Asbury Solomonsinc

“The executive committee of the board of directors can act in place of the board for defined responsibilities. All members of the executive committee are members of the board of directors.”

“Asbury solomons, inc has one member. The sole member is asbury communities, inc.”

“Asbury communities, inc. Is the sole member of asbury solomons, inc. And elects the governing body.”

“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, asbury inc. (asbury place), bethany development corporation, and asbury hcbs, inc. Asbury communities, inc. Has a system wide audit committee. The asbury communities, inc. Board of directors has delegated a review of the form 990 to the system audit committee which performed its review on 10/21/20. The asbury communities, inc., foundation, asbury atlantic, asbury solomons, asbury place, asbury communities hcbs, bethany development corporation, and inverness village board of directors were forwarded a copy of their respective draft form 990 for review and provided a link to a 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 staff and audit 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 key management positions. Each person completes a conflict of interest disclosure form and is advised of their fiduciary obligations. The compliance officer, who has 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 system-wide audit and compliance committee. A report was made to the board that there were no conflicts during 2019. 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 protocol outlined in the conflict of interest policies and procedures.”

“On an annual basis, the compensation and benefits 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 and benefits 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 employer of choice strategic goals. Also on an annual basis, the compensation and benefits committee specifically reviews the compensation and benefits of the ceo using the data gathered by the compensation consultant at the direction of the committee and provides input to the full board of directors in order to support their decision making process regarding the ceo's compensation. The compensation and benefits committee charter, the executive compensation philosophy, and the executive incentive plan were reviewed most recently in 2018.”

“The conflict of interest policy and governing documents are available upon request. The audited financial statements are available for public viewing on the organization's website (www.asbury.org).”

“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 solomons, inc. As well as the other related and supported organizations of asbury communities, inc. There are over 2,400 total employees in the asbury communities, inc. System. The 2019 consolidated audited financial statements for asbury communities, inc. Had total revenues of $244 million and total assets in excess of $584 million. During 2019, asbury communities, inc. Modified its employee compensation for pto. This change resulted in a one-time distribution that is reflected in the compensation reported on this form 990.”

“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 assists with the mission of the non profit entities within the asbury communities system.”

“As part of asbury communities, asbury solomons pledges each day to make a difference in the lives of those we serve and to serve as a partner for good in the community at large. We honor our heritage through supporting and partnering with charitable and community organizations, educational institutions, and aging services and health providers. At asbury solomons, our contributions are primarily focused on: -supporting senior wellness in the regions where we operate; and -training the next generation of aging services professionals. Providing peace of mind for residents benevolent care: a cornerstone of living our mission is ensuring that residents who outlive their financial resources can remain in their home at asbury. The asbury foundation, a 501(c)(3) not-for-profit organization that secures philanthropic support to support the mission and enhance quality of life for older adults served by the asbury system, was established to support these efforts. Asbury provides financial support to residents who outlive their resources through no fault of their own. Highlights of this year's community benefit accomplishments include the following: in the area of supporting the local community and senior services, asbury solomon's provided more than 133 volunteer hours to the area chapter of alzheimer's association. Solomon's donated space to various community organizations for their meetings and rehearsals. Several associates participated in monthly pacct (partners in accountable care collaboration & transitions) meetings at calvert county memorial hospital whereby professionals meet to discern best practices and seamless transition of residents between hospital and home, donating 115 volunteer hours. In the area of supporting the next generation of aging services professionals asbury solomon's volunteered over 1000 hours supporting the supervision and mentorship of the salisbury university social work internship program and the wesley seminary collage pastoral care internship program. Asbury solomon's also provided orientation and training for culinary students from calvert county career & technology academy.”

“Dissolution of entity -210,250.”

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