 0 8924 STEVEN W POOL PROFESSOR 40.00 X 142870 0 13462 JEFFERY RUSSELL DEAN OF BUSINESS 40.00 X 139123 0 17514 ROGER BECKETT DIRECTOR ASHBROOK CENTER 40.00 X 205233 0 29005 2374992 0 227115 13 0 1 0 GUENTHER MECHANICAL 1248 MIDDLE ROWSBURG RD ASHLAND OH 44805 HVAC 258570 METZGERS INC 207 ARCO DR TOLEDO OH 43607 PRINTING 203495 SIMONSON CONSTRUCTION SERVICES 2112 TROY RD ASHLAND OH 44805 GENERAL CONSTRUCTION CONTRACTOR 172446 S&S COACH CO PO BOX 3071 LEXINGTON OH 44904 GROUND TRANSPORTATION 113721 OTIS ELEVATOR CO PO BOX 73579 CHICAGO IL 60673 ELEVATOR MAINTENANCE 108255 5 332405 143606 5703799 1478765 6179810 TUITION & FEES 611710 77423298 77423298 AUXILIARY ENTERPRISES 611710 16211342 16211342 RELATED ORG ACTIVITIES 611710 3581419 3581419 97216059 1335794 1335794 27558209 26035031 1523178 1523178 1523178 46222 332405 271736 -225514 -225514 3159774 2155032 1004742 329032 675710 107034069 97545091 675710 2633458 17001874 17001874 1745906 1595364 77930 72612 42695709 39045399 1848630 1801680 860198 771064 45100 44034 5370052 4880955 326852 162245 3319393 3047180 140154 132059 74855 71562 3293 42063 40213 1850 122014 101262 1182 19570 2018227 1858043 8006 152178 823377 269665 553712 1746111 1574545 2988 168578 489058 400314 1234 87510 6991610 4027481 2951229 12900 1841975 1796025 43922 2028 3407190 3407190 4277641 4272616 5025 637104 637104 INSTITUTIONAL SUPPORT 4944413 4447673 496740 MISC. AUXILIARY SERVICE 2733285 2733285 STUDENT SERVICES 1728000 1728000 INSTRUCTIONAL COST 827274 827274 1339882 1265724 2445 71713 105037211 95799812 5454697 3782702 8080 8280 2619658 2590452 18010329 13522171 9511379 11073296 753116 796750 425608 520762 237783957 94658114 145849941 143125843 46653132 46425166 513449 517059 224344692 218579779 10794890 10564774 5905888 6842005 40556391 37148630 24325459 21104302 11416547 10216382 92999175 85876093 X 78353623 81125437 15530870 13502730 37461024 38075519 131345517 132703686 224344692 218579779 X 1996858 -415114 -223575 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 5 386.50 1 0 0.00 0 201035 X X 0 39086241 521346 2122397 574450 41155534 36042412 1752197 2771732 1480100 39086241 31162368 2269247 2997370 1072143 4053 36042412 33742546 31273 -1587425 909839 31158315 28827495 1410120 4469943 965012 33742546 0.02760 0.97240 0.00000 0 0 17694682 17694682 172852938 59259169 113593769 38113648 32577313 5536335 9122689 2821632 6301057 143125843 SHORT-TERM CASH HOLDINGS 2165407 C CORPORATE STOCKS 4813364 F FIXED INCOME 7091436 F MUTUAL FUNDS 26835165 F ALTERNATIVE INVESTMENTS 4997063 F OTHER 522731 F 46425166 CAPITAL LEASE OBLIGATIONS 4034035 ACCRUED CHARITABLE GIFT ANNUITY 4106522 ADVANCES FROM FEDERAL GOVERNMENT 2075825 10216382 X 108822148 -638689 2426768 1788079 107034069 0 107034069 104363979 -673232 -673232 105037211 0 105037211 PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED ON THE STATEMENT OF FINANCIAL POSITION AT COST IF PURCHASED AND AT FAIR VALUE AS OF THE DATE OF THE CONTRIBUTION IF RECEIVED BY DONATION. MAJOR IMPROVEMENTS ARE CAPITALIZED AT COST. FOR THE STATEMENT OF ACTIVITIES, NO REVENUES HAVE BEEN GENERATED BY CONSERVATION EASEMENTS AND THEREFORE, NONE RECORDED. EXPENSES FOR UPKEEP AND DEPRECIATION, IF APPLICABLE, ARE CHARGED TO UNRESTRICTED EXPENSE WHEN INCURRED. PART III, LINE 4: VARIOUS PAINTINGS AND SCULPTURES; USED TO STIMULATE ARTISTIC APPRECIATION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 650 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FASB ASC, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX PROVISION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. THE UNIVERSITYS INCOME TAX RETURNS PRIOR TO 2012 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO UNCERTAIN POSITIONS TAKEN BY THE UNIVERSITY IN ITS TAX RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,155,032. SPECIAL EVENT EXPENSES 271,736. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,155,032. SPECIAL EVENT EXPENSES 271,736. WRITE-DOWN OF PLEDGES RECEIVABLE -3,100,000. 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH VARIOUS MEDIA OUTLETS AND PROMOTIONAL MATERIALS IN ORDER TO ENSURE THAT ITS POLICY IS MADE KNOWN TO THE COMMUNITY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL FINANCIAL AID PROGRAMS UNDER THE DIRECTION OF THE DEPARTMENT OF EDUCATION. ASHBROOK MEMORIAL 378627 332405 46222 96337 175399 378627 332405 46222 96337 175399 271736 -225514 1 TUITION WAVER, SCHOLARSHIPS, FINANCIAL AID AND GRANTS 2467 17001874 CASH TUITION WAIVER/EXCHANGE, ASHLAND UNIVERSITY FUNDED AND DONOR FUNDED SCHOLARSHIPS PART I, LINE 2: THE UNIVERSITY AWARDS SCHOLARSHIPS BASED ON THE CRITERIA OF THE DONOR AND/OR THE UNIVERSITY. IF THE STUDENT MEETS THE PROGRAMMED RULES FOR A SCHOLARSHIP AND THE STUDENT IS REGISTERED FOR THE APPROPRIATE NUMBER OF CREDITS, THE FUNDS WILL BE TRANSMITTED TO THE STUDENT'S ACCOUNT. ALL SCHOLARSHIPS ARE APPLIED TO THE DIRECT COSTS OF THE STUDENT, INCLUDING TUITION, FEES, ROOM AND BOARD. THE UNIVERSITY ALSO MONITORS THE ACADEMIC PERFORMANCE OF EACH STUDENT TO MAKE SURE THAT HE/SHE IS MEETING THE ACADEMIC REQUIREMENTS FOR EACH SCHOLARSHIP. X X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 FREDERICK J FINKS CHANSELOR 294637 0 0 0 56335 0 13942 0 14120 0 379034 0 0 0 JOHN C SHULTZ PRESIDENT OF SEMINARY 161502 0 0 0 5891 0 2863 0 5884 0 176140 0 0 0 FRANK E PETTIGREW JR PROVOST 152085 0 0 0 1597 0 2466 0 14119 0 170267 0 0 0 STEPHEN R STROCK VP FINANCE AND ADMINISTRAT 161101 0 0 0 0 0 2856 0 8608 0 172565 0 0 0 MARGARET A POMFRET VP OF DEVELOPMENT 143981 0 0 0 191 0 2562 0 11958 0 158692 0 0 0 DR PETER W SCHRAMM PROFESSOR/DIR ASHBROOK CEN 148492 0 0 0 5070 0 2250 0 6259 0 162071 0 0 0 STEVEN W POOL PROFESSOR 141402 0 0 0 1468 0 1658 0 11804 0 156332 0 0 0 JEFFERY RUSSELL DEAN OF BUSINESS 136515 0 0 0 2608 0 2472 0 15042 0 156637 0 0 0 ROGER BECKETT DIRECTOR ASHBROOK CENTER 205233 0 0 0 0 0 11521 0 17484 0 234238 0 0 0 A OHIO HIGHER EDUCATION FACILITIES COMMISSION 346849674 67756BYP9 2010-06-10 42735000 SEE SCHEDULE O FOR THE DESCRIPTION OF PURPOSE 0 0 0 B TUSCARAWAS COUNTY PORT AUTHORITY 300012117 90069GAA1 2011-03-30 8900000 SEE SCHEDULE O FOR THE DESCRIPTION OF PURPOSE 0 0 0 A 42735000 5913438 235856 2010 1 0 1 1 B 8900000 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 1 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, SCHEDULE K, PART I, LINE B(F) BOND PROCEEDS WERE USED TO PAY OFF THE PREVIOUS 2004 BOND ISSUANCE AND ACCRUED INTEREST, TO PAY FOR ISSUANCE COSTS, AND TO FUND DEBT SERVICE AND INTEREST SERVICE RESERVES. THE ISSUE WAS MADE UP OF THREE SEPARATE CUSIP'S: 67756BYP9 - PROCEEDS OF $ 3,700,000 67756BXZ8 - PROCEEDS OF $ 1,860,000 67756BYA2 - PROCEEDS OF $37,175,000 FORM 990, SCHEDULE K, PART I, LINE B(F) BOND PROCEEDS WERE USED FOR CAPITAL IMPROVEMENTS AND BUILDING RENOVATIONS. THE ISSUE WAS MADE UP OF TWO SEPARATE BONDS: 3/30/11 - PROCEEDS OF $4,000,000 3/30/11 - PROCEEDS OF $4,900,000 X 11 1478765 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE CONTROLLER AND THE VP FOR FINANCE AND ADMINISTRATION. IT IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW BOTH PRIOR TO ITS FILING AND AT ANY TIME DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNIARES ARE COMPLETED BY ALL TRUSTEES OF THE UNIVERSITY ANNUALLY. THE AUDIT AND COMPLIANCE COMMITTEEE AND THE CHAIR OF THE BOARD REVIEW THE QUESTIONARES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE PRESIDENT'S COMPENSATION. THE PRESIDENT DETERMINES ALL OTHER EMPLOYEES' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT ON SITE AND MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -223,575. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT AND COMPLIANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.