2014-04-12T11:10:01-05:00 2013-05-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 432152663 990 2012-06-01 340714626 ASHLAND UNIVERSITY ASHL 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 JAMES L KIRTLAND 4192895011 2014-04-09 1 MARK B LAPLACE P00053072 6142211120 2012 2015-11-30 17:44:51Z FREDERICK J FINKS 401 COLLEGE AVENUE ASHLAND OH 44805 211749263 0 X WWW.ASHLAND.EDU X 1888 OH INSTITUTION OF HIGHER EDUCATION 39 38 2846 0 656594 0 8440346 11176596 114124334 117191364 528815 2369028 1383577 1659863 124477072 132396851 33554276 35456910 0 0 56815165 60040980 0 0 2873958 32056073 36462189 122425514 131960079 2051558 436772 240640728 232711030 114097363 103054679 126543365 129656351 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 35456911 35456911 SCHOLARSHIPS - OVER 2,500 STUDENTS SERVED 35198745 96767808 INSTRUCTIONAL SUPPORT 27597254 16480626 INSTITUTIONAL SUPPORT 24761053 5111757 OTHER SERVICES: ACADEMIC SUPPORT, STUDENT SERVICES, ADMINISTRATIVE SERVICES AND OTHER AUXILIARY SERVICES. 24761053 5111757 123013963 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 1 1 0 0 0 0 0 0 0 0 0 0 0 1 319 0 1 2846 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 39 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 1.00 X X 0 0 0 STEPHEN J WILLIAMS 1.00 X X 0 0 0 GARY L COURTRIGHT 1.00 X X 0 0 0 THOMAS H PICKERING 1.00 X X 0 0 0 RONALD B ALFORD 1.00 X 0 0 0 THOMAS A AURANDT 1.00 X 0 0 0 CHRISTOPHER D BOYD 1.00 X 0 0 0 FRED B BROAD 1.00 X 0 0 0 MARK E CAMP 1.00 X 0 0 0 DR ARDEN E GILMER 1.00 X 0 0 0 PATRICIA M GRAVATT 1.00 X 0 0 0 JONATHON L GROZA 1.00 X 0 0 0 HARRY A HILL 1.00 X 0 0 0 BROOKS HULL 1.00 X 0 0 0 DR G EMERY HURD 1.00 X 0 0 0 ROBERT C INGMAND 1.00 X 0 0 0 DEBORAH L KARL 1.00 X 0 0 0 JOYCE A LAMB 1.00 X 0 0 0 PAUL E MCKNIGHT 1.00 X 0 0 0 JACK K MILLER 1.00 X 0 0 0 DONALD T MISHEFF 1.00 X 0 0 0 JOHN D MOORE 1.00 X 0 0 0 VAUGHN L NICKELL 1.00 X 0 0 0 JEFF PAYTON 1.00 X 0 0 0 ALFRED E PILONG JR 1.00 X 0 0 0 LELAND P REINEKE 1.00 X 0 0 0 ALAN D ROTH 1.00 X 0 0 0 DR EMANUEL W SANDBERG 1.00 X 0 0 0 TIMOTHY L SOLOMON 1.00 X 0 0 0 DR DALE R THOMAE 1.00 X 0 0 0 ROBERT E TROOP 1.00 X 0 0 0 THOMAS WHATMAN 1.00 X 0 0 0 CHARLES A WILTROUT 1.00 X 0 0 0 MITCHELL P ZUNICH 1.00 X 0 0 0 DANIEL COFFEE 1.00 X 0 0 0 KEVIN DOSS 1.00 X 0 0 0 DAVID KRILL 1.00 X 0 0 0 BRENDA DEAN 1.00 X 0 0 0 CHARLES H GAMBLE JR 1.00 X 0 0 0 FREDERICK J FINKS 40.00 X 357137 0 89065 JAMES L KIRTLAND 40.00 X 153458 0 50777 JOHN C SHULTZ 40.00 X 164416 0 32538 FRANK E PETTIGREW JR 40.00 X 174322 0 30656 RON HUIATT 40.00 X 137239 0 28998 BRENDA S HEIMANN 40.00 X 132965 0 13285 CURTIS D WHITE 40.00 X 133134 0 38408 SCOTT VAN LOO 40.00 X 116749 0 29187 PATRICK EWING 40.00 X 98387 0 31326 DR PETER W SCHRAMM 40.00 X 196903 0 32307 DAWN WEBER 40.00 X 138903 0 19498 STEVEN W POOL 40.00 X 149317 0 16578 JEFFERY RUSSELL 40.00 X 137445 0 29889 JAMES VAN KEUREN 40.00 X 137057 0 21818 2227432 0 464330 36 0 1 0 SIMONSON CONTRUCTION SERVICES 2112 TROY RD ASHLAND OH 44805 GENERAL CONSTRUCTION 2983679 OTIS ELEVATOR CO PO BOX 73579 CHICAGO IL 60673 ELEVATOR MAINTENANCE 162361 METZGERS INC 207 ARCO DR TOLEDO OH 43607 PRINTING 160237 GUENTHER MECHANICAL INC PO BOX 97 ASHLAND OH 44805 HVAC/PLUMBING CONTRACTOR 152281 COLLABORATIVE 500 MADISON AVE TOLEDO OH 43604 ARCHITECTS 136403 9 209892 1255243 9711461 6320 11176596 TUITION & FEES 611710 96767808 96767808 AUXILIARY ENTERPRISES 611710 16480628 16480628 RELATED ORG ACTIVITIES 611710 3942928 3942928 117191364 969450 969450 77969705 76570127 1399578 1399578 1399578 32275 209892 197833 -165558 -165558 4409873 2584452 1825421 1168827 656594 132396851 118360191 656594 2203470 35456910 35456910 1812046 1665394 88221 58431 47289127 43666006 2105158 1517963 2593329 2364681 141661 86987 4639781 4128410 361898 149473 3706697 3447132 154718 104847 89942 88466 1476 59792 58811 981 138401 116531 5462 16408 1323589 1114444 52232 156913 378168 305298 72870 1586403 1473123 2754 110526 419982 372982 1028 45972 8320762 5212630 3095105 13027 1523374 1343507 51169 128698 22318 22318 1868437 1868437 5489226 5483944 5282 546029 546029 INSTITUTIONAL SUPPORT 6675388 6352666 322722 MISC. AUXILIARY SERVICE 3607262 3607262 STUDENT SERVICES 1790174 1790174 INSTRUCTIONAL COST 886608 886608 1736334 1642200 7470 86664 131960079 123013963 6072158 2873958 10304 10010 10064213 4872557 21773128 17089137 8849426 7929879 846176 837744 274045 287485 235076153 86345743 136911858 148730410 42897830 48386716 19013748 4567092 240640728 232711030 13530376 10623670 6478398 6150986 47130452 43919187 34881270 30813168 12076867 11547668 114097363 103054679 X 62983903 74603248 19927247 19941072 43632215 35112031 126543365 129656351 240640728 232711030 X 436772 2685695 -9481 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 4059686 0 0 X X 0 31162368 2269247 3682940 1072143 -4053 36046465 33742546 31273 -1587425 909839 -118240 31158315 28827495 1410120 4469943 965012 33742546 26931397 1307544 1629172 1040618 28827495 33406033 700796 -7175432 26931397 0.02000 0.97000 0.01000 0 0 17569855 17569855 172043896 53715990 118327906 32392018 27904464 4487554 13070384 4725289 8345095 148730410 SHORT-TERM CASH HOLDINGS 7679044 C CORPORATE STOCKS 3371017 F FIXED INCOME 4818459 F MUTUAL FUNDS 22492345 F ALTERNATIVE INVESTMENTS 9270712 F OTHER 755139 F 48386716 CAPITAL LEASE OBLIGATIONS 5619330 ACCRUED CHARITABLE GIFT ANNUITY 3870522 ADVANCES FROM FEDERAL GOVERNMENT 2057816 11547668 X 137855350 2685695 2772804 5458499 132396851 0 132396851 134742364 2782285 2782285 131960079 0 131960079 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2009 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 2,584,452. SPECIAL EVENT EXPENSES 197,833. UNREALIZED GAIN ON INTEREST RATE SWAP -9,481. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,584,452. SPECIAL EVENT EXPENSES 197,833. 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 242167 209892 32275 93728 67000 37105 242167 209892 32275 93728 67000 37105 197833 -165558 1 TUITION WAVER, SCHOLARSHIPS, FINANCIAL AID AND GRANTS 2582 35456910 CASH TUITION WAIVER/EXCHANGE, ASHLAND UNIVERSITY FUNDED AND DONOR FUNDED SCHOLARSHIPS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 297347 0 0 0 59790 0 72000 0 17065 0 446202 0 0 0 JAMES L KIRTLAND 152565 0 0 0 893 0 12480 0 38297 0 204235 0 0 0 JOHN C SHULTZ 155059 0 0 0 9357 0 16074 0 16464 0 196954 0 0 0 FRANK E PETTIGREW JR 171859 0 0 0 2463 0 14226 0 16430 0 204978 0 0 0 RON HUIATT 137239 0 0 0 0 0 11270 0 17728 0 166237 0 0 0 CURTIS D WHITE 132707 0 0 0 427 0 14128 0 24280 0 171542 0 0 0 DR PETER W SCHRAMM 187546 0 0 0 9357 0 19018 0 13289 0 229210 0 0 0 DAWN WEBER 138257 0 0 0 646 0 11200 0 8298 0 158401 0 0 0 STEVEN W POOL 148200 0 0 0 1117 0 9580 0 6998 0 165895 0 0 0 JEFFERY RUSSELL 135123 0 0 0 2322 0 11424 0 18465 0 167334 0 0 0 JAMES VAN KEUREN 137057 0 0 0 0 0 10599 0 11219 0 158875 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) DESCRIPTION OF PURPOSE 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) DESCRIPTION OF PURPOSE 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 JAMES L KIRTLAND III SON OF OFFICER 20266 TUITION WAIVER LUANN WHITE SPOUSE OF OFFICER 2790 TUITION WAIVER SCP LIMITED PARTNERSHIP TRUSTEE IS OWNER 110000 THE UNIVERSITY LEASES CLASSROOM AND OFFICE SPACE (STARK CENTER) FROM SCP LIMITED PARTNERSHIP THAT IS CONTROLLED BY DR. EMANUEL W. SANDBERG IN A FAIR VALUE RENTAL AGREEMENT. 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 DIRECTORS 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP -9,481. OVERSIGHT OF THE AUDIT FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.