ASBURY FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ASBURY FOUNDATION INC (EIN 52-1862674)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-12
IRS object ID
202543169349307269
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-12T14:52:06-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1475 REGENCY PARK SUITE 175AddressLine1Txt
CityOFALLONCityNm
State AbbreviationILStateAbbreviationCd
ZIP62269ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521862674EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASBURY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlASBUBusinessNameControlTxt
Phone3012502100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15285 WESTVIEW DRIVE 200AddressLine1Txt
CityFREDERICKCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21703ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANDREW JEANNERETPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3012502100PhoneNum
Signature2025-11-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF PARKERPreparerPersonNm
PTINP01506766PTIN
Phone6182331200PhoneNum
Preparation2025-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJD SHUMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15285 WESTVIEW DRIVE 200AddressLine1Txt
CityFREDERICKCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21703ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$23,098,673GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.THEASBURYFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1994FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionSECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers147TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,147,869PYContributionsGrantsAmt
CY Contributions Grants$9,313,682CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,411,264PYInvestmentIncomeAmt
CY Investment Income$2,908,403CYInvestmentIncomeAmt
PY Other Revenue-$1,856PYOtherRevenueAmt
CY Other Revenue-$101,763CYOtherRevenueAmt
PY Total Revenue$11,557,277PYTotalRevenueAmt
CY Total Revenue$12,120,322CYTotalRevenueAmt
PY Grants And Similar Paid$10,563,948PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$9,094,816CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,147,821CYTotalFundraisingExpenseAmt
PY Other Expenses$1,729,150PYOtherExpensesAmt
CY Other Expenses$2,679,226CYOtherExpensesAmt
PY Total Expenses$12,293,098PYTotalExpensesAmt
CY Total Expenses$11,774,042CYTotalExpensesAmt
PY Revenues Less Expenses-$735,821PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$346,280CYRevenuesLessExpensesAmt
Total Assets BOY$57,936,966TotalAssetsBOYAmt
Total Assets EOY$60,878,176TotalAssetsEOYAmt
Total Liabilities BOY$20,597,809TotalLiabilitiesBOYAmt
Total Liabilities EOY$22,460,053TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$37,339,157NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$38,418,123NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$9,614,059ExpenseAmt
Grant$9,094,816GrantAmt
Revenue$0RevenueAmt
DescASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ALBRIGHT CARE SERVICES, AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS FOR THE NOT-FOR-PROFIT CHARITABLE MISSIONS OF THE SENIOR LIVING AND HEALTH SERVICE PROVIDERS AFFILIATED WITH ASBURY COMMUNITIES, INC. MORE SPECIFICALLY, FUNDS RAISED BY THE ASBURY FOUNDATION IS USED FOR BENEVOLENT CARE, WHICH IS CONFIDENTIAL FINANCIAL ASSISTANCE FOR SENIORS SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR FINANCIAL RESOURCES. IN ADDITION, THE ASBURY FOUNDATION RAISES FUNDS FOR OTHER CAPITAL PROJECTS AND PROGRAMS THAT BENEFIT RESIDENTS AND ASSOCIATES, INCLUDING ASSOCIATE SCHOLARSHIP AWARDS.I. ORGANIZATIONAL OVERVIEWASBURY FOUNDATION, INC. ("ASBURY FOUNDATION") IS A NOT-FOR-PROFIT ORGANIZATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION EXISTS TO SUPPORT THE CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY COMMUNITIES, INC., AND ALBRIGHT CARE SERVICES. THE FOUNDATION SECURES AND STEWARDS PHILANTHROPIC GIFTS THAT DIRECTLY ENHANCE THE LIVES OF OLDER ADULTS AND ASSOCIATES ACROSS THE ASBURY SYSTEM OF COMMUNITIES.PHILANTHROPY THROUGH ASBURY FOUNDATION SUPPORTS THREE CORE PRIORITIES:-BENEVOLENT CARE FOR RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. -RESIDENT PROGRAMS AND CAPITAL ENHANCEMENTS THAT IMPROVE QUALITY OF LIFE.-SCHOLARSHIPS AND EDUCATIONAL SUPPORT FOR ASBURY ASSOCIATES TO ADVANCE THEIR CAREERS.IN 2024, PHILANTHROPIC GIFTS AND COMMITMENTS TO ASBURY FOUNDATION TOTALED APPROXIMATELY $10.5 MILLION IN IMMEDIATE AND LONG-TERM INVESTMENT ACROSS THE ASBURY SYSTEM. THESE INCLUDED:-APPROXIMATELY $7.0 MILLION TO SUPPORT RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR RESOURCES,-MORE THAN $300,000 SUPPORTING CAPITAL IMPROVEMENTS,-OVER $2.8 MILLION TO SPECIAL PROGRAMS AND ENDOWMENTS THAT BENEFIT RESIDENTS AND SERVICES, AND-MORE THAN $300,000 IN SCHOLARSHIPS AWARDED TO ASSOCIATES.II. RELATIONSHIP TO THE ASBURY SYSTEMASBURY FOUNDATION SERVES THE BROADER CHARITABLE MISSION OF THE ASBURY COMMUNITIES SYSTEM BY INVESTING IN PEOPLE, PLACES, AND PROGRAMS. WHILE THE FOUNDATION OPERATES INDEPENDENTLY, IT IS CLOSELY ALIGNED WITH THE OPERATIONS OF ASBURY COMMUNITIES, INC., ASBURY COMMUNITIES, INC. ("ASBURY") IS A NOT-FOR-PROFIT MARYLAND CORPORATION ORGANIZED UNDER SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE. THE ASBURY SYSTEM INCLUDES A CONTINUUM OF SERVICES, INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT, SKILLED NURSING, LONG-TERM CARE, LIFE (LIVING INDEPENDENTLY FOR ELDERS, ALSO KNOWN AS PACE), PHARMACY, REHABILITATION, AND OTHER ANCILLARY PROGRAMSALL DELIVERED IN ALIGNMENT WITH THE RESPECTIVE MISSIONS OF THE SUPPORTED ORGANIZATIONS.ASBURY COMMUNITIES, INC. TRACES ITS ORIGINS TO THE ESTABLISHMENT OF ASBURY METHODIST VILLAGE (GAITHERSBURG, MD) IN 1926, ORIGINALLY FOUNDED AS THE METHODIST HOME FOR ORPHANS AND THE AGED. WHILE NO LONGER FORMALLY AFFILIATED WITH THE UNITED METHODIST CHURCH, ASBURY CONTINUES TO UPHOLD THE ETHICAL AND SPIRITUAL PRINCIPLES OF ITS FOUNDING. THE MISSION AND VALUES OF THE ORGANIZATION ARE EXPRESSED THROUGH ITS GUIDING PRINCIPLE: "DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE."III. PROGRAM SERVICES PROVIDEDASBURY FOUNDATION ENSURES THAT PHILANTHROPY FULFILLS ITS PURPOSE THROUGH THE FOLLOWING AVENUES:-BENEVOLENT CARE: PARTIAL FINANCIAL SUPPORT PROVIDED TO ELIGIBLE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. (SEE SECTION A).-CAPITAL SUPPORT & RESIDENT-FOCUSED PROGRAMS: FUNDING MAJOR INITIATIVES AND ENHANCEMENTS ACROSS ASBURY CAMPUSES, INCLUDING RENOVATION PROJECTS AND WELLNESS, LIFE ENRICHMENT, AND TECHNOLOGY PROGRAMS THAT PROMOTE AGING WITH PURPOSE.-GRANT DEVELOPMENT & STRATEGIC INITIATIVES: SECURING EXTERNAL GRANT FUNDING TO EXPAND ASBURY'S SERVICES AND REACH.-SCHOLARSHIPS FOR ASSOCIATES: PROVIDING FINANCIAL ASSISTANCE FOR ASBURY TEAM MEMBERS TO ADVANCE THEIR EDUCATION AND CAREERS, PARTICULARLY IN HIGH-DEMAND FIELDS SUCH AS NURSING AND HEALTHCARE. THESE SCHOLARSHIPS HELP CLOSE WORKFORCE GAPS WHILE EASING FINANCIAL BURDENS FOR WORKING ADULTS, OFTEN SUPPORTING BOTH PROFESSIONAL GROWTH AND FAMILY WELL-BEING.IN 2024, THE FOUNDATION RELEASED APPROXIMATELY $1.9M IN RESTRICTED FUNDS TO SUPPORT APPROVED CAPITAL IMPROVEMENTS ACROSS ASBURY'S COMMUNITIES.SECTION A: BENEVOLENT CARE BENEVOLENT CARE IS PARTIAL FINANCIAL SUPPORT PROVIDED TO ELIGIBLE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. THIS ASSISTANCE HELPS COVER PARTIAL MONTHLY SERVICE FEES, CERTAIN ANCILLARY EXPENSES, AND CERTAIN THIRD-PARTY COSTS.IN 2024, MORE THAN $7.0 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO SUPPORT RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR RESOURCES. IN 2024, BENEVOLENT CARE SUPPORT WAS PROVIDED FOR 70 RESIDENTS ACROSS ASBURY'S CONTINUING CARE RETIREMENT COMMUNITIES:-ASBURY METHODIST VILLAGE $1,598,855-ASBURY SOLOMONS $332,913-BETHANY VILLAGE $963,381-NORMANDIE RIDGE $477,315-RIVERWOODS $158,979-SPRINGHILL $191,277TOTAL: $3,722,720 IV. SUMMARY STATEMENTASBURY FOUNDATION, INC. PLAYS A CRITICAL ROLE IN ADVANCING THE MISSION AND VALUES OF THE ASBURY SYSTEM. BY SECURING CHARITABLE SUPPORT AND STEWARDING RESOURCES WITH INTEGRITY AND PURPOSE, THE FOUNDATION STRENGTHENS THE ASBURY PROMISE TO THOSE WE SERVE: TO PROVIDE COMPASSIONATE, HIGH-QUALITY CARE AND TO BE A FORCE FOR GOOD IN THE COMMUNITIES WHERE WE LIVE AND SERVE.Desc
Total Program Service Expenses$9,614,059TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed OfYes (1)Form8282PropertyDisposedOfInd
Form8282 Filed5Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANDREW JEANNERETBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3012502100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15285 WESTVIEW DRIVEAddressLine1Txt
CityFREDERICKCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21703ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CAROLYN STAMATAKIS
CHAIR2.000.00Yes (X)Yes (X)$0$0$0
JD SHUMAN
PRESIDENT/CEO/EX-OFFICIO39.001.00Yes (X)Yes (X)$0$412,554$25,613
DOUG LEIDIG
ACOMM PRESIDENT/CEO, EX-OFFICIO1.0039.00Yes (X)$0$1,372,281$38,911
LOANN BURIAN
VICE CHAIR2.000.00Yes (X)Yes (X)$0$0$0
ROBERT BURKE
DIRECTOR2.000.00Yes (X)$0$0$0
MARY ANNE MOREFIELD
DIRECTOR2.000.00Yes (X)$0$0$0
SARA TAPIERO
DIRECTOR2.000.00Yes (X)$0$0$0
LINDA WOODIN
DIRECTOR2.000.00Yes (X)$0$0$0
RICHARD DICK VERT
DIRECTOR2.000.00Yes (X)$0$0$0
ANDREW JOSEPH
SECRETARY1.0039.00Yes (X)$0$519,805$26,880
ANDREW JEANNERET
TREASURER1.0039.00Yes (X)$0$706,567$37,011
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$3,011,207TotReportableCompRltdOrgAmt
Total Other Compensation$128,415TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$229,846FundraisingAmt
Government Grants$354,117GovernmentGrantsAmt
All Other Contributions$8,729,719AllOtherContributionsAmt
Noncash Contributions$1,365,746NoncashContributionsAmt
Total Contributions$9,313,682TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,135,730TotalRevenueColumnAmt
Exclusion$1,135,730ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,694RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$83,313RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$81,619RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$81,619TotalRevenueColumnAmt
Exclusion-$81,619ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$12,619,567SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$10,846,894SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,772,673SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,772,673TotalRevenueColumnAmt
Exclusion$1,772,673ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$28,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$229,846ContriRptFundraisingEventAmt
Fundraising Direct Expenses$48,144FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$20,144TotalRevenueColumnAmt
Exclusion-$20,144ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,120,322TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,806,640ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$8,913,802TotalAmt
Program Services$8,913,802ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$181,014TotalAmt
Program Services$181,014ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,810TotalAmt
Program Services$2,182ProgramServicesAmt
Management And General$628ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,282TotalAmt
Management And General$3,282ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,252TotalAmt
Management And General$8,252ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$13,302TotalAmt
Fundraising$13,302FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$27,522TotalAmt
Fundraising$27,522FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$82,061TotalAmt
Fundraising$82,061FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$37,077TotalAmt
Fundraising$37,077FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$258,442TotalAmt
Fundraising$258,442FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$21,069TotalAmt
Fundraising$21,069FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,070TotalAmt
Fundraising$2,070FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmt
TEMP RESTRICTION EXP.$1,675,911$1,675,911
SPECIAL PROGRAMS$517,061$517,061
BAD DEBT$8,423$8,423
CONSULTING$5,602$5,602

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,342TotalAmt
Fundraising$16,342FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$11,774,042TotalAmt
Program Services$9,614,059ProgramServicesAmt
Management And General$12,162ManagementAndGeneralAmt
Fundraising$2,147,821FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$99,380BOYAmt
EOY$15,161EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$602,841BOYAmt
EOY$974,654EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$45,335BOYAmt
EOY$57,092EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$210,380LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$129,702LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$101,746BOYAmt
EOY$80,678EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$43,338,780BOYAmt
EOY$44,237,078EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$13,748,884BOYAmt
EOY$15,513,513EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$57,936,966BOYAmt
EOY$60,878,176EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$47,796BOYAmt
EOY$167,100EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,635,787BOYAmt
EOY$4,065,062EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,914,226BOYAmt
EOY$18,227,891EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$20,597,809BOYAmt
EOY$22,460,053EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$37,339,157BOYAmt
EOY$38,418,123EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$37,339,157BOYAmt
EOY$38,418,123EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$57,936,966BOYAmt
EOY$60,878,176EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$346,280ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,963,705NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$2,231,019OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,886,777CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,197,737CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,780,753CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,147,869CurrentTaxYearMinus1YearAmt
Current Tax Year$9,313,682CurrentTaxYearAmt
Total$45,326,818TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,886,777CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,197,737CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,780,753CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,147,869CurrentTaxYearMinus1YearAmt
Current Tax Year$9,313,682CurrentTaxYearAmt
Total$45,326,818TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$6,350,788SubstantialContributorsTotAmt
Public Support Total170$38,976,030PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$943,104CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$765,257CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$915,125CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,254,018CurrentTaxYearMinus1YearAmt
Current Tax Year$1,137,424CurrentTaxYearAmt
Total$5,014,928TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$6,163,891CurrentTaxYearMinus2YearsAmt
Total$6,163,891TotalAmt
FieldValueIRS element (for citing)
Total Support$56,505,637TotalSupportAmt
Public Support CY1700.68980PublicSupportCY170Pct
Public Support PY1700.65720PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$31,188,354BeginningYearBalanceAmt
Contributions$1,837,429ContributionsAmt
Investment Earnings Or Losses-$143,574InvestmentEarningsOrLossesAmt
End Year Balance$32,882,209EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$29,600,751BeginningYearBalanceAmt
Contributions$1,691,512ContributionsAmt
Investment Earnings Or Losses-$103,909InvestmentEarningsOrLossesAmt
End Year Balance$31,188,354EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$26,752,728BeginningYearBalanceAmt
Contributions$2,583,967ContributionsAmt
Investment Earnings Or Losses$264,056InvestmentEarningsOrLossesAmt
End Year Balance$29,600,751EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$22,340,827BeginningYearBalanceAmt
Contributions$3,778,098ContributionsAmt
Investment Earnings Or Losses$633,803InvestmentEarningsOrLossesAmt
End Year Balance$26,752,728EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$22,510,216BeginningYearBalanceAmt
Contributions$329,007ContributionsAmt
Investment Earnings Or Losses-$498,396InvestmentEarningsOrLossesAmt
End Year Balance$22,340,827EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgYes (1)EndowmentsHeldRelatedOrgInd
Related Org List Sch RYes (1)RelatedOrgListSchRInd

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$41,461OtherCostOrOtherBasisAmt
Depreciation$41,461DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$168,919OtherCostOrOtherBasisAmt
Depreciation$88,241DepreciationAmt
Book Value$80,678BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$80,678TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
FUNDS HELD IN TRUST$2,719,711
LONG-TERM PLEDGES RECEIVABLE$11,593,802
LAND INVESTMENTS$1,200,000
FieldValueIRS element (for citing)
Total Book Value Other Assets$15,513,513TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO ACOMMDesc
Amt$18,227,891Amt
FieldValueIRS element (for citing)
Total Liability$18,227,891TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE (FINANCIAL SUPPORT FOR RESIDENTS WHO HAVE EXHAUSTED THEIR RESOURCES) AND OTHER SPECIAL PROGRAMS AS RESTRICTED BY DONORS.
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 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.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CARING CLASSIC GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$172,410GrossReceiptsEvent1Amt
Charitable Contri Event1$144,410CharitableContriEvent1Amt
Gross Revenue Event1$28,000GrossRevenueEvent1Amt
Non Cash Prizes Event1$1,200NonCashPrizesEvent1Amt
Rent Facility Costs Event1$18,607RentFacilityCostsEvent1Amt
Food And Beverage Event1$12,254FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$4,737OtherDirectExpensesEvent1Amt
Event2MUSIC FOR THE MISSIONEvent2Nm
Gross Receipts Event2$51,950GrossReceiptsEvent2Amt
Charitable Contri Event2$51,950CharitableContriEvent2Amt
Entertainment Event2$4,050EntertainmentEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$33,486GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$33,486CharitableContriOtherEventsAmt
Food And Beverage Other Events$4,374FoodAndBeverageOtherEventsAmt
Entertainment Other Events$2,800EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$122OthDirectExpnssOtherEventsAmt
Gross Receipts Total$257,846GrossReceiptsTotalAmt
Charitable Contributions Tot$229,846CharitableContributionsTotAmt
Gross Revenue Total Events$28,000GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$1,200NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$18,607RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$16,628FoodAndBeverageTotalEventsAmt
Entertainment Total Events$6,850EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$4,859OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$48,144DirectExpenseSummaryEventsAmt
Net Income Summary-$20,144NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
ASBURY ATLANTIC
5285 WESTVIEW DRIVE 200FREDERICKMD21703520607956501(C)(3)$7,777,574$0TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION
ALBRIGHT CARE SERVICES
5285 WESTVIEW DRIVE 200FREDERICKMD21703231887138501(C)(3)$1,136,228$0TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (13 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
AMV HEALTHCARE SCHOLARSHIPS13$51,120
AMV KEESE SCHOOL EDUCATIONAL SCHOLARSHIPS21$44,046
AS HEALTHCARE SCHOLARSHIPS5$13,693
BV NURSING SCHOLARSHIPS9$25,276
AMV GENERAL SCHOLARSHIP AND EDUCATION12$14,213
AMV WELLNESS STAFFING3$5,360
BV ACE AWARDS (OAKS STAFFING)8$12,000
ACOMM WOMEN'S LEADERSHIP3$3,084
BV GEN. SCHOLARSHIP & EDUCATION1$900
SH NURSING SCHOLARSHIPS1$1,000
SH GEN. SCHOLARSHIP & EDUCATION3$3,800
RW GEN. SCHOLARSHIP & EDUCATION2$2,550
RW NURSING SCHOLARSHIP2$3,972

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, PART IIIFormAndLineReferenceDesc
ExplanationASBURY FOUNDATION ENSURES THAT PHILANTHROPY FULFILLS ITS PURPOSE THROUGH THE FOLLOWING AVENUES: -BENEVOLENT CARE: BENEVOLENT CARE IS PARTIAL FINANCIAL SUPPORT PROVIDED TO ELIGIBLE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. THIS ASSISTANCE HELPS COVER PARTIAL MONTHLY SERVICE FEES, CERTAIN ANCILLARY EXPENSES, AND CERTAIN THIRD-PARTY COSTS. IN 2024, MORE THAN $7.0 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO SUPPORT RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR RESOURCES. IN 2024, BENEVOLENT CARE SUPPORT WAS PROVIDED FOR 70 RESIDENTS ACROSS ASBURY'S CONTINUING CARE RETIREMENT COMMUNITIES. -CAPITAL SUPPORT & RESIDENT-FOCUSED PROGRAMS: FUNDING MAJOR INITIATIVES AND ENHANCEMENTS ACROSS ASBURY CAMPUSES, INCLUDING RENOVATION PROJECTS AND WELLNESS, LIFE ENRICHMENT, AND TECHNOLOGY PROGRAMS THAT PROMOTE AGING WITH PURPOSE. IN 2024, THE FOUNDATION RELEASED APPROXIMATELY $1.9M IN RESTRICTED FUNDS TO SUPPORT APPROVED CAPITAL IMPROVEMENTS ACROSS ASBURY'S COMMUNITIES. -SCHOLARSHIPS FOR ASSOCIATES: PROVIDING FINANCIAL ASSISTANCE FOR ASBURY TEAM MEMBERS TO ADVANCE THEIR EDUCATION AND CAREERS, PARTICULARLY IN HIGH-DEMAND FIELDS SUCH AS NURSING AND HEALTHCARE. THESE SCHOLARSHIPS HELP CLOSE WORKFORCE GAPS WHILE EASING FINANCIAL BURDENS FOR WORKING ADULTS, OFTEN SUPPORTING BOTH PROFESSIONAL GROWTH AND FAMILY WELL-BEING.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DOUG LEIDIG
ACOMM PRESIDENT/CEO, EX-OFFICIO$0$685,159$0$610,601$0$76,521$0$10,346$0$28,565$0$1,411,192$0$0
ANDREW JEANNERET
TREASURER$0$391,925$0$248,645$0$65,997$0$17,041$0$19,970$0$743,578$0$0
ANDREW JOSEPH
SECRETARY$0$305,666$0$168,128$0$46,011$0$8,904$0$17,976$0$546,685$0$0
JD SHUMAN
PRESIDENT/CEO/EX-OFFICIO$0$293,161$0$77,163$0$42,230$0$3,888$0$21,725$0$438,167$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL PERSONS DEEMED POTENTIALLY DISQUALIFIED IS REVIEWED AND RECOMMENDED TO THE FOUNDATION BOARD.
PART I, LINE 4BNAME: DOUG LEIDIG, DESCRIPTION: ACOMM PRESIDENT/CEO, CURRENT YEAR AMOUNT: $56,846. PLAN DESCRIPTION: 457(F) NAME: ANDREW JEANNERET, DESCRIPTION: TREASURER, CURRENT YEAR AMOUNT: $63,217. PLAN DESCRIPTION: 457(F) NAME: ANDREW JOSEPH, DESCRIPTION: SECRETARY, CURRENT YEAR AMOUNT: $43,613. PLAN DESCRIPTION: 457(F) NAME: JD SHUMAN, DESCRIPTION: FOUNDATION PRESIDENT/CEO, CURRENT YEAR AMOUNT: $38,289. PLAN DESCRIPTION: 457(F)

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution12ContributionCnt
Noncash Contributions Rpt F990$243,184NoncashContributionsRptF990Amt
Method Of Determining RevenuesAVG. STOCK PRICEMethodOfDeterminingRevenuesTxt

Real Estate Residential RealEstateResidentialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution4ContributionCnt
Noncash Contributions Rpt F990$1,122,562NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMV/APPRAISALMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationPART I, COLUMN B IS REPORTING THE NUMBER OF ITEMS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE 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 6THE SOLE MEMBER OF ASBURY FOUNDATION, INC. IS ASBURY COMMUNITIES, INC., A NON-PROFIT, NON-STOCK, MARYLAND CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11BASBURY COMMUNITIES, INC., THE SOLE MEMBER OF ASBURY FOUNDATION, INC., DELEGATES REVIEW OF THE FORM 990 TO ITS AUDIT, FINANCE, AND INVESTMENT COMMITTEE (AFIC) WHICH PERFORMED ITS REVIEW ON 10/29/25. ADDITIONALLY, THE ASBURY COMMUNITIES, INC. AND ASBURY FOUNDATION, INC. BOARD OF DIRECTORS WERE FORWARDED A COPY OF THE DRAFT 990 FOR REVIEW AND WERE PROVIDED A LINK TO A RECORDING OF THE AFIC 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 THE AFIC.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 NOMINATIONS COMMITTEE AND REPORTS QUARTERLY TO THE GOVERNANCE AND NOMINATIONS COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE GOVERNANCE AND NOMINATIONS COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2024. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES INVOLVING A BOARD OR COMMITTEE MEMBER, THE GOVERNANCE AND NOMINATIONS COMMITTEE IS INFORMED AND WILL FOLLOW SPECIFIC PROTOCOL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES.
FORM 990, PART VI, SECTION B, LINE 15ATHE 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 FOUNDATION CEO'S COMPENSATION. THE FLLOWING PROCESS IS USED BY ASBURY COMMUNITIES, INC., A RELATED ORGANIZATION, FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS: ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE RELIES ON STAFF FEEDBACK AND THE DATA AND RECOMMENDATIONS PROVIDED BY AN EXTERNAL COMPENSATION CONSULTANT TO ASCERTAIN THE REASONABLENESS OF COMPENSATION AND BENEFITS OF ALL OF THE DIRECT REPORTS OF THE CEO AND OTHER POTENTIALLY DISQUALIFIED PERSONS. IN ADDITION, THE COMPENSATION COMMITTEE REVIEWS THE ORGANIZATION'S PROGRESS TOWARDS KEY PERFORMANCE INDICATORS SELECTED FOR INCENTIVIZING PERFORMANCE OF DISQUALIFIED PERSONS THROUGH A PERFORMANCE BASED-COMPENSATION PROGRAM. QUARTERLY, THE COMPENSATION COMMITTEE REVIEWS UPDATES TO THE OVERALL BENEFITS AND COMPENSATION PLAN FOR THE ORGANIZATION AS WELL AS PROGRESS ON THE ORGANIZATION'S STRATEGIC GOALS. THE COMPENSATION COMMITTEE CHARTER, THE EXECUTIVE COMPENSATION PHILOSOPHY, AND THE EXECUTIVE INCENTIVE PLAN WERE REVIEWED MOST RECENTLY IN 2024.
FORM 990, PART VI, SECTION C, LINE 19FINANCIAL 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 ATHE 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 2,100 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2024 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES IN EXCESS OF $299 MILLION AND TOTAL ASSETS IN EXCESS OF $647 MILLION.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF DEFERRED GIVING ARRANGEMENTS -373,003. FUNDRAISING LOSS 20,144. TRANSFERS TO ACOMM -1,878,160.
FORM 990, PART XII, LINE 2CTHERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
ASBURY ATLANTIC INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703520607956HOUSING AND HEALTHCARE FOR OLDER ADULTSMD501(C)(3)LINE 10ASBURY COMMUNITIES INC0
ASBURY COMMUNITIES INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703521862677SUPPORT SERVICESMD501(C)(3)LINE 12C, III-FI0
AFFILIATED ASSOCIATES INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703510426078EMPLOYEE PAYMASTER COMPANYMD501(C)(3)LINE 12C, III-FIASBURY COMMUNITIES INC0
ASBURY COMMUNITIES HCBS INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703450634490HOME CARE FOR OLDER ADULTSMD501(C)(3)LINE 10ASBURY COMMUNITIES INC0
ASBURY INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703620630670HOUSING AND HEALTHCARE FOR OLDER ADULTSTN501(C)(3)LINE 10ASBURY COMMUNITIES INC0
BETHANY DEVELOPMENT CORPORATION
335 WESLEY DRIVEMECHANICSBURGPA17055232078064HOUSING FOR OLDER ADULTSPA501(C)(3)LINE 10ASBURY COMMUNITIES INC0
ALBRIGHT CARE SERVICES
5285 WESTVIEW DRIVE 200FREDERICKMD21703231887138HOUSING, HEALTHCARE, AND AT-HOME SERVICES FOR OLDER ADULTSPA501(C)(3)LINE 10ASBURY COMMUNITIES INC0
WARRIOR RUN MANOR
5285 WESTVIEW DRIVE 200FREDERICKMD21703232137458HOUSING FOR OLDER ADULTSPA501(C)(3)LINE 10ALBRIGHT CARE SERVICES0
FOREST RIDGE MANOR
910 WILDER CHAPEL LANEMARYVILLETN37804201885811HOUSING FOR OLDER ADULTSTN501(C)(3)LINE 12A, IASBURY INC0
ASBURY LIVING INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703933545102HOME CARE FOR OLDER ADULTSPA501(C)(3)LINE 10ASBURY COMMUNITIES INC0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
THE ASBURY GROUP INC
5285 WESTVIEW DRIVE 200FREDERICKMD21703205038820TECH & SUPPORT SERVICESDEASBURY COMMUNITIES INCC0
THRIVEWELL TECH LLC
5285 WESTVIEW DRIVE 200FREDERICKMD21703262896175INFOR & CNSLT SVCSDETHE ASBURY GROUP INCC0
5285 WESTVIEW DRIVE ONE LLC
5285 WESTVIEW DRIVE 200FREDERICKMD21703881212545INFO. TECH. RESELLER AND IMPLEMENTATIN PARTNERMDTHE ASBURY GROUP INCC0
1569 TEELS ROAD LLC
5285 WESTVIEW DRIVE 200FREDERICKMD21703871564257OPERATE A PERSONAL CARE HOME AND SENIOR LIVING COMMUNITYPATHE ASBURY GROUP INCC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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