2011-12-14T11:33:00-06:00 2010-12-31 Jacobson Jarvis & Co PLLC 600 Stewart Street Suite 1900 Seattle WA 981011219 990 2010-01-01 911997089 Ashesi University Foundation ASHE 2065456988 1414 - 31st Ave S PMB 11 Seattle WA 98144 Nina Marini 2065456988 2011-11-29 1 Howard Donkin CPA 2066288990 2011-11-29 2010 2016-02-24 21:20:13Z X Patrick Awuah 1414 - 31st Ave S PMB 11 Seattle WA 98144 966257 0 X www.ashesi.org X 1999 WA To provide support for educational opportunities in Ghana. 14 13 3 25 0 0 1378533 950459 0 0 2743 4947 110858 7190 1492134 962596 928173 1508754 0 0 144631 161559 0 0 22078 51124 71103 1123928 1741416 368206 -778820 2443123 1664791 2467 990 2440656 1663801 To provide support for educational opportunities in Ghana. 0 0 1615776 1500000 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. 29204 8754 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. 1644980 1 1 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 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 14 13 0 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 Peter Woicke 2.00 X X 0 0 0 Nina Marini 0.50 X X 0 0 0 Neil Collins 2.00 X X 0 0 0 Yaw Asare-Aboagye 1.00 X 0 0 0 Bill Bliss 2.00 X 0 0 0 Miyuki Dadzie 1.00 X 0 0 0 Kristi Helgeson 0.50 X 0 0 0 Sam Jonah 2.00 X 0 0 0 Scott Kucirek 0.50 X 0 0 0 David Leonard 2.00 X 0 0 0 Patick Nutor 0.50 X 0 0 0 Pall Gurdeep 0.50 X 0 0 0 Todd Warren 2.00 X 0 0 0 Patrick Awuah 20.00 X X 40000 40000 16944 40000 40000 16944 0 0 0 0 0 950459 22064 950459 4995 4995 3613 3661 -48 -48 -48 Recovery of uncollecti 900099 7190 7190 7190 962596 0 0 12137 1508754 1508754 56944 51250 5694 75473 45299 26408 3766 18423 10163 6917 1343 10719 7660 2831 228 20215 20215 3697 3697 500 500 5174 1418 1592 2164 11499 1050 6200 4249 27119 19386 1602 6131 1089 1089 1810 1810 1741416 1644980 74358 22078 X 328549 368356 1446443 678258 647437 475813 13853 11423 26786 24695 3180 2091 3661 128850 2443123 1664791 2467 990 2467 990 X 590990 845631 1749666 718170 100000 100000 2440656 1663801 2443123 1664791 X -778820 1965 X X 0 1 1 X 0 X 873370 2373994 554429 1378533 950459 6130785 873370 2373994 554429 1378533 950459 6130785 2424455 3706330 7952 19086 29704 2555 4995 64292 110858 7190 118048 6313125 0.58710 0.60370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 6791 106791 100000 100000 0.94000 0.06000 0 0 26786 24695 2091 2091 962596 1741416 -778820 1965 1965 -776855 976731 1965 12170 14135 962596 0 962596 1753586 12170 12170 1741416 0 1741416 Description of Intended Use of Endowment Funds: Part V, Line 4: To provide scholarships for students at Ashesi University. 1 Sub-Saharan Africa 2 Grants to recipients located in region. Grants to support new campus construction and scholarship money for Ashesi University. 1521916 2 0 2 1521916 0 1521916 Sub-Saharan Africa To support operations and construction of Ashesi University 1500000 Wire Transfer Sub-Saharan Africa Scholarships to Ashesi University 8754 Wire Transfer 1 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: Quarterly the Board of Trustees reviews Capital Campaign financial reports and financial statements from Ashesi University College. Cash Grant 2010-08-15 1508754 Cash Ashesi University College No 87 3rd Norla Extension No Accra GH Foreign Non Profit 0 0 0 0 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 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 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 1,965. Form 990, Part XI, Line 2c: There has been no change in the Audit Committee process. Amended Return The return is being amended to add a board member to Part VII who was not listed on the original return. Asheshi University College No 87 3rd Norla Extension North L Accra GH University GH Foreign Non Profit 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 Asheshi Univeristy College B 1508756