2015-11-12T12:35:52-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2014-01-01 521862674 ASBURY FOUNDATION INC ASBU 3012504050 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 KIM EHRENFRIED ASSISTANT TREASURER 3012504050 2015-11-11 1 JONATHAN T HANSEN CPA P01871557 4104530900 2014 2016-02-25 16:41:14Z DOUGLAS C MYERS 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 9847326 0 X WWW.THEASBURYFOUNDATION.ORG X 1994 MD SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY. 14 7 0 16 0 0 8127031 4362353 0 0 620575 485147 -15048 9965 8732558 4857465 0 0 0 0 1000838 0 0 0 2924606 5501901 2986267 6502739 2986267 2229819 1871198 27901911 28122113 6048555 4907180 21853356 23214933 SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY. 0 0 44853 ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY SOLOMONS, INC., INVERNESS VILLAGE, INC. AND ASBURY COMMUNITIES HCBS, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. 44853 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 0 0 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 0 1 1 0 0 0 X 14 7 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL CONNELL CFO 3012502028 20030 CENTURY BLVD GERMANTOWN MD 20874 X JOHN SCHULZE CHAIR 1.00 0.00 X X 0 0 0 KATRYN B GORRELL DIRECTOR 1.00 0.00 X 0 0 0 LEONA BACRACH DIRECTOR 1.00 0.00 X 0 0 0 JUDY BANKSON DIRECTOR 1.00 0.00 X 0 0 0 TITA HERSHNER EBERLY DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN EBINGER DIRECTOR 1.00 0.00 X 0 0 0 BUD EDWARDS DIRECTOR 1.00 0.00 X 0 0 0 MEARLE GRIFFITH DIRECTOR 1.00 0.00 X 0 0 0 COREY BASEHORE DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN JACKSON DIRECTOR 1.00 0.00 X 0 0 0 LINDA GOTTFRIED DIRECTOR 1.00 0.00 X 0 0 0 THOMAS WILLICH VICE CHAIR 1.00 0.00 X X 0 0 0 DIXIE REPPE DIRECTOR 1.00 0.00 X 0 0 0 DENNIS YOCUM DIRECTOR 1.00 0.00 X 0 0 0 JEAN SEIBERT DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS C MYERS PRESIDENT 1.00 50.00 X X 0 226650 22261 TIMOTHY TRISSLER DIRECTOR 1.00 0.00 X 0 0 0 PEGGY CRESPI KAPLAN SECRETARY 1.00 65.00 X 0 321219 20864 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 1.00 55.00 X 0 203122 21320 MICHAEL CONNELL TREASURER 1.00 65.00 X 0 313960 23595 DOUGLAS LEIDIG ASST. TREASURER 1.00 65.00 X 0 392943 23595 KIM EHRENFRIED ASST. TREASURER 1.00 65.00 X 0 181068 20438 0 1638962 132073 0 0 1 0 0 206333 4156020 249425 4362353 404880 404880 5009096 4833140 95689 175956 -95689 80267 80267 53769 206333 61032 -7263 -7263 OTHER OPERATING REVENUE 623312 17228 17228 17228 4857465 0 0 495112 6744 6744 6901 6901 3163 3163 278 278 67 67 24887 24887 699 699 357 357 2996 2996 5 5 7134 7134 799 799 TRANSFERS TO (FROM) AFO 2622814 2622814 TEMPORARY RESTRICTION E 221863 221863 SPECIAL PROGRAMS 44853 44853 BAD DEBT 22126 22126 20581 20581 2986267 44853 16808 2924606 264964 343186 88980 105369 88133 48035 45690 40098 15076177 16276604 12426100 11356856 27901911 28122113 826151 358372 5222404 4548808 6048555 4907180 X 150000 150000 4108616 4606304 17594740 18458629 21853356 23214933 27901911 28122113 X 1871198 19592 -529213 X 0 1 X 1 0 X 3631818 2618627 3620817 8127031 4362353 22360646 3631818 2618627 3620817 8127031 4362353 22360646 3343084 19017562 147115 398885 398503 312942 404880 1662325 18275 15850 17228 51353 24074324 124437 0.79000 0.84860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25253185 811412 87852 26152449 23933559 1471653 -152028 25253185 23968985 198524 -233950 23933559 24116800 566076 -713891 23968985 22632606 2218711 -734517 24116800 1.00000 0 0 41461 15089 26372 46672 32946 13726 40098 DUE FROM ACOMM 7739119 FUNDS HELD IN TRUST 1992774 PLEDGES RECEIVABLE 246102 OTHER RECEIVABLES 11061 LAND HELD FOR SALE 1366800 NON-CASH GIFTS 1000 11356856 X 4990566 19592 113509 133101 4857465 0 4857465 3628989 642722 642722 2986267 0 2986267 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART X, LINE 2: ALL OF ASBURY COMMUNITIES, INC. SUPPORTED ORGANIZATIONS ARE 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. 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 AND EXECUTIVE COMMITTEE OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS, RETENTION OF OUTSIDE COUNSEL 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 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. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 2D - RECONCILING ITEMS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 61,032 CHANGE IN VALUE-CHARITABLE GIFT ANNUITY 52,477 TOTAL TO SCHEDULE D, PART XI, LINE 2D 113,509 PART XII, LINE 2D - RECONCILING ITEMS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 61,032 RELEASED OF RESTRICTION - CAPITAL 581,690 TOTAL TO SCHEDULE D, PART XII, LINE 2D 642,722 CARING CLASSIC GOLF TOURNAMENT 133829 109180 24649 7258 10983 12169 3875 INVERNESS SPRING FLING 70022 47782 22240 163 6169 750 3034 4 56251 49371 6880 1575 3412 6000 5644 260102 206333 53769 7421 12558 21750 6750 12553 61032 -7263 X X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS C MYERS PRESIDENT 0 225899 0 0 0 751 0 9066 0 13195 0 248911 0 0 PEGGY CRESPI KAPLAN SECRETARY 0 317655 0 0 0 3564 0 10400 0 10464 0 342083 0 0 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 0 202456 0 0 0 666 0 8125 0 13195 0 224442 0 0 MICHAEL CONNELL TREASURER 0 313420 0 0 0 540 0 10400 0 13195 0 337555 0 0 DOUGLAS LEIDIG ASST. TREASURER 0 392133 0 0 0 810 0 10400 0 13195 0 416538 0 0 KIM EHRENFRIED ASST. TREASURER 0 180474 0 0 0 594 0 7243 0 13195 0 201506 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF ASBURY COMMUNITIES, INC. THE FULL BOARD IS INFORMED BUT IS NOT TASKED WITH APPROVING. X 13 249425 FMV 0 0 0 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. WE HAVE REPORTED SEVEN INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY. THE NON-INDEPENDENT BOARD MEMBERS CONSIST OF AN EMPLOYEE OF THE FOUNDATION AND SIX RESIDENTS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO REQUIRE THAT THE BOARD OF DIRECTORS CONSIST OF NO FEWER THAN SEVEN AND NO MORE THAN FIFTEEN MEMBERS. ALL BUT ONE OF THE DIRECTORS ARE TO BE ELECTED, THE ONE NON-ELECTED DIRECTOR BEING THE PRESIDENT OF THE ORGANIZATION. 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 11 ASBURY COMMUNITIES IS THE SOLE MEMBER OF ASBURY ATLANTIC INC., ASBURY SOLOMONS INC., INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION AND ASBURY COMMUNITIES HCBS, INC. ASBURY COMMUNITIES HAS A SYSTEM WIDE AUDIT COMMITTEE. THE ASBURY COMMUNITIES BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT COMMITTEE WHICH PERFORMED THEIR REVIEW ON OCTOBER 28TH. THE ASBURY COMMUNITIES, INC., FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, ASBURY COMMUNITIES HCBS, AND INVERNESS VILLAGE BOARD OF DIRECTORS WERE FORWARDED A COPY OF THEIR RESPECTIVE DRAFT FORM 990 FOR THEIR REVIEW AND PROVIDED A LINK TO RECORDING OF THE AUDIT 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 THE STAFF AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE ASSISTANT GENERAL COUNSEL 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 DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAD A DIRECT REPORTING LINE TO THE CHAIR OF THE AUDIT COMMITTEE AND REPORTS QUARTERLY TO THE AUDIT COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE AUDIT COMMITTEE. A SUMMARY IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. WHEN A CONFLICT OF INTEREST ARISES, THE INDIVIDUAL WILL BE REQUIRED TO RECUSE HIM OR HERSELF FROM THE BOARD DELIBERATIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE SYSTEM WIDE 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 AS 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 AND ASBURY ATLANTIC EACH RECEIVE A PRESENTATION ONCE A YEAR ON EXECUTIVE COMPENSATION AND BENEFITS. THE VICE PRESIDENT OF HUMAN RESOURCES 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 TOWERS WATSON (A COMPENSATION CONSULTING FIRM). THE SYSTEM WIDE COMPENSATION COMMITTEE HOLDS A MINIMUM OF 4 MEETINGS EACH YEAR. AT THE FALL MEETING THEY REVIEW TOWERS WATSON DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. THE PROCESS WAS LAST REVIEWED IN 2014. THE EXECUTIVE COMMITTEE OF THE ASBURY FOUNDATION ANNUALLY REVIEWS THE PERFORMANCE AND SETS THE COMPENSATION OF THE PRESIDENT BASED UPON RECOMMENDATIONS OF THE SYSTEM-WIDE COMPENSATION COMMITTEE. 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 2,100 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2014 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $179.2 MILLION AND TOTAL ASSETS IN EXCESS OF $568 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 52,477. RELEASED OF RESTRICTION- CAPITAL -581,690. FORM 990, PART IV, STATEMENT OF FUNCTIONAL EXPENSES LINE 24A TRANSFERS TO (FROM) FOUNDATION $2,622,814 THIS IS THE ALLOCATION OF UNRESTRICTED GIFTS & EXPENSES TO THE ASBURY INDIVIDUAL COMMUNITIES IN ACCORDANCE WITH OUR CHARITABLE MISSION. LINE 24B TEMPORARY RESTRICTION EXPENSE $221,863 RELEASE OF TEMPORARILY RESTRICTED FUNDS $282,895 (PER AUDITED FINANCIAL STATEMENTS) LESS $61,032(FUNDRAISING EXPENSES)= $221,863 LINE 24C SPECIAL PROGRAMS $44,853 EXPENSES RELATED TO FUNDRAISING EVENTS FOR BENEVOLENT CARE, SUCH AS THE CARING CLASSIC GOLF TOURNAMENT. ASBURY ATLANTIC INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 520607956 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 ASBURY SOLOMONS INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862675 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862677 MANAGEMENT SERVICES MD 501(C)(3) LINE 11C, III-FI 0 INVERNESS VILLAGE 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 731539802 HOUSING AND HEALTHCARE FOR OLDER ADULTS OK 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 AFFILIATED ASSOCIATES INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 510426078 EMPLOYEE PAYMASTER COMPANY MD 501(C)(3) LINE 11C, III-FI ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES HCBS INC XXX-XX-XXXX 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 HOME CARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 THE ASBURY GROUP INC 20030 CENTURY BLVD GERMANTOWN MD 20874 205038820 MANAGEMENT SERVICES DE C 0 TAG MARKETING LLC 20030 CENTURY BLVD GERMANTOWN MD 20874 262896006 MARKETING SRVCS DE C 0 THE ASBURY GROUP INTEGRATED TECHNOLOGIES LLC 20030 CENTURY BLVD GERMANTOWN MD 20874 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