2018-11-06T09:43:02-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2017-01-01 521862674 ASBURY FOUNDATION INC ASBU 3012504050 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 KIM EHRENFRIED ASSISTANT TREASURER 3012504050 2018-10-25 1 JOHN NORMAN P01506766 4104530900 2018-10-25 67.137.57.251 2018-10-25 12:58:43 ED P 1CC97E19E024F450F17B6EFDB094B1F77DAAE223 B59B1843968544A18F89CBE3DCE446A2629E2608 2017 2019-02-21 02:37:17Z DOUGLAS C MYERS 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 22568562 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. 12 5 0 11 0 0 5386645 7592560 0 0 214405 3331950 2922 12035 5603972 10936545 4059426 5706120 0 0 0 0 0 0 380940 327512 483572 4386938 6189692 1217034 4746853 25929287 28164735 3799426 3625802 22129861 24538933 X SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS. 0 0 5804450 5706120 ASBURY FOUNDATION SUPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURYATLANTIC, INC., ASBURY SOLOMONS, INC., INVERNESS VILLAGE, INC., CALVERTCOUNTY NURSING CENTER, INC., AND ASBURY COMMUNITIES, HCBS, INC. THROUGHITS CHARITABLE FUNDRAISING EFFORTS.ASBURY FOUNDATION RAISES FUNDS TO HELP UNDERWRITE 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. SEE SCHEDULE O. 5804450 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 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 X 12 5 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X ANDREW JEANNERET CFO 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 X DENNIS YOCUM CHAIR 2.00 X X 0 0 0 RICHARD STANG VICE CHAIR 2.00 X X 0 0 0 DIXIE REPPE DIRECTOR 2.00 X 0 0 0 JOHN SCHULZE DIRECTOR 2.00 X 0 0 0 LEONA BACHRACH DIRECTOR 2.00 X 0 0 0 TITA HERSHNER EBERLY DIRECTOR 2.00 X 0 0 0 JONATHAN EBINGER DIRECTOR 2.00 X 0 0 0 BUD EDWARDS DIRECTOR 2.00 X 0 0 0 MARIA ROBERTS DIRECTOR 2.00 X 0 0 0 KATHRYN B GORRELL DIRECTOR 2.00 X 0 0 0 MEARLE GRIFFITH DIRECTOR 2.00 X 0 0 0 JEAN SEIBERT DIRECTOR 2.00 X 0 0 0 TIMOTHY TRISSLER DIRECTOR 2.00 X 0 0 0 DENNIS YOCUM DIRECTOR 2.00 X 0 0 0 MARY ANN MOREFIELD DIRECTOR 2.00 X 0 0 0 AURORA SEVILLA DIRECTOR 2.00 X 0 0 0 DOUGLAS C MYERS PRESIDENT/DIRECTOR 60.00 X X 0 277255 25329 PEGGY CRESPI KAPLAN SECRETARY 1.00 60.00 X 0 368404 22065 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 1.00 62.00 X 0 261634 24310 KIM EHRENFRIED ASST. TREASURER 1.00 62.00 X 0 215445 24552 RHONDA TERANTO ASST. TREASURER 1.00 61.00 X 0 237315 22214 JD SHUMAN ASST. SECRETARY-END 8/31/17 60.00 X 0 141284 17545 ANDREW JEANNERNET TREASURER 1.00 61.00 X 0 265960 7687 0 1767297 143702 0 0 1 0 0 349500 7243060 213927 7592560 390044 390044 14503761 11561192 663 2942569 -663 2941906 2941906 67258 349500 70162 -2904 -2904 OTHER OPERATING REVENUE 623312 14939 14939 14939 10936545 0 0 3343985 5637362 5637362 68758 68758 1053 1053 278 278 2971 2971 2700 2700 1072 1072 22855 22855 271 271 315 315 10512 10512 9440 9440 944 944 TEMPORARY RESTRICTION E 308110 308110 SPECIAL PROGRAMS 98330 98330 BAD DEBT 5493 5493 19228 19228 6189692 5804450 4302 380940 141789 114190 628725 512131 7593 451 105102 72042 40150 33060 17709226 20454345 7401804 7050558 25929287 28164735 3799426 3625802 3799426 3625802 X 150000 150000 2627783 4076312 19352078 20312621 22129861 24538933 25929287 28164735 X 4746853 -1256554 -1081227 X X 0 1 X 1 0 X 8127031 4362353 3337099 5386645 5924102 27137230 8127031 4362353 3337099 5386645 5924102 27137230 3584302 23552928 312942 404880 442594 295778 390044 1846238 15850 17228 16133 14507 14939 78657 29062125 87164 0.81040 0.83690 X 27063424 1174168 -254341 27983251 26841647 305318 -83541 27063424 26152449 764262 -75064 26841647 25253185 811412 87852 26152449 23933559 1471653 -152028 25253185 1.00000 0 0 41461 27526 13935 63641 44516 19125 33060 DUE FROM ACOMM 3222725 FUNDS HELD IN TRUST 1917115 PLEDGES RECEIVABLE 1910718 7050558 X 8668926 -1256554 -1011065 -2267619 10936545 0 10936545 6259854 70162 70162 6189692 0 6189692 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 FOR ALL ITS SUPPORTED ORGANIZATIONS, INCLUDING THE COMPANY. THIS INCLUDES AN INDEPENDENT REVIEW BY THE BOARD'S COMPENSATION COMMITTEE OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS AND OUTSIDE COMPENSATION CONSULTANTS TO PROVIDE INDEPENDENT THIRD-PARTY REVIEW AND ADVISEMENT, AND THE IMPLEMENTATION OF A DETAILED CONFLICT-OF-INTEREST POLICY AND ANNUAL DISCLOSURE PROCESS FOR ALL DISQUALIFIED PERSONS. THE COMPENSATION COMMITTEE ALSO HIRES OUTSIDE COUNSEL TO ADVISE THE COMPANY ON COMPLIANCE. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION -800,344. CHANGE IN VALUE-CHARITABLE GIFT ANNUITY -213,625. FUNDRAISING LOSS 2,904. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 70,162. CARING CLASSIC GOLF TOURNAMENT 206650 172140 34510 1200 11089 15664 3200 16502 INVERNESS SPRING FLING 113797 95212 18585 5856 5400 4 96311 82148 14163 200 1313 5425 4313 416758 349500 67258 1400 11089 22833 8625 26215 70162 -2904 0 ASBURY ATLANTIC INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 501(C)(3) 4672054 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. INVERNESS VILLAGE 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 731539802 501(C)(3) 492044 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. ASBURY COMMUNITIES HCBS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 450634490 501(C)(3) 9020 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. CALVERT COUNTY NURSING CENTER INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520890928 501(C)(3) 19017 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. ASBURY SOLOMONS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862675 501(C)(3) 445227 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. AMV KEESE DINING SCHOLARSHIP 23 34500 ASBURY SOLOMONS NURSING SCHOLARSHIP 6 20500 BETHANY VILLAGE NURSING SCHOLARSHIP 7 7345 INVERNESS VILLAGE NURSING SCHOLARSHIP 5 1763 SPRINGHILL NURSING SCHOLARSHIP 1 4650 X X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS C MYERS PRESIDENT/DIRECTOR 0 255668 0 20314 0 1273 0 10600 0 14729 0 302584 0 0 PEGGY CRESPI KAPLAN SECRETARY 0 334915 0 25316 0 8173 0 10600 0 11465 0 390469 0 0 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 0 244738 0 15750 0 1146 0 10600 0 13710 0 285944 0 0 KIM EHRENFRIED ASST. TREASURER 0 199770 0 15032 0 643 0 9323 0 15229 0 239997 0 0 RHONDA TERANTO ASST. TREASURER 0 217078 0 18410 0 1827 0 9922 0 12292 0 259529 0 0 JD SHUMAN ASST. SECRETARY-END 8/31/17 0 140939 0 125 0 220 0 7018 0 10527 0 158829 0 0 ANDREW JEANNERNET TREASURER 0 215133 0 50000 0 827 0 0 0 7687 0 273647 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL DISQUALIFIED PERSONS IS REVIEWED AND RECOMMENDED TO THE BOARD OF ASBURY COMMUNITIES, INC. BY THE COMPENSATION COMMITTEE OF THE BOARD. X 5 213927 FMV 0 0 0 FORM 990, PART III, LINE 4A, PROGRAM SERVICE DESCRIPTION THE BENEVOLENT CARE PROGRAM ENABLES SENIORS IN NEED OF FINANCIAL SUPPORT TO LIVE WITH PEACE OF MIND THAT THEIR HOUSING, SERVICE, AND HEALTH CARE NEEDS ARE MET. IN 2017, ASBURY FOUNDATION PROVIDED $2,996,620 IN BENEVOLENT CARE ASSISTANCE TO RESIDENTS IN THE ASBURY COMMUNITIES, INC. SYSTEM. ADDITIONALLY, $8,047,500 WAS PROVIDED IN UNREIMBURSED SERVICES TO THOSE SERVED IN SKILLED NURSING. THE FOUNDATION RAISED $3,791,249 IN 2017 TO OFFSET THE COST OF BENEVOLENT CARE AND UNREIMBURSED SERVICES PROVIDED TO RESIDENTS IN NEED. ENDOWMENT FUNDS IN THE ASBURY SYSTEM PROVIDED AN ADDITIONAL $2,090,272 IN ASSISTANCE. ASBURY FOUNDATION CONDUCTS CAPITAL CAMPAIGNS FOR RENOVATIONS OF BUILDINGS WHERE RESIDENT SERVICES ARE PROVIDED. IN 2017, ASBURY FOUNDATION RELEASED FROM RESTRICTION $800,344 IN CAPITAL SUPPORT TO HELP FUND SEVERAL RESIDENT LIFE PROJECTS. AT BETHANY VILLAGE, FUNDS WERE SECURED AND RELEASED TO BUILD THE RICHARD D. RIFE COMMUNITY CENTER. THE COMMUNITY CENTER SERVES AS A CENTRAL HUB TO SUPPORT WELLNESS PROGRAMMING AT BETHANY VILLAGE, A CONTINUING CARE RETIREMENT COMMUNITY IN MECHANICSBURG, PA SERVING 700 OLDER ADULTS, AND THE RESIDENTS OF BETHANY TOWERS, A HUD LOW INCOME HOUSING FACILITY FOR SENIORS LOCATED AT THE ENTRY TO BETHANY VILLAGE. THE COMMUNITY CENTER IS OPEN FOR USE BY COMMUNITY GROUPS IN CENTRAL PENNSYLVANIA. THE FOUNDATION HAS ALSO UNDERTAKEN A CAPITAL CAMPAIGN AT SPRINGHILL, A CCRC LOCATED IN ERIE, PA. THE CAMPAIGN IS SECURING SUPPORT FOR A THERAPEUTIC AQUATIC THERAPY CENTER TO SUPPORT WELLNESS FOR THE SENIORS SERVED AT SPRINGHILL. ADDITIONALLY, AN OUTDOOR RECREATION CENTER WILL BE FUNDED BY THE CAMPAIGN. AT INVERNESS VILLAGE IN TULSA, OKLAHOMA, THE COMPASSIONATE CARING CAMPAIGN WAS CONDUCTED TO ENHANCE RESIDENT CENTERED CARE IN ASSISTED LIVING AND SKILLED NURSING. IN 2017, ASBURY FOUNDATION AWARDED $52,300 FOR SCHOLARSHIPS FOR 42 ASBURY ASSOCIATES. THE PRIMARY AREA OF SUPPORT WAS FOR ASSOCIATES PURSUING CAREERS IN HEALTH CARE. THESE SCHOLARSHIPS HELP ASBURY MEET 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 7B ONLY CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO ASBURY COMMUNITIES INC.'S APPROVAL. THESE DECISIONS INCLUDE: (1) MANAGEMENT SERVICES RELATIONSHIPS AND CONTRACTS; (2) ANY ORGANIZATIONAL CHANGE IN GENERAL, INCLUDING MERGERS, SALES, LEASES, ETC. OF SUBSTANTIALLY ALL OF THE ASSETS AND THE CREATION OF NEW ENTITIES; (3) AMENDMENTS TO MISSION OR VISION STATEMENTS (4) AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC. IS THE SOLE MEMBER OF ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION,CALVERT COUNTY NURSING CENTER, INC., ASBURY, INC., BETHANY DEVELOPMENT CORPORATION, AND ASBURY HCBS, INC. ASBURY COMMUNITIES, INC. HAS A SYSTEM WIDE AUDIT AND COMPLIANCE COMMITTEE. THE ASBURY COMMUNITIES, INC. BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT AND COMPLIANCE COMMITTEE WHICH PERFORMED THEIR REVIEW ON 9/27/18. THE ASBURY COMMUNITIES, INC., FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, CALVERT COUNTY NURSING CENTER, ASBURY COMMUNITIES HCBS, ASBURY, INC., BETHANY DEVELOPMENT CORPORATION, AND INVERNESS VILLAGE BOARD OF DIRECTORS WERE FORWARDED A COPY OF THEIR RESPECTIVE DRAFT FORM 990 FOR THEIR REVIEW AND PROVIDED A LINK TO A RECORDING OF THE AUDIT 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 AUDIT 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 AUDIT AND COMPLIANCE COMMITTEE AND REPORTS QUARTERLY TO THE AUDIT AND COMPLIANCE COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE AUDIT AND COMPLIANCE COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2017. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES INVOLVING A BOARD OR COMMITTEE MEMBER, THE AUDIT AND COMPLIANCE COMMITTEE IS INFORMED AND WILL FOLLOW SPECIFIC PROTOCAL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS WITH THE INDEPENDENT COMPENSATION CONSULTANT, AND BASED ON INFORMATION PROVIDED TO THE COMMITTEE MAKES RECOMMENDATIONS REGARDING COMPENSATION AND BENEFITS TO THE EXECUTIVE COMMITTEE WHICH IS CHARGED BY THE FULL BOARD WITH DECISIONS REGARDING COMPENSATION. THE INDEPENDENT COMPENSATION CONSULTANTS AND ATTORNEY ARE ALSO PRESENT AT THE MEETING OF THE EXECUTIVE COMMITTEE AT WHICH THE EXECUTIVE COMMITTEE CONSIDERS THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. AT THIS MEETING THE EXECUTIVE COMMITTEE RECEIVES ALL OF THE SAME INFORMATION WHICH WAS PRESENTED TO THE COMPENSATION COMMITTEE AND HAS THE OPPORTUNITY TO ASK QUESTIONS AND EVALUATE THE MATERIALS. THE FULL BOARD(S) OF ASBURY COMMUNITIES HAS A PRESENTATION ONCE A YEAR ON EXECUTIVE COMPENSATION AND BENEFITS. THE PRESIDENT IS PRESENT TO GIVE BOARD MEMBERS AN OPPORTUNITY TO ASK QUESTIONS AND TO PROVIDE SALARIES AND GRADE LEVELS FOR THEIR REVIEW. THE SYSTEM WIDE COMPENSATION COMMITTEE IS COMPOSED OF 5 VOTING MEMBERS, THE VICE-PRESIDENT OF HUMAN RESOURCES (NON-VOTING), A RETAINED ATTORNEY (NON-VOTING; RECORDS PROCEEDINGS IN MINUTES), AND IS ADVISED BY SULLIVAN COTTER (A COMPENSATION CONSULTING FIRM). THE COMPENSATION COMMITTEE HAS DEVELOPED AND USES A COMPENSATION PHILOSOPHY DOCUMENT WHICH ESTABLISHES GUIDELINES FOR COMPENSATION AND IDENTIFIES COMPARABLE DATA. THE COMMITTEE HOLDS A MINIMUM OF 4 MEETINGS EACH YEAR. AT THE FALL MEETING THEY REVIEW SULLIVAN COTTER DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. THE BOARD OF DIRECTORS ULTIMATELY REVIEWS/APPROVES/ AND OR ADJUSTS RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE AND SETS COMPENSATION. THE PROCESS WAS LAST REVIEWED IN 2017. 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 2017 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $248.9 AND MILLION AND TOTAL ASSETS IN EXCESS OF $660 MILLION. FORM 990, PART VII, SECTION A BEGINNING WITH YEAR 2014, FOUNDATION ASSOCIATE SALARIES AND BENEFITS, WHICH WERE PREVIOUSLY REPORTED ON THE ASBURY FOUNDATION IRS FORM 990, WILL BE REPORTED BY THE ASBURY ENTITY WHERE THEY DEDICATED THEIR TIME. ASBURY FOUNDATION SUPPORTS THE MISSION OF THE NON PROFIT ENTITIES WITHIN THE ASBURY SYSTEM. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF GIFT ANNUITIES -213,625. RELEASED OF RESTRICTION -800,344. FUNDRAISING EXPENSES -70,162. FUNDRAISING LOSS 2,904. 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 SOLOMONS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862675 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 INVERNESS VILLAGE 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 731539802 HOUSING AND HEALTHCARE FOR OLDER ADULTS OK 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 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 CALVERT COUNTY NURSING CENTER INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520890928 HOUSING AND HEALTHCARE 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 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 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0