2024-10-21T11:29:08-05:00 2023-12-31 911194016 CLARK NUBER PS 10900 NE 4TH ST STE 1400 BELLEVUE WA 98004 990 2023-01-01 911997089 ASHESI UNIVERSITY FOUNDATION ASHE 2065456988 1201 3RD AVE 2200 SEATTLE WA 98101 LISA NORTON-MOTULSKY SECRETARY 2065456988 2024-10-08 1 0 FRANCES OLSON P01228048 4254544919 2024-10-08 2023 2024-10-15 13:58:12Z PATRICK AWUAH 1201 3RD AVE 2200 SEATTLE WA 98101 15129933 0 X WWW.ASHESI.ORG X 1999 WA TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. 19 18 11 22 0 0 6011519 13282998 0 0 197280 555906 -9488 0 6199311 13838904 2619969 4057700 0 0 591560 754697 0 0 603954 408056 480090 3619585 5292487 2579726 8546417 15361175 25893420 4481346 5931545 10879829 19961875 X ASHESI UNIVERSITY FOUNDATION PROVIDES SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA. OUR MISSION IS TO ADVANCE THE EDUCATION OF ETHICAL, ENTREPRENEURIAL LEADERS WHO WILL BUILD A FLOURISHING AFRICA WHERE ALL PEOPLE CAN ACHIEVE THEIR FULL POTENTIAL. ASHESI UNIVERSITY FOUNDATION HAS PROVIDED SUPPORT TO ASHESI UNIVERSITY IN GHANA. SINCE INCEPTION, ASHESI UNIVERSITY HAS OFFERED YOUNG AFRICANS A HIGH-QUALITY EDUCATION THAT FOSTERS ETHICS, INNOVATION, AND ENTREPRENEURSHIP AND IS A GROWING HUB FOR GLOBAL COLLABORATIONS, EDUCATION, THOUGHT LEADERSHIP, AND ENTREPRENEURIAL VENTURES. THE UNIVERSITY IS ALSO BECOMING AN INFLUENCER IN AFRICA'S HIGHER EDUCATION LANDSCAPE, BUILDING A PLATFORM OF COLLABORATION THAT IS BRINGING THE CONTINENT'S UNIVERSITIES TOGETHER FOR SHARED IMPACT. 0 0 1773555 1647799 CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S (ASHESI) GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES. 1768578 1679131 SCHOLARSHIPS: AS ASHESI GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 54% OF ASHESI'S STUDENTS RECEIVED FINANCIAL AID, FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS. 820217 730770 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 INITIATIVES AND PRIORITIES. 4362350 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 2 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 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 0.50 X X 106227 0 19548 LISA NORTON-MOTULSKY SECRETARY 2.00 0.00 X X 0 0 0 CONRAD GEHRMANN TREASURER 3.00 0.00 X X 0 0 0 CHARLES AGYEMAN ALUMNI DIRECTOR 2.00 0.00 X X 0 0 0 REGGIE BROWN CHAIR 2.00 0.00 X X 0 0 0 PEGGY CLARK VICE CHAIR 2.00 0.00 X X 0 0 0 APRILE AGE DIRECTOR 1.00 0.00 X 0 0 0 ABE ANKUMAH DIRECTOR 1.00 0.00 X 0 0 0 YAW ASARE-ABOAGYE DIRECTOR 1.00 0.00 X 0 0 0 KOFI BONNER DIRECTOR 1.00 0.00 X 0 0 0 NEIL COLLINS DIRECTOR 1.00 0.00 X 0 0 0 EMER DOOLEY DIRECTOR 2.00 0.50 X 0 0 0 ISAAC FOKUO DIRECTOR 1.00 0.00 X 0 0 0 SCOTT KUCIREK DIRECTOR 1.00 0.00 X 0 0 0 NINA MARINI DIRECTOR 1.00 0.00 X 0 0 0 TANYA MASIYIWA DIRECTOR 1.00 0.00 X 0 0 0 LEWIS ROBERTS DIRECTOR 1.00 0.00 X 0 0 0 DANIEL RUNDE DIRECTOR (THRU 10/23) 1.00 0.00 X 0 0 0 RUTH WARREN DIRECTOR 1.00 0.00 X 0 0 0 TODD WARREN DIRECTOR 1.00 0.00 X 0 0 0 JOANNA BARGERON VICE PRESIDENT 40.00 0.00 X 119490 0 16411 225717 0 35959 2 0 0 0 0 640598 12642400 475402 13282998 580649 580649 1266286 1291029 -24743 -24743 -24743 13838904 0 0 555906 4057700 4057700 261676 105683 52335 103658 397975 51554 107309 239112 20501 3320 4917 12264 20066 2986 7533 9547 54479 13917 13325 27237 3836 336 3500 59200 59200 195504 38779 40386 116339 34349 6909 4912 22528 33170 7907 8132 17131 74733 26825 10090 37818 36308 36308 9796 4037 2543 3216 EQUIPMENT 19337 4490 8739 6108 RESEARCH/FEES 13857 1599 3262 8996 5292487 4362350 326183 603954 122881 144789 3612221 4963481 2019789 3077472 845318 752900 78201 81630 12850 12850 0 0 8623048 16819260 59717 53888 15361175 25893420 68752 59748 80300 256233 3468574 4846894 684615 603846 179105 164824 4481346 5931545 X 3530781 3841329 7349048 16120546 10879829 19961875 15361175 25893420 X 8546417 536843 -1214 X 0 1 X 1 0 X 3013872 5067093 4055275 6011519 13282998 31430757 3013872 5067093 4055275 6011519 13282998 31430757 8675242 22755515 128829 37776 83424 178966 580649 1009644 1720 417 6687 -9488 -664 32439737 0.70150 0.72390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RECOVERY UNCOLLECTIBLE PLEDGES - 2019 AMOUNT: $ 1,720. 2020 AMOUNT: $ 417. 2021 AMOUNT: $ 6,687. 2022 AMOUNT: $ -9,488. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 X 2329680 6816500 738774 -64823 9949777 2076012 651750 -328948 69134 2329680 1315252 640000 157771 37011 2076012 1040971 165000 131859 22578 1315252 826133 450000 103852 9014 1370971 0.06129 0.93871 0.00000 0 0 12850 12850 0 0 14432513 536843 33800 22966 593609 13838904 0 13838904 5350467 33800 24180 57980 5292487 0 5292487 PART IV, LINE 2B: THE FOUNDATION CREATED AN INVESTMENT ACCOUNT, THE UNIVERSITY FUND (THE FUND), AND HAS SET UP A CORRESPONDING LIABILITY, FUNDS HELD FOR THE BENEFIT OF ASHESI UNIVERSITY. THE UNIVERSITY HAS SENT FUNDS TO THE FOUNDATION FOR DEPOSIT INTO THE FUND. THE TRANSFER OF FUNDS IS GOVERNED BY THE UNIVERSITY FUND TRANSFER AGREEMENT AND THE MANAGEMENT OF THE FUND IS GOVERNED BY THE UNIVERSITY FUND INVESTMENT MANAGEMENT AGREEMENT. PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR STUDENTS AT ASHESI UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: DISCOUNT ON INTEREST HOUSING LOAN UNIVERSITY 22,966. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST HOUSING NOTES 24,180. 1 SUB-SAHARAN AFRICA 0 1 GRANTS TO RECIPIENTS LOCATED IN REGION/ PROGRAM SERVICES 4057700 SWITZERLAND 0 0 FUNDRAISING 0 1 0 0 0 1 4057700 0 4057700 SUB-SAHARAN AFRICA CAMPUS EXPANSION 1647799 0 SUB-SAHARAN AFRICA SCHOLARSHIPS 1679131 0 SUB-SAHARAN AFRICA PROGRAM GROWTH 728400 0 1 0 1 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 IV, LINE 1: FORM 926 IS NOT REQUIRED TO BE FILED BECAUSE THE TRANSFER TO A FOREIGN CORPORATION DOES NOT MEET THE REPORTING REQUIREMENTS IN IRC 6038(A)(1)(A). WARREN TODD RUTH TRUSTEES CONSTRUCT STUDENT HOUSING X 500000 269231 0 1 1 WARREN TODD RUTH TRUSTEES CONSTRUCT STUDENT HOUSING X 500000 307692 0 1 1 GEHRMANN CONRAD TRUSTEES CONSTRUCT STUDENT HOUSING X 50000 26923 0 1 1 603846 X 8 471241 FAIR MARKET VALUE X SUPPLIES 1 4161 FAIR MARKET VALUE 0 0 1 0 SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 TODD WARREN AND RUTH WARREN, HAVE A FAMILY RELATIONSHIP. 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 OUR CONFLICT OF INTEREST POLICY IS DESIGNED TO HELP DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE ASHESI UNIVERSITY FOUNDATION IDENTIFY SITUATIONS THAT PRESENT POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE ASHESI UNIVERSITY FOUNDATION WITH A PROCEDURE WHICH, IF OBSERVED, WILL ALLOW A TRANSACTION TO BE TREATED AS VALID AND BINDING EVEN THOUGH A DIRECTOR, OFFICER OR EMPLOYEE HAS OR MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. BOARD MEMBERS ARE ASKED TO COMPLETE AN ANNUAL DISCLOSURE OF INTERESTS COVERING OUTSIDE INTERESTS, OUTSIDE ACTIVITIES, AND GIFTS, GRATUITIES, AND ENTERTAINMENT. ALL NEW TRUSTEES ARE REQUIRED TO REVIEW AND SIGN THE POLICY. THE GC REVIEWS ALL POLICIES ANNUALLY. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. 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 CEO'S 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. ARCH BRIGHT SALARY SURVEY DATA IS USED FOR COMPARABILITY DATA FOR SIMILAR 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 WEBSITE. FORM 990, PART XI, LINE 9: IN-KIND DISCOUNT HOUSING LOAN -1,214. ASHESI UNIVERSITY FOUNDATION CANADA 507 KING STREET UNIT 320 TORONTO ONTARIO CA M5A 1M3 709874879 PROVIDE SUPPORT FOR HIGHER EDUCATION IN AFRICA: FUNDING SCHOLARSHIPS; ENABLI CA CANADIAN NON-PROFIT ASHESI UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0