Kentucky · Nonprofit
ASBURY THEOLOGICAL SEMINARY
ASBURY THEOLOGICAL SEMINARY (Kentucky) receives grants from 88 organizations whose IRS filings report $45,021,835 to it, the largest being BILL AND CAROL LATIMER CHARITABLE FOUNDATION ($15,857,045). 63 of them have funded it in more than one year.
- Revenue FY2025
- $51M
- Funders on record
- 88
- Grants received
- $45M
- Net assets
- $370M
What Asbury Theological Seminary does
Mission
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.
As stated on its FY2025 Form 990.
Programs
Asbury Theological Seminary enrolled over 1,800 students from 45 states and 43 countries through programs on its Wilmore, KY campus, its Orlando, FL , Tampa, FL, Memphis, TN, Tulsa, OK extension sites, and its online extended learning program. Degree programs are offered in master of arts, master of divinity, master of theology, doctor of ministry, doctor of missiology, and doctor of philosophy. Students come to the Seminary from 92 different denominations and churches. The top sending groups include the United Methodist, Nondenominational, Baptist, Assemblies of God, Salvation Army, Free Methodist, Nazarene, Anglican Church, African Methodist Episcopal, Christian Church, Wesleyan Church and Christian Missionary Alliance.
$36,807,743 spentof which $11,963,529 as grants$24,603,494 earned by the program100% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $36,807,743.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $280M to $334M (+19%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 1% · 2021 0% · 2022 0% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
27% of ASBURY THEOLOGICAL SEMINARY’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 27 funders to 47 funders, grant income rose $4.5M → $10M.
26 of 88 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 14% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $7.0M from one payer (the payer shares this organization's board, largest Asbury Foundation for Theological Education Inc). These are real filings, and they are not money ASBURY THEOLOGICAL SEMINARY raised.
From the IRS filings of ASBURY THEOLOGICAL SEMINARY’s funders (the co-funder graph). Top 30 of 88 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ASBURY THEOLOGICAL SEMINARY has a broad base — no single funder exceeds 35% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
Largest funder’s share by year: 2017 29% · 2018 49% · 2019 47% · 2020 47% · 2021 32% · 2022 57% · 2023 44% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
53% of ASBURY THEOLOGICAL SEMINARY's funders are still giving 3 years after their first grant; 72% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
ASBURY THEOLOGICAL SEMINARY draws 99% of its grant income from funders outside Kentucky, across 24 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $6.4M arriving through sponsors registered in 17 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ASBURY THEOLOGICAL SEMINARY runs a healthier operating margin than half of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like ASBURY THEOLOGICAL SEMINARY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 2 related entities
- Asbury Foundation for Theological Education Inc · exempt
- Seedbed Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ASBURY THEOLOGICAL SEMINARY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ASBURY THEOLOGICAL SEMINARY?
- ASBURY THEOLOGICAL SEMINARY (Kentucky) receives grants from 88 organizations whose IRS filings report $45,021,835 to it, the largest being BILL AND CAROL LATIMER CHARITABLE FOUNDATION ($15,857,045). 63 of them have funded it in more than one year.
- How many funders does ASBURY THEOLOGICAL SEMINARY have?
- IRS filings report 88 organizations giving $45,021,835 in grants to ASBURY THEOLOGICAL SEMINARY, 63 of which have funded it in more than one year.
- Who is the largest funder of ASBURY THEOLOGICAL SEMINARY?
- BILL AND CAROL LATIMER CHARITABLE FOUNDATION is the largest funder on record, with $15,857,045 in grants. The full list of funders is on this page.
- How can an organization like ASBURY THEOLOGICAL SEMINARY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 88 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing