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Asbury Theological Seminary

Public charity · Grantmaker Wilmore, KY EIN: 61-0445823 Website

Asbury Theological Seminary is a public charity based in Wilmore, Kentucky, formed in 1931. It prepares students for ministry through graduate-level theological education and also makes grants to churches and church leaders.

Key facts about Asbury Theological Seminary

In short: Asbury Theological Seminary gave $455K across 24 grants in 2025 (avg $19K), top state New York. Source: 2025 IRS Form 990.

EIN
61-0445823
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$455,000
Grants made (2025)
24
Average grant
$18,958
Median grant
$20,000
Total assets
$375,021,059
Primary geography
New York (13% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$375.0M

+3.1% YoY

Annual Giving

$455K

-45.0% YoY

Grant Count

24

+200.0% YoY

Avg Grant Size

$19K

-81.7% YoY

How Asbury Theological Seminary gives

  • 17% of 2025 grantees were also funded in 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The seminary’s stated mission is to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and 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.

Its 2023 grants were identified as church support. The seminary’s website also describes initiatives for developing church leaders and supporting church multiplication. One supported organization, Every Nation Cincinnati Church, described its own mission as engaging people with the gospel, establishing them in faith in Jesus Christ, equipping them for ministry, and empowering them to make disciples.

Grantmaking

In filing year 2025, the seminary reported 24 grants totaling $455,000. Grants ranged from $10,000 to $37,500, with a median of $20,000. Its largest awards were $37,500 each to All Saints Anglican Church Naperville and Catapult, both for church support. Other notable awards included $30,000 each to Alliance Tabernacle Church, Awaken City Church, Christ Our Life Anglican Church, Magnolia Avenue UMC, and Resilience Church.

Review Cycle

for that program were March 1, June 1, September 1, and December 1; these dates are past cycles.

Open Grants

4 open opportunities from Asbury Theological Seminary

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Geographic Focus

Where this funder awards grants

The seminary is based in Wilmore, Kentucky. Its 2025 grants went to recipients in multiple states; the largest reported shares of grant dollars by recipient state were New York (13%), North Carolina (11%), and Ohio, Colorado, and Tennessee (9% each). The Multiplication Fellowship and the seminary–Global Methodist Church grant program described on its website were limited to the United States.

Grant Distribution by State

17states

Share of 2025 grant dollars across all 24 itemized grants.

Cities

KnoxvilleJamaica PlainLittletonRaleighBlacklickBrooklynCincinnatiColorado SpringsConwayDelawareDurhamFlowoodGlen CoveGrayGreenvilleKansas CityMaumelleMeridianNew RochelleNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M0 grants2019 0 grants2020 0 grants2021 0 grants2022 0 grants2023 8 grants2024 24 grants2025

From 2024 to 2025, annual grant giving ranged from $455K (2025) to $827K (2024). In 2025 it made 24 grants totaling $455K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

All Saints Anglican Church Naperville: $38KAll Saints Anglican ChurchNaperville$38KCatapult: $38KCatapult$38KAlliance Tabernacle Church: $30KAlliance Tabernacle Church$30KAwaken City Church: $30KAwaken City Church$30KChrist Our Life Anglican Church: $30KChrist Our Life AnglicanChurch$30KMagnolia Avenue UMC: $30KMagnolia Avenue UMC$30KResilience Church: $30KResilience Church$30KChrist the King Anglican: $20KChrist the King Anglican$20KCornerstone Anglican Church: $20KCornerstone Anglican Church$20KDelaware County Alliance: $20KDelaware County Alliance$20K

The largest 2025 recipient was All Saints Anglican Church Naperville ($38K). Together the top 10 received $285K.

Grant Size Distribution

32 grants across all recorded years

31<$50K$50–100K$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 31 grants of 32 (97%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
All Saints Anglican Church Naperville Wheaton, ILChurch Support$37,500
Catapult Greenville, SCChurch Support$37,500
Alliance Tabernacle Church Brooklyn, NYChurch Support$30,000
Awaken City Church Jamaica Plain, MAChurch Support$30,000
Christ Our Life Anglican Church Raleigh, NCChurch Support$30,000
Magnolia Avenue UMC Knoxville, TNChurch Support$30,000
Resilience Church Littleton, COChurch Support$30,000
Christ the King Anglican Meridian, IDChurch Support$20,000
Cornerstone Anglican Church Durham, NCChurch Support$20,000
Delaware County Alliance Delaware, OHChurch Support$20,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants reported
2025 $375,021,059 $50,655,245 $44,324,886 $455,000 across 24 grants
2024 $363,833,537 $45,282,439 $43,353,684 $827,262 across 8 grants
2023 $359,303,307 $34,624,370 $38,815,722 0 grants
Revenue
Expenses
Net Investment Income
$0$25M$50M$75M$100M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$375,021,059$363,833,537$359,303,307
Revenue$50,655,245$45,282,439$34,624,370
Expenses$44,324,886$43,353,684$38,815,722
Net Investment Income$12,264,745$6,224,090$2,882,121

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
  3. Added Form 990 for fiscal year 2019 (received by the IRS February 13, 2020)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

Officers and directors listed on the 2025 filing include David Gyertson, President; Bryan P. Blankenship, Vice President and Treasurer; Jay Mansur, Kevin Bish, Jay Barnes, and John Ragsdale, Vice Presidents; Timothy Tennent, Emilio Alvarez, and Gregg Okesson, Faculty; and Rurel Ausley, Trustee.

Asbury Theological Seminary is led by David Gyertson, President on the 2025 filing; 9 of 32 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • David Gyertson

    President

    New on the 2025 filing

    40 hrs/week

    $125K (2025)

  • Amy Wasserbauer

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Anna Jackson

    Trustee & Secretary

    Trustee → Trustee & Secretary, 2022

    On filings since 2019

    1 hr/week

    No compensation reported

  • E Dale Locke

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Helen Rhea Stumbo

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Joao Carlos Lopes

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Kenneth Werlein

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Ricardo Gomez

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Rurel Ausley

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Sherree Funk

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Andy Hurst

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Charles Savage II

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kyle Ray

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Prabhu Singh

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • David Olshine

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Elaine Friedrich

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • James Dunn

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Stephanie Raglin

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Greg Spillyards

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jill Brue

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Lyndol Loyd

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Peter Marra

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Robin Lim

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Rodney Adams

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Bryan P Blankenship

    Vice President & Treasurer

    On filings since 2019

    40 hrs/week

    $124K (2019) → $158K (2025)

  • Jay Mansur

    Vice President

    On filings since 2019

    40 hrs/week

    $201K (2019) → $202K (2025)

  • Kevin Bish

    Vice President

    On filings since 2019

    40 hrs/week

    $122K (2019) → $178K (2025)

  • Timothy C Tennent

    Facalty

    President → Facalty, 2025

    On filings since 2019

    40 hrs/week

    $296K (2019) → $247K (2025)

  • Gregg Okesson

    Faculty

    Faculty → Vice President, 2022

    Vice President → Faculty, 2025

    On filings since 2021

    40 hrs/week

    $109K (2021) → $146K (2025)

  • Jay Barnes

    Vice President

    On filings since 2024

    40 hrs/week

    $141K (2024) → $159K (2025)

  • Emilio Alvarez

    Faculty

    New on the 2025 filing

    40 hrs/week

    $148K (2025)

  • John Ragsdale

    Vice President

    New on the 2025 filing

    40 hrs/week

    $145K (2025)

Former officers (36)
  • Former: Dale S Ditto (2019–2024) — Trustee
  • Former: Debra McKenna Blews (2019–2024) — Trustee
  • Former: Karen Thomas (2019–2024) — Trustee - Chair
  • Former: Michael W Burkhart (2019–2024) — Trustee
  • Former: Steven G W Moore (2019–2024) — Trustee
  • Former: Scott Lees (2020–2024) — Trustee
  • Former: Linda Adams (2021–2024) — Trustee
  • Former: Steve Elliott (2021–2024) — Trustee
  • Former: Thomas McCall (2023–2024) — Faculty
  • Former: Tammy Hogan (2024) — Vice President
  • Former: David R Goodnight (2019–2023) — Trustee
  • Former: J Anthony Holifield (2019–2023) — Trustee
  • Former: James Smith (2019–2023) — Trustee
  • Former: Jerald W Russell (2019–2023) — Trustee
  • Former: Joan Krupa (2019–2023) — Trustee
  • Former: Joe Kilpatrick (2019–2023) — Trustee
  • Former: John McNairy (2019–2023) — Trustee
  • Former: Joseph Harris (2019–2023) — Trustee
  • Former: Paul Baddour (2019–2023) — Trustee
  • Former: Randall Birdwell (2019–2023) — Trustee
  • Former: Nancy L Boortz (2020–2023) — Trustee
  • Former: P Lowell Haines (2022–2023) — Trustee
  • Former: Stephen Stratton (2023) — Faculty
  • Former: Kevin Kinghorn (2021–2022) — Faculty
  • Former: Cynthia James (2020–2021) — Trustee
  • Former: Douglas Matthews (2020–2021) — Vice President & Provost
  • Former: Alfred W Gwinn Jr. (2019–2020) — Trustee
  • Former: Gregg Parris (2019–2020) — Trustee
  • Former: Jo Anne Lyon (2019–2020) — Trustee
  • Former: Robert S Landrebe (2019–2020) — Senior Vice President
  • Former: Brian Russell (2019) — Faculty
  • Former: Nancy L Dumas (2019) — Trustee
  • Former: Paul R Ervin Jr. (2019) — Trustee
  • Former: Peggy Kirkpatrick (2019) — Trustee
  • Former: Robert Phillips (2019) — Trustee
  • Former: Sundo Kim (2019) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Timothy Tennent — Facalty: $247KTimothy TennentFacalty$247KJay Mansur — Vice President: $202KJay MansurVice President$202KKevin Bish — Vice President: $178KKevin BishVice President$178KJay Barnes — Vice President: $159KJay BarnesVice President$159KBryan P Blankenship — Vice President & Treasurer: $158KBryan P BlankenshipVice President & Treasurer$158KEmilio Alvarez — Faculty: $148KEmilio AlvarezFaculty$148KGregg Okesson — Faculty: $146KGregg OkessonFaculty$146KJohn Ragsdale — Vice President: $145KJohn RagsdaleVice President$145KDavid Gyertson — President: $125KDavid GyertsonPresident$125K

The highest reported compensation on the 2025 filing was $247K, to Timothy Tennent (Facalty). 9 officers or directors reported compensation on that filing.

Contact

Mailing address: 204 N Lexington Ave, Wilmore, KY 40390-1199
Phone: (859) 858-3581
Website: https://asburyseminary.edu

Frequently asked questions about Asbury Theological Seminary

How much does Asbury Theological Seminary give each year?

Asbury Theological Seminary gave $455K across 24 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $827K across 8 grants.

What is Asbury Theological Seminary's typical grant size?

Asbury Theological Seminary's median grant in 2025 was $20,000, and its average grant was $18,958, across 24 grants on its 2025 IRS Form 990.

Where does Asbury Theological Seminary give grants?

Asbury Theological Seminary's top state is New York, with 13% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were North Carolina (11%) and Ohio (9%). The most frequent recipient cities were Knoxville, TN (2 grants).

Does Asbury Theological Seminary give general operating support?

Not in 2025: none of the 24 grants with a stated purpose on Asbury Theological Seminary's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Church Support" (24 grants).

Who are Asbury Theological Seminary's largest grantees?

Asbury Theological Seminary's largest 2025 grantees include All Saints Anglican Church Naperville ($37,500), Catapult ($37,500) and Alliance Tabernacle Church ($30,000), according to its 2025 IRS Form 990. Together they received 23% of its itemized 2025 grant dollars.

How large is Asbury Theological Seminary?

Asbury Theological Seminary reported $375.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $50.7M.

What does Asbury Theological Seminary fund?

The seminary’s stated mission is to prepare theologically educated, sanctified, Spirit-filled men and women to evangelize and 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. See mission & focus areas ↑

How do I apply for a grant from Asbury Theological Seminary?

Asbury Theological Seminary has no public application process in the sources Grantable reviewed. Check asburyseminary.edu for current guidelines, or contact the foundation directly before submitting a request.

What is Asbury Theological Seminary's EIN?

Asbury Theological Seminary's EIN (Employer Identification Number) is 61-0445823. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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