Nonprofit · EIN 34-0714626
ASHLAND UNIVERSITY
Tax-exempt · ASHLAND, OH 44805
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $136,561,683 | $137,460,710 | -$899,027 | $314,475,731 | $89,923,149 | $224,552,582 |
| May 31, 2024 | 990 | $132,317,462 | $136,174,957 | -$3,857,495 | $307,723,329 | $96,236,168 | $211,487,161 |
| May 31, 2023 | 990 | $130,719,861 | $138,349,137 | -$7,629,276 | $305,829,555 | $97,211,174 | $208,618,381 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $26,285,683
- of which government grants
- $2,892,085
- Program service revenue
- $105,637,216
- Investment income
- $4,861,152
- Royalties
- $2,495
- Net gain from sales of assets
- $438,250
- Net income from fundraising events
- -$112,424
- Net income from sales of inventory
- -$112,439
- Other revenue
- -$222,368
Expenses
- Grants and similar amounts paid
- $33,552,199
- Compensation of officers, directors and key employees
- $1,672,223
- Other salaries and wages
- $48,816,074
- Salaries, compensation and benefits (total)
- $64,198,128
- Professional fundraising fees
- $219,964
- Legal fees
- $254,920
- Accounting fees
- $191,327
- Occupancy
- $4,766,238
- Travel
- $2,898,485
- Depreciation
- $7,467,799
- Program services (functional)
- $127,935,405
- Management and general (functional)
- $6,581,399
- Fundraising (functional)
- $2,943,906
Balance sheet and other
- Total assets, start of year
- $307,723,329
- Total assets, end of year
- $314,475,731
- Total liabilities, end of year
- $89,923,149
- Net assets, end of year
- $224,552,582
- Land, buildings and equipment
- $161,112,900
- Publicly traded securities
- $75,194,166
- Net assets without donor restrictions
- $126,652,647
- Net assets with donor restrictions
- $97,899,935
- Gross unrelated business income
- $674,642
- Gross receipts
- $214,412,629
- Employees
- 2,470
- Volunteers
- 27
- Year formed
- 1878
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR CARLOS CAMPO | FORMER PRESIDENT Former | 40 | $389,275 | $20,544 |
| DR JON PARRISH PEEDE | PRESIDENT Officer | 40 | $215,396 | $28,933 |
| JEFFREY SIKKENGA EXECUTIVE | DIRECTOR, ASHBROOK CENTER Highest-paid employee | 40 | $195,464 | $38,238 |
| PATRICK EWING VP OF | FACILITIES MANAGEMENT & PLANNING Officer | 40 | $142,051 | $87,642 |
| SIVAKUMAR VENKATARAMANAY | PROFESSOR Highest-paid employee | 40 | $193,606 | $26,654 |
| AMIEL JARSTFER | PROVOST (EXIT 3/25) Officer | 40 | $175,465 | $25,817 |
| MARC PASTERIS | VP OF FINANCE & CFO Officer | 40 | $168,951 | $30,664 |
| DANIEL FOX | DEAN Highest-paid employee | 40 | $166,681 | $28,870 |
| CHAD KIFER | DIRECTOR, DEV & STRATEGIC Highest-paid employee | 40 | $170,035 | $22,613 |
| ROBERT POOL | VP OF STUDENT AFFAIRS Officer | 40 | $118,709 | $57,739 |
| JASON MILLER | VP OF ADVANCEMENT Officer | 40 | $138,990 | $36,191 |
| KEITH RAMSDELL VP OF | ENROLLMENT MGMT & MARKETING Officer | 40 | $113,605 | $61,350 |
| TIMOTHY HINKEL | PROFESSOR Highest-paid employee | 40 | $156,005 | $2,987 |
| DR GREGORY MCBRAYER | INTERIM PROVOST (ENTER 3/25) Officer | 40 | $105,697 | $34,070 |
| JAMES H HESS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
26 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE LAMB | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| STEVEN COLE | SECRETARY (EXIT 12/24) Trustee or director, Officer | 1 | $0 |
| KEVIN DOSS | SECRETARY (ENTER 1/25) Trustee or director, Officer | 1 | $0 |
| THOMAS MINNICH | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 |
| RONALD B ALFORD | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT M ARCHER | TRUSTEE Trustee or director | 1 | $0 |
| RICH ARMENTROUT | TRUSTEE Trustee or director | 1 | $0 |
| RICKEY BOLDEN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID M BUSH | TRUSTEE (EXIT 5/25) Trustee or director | 1 | $0 |
| MARK E CAMP | TRUSTEE Trustee or director | 1 | $0 |
| DANIEL COFFEE | TRUSTEE Trustee or director | 1 | $0 |
| JOHN DENMAN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID E GRAETZ | TRUSTEE Trustee or director | 1 | $0 |
| PATRICIA M GRAVATT | TRUSTEE Trustee or director | 1 | $0 |
| TERRY A HOFECKER | TRUSTEE Trustee or director | 1 | $0 |
| DR G EMERY HURD | TRUSTEE Trustee or director | 1 | $0 |
| PAUL E MCKNIGHT | TRUSTEE Trustee or director | 1 | $0 |
| TRACY MCPHERSON | TRUSTEE Trustee or director | 1 | $0 |
| FRED MILLER | TRUSTEE Trustee or director | 1 | $0 |
| DUSTIN J NESS | TRUSTEE Trustee or director | 1 | $0 |
| JAMES R SMAIL | TRUSTEE (EXIT 5/25) Trustee or director | 1 | $0 |
| TIMOTHY L SOLOMON | TRUSTEE Trustee or director | 1 | $0 |
| RICH VERES | TRUSTEE (ENTER 1/25) Trustee or director | 1 | $0 |
| CHRISTINE TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT G WARD II | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT WILLIAMS | TRUSTEE (EXIT 5/25) Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR CARLOS CAMPO | PRESIDENT (EXIT 5/24) Officer | 40 | $427,449 | $32,756 |
| JEFFREY SIKKENGA EXECUTIVE | DIRECTOR, ASHBROOK CENTER Highest-paid employee | 40 | $196,347 | $38,253 |
| PATRICK EWING VP OF | FACILITIES MANAGEMENT & PLANNING Officer | 40 | $141,285 | $87,633 |
| SIVAKUMAR VENKATARAMANAY | PROFESSOR Highest-paid employee | 40 | $170,360 | $33,141 |
| DANIEL FOX | PROFESSOR Highest-paid employee | 40 | $172,855 | $28,617 |
| AMIEL JARSTFER | PROVOST Officer | 40 | $175,457 | $25,492 |
| MARC PASTERIS | VP OF FINANCE & CFO Officer | 40 | $168,714 | $29,279 |
| CHAD KIFER | DIRECTOR, DEV & STRATEGIC PARTNERS Highest-paid employee | 40 | $167,549 | $21,736 |
| ROBERT POOL | VP OF STUDENT AFFAIRS Officer | 40 | $119,824 | $55,003 |
| LANCE KALTENBAUGH | ASSOCIATE DEAN Highest-paid employee | 40 | $170,375 | $3,432 |
| KEITH RAMSDELL VP OF | ENROLLMENT MGMT & MARKETING Officer | 40 | $111,705 | $57,913 |
| JAMES H HESS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOYCE LAMB | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN COLE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS MINNICH | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RONALD B ALFORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT M ARCHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICH ARMENTROUT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICKEY BOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED B BROAD | TRUSTEE (EXIT 5/24) Trustee or director | 1 | $0 | $0 |
| DAVID M BUSH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK E CAMP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL COFFEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DENMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REID FIRESTONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID E GRAETZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA M GRAVATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REBECCAH HEINRICHS | TRUSTEE (EXIT 5/24) Trustee or director | 1 | $0 | $0 |
| TERRY A HOFECKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR G EMERY HURD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEBORAH L KARL | TRUSTEE (EXIT 5/24) Trustee or director | 1 | $0 | $0 |
| PAUL E MCKNIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBYN C MINNEAR | TRUSTEE (EXIT 2/24) Trustee or director | 1 | $0 | $0 |
| DUSTIN J NESS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES R SMAIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY L SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT G WARD II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR CARLOS CAMPO | PRESIDENT Officer | 40 | $423,781 | $41,256 |
| JEFFREY SIKKENGA EXECUTIVE | DIRECTOR, ASHBROOK CENTER Highest-paid employee | 40 | $197,124 | $38,187 |
| PATRICK EWING VP OF | FACILITIES MGMT & PLANNING Officer | 40 | $131,891 | $100,306 |
| SIVAKUMAR VENKATARAMANAY | PROFESSOR Highest-paid employee | 40 | $195,856 | $35,270 |
| MARC PASTERIS | VP OF FINANCE & CFO Officer | 40 | $167,905 | $35,075 |
| AMIEL JARSTFER | PROVOST Officer | 40 | $176,027 | $25,008 |
| ROBERT STOLL | ASSOCIATE PROFESSOR Highest-paid employee | 40 | $167,708 | $30,690 |
| CHAD KIFER | DIRECTOR, DEV & STRATEGIC PARTNERS Highest-paid employee | 40 | $168,215 | $21,630 |
| AMY KLINGER | PROFESSOR Highest-paid employee | 40 | $164,733 | $13,796 |
| ROBERT POOL | VP OF STUDENT AFFAIRS Officer | 40 | $119,771 | $54,961 |
| KEITH RAMSDELL VP OF | ENROLLMENT MGMT & MARKETING Officer | 40 | $112,426 | $57,768 |
| JOHN BYRON | DEAN OF SEMINARY (EXIT 5/23) Officer | 40 | $109,639 | $25,774 |
| JAMES H HESS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOYCE LAMB | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN COLE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS MINNICH | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RONALD B ALFORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT M ARCHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICH ARMENTROUT | TRUSTEE (ENTER 5/23) Trustee or director | 1 | $0 | $0 |
| RICKEY BOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED B BROAD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID M BUSH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK E CAMP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL COFFEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN DENMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REID FIRESTONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID E GRAETZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA M GRAVATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NEIL GUPTA | TRUSTEE (EXIT 5/23) Trustee or director | 1 | $0 | $0 |
| REBECCAH HEINRICHS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRY A HOFECKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR G EMERY HURD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEBORAH L KARL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL E MCKNIGHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRED MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBYN C MINNEAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUSTIN J NESS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES R SMAIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY L SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT G WARD II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID H OVERDORF | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 COLLEGE AVE, ASHLAND, OH 44805-3702
- In care of
- % SHANNON WINE
- Principal officer (990 for 2024)
- MARC P PASTERIS, 401 COLLEGE AVENUE, ASHLAND, OH 44805
- Signed the 990
- MARC PASTERIS, VICE PRESIDENT & CFO
- Phone
- (419) 289-5011
- Website
- WWW.ASHLAND.EDU
- Return prepared by
- SCHNEIDER DOWNS & CO INC
Mission
ASHLAND UNIVERSITY, GUIDED BY OUR CHRISTIAN HERITAGE, IS A COMPREHENSIVE, PRIVATE UNIVERSITY THAT PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE, SHAPING GRADUATES WHO WORK, SERVE AND LEAD WITH INTEGRITY IN THEIR LOCAL, NATIONAL, AND GLOBAL COMMUNITIES.
Program accomplishments
- ASHLAND UNIVERSITY OFFERS MORE THAN 70 DIFFERENT ACADEMIC PROGRAMS AT THE BACHELOR'S, MASTER'S, AND DOCTORATE LEVELS. THE ACADEMIC PROGRAMS ARE DIVERSE AND RICH IN OPPORTUNITIES FOR OUR STUDENTS. THE INTEGRATION OF THE LIBERAL ARTS AND CAREER DEVELOPMENT IS A MAJOR STRENGTH OF ASHLAND UNIVERSITY. THE UNIVERSITY CONSISTS OF THE COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS AND ECONOMICS, COLLEGE OF EDUCATION, COLLEGE OF NURSING AND HEALTH SCIENCES, EASHLAND AND ASHLAND THEOLOGICAL SEMINARY. THE ACADEMIC AFFAIRS DIVISION ALSO OVERSEES LIBRARY SERVICES, GLOBAL EDUCATION, AND ACADEMIC SUPPORT INCLUDING ADVISING AND TUTORING SERVICES.Expenses $112,699,218 · grants $33,229,307 · revenue $86,718,792
- THE UNIVERSITY'S AUXILIARY ENTERPRISE OPERATIONS EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO STUDENTS, FACULTY, AND STAFF. MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES, THE UNIVERSITY'S AUXILIARY ACTIVITIES CONSIST PRIMARILY OF HOUSING SERVICES, DINING SERVICES, CAMPUS STORES, COPY SERVICES, AND LAUNDRY SERVICES.Expenses $15,236,187 · grants $322,892 · revenue $18,918,424
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 34-0714626
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1949
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $314,475,731
- Income (IRS master file)
- $214,412,629
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $136,561,683 | $137,460,710 | $314,475,731 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $132,317,462 | $136,174,957 | $307,723,329 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $130,719,861 | $138,349,137 | $305,829,555 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $179,414,778 | $144,817,759 | $314,084,834 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-0714626).
Questions about ASHLAND UNIVERSITY
- What is the EIN of ASHLAND UNIVERSITY?
- The employer identification number (EIN) of ASHLAND UNIVERSITY is 34-0714626.
- Is ASHLAND UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
- Are donations to ASHLAND UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHLAND UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASHLAND UNIVERSITY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASHLAND UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of ASHLAND UNIVERSITY?
- The 990 for the year ended May 31, 2025 names MARC P PASTERIS.
- Who are the officers and directors of ASHLAND UNIVERSITY?
- The 990 for the year ended May 31, 2025 lists 41 people; 14 received compensation from the organization, the highest $389,275 (DR CARLOS CAMPO, FORMER PRESIDENT).
- How much revenue does ASHLAND UNIVERSITY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $136,561,683, expenses of $137,460,710 and total assets of $314,475,731 at year end.
Other nonprofits in ASHLAND
- TEACHING AMERICAN HISTORY EIN 86-2333350 · last filed 990 for 2025
- NATIONAL ASSOCIATION OF COLLEGE AUXILIARY SERVICES EDUCATION FNDTN EIN 54-2010331 · last filed 990 for 2025
- AMERICAN ASSOCIATION OF BOVINE PRACTITIONERS FOUNDATION INC EIN 33-1165155 · last filed 990 for 2024
- MAPLETON BOOSTERS EIN 34-1380035 · last filed 990 for 2025
- GENESIS CHRISTIAN ACADEMY INC EIN 87-3162465 · last filed 990-EZ for 2025
- ASHLAND FAITH FUND INC EIN 83-2120280 · last filed 990 for 2025
- SILENT WATCH VETERAN SUICIDE AWARENESS EIN 85-1437453 · last filed 990-EZ for 2025
- ASHLAND ALL SPORTS BOOSTERS CLUB EIN 34-1479418 · last filed 990-EZ for 2025