2023-10-31T18:19:50-05:00 2022-12-31 912011386 JACOBSON JARVIS & CO PLLC 200 1ST AVE W SUITE 200 SEATTLE WA 98119 990 2022-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1201 3RD AVE 2200 SEATTLE WA 98101 LISA NORTON-MOTULSKY SECRETARY 2065456988 2023-10-02 1 LISA NORTON-MOTULSKY 999009999 0 KATIE JOENS CPA P02389255 2066288990 2023-10-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK AWUAH 1201 3RD AVE 2200 SEATTLE WA 98101 6384399 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 17 16 8 20 0 0 4055275 6011519 0 0 83057 197280 6687 -9488 4145019 6199311 3719074 2619969 0 0 517967 591560 0 0 467855 352843 408056 4589884 3619585 -444865 2579726 12782442 15361175 3954083 4481346 8828359 10879829 TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 0 0 1234087 1157040 SCHOLARSHIPS: AS ASHESI UNIVERSITY GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 46% OF ASHESI UNIVERSITY'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 1088101 969979 CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES. 569997 492950 PROGRAM GROWTH: TO PROVIDE STUDENTS WITH THE HIGHEST QUALITY EDUCATION, WE ARE RAISING FUNDS TO INVEST IN FACULTY DEVELOPMENT, RESEARCH, THE EDUCATION COLLABORATIVE AND OTHER NEW INITIATIVES AND PARTNERSHIPS. 2892185 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 1 5 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X JOANNA BARGERON 2065456988 1201 3RD AVE 2200 SEATTLE WA 98101 PATRICK AWUAH FOUNDATION PRESIDENT 20.00 20.00 X X 71167 62400 22595 REGGIE BROWN CHAIR 2.00 X X 0 0 0 PEGGY CLARK VICE CHAIR 2.00 X X 0 0 0 SCOTT KUCIREK TREASURER 2.00 X X 0 0 0 LISA NORTON-MOTULSKY SECRETARY 2.00 X X 0 0 0 APRILE AGE TRUSTEE 1.00 X 0 0 0 CHARLES AGYEMAN TRUSTEE 1.00 X 0 0 0 YAW ASARE-ABOAGYE TRUSTEE 1.00 X 0 0 0 KOFI BONNER TRUSTEE 1.00 X 0 0 0 NEIL COLLINS TRUSTEE 1.00 X 0 0 0 EMER DOOLEY TRUSTEE 2.00 X 0 0 0 ISAAC FOKUO TRUSTEE 1.00 X 0 0 0 CONRAD GEHRMANN TRUSTEE 4.00 X 0 0 0 NINA MARINI TRUSTEE 1.00 X 0 0 0 TANYA MASIYIWA TRUSTEE 1.00 X 0 0 0 DANIEL RUNDE TRUSTEE 1.00 X 0 0 0 RUTH WARREN TRUSTEE 1.00 X 0 0 0 TODD WARREN TRUSTEE 1.00 X 0 0 0 JOANNA BARGERON FOUNDATION VICE PRESIDENT 40.00 X 115733 0 15382 186900 62400 37977 1 0 1 0 0 101180 5910339 687206 6011519 178966 178966 203402 185088 18314 18314 18314 RECOVERY OF UNCOLLECTI 900099 -9488 -9488 -9488 6199311 0 0 187792 2619969 2619969 248390 100384 48109 99897 259570 30251 90357 138962 20358 3857 6092 10409 36992 8123 11857 17012 26250 5119 8175 12956 11722 11722 48270 48270 176085 36340 18870 120875 26889 5959 5488 15442 29584 8284 7691 13609 43409 12279 5504 25626 41077 41077 8815 4009 2412 2394 EQUIPMENT EXPENSES 12032 3353 5088 3591 RESEARCH FEES 10173 1459 1632 7082 3619585 2892185 259545 467855 X 91538 122881 3079246 3612221 1136626 2019789 935860 845318 9972 78201 12850 12850 0 0 7497969 8623048 31231 59717 12782442 15361175 64243 68752 80300 765384 684615 191095 179105 2933361 3468574 3954083 4481346 X 2951111 3530781 5877248 7349048 8828359 10879829 12782442 15361175 X 2579726 -526627 -1629 X X 0 1 X 1 0 X 2762472 3013872 5067093 4055275 6011519 20910231 2762472 3013872 5067093 4055275 6011519 20910231 5375797 15534434 108073 128829 37776 83424 178966 537068 11658 1720 417 6687 -9488 10994 21458293 0.72390 0.77780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2076012 651750 -328948 69134 2329680 1315252 640000 157771 37011 2076012 1040971 165000 131859 22578 1315252 826133 120000 103852 9014 1040971 405563 450000 -20535 8895 826133 0.00000 0.34000 0.66000 0 0 12850 12850 0 0 FUNDS HELD FOR BENEFIT OF ASHESI UNIVERSITY 3468574 3468574 5715027 -526627 17500 24843 -484284 6199311 0 6199311 3663557 17500 26472 43972 3619585 0 3619585 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT ASHESI UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: DISCOUNT ON INTEREST HOUSING LOAN UNIVERSITY 24,843. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 26,472. 0 SUB-SAHARAN AFRICA 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION/PROGRAM SERVICES GRANTS TO SUPPORT NEW CAMPUS CONSTRUCTION, SCHOLARSHIPS, AND PROGRAM SUPPORT 2619969 1 0 0 0 1 0 2619969 0 2619969 SUB-SAHARAN AFRICA NEW CAMPUS CONSTRUCTION 969979 WIRE TRANSFER 0 SUB-SAHARAN AFRICA SCHOLARSHIPS 1157040 WIRE TRANSFER 0 SUB-SAHARAN AFRICA PROGRAM SUPPORT 492950 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART I, LINE 2: FOUNDATION'S BOARD MEETS BIANNUALLY WITH THE BOARD OF ITS SUBRECIPIENT, ASHESI UNIVERSITY; CAPITAL PROJECTS ARE VISUALLY INSPECTED BY STAFF ON ANNUAL VISITS TO GHANA; DOCUMENTATION TO SUPPORT EXPENDITURE OF GRANT FUNDS ARE REVIEWED REGULARLY BY FOUNDATION STAFF, AS REQUIRED BY INDIVIDUAL AWARD AGREEMENTS; STAFF RECEIVES REGULAR UNIVERSITY OPERATIONS UPDATES DURING MEETINGS WITH UNIVERSITY EXECUTIVE LEADERSHIP. PART III ACCOUNTING METHOD: X 0 0 0 0 0 0 0 0 0 PATRICK AWUAH FOUNDATION PRESIDENT 70000 62400 1167 0 0 0 5338 0 17257 0 93762 62400 0 0 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 307692 0 1 1 TODD AND RUTH WARREN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 500000 346154 0 1 1 CONRAD GEHRMANN TRUSTEE CONSTRUCTION OF STUDENT HOUSING X 50000 30769 0 1 1 684615 X 13 687206 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 TODD WARREN, TRUSTEE, AND RUTH WARREN, TRUSTEE, ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY STAFF AND RECONCILED TO THE AUDITED FINANCIALS. THE AUDIT CHAIR REVIEWS THE RECONCILIAITON AND RECOMMENDS THE FINANCE COMMITTEE SUBMIT THE 990 FOR BOARD APPROVAL. BOARD MEMBERS RECEIVE A COPY OF THE 990 WITH THE REQUEST FOR APPROVAL. THE APPROVED 990 IS SIGNED BY THE SECRETARY OF THE BOARD AND FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW TRUSTEES ARE REQUIRED TO REVIEW AND SIGN THE POLICY. THE GOVERNANCE COMMITTEE REVIEWS ALL POLICIES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS REVIEWED PERIODICALLY BY THE BOARD OF TRUSTEES. THE PRESIDENT IS NOT PRESENT WHILE THE COMPENSATION IS BEING DISCUSSED. SALARIES OF US FOUNDATION PRESIDENTS AND GHANA UNIVERSITY CEOS ARE CONSIDERED WHEN EVALUATING COMPENSATION. CHANGES TO THE COMPENSATION PACKAGE ARE APPROVED BY A VOTE OF THE BOARD. THE COMPENSATION FOR OTHER KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE FOUNDATION BOARD CHAIR AND VICE PRESIDENT. ARCHBRIGHT SALARY SURVEY DATA IS USED FOR COMPARABILITY DATA FOR SIMILIAR NON PROFIT POSITIONS. COMPENSATION CHANGES ARE REVIEWED BY THE BOARD CHAIR AND ANNUALLY, THE COMPENSATION IS APPROVED BY THE VOTE OF THE BOARD IN THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL STAFF MEMBERS HAVE ACCESS TO THE POLICY DOCUMENTS. ASHESI UNIVERSITY FOUNDATION PUBLISHES YEARLY ANNUAL REPORTS WHICH INCLUDE SUMMARY INFORMATION FROM THE AUDITED FINANCIAL REPORTS. THE ANNUAL REPORTS AND THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. ASHESI'S 990'S ARE AVAILABLE ON GUIDESTAR'S WEBSITE. FORM 990, PART XI, LINE 9: IN-KIND DISCOUNT HOUSING LOAN -1,629. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE IN THE AUDIT COMMITTEE PROCESS. ASHESI UNIVERSITY 1 UNIVERSITY AVE BEREKUSO ACCRA GH UNIVERSITY GH FOREIGN NON PROFIT 0 ASHESI UNIVERSITY FOUNDATION CANADA 60 MCDOUGALL RD WATERLOO ONTARIO CA SUPPORT ASHESI UNIVERSITY CA FOREIGN NON PROFIT 0 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 ASHESI UNIVERSITY B 2678469 CASH ASHESI UNIVERSITY D 1500000 CASH