EIN 61-0445823

Asbury Theological Seminary

IRS 501(c) type
501(c)(3)
Num. employees
587
Year formed
1931
Most recent tax filings
2022-06-01
Description
Asbury Seminary, a community called to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and to spread scriptural holiness throughout the world through Jesus Christ, the power of the Holy Spirit and to the glory of ...
Total revenues
$77,871,146
2022
Total expenses
$39,441,449
2022
Total assets
$363,518,683
2022
Num. employees
587
2022

Program areas at Asbury Theological Seminary

Asbury Theological Seminary enrolled over 1,800 students from 45 states and 43 countries through programs on its Wilmore, KY campus, Orlando', FL campus, its Memphis, TN extension site, its Tulsa, OK extension site, 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.

Who funds Asbury Theological Seminary

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
C I O SGeneral Funds$300,000
Estes Palmer FoundationTo Assist With College Expenses$251,201
Rembert Family FoundationOutreach and Missions$250,000
...and 40 more grants received totalling $2,108,072
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$6,011,653

Personnel at Asbury Theological Seminary

NameTitleCompensation
Jay MansurVice President of Advancement$191,565
Kevin BishVice President of Enrollment Management and Student Services$156,103
Jim BrumfieldController
Bryan P BlankenshipTreasurer$159,342
Gregg OkessonVice President / Faculty$141,853
...and 4 more key personnel

Financials for Asbury Theological Seminary

RevenuesFYE 06/2022
Total grants, contributions, etc.$32,914,493
Program services$21,662,784
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$23,293,869
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$77,871,146

Form 990s for Asbury Theological Seminary

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-09990View PDF
2020-062021-05-26990View PDF
2019-062020-08-27990View PDF
2018-062019-06-19990View PDF
2017-062018-03-14990View PDF
...and 7 more Form 990s

Organizations like Asbury Theological Seminary

OrganizationLocationRevenue
John Brown University (JBU)Siloam Springs, AR$80,358,451
Xavier UniversityCincinnati, OH$321,033,320
Ave Maria UniversityAve Maria, FL$75,533,917
The King's College (TKC)New York, NY$25,449,174
Trinity University / Business OfficeSan Antonio, TX$314,487,625
Oral Roberts University (ORU)Tulsa, OK$191,939,533
Regis CollegeWeston, MA$107,679,867
Susquehanna UniversitySelinsgrove, PA$169,609,787
Whitworth UniversitySpokane, WA$162,022,483
Northwest Nazarene University (NNU)Nampa, ID$80,181,650
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 4 new personnel
May 16, 2023
Updated personnel
Identified 6 new personnel
May 10, 2023
Used new vendors
Identified 1 new vendor, including
May 8, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from Bruckner Family Foundation
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ReligiousChristianNational levelReceives government fundingEndowed supportTax deductible donations
General information
Address
204 N Lexington Ave
Wilmore, KY 40390
Metro area
Lexington-Fayette, KY
County
Jessamine County, KY
Website URL
asburyseminary.edu/ 
Phone
(859) 858-3581
IRS details
EIN
61-0445823
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1931
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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