Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $241K paid to officers and key staff.
Joanna Bargeron’s $146K as Vice President is at the 55th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Joanna Bargeron | $145,600 | $119,490 | $115,733 | $99,000 | — |
| Patrick Awuah | $95,833 | $106,227 | $71,167 | $70,000 | $70,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II3 listed
Programs and updates
Supports educational opportunities in Ghana.
Questions for Ashesi University Foundation
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Campus 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.
Scholarships
As ashesi grows, we are raising funds to maintain the percentage of students on scholarships. 54% of ashesi's students received financial aid, funded through tuition and donor contributions.
Program Growth
To provide students with the highest quality education, we are raising funds to invest in faculty development, research, the education collaborative and other initiatives and priorities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.1M | $9.8M |
| InvestmentsLn 11–13 | $16.8M | $18.1M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $25.9M | $29.3M |
| LiabilitiesLn 26 | $5.9M | $8.0M |
| Net assetsLn 32 | $20.0M | $21.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $3.7M | $3.7M | ||
| Pay of current officers, directors and key staffLn 5 | $300K | $124K | $60K | $116K |
| Other salaries and wagesLn 7 | $458K | $76K | $115K | $266K |
| Pension plan contributionsLn 8 | $28K | $5K | $6K | $18K |
| Other employee benefitsLn 9 | $32K | $6K | $10K | $17K |
| Payroll taxesLn 10 | $59K | $15K | $14K | $30K |
| Legal feesLn 11b | $10K | $10K | ||
| Accounting feesLn 11c | $91K | $91K | ||
| Other fees for servicesLn 11g | $270K | $97K | $76K | $97K |
| Office expensesLn 13 | $54K | $3K | $12K | $38K |
| OccupancyLn 16 | $32K | $8K | $7K | $16K |
| TravelLn 17 | $86K | $28K | $8K | $50K |
| InterestLn 20 | $31K | $31K | ||
| InsuranceLn 23 | $10K | $4K | $4K | $3K |
| Other expenses (24a–d)Ln 24 | $27K | $5K | $9K | $13K |
| Total functional expensesLn 25 | $5.2M | $4.1M | $413K | $664K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $6.0M | $5.2M | $843K | $21.3M | 990 PDF |
| FY2023 | $13.8M | $5.3M | $8.5M | $20.0M | 990 PDF |
| FY2022 | $6.2M | $3.6M | $2.6M | $10.9M | 990 PDF |
| FY2021 | $4.1M | $4.6M | −$445K | $8.8M | 990 PDF |
| FY2020 | $5.1M | $3.8M | $1.4M | $9.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $6,026,436 revenue, 12 lines filed
Part VI · Governance 16 of 17 board members independent, 1 to look at
Part VIII · Statement of revenue $6,026,436 across 7 lines filed
Part IX · Statement of functional expenses $5,183,102 across 15 lines filed
Part X · Balance sheet $29,324,742 assets, 17 lines filed
Part XI · Reconciliation of net assets $21,306,151 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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