2015-04-15T09:51:22-05:00 2014-05-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 432152663 990 2013-06-01 340714626 ASHLAND UNIVERSITY ASHL 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 STEPHEN R STORCK VP FOR FINANCE AND ADMIN 4192895011 2015-04-15 1 GBQ PARTNERS LLC P01380769 6142211120 2013 2016-02-25 16:41:14Z STEPHEN R STORCK 401 COLLEGE AVENUE ASHLAND OH 44805 180569991 0 X WWW.ASHLAND.EDU X 1888 OH INSTITUTION OF HIGHER EDUCATION 39 39 2811 0 709169 0 11176596 9575816 117191364 117214865 2369028 1671092 1659863 1144935 132396851 129606708 35456910 37582962 0 0 60040980 58572669 0 0 4097842 36462189 30684647 131960079 126840278 436772 2766430 232711030 224344692 103054679 92999175 129656351 131345517 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 37582962 37582962 SCHOLARSHIPS - OVER 2,500 STUDENTS SERVED 31634179 98290976 INSTRUCTIONAL SUPPORT 25696960 16116809 INSTITUTIONAL SUPPORT 21917589 3304590 OTHER SERVICES: ACADEMIC SUPPORT, STUDENT SERVICES, ADMINISTRATIVE SERVICES AND OTHER AUXILIARY SERVICES. 21917589 3304590 116831690 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 1 293 0 1 2811 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 39 39 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 MARK E CAMP 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 HARRY A HILL 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 ROBERT C INGMAND 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 PAUL E MCKNIGHT TRUSTEE 1.00 X 0 0 0 JACK K MILLER TRUSTEE 1.00 X 0 0 0 DONALD T MISHEFF TRUSTEE 1.00 X 0 0 0 JOHN D MOORE 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 ALFRED E PILONG JR 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 DR EMANUEL W SANDBERG 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 ROBERT E TROOP 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 FREDERICK J FINKS PRESIDENT 40.00 X 358535 0 86543 JAMES L KIRTLAND VP BUSINESS AFFAIRS 40.00 X 153458 0 46863 JOHN C SHULTZ PRESIDENT OF SEMINARY 40.00 X 164447 0 29448 FRANK E PETTIGREW JR PROVOST 40.00 X 175140 0 27221 RON HUIATT VP OF DEVELOPMENT 40.00 X 59801 0 8957 BRENDA S HEIMANN VP OF STUDENT AFFAIRS 40.00 X 132965 0 12778 CURTIS D WHITE VP OF INFORMATION TECHNOLO 40.00 X 135013 0 34797 SCOTT VAN LOO VP OF MARKETING & ENROLLME 40.00 X 116523 0 26827 PATRICK EWING VP OF FACILITIES MANAGEMEN 40.00 X 99387 0 26567 STEPHEN R STORCK VP FINANCE AND ADMINISTRATION 40.00 X 56153 0 7574 MARGARET A POMFRET VP OF DEVELOPMENT 40.00 X 137095 0 25876 DR PETER W SCHRAMM PROFESSOR/DIR ASHBROOK CEN 40.00 X 179131 0 23230 DAWN WEBER DEAN OF ARTS & SCIENCES 40.00 X 138273 0 17811 STEVEN W POOL PROFESSOR 40.00 X 135992 0 20430 JEFFERY RUSSELL DEAN OF BUSINESS 40.00 X 139969 0 24528 ROGER BECKETT DIRECTOR ASHBROOK CENTER 40.00 X 163993 0 30589 2345875 0 450039 13 0 1 0 METZGERS INC 207 ARCO DR TOLEDO OH 43607 PRINTING 129375 S&S COACH CO PO BOX 73579 CHICAGO IL 60673 GROUND TRANSPORTATION 108958 OTIS ELEVATOR CO PO BOX 73579 CHICAGO IL 60673 ELEVATOR MAINTENANCE 102433 HOBSONS INC 10300 ALLIANCE RD SUITE 301 CINCINNATI OH 45242 SOFTWARE AND CONSULTING 100333 5 38150 818802 8718864 1334411 9575816 TUITION & FEES 611710 98290976 98290976 AUXILIARY ENTERPRISES 611710 16116809 16116809 RELATED ORG ACTIVITIES 611710 2807080 2807080 117214865 921483 921483 49591782 48842173 749609 749609 749609 15119 38150 76863 -61744 -61744 3250926 2044247 1206679 497510 709169 129606708 117712375 709169 1609348 37582962 37582962 1921968 1751985 92608 77375 45512457 41564946 2086010 1861501 1259406 1137335 72029 50042 6253507 5652044 386799 214664 3625331 3347015 146725 131591 131410 127591 3819 87359 84821 2538 138399 114860 1341 22198 1185942 984231 11493 190218 421708 53589 368119 1531952 1363661 2275 166016 396752 310761 487 85504 7024312 3920491 3055888 47933 1536175 1358551 46308 131316 8407 8407 2607686 2607686 4209633 4204608 5025 598848 598848 INSTITUTIONAL SUPPORT 3845851 3166484 679367 MISC. AUXILIARY SERVICE 2981880 2981880 STUDENT SERVICES 1739013 1739013 INSTRUCTIONAL COST 673318 673318 1566002 1496603 3758 65641 126840278 116831690 5910746 4097842 10010 8080 4872557 2619658 17089137 18010329 7929879 9511379 837744 753116 287485 425608 236245281 90395340 148947463 145849941 48386716 46653132 4350039 513449 232711030 224344692 10623670 10794890 6150986 5905888 43919187 40556391 30813168 24325459 11547668 11416547 103054679 92999175 X 74603248 78353623 19941072 15530870 35112031 37461024 129656351 131345517 232711030 224344692 X 2766430 -1222554 145290 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 5 386.50 0 0 1 0 0.00 0 0 201035 0 0 X X 0 36042412 1752197 2771732 1480100 39086241 31162368 2269247 2997370 1072143 4053 36042412 33742546 31273 -1587425 909839 31158315 28827495 1410120 4469943 965012 33742546 26931397 1307544 1629172 1040618 28827495 0.01890 0.98110 0.00000 0 0 17694682 17694682 172370851 56416661 115954190 32937183 28719930 4217253 13242565 5258749 7983816 145849941 SHORT-TERM CASH HOLDINGS 2321836 C CORPORATE STOCKS 3820409 F FIXED INCOME 7074384 F MUTUAL FUNDS 26941863 F ALTERNATIVE INVESTMENTS 5707207 F OTHER 787433 F 46653132 CAPITAL LEASE OBLIGATIONS 4846604 ACCRUED CHARITABLE GIFT ANNUITY 4496446 ADVANCES FROM FEDERAL GOVERNMENT 2073497 11416547 X 134509205 2636097 2266400 4902497 129606708 0 129606708 128961388 2121110 2121110 126840278 0 126840278 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 2011 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 2,044,247. SPECIAL EVENT EXPENSES 76,863. UNREALIZED GAIN ON INTEREST RATE SWAP 145,290. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,044,247. SPECIAL EVENT EXPENSES 76,863. 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 53269 38150 15119 8724 68139 53269 38150 15119 8724 68139 76863 -61744 1 TUITION WAVER, SCHOLARSHIPS, FINANCIAL AID AND GRANTS 2548 37582962 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 PRESIDENT 294847 0 0 0 63688 0 73000 0 13543 0 445078 0 0 0 JAMES L KIRTLAND VP BUSINESS AFFAIRS 152565 0 0 0 893 0 12000 0 34863 0 200321 0 0 0 JOHN C SHULTZ PRESIDENT OF SEMINARY 160257 0 0 0 4190 0 15905 0 13543 0 193895 0 0 0 FRANK E PETTIGREW JR PROVOST 172677 0 0 0 2463 0 13679 0 13542 0 202361 0 0 0 CURTIS D WHITE VP OF INFORMATION TECHNOLO 134586 0 0 0 427 0 13585 0 21212 0 169810 0 0 0 MARGARET A POMFRET VP OF DEVELOPMENT 136860 0 0 0 235 0 10058 0 15818 0 162971 0 0 0 DR PETER W SCHRAMM PROFESSOR/DIR ASHBROOK CEN 169774 0 0 0 9357 0 15026 0 8204 0 202361 0 0 0 DAWN WEBER DEAN OF ARTS & SCIENCES 137627 0 0 0 646 0 10733 0 7078 0 156084 0 0 0 STEVEN W POOL PROFESSOR 134875 0 0 0 1117 0 9211 0 11219 0 156422 0 0 0 JEFFERY RUSSELL DEAN OF BUSINESS 137647 0 0 0 2322 0 10985 0 13543 0 164497 0 0 0 ROGER BECKETT DIRECTOR ASHBROOK CENTER 163993 0 0 0 0 0 14768 0 15821 0 194582 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 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 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 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 6 1334411 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY A SENIOR ACCOUNTANT 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: UNREALIZED GAIN ON INTEREST RATE SWAP 145,290. 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.