Civic Intelligence

Ashland Theological Seminary Founda Tion

EIN 34-1202588 • 501(c)3 • Ashland, OH

Profile

The exclusive mission of the foundation is to provide for the ashland theological seminary's charitable, religious and educational purposes. This is accomplished by collecting and investing donations. Grants from the earnings are made to the seminary.

910 Center StAshland, OH 44805

atsfound.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Assets

Up

$3,347,333

Up $134,639 (+4.2%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$3,347,333

Up $134,639 (+4.2%) from 2024

Revenue

Up

$303,277

Up $142,922 (+89%) from 2024

Expenses

Up

$336,851

Up $87,718 (+35%) from 2024

Net Income

Up

-$33,574

Up $55,204 (+62%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,175,649Liabilities 2010: $0Net Assets 2010: $2,175,6492010Assets 2011: $2,841,433Liabilities 2011: $0Net Assets 2011: $2,841,4332011Assets 2012: $2,651,019Liabilities 2012: $0Net Assets 2012: $2,651,0192012Assets 2013: $3,028,674Liabilities 2013: $0Net Assets 2013: $3,028,6742013Assets 2014: $3,172,591Liabilities 2014: $0Net Assets 2014: $3,172,5912014Assets 2015: $2,948,989Liabilities 2015: $0Net Assets 2015: $2,948,9892015Assets 2016: $2,348,688Liabilities 2016: $0Net Assets 2016: $2,348,6882016Assets 2017: $2,824,647Liabilities 2017: $0Net Assets 2017: $2,824,6472017Assets 2018: $2,962,278Liabilities 2018: $112,156Net Assets 2018: $2,850,1222018Assets 2024: $3,212,694Liabilities 2024: $0Net Assets 2024: $3,212,6942024Assets 2025: $3,347,333Liabilities 2025: $0Net Assets 2025: $3,347,3332025

Highlighted filing

2025

Assets$3,347,333
Liabilities$0
Net Assets$3,347,333

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2010: $39,5052010Expenses 2011: $151,3612011Expenses 2012: $161,2532012Expenses 2013: $293,2932013Revenue 2014: $221,311Expenses 2014: $304,944Net Income 2014: -$83,6332014Revenue 2015: $265,277Expenses 2015: $246,349Net Income 2015: $18,9282015Revenue 2016: $175,304Expenses 2016: $355,683Net Income 2016: -$180,3792016Revenue 2017: $289,545Expenses 2017: $38,008Net Income 2017: $251,5372017Revenue 2018: $92,082Expenses 2018: $142,984Net Income 2018: -$50,9022018Revenue 2024: $160,355Expenses 2024: $249,133Net Income 2024: -$88,7782024Revenue 2025: $303,277Expenses 2025: $336,851Net Income 2025: -$33,5742025

Highlighted filing

2025

Revenue$303,277
Expenses$336,851
Net Income-$33,574

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 1, 2025
Return Version
2024v5.0
Gross Receipts
$1,037,090
Mission and Program Overview

Mission

The exclusive mission of the foundation is to provide support for the ashland theological seminary's charitable, religious and educational purposes. This is accomplished by collecting and investing donations. Grants from the earnings are made to the seminary.

The exclusive mission of the foundation is to provide for the ashland theological seminary's charitable, religious and educational purposes. This is accomplished by collecting and investing donations. Grants from the earnings are made to the seminary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,200,763$3,341,839▲ $141,076
Cash and Non-Interest-Bearing Accounts$11,762$5,494▼ $6,268
Accounts Receivable$169--
Total Assets$3,212,694$3,347,333▲ $134,639
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,051,649$3,186,288▲ $134,639
Net Assets Without Donor Restrictions$161,045$161,045→ $0
Total Net Assets Fund Balance$3,212,694$3,347,333▲ $134,639
Total Liabilities and Net Assets / Fund Balance$3,212,694$3,347,333▲ $134,639

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,212,694$81,974▲ $389,515-$3,347,333
2023$3,110,612$20,766▲ $330,449-$3,212,694
2022$2,983,331$28,635▲ $326,617-$3,110,612
2021$3,721,265-▲ $87,638-$2,983,331
2020$2,762,243-▲ $763,194-$3,721,265
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Doug CooperExec. DirectorPT$49,846$49,846

Board Members and Trustees

NameTitle
John Shultz PhdPresident &
Angela CironeTrustee
David S DavenportTrustee
Yvonne Glass PhdTrustee Ex-o
Rob HovisSecretary &
Duane GarthTreasurer &
Revenue and Support

Revenue Composition

Contributions and Grants
$81,974
Program Service Revenue
$0
Investment Income
$221,303
Other Revenue
$0
All Other Contributions
$81,974
Change in Net Assets
$-33,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,000
Salaries, Compensation, and Employee Benefits$127,622
Other Expenses$59,229
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,000--$150,000
Other Salaries and Wages$36,513$36,512-$73,025
Current Officers, Directors, Trustees, and Key Employees$24,923$24,923-$49,846
Fees for Service Investment Mgmnt Fees-$27,630-$27,630
Fees for Services Accounting-$5,550-$5,550
Office Expenses-$5,366-$5,366
Payroll Taxes$2,375$2,376-$4,751
Information Technology-$4,728-$4,728
Advertising-$2,653-$2,653
Conferences and Meetings-$2,265-$2,265
Insurance-$1,033-$1,033
Other Expenses-$160-$160
Fees for Services Legal-$105-$105
All Other Expenses-$27-$27
Total Functional Expenses$213,811$123,040$0$336,851
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ashland UniversityAshland, OH501c3Academic Scholarship$150,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is sent to the board of trustees before it is filed with the internal revenue service. They discuss at the next board meeting and vote on its approval. Often times the approval comes after the return has been filed.

Form 990, Page 6, Part VI, Line 12C

Trustees shall disclose to the board, prior to any relevant debate and votes, any potential conflict of interest which may be seen to inhibit the trustee from acting in the foundation's best interest. Such disclosures shall be recorded in the minutes. Trustees so conflicted are encouraged to abstain from relevant votes, and in some cases to absent themselves during relevant debate.

Form 990, Page 6, Part VI, Line 15A

The current executive director role was selected by the board of directors to accomplish the functions for which they are currently responsible. The compensation was negotiated to satisfy fees for service expectations for both parties.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Ashland Theological Seminary Founda
EIN
34-1202588
Phone
4192895161
Address
910 CENTER ST, ASHLAND, OH 44805

Signing Officer

Name
Doug Cooper
Title
Exec. Director
Phone
4192895161
Signed
2025-10-01

Organization Details

Principal Officer
Doug Cooper
Formed
1976
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Whitcomb & Hess Inc
Address
1020 CLEVELAND AVE, ASHLAND, OH 44805
Preparer
Beau Carpenter
Phone
4192897007
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The exclusive mission of the foundation is to provide for the ashland theological seminary's charitable, religious and educational purposes. This is accomplished by collecting and investing donations. Grants from the earnings are made to the seminary.

Form 990, Page 2, Part III, Line 4D

Funds provided to ashland theological seminary (graduate school of ashland university)for student scholarships

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION COLLECTS AND INVESTS FUNDS TO PROVIDE FINANCIAL SUPPORT FOR ASHLAND UNIVERSITY/ASHLAND THEOLOGICAL SEMINARY. THIS SUPPORT ALLOWS FOR SCHOLARSHIPS AND LOWER TUITION RATES BY THE UNIVERSITY/SEMINARY, THEREBY ALLOWING IT TO EQUIP MORE MEN AND WOMEN FOR MINISTRY IN THE CHURCH AND THE WORLD. THE ORGANIZATION CARRIED ON NO OTHER ACTIVITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ASHLAND UNIVERSITY/ASHLAND THEOLOGICAL SEMINARY ENGAGE IN THE SAME ACTIVITIES. BECAUSE OF THE SPECIFIC FOCUS OF THE ORGANIZATION TO SUPPORT THEOLOGICAL EDUCATION, THE ORGANIZATION IS ABLE TO SOLICIT DONATIONS FROM DONORS THAT WOULD NOT DONATE TO THE GENERAL OPERATIONS OF ASHLAND UNIVERSITY/ASHLAND THEOLOGICAL SEMINARY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt077971
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXCLUSIVE MISSION OF THE FOUNDATION IS TO PROVIDE FOR THE ASHLAND THEOLOGICAL SEMINARY'S CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. THIS IS ACCOMPLISHED BY COLLECTING AND INVESTING DONATIONS. GRANTS FROM THE EARNINGS ARE MADE TO THE SEMINARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FUNDS PROVIDED TO ASHLAND THEOLOGICAL SEMINARY (GRADUATE SCHOOL OF ASHLAND UNIVERSITY)FOR STUDENT SCHOLARSHIPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS SENT TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THEY DISCUSS AT THE NEXT BOARD MEETING AND VOTE ON ITS APPROVAL. OFTEN TIMES THE APPROVAL COMES AFTER THE RETURN HAS BEEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRUSTEES SHALL DISCLOSE TO THE BOARD, PRIOR TO ANY RELEVANT DEBATE AND VOTES, ANY POTENTIAL CONFLICT OF INTEREST WHICH MAY BE SEEN TO INHIBIT THE TRUSTEE FROM ACTING IN THE FOUNDATION'S BEST INTEREST. SUCH DISCLOSURES SHALL BE RECORDED IN THE MINUTES. TRUSTEES SO CONFLICTED ARE ENCOURAGED TO ABSTAIN FROM RELEVANT VOTES, AND IN SOME CASES TO ABSENT THEMSELVES DURING RELEVANT DEBATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CURRENT EXECUTIVE DIRECTOR ROLE WAS SELECTED BY THE BOARD OF DIRECTORS TO ACCOMPLISH THE FUNCTIONS FOR WHICH THEY ARE CURRENTLY RESPONSIBLE. THE COMPENSATION WAS NEGOTIATED TO SATISFY FEES FOR SERVICE EXPECTATIONS FOR BOTH PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0336851
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt0113606
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107697
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0303277
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IRS990/WebsiteAddressTxt0HTTPS://ATSFOUND.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUG COOPER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC. DIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04192895161
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHLAND THEOLOGICAL SEMINARY FOUNDA
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ReturnHeader/Filer/BusinessNameControlTxt0ASHL
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITCOMB & HESS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01020 CLEVELAND AVE
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ReturnHeader/PreparerPersonGrp/PhoneNum04192897007
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BEAU CARPENTER
ReturnHeader/ReturnTs02025-10-01T12:55:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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