2021-03-05T11:04:33-06:00 2020-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2019-06-01 340714626 ASHLAND UNIVERSITY ASHL 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 MARC PASTERIS VICE PRESIDENT & CFO 4192895011 2021-02-13 1 EUGENE J LOGAN P00227231 4122613644 2019 2022-09-23 18:48:47Z DR CARLOS CAMPO 401 COLLEGE AVENUE ASHLAND OH 44805 164724422 0 X WWW.ASHLAND.EDU X 1878 OH INSTITUTION OF HIGHER EDUCATION 29 28 2932 27 367536 0 9933709 25500204 115296054 115675595 2802032 1840600 -409560 105151 127622235 143121550 25464693 28720972 0 0 63896142 66226107 166149 525656 2568573 36705416 34959753 126232400 130432488 1389835 12689062 246551900 260209950 97680956 96907823 148870944 163302127 X ASHLAND UNIVERSITY, AN OHIO NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1878, IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. GUIDED BY OUR CHRISTIAN HERITAGE, IS A COMPREHENSIVE, PRIVATE UNIVERSITY THAT PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE, SHAPING GRADUATES WHO WORK, SERVE AND LEAD WITH INTEGRITY IN THEIR LOCAL, NATIONAL, AND GLOBAL COMMUNITIES.THE UNIVERSITY OFFERS DEGREES AT THE UNDERGRADUATE, GRADUATE AND DOCTORAL LEVELS, ALONG WITH VARIOUS CERTIFICATE AND LICENSURE PROGRAMS. 0 0 105913115 28289511 99695539 ASHLAND UNIVERSITY OFFERS MORE THAN 70 DIFFERENT ACADEMIC PROGRAMS AT THE BACHELOR'S, MASTER'S, AND DOCTORATE LEVELS. THE ACADEMIC PROGRAMS ARE DIVERSE AND RICH IN OPPORTUNITIES FOR OUR STUDENTS. THE INTEGRATION OF THE LIBERAL ARTS AND CAREER DEVELOPMENT IS A MAJOR STRENGTH OF ASHLAND UNIVERSITY.THE UNIVERSITY CONSISTS OF THE COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS AND ECONOMICS, COLLEGE OF EDUCATION, COLLEGE OF NURSING AND HEALTH SCIENCES, AND COLLEGE OF ONLINE AND ADULT STUDIES. THE ACADEMIC AFFAIRS DIVISION ALSO OVERSEES LIBRARY SERVICES, GLOBAL EDUCATION, AND ACADEMIC SUPPORT INCLUDING ADVISING AND TUTORING SERVICES.THE UNIVERSITY RECEIVED FUNDS FROM THE DEPARTMENT OF EDUCATION TO DISBRUSE TO STUDENTS AS EMERGENCY GRANTS AS A RESULT OF THE CORNAVIRUS.ON MARCH 27, 2020, PRESIDENT TRUMP SIGNED INTO LAW THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). THE CARES ACT CREATED A HIGHER EDUCATION EMERGENCY RELIEF FUND SPECIFICALLY FOR EMERGENCY AID GRANTS TO STUDENTS FOR EXPENSES RELATED TO THE DISTRUPTION OF CAMPUS OPERATIONS DUE TO THE COVID-19 PANDEMIC AND ALSO DIRECT AID TO INSTITUTIONS TO COVER COSTS ASSOCIATED WITH THE SIGNIFICANT CHANGES TO THE DELIVERY OF INSTRUCTION DUE TO THE PANDEMIC. THE UNIVERSITY WAS AWARDED A STUDENT SHARE AND AN INSTITUTIONAL SHARE THAT TOTALED $3,987,716 UNDER THIS PROGRAM. THE UNIVERSITY UTILIZED THE INSTITUTIONAL SHARE FOR THE ROOM AND BOARD REFUNDS THAT WERE ISSUED TO STUDENTS AS NOTED ABOVE. APPROXIMATELY $1,258,000 FUNDS WERE DISBURSED AS EMERGENCY GRANTS TO 782 STUDENTS AS OF MAY 31, 2020 AND IS INCLUDED IN SCHOLARSHIPS ON THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THE REMAINING FUNDS WERE DISBURSED SUBSEQUENT TO YEAR END. 13502894 431461 15980056 THE UNIVERSITY'S AUXILIARIES ENTERPRISES OPERATIONS EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF. MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES, THE UNIVERSITY'S AUXILIARY ACTIVITIES CONSIST PRIMARILY OF HOUSING SERVICES, DINING SERVICES, CAMPUS STORES, COPY SERVICES, AND LAUNDRY SERVICES.AS A RESULT OF THE SPREAD OF THE SARS-COV-2 VIRUS AND THE COVID-19 PANDEMIC, THE STATE OF OHIO ISSUED SHELTER-IN-PLACE ORDERS AND OTHER MEASURES AROUND PUBLIC GATHERINGS AND BUSINESS OPERATIONS TO SLOW THE SPREAD OF THE VIRUS. FURTHERMORE, COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY, INCLUDING ASHLAND UNIVERSITY, TOOK UNPRECEDENTED ACTION TO PROTECT THE HEALTH AND SAFETY OF STUDENTS. BEGINNING ON MARCH 16, 2020, CAMPUS OPERATIONS WERE SUSPENDED AND ALL STUDENTS WERE TRANSITIONED TO A DISTANCE EDUCATION FRAMEWORK THROUGH THE END OF THE ACADEMIC TERM. IN ADDITION, ALL SUMMER CLASSES WERE CONDUCTED THROUGH DISTANCE EDUCATION AND ALL SUMMER CONFERENCES AND EVENTS HAVE BEEN CANCELLED OR POSTPONED. THE UNIVERSITY REFUNDED APPROXIMATELY $3,100,000 OF ROOM AND BOARD AUXILIARY ENTERPRISE REVENUE AS A RESULT OF THESE MEASURES. GIVEN THE UNCERTAINTY IN THE EPIDEMIOLOGICAL AND ECONOMIC OUTLOOK, THERE MAY BE SHORT AND LONG-TERM IMPLICATIONS FOR THE UNIVERSITY'S INSTRUCTION, STUDENT EXPERIENCE AND OPERATIONS. THE DURATION OF THESE UNCERTAINTIES AND THE ULTIMATE FINANCIAL EFFECTS CANNOT BE REASONABLY ESTIMATED AT THE DATE OF THE ISSUANCE OF THESE FINANCIAL STATEMENTS. 119416009 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 359 0 1 2932 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 AL CA CT GA HI KY MD MA NH NJ NY PA RI SC TN X JANET EDWARDS CPA 4192075574 401 COLLEGE AVENUE ASHLAND OH 44805 DR CARLOS CAMPO PRESIDENT 40.00 0.00 X 487852 0 34895 ELAD GRANOT DEAN OF BUSINESS AND ECONOMICS 40.00 0.00 X 299420 0 32400 ROBERT STOLL ASSOC. PROFESSOR - MANAGEMENT 40.00 0.00 X 192203 0 54905 DANIEL FOX ASSOCIATE PROFESSOR OF BUSINESS 40.00 0.00 X 192925 0 19978 SIVAKUMAR VENKATARAMANAY PROFESSOR - INT'L BUSINESS 40.00 0.00 X 178114 0 32191 VICTORIA KASKEY ASSOC. PROFESSOR - ACCOUNTING 40.00 0.00 X 174399 0 31328 MARC PASTERIS VP OF FINANCE & CFO 40.00 0.00 X 167653 0 31277 TODD MARSHALL INT PROV THRU 6/19, VP COR ED & INNOV EFF. 7/19 40.00 0.00 X 159887 0 37519 PATRICK EWING VP OF FACILITIES MGMT AND PLANNING 40.00 0.00 X 122108 0 55082 MARGARET A POMFRET VP OF INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 156652 0 6191 ROBERT POOL VP OF STUDENT AFFAIRS 40.00 0.00 X 112766 0 32526 CATHERINE WILLIAMS INT VP OF ENRL MGMT & MKTG (ENTERED 7/19) 40.00 0.00 X 84539 0 29610 AMIEL JARSTFER PROVOST (ENTERED 7/19) 40.00 0.00 X 100834 0 8687 WAYNE MCCOWN INTERIM PRES THEOLOGICAL SEMINARY (EXITED 6/19) 40.00 2.00 X 95859 0 958 PETER RIOS INTERIM VP OF ENROLLEMENT MGMT (EXITED 6/19) 40.00 0.00 X 76984 0 8318 JUAN MARTINEZ PRES OF SEMINARY (ENTERED 7/19 THRU. 11/19) 40.00 2.00 X 78923 0 3417 CHRISTOPHER D BOYD TRUSTEE 1.00 0.00 X 10206 0 0 KEVIN L DOSS CHAIR 1.00 0.00 X X 0 0 0 FRED B BROAD VICE CHAIR 1.00 0.00 X X 0 0 0 JAMES H HESS SECRETARY 1.00 0.00 X X 0 0 0 STEVEN COLE ASSISTANT SECRETARY 1.00 0.00 X X 0 0 0 RONALD B ALFORD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT M ARCHER TRUSTEE 1.00 0.00 X 0 0 0 DAVID M BUSH TRUSTEE 1.00 0.00 X 0 0 0 MARK E CAMP TRUSTEE 1.00 0.00 X 0 0 0 DANIEL COFFEE TRUSTEE 1.00 0.00 X 0 0 0 BRENDA K DEAN TRUSTEE 1.00 0.00 X 0 0 0 JOHN DENMAN TRUSTEE (ENTERED 8/19) 1.00 0.00 X 0 0 0 REID FIRESTONE TRUSTEE 1.00 0.00 X 0 0 0 DAVID E GRAETZ TRUSTEE (ENTERED 11/19) 1.00 0.00 X 0 0 0 PATRICIA M GRAVATT TRUSTEE 1.00 0.00 X 0 0 0 TERRY A HOFECKER TRUSTEE 1.00 0.00 X 0 0 0 DR G EMERY HURD TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH L KARL TRUSTEE 1.00 0.00 X 0 0 0 BILLIE A MASSIE TRUSTEE 1.00 0.00 X 0 0 0 PAUL E MCKNIGHT TRUSTEE 1.00 0.00 X 0 0 0 ROBYN C MINNEAR TRUSTEE (ENTERED 11/19) 1.00 0.00 X 0 0 0 P THOMAS MURRAY JR TRUSTEE 1.00 0.00 X 0 0 0 DUSTIN J NESS TRUSTEE 1.00 0.00 X 0 0 0 JAMES SMAIL TRUSTEE 1.00 0.00 X 0 0 0 HENRY SMITH TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY L SOLOMON TRUSTEE 1.00 0.00 X 0 0 0 DR DALE R THOMAE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT G WARD II TRUSTEE 1.00 0.00 X 0 0 0 SCOTT WILLIAMS TRUSTEE (ENTERED 8/19) 1.00 0.00 X 0 0 0 2691324 0 419282 43 0 1 0 SIMONSON CONSTRUCTION SERVICES INC 2112 TROY ROAD ASHLAND OH 44805 CONSTRUCTION 1730063 VIVID FRONT LLC (INC) 1340 SUMMER AVENUE CLEVELAND OH 44115 ADVERTISING/MARKETING 1245385 JPAY INC 10981 MARKS WAY MIRAMAR FL 33025 ACADEMIC TECHNOLOGY RESOURCES 1107819 EDUFFICIENT LLC 6 FOREST AVENUE FLOOR 2 PARAMUS NJ 07652 ADVERTISING/MARKETING 677086 BECK & STONE INC 23 BROADWAY FLOOR 9 NY NY 10004 ADVERTISING/MARKETING 521089 26 15700 12276 6288701 19183527 1960398 25500204 TUITION & FEES 611710 99695539 99695539 AUXILIARY ENTERPRISES 611710 15980056 15980056 115675595 1522108 9794 1512314 674 674 17244054 16925562 318492 318492 318492 48868 15700 63995 -15127 -15127 4732919 4613315 119604 357742 -238138 143121550 115675595 367536 1578215 28720972 28720972 1830649 642326 909265 279058 50750591 45507172 4276927 966492 912641 808350 85316 18975 8655993 7996583 570196 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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 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 1A: ASHLAND UNIVERSITY RECEIVED A CONTRIBUTION OF ARTWORK APPRAISED FOR $3,712,500 ON AUGUST 15, 2018. PART III, LINE 4: VARIOUS PAINTINGS AND SCULPTURES ARE HELD TO STIMULATE ARTISTIC APPRECIATION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 700 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. SPECIFICALLY, THESE PURPOSES INCLUDE SCHOLARSHIPS TO STUDENTS TO ATTEND THE UNIVERSITY AS WELL AS SUPPORTING THE PROGRAMS AND ACTIVITIES OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. HOWEVER, TO THE EXTENT THAT CERTAIN AUXILIARY REVENUES EXCEED RELATED EXPENSES, THEY ARE CONSIDERED TO BE UNRELATED BUSINESS INCOME AND SUBJECT TO INCOME TAX. THE UNIVERSITY FOLLOWS THE CODIFICATION TOPIC ON INCOME TAXES. THE TOPIC PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE UNIVERSITY'S STATEMENTS OF FINANCIAL POSITION AT MAY 31, 2020 AND 2019 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 942,871. TUITION DISCOUNTS -27,031,615. BANK FEES -106,133. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -63,995. COST OF GOODS SOLD -4,613,315. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 63,995. COST OF GOODS SOLD 4,613,315. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 27,031,615. BANKING FEES 106,133. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY 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 RECEIVES FEDERAL FUNDING FROM THE FEDERAL GOVERNMENT FOR FEDERAL WORK-STUDY AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPROTUNITY GRANTS. THE UNIVERSITY ALSO PARTICIPATES IN THE PERKINS LOAN PROGRAM AND THE FEDERAL NURSING LOAN PROGRAM, PARTICALLY FUNDED BY THE FEDERAL GOVERNMENT. IN ADDITION, STUDENTS MAY RECEIVE VETERAN BENEFITS, GRANTS OR LOANS THROUGH FEDERAL PELL GRANT AND FEDERAL DIRECT LOAN PROGRAMS OR THROUGH SIMILAR STATE PROGRAMS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 168500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 532735 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 3470 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ACCREDITATION - SOFTWARE LICENSE AGREEMENT 3300 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 3750 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO 0 0 PROGRAM SERVICES MISSION TRIP 7960 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 750 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD 2835 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES SOFTWARE LICENSE AGREEMENT 26706 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 2459939 0 0 0 0 0 0 723300 2486645 3209945 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 CLEARWORD COMMUNICATIONS GROUP 10302 BRISTOW CENTER DR 51 BRISTOW VA 20136 HIGH-DOLLAR DIRECT MAIL FUNDRAISING 0 239512 72018 167494 AC FITZGERALD & ASSOCIATES PO BOX 321012 ALEXANDRIA VA 22320 DIRECT MAIL CONSULTING, ASSISTED WITH STRATEGIES 0 0 55878 0 BUSINESSMINE LLC 784 OAK CREEK DRIVE LOMBARD IL 60148 DESIGN AND SEND PRINTED FUNDRAISING MATERIALS 0 0 71950 0 VINYL MARKETING 12 WEST MAIN STREET ASHLAND OH 44805 DESIGN AND FUNDRAISING CONTENT 0 0 325810 0 239512 525656 167494 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI EAGLE GOLF OUTING 54368 6000 48368 57940 4741 MEMORIAL DINNER 10200 9700 500 1314 0 64568 15700 48868 57940 6055 63995 -15127 1 SCHOLARSHIPS, FINANCIAL AID AND GRANTS 6516 27463076 0 N/A N/A HEERF CARES ACT GRANTS 782 1257896 N/A N/A PART I, LINE 2: THE MAJORITY OF GRANTS AND ASSISTANCE PROVIDED BY THE UNIVERSITY IS IN THE FORM OF SCHOLARSHIPS AND FINANCIAL AID TO OFFSET THE COST OF TUITION, ROOM AND BOARD FOR ITS STUDENTS. THESE FUNDS ARE AWARDED THROUGH THE UNIVERSITY'S FINANICAL AID OFFICE BASED ON A COMBINATION OF MERIT AND NEED. THEY ARE DISBURSED DIRECTLY TO THE STUDENT'S BILLING ACCOUNT BY THE OFFICE OF STUDENT ACCOUNTS. THE UNIVERSITY RECEIVED EMERGENCY RELIEF FUNDS FOR STUDENTS AS A PART OF THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT). THE UNIVERSITY ISSUED EMERGENCY RELIEF FUNDS TO ELIGIBLE STUDENTS WHO APPLIED FOR EMERGENCY RELIEF AS A RESULT OF THE COVID-19 PANDEMIC. X 1 1 X X X 0 1 0 0 0 0 0 0 0 DR CARLOS CAMPO PRESIDENT 324544 0 0 0 163308 0 12522 0 22373 0 522747 0 88977 0 ELAD GRANOT DEAN OF BUSINESS AND ECONOMICS 298896 0 0 0 524 0 4735 0 27665 0 331820 0 0 0 ROBERT STOLL ASSOC. PROFESSOR - MANAGEMENT 191701 0 0 0 502 0 2915 0 51990 0 247108 0 0 0 DANIEL FOX ASSOCIATE PROFESSOR OF BUSINESS 192588 0 0 0 337 0 2971 0 17007 0 212903 0 0 0 SIVAKUMAR VENKATARAMANAY PROFESSOR - INT'L BUSINESS 177161 0 0 0 953 0 3137 0 29054 0 210305 0 0 0 VICTORIA KASKEY ASSOC. PROFESSOR - ACCOUNTING 174273 0 0 0 126 0 2469 0 28859 0 205727 0 0 0 MARC PASTERIS VP OF FINANCE & CFO 166857 0 0 0 796 0 3367 0 27910 0 198930 0 0 0 TODD MARSHALL INT PROV THRU 6/19, VP COR ED & INNOV EFF. 7/19 159627 0 0 0 260 0 4143 0 33376 0 197406 0 0 0 PATRICK EWING VP OF FACILITIES MGMT AND PLANNING 121923 0 0 0 185 0 3947 0 51135 0 177190 0 0 0 MARGARET A POMFRET VP OF INSTITUTIONAL ADVANCEMENT 156492 0 0 0 160 0 4725 0 1466 0 162843 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED FOR THE FOLLOWING INDIVIDUALS: CARLOS CAMPO - $24,000 PART I, LINE 4B LINE 4B: CARLOS CAMPO - $88,977 WAS DISTRIBUTED TO HIS 457(F) PLAN IN 2019. THIS AMOUNT WAS PREVIOUSLY REPORTED ON A PRIOR FORM 990. A ECONOMIC DEVELOPMENT AND FINANCE ALLIANCE OF TUSCARAWAS COUNTY 300012117 90069GAB9 2015-07-29 67355000 PAYOFF PREVIOUS DEBT & CAPITAL IMPROVEMENTS 0 0 0 A 3280000 67355000 4997900 741625 1341412 5000000 3242202 55274063 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCOTT WILLIAMS AU TRUSTEE - CEO & 100% OWNER OF VINYL MARKETING 398960 ADVERTISING, MARKETING, AND WEB DESIGN 0 X 15 1960398 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED MAY 31, 2020. FORM 990, PART VI, SECTION A, LINE 1 WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO EXERCISE ALL THE FUNCTIONS OF THE BOARD OF TRUSTEES. THE COMMITTEE MAY NOT HIRE OR REMOVE THE PRESIDENT, CHANGE THE BY-LAWS OF THIS POLICY AND PROCEDURE MANUAL, MAKE CHANGES TO THE MISSION, APPROVE MAJOR CONSTRUCTION PROJECTS, INCUR DEBT FINANCING, SELL OR ACQUIRE MAJOR ASSETS OR ELECT BOARD MEMBERS. MINUTES OF THE EXECUIVE COMMITTEE SHALL BE PRESENTED TO THE FULL BOARD FOR THEIR APPROVAL AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE CONTROLLER AND THEIR STAFF WITH THE ASSISTANCE OF AN INDEPENDENT TAX PREPARATION FIRM. UNIVERSITY MANAGEMENT REVIEWS THE 990 FOR COMPLETENESS AND ACCURACY. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND ACCEPTS THE FORM 990 PRIOR TO FILING. THE ENTIRE BOARD OF TRUSTEES ARE PROVIDED ACCESS TO THE FILING COPY AND HAVE AN OPPORTUNITY TO ASK QUESTIONS AND THE ADMINSTRATION WILL SATISFACTORILY RESPOND PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. STAFF IN THE PRESIDENT'S OFFICE REVIEW THE SIGNED FORMS FOR COMPLETENESS AND DISCLOSURE OF CONFLICTS. ANY MEMBER WHO HAS A CONFLICT RECUSES HIMSELF OR HERSELF FROM THE DISCUSSION AND VOTING TOPICS AT BOARD MEETINGS. ALL INTERESTED PERSONS, INCLUDING BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS ALSO COMPLETE AN ANNUAL QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS WHICH MIGHT EXIST. THE RESPONSES TO THIS QUESTIONARE ARE REVIEWED BY THE OFFICE OF BUSINESS AFFAIRS. THE EMPLOYEE HANDBOOK HAS A CONFLICT OF INTEREST STATEMENT THAT COVERS ALL EMPLOYEES OF THE UNIVERSITY. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED A SUMMARY OF ANY CONFLICTS THAT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES IS RESPONSIBLE FOR SETTING COMPENSATION FOR THE PRESIDENT. THE BOARD REVIEWED AND APPROVED THE LEVEL OF COMPENSATION FOR THE CURRENT PRESIDENT BASED ON VARIOUS FACTORS, INCLUDING REVIEW OF PRESIDENTIAL COMPENSATION PACKAGES AT COMPARABLE INSTITUTIONS AND REVIEW OF THE MARKET OF PRESIDENTS WITH SIMILAR LEVELS OF EXPERTISE AS THE PRESIDENT. THE PRESIDENTIAL ASSESSMENT COMMITTEE OF THE BOARD CONDUCTS ON-GOING ANALYSIS OF PRESIDENTIAL COMPENSATION AND MAKES ADJUSTMENTS BASED ON PERFORMANCE AND MARKET DATA. THE UNIVERSITY USES PEER DATA AND INTERNAL EQUITY CONSIDERATIONS TO SET COMPENSATION FOR ALL OTHER EMPLOYEES. THE PRESIDENT SETS COMPENSATION FOR VICE PRESIDENTS USING THE COMPENSATION STUDY, OTHER INDUSTRY COMPENSATION COMPILATIONS AND COMPARING SIMILARLY SITUATED INSTITUTIONS. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT ON-SITE AND ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 942,871. 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. ASHLAND THEOLOGICAL SEMINARY FOUNDATION 910 CENTER STREET ASHLAND OH 44805 341202588 PROVIDES SUPPORT TO ASHLAND THEOLOGICAL SEMINARY OH 501(C)(3) LINE 12C, III-FI ASHLAND UNIVERSITY 0 FRIENDS OF ASHBROOK CENTER PO BOX 5192 ASHLAND OH 44805 341581651 PROVIDES SUPPORT TO JOHN M. ASHBROOK CENTER FOR PUBLIC AFFAIRS OH 501(C)(3) LINE 12D, III-O N/A 0 ASHLAND LEGACY TRUST PO BOX 384 ASHLAND OH 44805 456496788 SEE PART VII FOR PRIMARY ACTIVITY OH T 1.00000 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 PART IV, COLUMN (B), PRIMARY ACTIVITY: THE TRUST HOLDS LIFE INSURANCE POLICIES ON SEVERAL OF THE UNIVERSITY'S CURRENT AND FORMER BOARD MEMBERS AND OTHERS.