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Kentucky · Nonprofit

ASBURY THEOLOGICAL SEMINARY

ASBURY THEOLOGICAL SEMINARY (Kentucky) receives grants from 87 organizations whose IRS filings report $44,886,577 to it, the largest being BILL AND CAROL LATIMER CHARITABLE FOUNDATION ($15,857,045). 61 of them have funded it in more than one year.

$51M
Revenue FY2025
87
Funders on record
$45M
Grants received
$370M
Net assets
61/87 repeat funderspeak grant-dependency 30%

Against its field

ASBURY THEOLOGICAL SEMINARY runs a healthier operating margin than half of the 3,681 education nonprofits its size.

Operating margin12% · above the median
Months of reserve1.1mo · bottom quartile
Revenue growth (annualized)9% · above the median

this organization peer median middle 50% of peers· 3,681 education nonprofits $10M–$100M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

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.

100 = 20172017 Revenue 100 ($25M) Expenses 100 ($29M) Net assets 100 ($254M)2018 Revenue 135 ($33M) Expenses 103 ($29M) Net assets 103 ($263M)2019 Revenue 136 ($33M) Expenses 103 ($29M) Net assets 105 ($267M)2020 Revenue 135 ($33M) Expenses 102 ($29M) Net assets 106 ($270M)2021 Revenue 215 ($53M) Expenses 130 ($37M) Net assets 127 ($324M)2022 Revenue 317 ($78M) Expenses 138 ($39M) Net assets 141 ($358M)2023 Revenue 141 ($35M) Expenses 136 ($39M) Net assets 140 ($355M)2024 Revenue 184 ($45M) Expenses 152 ($43M) Net assets 141 ($359M)2025 Revenue 206 ($51M) Expenses 155 ($44M) Net assets 146 ($370M)
'17'18'19'20'21'22'23'24'25
Revenue (206)Expenses (155)Net assets (146)Peer revenue range

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

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).

This organization
Typical peer · 4,261 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$4.0M
17
$3.9M
18
$4.1M
19
$4.0M
20
$16M
21
$38M
22
$4.2M
23
$1.9M
24
$6.3M
25
1.1
months of
reserve
02Who funds it

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 87 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 87 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

35%
largest funder
56%
top three
~6
effective funders

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; 70% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

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 26 states in all.

MT
IL
WI
MI
NY
NV
WY
IA
IN
PA
NJ
CA
MO
KY
MD
DE
AR
TN
NC
SC
DC
OK
MS
GA
TX
FL

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Kentucky out of state home

Funder states come from each funder’s own filing. $6.4M arriving through sponsors registered in 16 statesis 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.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 87 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like ASBURY THEOLOGICAL SEMINARY

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 14%Fundraising 3%

Governance

23
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

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.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. 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 87 organizations whose IRS filings report $44,886,577 to it, the largest being BILL AND CAROL LATIMER CHARITABLE FOUNDATION ($15,857,045). 61 of them have funded it in more than one year.
How many funders does ASBURY THEOLOGICAL SEMINARY have?
IRS filings report 87 organizations giving $44,886,577 in grants to ASBURY THEOLOGICAL SEMINARY, 61 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 87funders 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 August 27, 2026. What this page cannot tell you · view filing