Asbury 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.”

“Asbury communities, inc. Is the sole member.”

“Asbury communities, inc. Is the sole member of asbury, inc.”

“Only certain decisions of the governing body are subject to asbury community 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; (5) the operating and capital budget of the company.”

“Asbury communities, inc., the sole member of asbury, 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, 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.”

“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 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 governance and compliance 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 protocal outlined in the conflict of interest policies and procedures.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Substantially all assets of asbury place were sold on january 1, 2024. Operations ceased after the sale.”

“Change in beneficial interest in net assets of asbury foundation -53,006. Book gain on discontinued operations 31,460,884. Other changes in net assets with donor restrictions -184,110.”

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