Asbury Foundation Inc.

“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.”

“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.”

“Asbury communities, inc. Is the sole member of asbury atlantic, inc., asbury-solomons, inc., inverness village, an oklahoma not for profit corporation,calvert county nursing center, inc., asbury, inc., bethany development corporation, and asbury hcbs, inc. Asbury communities, inc. Has a system wide audit and compliance committee. The asbury communities, inc. Board of directors has delegated a review of the form 990 to the system audit and compliance committee which performed their review on 9/27/18. The asbury communities, inc., foundation, asbury atlantic, asbury solomons, calvert county nursing center, asbury communities hcbs, asbury, inc., bethany development corporation, and inverness village board of directors were forwarded a copy of their respective draft form 990 for their review and provided a link to a recording of the audit and compliance committee meeting if members chose to listen to the meetings as they reviewed any of the form 990s. All directors may pose questions or ask for clarification from staff and audit and compliance committee.”

“The asbury communities conflict of interest policy was approved by the board of directors. The compliance officer is responsible for the policy and oversees the implementation of the process. All the entities within the asbury communities system are subject to the policy. Annually, the compliance officer conducts a comprehensive conflict disclosure process covering all members of the governing boards, system wide committees, and individuals in management positions. Each person completes a conflict of interest disclosure form and is advised of their fiduciary obligations. The compliance officer, who had a direct reporting line to the chair of the audit and compliance committee and reports quarterly to the audit and compliance committee, analyzes all disclosure forms for potential conflicts, and prepares a report for the audit and compliance committee. A report was made to the board that there were no conflicts during 2017. When an actual or potential conflict of interest arises involving a board or committee member, the audit and compliance committee is informed and will follow specific protocal outlined in the conflict of interest policies and procedures.”

“The compensation committee meets with the independent compensation consultant, and based on information provided to the committee makes recommendations regarding compensation and benefits to the executive committee which is charged by the full board with decisions regarding compensation. The independent compensation consultants and attorney are also present at the meeting of the executive committee at which the executive committee considers the recommendation of the compensation committee. At this meeting the executive committee receives all of the same information which was presented to the compensation committee and has the opportunity to ask questions and evaluate the materials. The full board(s) of asbury communities has a presentation once a year on executive compensation and benefits. The president is present to give board members an opportunity to ask questions and to provide salaries and grade levels for their review. The system wide compensation committee is composed of 5 voting members, the vice-president of human resources (non-voting), a retained attorney (non-voting; records proceedings in minutes), and is advised by sullivan cotter (a compensation consulting firm). The compensation committee has developed and uses a compensation philosophy document which establishes guidelines for compensation and identifies comparable data. The committee holds a minimum of 4 meetings each year. At the fall meeting they review sullivan cotter data and reports in order to make recommendations regarding salaries and benefits. This annual review also ensures compliance with irs intermediate sanctions requirements. The board of directors ultimately reviews/approves/ and or adjusts recommendations from the compensation committee and sets compensation. The process was last reviewed in 2017.”

“Financial statements are available for public viewing on the website. Governing documents and conflicts of interest policy are available upon request.”

“The officers that have compensation from related organizations reported in part vii, section a, column e of the form 990 provide executive management support and overall guidance to asbury foundation, inc. As well as the other related and supported organizations of asbury communities, inc. There are over 2,500 total employees in the asbury communities, inc. System. The 2017 consolidated audited financial statements for asbury communities, inc. Had total revenues of $248.9 and million and total assets in excess of $660 million.”

“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.”

“The benevolent care program enables seniors in need of financial support to live with peace of mind that their housing, service, and health care needs are met. In 2017, asbury foundation provided $2,996,620 in benevolent care assistance to residents in the asbury communities, inc. System. Additionally, $8,047,500 was provided in unreimbursed services to those served in skilled nursing. The foundation raised $3,791,249 in 2017 to offset the cost of benevolent care and unreimbursed services provided to residents in need. Endowment funds in the asbury system provided an additional $2,090,272 in assistance. Asbury foundation conducts capital campaigns for renovations of buildings where resident services are provided. In 2017, asbury foundation released from restriction $800,344 in capital support to help fund several resident life projects. At bethany village, funds were secured and released to build the richard d. Rife community center. The community center serves as a central hub to support wellness programming at bethany village, a continuing care retirement community in mechanicsburg, pa serving 700 older adults, and the residents of bethany towers, a hud low income housing facility for seniors located at the entry to bethany village. The community center is open for use by community groups in central pennsylvania. The foundation has also undertaken a capital campaign at springhill, a ccrc located in erie, pa. The campaign is securing support for a therapeutic aquatic therapy center to support wellness for the seniors served at springhill. Additionally, an outdoor recreation center will be funded by the campaign. At inverness village in tulsa, oklahoma, the compassionate caring campaign was conducted to enhance resident centered care in assisted living and skilled nursing. In 2017, asbury foundation awarded $52,300 for scholarships for 42 asbury associates. The primary area of support was for associates pursuing careers in health care. These scholarships help asbury meet a national shortage in qualified applicants for careers in health care. The scholarships ease the financial burden working individuals face in specialized degrees often while supporting families. Scholarships are also awarded to associates pursuing careers outside of health care.”

“Change in value of gift annuities -213,625. Released of restriction -800,344. Fundraising expenses -70,162. Fundraising loss 2,904.”

“There has been no change in oversight process from the prior year.”

“This return has been amended to correct an error on schedule a, part ii, column (e). In the prior version, the amount for gifts, grants, contributions, and membership fees had been incorrectly stated.”