Ashesi University Foundation
- Assets
- $12.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Seattle, WA
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 91-1997089
Organization Overview
Ashesi University Foundation is located in Seattle, WA. The organization was established in 2000. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Ashesi University Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashesi University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ashesi University Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR EDUCATIONAL OPPORTUNITIES IN GHANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS EXPANSION: TO SERVE ASHESI UNIVERSITY'S GROWING STUDENT BODY, WE ARE RAISING FUNDS TO PURCHASE EQUIPMENT AND BUILD MORE CLASSROOMS, LABS, STUDENT HOUSING, AND COLLABORATIVE SPACES.
SCHOLARSHIPS: AS ASHESI UNIVERSITY GROWS, WE ARE RAISING FUNDS TO MAINTAIN THE PERCENTAGE OF STUDENTS ON SCHOLARSHIPS. 44% OF ASHESI UNIVERSITY'S STUDENTS RECEIVED FINANCIAL AID FUNDED THROUGH TUITION AND DONOR CONTRIBUTIONS.
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 NEW INITIATIVES AND PARTNERSHIPS. THIS CATEGORY OF SUPPORT ALSO INCLUDES GRANTS FOR NEW PROGRAMS OR OPERATIONAL EXPENSES THAT ARE DESIGNED TO BE SELF-FUNDING THROUGH STUDENT TUITION BUT REQUIRE BRIDGE FUNDING DURING A DEFINED PERIOD OF GROWTH IN THE STUDENT POPULATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Bargeron Foundation Vice President | Officer | 40 | $99,000 |
Patrick Awuah Foundation President | OfficerTrustee | 20 | $70,000 |
Peggy Clark Vice Chair | OfficerTrustee | 2 | $0 |
Lisa Norton Secretary | OfficerTrustee | 2 | $0 |
Scott Kucirek Treasurer | OfficerTrustee | 2 | $0 |
Reggie Brown Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $625,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,430,072 |
| Noncash contributions included in lines 1a–1f | $397,245 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,055,275 |
| Total Program Service Revenue | $0 |
| Investment income | $83,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,145,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,719,074 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,933 |
| Compensation of current officers, directors, key employees. | $44,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,150 |
| Pension plan accruals and contributions | $15,361 |
| Other employee benefits | $21,807 |
| Payroll taxes | $20,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,644 |
| Fees for services: Accounting | $40,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,190 |
| Advertising and promotion | $0 |
| Office expenses | $19,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,115 |
| Travel | $17,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,398 |
| All other expenses | $0 |
| Total functional expenses | $4,589,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,538 |
| Savings and temporary cash investments | $3,079,246 |
| Pledges and grants receivable | $1,136,626 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $935,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,972 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,497,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,231 |
| Total assets | $12,782,442 |
| Accounts payable and accrued expenses | $64,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $765,384 |
| Secured mortgages and notes payable | $191,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,933,361 |
| Total liabilities | $3,954,083 |
| Net assets without donor restrictions | $2,951,111 |
| Net assets with donor restrictions | $5,877,248 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,782,442 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Ashesi University Foundation has recieved totaling $1,324,322.
| Awarding Organization | Amount |
|---|---|
Children Count Foundation Seattle, WA PURPOSE: EDUCATION | $257,598 |
Kofi A Tawiah Foundation Wilmington, DE PURPOSE: ALL ACADEMIC DISCIPLINES SCHOLARSHIP FUND | $250,000 |
Kofi A Tawiah Foundation Wilmington, DE PURPOSE: SCHOLARSHIP FUND | $250,000 |
The Sophie Stenbeck Family Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $100,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE SUPPORT FOR THE BIOENGINEERING LAB; TO SUPPORT THE FUND FOR SERVICE; TO PROVIDE GENERAL SUPPORT; TO PROVIDE SUPPORT FOR DR ELENA ROSCA'S BIOENGINEERING PROGRAM | $71,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $68,428 |
Endowment Analysis
| Beg. Balance | $1,315,252 |
| Earnings | $157,771 |
| Net Contributions | $640,000 |
| Grants | $37,011 |
| Ending Balance | $2,076,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Alliance International Seattle, WA | $1,404,017 | $8,275,089 |
Ashesi University Foundation Seattle, WA | $12,782,442 | $4,145,019 |
Agros International Seattle, WA | $3,399,558 | $4,102,403 |
Na Ah Illahee Fund Seattle, WA | $3,416,463 | $4,496,691 |
World Concern Development Organization Shoreline, WA | $2,234,815 | $2,856,478 |
Forward Edge International Brush Prairie, WA | $1,950,327 | $2,648,381 |
Bridges To Development Vashon, WA | $3,789,622 | $3,043,264 |
Amigos De Honduras Seattle, WA | $43,954 | $2,329,024 |
Partners In Aviation And Communications Technology Inc Nampa, ID | $1,585,559 | $2,438,733 |
Yemen Relief And Reconstruction Foundation Mercer Island, WA | $2,032,152 | $2,587,110 |
Construction For Change Seattle, WA | $370,557 | $1,568,745 |
New Covenant Missions Inc COEUR dALENE, ID | $318,643 | $1,798,794 |