Ashland University
93% goes to programs $11 to raise $100 Strong reserves Declining revenue
Ashland University is a 501(c)(3) organization based in Ashland, Ohio, registered in 1949, with $136,561,683 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
401 College Ave, Ashland, OH, 44805 EIN 34-0714626 Since 1949
Revenue (FY2024)
$136.6M
▲ 3.2% vs prior year
Education median: $200K
Expenses (FY2024)
$137.5M
Net assets
$224.6M
Employees
2,470
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating93% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ashland University: 93% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ashland University: 20 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ashland University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ashland University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Institution of higher education
What they do
The university's auxiliary enterprise operations exist primarily to furnish goods and services to students, faculty, and staff. managed as essentially self-supporting activities, the university's auxiliary activities consist primarily of housing services, dining services, campus stores, copy services, and laundry services.
Contact & location
- Address
- 401 College Ave, Ashland, OH, 44805
- City
- Ashland
- State
- Ohio
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $129.6M (FY2013) to $136.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $89.9MNet assets $224.6M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$314.5M
Total liabilities
$89.9M
Net assets
$224.6M
Salaries & benefits
$64.2M
47% of expenses
Board members
23
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $136,561,683▲3.2% | $137,460,710▲0.9% | $224,552,582▲6.2% | $314,475,731▲2.2% | 990 |
| 2023 | $132,317,462▲1.2% | $136,174,957▼1.6% | $211,487,161▲1.4% | $307,723,329▲0.6% | 990 |
| 2022 | $130,719,861▼27.1% | $138,349,137▼4.5% | $208,618,381▼4.6% | $305,829,555▼2.6% | 990 |
| 2021 | $179,414,778▲18.5% | $144,817,759▲10.9% | $218,783,861▲13.0% | $314,084,834▲5.4% | 990 |
| 2020 | $151,417,762▲5.8% | $130,567,387▲0.1% | $193,620,369▲18.6% | $298,065,235▲14.5% | 990 |
| 2019 | $143,121,550▲12.1% | $130,432,488▲3.3% | $163,302,127▲9.7% | $260,209,950▲5.5% | 990 |
| 2018 | $127,622,235▼0.1% | $126,232,400▲6.3% | $148,870,944▼0.1% | $246,551,900▲1.1% | 990 |
| 2017 | $127,696,622▲5.3% | $118,774,329▲2.5% | $148,990,836▲7.6% | $243,939,498▲2.5% | 990 |
| 2016 | $121,322,622▲10.7% | $115,922,451▲9.1% | $138,491,016▲6.0% | $237,970,573▲3.9% | 990 |
| 2015 | $109,641,582▲2.4% | $106,227,651▲1.1% | $130,637,985▼1.6% | $229,141,437▲4.8% | 990 |
| 2014 | $107,034,069▼17.4% | $105,037,211▼17.2% | $132,703,686▲1.0% | $218,579,779▼2.6% | 990 |
| 2013 | $129,606,708 | $126,840,278▼3.9% | $131,345,517▲1.3% | $224,344,692▼3.6% | 990 |
| 2012 | — | $131,960,079▲1.3% | $129,656,351▼2.1% | $232,711,030▼0.6% | 990 |
| 2010 | — | $130,247,976▲9.3% | $132,438,168▲7.2% | $234,107,402▲6.6% | 990 |
| 2009 | — | $119,196,992 | $123,525,904 | $219,715,948 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Carlos Campo — $389,275 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Carlos Campo | Former President | 40 | $389,275 |
| Dr Jon Parrish Peede | President | 40 | $215,396 |
| Jeffrey Sikkenga Executive | Director, Ashbrook Center | 40 | $195,464 |
| Sivakumar Venkataramanay | Professor | 40 | $193,606 |
| Amiel Jarstfer | Provost (exit 3/25) | 40 | $175,465 |
| Chad Kifer | Director, Dev & Strategic | 40 | $170,035 |
| Marc Pasteris | Vp of Finance & Cfo | 40 | $168,951 |
| Daniel Fox | Dean | 40 | $166,681 |
| Timothy Hinkel | Professor | 40 | $156,005 |
| Patrick Ewing Vp of | Facilities Management & Planning | 40 | $142,051 |
| Jason Miller | Vp of Advancement | 40 | $138,990 |
| Robert Pool | Vp of Student Affairs | 40 | $118,709 |
| Keith Ramsdell Vp of | Enrollment Mgmt & Marketing | 40 | $113,605 |
| Dr Gregory Mcbrayer | Interim Provost (enter 3/25) | 40 | $105,697 |
| Christine Taylor | Trustee | 1 | — |
| Daniel Coffee | Trustee | 1 | — |
| David E Graetz | Trustee | 1 | — |
| David M Bush | Trustee (exit 5/25) | 1 | — |
| Dr G Emery Hurd | Trustee | 1 | — |
| Dustin J Ness | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Simonson Construction Services Inc | Construction | $2,113,665 |
| Atlo Software LLC | Software and Services | $1,001,250 |
| Vinyl Marketing | Advertising and Marketing | $896,389 |
| Alumni Roofing Company Inc | Construction | $368,267 |
| Jpay Inc | Software and Services | $304,141 |
Grants received · $21.7M total
109 grants to Ashland University totaling $21.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $16,318 |
| American Endowment Foundation | Educational | 2024 | $11,500 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $5,100 |
| Donor Advised Charitable Giving | Education | 2023 | $1,718,870 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $50,000 |
| Donors Trust Inc | For the the ashbrook center | 2023 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $45,321 |
| Columbus Foundation | Education | 2023 | $31,400 |
| National Collegiate Athletic Association | Grants | 2023 | $21,141 |
| American Online Giving Foundation Inc | General support | 2023 | $18,286 |
| American Endowment Foundation | Educational | 2023 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $9,000 |
| Impactassets Inc | General support | 2023 | $7,990 |
| Charities Aid Foundation America | Charitable donation | 2023 | $7,500 |
| Community Foundation of Tampa Bay Inc | Support of mission | 2023 | $6,162 |
Grants made · $5.0M in FY2020
2 grants totaling $5.0M in FY2020. All grants made by Ashland University →
| Recipient | Purpose | Amount |
|---|---|---|
| Teaching American History | To support the mission of the organization | $2,500,000 |
| Teaching American History | To support the mission of the organization | $2,500,000 |
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Compare Ashland University
Frequently asked questions
- Is Ashland University a legitimate nonprofit?
- Yes. Ashland University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-0714626, based in Ashland, Ohio. Donations are tax-deductible.
- What is Ashland University's EIN?
- Ashland University's Employer Identification Number (EIN) is 34-0714626.
- How much revenue does Ashland University report?
- Ashland University reported $136,561,683 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ashland University's spending goes to programs?
- Ashland University spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ashland University have?
- CharityIndex grades Ashland University A, based on program efficiency and fundraising cost.
- How much does Ashland University's highest-paid employee make?
- The highest reported compensation on Ashland University's latest Form 990 is $389,275, paid to Dr Carlos Campo (Former President).
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Data for Ashland University (EIN 34-0714626) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.