2026-04-22T13:33:32+00:00 2025-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-07-01 610458355 ASBURY COLLEGE ASBU 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 GLENN R HAMILTON VP FOR OPERATIONS 2026-04-22 true true Lauren Denton P01571860 2604604000 2026-04-22 2024 2025-03-06 01:10:19Z ASBURY UNIVERSITY KEVIN BROWN 1 MACKLEM DRIVE WILMORE KY 40390 82629035 false 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. 23 23 1244 80 41928 0 11893063 6303482 50461940 51160044 2709093 4442195 1485707 2090174 66549803 63995895 21703349 20060188 0 22976791 24269953 0 0 2015555 18271555 20076305 62951695 64406446 3598108 -410551 184366354 190397269 13796728 15919258 170569626 174478011 ASBURY UNIVERSITY EQUIPS STUDENTS, THROUGH ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, FOR LIFELONG LEARNING, LEADERSHIP, AND SERVICE TO THE PROFESSIONS, SOCIETY, THE FAMILY AND THE CHURCH, PREPARING THEM TO ENGAGE THEIR CULTURES AND ADVANCE THE CAUSE OF CHRIST WORLDWIDE. false false 56611005 20060188 53095660 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 ASSOCATION 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 1,927 STUDENTS. 56611005 true true false false false false false true false true true true false false true false true false true false true false false false false false false false true true true false false false false false false false false false false true true false false false false false false false false true 2781 0 true 1244 true true true false false false false false false false false false false false X 23 23 false false false false false false false true true false false false false true true true true true true true false false KY OR X UNIVERSITY PERSONNEL 8598583511 1 MACKLEM DRIVE WILMORE KY 40390 Andrew J Coleman Vice Chair 2.0 X 0 0 0 Ashleigh Lindsay-Behnke Trustee 2.0 X 0 0 0 CE Crouse Jr Trustee 2.0 X 0 0 0 Cindy-Lou Drummond Trustee 2.0 X 0 0 0 Delvin J Pikes Trustee 2.0 X 0 0 0 Dr OJ Oleka Trustee 2.0 X 0 0 0 Dr Stephen K Toadvine Trustee 2.0 X 0 0 0 Elaine A Bernius Secretary 2.0 X 0 0 0 Jamie C Higdon Trustee 2.0 X 0 0 0 Janine C Jones Trustee 2.0 X 0 0 0 Jeffrey E Stryker Trustee 2.0 X 0 0 0 John G Rinehimer Trustee 2.0 X 0 0 0 Jorge Acevedo Trustee 2.0 X 0 0 0 Joseph R Pitts Trustee 2.0 X 0 0 0 Larry D Brown Board Chair 4.0 X 0 0 0 LIsa F Ausley Trustee 2.0 X 0 0 0 Neal R Schultz Trustee 2.0 X 0 0 0 Richard O Speakman Trustee 2.0 X 0 0 0 Rob L Aukerman Trustee 2.0 X 0 0 0 Ron Ball Trustee 2.0 X 0 0 0 Sarah L Luce Trustee 2.0 X 0 0 0 Timothy A Shell Trustee 2.0 X 0 0 0 Waldon Garriss Trustee 2.0 X 0 0 0 Dr Kevin J Brown President 40.0 X 276795 0 48226 Dr Mark Troyer VP for Institutional Advancement 40.0 X 118886 0 22936 Dr Sarah Baldwin VP for Student Development 40.0 X 96143 0 21944 Dr Sherry Powers Provost 40.0 X 141578 0 16828 Glenn Hamilton VP for Operations 40.0 X 107863 0 22771 Jennifer McChord VP for Enrollment Management 40.0 X 108217 0 22347 Mark Whitworth VP for Intercollegiate Athletics 40.0 X 124479 0 23603 Dale L Jarrard Associate VP for Advancement 40.0 X 100347 0 22207 1074308 0 200862 10 true true false Denham-Blythe Company Inc 100 Trade Street Lexington KY 40511 Construction 3074946 Fresh Ideas PO Box 91337 Chicago IL 606931337 FOOD SERVICE 3010163 Brett Construction Company 354 Waller Avenue Suite 200 Lexington KY 40504 Construction 439701 Hager Construction Company Inc 109 Contract Court Nicholasville KY 40356 Construction 348820 Gold Shield Limousine Co Inc PO Box 2145 Lexington KY 40588 Transportation 290388 15 264913 6038569 191127 6303482 TUITION & FEES 611600 40117102 40117102 AUXILLARY INCOME 611710 11042942 11042942 0 0 0 0 51160044 2402258 1739 2400519 198488 84119 114369 0 114369 114369 20456477 30962 18332040 115462 2124437 -84500 2039937 2039937 171649 101519 70130 70130 CONTRACTS & OTHER EXCHANGE TRANSACTIONS 900099 1796235 1796235 LUCE CENTER 713940 109440 69251 40189 0 0 0 0 1905675 63995895 53095660 41928 4554825 20060188 20060188 1036739 802032 159387 75320 17886325 13837047 2749827 1299451 487647 361376 126271 3462334 2565802 896532 1396908 1035195 361713 32315 32315 100072 100072 272814 272814 144875 119534 13235 12106 753995 622108 68880 63007 199679 164752 18241 16686 1143046 943107 104421 95518 3365753 2777022 307473 281258 893074 736860 81585 74629 71957 70588 1369 449529 279787 169742 4596921 4403227 193694 822196 806555 15641 AUXILIARY SERVICES 3438665 3438665 STUDENT SERVICES 2623705 2623705 OTHER 1167709 963455 106674 97580 0 0 0 0 64406446 56611005 5779886 2015555 4489048 348241 842682 2529655 5121621 3818451 743470 935296 0 0 0 0 1344493 1125022 272020 259430 239855 651915 178627933 90060286 86284618 88567647 62386706 57651926 22271121 33830817 0 0 0 370720 678869 184366354 190397269 2391040 1897217 0 0 793040 407403 4581966 4222464 0 0 0 0 4711239 7397121 0 0 1319443 1995053 13796728 15919258 X 90143931 86990019 80425695 87487992 170569626 174478011 184366354 190397269 X -410551 4316874 2062 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 823974 X X X false 80770442 1264603 8359502 2756725 -269316 87907138 74961008 1128598 7755731 499765 2575130 80770442 71102782 1664681 4941772 1168982 1579245 74961008 72329143 7214719 -5761261 543288 2136531 71102782 55519136 3578492 15464909 867328 1366066 72329143 0.1292 0.6964 0.1744 false false 3151711 3151711 120695812 55124309 65571503 32321067 27961636 4359431 22459343 6974341 15485002 88567647 Closely-held equity interests Financial derivatives LIMITED PARTNERSHIPS 31625124 C RENTAL PROPERTY 1998410 C FARM AND SUBDIVISION 207283 C 33830817 Federal Income Taxes HOUSING AND KEY DEPOSITS 14676 DEPOSITS HELD IN CUSTODY OF OTHERS 1027499 HEALTH PLAN RESERVE 134007 REFUNDABLE STUDENT LOANS 286146 OPERATING LEASE LIABILITY 63920 FINANCING LEASE LIABILITY 132671 ANNUITIES PAYABLE 336134 1995053 48167467 4316874 187700 4504574 43662893 272814 20060188 20333002 63995895 44259082 185638 185638 44073444 272814 20060188 20333002 64406446 Schedule D, Part X, Line 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 Collections of art - description of collections 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. Schedule D, Part V, Line 4 Intended uses of endowment funds 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - 2062 COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 - 101519 RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 - 84119 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements STUDENT AID NETTED WITH REVENUE ON FINANCIALS - 20060188 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD NETTED WITH REVENUE ON FORM 990 - 101519 RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 - 84119 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT AID NETTED WITH REVENUE ON FINANCIALS - 20060188 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY BULLETIN AND SOLICITATION MATERIALS HAVE STATEMENTS REGARDING NONDISCRIMINATION. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE ORGANIZATION RECEIVES FINANCIAL AID FOR STUDENTS FROM THE US DEPARTMENT OF EDUCATION. Central America and the Caribbean 0 0 Investments 14300229 Europe (Including Iceland and Greenland) 0 0 Investments 1744505 0 0 0 0 0 0 16044734 0 16044734 false false false true true false true STUDENT AID/SCHOLARSHIPS 1728 20060188 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X true true X X false false false false false false false false false Dr Kevin J Brown President 276795 0 0 0 0 0 9617 0 38609 0 325021 0 0 0 Dr Sherry Powers Provost 141578 0 0 0 0 0 5678 0 11150 0 158406 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments THE PRESIDENT USES A UNIVERSITY OWNED CAR FOR COMMUTING AND OTHER NON-BUSINESS USE. THIS BENEFIT IS TAXABLE. A CITY OF WILMORE KY 616001932 2009-12-18 9000000 CONSTRUCTION OF CAMPUS FACILITIES false false false A 4777536 9000000 335931 9000000 2010 false false true true A false false false false false false 0 0 0.0 false false 0 false true A false false false false false false 0 false false false 0 false false true A true 1 15250 Market value 11 157551 Market value X DRONE AND RELATED EQUIPMENT 1 1190 Market value X FURNITURE 2 17136 Market value 0 false true false Schedule M, Part I COLUMN B THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy EACH TRUSTEE IS TO REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY AND IDENTIFY ANY EXISTING CONFLICTS, OR AFFIRM 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 ROCEDURE. 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, Line 15a Process to establish compensation of top management official COMPARATIVE DATA IS COMPILED BY THE HUMAN RESOURCES OFFICE AND SUPPLIED TO THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE PRESIDENTIAL COMPENSATION. Form 990, Part VI, Line 15b Process to establish compensation of other 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 THE OFFICERS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT IS AVAILABLE 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 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - 2062; Total - 2062;