2021-11-04T16:22:44-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2020-01-01 521862674 ASBURY FOUNDATION INC ASBU 3012502100 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 ANDREW JEANNERET TREASURER 3012502100 2021-11-03 1 ANDREW JEANNERET 999009999 JOHN NORMAN P01506766 7049985200 2021-11-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JD SHUMAN 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 50378928 0 X WWW.THEASBURYFOUNDATION.ORG X 1994 MD SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS. 8 6 0 8 0 0 4638825 5886777 0 0 275810 6079200 -34022 -33831 4880613 11932146 6571164 7475548 0 0 0 0 0 0 779195 708749 907795 7279913 8383343 -2399300 3548803 31762444 39397235 5218350 14911738 26544094 24485497 X SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS. 0 0 7588053 7475548 0 ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY, INC., AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS TO HELP SUPPORT THE BENEVOLENT CARE PROGRAM FOR THE CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) OWNED AND OPERATED BY THE SUPPORTED ENTITIES AND HOME CARE SERVICES WITHIN THE ASBURY COMMUNITIES, INC. SYSTEM. THE BENEVOLENT CARE AND OTHER PROGRAMS THAT ENHANCE THE LIVES OF ASBURY RESIDENTS AND ASSOCIATES PROVIDE CONFIDENTIAL FINANCIAL ASSISTANCE TO SENIORS BEING SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR RESOURCES. SEE SCHEDULE O. 7588053 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 6 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ANDREW JEANNERET CFO 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 X RICHARD STANG CHAIR 2.00 0.00 X X 0 0 0 COREY BASEHORE DIRECTOR 2.00 0.00 X 0 0 0 BUD EDWARDS DIRECTOR 2.00 0.00 X 0 0 0 MARY ANNE MOREFIELD DIRECTOR 2.00 0.00 X 0 0 0 CAROLYN STAMATAKIS DIRECTOR 2.00 0.00 X 0 11250 0 DONALD TIM TRISSLER DIRECTOR 2.00 0.00 X 0 0 0 RICHARD DICK VERT DIRECTOR 2.00 0.00 X 0 0 0 AURORA SEVILLA DIRECTOR (TERM'D FEB 2020) 2.00 0.00 X 0 0 0 JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 60.00 0.00 X X 0 285226 23793 ANDREW JOSEPH SECRETARY 1.00 59.00 X 0 329051 26344 ANDREW JEANNERET TREASURER 1.00 59.00 X 0 458171 26341 0 1083698 76478 0 0 1 0 MARTS & LUNDY 160 CHUBB AVENUE SUITE 303 LYNDHURST NJ 07071 CONSULTING 102842 1 287300 5599477 1168463 5886777 943104 943104 43549047 38412951 5136096 5136096 5136096 0 287300 33831 -33831 -33831 11932146 0 0 6045369 7408848 7408848 66700 66700 1721 1721 12076 12076 2298 2298 10383 10383 10174 10174 15830 15830 7280 7280 9216 9216 9534 9534 8191 8191 701 701 TEMP RESTRICTION EXP. 609669 609669 SPECIAL PROGRAMS 112505 112505 CONSULTING 104493 104493 BAD DEBT RECOVERY -14890 -14890 8614 8614 8383343 7588053 16095 779195 53007 397616 482006 506249 247 40639 103154 93779 17567 9375 26806373 32639356 4403244 5804000 31762444 39397235 3403 3410343 3728563 1808007 11179772 5218350 14911738 X 26544094 24485497 26544094 24485497 31762444 39397235 X 3548803 -2112457 -3494943 X X 0 1 X 1 0 X 5386645 7592560 7208666 4638825 5886777 30713473 5386645 7592560 7208666 4638825 5886777 30713473 2699298 28014175 295778 390044 495683 747820 943104 2872429 14507 14939 125 29571 33615473 0.83340 0.82290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30089473 6876182 -532351 36433304 29680552 720068 -311147 30089473 27983251 1987478 -290177 29680552 27063424 1174168 -254341 27983251 26841647 305318 -83541 27063424 1.00000 0 1 1 41461 39964 1497 61693 53815 7878 9375 FUNDS HELD IN TRUST 1897957 PLEDGES RECEIVABLE 3906043 5804000 DUE TO ACOMM 11179772 11179772 X PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART X, LINE 2: ASBURY FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC); ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED AS THERE ARE NO UNRELATED TRADES OR BUSINESSES. THE COMPANY HAS IMPLEMENTED PROCESSES TO ENSURE COMPLIANCE WITH THE INTERNAL REVENUE SERVICE INTERMEDIATE SANCTIONS PROVISIONS. THIS INCLUDES AN INDEPENDENT REVIEW BY THE FOUNDATION BOARD EXECUTIVE COMMITTEE OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS AND THE IMPLEMENTATION OF A DETAILED CONFLICT-OF-INTEREST POLICY AND ANNUAL DISCLOSURE PROCESS FOR ALL DISQUALIFIED PERSONS. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MUST BE RECOGNIZED ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE RESOLUTION. THE COMPANY'S REASSESSMENT OF ITS TAX POSITIONS DID NOT HAVE A MATERIAL IMPACT ON THE COMPANY'S RESULTS OF OPERATIONS OR FINANCIAL POSITION. THE COMPANY'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE COMPANY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. CARING CLASSIC GOLF TOURNAMENT 188350 188350 0 1150 9744 7623 3200 8690 MUSIC FOR THE MISSION 50850 50850 0 0 0 550 0 2013 1 48100 48100 0 0 0 52 17 792 287300 287300 1150 9744 8225 3217 11495 33831 -33831 0 ASBURY ATLANTIC INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 501(C)(3) 7357527 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. ASBURY COMMUNITIES HCBS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 450634490 501(C)(3) 1650 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. ASBURY INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 620630670 501(C)(3) 49671 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. AMV KEESE DINING SCHOLARSHIP 7 28200 ASBURY SOLOMONS NURSING SCHOLARSHIP 6 16500 BETHANY VILLAGE NURSING SCHOLARSHIP 6 6000 AMV NURSING SCHOLARSHIP 1 16000 X X X 0 0 0 0 0 0 0 0 0 ANDREW JEANNERET TREASURER 0 353529 0 102971 0 1671 0 14250 0 12091 0 484512 0 0 ANDREW JOSEPH SECRETARY 0 278802 0 49566 0 683 0 13502 0 12842 0 355395 0 0 JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 0 284924 0 0 0 302 0 11479 0 12314 0 309019 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL PERSONS DEEMED POTENTIALLY DISQUALIFIED IS REVIEWED AND RECOMMENDED TO THE FOUNDATION BOARD. X 15 1168463 FMV 0 0 0 PART I, COLUMN (B): 15 IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 4A, PROGRAM SERVICE DESCRIPTION ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS TO HELP SUPPORT THE BENEVOLENT CARE PROGRAM FOR THE CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) OWNED AND OPERATED BY THE SUPPORTED ENTITIES AND HOME CARE SERVICES WITHIN THE ASBURY COMMUNITIES INC., SYSTEM. THE BENEVOLENT CARE PROGRAM PROVIDES CONFIDENTIAL FINANCIAL ASSISTANCE TO SENIORS BEING SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR RESOURCES. THE BENEVOLENT CARE PROGRAM ENABLES SENIORS IN NEED OF FINANCIAL SUPPORT TO LIVE WITH PEACE OF MIND THAT THEY WILL NOT BE DISCHARGED FROM AN ASBURY COMMUNITY IF THEY OUTLIVE THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN. IN 2020, ASBURY FOUNDATION PROVIDED $3,797,527 IN BENEVOLENT CARE ASSISTANCE TO RESIDENTS IN THE ASBURY COMMUNITIES, INC. SYSTEM. ADDITIONALLY, $11,542,136 WAS PROVIDED IN UNREIMBURSED SERVICES TO THOSE SERVED IN SKILLED NURSING. THE FOUNDATION RAISED $4,582,919 IN 2020 TO OFFSET THE COST OF BENEVOLENT CARE AND UNREIMBURSED SERVICES PROVIDED TO RESIDENTS IN NEED. ASBURY FOUNDATION CONDUCTS CAPITAL CAMPAIGNS FOR RENOVATIONS OF BUILDINGS WHERE RESIDENT SERVICES ARE PROVIDED. IN 2020, ASBURY FOUNDATION RELEASED FROM RESTRICTION $ 2,148,398 IN SUPPORT TO HELP FUND SEVERAL PROJECTS. OF THIS TOTAL, APPROXIMATELY $2,026,534 RELATES TO PHASE II RENOVATION AND ADDITION OF A BISTRO AND PUB. $83,864 RELATES TO VARIOUS PROJECTS AT ASBURY METHODIST VILLAGE INCLUDING PET ACTIVITY AND WELLNESS (PAWS), AND IMPROVEMENTS TO EBINGER CHAPEL. APPROXIMATELY $38,000 WAS UTILIZED FOR CAPITAL RENOVATIONS AT ASBURY SOLOMONS, INCLUDING A LABYRINTH PROJECT AND THE ADDITION OF AN ELECTRIC VEHICLE CHARGING STATION. IN 2020, ASBURY FOUNDATION AWARDED $38,500.00 FOR SCHOLARSHIPS FOR 19 ASBURY ASSOCIATES. THE PRIMARY AREA OF SUPPORT WAS FOR ASSOCIATES PURSUING CAREERS IN HEALTH CARE. THESE SCHOLARSHIPS HELP ADDRESS A NATIONAL SHORTAGE IN QUALIFIED APPLICANTS FOR CAREERS IN HEALTH CARE. THE SCHOLARSHIPS EASE THE FINANCIAL BURDEN WORKING INDIVIDUALS FACE IN SPECIALIZED DEGREES OFTEN WHILE SUPPORTING FAMILIES. SCHOLARSHIPS ARE ALSO AWARDED TO ASSOCIATES PURSUING CAREERS OUTSIDE OF HEALTH CARE. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CAN ACT IN PLACE OF THE BOARD BETWEEN MEETINGS. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF ASBURY FOUNDATION, INC. IS ASBURY COMMUNITIES, INC., A NON-PROFIT, NON-STOCK, MARYLAND CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC. , THE SOLE MEMBER OF ASBURY FOUNDATION, INC., DELEGATES REVIEW OF THE FORM 990 TO ITS GOVERNANCE AND COMPLIANCE COMMITTEE WHICH PERFORMED ITS REVIEW ON 10/20/21. ADDITIONALLY, ASBURY COMMUNITIES, INC. BOARD OF DIRECTORS WAS FORWARDED A COPY OF THE DRAFT 990 FOR REVIEW AND WAS PROVIDED A LINK TO A RECORDING OF THE GOVERNANCE AND COMPLIANCE COMMITTEE MEETING IF MEMBERS CHOSE TO LISTEN TO THE MEETINGS AS THEY REVIEWED ANY OF THE FORM 990S. ALL DIRECTORS MAY POSE QUESTIONS OR ASK FOR CLARIFICATION FROM STAFF AND GOVERNANCE AND COMPLIANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE COMPLIANCE OFFICER IS RESPONSIBLE FOR THE POLICY AND OVERSEES THE IMPLEMENTATION OF THE PROCESS. ALL THE ENTITIES WITHIN THE ASBURY COMMUNITIES SYSTEM ARE SUBJECT TO THE POLICY. ANNUALLY, THE COMPLIANCE OFFICER CONDUCTS A COMPREHENSIVE CONFLICT DISCLOSURE PROCESS COVERING ALL MEMBERS OF THE GOVERNING BOARDS, SYSTEM WIDE COMMITTEES, AND INDIVIDUALS IN MANAGEMENT POSITIONS. EACH PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAD A DIRECT REPORTING LINE TO THE CHAIR OF THE GOVERNANCE AND COMPLIANCE COMMITTEE AND REPORTS QUARTERLY TO THE GOVERNANCE AND COMPLIANCE COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE GOVERNANCE AND COMPLIANCE COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2020. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES INVOLVING A BOARD OR COMMITTEE MEMBER, THE GOVERNANCE AND COMPLIANCE COMMITTEE IS INFORMED AND WILL FOLLOW SPECIFIC PROTOCOL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION BOARD EXECUTIVE COMMITTEE REVIEWS THE ORGANIZATION'S PROGRESS TOWARDS KEY PERFORMANCE INDICATORS SELECTED FOR INCENTIVIZING PERFORMANCE OF DISQUALIFIED PERSONS THROUGH A PERFORMANCE BASED-COMPENSATION PROGRAM. ON AN ANNUAL BASIS, THE FOUNDATION BOARD EXECUTIVE COMMITTEE SPECIFICALLY REVIEWS THE COMPENSATION AND BENEFITS OF THE CEO USING THE DATA GATHERED BY STAFF IN ORDER TO SUPPORT THEIR DECISION MAKING PROCESS REGARDING THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE WEBSITE. GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A THE OFFICERS THAT HAVE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART VII, SECTION A, COLUMN E OF THE FORM 990 PROVIDE EXECUTIVE MANAGEMENT SUPPORT AND OVERALL GUIDANCE TO ASBURY FOUNDATION, INC. AS WELL AS THE OTHER RELATED AND SUPPORTED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 2,500 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2020 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $297 MILLION AND TOTAL ASSETS IN EXCESS OF $680 MILLION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DEFERRED GIVING ARRANGEMENTS -498,395. NET ASSETS RELEASED FROM RESTRICTION FOR PURCHASE OF CAPITAL ITEMS -3,030,379. FUNDRAISING LOSS 33,831. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR. ASBURY ATLANTIC INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862677 MANAGEMENT SERVICES MD 501(C)(3) LINE 12C, III-FI 0 AFFILIATED ASSOCIATES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 510426078 EMPLOYEE PAYMASTER COMPANY MD 501(C)(3) LINE 12C, III-FI ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES HCBS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 450634490 HOME CARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 620630670 HOUSING AND HEALTHCARE FOR OLDER ADULTS TN 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 BETHANY DEVELOPMENT CORPORATION 335 WESLEY DRIVE MECHANICSBURG PA 17055 232078064 HOUSING FOR OLDER ADULTS PA 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ALBRIGHT CARE SERVICES 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 231887138 HOUSING, HEALTHCARE, AND AT-HOME SERVICES FOR OLDER ADULTS PA 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 WARRIOR RUN MANOR 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 232137458 HOUSING FOR OLDER ADULTS PA 501(C)(3) LINE 10 ALBRIGHT CARE SERVICES 0 FOREST RIDGE MANOR 910 WILDER CHAPEL LANE MARYVILLE TN 37804 201885811 HOUSING FOR OLDER ADULTS TN 501(C)(3) LINE 12A, I ASBURY INC 0 THE ASBURY GROUP INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 205038820 MANAGEMENT SERVICES DE C 0 THE ASBURY GROUP INTEGRATED TECHNOLOGIES LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 262896175 INFOR & CNSLT SVCS DE C 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0