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Asbury Theological Seminary is a community called to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and to spread scriptural holiness throughout the world through the love of Jesus Christ, in the power of the Holy Spirit and to the glory of God the Father.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$34.6M
Program Spending
81%
of total expenses go to program services
Total Contributions
$9.1M
Total Expenses
▼$38.8M
Total Assets
$359.3M
Total Liabilities
▼$4.4M
Net Assets
$354.9M
Officer Compensation
→$615.7K
Other Salaries
$13.5M
Investment Income
$2.9M
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $3.8M | Yes | 2025-12-16 |
| 2024 | Clean | Unmodified (Clean) | $4.7M | Yes | 2024-11-21 |
| 2023 | Clean | Unmodified (Clean) | $5.4M | Yes | 2023-11-09 |
| 2022 | Clean | Unmodified (Clean) | $6M | Yes | 2022-12-01 |
| 2021 | Clean | Unmodified (Clean) | $7.2M | Yes | 2021-12-07 |
| 2020 | Clean | Unmodified (Clean) | $7.4M | Yes | 2020-11-10 |
| 2019 | Clean | Unmodified (Clean) | $7.6M | Yes | 2019-11-07 |
| 2018 | Clean | Unmodified (Clean) | $10.4M | Yes | 2018-11-27 |
| 2017 | Clean | Unmodified (Clean) | $11.6M | Yes | 2017-10-30 |
| 2016 | Clean | Unmodified (Clean) | $12.1M | Yes | 2016-12-19 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$10.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$11.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$12.1M
Tax Year 2022 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $34.6M | $9.1M | $38.8M | $359.3M | $354.9M |
| 2022IRS e-File | $34.6M | $9.1M | $38.8M | $359.3M | $354.9M |
| 2021 | $52.8M | $22.3M | $37.1M | $333.8M | $323.8M |
| 2020 | $33.2M | $11.1M | $29.1M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Timothy C Tennent | President | 40 | $314.1K | $0 | $0 | $314.1K |
| Bryan P Blankenship | Vice President & Treasurer | 40 | $153.4K | $0 | $0 | $153.4K |
| Gregg Okesson | Vice President | 40 | $148.2K | $0 | $0 | $148.2K |
| Anna Jackson | Trustee & Secretary | 1 | $0 | $0 | $0 | $0 |
Timothy C Tennent
President
$314.1K
Hrs/Wk
40
Compensation
$314.1K
Related Orgs
$0
Other
$0
Bryan P Blankenship
Vice President & Treasurer
$153.4K
Hrs/Wk
40
Compensation
$153.4K
Related Orgs
$0
Other
$0
Gregg Okesson
Vice President
$148.2K
Hrs/Wk
40
Compensation
$148.2K
Related Orgs
$0
Other
$0
Anna Jackson
Trustee & Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jay Mansur | Vice President | 40 | $194.3K | $0 | $0 | $194.3K |
| Kevin Bish | Vice President | 40 | $152.4K | $0 | $0 | $152.4K |
| Thomas Mccall | Faculty | 40 | $122.8K | $0 | $0 | $122.8K |
| Stephen Stratton | Faculty | 40 | $105.5K | $0 |
Jay Mansur
Vice President
$194.3K
Hrs/Wk
40
Compensation
$194.3K
Related Orgs
$0
Other
$0
Kevin Bish
Vice President
$152.4K
Hrs/Wk
40
Compensation
$152.4K
Related Orgs
$0
Other
$0
Thomas Mccall
Faculty
$122.8K
Hrs/Wk
40
Compensation
$122.8K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Amy Wasserbauer | Trustee | 1 | $0 | $0 | $0 | $0 |
| Andy Hurst | Trustee | 1 | $0 | $0 | $0 | $0 |
| Charles Savage Ii | Trustee | 1 | $0 | $0 | $0 | $0 |
| Dale S Ditto | Trustee | 1 | $0 | $0 | $0 | $0 |
| David Olshine | Trustee | 1 | $0 | $0 | $0 | $0 |
| David R Goodnight | Trustee |
Amy Wasserbauer
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Andy Hurst
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Charles Savage Ii
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $279.6M |
| $269.6M |
| 2019 | $33.4M | $10.3M | $29.3M | $277.2M | $266.6M |
| 2018 | $33.3M | $13.5M | $29.3M | $275.6M | $262.9M |
| 2017 | $24.6M | $10.2M | $28.6M | $270.6M | $254.2M |
| 2016 | $25.6M | $10.7M | $28.9M | $260.3M | $243.5M |
| 2015 | $34.4M | $13M | $26.5M | $273.2M | $256M |
| 2014 | $37.4M | $14.2M | $24.6M | $270M | $252.2M |
| 2013 | $24.1M | $6M | $23.9M | $247.5M | $230.1M |
| 2012 | $52.1M | $34.4M | $24.1M | $250.1M | $231M |
| 2011 | $30.1M | $12.9M | $22.4M | $232.3M | $214.6M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $105.5K |
Stephen Stratton
Faculty
$105.5K
Hrs/Wk
40
Compensation
$105.5K
Related Orgs
$0
Other
$0
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Debra Mckenna Blews | Trustee | 1 | $0 | $0 | $0 | $0 |
| E Dale Locke | Trustee | 1 | $0 | $0 | $0 | $0 |
| Elaine Friedrich | Trustee | 1 | $0 | $0 | $0 | $0 |
| Greg Spillyards | Trustee | 1 | $0 | $0 | $0 | $0 |
| Helen Rhea Stumbo | Trustee | 1 | $0 | $0 | $0 | $0 |
| J Anthony Holifield | Trustee | 1 | $0 | $0 | $0 | $0 |
| James Dunn | Trustee | 1 | $0 | $0 | $0 | $0 |
| James Smith | Trustee | 1 | $0 | $0 | $0 | $0 |
| Jerald W Russell | Trustee | 1 | $0 | $0 | $0 | $0 |
| Jill Brue | Trustee | 1 | $0 | $0 | $0 | $0 |
| Joan Krupa | Trustee | 1 | $0 | $0 | $0 | $0 |
| Joao Carlos Lopes | Trustee | 1 | $0 | $0 | $0 | $0 |
| Joe Kilpatrick | Trustee | 1 | $0 | $0 | $0 | $0 |
| John Mcnairy | Trustee | 1 | $0 | $0 | $0 | $0 |
| Joseph Harris | Trustee | 1 | $0 | $0 | $0 | $0 |
| Karen Thomas | Trustee - Chair | 1 | $0 | $0 | $0 | $0 |
| Kenneth Werlein | Trustee | 1 | $0 | $0 | $0 | $0 |
| Kyle Ray | Trustee | 1 | $0 | $0 | $0 | $0 |
| Linda Adams | Trustee | 1 | $0 | $0 | $0 | $0 |
| Michael W Burkhart | Trustee | 1 | $0 | $0 | $0 | $0 |
| Nancy L Boortz | Trustee | 1 | $0 | $0 | $0 | $0 |
| P Lowell Haines | Trustee | 1 | $0 | $0 | $0 | $0 |
| Paul Baddour | Trustee | 1 | $0 | $0 | $0 | $0 |
| Prabhu Singh | Trustee | 1 | $0 | $0 | $0 | $0 |
| Randall Birdwell | Trustee | 1 | $0 | $0 | $0 | $0 |
| Ricardo Gomez | Trustee | 1 | $0 | $0 | $0 | $0 |
| Rurel Ausley | Trustee | 1 | $0 | $0 | $0 | $0 |
| Scott Lees | Trustee | 1 | $0 | $0 | $0 | $0 |
| Sherree Funk | Trustee | 1 | $0 | $0 | $0 | $0 |
| Stephanie Raglin | Trustee | 1 | $0 | $0 | $0 | $0 |
| Steve Elliott | Trustee | 1 | $0 | $0 | $0 | $0 |
| Steven G W Moore | Trustee | 1 | $0 | $0 | $0 | $0 |
Dale S Ditto
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Olshine
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David R Goodnight
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Debra Mckenna Blews
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
E Dale Locke
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Elaine Friedrich
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Greg Spillyards
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Helen Rhea Stumbo
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
J Anthony Holifield
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
James Dunn
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
James Smith
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jerald W Russell
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jill Brue
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joan Krupa
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joao Carlos Lopes
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joe Kilpatrick
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Mcnairy
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Harris
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karen Thomas
Trustee - Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kenneth Werlein
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kyle Ray
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Linda Adams
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael W Burkhart
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nancy L Boortz
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
P Lowell Haines
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paul Baddour
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Prabhu Singh
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Randall Birdwell
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ricardo Gomez
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rurel Ausley
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Scott Lees
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sherree Funk
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stephanie Raglin
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steve Elliott
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steven G W Moore
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0