Nonprofit · EIN 61-0445823
ASBURY THEOLOGICAL SEMINARY
Tax-exempt · WILMORE, KY 40390
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $50,655,245 | $44,324,886 | $6,330,359 | $375,021,059 | $4,612,129 | $370,408,930 |
| June 30, 2024 | 990 | $45,282,439 | $43,353,684 | $1,928,755 | $363,833,537 | $4,396,397 | $359,437,140 |
| June 30, 2023 | 990 (amended) | $34,624,370 | $38,815,722 | -$4,191,352 | $359,303,307 | $4,368,993 | $354,934,314 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $13,787,006
- Program service revenue
- $24,603,494
- Investment income
- $12,264,745
- Net gain from sales of assets
- $8,972,915
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,421,029
- Compensation of officers, directors and key employees
- $615,491
- Other salaries and wages
- $15,339,596
- Salaries, compensation and benefits (total)
- $19,664,533
- Professional fundraising fees
- $0
- Legal fees
- $86,014
- Accounting fees
- $76,250
- Occupancy
- $1,167,597
- Travel
- $673,122
- Depreciation
- $3,145,317
- Program services (functional)
- $36,807,743
- Management and general (functional)
- $6,224,326
- Fundraising (functional)
- $1,292,817
Balance sheet and other
- Total assets, start of year
- $363,833,537
- Total assets, end of year
- $375,021,059
- Total liabilities, end of year
- $4,612,129
- Net assets, end of year
- $370,408,930
- Land, buildings and equipment
- $79,578,301
- Publicly traded securities
- $282,715,563
- Net assets without donor restrictions
- $102,185,125
- Net assets with donor restrictions
- $268,223,805
- Gross unrelated business income
- $1,033,601
- Gross receipts
- $316,471,869
- Employees
- 544
- Volunteers
- 0
- Year formed
- 1931
- State of legal domicile
- KY
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Tennent | Facalty Former | 40 | $246,714 |
| Jay Mansur | Vice President Officer | 40 | $201,866 |
| Kevin Bish | Vice President Highest-paid employee | 40 | $177,530 |
| Jay Barnes | Vice President Highest-paid employee | 40 | $159,243 |
| Bryan P Blankenship | Vice President & Treasurer Officer | 40 | $157,566 |
| Emilio Alvarez | Faculty Highest-paid employee | 40 | $148,171 |
| Gregg Okesson | Faculty Highest-paid employee | 40 | $146,442 |
| John Ragsdale | Vice President Highest-paid employee | 40 | $145,446 |
| David Gyertson | President Officer | 40 | $125,360 |
| Rurel Ausley | Trustee Institutional trustee | 1 | $0 |
| Sherree Funk | Trustee Institutional trustee | 1 | $0 |
| Ricardo Gomez | Trustee Institutional trustee | 1 | $0 |
| Andy Hurst | Trustee Institutional trustee | 1 | $0 |
| Anna Jackson | Trustee & Secretary Institutional trustee | 1 | $0 |
| E Dale Locke | Trustee Institutional trustee | 1 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joao Carlos Lopes | Trustee Institutional trustee | 1 | $0 |
| Kyle Ray | Trustee Institutional trustee | 1 | $0 |
| Charles Savage II | Trustee Institutional trustee | 1 | $0 |
| Prabhu Singh | Trustee Institutional trustee | 1 | $0 |
| Helen Rhea Stumbo | Trustee Institutional trustee | 1 | $0 |
| Kenneth Werlein | Trustee Institutional trustee | 1 | $0 |
| James Dunn | Trustee Institutional trustee | 1 | $0 |
| Elaine Friedrich | Trustee Institutional trustee | 1 | $0 |
| David Olshine | Trustee Institutional trustee | 1 | $0 |
| Stephanie Raglin | Trustee Institutional trustee | 1 | $0 |
| Jill Brue | Trustee Institutional trustee | 1 | $0 |
| Greg Spillyards | Trustee Institutional trustee | 1 | $0 |
| Rodney Adams | Trustee Institutional trustee | 1 | $0 |
| Robin Lim | Trustee Institutional trustee | 1 | $0 |
| Lyndol Loyd | Trustee Institutional trustee | 1 | $0 |
| Peter Marra | Trustee Institutional trustee | 1 | $0 |
| Amy Wasserbauer | Trustee Institutional trustee | 1 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy C Tennent | President Officer | 40 | $394,193 |
| Jay Mansur | Vice President Highest-paid employee | 40 | $209,840 |
| Gregg Okesson | Vice President Officer | 40 | $182,924 |
| Bryan P Blankenship | Vice President & Treasurer Officer | 40 | $165,265 |
| Kevin Bish | Vice President Highest-paid employee | 40 | $161,215 |
| Tammy Hogan | Vice President Highest-paid employee | 40 | $149,248 |
| Jay Barnes | Vice President Highest-paid employee | 40 | $140,673 |
| Thomas McCall | Faculty Highest-paid employee | 40 | $131,173 |
| Rurel Ausley | Trustee Institutional trustee | 1 | $0 |
| Debra McKenna Blews | Trustee Institutional trustee | 1 | $0 |
| Michael W Burkhart | Trustee Institutional trustee | 1 | $0 |
| Dale S Ditto | Trustee Institutional trustee | 1 | $0 |
| Sherree Funk | Trustee Institutional trustee | 1 | $0 |
| Ricardo Gomez | Trustee Institutional trustee | 1 | $0 |
| Andy Hurst | Trustee Institutional trustee | 1 | $0 |
| Anna Jackson | Trustee & Secretary Institutional trustee, Officer | 1 | $0 |
| Scott Lees | Trustee Institutional trustee | 1 | $0 |
| E Dale Locke | Trustee Institutional trustee | 1 | $0 |
| Joao Carlos Lopes | Trustee Institutional trustee | 1 | $0 |
| Steven G W Moore | Trustee Institutional trustee | 1 | $0 |
| Kyle Ray | Trustee Institutional trustee | 1 | $0 |
| Charles Savage II | Trustee Institutional trustee | 1 | $0 |
| Prabhu Singh | Trustee Institutional trustee | 1 | $0 |
| Helen Rhea Stumbo | Trustee Institutional trustee | 1 | $0 |
| Karen Thomas | Trustee - Chair Institutional trustee | 1 | $0 |
| Amy Wasserbauer | Trustee Institutional trustee | 1 | $0 |
| Kenneth Werlein | Trustee Institutional trustee | 1 | $0 |
| Linda Adams | Trustee Institutional trustee | 1 | $0 |
| James Dunn | Trustee Institutional trustee | 1 | $0 |
| Steve Elliott | Trustee Institutional trustee | 1 | $0 |
| Elaine Friedrich | Trustee Institutional trustee | 1 | $0 |
| David Olshine | Trustee Institutional trustee | 1 | $0 |
| Stephanie Raglin | Trustee Institutional trustee | 1 | $0 |
| Jill Brue | Trustee Institutional trustee | 1 | $0 |
| Greg Spillyards | Trustee Institutional trustee | 1 | $0 |
990 for the year ended June 30, 2023: 46 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy C Tennent | President Officer | 40 | $314,133 |
| Jay Mansur | Vice President Highest-paid employee | 40 | $194,323 |
| Bryan P Blankenship | Vice President & Treasurer Officer | 40 | $153,368 |
| Kevin Bish | Vice President Highest-paid employee | 40 | $152,447 |
| Gregg Okesson | Vice President Officer | 40 | $148,237 |
| Thomas McCall | Faculty Highest-paid employee | 40 | $122,750 |
| Stephen Stratton | Faculty Highest-paid employee | 40 | $105,466 |
| Rurel Ausley | Trustee Institutional trustee | 1 | $0 |
| Paul Baddour | Trustee Institutional trustee | 1 | $0 |
| Randall Birdwell | Trustee Institutional trustee | 1 | $0 |
| Debra McKenna Blews | Trustee Institutional trustee | 1 | $0 |
| Michael W Burkhart | Trustee Institutional trustee | 1 | $0 |
| Dale S Ditto | Trustee Institutional trustee | 1 | $0 |
| Nancy L Boortz | Trustee Institutional trustee | 1 | $0 |
| Sherree Funk | Trustee Institutional trustee | 1 | $0 |
| Ricardo Gomez | Trustee Institutional trustee | 1 | $0 |
| David R Goodnight | Trustee Institutional trustee | 1 | $0 |
| Joseph Harris | Trustee Institutional trustee | 1 | $0 |
| J Anthony Holifield | Trustee Institutional trustee | 1 | $0 |
| Andy Hurst | Trustee Institutional trustee | 1 | $0 |
| Anna Jackson | Trustee & Secretary Institutional trustee, Officer | 1 | $0 |
| Joe Kilpatrick | Trustee Institutional trustee | 1 | $0 |
| Joan Krupa | Trustee Institutional trustee | 1 | $0 |
| Scott Lees | Trustee Institutional trustee | 1 | $0 |
| E Dale Locke | Trustee Institutional trustee | 1 | $0 |
| Joao Carlos Lopes | Trustee Institutional trustee | 1 | $0 |
| John McNairy | Trustee Institutional trustee | 1 | $0 |
| Steven G W Moore | Trustee Institutional trustee | 1 | $0 |
| Kyle Ray | Trustee Institutional trustee | 1 | $0 |
| Jerald W Russell | Trustee Institutional trustee | 1 | $0 |
| Charles Savage II | Trustee Institutional trustee | 1 | $0 |
| Prabhu Singh | Trustee Institutional trustee | 1 | $0 |
| James Smith | Trustee Institutional trustee | 1 | $0 |
| Helen Rhea Stumbo | Trustee Institutional trustee | 1 | $0 |
| Karen Thomas | Trustee - Chair Institutional trustee | 1 | $0 |
| Amy Wasserbauer | Trustee Institutional trustee | 1 | $0 |
| Kenneth Werlein | Trustee Institutional trustee | 1 | $0 |
| Linda Adams | Trustee Institutional trustee | 1 | $0 |
| James Dunn | Trustee Institutional trustee | 1 | $0 |
| Steve Elliott | Trustee Institutional trustee | 1 | $0 |
| Elaine Friedrich | Trustee Institutional trustee | 1 | $0 |
| David Olshine | Trustee Institutional trustee | 1 | $0 |
| Stephanie Raglin | Trustee Institutional trustee | 1 | $0 |
| Jill Brue | Trustee Institutional trustee | 1 | $0 |
| P Lowell Haines | Trustee Institutional trustee | 1 | $0 |
| Greg Spillyards | Trustee Institutional trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 204 N LEXINGTON AVE, WILMORE, KY 40390-1129
- In care of
- % JAMES C BRUMFIELD
- Principal officer (990 for 2024)
- Bryan P Blankenship, 204 N Lexington Ave, Wilmore, KY 40390
- Signed the 990
- Bryan P Blankenship, Treasurer
- Phone
- (859) 858-3581
- Website
- www.asburyseminary.edu
Mission
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.
Program accomplishments
- 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.Expenses $36,807,743 · grants $11,963,529 · revenue $24,603,494
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0445823
- 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
- 1943
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $375,021,059
- Income (IRS master file)
- $316,471,869
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $50,655,245 | $44,324,886 | $375,021,059 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $45,282,439 | $43,353,684 | $363,833,537 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $34,624,370 | $38,815,722 | $359,303,307 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $77,871,146 | $39,441,449 | $363,518,683 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 61-0445823).
Questions about ASBURY THEOLOGICAL SEMINARY
- What is the EIN of ASBURY THEOLOGICAL SEMINARY?
- The employer identification number (EIN) of ASBURY THEOLOGICAL SEMINARY is 61-0445823.
- Is ASBURY THEOLOGICAL SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to ASBURY THEOLOGICAL SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASBURY THEOLOGICAL SEMINARY 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 ASBURY THEOLOGICAL SEMINARY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASBURY THEOLOGICAL SEMINARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASBURY THEOLOGICAL SEMINARY?
- The 990 for the year ended June 30, 2025 names Bryan P Blankenship.
- Who are the officers and directors of ASBURY THEOLOGICAL SEMINARY?
- The 990 for the year ended June 30, 2025 lists 32 people; 9 received compensation from the organization, the highest $246,714 (Timothy Tennent, Facalty).
- How much revenue does ASBURY THEOLOGICAL SEMINARY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $50,655,245, expenses of $44,324,886 and total assets of $375,021,059 at year end.
Other nonprofits in WILMORE
- ASBURY COLLEGE EIN 61-0458355 · last filed 990 for 2025
- BY GRACE FOUNDATION INC EIN 46-5194085 · last filed 990-EZ for 2025
- UNITED TRAPPERS OF KENTUCKY EIN 27-0095004 · last filed 990-N for 2025
- UNITED METHODIST RETIREMENT COMMUNITY INC EIN 61-1164550 · last filed 990 for 2024
- CORNERSTONE INTERNATIONAL INC EIN 23-7182033 · last filed 990 for 2025
- EVANGELISM RESOURCES INC EIN 61-0906215 · last filed 990 for 2025
- FISHHOOK INTERNATIONAL INC EIN 61-0620425 · last filed 990 for 2025
- BLUE GRASS SPORTMENS LEAGUE INC EIN 61-0420104 · last filed 990 for 2025