2014-11-05T15:25:05-06:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKE STE400 PLYMOUTH MEETING PA 19462 990 2013-01-01 521862674 ASBURY FOUNDATION INC ASBU 3012504050 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 KIM EHRENFRIED ASSISTANT TREASURER 3012504050 2014-11-03 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2013 2015-11-30 17:44:51Z DOUGLAS C MYERS 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 11882481 0 X WWW.THEASBURYFOUNDATION.ORG X 1994 MD SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY. 15 10 14 14 0 0 3620817 8127031 0 0 423718 620575 -21586 -15048 4022949 8732558 0 0 0 0 1065443 1000838 0 0 6042352 2276649 5501901 3342092 6502739 680857 2229819 24250789 27901911 5232802 6048555 19017987 21853356 THE MISSION OF ASBURY FOUNDATION IS SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY. 0 0 82574 ASBURY FOUNDATION IS A SUPPORTING ORGANIZATION OF ASBURY ATLANTIC, INC., ASBURY SOLOMONS, INC., INVERNESS VILLAGE, INC. AND ASBURY COMMUNITIES HCBS, INC. TO PROMOTE CHARITABLE GIVING AND HELP FUND CHARITABLE PROGRAMS. 82574 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 14 1 0 0 0 0 0 0 1 1 0 0 1 0 X 15 10 0 0 0 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 VICE CHAIR 1.00 0.00 X 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 MARY ELLEN ELWELL 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 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 50.00 0.00 X X 234551 0 19643 TIMOTHY TRISSLER DIRECTOR 1.00 0.00 X 0 0 0 PEGGY CRESPI KAPLAN SECRETARY 1.00 65.00 X 0 333343 17611 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 1.00 55.00 X 0 212139 19259 MICHAEL CONNELL TREASURER 1.00 65.00 X 0 376471 20067 DOUGLAS LEIDIG ASST. TREASURER 1.00 65.00 X 0 398297 20067 KIM EHRENFRIED ASST. TREASURER 1.00 65.00 X 0 177908 18072 JEREMIAH D SHUMAN SR. DIRECTOR DEVELOPMENT 40.00 0.00 X 136527 0 16694 SARAH J FREY DIRECTOR DEVELOPMENT 40.00 0.00 X 106771 0 11239 477849 1498158 142652 3 0 1 0 0 169258 7957773 1627724 8127031 388136 388136 3118647 199422 2855630 230000 263017 -30578 232439 232439 33395 169258 64293 -30898 -30898 OTHER OPERATING REVENUE 623312 15850 15850 15850 8732558 0 0 605527 X 254194 254194 615631 239621 376010 16392 3429 12963 59306 15717 43589 55315 15590 39725 38852 38852 60516 60516 4088 4088 15384 8545 6839 24974 24974 119516 119516 70845 70845 977 977 12688 12688 6683 6683 134 134 TRANSFERS TO (FROM) AFO 4830918 4830918 TEMPORARY RESTRICTION E 217443 217443 SPECIAL PROGRAMS 74029 74029 ALL OTHER EXPENSES 21675 21675 3179 3179 6502739 82574 377813 6042352 213186 264964 11771 88980 86591 40901 50549 45690 13048007 15076177 10927276 12426100 24250789 27901911 7511 826151 5225017 5222404 274 0 5232802 6048555 X 150000 150000 2611631 4108616 16256356 17594740 19017987 21853356 24250789 27901911 X 2229819 877450 -271900 X X 0 1 X 1 0 X 4053931 3631818 2618627 3620817 8127031 22052224 4053931 3631818 2618627 3620817 8127031 22052224 22052224 59103 147115 398885 398503 312942 1316548 18275 15850 34125 23402897 70668 0.94230 0.93160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23933559 1741654 -152028 25523185 23968985 198524 -233950 23933559 24116800 566076 -713891 23968985 22632606 2218711 -734517 24116800 21954643 1242577 -564614 22632606 1.00000 0 0 41461 10942 30519 45130 29959 15171 45690 DUE FROM ACOMM 5090546 FUNDS HELD IN TRUST 4845140 PLEDGES RECEIVABLE 133682 OTHER RECEIVABLES 10032 LAND HELD FOR SALE 2345700 NON-CASH GIFTS 1000 12426100 X 9674301 877450 64293 941743 8732558 0 8732558 6838934 336195 336195 6502739 0 6502739 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART X, LINE 2: ASBURY COMMUNITIES AND AFFILIATES, EXCEPT THE ASBURY GROUP, INC. (TAG), 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. TAG IS ORGANIZED AS A FOR-PROFIT ENTITY AND IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. INCOME TAXES FOR TAG ARE RECORDED AS DEFERRED TAX ASSETS AND LIABILITIES IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS TO REFLECT TEMPORARY BOOK AND TAX DIFFERENCES. 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, 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 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 IS NOT AWARE OF ANY TAX POSITIONS THAT WOULD 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. THE TAX RETURNS FOR THE YEARS 2010 TO 2012 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 64,293. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING EVENTS 64,293. CHANGE IN VALUE-CHARITABLE GIFT ANNUITY 133,270. RELEASED OF RESTRICTION- CAPITAL 138,632. CARING CLASSIC GOLF TOURNAMENT 128752 109582 19170 13638 10858 12685 4642 INVERNESS SPRING FLING 48554 36549 12005 228 5863 750 2177 2 25347 23127 2220 3515 116 6000 3821 202653 169258 33395 13866 14373 18664 6750 10640 64293 -30898 X X X X X X 0 0 0 0 0 0 0 1 0 DOUGLAS C MYERS PRESIDENT 215837 0 18000 0 714 0 7227 0 12416 0 254194 0 0 0 PEGGY CRESPI KAPLAN SECRETARY 0 309779 0 20000 0 3564 0 7650 0 9961 0 350954 0 0 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 0 196492 0 15000 0 647 0 6589 0 12670 0 231398 0 0 MICHAEL CONNELL TREASURER 0 305931 0 70000 0 540 0 7650 0 12417 0 396538 0 0 DOUGLAS LEIDIG ASST. TREASURER 0 372487 0 25000 0 810 0 7650 0 12417 0 418364 0 0 KIM EHRENFRIED ASST. TREASURER 0 170033 0 7500 0 375 0 5655 0 12417 0 195980 0 0 JEREMIAH D SHUMAN SR. DIRECTOR DEVELOPMENT 125735 0 10560 0 232 0 4278 0 12416 0 153221 0 0 0 PART I, LINE 3 APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE FULL BOARD IS INFORMED BUT IS NOT TASKED WITH APPROVING. PART I, LINE 7 IN 2009, DURING THE FINANCIAL CRISIS IN THE U.S., ASBURY COMMUNITIES EXECUTIVES AND MANAGEMENT VOLUNTARILY DECLINED PLANNED INCENTIVES EARNED IN 2008 DUE FOR AWARD IN 2009. THE ASBURY PLANNED INCENTIVE COMPENSATION PLAN WAS SUSPENDED BY THE BOARD IN 2009. FOR 2009 THROUGH 2013, SMALLER DISCRETIONARY BONUSES WERE PROVIDED TO EXECUTIVES AND MANAGEMENT IN AMOUNTS SUBSTANTIALLY REDUCED FROM THE PLANNED INCENTIVE COMPENSATION PLAN. IN DECEMBER OF EACH YEAR, THESE DISCRETIONARY BONUSES WERE REVIEWED AND ADOPTED BY THE EXECUTIVE COMMITTEE OF THE ASBURY COMMUNITIES BOARD AND REPORTED TO THE ASBURY COMMUNITIES BOARD OF DIRECTORS. X 21 457571 FMV X 6 1170153 APPRAISAL 1 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 TEN INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY. THE NON-INDEPENDENT BOARD MEMBERS CONSIST OF AN EMPLOYEE OF THE FOUNDATION, TWO RESIDENTS OF BETHANY VILLAGE, AND TWO RESIDENTS OF ASBURY METHODIST VILLAGE. 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 16TH. 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 GENERALLY RESPONSIBLE FOR THE POLICY PROCESS. ALL THE ENTITIES WITHIN THE ASBURY COMMUNITIES GROUP 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 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 INTERESTED PERSON WILL BE PROHIBITED FROM VOTING ON THE SUBJECT MATTER. 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 MAKING DECISIONS REGARDING COMPENSATION.THE SYSTEM WIDE COMPENSATION COMMITTEE IS COMPOSED OF 5 VOTING MEMBERS,THE CHIEF PEOPLE OFFICER (NON-VOTING), A RETAINED ATTORNEY (NON-VOTING; RECORD 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(JAN, MARCH, JULY, AND NOV). IN THE NOVEMBER MEETING THEY REVIEW TOWERS WATSON ANNUAL SURVEY RESULTS AND REPORTS IN ORDER TO MAKE INFORMED RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. 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 INVERNESS VILLAGE AND ASBURY FOUNDATION, INC. AS WELL AS THE OTHER RELATED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THE 2013 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUE OF $173.6 MILLION AND TOTAL ASSETS IN EXCESS OF $562 MILLION. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 8,545. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,839. TOTAL EXPENSES 15,384. FORM 990, PART IX, LINE 24E MINOR EQUIPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,179. TOTAL EXPENSES 3,179. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF GIFT ANNUITIES -133,268. RELEASED OF RESTRICTION- CAPITAL -138,632. FORM 990, PART XII, LINE 8A THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES LINE 24A TRANSFERS TO (FROM) FOUNDATION $4,830,918 THIS IS THE ALLOCATION OF UNRESTRICTED GIFTS & EXPENSES TO OUR INDIVIDUAL COMMUNITIES IN ACCORDANCE WITH OUR CHARITABLE MISSION. LINE 24B TEMPORARY RESTRICTION EXPENSE $217,443 RELEASE OF TEMPORARILY RESTRICTED FUNDS $281,736 (PER AUDITED FINANCIAL STATEMENTS) LESS $64,293 (FUNDRAISING EXPENSES)= $217,643 LINE 24C SPECIAL PROGRAMS $74,029 EXPENSES RELATED TO FUNDRAISING EVENTS FOR BENEVOLENT CARE, SUCH AS THE CARING CLASSIC GOLD 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 TECH & MGT SERVICE 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 0 0 0 0 0 1 0