2011-05-16T10:52:11-05:00 2010-06-30 EBELHAR WHITEHEAD PLLC 100 WEST THIRD STREET SUITE 200 OWENSBORO KY 42303 990 2009-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 CHARLIE D FISKEAUX 2011-05-16 true Jeffrey T Ebelhar CPA 2709262922 2009 2016-02-24 21:20:13Z ASBURY UNIVERSITY SANDRA C GRAY 1 MACKLEM DRIVE WILMORE KY 40390 55529554 false X WWW.ASBURY.EDU X 1904 KY CHRISTIAN LIBERAL ARTS COLLEGE, EQUIPPING STUDENTS FOR A LIFETIME OF LEARNING, LEADERSHIP AND SERVICE. 19 19 1353 19 34224 0 4989024 2959356 33591602 35534545 -1932808 1057990 1238174 1301563 37885992 40853454 9697425 10344904 0 0 16242081 17113075 0 0 1043761 10890826 10886763 36830332 38344742 1055660 2508712 84557617 98843695 8935619 18795781 75621998 80047914 CHRISTIAN LIBERAL ARTS COLLEGE, EQUIPPING STUDENTS FOR A LIFETIME OF LEARNING, LEADERSHIP AND SERVICE. false false 32876807 10344904 35534545 ASBURY COLLEGE IS A CHRISTIAN LIBERAL ARTS COLLEGE. THE COLLEGE WAS FOUNDED IN 1890 AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS, THE NATIONAL ASSOCIATION OF COLLEGES AND SCHOOLS, THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC AND THE TEACHER EDUCATION PROGRAM BY THE KENTUCKY DEPARTMENT OF EDUCATION. THE COLLEGE OPERATES A MAIN CAMPUS IN WILMORE, KENTUCKY AND A SATELLITE CAMPUS IN ORLANDO, FLORIDA, PROVIDING EDUCATION OF APPROXIMATELY 1,600 STUDENTS. 32876807 true true false false false false true false true true true false true false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false true 2309 0 true 1353 true true true false false false false false false false false true true 19 19 false false false false false false false true true false false true true true true true true true true false KY OR X UNIVERSITY PERSONNEL 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 C E CROUSE JR 12.0 X X 0 0 0 DAVID L STEVENS 5.0 X X 0 0 0 RONALD W TARRANT 5.0 X X 0 0 0 RONALD BALL 3.0 X 0 0 0 CHRISTOPHER BOUNDS 3.0 X 0 0 0 MELVIN BOWDAN JR 3.0 X 0 0 0 DAVID L BRAZELTON 3.0 X 0 0 0 JANICE SHAW CROUSE 3.0 X 0 0 0 ISRAEL L GAITHER 3.0 X 0 0 0 D KAY BURRUS HAYDEN 3.0 X 0 0 0 HAROLD L HEINER JR 3.0 X 0 0 0 VALERIE PARR HILL 3.0 X 0 0 0 MORRIS HINTZMAN 3.0 X 0 0 0 SARAH LOUISE LUCE 3.0 X 0 0 0 J TAYLOR PHILLIPS 3.0 X 0 0 0 SHERRY W POWERS 3.0 X 0 0 0 MARK H WHITWORTH 3.0 X 0 0 0 ROBERT F WILEY JR 3.0 X 0 0 0 RICH M WRIGHT 3.0 X 0 0 0 SANDRA C GRAY 40.0 X 148229 0 27013 CHARLIE D FISKEAUX 40.0 X 104915 0 20853 JONATHAN S KULAGA 40.0 X 104509 0 20796 R GREGORY SWANSON 40.0 X 100422 0 58506 MARK J TROYER 40.0 X 76463 0 16807 GLENN HAMILTON 40.0 X 68876 0 15729 603414 0 159704 4 false true false PIONEER COLLEGE CATERERS 12351 WEST 96TH TERRACE STE 204 LENEXA KS 66215 FOOD SERVICE 1767260 D W WILBURN INC 153 BLUE SKY PARKWAY LEXINGTON KY 40509 CONSTRUCTION 1432013 WOODFORD BUILDERS INC PO BOX 12977 LEXINGTON KY 40583 CONSTRUCTION 610249 CLAUNCH CONSTRUCTION LLC 624 N COLLEGE ST HARRODSBURG KY 40330 CONSTRUCTION 347800 SHERMAN CARTER BARNHART 2405 HARRODSBURG RD LEXINGTON KY 40507 ARCHITECTS 309691 11 2959356 9108 2959356 TUITION & FEES 611600 29882688 29882688 AUXILIARY INCOME 611710 5651857 5651857 35534545 1062877 -963 1063840 0 0 234981 101106 133875 133875 133875 14066147 14071034 -4887 -4887 -4887 0 0 650486 503960 146526 CONTRACTS & OTHER EXCHANGE TRANSACTIONS 900099 768975 768975 LUCE CENTER 713940 35187 35187 POST RETIREMENT BENEFIT OBLIGATIONS 900099 217000 217000 1021162 40853454 36303520 34224 1409828 0 10344904 10344904 0 0 821047 821047 0 12585207 10518655 1511488 555064 590744 469005 98338 23401 2203476 1637528 457160 108788 912601 714988 159627 37986 128396 118429 9967 52812 52812 70523 70523 0 0 0 1717905 1650252 65957 1696 681049 351549 202621 126879 442843 257938 123435 61470 415257 302515 85626 27116 0 1601594 1474031 105919 21644 553477 421334 52426 79717 0 33363 27744 5619 304517 304517 0 2580653 2532230 48423 198512 141050 57462 INSTRUCTIONAL EXPENSES 459289 459289 ACADEMIC & PUBLIC SUPPORT 89379 89379 STUDENT SERVICES 704124 617303 86821 AUXILIARY & ATHLETICS 444167 444167 INSTITUTIONAL SUPPORT 408903 408903 38344742 32876807 4424174 1043761 4807419 5864215 3543069 7247614 1633267 808669 614327 703577 2602101 2680650 309084 315254 933 73139 91415031 42161594 41555881 49253437 23833232 25815769 2063330 2373693 3594974 3707678 84557617 98843695 1270204 2681582 9000000 2437817 2143035 47059 0 5180539 4971164 8935619 18795781 X 42470480 47314338 7131100 5821626 26020418 26911950 75621998 80047914 84557617 98843695 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 78621 X X false 31323028 536442 2592415 1122174 33329711 37981608 1430144 -7437469 651255 31323028 0.18930 0.78260 0.02810 false false 853799 1216278 2070077 1723273 56696902 25600033 32820142 3974172 2013869 1960303 18698396 14547692 4150704 0 8252211 8252211 49253437 0 ANNUITIES PAYABLE 2077221 REFUNDABLE US GOVT STUDENT LOANS 1677693 STUDENT FEES COLLECTED IN ADVANCE 380492 DEPOSITS HELD IN CUSTODY FOR OTHERS 347110 HEALTH PLAN RESERVE 62640 HOUSING & KEY DEPOSITS 14008 POSTRETIREMENT BENEFITS 412000 4971164 40853454 38344742 2508712 1927752 -10548 1917204 4425916 32940262 1927752 503960 2431712 30508550 10344904 10344904 40853454 28514346 514508 514508 27999838 10344904 10344904 38344742 INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 The endowment consists of approximately 360 individual funds, including donor-restricted endowment funds and board-designated quasi endowment. The majority (82%) of donor-restricted endowment funds are for scholarships and financial aid, 5% are for student loans, 5% are for Instructional expenses, the remainder is for unrestricted and other support. ART COLLECTION SCHEDULE D, PART III, LINE 4 ARTWORK IS DISPLAYED FOR ENRICHMENT OF EDUCATIONAL EXPERIENCE. RECONCILIATION TO AUDIT REPORT - NET ASSETS SCHEDULE D, PART XI, LINE 8 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT ( 1,893) CHANGE IN BENEFICIAL INTERESTS IN TRUSTS ( 8,655) RECONCILIATION TO AUDIT REPORT - REVENUES SCHEDULE D, PART XII, LINES 2D AND 4B OTHER REVENUE ON BOOKS NOT ON RETURN COST OF GGODS SOLD 503,960 OTHER REVENUE ON RETURN NOT ON BOOKS STUDENT AID DISCOUNTS 10,344,904 RECONCILIATION TO AUDIT REPORT - EXPENSES SCHEDULE D, PART XIII, LINES 2D AND 4B OTHER EXPENSES ON BOOKS NOT ON RETURN COST OF GOODS SOLD 503,960 CHANGE IN VALUE OF BENEFICIAL INTERESTS 1,893 CHANGE IN VALUE OF SPLIT INTERESTS AGREEMENTS 8,655 OTHER EXPENSES ON RETURN NOT ON BOOKS STUDENT AID DISCOUNTS 10,344,904 true true true CATALOG AND SOLICITATION MATERIALS HAVE STATEMENTS REGARDING NONDISCRIMINATION true true true true false false false false false false false false true false The organization receives financial aid for students from the US Department of Education. true true STUDENT AID DISCOUNTS 3000 10344904 MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS X X true true X X false false false false false false false false false false SANDRA C GRAY 148229 0 0 0 0 0 0 0 27013 0 175242 0 0 0 R GREGORY SWANSON 100422 0 0 0 0 0 0 0 58506 0 158928 0 0 0 BENEFITS SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS - SPOUSAL TRAVEL IS REIMBURSED WHEN THERE IS A BUSINESS REASON FOR THE SPOUSE TO TRAVEL WITH THE OFFICER. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - THE PRESIDENT USES A UNIVERSITY OWNED CAR FOR COMMUTING AND OTHER NON-BUSINESS USE. CITY OF WILMORE KY 616001932 2009-12-18 9000000 CONSTRUCTION OF CAMPUS FACILITIES, false false 9000000 335931 9000000 2010 false false false true false false false false true 0.00000 0.00000 0.00000 true false false false false false PROCESS TO REVIEW FORM 990 FORM 990, PART VI, SECTION B, LINE 11 THE GOVERNING BOARD DELEGATES THE REVIEW OF THE CORE FORM TO THE AUDIT COMMITTEE, MANAGEMENT REVIEWS THE RETURN WITH OUR INDEPENDENT ACCOUNTANTS BEFORE THE FORM IS FILED. MONITORING THE CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12 EACH TRUSTEE IS TO REVIEW THE CONFLICT OF INTEREST POLICY AND IDENTIFY ANY EXISTING CONFLICTS, OR AFFIRM THAT THERE IS NO CONFLICT OF INTEREST. THE FORMS ARE TO BE SUBMITTED TO THE SECRETARY OF THE BOARD OF TRUSTEES. THE COMMITTEE ON GOVERNANCE AND TRUSTEE DEVELOPMENT HAS THE RESPONSIBILITY TO REVIEW AND MONITOR COMPLIANCE WITH THE PROCEDURE. THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES AND OFFICERS REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST TO THE EMPLOYEE'S SUPERVISOR, BUT DOES NOT REQUIRE ANNUAL DISCLOSURE AND AFFIRMATION. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS: COMPARITIVE DATA WAS COMPILED BY THE HUMAN RESOURCES OFFICE AND SUPPLIED TO THE BOARD OF TRUSTEES COMMITTEE ON PRESIDENTIAL COMPENSATION IN SPRING 2010. OTHER OFFICERS OR KEY EMPLOYEES: ANNUAL COMPARATIVE SALARY SURVEYS ARE COMPLETED BY THE HUMAN RESOURCES OFFICE. THIS STUDY INCLUDED BENCHMARKED TARGET SALARIES. RECOMMENDATIONS ARE GIVEN TO THE PRESIDENT FOR REVIEW. LAST OCCURRED IN SPRING 2010 MAKING FORMS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT IS AVAILALBLE IN THE ADMINISTRATIVE POLICY MANUAL, ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.