Ashland University

The information on this page was last updated 4/4/2022. If you see errors or omissions, please email: [email protected]


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: [email protected]


Organization details

EIN: 340714626

CEO/President: Dr. Carlos Campo

Chairman: James H. Hess

Board size: 30

Founder:

Ruling year: 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

Donor confidence score

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating152 of 10337 of 117
Fund acquisition rating106 of 103517 of 117
Resource allocation rating187 of 10358 of 117
Asset utilization rating578 of 103364 of 117

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%6%10%29%22%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
14%24%18%8%11%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
86%76%82%92%89%93%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%93%92%91%91%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%86%91%99%93%96%
Program output ratio Program output ratio =
Program services /
Total revenue
80%80%83%90%85%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%14%9%1%7%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%11%8%1%6%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%5%6%6%6%5%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.440.500.510.490.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.712.092.322.522.512.65
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.600.911.161.291.221.29
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.383.934.394.184.833.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.250.230.240.210.25
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.979.777.977.077.806.91
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%35%37%40%39%42%
Debt ratio Debt ratio =
Debt /
Total assets
16%21%24%27%28%29%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%148%125%118%125%119%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$55,958,546$37,563,863$30,652,289$27,806,685$22,932,126
Receivables, inventories, prepaids$28,133,989$24,627,434$18,358,276$16,462,674$16,708,859
Short-term investments$58,605,080$49,908,375$48,715,660$53,069,115$50,004,939
Other current assets$0$0$0$0$0
Total current assets$142,697,615$112,099,672$97,726,225$97,338,474$89,645,924
Long-term investments$2,947,664$2,985,550$3,253,388$1,767,181$2,258,175
Fixed assets$143,927,017$142,637,332$142,859,088$142,001,943$143,293,213
Other long-term assets$8,492,939$2,487,396$2,713,199$2,831,900$2,773,261
Total long-term assets$155,367,620$148,110,278$148,825,675$146,601,024$148,324,649
Total assets$298,065,235$260,209,950$246,551,900$243,939,498$237,970,573
 
Liabilities20212020201920182017
Payables and accrued expenses$12,183,336$9,042,346$11,056,566$10,157,620$11,633,395
Other current liabilities$24,168,123$16,481,726$12,308,403$10,003,853$11,212,991
Total current liabilities$36,351,459$25,524,072$23,364,969$20,161,473$22,846,386
Debt$62,232,132$63,719,398$66,078,389$67,725,419$69,697,788
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,861,275$7,664,353$8,237,598$7,061,770$6,935,383
Total long-term liabilities$68,093,407$71,383,751$74,315,987$74,787,189$76,633,171
Total liabilities$104,444,866$96,907,823$97,680,956$94,948,662$99,479,557
 
Net assets20212020201920182017
Without donor restrictions$102,634,221$92,632,681$91,849,160$91,825,557$87,734,325
With donor restrictions$90,986,148$70,669,446$57,021,784$57,165,279$50,756,691
Net assets$193,620,369$163,302,127$148,870,944$148,990,836$138,491,016
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$36,070,768$25,500,204$9,933,709$13,524,771$8,680,949
Program service revenue$111,803,827$115,675,595$115,296,054$112,371,355$110,204,578
Membership dues$0$0$0$0$0
Investment income$4,817,315$1,840,600$2,802,032$2,379,364$2,439,428
Other revenue($1,274,148)$105,151($409,560)($578,868)($2,333)
Total other revenue$115,346,994$117,621,346$117,688,526$114,171,851$112,641,673
Total revenue$151,417,762$143,121,550$127,622,235$127,696,622$121,322,622
 
Expenses20212020201920182017
Program services$121,189,786$119,416,009$115,198,814$108,405,527$107,878,535
Management and general$7,111,902$8,447,906$8,137,616$7,393,006$6,078,286
Fundraising$2,265,699$2,568,573$2,895,970$2,975,796$1,965,630
Total expenses$130,567,387$130,432,488$126,232,400$118,774,329$115,922,451
 
Change in net assets20212020201920182017
Surplus (deficit)$20,850,375$12,689,062$1,389,835$8,922,293$5,400,171
Other changes in net assets$0$0$0$0$0
Total change in net assets$20,850,375$12,689,062$1,389,835$8,922,293$5,400,171

Compensation

NameTitleCompensation
Dr Carlos CampoPresident$466,105
Elad Granot Dean of BusinessAnd Economics$290,249
Jeffery SikkengaExecutive Director - Ashbrook$240,951
Robert Stoll AssocProfessor - Management$228,019
Raymond JacobsAssoc. Dean of Business & Economics$200,965
Sivakumar VenkataramanayProfessor - Int'l Business$196,412
Amiel JarstferProvost$187,959
Marc PasterisVP of Finance & CFO$184,923
Patrick EwingVP of Facilities Mgmt and Planning$169,865
Todd MarshallVP Cor Edu & Innovations$164,913
Margaret A PomfretVP of Institutional Advancement$150,179
Catherine Williams Int VP ofEnrl. Mgmt & Mktg (thru 10/05/20)$140,453
Robert PoolVP of Student Affairs$137,827
Keith Ramsdell VP of Enrl& Marketing (entered 10/06/20)$34,674
Christopher D BoydTrustee$10,563

Compensation data as of: 5/31/2021


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 4/4/2022. To update the information below, please email: [email protected]


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


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