ASHLAND THEOLOGICAL SEMINARY FOUNDATION

Address
910 CENTER ST
ASHLAND, OH 44805
Contact
Website: http://seminary.ashland.edu
Phone: +1 (419) 289-5161
Nonprofit
NTEE: B115 - Education
EIN: 34-1202588

Mission

THE EXCLUSIVE MISSION OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR THE ASHLAND THEOLOGICAL SEMINARY'S CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. THIS IS ACCOMPLISHED BY COLLECTING AND INVESTING DONATIONS. GRANTS FROM THE EARNINGS ARE MADE TO THE SEMINARY.
 201720162015
Basic features of the organization
Year of formation1976
Subsection501(c)(3)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$1,183.00$28,600.00$27,483.00
Sum of reportable (W2/1099) compensation$1,183.00$28,600.00$27,483.00
Number of employees122
Number of volunteers554
Personnel
Anderson, Wendell
TitleBOARD MEMBERTRUSTEETRUSTEE
Name of key/compensated personWENDELL G ANDERSON JRWENDELL ANDERSON JRWENDELL ANDERSON JR
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Cooper, Doug
TitleBOARD MEMBER  
Name of key/compensated personDOUG COOPER  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Firestone, Reid
TitlePRESIDENTTRUSTEETRUSTEE
Name of key/compensated personREV REID FIRESTONEREV REID FIRESTONEREV REID FIRESTONE
Average hours per week working for org2.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Hoff, Randy
TitleBOARD MEMBERTRUSTEETRUSTEE
Name of key/compensated personRANDY HOFFRANDY HOFFRANDY HOFF
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Leatherman, Ron
TitleBOARD MEMBERTRUSTEETRUSTEE
Name of key/compensated personRON LEATHERMANRON LEATHERMANRON LEATHERMAN
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Nickell, Vaughn
Title  TRUSTEE
Name of key/compensated person  VAUGHN NICKELL
Average hours per week working for org  1.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Reineke, Lee
TitleBOARD MEMBERTRUSTEETRUSTEE
Name of key/compensated personLEE REINEKELEE REINEKELEE REINEKE
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Shultz, John
Title  PAST PRESIDE
Name of key/compensated person  DR JOHN SHULTZ
Average hours per week working for org  2.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Solomon, Leroy
TitlePAST PRESIDEPRESIDENTPRESIDENT
Name of key/compensated personDR LEROY SOLOMONDR LEROY SOLOMONDR LEROY SOLOMON
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$25,000.00$24,583.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Thomas, Jim
TitleTREASURERTREASURERTREASURER
Name of key/compensated personJIM THOMASJIM THOMASJIM THOMAS
Average hours per week working for org2.002.002.00
Reportable compensation from org$1,183.00$3,600.00$2,900.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Walker, Laura
TitleBOARD MEMBER  
Name of key/compensated personLAURA NOBLE WALKER  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Purpose: mission, activities & accomplishments
Mission or significant activitiesTHE EXCLUSIVE MISSION OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR THE ASHLAND THEOLOGICAL SEMINARY'S CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. THIS IS ACCOMPLISHED BY COLLECTING AND INVESTING DONATIONS. GRANTS FROM THE EARNINGS ARE MADE TO THE SEMINARY.THE EXCLUSIVE MISSION OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR THE ASHLAND THEOLOGICAL SEMINARY'S CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. THIS IS ACCOMPLISHED BY COLLECTING AND INVESTING DONATIONS. GRANTS FROM THE EARNINGS ARE MADE TO THE SEMINARY.THE EXCLUSIVE MISSION OF THE FOUNDATION IS TO PROVIDE SUPPORT FOR THE ASHLAND THEOLOGICAL SEMINARY'S CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. THIS IS ACCOMPLISHED BY COLLECTING AND INVESTING DONATIONS. GRANTS FROM THE EARNINGS ARE MADE TO THE SEMINARY.
Program expenses (total)$5,364.00$288,013.00$176,039.00
Programs, including revenue & expenses
FUNDS PROVIDED TO ASHLAND THEOLOGICAL SEMINARY (GRADUATE SCHOOL OF ASHLAND UNIVERSITY) FOR STUDENT SCHOLARSHIPS.
Program expenses$5,364.00$288,013.00$176,039.00
Grants and allocations made$1,000.00$288,013.00$156,039.00
Program revenue$48,507.00$5,529.00$194,537.00
Program descriptionFUNDS PROVIDED TO ASHLAND THEOLOGICAL SEMINARY (GRADUATE SCHOOL OF ASHLAND UNIVERSITY) FOR STUDENT SCHOLARSHIPS.FUNDS PROVIDED TO ASHLAND THEOLOGICAL SEMINARY (GRADUATE SCHOOL OF ASHLAND UNIVERSITY) FOR STUDENT SCHOLARSHIPS.FUNDS PROVIDED TO ASHLAND THEOLOGICAL SEMINARY (GRADUATE SCHOOL OF ASHLAND UNIVERSITY) FOR STUDENT SCHOLARSHIPS.
Financial data
Expense categories (totals)
Sum (total functional expenses)$38,008.00$355,683.00$246,349.00
Program services (total functional expenses)$5,364.00$288,013.00$176,039.00
Management & general (total functional expenses)$32,644.00$67,670.00$69,841.00
Fundraising (total functional expenses)$0.00$0.00$469.00
Revenue
Total revenue$289,545.00$175,304.00$265,277.00
Program service revenue (total) $0.00$0.00
Revenue from contributions (total)$239,288.00$165,700.00$69,844.00
Investment income$48,507.00$5,529.00$194,537.00
Total unrelated business revenue$1,750.00$4,075.00$896.00
Other revenue, current yr$1,750.00$4,075.00$896.00
Net unrelated business taxable revenue$750.00$3,075.00 
Total revenue from grants, etc., current yr$239,288.00$165,700.00$69,844.00
Gross receipts$1,647,988.00$1,359,925.00$1,853,608.00
Sources of contributions
Revenue from all other contributions$239,288.00$165,700.00$69,844.00
Other types of revenue
Income from dividends, interest, and similar investments$81,709.00$88,656.00$93,765.00
Net rental income$1,750.00$4,075.00$896.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00
General management fees (total)  $20,469.00
Investment management fees (total)$23,200.00$25,845.00$21,750.00
Accounting service fees (total)$2,585.00$2,505.00$2,479.00
Assets and liabilities
Total assets$2,824,647.00$2,348,688.00$2,948,989.00
Total assets, beginning of year$2,348,688.00$2,948,989.00$3,172,591.00
Total liabilities$0.00$0.00$0.00
Temporarily restricted net assets$2,513,889.00$2,322,010.00$2,843,721.00
Net assets$2,824,647.00$2,348,688.00$2,948,989.00
Net assets, beginning of year$2,348,688.00$2,948,989.00$3,172,591.00
Investments: publicly traded securities$2,436,338.00$2,048,037.00$2,703,977.00
Cash: non-interest bearing$220,195.00$14,752.00$85,299.00
Cash: non-interest bearing, beginning of year$14,752.00$85,299.00$95,630.00
Other financial variables
Revenue less expenses$251,537.00-$180,379.00$18,928.00
Savings & temp cash investment$162,445.00$273,614.00$140,808.00
Total net assets or fund balances$2,824,647.00$2,348,688.00$2,948,989.00
Governance and accountability
Number of voting members979
Number of independent voting members979
Tax year start date2016-07-012015-07-012014-07-01
Tax year end date2017-06-302016-06-302015-06-30
Accounting methodCashCashCash
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k TrueTrue
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-06-212017-02-232016-01-13
IRS schema version2016v3.12015v2.12014v5.0
Filing identifier201801349349309520201623139349300242201512829349300126
Use these data in your project Benchmark this organization against its peers