2025-11-12T14:52:06-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2024-01-01 521862674 ASBURY FOUNDATION INC ASBU 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 ANDREW JEANNERET TREASURER 3012502100 2025-11-11 1 0 JEFF PARKER P01506766 6182331200 2025-11-11 2024 2025-03-06 01:10:19Z JD SHUMAN 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 23098673 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. 9 7 0 147 0 0 10147869 9313682 0 0 1411264 2908403 -1856 -101763 11557277 12120322 10563948 9094816 0 0 0 0 0 0 2147821 1729150 2679226 12293098 11774042 -735821 346280 57936966 60878176 20597809 22460053 37339157 38418123 X SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS. 0 0 9614059 9094816 0 ASBURY 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. 9614059 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 5 0 0 0 0 0 X 9 7 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ANDREW JEANNERET 3012502100 5285 WESTVIEW DRIVE FREDERICK MD 21703 X CAROLYN STAMATAKIS CHAIR 2.00 0.00 X X 0 0 0 JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 39.00 1.00 X X 0 412554 25613 DOUG LEIDIG ACOMM PRESIDENT/CEO, EX-OFFICIO 1.00 39.00 X 0 1372281 38911 LOANN BURIAN VICE CHAIR 2.00 0.00 X X 0 0 0 ROBERT BURKE DIRECTOR 2.00 0.00 X 0 0 0 MARY ANNE MOREFIELD DIRECTOR 2.00 0.00 X 0 0 0 SARA TAPIERO DIRECTOR 2.00 0.00 X 0 0 0 LINDA WOODIN DIRECTOR 2.00 0.00 X 0 0 0 RICHARD DICK VERT DIRECTOR 2.00 0.00 X 0 0 0 ANDREW JOSEPH SECRETARY 1.00 39.00 X 0 519805 26880 ANDREW JEANNERET TREASURER 1.00 39.00 X 0 706567 37011 0 3011207 128415 0 0 1 0 0 229846 354117 8729719 1365746 9313682 1135730 1135730 1694 83313 -81619 -81619 -81619 12619567 10846894 1772673 1772673 1772673 28000 229846 48144 -20144 -20144 12120322 0 0 2806640 8913802 8913802 181014 181014 2810 2182 628 3282 3282 8252 8252 13302 13302 27522 27522 82061 82061 37077 37077 258442 258442 21069 21069 2070 2070 TEMP RESTRICTION EXP. 1675911 1675911 SPECIAL PROGRAMS 517061 517061 BAD DEBT 8423 8423 CONSULTING 5602 5602 16342 16342 11774042 9614059 12162 2147821 99380 15161 602841 974654 45335 57092 210380 129702 101746 80678 43338780 44237078 13748884 15513513 57936966 60878176 47796 167100 3635787 4065062 16914226 18227891 20597809 22460053 X 37339157 38418123 37339157 38418123 57936966 60878176 X 346280 2963705 -2231019 X X 0 1 X 1 0 X 5886777 10197737 9780753 10147869 9313682 45326818 5886777 10197737 9780753 10147869 9313682 45326818 6350788 38976030 943104 765257 915125 1254018 1137424 5014928 6163891 6163891 56505637 0.68980 0.65720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31188354 1837429 -143574 32882209 29600751 1691512 -103909 31188354 26752728 2583967 264056 29600751 22340827 3778098 633803 26752728 22510216 329007 -498396 22340827 0.00000 1.00000 0.00000 0 1 1 41461 41461 0 168919 88241 80678 80678 FUNDS HELD IN TRUST 2719711 LONG-TERM PLEDGES RECEIVABLE 11593802 LAND INVESTMENTS 1200000 15513513 DUE TO ACOMM 18227891 18227891 X 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. CARING CLASSIC GOLF TOURNAMENT 172410 144410 28000 1200 18607 12254 4737 MUSIC FOR THE MISSION 51950 51950 4050 1 33486 33486 4374 2800 122 257846 229846 28000 1200 18607 16628 6850 4859 48144 -20144 1 ASBURY ATLANTIC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 501(C)(3) 7777574 0 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION ALBRIGHT CARE SERVICES 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 231887138 501(C)(3) 1136228 0 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. 2 AMV HEALTHCARE SCHOLARSHIPS 13 51120 AMV KEESE SCHOOL EDUCATIONAL SCHOLARSHIPS 21 44046 AS HEALTHCARE SCHOLARSHIPS 5 13693 BV NURSING SCHOLARSHIPS 9 25276 AMV GENERAL SCHOLARSHIP AND EDUCATION 12 14213 AMV WELLNESS STAFFING 3 5360 BV ACE AWARDS (OAKS STAFFING) 8 12000 ACOMM WOMEN'S LEADERSHIP 3 3084 BV GEN. SCHOLARSHIP & EDUCATION 1 900 SH NURSING SCHOLARSHIPS 1 1000 SH GEN. SCHOLARSHIP & EDUCATION 3 3800 RW GEN. SCHOLARSHIP & EDUCATION 2 2550 RW NURSING SCHOLARSHIP 2 3972 FORM 990, PART III ASBURY 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. X X X 0 1 0 0 0 0 0 0 0 DOUG LEIDIG ACOMM PRESIDENT/CEO, EX-OFFICIO 0 685159 0 610601 0 76521 0 10346 0 28565 0 1411192 0 0 ANDREW JEANNERET TREASURER 0 391925 0 248645 0 65997 0 17041 0 19970 0 743578 0 0 ANDREW JOSEPH SECRETARY 0 305666 0 168128 0 46011 0 8904 0 17976 0 546685 0 0 JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 0 293161 0 77163 0 42230 0 3888 0 21725 0 438167 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL PERSONS DEEMED POTENTIALLY DISQUALIFIED IS REVIEWED AND RECOMMENDED TO THE FOUNDATION BOARD. PART I, LINE 4B NAME: 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) X 12 243184 AVG. STOCK PRICE X 4 1122562 FMV/APPRAISAL 0 0 0 PART I, COLUMN (B): PART I, COLUMN B IS REPORTING THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CAN ACT IN PLACE OF THE BOARD BETWEEN MEETINGS. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF ASBURY FOUNDATION, INC. IS ASBURY COMMUNITIES, INC., A NON-PROFIT, NON-STOCK, MARYLAND CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC., THE SOLE MEMBER OF ASBURY FOUNDATION, INC., DELEGATES REVIEW OF THE FORM 990 TO ITS 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 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE COMPLIANCE OFFICER IS RESPONSIBLE FOR THE POLICY AND OVERSEES THE IMPLEMENTATION OF THE PROCESS. ALL THE ENTITIES WITHIN THE ASBURY COMMUNITIES SYSTEM ARE SUBJECT TO THE POLICY. ANNUALLY, THE COMPLIANCE OFFICER CONDUCTS A COMPREHENSIVE CONFLICT DISCLOSURE PROCESS COVERING ALL MEMBERS OF THE GOVERNING BOARDS, SYSTEM WIDE COMMITTEES, AND INDIVIDUALS IN MANAGEMENT POSITIONS. EACH PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAD A DIRECT REPORTING LINE TO THE CHAIR OF THE GOVERNANCE AND 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 15A THE FOUNDATION BOARD EXECUTIVE COMMITTEE REVIEWS THE ORGANIZATION'S PROGRESS TOWARDS KEY PERFORMANCE INDICATORS SELECTED FOR INCENTIVIZING PERFORMANCE OF DISQUALIFIED PERSONS THROUGH A PERFORMANCE BASED-COMPENSATION PROGRAM. ON AN ANNUAL BASIS, THE FOUNDATION BOARD EXECUTIVE COMMITTEE SPECIFICALLY REVIEWS THE COMPENSATION AND BENEFITS OF THE CEO USING THE DATA GATHERED BY STAFF IN ORDER TO SUPPORT THEIR DECISION MAKING PROCESS REGARDING THE 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 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 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 2C THERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR. ASBURY ATLANTIC INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862677 SUPPORT SERVICES MD 501(C)(3) LINE 12C, III-FI 0 AFFILIATED ASSOCIATES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 510426078 EMPLOYEE PAYMASTER COMPANY MD 501(C)(3) LINE 12C, III-FI ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES HCBS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 450634490 HOME CARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 620630670 HOUSING AND HEALTHCARE FOR OLDER ADULTS TN 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 BETHANY DEVELOPMENT CORPORATION 335 WESLEY DRIVE MECHANICSBURG PA 17055 232078064 HOUSING FOR OLDER ADULTS PA 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ALBRIGHT CARE SERVICES 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 231887138 HOUSING, HEALTHCARE, AND AT-HOME SERVICES FOR OLDER ADULTS PA 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 WARRIOR RUN MANOR 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 232137458 HOUSING FOR OLDER ADULTS PA 501(C)(3) LINE 10 ALBRIGHT CARE SERVICES 0 FOREST RIDGE MANOR 910 WILDER CHAPEL LANE MARYVILLE TN 37804 201885811 HOUSING FOR OLDER ADULTS TN 501(C)(3) LINE 12A, I ASBURY INC 0 ASBURY LIVING INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 933545102 HOME CARE 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 TECH & SUPPORT SERVICES DE ASBURY COMMUNITIES INC C 0 THRIVEWELL TECH LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 262896175 INFOR & CNSLT SVCS DE THE ASBURY GROUP INC C 0 5285 WESTVIEW DRIVE ONE LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 881212545 INFO. TECH. RESELLER AND IMPLEMENTATIN PARTNER MD THE ASBURY GROUP INC C 0 1569 TEELS ROAD LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 871564257 OPERATE A PERSONAL CARE HOME AND SENIOR LIVING COMMUNITY PA THE ASBURY GROUP INC C 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0