2016-05-13T15:15:39-05:00 2015-06-30 272616366 EBELHAR WHITEHEAD PLLC 100 WEST THIRD STREET SUITE 200 OWENSBORO KY 42303 990 2014-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP BUSINESS AFFAIRS/TREASURER 8598583511 2016-05-13 1 JOSHUA D MEYER CPA P01229485 2709262922 2014 2016-08-17 19:52:53Z ASBURY UNIVERSITY SANDRA C GRAY 1 MACKLEM DRIVE WILMORE KY 40390 82849726 0 X WWW.ASBURY.EDU X 1904 KY A CHRISTIAN LIBERAL ARTS UNIVERSITY COMMITTED TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, EQUIPPING STUDENTS FOR A LIFETIME OF LEARNING, LEADERSHIP AND SERVICE. 19 19 1407 19 38068 0 4980024 18141559 41296033 42621033 2034358 1764922 985090 1001361 49295505 63528875 12741436 13643858 0 0 20635240 21881965 0 0 1595485 13528724 15530213 46905400 51056036 2390105 12472839 114982941 127157972 13816131 16381001 101166810 110776971 X THE MISSION OF ASBURY UNIVERSITY, AS A CHRISTIAN LIBERAL ARTS UNIVERSITY IN THE WESLEYAN-HOLINESS TRADITION, IS TO EQUIP MEN AND WOMEN, THROUGH A COMMITMENT TO ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, FOR A LIFETIME OF LEARNING, LEADERSHIP AND SERVICE TO THE PROFESSIONS, SOCIETY, THE FAMILY AND THE CHURCH, THEREBY PREPARING THEM TO ENGAGE THEIR CULTURES AND ADVANCE THE CAUSE OF CHRIST AROUND THE WORLD. 0 0 41923316 13643858 43455745 ASBURY UNIVERSITY IS A CHRISTIAN LIBERAL ARTS UNIVERSITY. THE COLLEGE WAS FOUNDED IN 1890 AND IS ACCREDITED BY THE SOUTHERN 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, KY AND A VIRTUAL CAMPUS FOR ON-LINE LEARNING, PROVIDING EDUCATION FOR APPROXIMATELY 1,850 STUDENTS. 41923316 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 2542 0 1 1407 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 KY OR X UNIVERSITY PERSONNEL 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 CE CROUSE JR BOARD CHAIR 4.00 X X 0 0 0 LARRY D BROWN VICE CHAIR 4.00 X X 0 0 0 RONALD W TARRANT SECRETARY 4.00 X X 0 0 0 AARON AMMERMAN TRUSTEE 2.00 X 0 0 0 RONALD BALL TRUSTEE 2.00 X 0 0 0 DAVID BRAZELTON TRUSTEE 2.00 X 0 0 0 LARRY W GREEN TRUSTEE 2.00 X 0 0 0 DEBORAH KAY HAYDEN TRUSTEE 2.00 X 0 0 0 HAROLD L HEINER JR TRUSTEE 2.00 X 0 0 0 MORRIS E HINTZMAN TRUSTEE 2.00 X 0 0 0 GREGORY B ISAACS TRUSTEE 2.00 X 0 0 0 DENISE L ROBINSON JONES TRUSTEE 2.00 X 0 0 0 MARGARET G KIM TRUSTEE 2.00 X 0 0 0 SARAH LUCE TRUSTEE 2.00 X 0 0 0 NATHAN R MOWERY TRUSTEE 2.00 X 0 0 0 TIMOTHY A SHELL TRUSTEE 2.00 X 0 0 0 DEBORAH A WEIDENHAMER TRUSTEE 2.00 X 0 0 0 MARK H WHITWORTH TRUSTEE 2.00 X 0 0 0 ROBERT F WILEY TRUSTEE 2.00 X 0 0 0 SANDRA C GRAY PRESIDENT 40.00 X 214521 0 28947 CHARLIE D FISKEAUX VP BUSINESS AFFAIRS/TREASU 40.00 X 113245 0 20841 JONATHAN S KULAGA PROVOST 40.00 X 121861 0 25276 MARK J TROYER VP FOR ENROLLMENT MANAGEME 40.00 X 108325 0 18392 GLENN HAMILTON VP FOR OPERATIONS 40.00 X 86849 0 18845 SARAH BALDWIN VP FOR STUDENT DEVELOPMENT 40.00 X 49920 0 10295 CHARLES SHEPARD II VP FOR INSTITUTIONAL ADVAN 40.00 X 110771 0 21631 805492 0 144227 5 0 1 0 PIONEER COLLEGE CATERERS 12351 WEST 96TH TERRACE SUITE 204 LENEXA KS 66215 FOOD SERVICE 1981180 HAYDEN COMPANY INC 208 SOUTH MAIN STREET NICHOLASVILLE KY 40356 CONSTRUCTION 1093922 CAMPUS MANAGEMENT CORP 5201 N CONGRESS AVE SUITE 220A BOCA RATON FL 33487 SOFTWARE 500120 ROOF SERVICES LLC 4475 ROCKWELL ROAD WINCHESTER KY 40391 CONSTRUCTION 249139 PRO SOUND INC 142 HENDREN WAY NICHOLASVILLE KY 40356 SOUND ENGINEER 227950 12 18141559 194612 18141559 TUITION & FEES 611600 36311127 36311127 AUXILIARY INCOME 611710 6309906 6309906 42621033 1039085 443 1038642 260316 131292 129024 129024 129024 19804804 32357 19013592 97732 791212 -65375 725837 725837 128798 78235 50563 50563 CONTRACTS & OTHER EXCHANGE TRANSA 900099 784149 784149 LUCE CENTER 713940 37625 37625 821774 63528875 43455745 38068 1893503 13643858 13643858 860241 184308 561066 114867 16000040 12600370 2766820 632850 732928 543953 135505 53470 3125660 2198533 655584 271543 1163096 851072 223738 88286 31833 31833 79353 79353 230011 186127 955 42929 557269 386962 149085 21222 445475 309780 100415 35280 283131 205363 59608 18160 1965769 1844120 118117 3532 680785 504523 87241 89021 42321 35213 687 6421 456379 452739 3640 3645603 3387586 258017 394397 313980 80417 AUXILLIARY SERVICES 2181644 2181644 RSV FOR UNCOLLECTIVLE C 1341309 1341309 INSTRUCTION & ACADEMIC 1165367 1165367 STUDENT SERVICES 862547 862547 1167020 65271 883845 217904 51056036 41923316 7537235 1595485 1814271 1831503 3075393 2789568 1035031 8649242 874316 2438054 2777561 2567691 299297 276618 106911 97109 114256210 56853594 56390954 57402616 30639980 31863652 13276013 14218144 4693214 5023775 114982941 127157972 2171623 2014734 7823569 7277643 3345847 3820939 3742777 13816131 16381001 X 57630403 56738623 10625599 18955249 32910808 35083099 101166810 110776971 114982941 127157972 X 12472839 -1322325 -1540353 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 308511 X X X 0 47598860 2143094 518759 928072 462265 48870376 40865331 1511744 6231523 765471 244267 47598860 37696469 2259190 2101306 711375 480259 40865331 38002764 671639 507295 1485229 37696469 33329711 428999 5163608 919554 38002764 0.18560 0.71790 0.09650 0 0 843716 1893516 2737232 2168406 77392979 35007683 44553702 7155782 3187539 3968243 23208716 18658372 4550344 1593095 1593095 57402616 HEDGE FUNDS (NON-PUBLICLY TRADED) 14218144 F 14218144 ANNUITIES PAYABLE 930460 REFUNDABLE US GOVT STUDENT LOAN FUNDS 1649450 STUDENT FEES COLLECTED IN ADVANCE 481702 DEPOSITS HELD IN CUSTODY FOR OTHERS 445247 HEALTH PLAN RESERVE 221970 HOUSING & KEY DEPOSITS 13948 3742777 X 47100574 -1322325 -1462118 -2784443 49885017 13643858 13643858 63528875 37490413 78235 78235 37412178 13643858 13643858 51056036 PART III, LINE 4: ARTWORK IS DISPLAYED FOR ENRICHMENT OF EDUCATIONAL EXPERIENCE. BOOKS, PAPERS, ETC. FROM THE WESLEY AND MACCLESFIELD COLLECTION ARE HELD IN ARCHIVES FOR EXHIBITION AND RESEARCH. PART V, LINE 4: ENDOWMENT CONSISTS OF APPROXIMATELY 400 INDIVIDUAL FUNDS, BOTH DONOR-RESTRICTED AND BOARD DESIGNATED. INCOME FROM THESE FUNDS ARE RESTRICTED OR DESIGNATED FOR THE PURPOSE OF PROVIDING FINANCIAL AID FOR STUDENTS (BOTH SCHOLARSHIPS AND STUDENT LOANS), AND SUPPORT OF INSTRUCTION, FACILITIES, AND OTHER PROGRAMS. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION (512)(A)(1) OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. THE UNIVERSITY FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 78,235. CHANGE IN RESERVE FOR NONCOLLECTIBLE CONTRIBUTIONS -1,445,878. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -91,074. CHANGE IN VALUE OF BENEFICIAL INTERESTS -3,401. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 13,643,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 78,235. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID DISCOUNTS 13,643,858. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BULLETIN AND SOLICITATION MATERIALS HAVE STATEMENTS REGARDING NONDISCRIMINATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID FOR STUDENTS FROM THE US DEPARTMENT OF EDUCATION. 1 STUDENT AID DISCOUNTS 1590 13643858 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 1 1 X X 0 0 0 0 0 0 0 0 0 SANDRA C GRAY PRESIDENT 207508 0 0 0 7013 0 12764 0 16183 0 243468 0 0 0 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. A CITY OF WILMORE KY 616001932 2009-12-18 9000000 CONSTRUCTION OF CAMPUS FACILITIES 0 0 0 A 1722357 9000000 335931 9000000 2010 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 X 5 189612 STOCK QUOTE X LIVESTOCK-HORSES 2 5000 COMPARABLE SALES 0 1 0 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. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND IDENTIFIES ANY EXISTING CONFLICTS, OR AFFIRMS THAT THERE IS NO CONFLICT OF INTEREST. THE FORMS ARE 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. FORM 990, PART VI, SECTION B, LINE 15 CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS: COMPARATIVE DATA IS COMPILED BY THE HUMAN RESOURCES OFFICE AND SUPPLIED TO THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE PRESIDENTIAL COMPENSATION. DATA WAS LAST REQUESTED IN 2015. OTHER OFFICERS OR KEY EMPLOYEES: ANNUAL COMPARATIVE SALARY SURVEYS ARE COMPILED ANNUALLY. BENCHMARKS FOR EACH OFFICER AND KEY EMPLOYEE HAVE BEEN ESTABLISHED BASED ON THIS COMPARATIVE DATA. THE PRESIDENT ESTABLISHES COMPENSATION FOR OFFICERS. THIS DATA WAS LAST COMPILED DURING THE SUMMER OF 2015. 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -91,074. CHANGE IN BENEFICIAL INTEREST IN TRUSTS -3,401. CHANGE IN RESERVE FOR NONCOLLECTIBLE CONTRIBUTIONS -1,445,878.