Ashland University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/22/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Ashland University is a mid-sized, private, comprehensive university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students.

Situated on a beautiful 135-acre campus with trees, brick walkways and flower gardens, Ashland University affords close proximity to the big city while offering the advantages of an intimate campus experience in a small-town setting. Deeply rooted in tradition, yet always moving forward, Ashland University provides unparalleled opportunities for students to learn, grow and find their place in the world.

Students

Ashland University is home to nearly 2,200 full-time, undergraduate students. Ninety-two percent of these students are from Ohio, while students also come from 27 other states and 31 countries. Fifty-seven percent of the on-campus students are female. The average ACT score for the 2010 freshman class was 22.9, while the average high school grade point average for that class was 3.37. The University's total enrollment is nearly 6,500 students, and this includes graduate programs as well as off-campus centers in Cleveland, Columbus, Elyria, Mansfield, Massillon, Medina, Westlake and Detroit, Mich.

Academics

The University features a strong academic reputation, offering more than 70 undergraduate majors including programs in finance, political science, toxicology, environmental science, dietetics, athletic training and digital media. In addition, it offers most traditional liberal arts majors as well as a wide range of majors in business and education. The education program, which offers pre-K through doctorate level courses, is one of the largest among institutions in Ohio. Academic programs are enhanced by an Honors Program and the John M. Ashbrook Center for Public Affairs. In addition to its traditional undergraduate studies, Ashland offers a master of American history and government degree program; a master of fine arts in creative writing degree program; a master of business administration degree program; a master of education degree program; a doctor of education degree program; master's degrees and doctorate in theology through Ashland Theological Seminary; a bachelor of science in nursing program, and a bachelor's plus program for students with a non-education degree who want to teach.


Contact information

Mailing address:
Ashland University
401 College Avenue
Ashland, OH 44805

Website: ashland.edu

Phone: 419-289-4142

Email: enrollme@ashland.edu


Organization details

EIN: 340714626

CEO/President: Dr. Carlos Campo

Chairman:

Board size: 30

Founder:

Year founded: 1949

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Ashland University places great emphasis on the importance of each individual. The phrase "Accent on the Individual" has been our motto for many years and characterizes well the nature and content of the campus environment. It means that our concern for the student extends beyond ensuring a quality education in the classroom and laboratory to include a commitment to provide a stimulating and supportive environment in every respect. Ashland University aspires to be a nationally-recognized private university, where traditions of excellence are fostered and students discern their life calling and thrive.


Mission statement

Ashland University, guided by our Christian heritage, is a comprehensive, private university that provides a transformative learning experience, shaping graduates who work, serve and lead with integrity in their local, national, and global communities.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating185 of 9407 of 112
Fund acquisition rating278 of 94229 of 112
Resource allocation rating185 of 94211 of 112
Asset utilization rating460 of 94052 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%10%29%22%23%25%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%18%8%11%7%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%3%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%82%92%89%93%91%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%92%91%91%93%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%91%99%93%96%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%83%90%85%89%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%9%1%7%4%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%8%1%6%4%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%6%6%6%5%6%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.500.510.490.490.46
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.742.322.522.512.652.84
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.161.291.221.291.32
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.074.394.184.833.924.10
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.230.240.210.250.24
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.867.977.077.806.916.88
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%37%40%39%42%43%
Debt ratio Debt ratio =
Debt /
Total assets
16%24%27%28%29%31%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%125%118%125%119%123%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$37,563,863$30,652,289$27,806,685$22,932,126$16,271,998
Receivables, inventories, prepaids$24,627,434$18,358,276$16,462,674$16,708,859$19,959,115
Short-term investments$49,908,375$48,715,660$53,069,115$50,004,939$44,312,451
Other current assets$0$0$0$0$0
Total current assets$112,099,672$97,726,225$97,338,474$89,645,924$80,543,564
Long-term investments$2,985,550$3,253,388$1,767,181$2,258,175$2,759,933
Fixed assets$142,637,332$142,859,088$142,001,943$143,293,213$143,071,316
Other long-term assets$2,487,396$2,713,199$2,831,900$2,773,261$2,766,624
Total long-term assets$148,110,278$148,825,675$146,601,024$148,324,649$148,597,873
Total assets$260,209,950$246,551,900$243,939,498$237,970,573$229,141,437
 
Liabilities20202019201820172016
Payables and accrued expenses$9,042,346$11,056,566$10,157,620$11,633,395$12,018,618
Other current liabilities$16,481,726$12,308,403$10,003,853$11,212,991$7,647,662
Total current liabilities$25,524,072$23,364,969$20,161,473$22,846,386$19,666,280
Debt$63,719,398$66,078,389$67,725,419$69,697,788$70,851,620
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$7,664,353$8,237,598$7,061,770$6,935,383$7,985,552
Total long-term liabilities$71,383,751$74,315,987$74,787,189$76,633,171$78,837,172
Total liabilities$96,907,823$97,680,956$94,948,662$99,479,557$98,503,452
 
Net assets20202019201820172016
Without donor restrictions$92,632,681$91,849,160$91,825,557$87,734,325$84,163,907
With donor restrictions$70,669,446$57,021,784$57,165,279$50,756,691$46,474,078
Net assets$163,302,127$148,870,944$148,990,836$138,491,016$130,637,985
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$25,500,204$9,933,709$13,524,771$8,680,949$9,462,173
Program service revenue$115,675,595$115,296,054$112,371,355$110,204,578$98,847,402
Membership dues$0$0$0$0$0
Investment income$1,840,600$2,802,032$2,379,364$2,439,428$676,654
Other revenue$105,151($409,560)($578,868)($2,333)$655,353
Total other revenue$117,621,346$117,688,526$114,171,851$112,641,673$100,179,409
Total revenue$143,121,550$127,622,235$127,696,622$121,322,622$109,641,582
 
Expenses20202019201820172016
Program services$119,416,009$115,198,814$108,405,527$107,878,535$97,471,955
Management and general$8,447,906$8,137,616$7,393,006$6,078,286$6,356,597
Fundraising$2,568,573$2,895,970$2,975,796$1,965,630$2,399,099
Total expenses$130,432,488$126,232,400$118,774,329$115,922,451$106,227,651
 
Change in net assets20202019201820172016
Surplus (deficit)$12,689,062$1,389,835$8,922,293$5,400,171$3,413,931
Other changes in net assets$0$0$0$0$0
Total change in net assets$12,689,062$1,389,835$8,922,293$5,400,171$3,413,931

Compensation

NameTitleCompensation
Dr Carlos CampoPresident$522,747
Elad GranotDean of Business and Economics$331,820
Robert StollAssoc. Professor - Management$247,108
Daniel FoxAssociate Professor of Business$212,903
Sivakumar VenkataramanayProfessor - Int'l Business$210,305
Victoria KaskeyAssoc. Professor - Accounting$205,727
Marc PasterisVP of Finance & CFO$198,930
Todd Marshall Int Prov Thru6/19, VP Cor Ed & Innov Eff. 7/19$197,406
Patrick EwingVP of Facilities Mgmt and Planning$177,190
Margaret A PomfretVP of Institutional Advancement$162,843
Robert PoolVP of Student Affairs$145,292
Catherine Williams Int VP ofEnrl Mgmt & Mktg (entered 7/19)$114,149
Amiel JarstferProvost (entered 7/19)$109,521
Wayne McCown Interim PresTheological Seminary (exited 6/19)$96,817
Peter Rios Interim VP ofEnrollement Mgmt (exited 6/19)$85,302
Juan Martinez Pres ofSeminary (entered 7/19 Thru. 11/19)$82,340
Christopher D BoydTrustee$10,206

Compensation data as of: 5/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/22/2021. To update the information below, please email: info@ministrywatch.com


History

Founded in 1878 as Ashland College, the name of the institution was changed to Ashland University on May 12, 1989. This change was a practical and logical step based on the many diverse undergraduate, graduate and professional programs offered by the institution. Ashland continues to have a rich tradition as a private, comprehensive institution preparing students for exciting professions and careers. The University consists of four academic colleges -- College of Arts & Sciences, Dauch College of Business & Economics, Schar College of Education and Schar College of Nursing and Health Sciences -- as well as the Graduate, Online and Adult Studies; the Founders School for Continuing Education; and Ashland Theological Seminary.


Program accomplishments


Needs