Ashland University 
The information on this page was last updated 1/6/2026. 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: 28
Founder:
Ruling year: 1949
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
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
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 345 of 1423 | 26 of 155 |
| Fund acquisition rating | | 642 of 1423 | 66 of 155 |
| Resource allocation rating | | 172 of 1423 | 6 of 155 |
| Asset utilization rating | | 712 of 1424 | 91 of 155 |
According to the organization's Form 990, it received $2,892,085 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 11% | 11% | 12% | 4% | 6% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 19% | 17% | 18% | 37% | 24% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 81% | 83% | 82% | 63% | 76% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 93% | 93% | 94% | 93% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 101% | 103% | 106% | 81% | 86% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 94% | 96% | 99% | 75% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -1% | -3% | -6% | 19% | 14% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 0% | -2% | -4% | 16% | 11% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 5% | 5% | 4% | 5% | 5% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.44 | 0.44 | 0.45 | 0.46 | 0.44 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 2.31 | 2.36 | 2.33 | 2.03 | 2.09 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 1.01 | 1.05 | 1.05 | 0.94 | 0.91 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 4.83 | 3.75 | 3.87 | 5.21 | 3.93 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.21 | 0.27 | 0.26 | 0.19 | 0.25 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.99 | 9.42 | 8.42 | 8.43 | 10.36 | 9.77 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 29% | 31% | 32% | 30% | 35% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 18% | 19% | 19% | 19% | 21% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 163% | 155% | 151% | 151% | 148% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $31,813,607 | $33,194,264 | $35,502,784 | $49,111,121 | $55,958,546 |
| Receivables, inventories, prepaids | $29,123,776 | $30,886,558 | $38,769,309 | $47,928,547 | $28,133,989 |
| Short-term investments | $75,194,166 | $66,203,925 | $56,879,025 | $57,616,763 | $58,605,080 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $136,131,549 | $130,284,747 | $131,151,118 | $154,656,431 | $142,697,615 |
| Long-term investments | $11,970,518 | $8,709,750 | $6,637,599 | $3,474,162 | $2,947,664 |
| Fixed assets | $161,112,900 | $163,367,625 | $162,657,764 | $150,002,824 | $143,927,017 |
| Other long-term assets | $5,260,764 | $5,361,207 | $5,383,074 | $5,951,417 | $8,492,939 |
| Total long-term assets | $178,344,182 | $177,438,582 | $174,678,437 | $159,428,403 | $155,367,620 |
| Total assets | $314,475,731 | $307,723,329 | $305,829,555 | $314,084,834 | $298,065,235 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $9,873,580 | $19,621,939 | $19,552,873 | $15,512,394 | $12,183,336 |
| Other current liabilities | $18,310,283 | $15,134,672 | $14,361,291 | $14,173,332 | $24,168,123 |
| Total current liabilities | $28,183,863 | $34,756,611 | $33,914,164 | $29,685,726 | $36,351,459 |
| Debt | $56,543,630 | $57,980,461 | $59,442,291 | $60,873,671 | $62,232,132 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $5,195,656 | $3,499,096 | $3,854,719 | $4,741,576 | $5,861,275 |
| Total long-term liabilities | $61,739,286 | $61,479,557 | $63,297,010 | $65,615,247 | $68,093,407 |
| Total liabilities | $89,923,149 | $96,236,168 | $97,211,174 | $95,300,973 | $104,444,866 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $126,652,647 | $123,282,322 | $121,289,783 | $114,416,549 | $102,634,221 |
| With donor restrictions | $97,899,935 | $88,204,839 | $87,328,598 | $104,367,312 | $90,986,148 |
| Net assets | $224,552,582 | $211,487,161 | $208,618,381 | $218,783,861 | $193,620,369 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $26,285,683 | $22,697,491 | $23,561,229 | $66,347,850 | $36,070,768 |
| Program service revenue | $105,637,216 | $106,423,957 | $103,626,937 | $109,621,447 | $111,803,827 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $4,861,152 | $3,366,428 | $3,761,841 | $3,841,080 | $4,817,315 |
| Other revenue | ($222,368) | ($170,414) | ($230,146) | ($395,599) | ($1,274,148) |
| Total other revenue | $110,276,000 | $109,619,971 | $107,158,632 | $113,066,928 | $115,346,994 |
| Total revenue | $136,561,683 | $132,317,462 | $130,719,861 | $179,414,778 | $151,417,762 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $127,935,405 | $127,163,689 | $129,827,604 | $135,328,470 | $121,189,786 |
| Management and general | $6,581,399 | $6,557,033 | $5,764,617 | $6,939,715 | $7,111,902 |
| Fundraising | $2,943,906 | $2,454,235 | $2,756,916 | $2,549,574 | $2,265,699 |
| Total expenses | $137,460,710 | $136,174,957 | $138,349,137 | $144,817,759 | $130,567,387 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($899,027) | ($3,857,495) | ($7,629,276) | $34,597,019 | $20,850,375 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($899,027) | ($3,857,495) | ($7,629,276) | $34,597,019 | $20,850,375 |
Compensation
| Name | Title | Compensation |
| Dr Carlos Campo | Former President | $409,819 |
| Dr Jon Parrish Peede | President | $244,329 |
| Jeffrey Sikkenga Executive | Director, Ashbrook Center | $233,702 |
| Patrick Ewing VP of | Facilities Management & Planning | $229,693 |
| Sivakumar Venkataramanay | Professor | $220,260 |
| Amiel Jarstfer | Provost (exit 3/25) | $201,282 |
| Marc Pasteris | VP of Finance & CFO | $199,615 |
| Daniel Fox | Dean | $195,551 |
| Chad Kifer | Director, Dev & Strategic | $192,648 |
| Robert Pool | VP of Student Affairs | $176,448 |
| Jason Miller | VP of Advancement | $175,181 |
| Keith Ramsdell VP of | Enrollment Mgmt & Marketing | $174,955 |
| Timothy Hinkel | Professor | $158,992 |
| Dr Gregory McBrayer | Interim Provost (enter 3/25) | $139,767 |
Compensation data as of: 5/31/2025
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 1/6/2026. 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.