Nonprofit · EIN 61-0458355
ASBURY COLLEGE
Tax-exempt · WILMORE, KY 40390
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $63,995,895 | $64,406,446 | -$410,551 | $190,397,269 | $15,919,258 | $174,478,011 |
| June 30, 2024 | 990 | $66,549,803 | $62,951,695 | $3,598,108 | $184,366,354 | $13,796,728 | $170,569,626 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,303,482
- of which government grants
- $264,913
- Program service revenue
- $51,160,044
- Investment income
- $4,442,195
- Net rental income
- $114,369
- Net gain from sales of assets
- $2,039,937
- Net income from sales of inventory
- $70,130
- Other revenue
- $2,090,174
Expenses
- Grants and similar amounts paid
- $20,060,188
- Compensation of officers, directors and key employees
- $1,036,739
- Other salaries and wages
- $17,886,325
- Salaries, compensation and benefits (total)
- $24,269,953
- Professional fundraising fees
- $0
- Legal fees
- $32,315
- Accounting fees
- $100,072
- Occupancy
- $3,365,753
- Travel
- $893,074
- Depreciation
- $4,596,921
- Program services (functional)
- $56,611,005
- Management and general (functional)
- $5,779,886
- Fundraising (functional)
- $2,015,555
Balance sheet and other
- Total assets, start of year
- $184,366,354
- Total assets, end of year
- $190,397,269
- Total liabilities, end of year
- $15,919,258
- Net assets, end of year
- $174,478,011
- Land, buildings and equipment
- $88,567,647
- Publicly traded securities
- $57,651,926
- Net assets without donor restrictions
- $86,990,019
- Net assets with donor restrictions
- $87,487,992
- Gross unrelated business income
- $41,928
- Gross receipts
- $82,629,035
- Employees
- 1,244
- Volunteers
- 80
- Year formed
- 1904
- 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 | Other / benefits |
|---|---|---|---|---|
| Dr Kevin J Brown | President Officer | 40 | $276,795 | $48,226 |
| Dr Sherry Powers | Provost Officer | 40 | $141,578 | $16,828 |
| Mark Whitworth | VP for Intercollegiate Athletics Officer | 40 | $124,479 | $23,603 |
| Dr Mark Troyer | VP for Institutional Advancement Officer | 40 | $118,886 | $22,936 |
| Glenn Hamilton | VP for Operations Officer | 40 | $107,863 | $22,771 |
| Jennifer McChord | VP for Enrollment Management Officer | 40 | $108,217 | $22,347 |
| Dale L Jarrard | Associate VP for Advancement Highest-paid employee | 40 | $100,347 | $22,207 |
| Dr Sarah Baldwin | VP for Student Development Officer | 40 | $96,143 | $21,944 |
| Andrew J Coleman | Vice Chair Trustee or director | 2 | $0 | $0 |
| Ashleigh Lindsay-Behnke | Trustee Trustee or director | 2 | $0 | $0 |
| CE Crouse Jr | Trustee Trustee or director | 2 | $0 | $0 |
| Cindy-Lou Drummond | Trustee Trustee or director | 2 | $0 | $0 |
| Delvin J Pikes | Trustee Trustee or director | 2 | $0 | $0 |
| Dr OJ Oleka | Trustee Trustee or director | 2 | $0 | $0 |
| Dr Stephen K Toadvine | Trustee Trustee or director | 2 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elaine A Bernius | Secretary Trustee or director | 2 | $0 |
| Jamie C Higdon | Trustee Trustee or director | 2 | $0 |
| Janine C Jones | Trustee Trustee or director | 2 | $0 |
| Jeffrey E Stryker | Trustee Trustee or director | 2 | $0 |
| John G Rinehimer | Trustee Trustee or director | 2 | $0 |
| Jorge Acevedo | Trustee Trustee or director | 2 | $0 |
| Joseph R Pitts | Trustee Trustee or director | 2 | $0 |
| Larry D Brown | Board Chair Trustee or director | 4 | $0 |
| LIsa F Ausley | Trustee Trustee or director | 2 | $0 |
| Neal R Schultz | Trustee Trustee or director | 2 | $0 |
| Richard O Speakman | Trustee Trustee or director | 2 | $0 |
| Rob L Aukerman | Trustee Trustee or director | 2 | $0 |
| Ron Ball | Trustee Trustee or director | 2 | $0 |
| Sarah L Luce | Trustee Trustee or director | 2 | $0 |
| Timothy A Shell | Trustee Trustee or director | 2 | $0 |
| Waldon Garriss | Trustee Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR KEVIN BROWN | PRESIDENT Officer | 40 | $194,391 | $41,807 |
| SHERRY POWERS | PROVOST Officer | 40 | $138,546 | $16,695 |
| MARK WHITWORTH | VP FOR INTERCOLLEGIATE ATHLETICS Officer | 40 | $118,316 | $23,463 |
| DR MARK J TROYER | VP FOR INSTITUTIONAL ADVANCEMENT Officer | 40 | $115,071 | $22,510 |
| JENNIFER MCCHORD | VP FOR ENROLLMENT MANAGEMENT Officer | 40 | $104,698 | $22,197 |
| GLENN R HAMILTON | VP FOR OPERATIONS Officer | 40 | $104,129 | $22,372 |
| DALE L JARRARD | ASSOCIATE VP FOR ADVANCEMENT Highest-paid employee | 40 | $100,775 | $22,169 |
| DR SARAH B BALDWIN | VP FOR STUDENT DEVELOPMENT Officer | 40 | $85,965 | $21,784 |
| LARRY D BROWN | BOARD CHAIR Trustee or director | 4 | $0 | $0 |
| TIMOTHY A SHELL | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| SARAH L LUCE | SECRETARY Trustee or director | 2 | $0 | $0 |
| AARON P AMMERMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JORGE ACEVEDO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROB L AUKERMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LISA L AUSLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RON BALL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELAINE A BERNIUS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANDREW J COLEMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CE CROUSE JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CINDY-LOU DRUMMOND | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WALDON GARRISS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMIE C HIGDON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JANINE C JONES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARGARET G KIM | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ASHLEIGH LINDSAY-BEHNKE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DELVIN J PIKES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HON JOSEPH R PITTS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NEAL R SCHULTZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RICHARD O SPEAKMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFFREY E STRYKER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| COMMISSIONER E SUE SWANSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEPHEN K TOADVINE | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 MACKLEM DR, WILMORE, KY 40390-1152
- In care of
- % UNIVERSITY PERSONNEL
- Principal officer (990 for 2024)
- KEVIN BROWN, 1 MACKLEM DRIVE, WILMORE, KY 40390
- Signed the 990
- GLENN R HAMILTON, VP FOR OPERATIONS
- Phone
- (859) 858-3511
- Website
- WWW.ASBURY.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
ASBURY UNIVERSITY EQUIPS STUDENTS, THROUGH ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY, FOR LIFELONG LEARNING, LEADERSHIP, AND SERVICE TO THE PROFESSIONS, SOCIETY, THE FAMILY AND THE CHURCH, PREPARING THEM TO ENGAGE THEIR CULTURES AND ADVANCE THE CAUSE OF CHRIST WORLDWIDE.
Program accomplishments
- ASBURY UNIVERSITY IS A CHRISTIAN LIBERAL ARTS UNIVERSITY. THE COLLEGE WAS FOUNDED IN 1890 AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS, THE NATIONAL ASSOCATION OF SCHOOLS OF MUSIC, AND THE TEACHER EDUCATION PROGRAM BY THE KENTUCKY DEPARTMENT OF EDUCATION. THE COLLEGE OPERATES A MAIN CAMPUS IN WILMORE, KY AND A VIRTUAL CAMPUS FOR ON-LINE LEARNING, PROVIDING EDUCATION FOR APPROXIMATELY 1,927 STUDENTS.Expenses $56,611,005 · grants $20,060,188 · revenue $53,095,660
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
- 61-0458355
- 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
- 1934
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $190,397,269
- Income (IRS master file)
- $82,629,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $63,995,895 | $64,406,446 | $190,397,269 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $66,549,803 | $62,951,695 | $184,366,354 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $61,685,781 | $58,632,031 | $176,637,593 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $69,387,747 | $56,347,315 | $169,761,805 | 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 61-0458355).
Questions about ASBURY COLLEGE
- What is the EIN of ASBURY COLLEGE?
- The employer identification number (EIN) of ASBURY COLLEGE is 61-0458355.
- Is ASBURY COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1934.
- Are donations to ASBURY COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASBURY COLLEGE 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 COLLEGE 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 COLLEGE 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 COLLEGE?
- The 990 for the year ended June 30, 2025 names KEVIN BROWN.
- Who are the officers and directors of ASBURY COLLEGE?
- The 990 for the year ended June 30, 2025 lists 31 people; 8 received compensation from the organization, the highest $276,795 (Dr Kevin J Brown, President).
- How much revenue does ASBURY COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $63,995,895, expenses of $64,406,446 and total assets of $190,397,269 at year end.
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- ASBURY THEOLOGICAL SEMINARY EIN 61-0445823 · 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