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Ashesi University Foundation
Ashesi University Foundation reported $6.0 million in revenue and $5.2 million in expenses for calendar year 2024. Of every $100 it spent, $79.22 went to program services, $7.97 to management and general costs and $12.81 to fundraising. Its largest source of revenue was contributions and grants: 88.4% of the total. Government grants made up 10.0%. The highest compensation it reported for one person was $164,398 (VICE PRESIDENT). 1 person received more than $100,000 in reportable compensation. Revenue rose 90% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.2MFor context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $6.0MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.2% | 86.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.0% | 8.0% |
| Fundraising Part IX 25(D) ÷ 25(A) | 12.8% | 2.6% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 88.4% | 96.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $164,398 | $341,362 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.17% | 1.06% |
| People paid over $100,000 Part VII, line 2 | 1 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 49.3 | 7.5 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCampus expansion: to serve Ashesi University's (ashesi) growing student body, we are raising funds to purchase equipment and build more classrooms, labs, student housing, and collaborative spaces
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| VICE PRESIDENT Officer, 40.00 hrs/week | $145,600 | $0 | $18,798 | $164,398 |
| FOUNDATION PRESIDENT Director/trustee, officer, 20.00 hrs/week | $95,833 | $0 | $30,351 | $126,184 |
1 people received more than $100,000 in reportable compensation from Ashesi University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $300K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 511
- Volunteers Part I, line 616
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BWF Non-profit consultant | $193,081 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Ashesi University Foundation totaling $626K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ashesi University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ashesi University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ashesi University Foundation spent in 2024, $79.22 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- United States Energy AssociationWashington, DC · revenue $4.8M · programs 64.2% · 2025
- All God's Children InternationalVancouver, WA · revenue $6.2M · programs 86.6% · FY2025
- Avina AmericasWashington, DC · revenue $3.3M · programs 99.2% · 2025
- The Boma ProjectManchester Center, VT · revenue $7.3M · programs 87.5% · 2025
- Corus SolutionsBaltimore, MD · revenue $1.3M · programs 99.3% · FY2025
All international, foreign affairs & national security charities · Largest charities in Washington
Questions people ask
How much of Ashesi University Foundation's spending goes to programs?
In calendar year 2024, Ashesi University Foundation reported that 79.2% of its $5.2 million in expenses went to program services, 8.0% to management and general and 12.8% to fundraising (Form 990, Part IX).
How much does Ashesi University Foundation pay its top executive?
The largest total compensation Ashesi University Foundation reported for one person in calendar year 2024 was $164,398, for the role of VICE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ashesi University Foundation get its money?
Of $6.0 million in revenue in calendar year 2024, 88.4% came from contributions and grants (including 10.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Ashesi University Foundation a registered charity?
The IRS lists EIN 91-1997089 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542659349300639 · read the filing
- 2023: Form 990 for calendar year 2023, object 202402959349301140 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343049349302724 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213189349304511 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112889349300101 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023189349301002 · read the filing
All filings for EIN 91-1997089: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.