ASBURY THEOLOGICAL SEMINARY Charity Report

Public IRS 990 nonprofit record

ASBURY THEOLOGICAL SEMINARY

EIN 61-0445823 · Education (B500)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.66%of revenue went to mission work83.0% of expenses · Program services

2.55%of revenue went to fundraising2.9% of expenses

$87.50spent for every $100 of revenueRevenue covered expenses this year.

12.29%of revenue went to management and office costs14.0% of expenses

$8.46in assets for every $1 spent this yearSome assets cannot be spent right away.

27.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $246,714 for TIMOTHY TENNENT (FACALTY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$50,655,245

Mission workProgram services$36,807,74372.66% of revenue83.0% of expenses

ManagementOffice and general costs$6,224,32612.29% of revenue14.0% of expenses

FundraisingAsking for donations$1,292,8172.55% of revenue2.9% of expenses

Revenue left after expensesReported annual surplus$6,330,35912.50% of revenueShown in gray on the chart

Total expenses$44,324,88687.50% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.0% mission · 14.0% management · 2.9% fundraisingTotal expenses: 87.50% of revenue

2023Expense mix: 80.8% mission · 16.0% management · 3.2% fundraisingTotal expenses: 95.74% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 112.11% of revenue

2021Expense mix: 82.8% mission · 12.9% management · 4.3% fundraisingTotal expenses: 50.65% of revenue

2020Expense mix: 84.2% mission · 12.4% management · 3.4% fundraisingTotal expenses: 70.27% of revenue

2019Expense mix: 77.9% mission · 16.5% management · 5.6% fundraisingTotal expenses: 87.80% of revenue

2018Expense mix: 78.6% mission · 15.9% management · 5.6% fundraisingTotal expenses: 87.86% of revenue

2017Expense mix: 75.2% mission · 18.9% management · 5.8% fundraisingTotal expenses: 88.16% of revenue

Money in and money out

Revenue$50,655,245

Expenses$44,324,886

Annual surplus $6,330,359 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$36,807,743 · 83.0% of expenses

Management and office costs$6,224,326 · 14.0% of expenses

Fundraising$1,292,817 · 2.9% of expenses

See all reported dollar amounts

Revenue$50,655,245

Expenses$44,324,886

Assets$375,021,059

Income$316,471,869

Contributions$13,787,006

Mission work (program services)$36,807,743

Fundraising$1,292,817

Grants given$1,282,262

Average grant$40,071

Management and general$6,224,326

Stocks and bonds$282,715,563

Accounting fees$76,250

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TIMOTHY TENNENTFACALTY · 40 hrs/week $246,714

JAY MANSURVICE PRESIDENT · 40 hrs/week $201,866

KEVIN BISHVICE PRESIDENT · 40 hrs/week $177,530

JAY BARNESVICE PRESIDENT · 40 hrs/week $159,243

BRYAN P BLANKENSHIPVICE PRESIDENT & TREASURER · 40 hrs/week $157,566

EMILIO ALVAREZFACULTY · 40 hrs/week $148,171

GREGG OKESSONFACULTY · 40 hrs/week $146,442

JOHN RAGSDALEVICE PRESIDENT · 40 hrs/week $145,446

DAVID GYERTSONPRESIDENT · 40 hrs/week $125,360

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

TIMOTHY TENNENTFACALTY

JAY MANSURVICE PRESIDENT

KEVIN BISHVICE PRESIDENT

JAY BARNESVICE PRESIDENT

BRYAN P BLANKENSHIPVICE PRESIDENT & TREASURER

EMILIO ALVAREZFACULTY

GREGG OKESSONFACULTY

JOHN RAGSDALEVICE PRESIDENT

DAVID GYERTSONPRESIDENT

JILL BRUETRUSTEE

KYLE RAYTRUSTEE

LYNDOL LOYDTRUSTEE

STEPHANIE RAGLINTRUSTEE

PETER MARRATRUSTEE

PRABHU SINGHTRUSTEE

RICARDO GOMEZTRUSTEE

ROBIN LIMTRUSTEE

RODNEY ADAMSTRUSTEE

RUREL AUSLEYTRUSTEE

SHERREE FUNKTRUSTEE

KENNETH WERLEINTRUSTEE

JOAO CARLOS LOPESTRUSTEE

AMY WASSERBAUERTRUSTEE

JAMES DUNNTRUSTEE

HELEN RHEA STUMBOTRUSTEE

GREG SPILLYARDSTRUSTEE

ELAINE FRIEDRICHTRUSTEE

E DALE LOCKETRUSTEE

DAVID OLSHINETRUSTEE

CHARLES SAVAGE IITRUSTEE

ANNA JACKSONTRUSTEE & SECRETARY

ANDY HURSTTRUSTEE

About this charity

Recognized since: January 1943
Location: 204 N Lexington Ave, Wilmore, KY 403901199
County: Jessamine
In care of: Bryan P Blankenship
Primary officer: Bryan P Blankenship, Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(859) 858-3581 Officer phone(859) 858-2280

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Education (B500)
Grant-giving organization: Yes