ASHESI UNIVERSITY FOUNDATION: Form 990, tax year 2010
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- Organization
- ASHESI UNIVERSITY FOUNDATION (EIN 91-1997089)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-12-14
- IRS object ID
- 201123489349300217
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-12-14T11:33:00-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jacobson Jarvis & Co PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 Stewart Street Suite 1900 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 981011219 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911997089 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ashesi University Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ASHE | NameControl |
| Phone | 2065456988 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1414 - 31st Ave S PMB 11 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 98144 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Nina Marini | Name |
| Title | Secretary | Title |
| Phone | 2065456988 | Phone |
| Date Signed | 2011-11-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Howard Donkin CPA | Name |
| Phone | 2066288990 | Phone |
| Date Prepared | 2011-11-29 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | Patrick Awuah | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1414 - 31st Ave S PMB 11 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 98144 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 966257 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.ashesi.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | To provide support for educational opportunities in Ghana. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 25 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1378533 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 950459 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2743 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4947 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 110858 | OtherRevenuePriorYear |
| Other Revenue Current Year | 7190 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1492134 | TotalRevenuePriorYear |
| Total Revenue Current Year | 962596 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 928173 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1508754 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 144631 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 161559 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 22078 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 51124 | OtherExpensePriorYear |
| Other Expenses Current Year | 71103 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1123928 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1741416 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 368206 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -778820 | RevenuesLessExpensesCY |
| Total Assets BOY | 2443123 | TotalAssetsBOY |
| Total Assets EOY | 1664791 | TotalAssetsEOY |
| Total Liabilities BOY | 2467 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 990 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2440656 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1663801 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide support for educational opportunities in Ghana. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1615776 | Expense |
| Grants | 1500000 | Grants |
| Description | Capital Campaign - To provide funds to build a new academic campus for Ashesi University College. The new campus will have the capacity for 600 students, faculty and staff. The new campus will feature a library, academic and administrative offices, 5 classrooms and 4 computer labs. Anticipated occupancy July 2011. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 29204 | Expense |
| Grants | 8754 | Grants |
| Description | University Support (including scholarships) - The University support program provides support for scholarships and university operations. Close to 40% of Ashesi's students are on financial aid, though most of the scholarships are provided through tuition revenue at the University, the Foundation provides funds for some student scholarships every year. Operational support includes staff time to assist with management at the University. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1644980 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 1 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 1 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 3 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Joanna Bargeron | NamePerson |
| Telephone Number | 2065456988 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1414 - 31st S PMB 11 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 98144 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Peter Woicke | ||||||
| Chairman | 2.00 | X | X | 0 | 0 | 0 |
| Nina Marini | ||||||
| Secretary | 0.50 | X | X | 0 | 0 | 0 |
| Neil Collins | ||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 |
| Yaw Asare-Aboagye | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Bill Bliss | ||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |
| Miyuki Dadzie | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Kristi Helgeson | ||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |
| Sam Jonah | ||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |
| Scott Kucirek | ||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |
| David Leonard | ||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |
| Patick Nutor | ||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |
| Pall Gurdeep | ||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |
| Todd Warren | ||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |
| Patrick Awuah | ||||||
| Foundation President | 20.00 | X | X | 40000 | 40000 | 16944 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 40000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 40000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 16944 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 950459 | AllOtherContributions |
| Noncash Contributions | 22064 | NoncashContributions |
| Total Contributions | 950459 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4995 | TotalRevenueColumn |
| Exclusion | $4,995 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3613 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3661 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -48 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -48 | TotalRevenueColumn |
| Exclusion | -$48 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Recovery of uncollecti | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 7190 | TotalRevenueColumn |
| Exclusion | $7,190 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 7190 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 962596 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $12,137 | ExclusionAmount |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1508754 | Total |
| Program Services | 1508754 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56944 | Total |
| Program Services | 51250 | ProgramServices |
| Management And General | 5694 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75473 | Total |
| Program Services | 45299 | ProgramServices |
| Management And General | 26408 | ManagementAndGeneral |
| Fundraising | 3766 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18423 | Total |
| Program Services | 10163 | ProgramServices |
| Management And General | 6917 | ManagementAndGeneral |
| Fundraising | 1343 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10719 | Total |
| Program Services | 7660 | ProgramServices |
| Management And General | 2831 | ManagementAndGeneral |
| Fundraising | 228 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20215 | Total |
| Management And General | 20215 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3697 | Total |
| Fundraising | 3697 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 500 | Total |
| Fundraising | 500 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5174 | Total |
| Program Services | 1418 | ProgramServices |
| Management And General | 1592 | ManagementAndGeneral |
| Fundraising | 2164 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11499 | Total |
| Program Services | 1050 | ProgramServices |
| Management And General | 6200 | ManagementAndGeneral |
| Fundraising | 4249 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27119 | Total |
| Program Services | 19386 | ProgramServices |
| Management And General | 1602 | ManagementAndGeneral |
| Fundraising | 6131 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1089 | Total |
| Management And General | 1089 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1810 | Total |
| Management And General | 1810 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1741416 | Total |
| Program Services | 1644980 | ProgramServices |
| Management And General | 74358 | ManagementAndGeneral |
| Fundraising | 22078 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 328549 | BOY |
| EOY | 368356 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1446443 | BOY |
| EOY | 678258 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 647437 | BOY |
| EOY | 475813 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13853 | BOY |
| EOY | 11423 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 26786 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 24695 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3180 | BOY |
| EOY | 2091 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3661 | BOY |
| EOY | 128850 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2443123 | BOY |
| EOY | 1664791 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2467 | BOY |
| EOY | 990 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2467 | BOY |
| EOY | 990 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 590990 | BOY |
| EOY | 845631 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1749666 | BOY |
| EOY | 718170 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100000 | BOY |
| EOY | 100000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2440656 | BOY |
| EOY | 1663801 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2443123 | BOY |
| EOY | 1664791 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -778820 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1965 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 873370 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2373994 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 554429 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1378533 | CurrentTaxYearMinus1Year |
| Current Tax Year | 950459 | CurrentTaxYear |
| Total | 6130785 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 873370 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2373994 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 554429 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1378533 | CurrentTaxYearMinus1Year |
| Current Tax Year | 950459 | CurrentTaxYear |
| Total | 6130785 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2424455 | AmountsSubstContributorsTotal |
| Public Support Total170 | 3706330 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7952 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 19086 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 29704 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2555 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4995 | CurrentTaxYear |
| Total | 64292 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 110858 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7190 | CurrentTaxYear |
| Total | 118048 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 6313125 | TotalSupport |
| Public Support Pertcentage170 | 0.58710 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.60370 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 100000 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 6791 | InvestmentEarningsOrLosses |
| End Of Year Balance | 106791 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | 100000 | Contributions |
| End Of Year Balance | 100000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.94000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.06000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26786 | OtherCostOrOtherBasis |
| Depreciation | 24695 | Depreciation |
| Book Value | 2091 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2091 | TotalOfBookValueLandBuildings |
| Total Revenue | 962596 | TotalRevenue |
| Total Expenses | 1741416 | TotalExpenses |
| Excess Or Deficit For Year | -778820 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1965 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 1965 | TotalAdjustments |
| Excess Or Deficit Per FS | -776855 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 976731 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1965 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 12170 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 14135 | RevenueNotRptdF990 |
| Revenue Subtotal | 962596 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 962596 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1753586 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 12170 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 12170 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1741416 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1741416 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of Intended Use of Endowment Funds: | Identifier |
| Return Reference | Part V, Line 4: | ReturnReference |
| Explanation | To provide scholarships for students at Ashesi University. | Explanation |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Sub-Saharan Africa | Region |
| Number Of Employees | 2 | NumberOfEmployees |
| Type Of Activities Conducted | Grants to recipients located in region. | TypeOfActivitiesConducted |
| Specific Services Provided | Grants to support new campus construction and scholarship money for Ashesi University. | SpecificServicesProvided |
| Total Expenditures | 1521916 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 2 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 2 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 1521916 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 1521916 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (2 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|
| Sub-Saharan Africa | To support operations and construction of Ashesi University | 1500000 | Wire Transfer |
| Sub-Saharan Africa | Scholarships to Ashesi University | 8754 | Wire Transfer |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 1 | TotalNumberOf501c3Orgs |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants Outside the U.S.: | Identifier |
| Explanation | Schedule F, Part I, Line 2: Quarterly the Board of Trustees reviews Capital Campaign financial reports and financial statements from Ashesi University College. | Explanation |
Schedule N IRS990ScheduleN
Disposition Table DispositionTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Cash Grant | DescriptionOfAsset |
| Date Of Distribution | 2010-08-15 | DateOfDistribution |
| FMV Of Asset | 1508754 | FMVOfAsset |
| Method Of FMV Determination | Cash | MethodOfFMVDetermination |
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ashesi University College | BusinessNameLine1 |
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | No 87 3rd Norla Extension No | AddressLine1 |
| City | Accra | City |
| Country | GH | Country |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | Foreign Non Profit | IRCSection |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2 |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2 |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2 |
| Receive Compensation2 | 0 | ReceiveCompensation2 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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. | |
| 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 12c | |
| The compensation of the President is reviewed annually by the Board of Trustees. The President is asked to leave the meeting while compensation is being discussed. The compensation package is approved by a vote of the Board. | Form 990, Part VI, Section B, line 15 | |
| 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 VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized gains on investments: 1,965. | Form 990, Part XI, line 5: |
| There has been no change in the Audit Committee process. | Form 990, Part XI, Line 2c: | |
| The return is being amended to add a board member to Part VII who was not listed on the original return. | Amended Return |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Asheshi University College | BusinessNameLine1 |
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | No 87 3rd Norla Extension North L | AddressLine1 |
| City | Accra | City |
| Country | GH | Country |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | University | PrimaryActivities |
| Legal Domicile Foreign Country | GH | LegalDomicileForeignCountry |
| Exempt Code Section | Foreign Non Profit | ExemptCodeSection |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Asheshi Univeristy College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionType |
| Amount Involved | 1508756 | AmountInvolved |
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