2020-03-20T07:06:52-05:00 2019-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2018-06-01 340714626 ASHLAND UNIVERSITY ASHL 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 MARC PASTERIS VICE PRESIDENT & CFO 4192895011 2020-03-04 1 EUGENE J LOGAN P00227231 4122613644 151.181.66.80 2020-03-04 07:09:16 ES P ED4C94F1B30A2419E19D98BACB4CD30BED54357B 80A229DD40C2F8401B8A95FBCDDC8E11E23D1D16 2018 2021-01-29 14:40:06Z DR CARLOS CAMPO 401 COLLEGE AVENUE ASHLAND OH 44805 153574652 0 X WWW.ASHLAND.EDU X 1878 OH INSTITUTION OF HIGHER EDUCATION 27 26 2847 27 580771 0 13524771 9933709 112371355 115296054 2379364 2802032 -578868 -409560 127696622 127622235 25608930 25464693 0 0 58447817 63896142 116260 166149 2895970 34601322 36705416 118774329 126232400 8922293 1389835 243939498 246551900 94948662 97680956 148990836 148870944 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 99891580 25021301 94751780 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, FOUNDERS COLLEGE, 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. 15307234 443392 20544273 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. 115198814 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 0 0 0 1 1 0 0 0 1 0 0 0 1 363 0 1 2847 1 1 1 1 CJ 0 0 0 1 1 1 1 0 0 0 1 0 0 0 X 27 26 0 0 1 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 RONALD B ALFORD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT M ARCHER TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER D BOYD TRUSTEE 1.00 0.00 X 9901 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 REID FIRESTONE TRUSTEE (ENTERED 10/18) 1.00 0.00 X 0 0 0 DR ARDEN E GILMER TRUSTEE 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 LISA O MILLER TRUSTEE, EMERITUS EFF. 2/19 1.00 0.00 X 0 0 0 PAUL E MCKNIGHT TRUSTEE 1.00 0.00 X 0 0 0 MINDY MCLAUGHLIN TRUSTEE (EXITED 12/18) 1.00 0.00 X 0 0 0 JOHN D MOORE TRUSTEE 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 MITCHELL P ZUNICH TRUSTEE, EMERITUS EFF. 5/19 1.00 0.00 X 0 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 DR CARLOS CAMPO PRESIDENT 40.00 0.00 X 488228 0 94954 WILLIAM CROTHERS EXITED 1018 INTERIM VP/EXECUTIVE DEAN 40.00 2.00 X 107218 0 1072 WAYNE MCCOWN ENTERED 1018 INTERIM VP/EXECUTIVE DEAN 40.00 2.00 X 38190 0 382 EUN-WOO CHANG PROVOST (EXITED 12/18) 40.00 0.00 X 212293 0 10258 TODD MARSHALL INTERIM PROVOST (ENTERED 1/19) 40.00 0.00 X 147365 0 41293 ROBERT POOL VP OF STUDENT AFFAIRS (ENTERED 7/18) 40.00 0.00 X 59909 0 13982 PATRICK EWING VP OF OPERATIONS AND PLANNING 40.00 0.00 X 116780 0 72327 MARC PASTERIS VP AND CHIEF FINANCIAL OFFICER 40.00 0.00 X 156451 0 21410 MARGARET A POMFRET VP OF INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 152875 0 5015 PETER RIOS ENTERED 1018 INTERIM VP OF ENTROLLMENT MANAGEMENT 40.00 0.00 X 39277 0 4408 ROGER BECKETT EXITED 0918 DIRECTOR OF ASHBROOK CENTER 40.00 0.00 X 193738 0 34452 ELAD GRANOT DEAN OF BUSINESS AND ECONOMICS 40.00 0.00 X 289162 0 29963 DANIEL FOX ASSOCIATE PROFESSOR OF BUSINESS 40.00 0.00 X 195580 0 22471 SIVAKUMAR VENKATARAMANAY PROFESSOR - INT'L BUSINESS 40.00 0.00 X 173168 0 31012 ROBERT STOLL ASSOC. PROFESSOR - MANAGEMENT 40.00 0.00 X 195312 0 68289 VICTORIA KASKEY ASSOC. PROFESSOR - ACCOUNTING 40.00 0.00 X 168468 0 24657 MARK HARDEN FORMER OFFICER 0.00 0.00 X 178642 0 9951 2922557 0 485896 40 1 1 0 EDUFFICIENT LLC 6 FOREST AVE 2ND FLOOR PARAMUS NJ 07652 ADVERTISING/MARKETING 748491 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR STE 500 RESTON VA 20191 INFORMATION TECHNOLOGY SERVICES 379498 ASCEND LEARNING HOLDINGS LLC 11161 OVERBROOK RD LEAWOOD KS 66211 EDUCATIONAL RESOURCES 346902 OLOGIE LLC 447 E MAIN ST COLUMBUS OH 43215 ADVERTISING/MARKETING 320131 S&S VIDEO PRODUCTIONS 12 CHERDON CIRCLE WAKEMAN OH 44889 VIDEO PRODUCTION 224980 9 110805 1660262 8162642 2167018 9933709 TUITION & FEES 611710 94751780 94751780 AUXILIARY ENTERPRISES 611710 20544274 20544274 115296054 2635902 2635902 2974 2974 20391899 20225769 166130 166130 166130 79849 110805 132783 -52934 -52934 5234265 5593865 -359600 580771 -940371 127622235 115296054 580771 1811701 25464693 25464693 2087317 644187 1035020 408110 189358 189358 48141137 43666303 3478736 996098 894370 812366 62304 19700 8913962 8453990 387417 72555 3669998 3210912 388049 71037 475976 475976 103310 103310 166149 166149 151823 151823 5112026 4447031 89374 575621 3790803 3702302 8317 80184 1265623 654940 562868 47815 1747534 1589744 94026 63764 4635645 4609465 17686 8494 2888459 2706553 35283 146623 229425 195530 11525 22370 4087534 4087534 5539014 5539014 1570575 1101742 468833 HOSPITALITY 1022247 828871 69320 124056 INSTRUCTIONAL COST 663689 663689 STUDENT ACTIVITIES 418620 418620 BAD DEBT/COLLECTION 409307 409307 2593806 1992021 508391 93394 126232400 115198814 8137616 2895970 9079 8876 27797606 30643413 2270567 2660201 12866909 14478044 2385570 2276471 736787 782745 588411 437286 257046714 114187626 142001943 142859088 53069115 48715660 1767181 3253388 446330 436728 243939498 246551900 10157620 11056566 10003853 12308403 65126262 64094131 2599157 1984258 7061770 8237598 94948662 97680956 X 91825557 91849160 16421622 57021784 40743657 0 148990836 148870944 243939498 246551900 X 1389835 -1582851 73124 X X 0 1 X 1 1 1 X 6179810 10374050 8680949 13524771 9933709 48693289 6179810 10374050 8680949 13524771 9933709 48693289 8448199 40245090 1335794 1169898 1543707 1780678 2638876 8468953 77260 178310 255570 57417812 544836271 0.70090 0.68210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 5 257.86 0 0 0 1 0 0.00 0 1 X X 0 45554224 1537067 -148675 1534310 77917 45330389 41288116 1691850 2949308 323542 51508 45554224 36762677 1168477 3931248 504425 69861 41288116 37731822 1108986 -1278189 732703 67239 36762677 39086241 521346 -1301315 574450 37731822 0.02640 0.97360 0.00000 0 0 18998794 18998794 183577999 71733886 111844113 37513488 33821050 3692438 16956433 8632690 8323743 142859088 CAPITAL LEASE OBLIGATIONS 2090688 ACCRUED CHARITABLE GIFT ANNUITY 2410917 ADVANCES FROM FEDERAL GOVERNMENT 1735993 BANK LINE OF CREDIT 2000000 8237598 X 106560189 -1582851 73124 -1509727 108069916 151823 19400496 19552319 127622235 106680081 5726648 5726648 100953433 151823 25127144 25278967 126232400 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, 2019 AND 2018 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 73,124. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 25,021,300. SPECIAL EVENT EXPENSE -132,783. BANK FEES 105,844. COST OF GOODS SOLD -5,593,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 132,783. COST OF GOODS SOLD 5,593,865. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 25,021,300. BANKING FEES 105,844. 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 FUNDING FROM THE FEDERAL GOVERNMENT FOR FEDERAL WORK-STUDY AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. THE UNIVERSITY ALSO PARTICIPATES IN THE FEDERAL PERKINS LOAN PROGRAM AND NURSING FACULTY LOAN PROGRAM, PARTIALLY 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 252600 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 1852 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD 471794 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 4667 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ACCREDITATION - SOFTWARE LICENSE AGREEMENT 25183 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 7500 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO 0 0 PROGRAM SERVICES MISSION TRIP 8000 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 37025 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 2510499 0 0 0 0 0 0 772346 2547524 3319870 1 0 0 1 1 0 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 311399 60149 251249 AC FITZGERALD & ASSOCIATES PO BOX 321012 ALEXANDRIA VA 22320 DIRECT MAIL CONSULTING, ASSISTED WITH STRATEGIES 0 0 70000 0 DOUG BECHLER 246 ATLANTIC AVE APT 2 PALM BEACH FL 33480 MAJOR GIFT CONSULTING 0 0 36000 0 311399 166149 251249 AL AK AR CA CO CT DC FL GA HI KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI MEMORIAL DINNER 91385 84335 7050 17259 46069 EAGLE GOLF OUTING 81329 16750 64579 28898 40029 1 17940 9720 8220 528 190654 110805 79849 46685 86098 132783 -52934 1 SCHOLARSHIPS, FINANCIAL AID AND GRANTS 4889 25464693 0 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 FINANCIAL 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. X 1 1 X X X 1 1 0 0 0 0 0 0 0 DR CARLOS CAMPO PRESIDENT 315885 0 0 0 172343 0 65332 0 29622 0 583182 0 88977 0 EUN-WOO CHANG PROVOST (EXITED 12/18) 192839 0 0 0 19454 0 4047 0 6211 0 222551 0 0 0 TODD MARSHALL INTERIM PROVOST (ENTERED 1/19) 147012 0 0 0 353 0 3187 0 38106 0 188658 0 0 0 PATRICK EWING VP OF OPERATIONS AND PLANNING 116606 0 0 0 174 0 3776 0 68551 0 189107 0 0 0 MARC PASTERIS VP AND CHIEF FINANCIAL OFFICER 155739 0 0 0 712 0 1578 0 19832 0 177861 0 0 0 MARGARET A POMFRET VP OF INSTITUTIONAL ADVANCEMENT 152722 0 0 0 153 0 4582 0 433 0 157890 0 0 0 ROGER BECKETT EXITED 0918 DIRECTOR OF ASHBROOK CENTER 193738 0 0 0 0 0 16431 0 18021 0 228190 0 0 0 ELAD GRANOT DEAN OF BUSINESS AND ECONOMICS 288657 0 0 0 505 0 4005 0 25958 0 319125 0 0 0 DANIEL FOX ASSOCIATE PROFESSOR OF BUSINESS 195250 0 0 0 330 0 2949 0 19522 0 218051 0 0 0 SIVAKUMAR VENKATARAMANAY PROFESSOR - INT'L BUSINESS 170902 0 0 0 2266 0 2971 0 28041 0 204180 0 0 0 ROBERT STOLL ASSOC. PROFESSOR - MANAGEMENT 194900 0 0 0 412 0 2459 0 65830 0 263601 0 0 0 VICTORIA KASKEY ASSOC. PROFESSOR - ACCOUNTING 168392 0 0 0 76 0 2382 0 22275 0 193125 0 0 0 MARK HARDEN FORMER OFFICER 62159 0 0 0 116483 0 3601 0 6350 0 188593 0 0 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED FOR THE FOLLOWING INDIVIDUALS: CARLOS CAMPO - $24,500 PART I, LINES 4A-B LINE 4A: MARK HARDEN - $116,208 RECEIVED SERVERANCE IN CALENDAR YEAR 2018. LINE 4B: CARLOS CAMPO - $88,977 WAS DISTRIBUTED TO HIS 457(F) PLAN IN 2018. 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 2130000 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 X 1 X 1 200000 FAIR MARKET VALUE X 11 1967018 FAIR MARKET VALUE 1 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, 2019. PART I, LINE 33: THE UNIVERSITY RECEIVED TWO LINES OF 25 CHARACTERS IN INK ON PAPYRUS IN CANAANITE DIALECT OF ARCHAIC HEBREW. 7TH CENTURY B.C. THE UNIVERSITY ELECTED NOT TO CAPITALIZE THE CONTRIBUTION UNDER THE STATEMENT OF FINANCIAL ACCOUNTING STANDARD NO. 116. 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 A, LINE 4 THE UNIVERSITY AMENDED THEIR BYLAWS IN OCTOBER 2018 AND FEBRUARY 2019 TO INCLUDE THE REVISIONS IN THE FOLLOWING SECTIONS: - ADDED SECTION 1.6 STANDING COMMITTEES, - ADDED SECTION 2.3 VICE PRESIDENT/EXEC DEAN OF SEMINARY - REVISED SECTION 2.5 AUTHORITY TO EXECUTE DOCUMENTS - REVISED SECTION 3.4 THE FACULTY SENATE - REVISED SECTION 3.6 THE SEMINARY FACULTY - REVISED SECTION 2.7.9 ASHLAND THEOLOGICAL SEMINARY COMMITTEE - REVISED SECTION 2.7.1 EXECUTIVE COMMITTEE - REVISED THE NUMBER OF VOTING TRUSTEES TO BE BETWEEN 21 AND 33. 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 73,124. 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 0 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.