NonprofitsAsbury Theological Seminary

Education

Asbury Theological Seminary

WILMORE, KY

Total revenue

$45.3M

Total expenses

$43.4M

Net assets

$359.4M

Grants received

$35.1M

231 grants

EIN

610445823

Tax year

2023

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.

Financials

FY 2023

Revenue

Contributions & grants$14.2M
Program service revenue$24.9M
Investment income$6.2M
Other revenue
Total revenue$45.3M

Expenses

Grants paid$10.9M
Salaries & benefits$19.2M
Fundraising$1.4M
Other expenses$13.2M
Total expenses$43.4M
Total assets$363.8M
Net assets$359.4M

People

35 listed

NameRoleCompensation

Timothy C Tennent

President

Board

$394K

40 hrs/wk

Gregg Okesson

Vice President

Board

$183K

40 hrs/wk

Bryan P Blankenship

Vice President & Treasurer

Board

$165K

40 hrs/wk

Rurel Ausley

Trustee

Board

1 hrs/wk

Debra McKenna Blews

Trustee

Board

1 hrs/wk

Michael W Burkhart

Trustee

Board

1 hrs/wk

Dale S Ditto

Trustee

Board

1 hrs/wk

Sherree Funk

Trustee

Board

1 hrs/wk

Ricardo Gomez

Trustee

Board

1 hrs/wk

Andy Hurst

Trustee

Board

1 hrs/wk

Anna Jackson

Trustee & Secretary

Board

1 hrs/wk

Scott Lees

Trustee

Board

1 hrs/wk

E Dale Locke

Trustee

Board

1 hrs/wk

Joao Carlos Lopes

Trustee

Board

1 hrs/wk

Steven G W Moore

Trustee

Board

1 hrs/wk

Kyle Ray

Trustee

Board

1 hrs/wk

Charles Savage II

Trustee

Board

1 hrs/wk

Prabhu Singh

Trustee

Board

1 hrs/wk

Helen Rhea Stumbo

Trustee

Board

1 hrs/wk

Karen Thomas

Trustee - Chair

Board

1 hrs/wk

Amy Wasserbauer

Trustee

Board

1 hrs/wk

Kenneth Werlein

Trustee

Board

1 hrs/wk

Linda Adams

Trustee

Board

1 hrs/wk

James Dunn

Trustee

Board

1 hrs/wk

Steve Elliott

Trustee

Board

1 hrs/wk

Elaine Friedrich

Trustee

Board

1 hrs/wk

David Olshine

Trustee

Board

1 hrs/wk

Stephanie Raglin

Trustee

Board

1 hrs/wk

Jill Brue

Trustee

Board

1 hrs/wk

Greg Spillyards

Trustee

Board

1 hrs/wk

Jay Mansur

Vice President

Staff

$210K

40 hrs/wk

Kevin Bish

Vice President

Staff

$161K

40 hrs/wk

Tammy Hogan

Vice President

Staff

$149K

40 hrs/wk

Jay Barnes

Vice President

Staff

$141K

40 hrs/wk

Thomas McCall

Faculty

Staff

$131K

40 hrs/wk

Grants received

Showing 200 of 231

FromAmountPurposeYear
$2M
SCHOLARSHIPS
2024
$200K
EDUCATION
2024
$153K
TO ASSIST WITH COLLEGE EXPENSES
2024
$129K
FINANCIAL SUPPORT
2024
$100K
COMMUNITY & HUMAN SERVICES
2024
$53K
SEMINARY SCHOLARSHIPS
2024
$50K
GENERAL SUPPORT
2024
$40K
COLLEGES AND UNIVERSITIES
2024
$35K
GENERAL FUND
2024
$33K
MCCRELESS CHAIR OF EVANGELISM
2024
$23K
GENERAL OPERATIONAL SUPPORT
2024
$23K
Charitable Grant
2024
$21K
GENERAL OPERATING
2024
$20K
UNRESTRICTED GENERAL SUPPORT
2024
$13K
FULFILL CHARITABLE INTENT OF ENDOWMENT
2024
$11K
GENERAL OPERATING
2024
$10K
GENERAL OPERATING
2024
$4K
SCHOLARSHIPS
2024
$2K
SCHOLARSHIPSUPPORT
2024
$1K
Student fees for theology student
2024
$4.1M
Support the organization's scholarship
2023
$2M
DR. BOBBIE BAILEY AND DR. AUDREY MORGAN ENDOWED SCHOLARSHIPS
2023
$1.2M
CHRISTIAN PARENTING &CAREGIVING INIT
2023
$1M
FINANCIAL SUPPORT
2023
$976K
GENERAL DONATION
2023
$200K
EDUCATION
2023
$137K
TO ASSIST WITH COLLEGE EXPENSES
2023
$106K
For grant recipient's exempt purposes
2023
$100K
EDUCATION IMPROVEMENT
2023
$100K
GENERAL FUND
2023
$66K
SEMINARY SCHOLARSHIPS
2023
$48K
GENERAL OPERATING
2023
$33K
Charitable Grant
2023
$33K
MCCRELESS CHAIR OF EVANGELISM
2023
$33K
PROGRAM SUPPORT
2023
$25K
FOR EDUCATION SCHOLARSHIPS
2023
$22K
GENERAL OPERATIONAL SUPPORT
2023
$21K
GENERAL OPERATING
2023
$15K
TO PROVIDE SCHOLARSHIPS FOR MASTER OF DIVINITY AND MASTER OF ARTS STUDENTS ON THE ASBURY SEMINARY'S FLORIDA DUNNAM CAMPUS IN ORLANDO
2023
$11K
GENERAL OPERATING
2023
$11K
GENERAL SUPPORT
2023
$9K
Faculty Development
2023
$9K
WORSHIP RENEWAL PROJECT
2023
$8K
SCHOLARSHIP
2023
$5K
SPIRITUAL RENEWAL, MEMBER REVITALIZATION, CHURCH PLANTING AND EVANGELISM
2023
$5K
PROGRAM SUPPORT
2023
$5K
SCHOLARSHIPS
2023
$4K
ETHNIC AND RELIGIOUS
2023
$2K
FAITH WORK & ECONOMICS (FWE) INTEGRATION
2023
$1K
OTHER CIVIC / COMMUNITY
2023
$406
SCHOLARSHIPSUPPORT
2023
$396
Student fees for theology student
2023
$251K
TO ASSIST WITH COLLEGE EXPENSES
2022
$225K
GENERAL FUNDS
2022
$200K
EDUCATION
2022
$100K
GENERAL SUPPORT
2022
$93K
For grant recipient's exempt purposes
2022
$78K
SEMINARY SCHOLARSHIPS
2022
$54K
GENERAL OPERATING
2022
$50K
COMMUNITY & HUMAN SERVICES
2022
$37K
Charitable Grant
2022
$33K
MCCRELESS CHAIR OF EVANGELISM
2022
$28K
PROGRAM SUPPORT
2022
$25K
FOR EDUCATION SCHOLARSHIPS
2022
$23K
GENERAL OPERATING
2022
$20K
GENERAL OPERATIONAL SUPPORT
2022
$18K
Faculty Development
2022
$15K
TO PROVIDE SCHOLARSHIPS FOR MASTER OF DIVINITY AND MASTER OF ARTS STUDENTS ON THE ASBURY SEMINARY'S FLORIDA DUNNAM CAMPUS IN ORLANDO
2022
$12K
GENERAL SUPPORT
2022
$12K
GENERAL OPERATING
2022
$10K
GENERAL FUND
2022
$10K
FULFILL CHARITABLE INTENT OF ENDOWMENT
2022
$9K
General program support
2022
$9K
WORSHIP RENEWAL PROJECT
2022
$8K
SCHOLARSHIP
2022
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$7K
GENERAL SUPPORT
2022
$5K
SCHOLARSHIPS
2022
$5K
PROGRAM SUPPORT
2022
$4K
RELIGIOUS SCHOLARSHIPS
2022
$3K
GENERAL OPERATING
2022
$2K
GRANT TO SCHOOL TO BE USED FOR STUDENTS SCHOLARSHIPS
2022
$2K
GRANT TO SCHOOL TO BE USED FOR STUDENTS SCHOLARSHIPS
2022
$1K
EDUCATIONAL, RELIGIOUS, CHRISTIAN SEMINARY
2022
$554
SCHOLARSHIPSUPPORT
2022
$500
MIP PAYOUT FOR 02/07/2022
2022
$999K
PATHWAYS FOR TOMORROW INITIATIVE
2021
$755K
GENERAL DONATION
2021
$300K
GENERAL FUNDS
2021
$200K
EDUCATION
2021
$160K
TO ASSIST WITH COLLEGE EXPENSES
2021
$118K
For grant recipient's exempt purposes
2021
$118K
For grant recipient's exempt purposes
2021
$100K
General support and unrestricted use.
2021
$50K
PATHWAYS FOR TOMORROW INITIATIVE
2021
$48K
GENERAL OPERATING
2021
$41K
To ensure each student in the Cohort sponsored in partnership with Asbury Theological Seminary, the Reverend Charlie E and Cinderella S Taylor Sr Foundation, and each student are able to graduate without student-loan debt.
2021
$38K
Charitable Grant
2021
$30K
GENERAL SUPPORT
2021
$25K
FOR EDUCATION SCHOLARSHIPS
2021
$23K
GENERAL OPERATING
2021
$15K
GENERAL OPERATING
2021
$11K
GENERAL OPERATING
2021
$11K
GENERAL SUPPORT
2021
$10K
For recipient's exempt purpose
2021
$10K
GENERAL OPERATING
2021
$10K
TO PROVIDE SCHOLARSHIPS FOR MASTER OF DIVINITY AND MASTER OF ARTS STUDENTS ON THE ASBURY SEMINARY'S FLORIDA DUNNAM CAMPUS IN ORLANDO
2021
$10K
PROVIDES EDUCATION IN ORDER TO PROMOTE GRADUATES INTO VARIOUS MINISTRIES - PASTORS, MISSIONARIES, CHAPLAINS, COUNSELORS, EDUCATORS, CHURCH PLANTERS AND LEADERS OF DENOMINATIONS AND NON-PROFIT AGENCIES.
2021
$1K
SCHOLARSHIPS
2021
$1K
EDUCATIONAL, RELIGIOUS, CHRISTIAN SEMINARY
2021
$750K
FINANCIAL SUPPORT
2020
$470K
BUILDING, LAND AND DAYCARE INVENTORY TO BE USED IN PROVIDING SERVICES TO SEMINARY
2020
$240K
GENERAL FUNDS
2020
$200K
EDUCATION
2020
$148K
TO ASSIST WITH COLLEGE EXPENSES
2020
$100K
General support and unrestricted use.
2020
$81K
SEMINARY SCHOLARSHIPS
2020
$72K
For grant recipient's exempt purposes
2020
$46K
GENERAL OPERATING
2020
$36K
Charitable Grant
2020
$33K
MCCRELESS CHAIR OF EVANGELISM
2020
$25K
PROGRAM SUPPORT
2020
$25K
FOR EDUCATION SCHOLARSHIPS
2020
$20K
GENERAL OPERATING
2020
$20K
TO PROVIDE SCHOLARSHIPS FOR MASTER OF DIVINITY AND MASTER OF ARTS STUDENTS ON THE ASBURY SEMINARY'S FLORIDA DUNNAM CAMPUS IN ORLANDO
2020
$20K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$13K
GENERAL ASSISTANCE
2020
$12K
PROGRAM SUPPORT
2020
$12K
UNRESTRICTED GENERAL SUPPORT
2020
$11K
GENERAL SUPPORT
2020
$10K
GENERAL OPERATING
2020
$10K
GENERAL OPERATIONAL SUPPORT
2020
$9K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$8K
WORSHIP RENEWAL PROJECT
2020
$5K
GENERAL OPERATIONS
2020
$5K
EDUCATION
2020
$5K
GENERAL DONATION
2020
$4K
SCHOLARSHIPS
2020
$3K
IN FURTHERANCE OF FOUNDATION'S PURPOSES
2020
$2K
RELIGIOUS SCHOLARSHIPS
2020
$2K
GENERAL OPERATING
2020
$1K
GENERAL OPERATING
2020
$1K
EDUCATIONAL, RELIGIOUS, CHRISTIAN SEMINARY
2020
$1K
EDUCATIONAL, RELIGIOUS, CHRISTIAN SEMINARY
2020
$180K
TO ASSIST WITH COLLEGE EXPENSES
2019
$42K
Charitable Grant
2019
$38K
COMMUNITY & HUMAN SERVICES
2019
$27K
For grant recipient's exempt purposes
2019
$25K
FOR EDUCATION SCHOLARSHIPS
2019
$20K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2019
$10K
PROGRAM SUPPORT
2019

Funded by

$35.1M from 72 funders · 231 grants · 2017–2024

Bill And Carol Latimer Charitable

$11.0M · 4 grants · 2020–2024

Soma Foundation Inc

$2.7M · 4 grants · 2018–2024

Lilly Endowment Inc

$2.3M · 3 grants · 2021–2023

Bobbie Bailey Foundation Inc

$2M · 1 grant · 2023

The Paul S & Jean R Amos

$2M · 1 grant · 2024

Community Foundation Of The

$1.8M · 6 grants · 2017–2023

Estes Palmer Foundation

$1.0M · 6 grants · 2019–2024

Details

EIN610445823
NTEE codeB500
Subsection03
Ruling date1943-11
Formed1931
Employees539
Volunteers0
ASBURY THEOLOGICAL SEMINARY — Mission, Financials & Grants Received | Grantivo