Nonprofit · EIN 61-1164593
ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC
Tax-exempt · WILMORE, KY 40390
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | -$993,671 | $5,337,503 | -$6,331,174 | $2,041,724 | $1,000,000 | $1,041,724 |
| June 30, 2024 | 990 | $13,507,298 | $6,341,000 | $7,166,298 | $8,372,898 | $1,000,000 | $7,372,898 |
| June 30, 2023 | 990 | $1,000,000 | $793,400 | $206,600 | $1,206,600 | $1,000,000 | $206,600 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $78,549
- Program service revenue
- $0
- Investment income
- -$1,072,220
- Net gain from sales of assets
- -$1,200,448
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,250,052
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,669
- Program services (functional)
- $5,337,503
Balance sheet and other
- Total assets, start of year
- $8,372,898
- Total assets, end of year
- $2,041,724
- Total liabilities, end of year
- $1,000,000
- Net assets, end of year
- $1,041,724
- Net assets without donor restrictions
- $1,041,724
- Gross receipts
- $3,006,329
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1988
- 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 |
|---|---|---|---|
| Tammy Hogan | Board Member Institutional trustee | 0.5 | $0 |
| Sherree Funk | Board Member Institutional trustee | 0.5 | $0 |
| Helen Rhea Stumbo | Board Member Institutional trustee | 0.5 | $0 |
| Bryan P Blankenship | Treasurer Institutional trustee, Officer | 0.5 | $0 |
| Anna Jackson | Secretary Institutional trustee, Officer | 0.5 | $0 |
| David Gyertson | President Institutional trustee, Officer | 0.5 | $0 |
| Jay Mansur | Vice President Institutional trustee, Officer | 0.5 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bryan P Blankenship | Treasurer Institutional trustee, Officer | 0.5 | $0 |
| Anna Jackson | Secretary Institutional trustee, Officer | 0.5 | $0 |
| Gregg A Okesson | Provost & Vice President Institutional trustee, Officer | 0.5 | $0 |
| Tammy Hogan | Board Member Institutional trustee | 0.5 | $0 |
| Timothy C Tennent | President Institutional trustee, Officer | 0.5 | $0 |
| Sherree Funk | Board Member Institutional trustee | 0.5 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bryan P Blankenship | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Anna Jackson | Secretary Trustee or director, Officer | 0.5 | $0 |
| Gregg A Okesson | Provost & Vice President Trustee or director, Officer | 0.5 | $0 |
| Tammy Hogan | Board Member Trustee or director | 0.5 | $0 |
| Timothy C Tennent | President Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 204 N LEXINGTON AVE, WILMORE, KY 40390-1199
- In care of
- % JAMES C BRUMFIELD
- Principal officer (990 for 2024)
- Bryan P Blankenship, 204 N Lexington Ave, Wilmore, KY 40390
- Signed the 990
- Bryan P Blankenship, Treasurer
- Phone
- (859) 858-3581
Mission
Theological education fundraising for Asbury Theological Seminary operations support.
Program accomplishments
- Support for educational scholarshipsExpenses $5,337,503 · grants $5,250,052 · revenue -$1,200,448
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
- 61-1164593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,041,724
- Income (IRS master file)
- $3,006,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | -$993,671 | $5,337,503 | $2,041,724 | IRS |
| 990 | June 2024 | $13,507,298 | $6,341,000 | $8,372,898 | IRS |
| 990 | June 2023 | $1,000,000 | $793,400 | $1,206,600 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 61-1164593).
Questions about ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC
- What is the EIN of ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC?
- The employer identification number (EIN) of ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC is 61-1164593.
- Is ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC 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 FOUNDATION FOR THEOLOGICAL EDUCATION INC 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 FOUNDATION FOR THEOLOGICAL EDUCATION INC 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 FOUNDATION FOR THEOLOGICAL EDUCATION INC?
- The 990 for the year ended June 30, 2025 names Bryan P Blankenship.
- Who are the officers and directors of ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ASBURY FOUNDATION FOR THEOLOGICAL EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of -$993,671, expenses of $5,337,503 and total assets of $2,041,724 at year end.
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