2026-05-13T09:56:17-07:00 2025-06-30 990 2024-07-01 610445823 ASBURY THEOLOGICAL SEMINARY ASBU 8598583581 204 N Lexington Ave Wilmore KY 403901199 Bryan P Blankenship Treasurer 8598582280 2026-05-13 1 2024 2025-03-06 01:10:19Z Bryan P Blankenship 204 N Lexington Ave Wilmore KY 40390 316471869 0 X www.asburyseminary.edu X 1931 KY Asbury Theological Seminary is a community called to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and to spread scriptural holiness throughout the world through the love of Jesus Christ, in the power of the Holy Spirit and to the glory of God the Father. 23 23 544 0 1033601 0 14185582 13787006 24872767 24603494 6224090 12264745 0 0 45282439 50655245 10916121 12421029 0 0 19217392 19664533 0 0 1292817 13220171 12239324 43353684 44324886 1928755 6330359 363833537 375021059 4396397 4612129 359437140 370408930 Asbury Theological Seminary is a community called to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and to spread scriptural holiness throughout the world through the love of Jesus Christ, in the power of the Holy Spirit and to the glory of God the Father. 0 0 36807743 11963529 24603494 Asbury Theological Seminary enrolled over 1,800 students from 45 states and 43 countries through programs on its Wilmore, KY campus, its Orlando, FL , Tampa, FL, Memphis, TN, Tulsa, OK extension sites, and its online extended learning program. Degree programs are offered in master of arts, master of divinity, master of theology, doctor of ministry, doctor of missiology, and doctor of philosophy. Students come to the Seminary from 92 different denominations and churches. The top sending groups include the United Methodist, Nondenominational, Baptist, Assemblies of God, Salvation Army, Free Methodist, Nazarene, Anglican Church, African Methodist Episcopal, Christian Church, Wesleyan Church and Christian Missionary Alliance. 0 0 0 36807743 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 228 0 1 544 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X James C Brumfield 8598582282 204 N Lexington Ave Wilmore KY 403901199 Timothy Tennent Facalty 40 0 X 246714 0 0 Jay Mansur Vice President 40 0 X 201866 0 0 Kevin Bish Vice President 40 0 X 177530 0 0 Jay Barnes Vice President 40 0 X 159243 0 0 Bryan P Blankenship Vice President & Treasurer 40 0 X 157566 0 0 Emilio Alvarez Faculty 40 0 X 148171 0 0 Gregg Okesson Faculty 40 0 X 146442 0 0 John Ragsdale Vice President 40 0 X 145446 0 0 David Gyertson President 40 0 X 125360 0 0 Rurel Ausley Trustee 1 0 X 0 0 0 Sherree Funk Trustee 1 0 X 0 0 0 Ricardo Gomez Trustee 1 0 X 0 0 0 Andy Hurst Trustee 1 0 X 0 0 0 Anna Jackson Trustee & Secretary 1 0 X 0 0 0 E Dale Locke Trustee 1 0 X 0 0 0 Joao Carlos Lopes Trustee 1 0 X 0 0 0 Kyle Ray Trustee 1 0 X 0 0 0 Charles Savage II Trustee 1 0 X 0 0 0 Prabhu Singh Trustee 1 0 X 0 0 0 Helen Rhea Stumbo Trustee 1 0 X 0 0 0 Kenneth Werlein Trustee 1 0 X 0 0 0 James Dunn Trustee 1 0 X 0 0 0 Elaine Friedrich Trustee 1 0 X 0 0 0 David Olshine Trustee 1 0 X 0 0 0 Stephanie Raglin Trustee 1 0 X 0 0 0 Jill Brue Trustee 1 0 X 0 0 0 Greg Spillyards Trustee 1 0 X 0 0 0 Rodney Adams Trustee 1 0 X 0 0 0 Robin Lim Trustee 1 0 X 0 0 0 Lyndol Loyd Trustee 1 0 X 0 0 0 Peter Marra Trustee 1 0 X 0 0 0 Amy Wasserbauer Trustee 1 0 X 0 0 0 1508338 0 0 8 1 1 0 0 0 0 0 2749552 0 11037454 193429 13787006 Tuition and Fees 611310 17809420 17809420 0 0 Auxiliary Services 611310 3039298 2066584 972714 0 3754776 3754776 0 0 24603494 3291830 0 60887 3230943 0 0 0 0 0 0 0 0 0 0 274789539 0 265816624 0 8972915 0 8972915 0 0 8972915 0 0 50655245 23630780 1033601 12203858 457500 457500 11963529 11963529 0 0 0 0 615491 30775 523166 61550 0 0 0 0 15339596 12257723 2377717 704156 668157 515143 121203 31811 2024620 1563784 411507 49329 1016669 780980 186050 49639 0 0 0 0 86014 1138 84876 0 76250 25416 25418 25416 0 0 0 0 0 0 0 0 0 0 0 0 0 0 289964 231331 57833 800 6315181 4415038 1827254 72889 218 218 0 0 0 0 0 0 1167597 1027475 81742 58380 673122 507343 100457 65322 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3145317 2683731 311235 150351 463474 324432 115868 23174 22187 22187 0 0 44324886 36807743 6224326 1292817 0 0 23502432 3914606 696672 484722 4125396 4104291 0 0 0 0 260701 204544 162617 42470 506416 588088 148117360 68539059 80440986 79578301 250791754 282715563 0 0 3346563 3388474 0 0 0 0 363833537 375021059 856655 1333296 0 0 163755 170361 0 0 0 0 0 0 0 0 0 0 3375987 3108472 4396397 4612129 X 102023604 102185125 257413536 268223805 359437140 370408930 363833537 375021059 6330359 4641431 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 205710530 2201676 16363015 0 6904191 0 217371030 198365304 3669743 8525798 0 4850315 0 205710530 200734801 1893752 3505735 0 7768984 0 198365304 190772803 1533417 19216331 0 10787750 0 200734801 149854352 4619196 44962922 0 8663667 0 190772803 0.002 0.385 0.613 0 0 0 5496710 5496710 0 97918169 31744007 66174162 0 0 0 0 0 31129092 25599036 5530056 0 13573389 11196016 2377373 79578301 0 Deposits and Agency Funds 896526 Annuities Payable 1357966 Trust Obligations 853980 3108472 43333147 4641431 0 0 0 4641431 38691716 0 11963529 11963529 50655245 32361357 0 0 0 0 0 32361357 0 11963529 11963529 44324886 Schedule D, Part V, Line 4 The endowment income is used for operations and scholarships. Schedule D, Part XI, Line 4b Scholarship allowances Schedule D, Part XII, Line 4b Scholarship allowances 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The policy is stated in our catalog Schedule E, Part I, Line 6 Our students receive Federal Student Loans 1 Accelaration Church 2674 Rubicon Way Palmdale CA 93534 861482644 10000 0 Church Support All Saints Anglican Church Naperville PO Box 22 Wheaton IL 60187 331749998 37500 0 Church Support Alliance Tabernacle Church 3304 Carendon Rd Brooklyn NY 11203 237175568 30000 0 Church Support Awaken City Church PO Box 300340 Jamaica Plain MA 02130 832150312 30000 0 Church Support Catapult 141 Traction St Greenville SC 29611 473485977 37500 0 Church Support Christ Our Life Anglican Church PO Box 99073 Raleigh NC 27624 881975130 30000 0 Church Support Christ the King Anglican 972 N Maura Pl Meridian ID 83642 932384179 20000 0 Church Support Cornerstone Anglican Church 4208 Hayward Rd Durham NC 27705 933434774 20000 0 Church Support Delaware County Alliance 425 S Sandusky St 3 Delaware OH 43015 834267828 20000 0 Church Support Eglise Evangelique Amor du Christ de la CMA 7961 Blacklick View Dr Blacklick OH 43004 991163517 10000 0 Church Support Elevate Church 114 Chambord Dr Maumelle AR 72113 993680006 20000 0 Church Support Every Nation Cincinnati Church 3722 Clifton Ave Cincinnati OH 45220 831016780 10000 0 Church Support Favor Church 4497 Bridgehaven Dr Snellville GA 30039 881465690 10000 0 Church Support Gray Community Church PO Box 1413 Gray GA 31032 881230187 20000 0 Church Support Harvest Church of the Nazarene 194 Old Military Rd Conway AR 72034 731641048 10000 0 Church Support International Students Inc 12325 Oracle Blvd Ste 200 Colorado Springs CO 80921 530214853 10000 0 Church Support Kingdom Life Fellowship 644 Ridge View Dr Nicholasville KY 40356 352591085 10000 0 Church Support Magnolia Avenue UMC 2700 E Magnolia Ave Knoxville TN 37914 30000 0 Church Support Mission Igniter PO Box 257 Spring Arbor MI 49283 821420706 10000 0 Church Support Resilience Church 5974 South Parfet St Littleton CO 80127 843849179 30000 0 Church Support Sanibel Community Church 1740 Periwinkle Way Sanibel FL 33957 596509436 10000 0 Church Support Sound Hope Community Church 177A Main St 123 New Rochelle NY 10801 992535494 20000 0 Church Support Vestal United Methodist Church PO Box 20065 Knoxville TN 37920 923096214 10000 0 Church Support Way of Life Church of God in Christ Inc PO Box 185 Glen Cove NY 11542 113351719 10000 0 Church Support 24 0 Student Aid/Scholarships 1475 11963529 0 Schedule I, 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 X X 0 0 0 0 0 0 0 0 0 David Gyertson President 124998 0 0 0 362 0 8750 0 0 0 134110 0 0 0 Jay Mansur Vice President 201341 0 0 0 525 0 15076 0 14035 0 230977 0 0 0 Bryan P Blankenship Vice President & Treasurer 157166 0 0 0 400 0 12135 0 16186 0 185887 0 0 0 Kevin Bish Vice President 162530 0 15000 0 0 0 11693 0 4510 0 193733 0 0 0 Gregg Okesson Faculty 117934 0 0 0 28508 0 9481 0 10006 0 165929 0 0 0 John Ragsdale Vice President 121446 0 0 0 24000 0 8761 0 3708 0 157915 0 0 0 Jay Barnes Vice President 116354 0 0 0 42889 0 9013 0 12406 0 180662 0 0 0 Timothy Tennent Facalty 217476 0 0 0 29238 0 14185 0 10026 0 270925 0 0 0 Emilio Alvarez Faculty 101846 0 0 0 46325 0 8788 0 7222 0 164181 0 0 0 Schedule J, Part I, Line 1a The board of trustees approves the president's spouse salary and travel to assist in hospitality services. In addition, as a condition of employment and for convenience of the Seminary, the president is required to maintain housing at Rose Hill, the school owned home for the president. This condition is required so that the president and his wife can use the house for hospitality events involving Seminary guests. In addition, Rose Hill is used on occasion to house overnight guests of the Seminary. In exchange for this relationship, the use of Rose Hill as a residence is provided as a non-taxable fringe benefit for as long as this arrangement meets the requirements of the Internal Revenue Service X 11 193429 FMV 0 0 1 1 Schedule M, Part I, Line 32b Investment managers were used to sell all stock contributions Form 990, Part VI, Section B, Line 11b The form is reviewed by the CFO and Controller. In addition, the final draft ( with the exception of Schedule B in order to maintain the desired privacy of donor giving) of the Federal form 990 is distributed to the Board of Trustees in advance of the filing for their review and comments, if any. Form 990, Part VI, Section B, Line 12c Any potential conflict of interest disclosed by officers, directors, trustees and key employees are evaluated by the Board Chair or Chairs of Board committees for final resolution Form 990, Part VI, Section B, Line 15 The Board of Trustees appoint a committee to review data to determine the President's compensation. The executive compensation study includes the President and the Vice Presidents. The Board uses the comp study as part of its process to make salary adjustments to the President's compensation package. The President uses the study to make decisions about VP compensation which is reviewed by the executive committee Form 990, Part VI, Section C, Line 19 Asbury does not proactively publicize these documents, but they are available upon request Asbury Foundation for Theological Education Inc 204 N Lexington Ave Wilmore KY 40390 611164593 Support Asbury Theological Seminary KY 509(a)(3) Supporting Organizat Asbury Theological Seminary Seedbed Inc 415 Bridge St Franklin TN 37064 863295151 Publications TN 501(c)3 Asbury Theological Seminary 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 An extension was filed with the IRS