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 is the sole member.”

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

“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.”

“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. (asbury place), 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 10/2/19. The asbury communities, inc., foundation, asbury atlantic, asbury solomons, asbury place, asbury communities hcbs, calvert county nursing center, 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 summary is then presented to the board of directors at the annual meeting. 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.”

“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 the minutes of the management-lead to see 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 organization's governing documents, conflict of interest policy, and financial statements are made available to the public 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 atlantic, 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 2018 consolidated audited financial statements for asbury communities, inc. Had total revenues of $225.7 million and total assets in excess of $642 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 assists with the mission of the non profit entities within the asbury communities system.”

“As part of asbury communities, asbury, inc. 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 legacy through supporting and partnering with charitable and community organizations, educational institutions, and aging services and health providers. At asbury, inc., our contributions are primarily focused on: -supporting senior wellness in the regions where we operate; and -training the next generation of aging services professionals. Highlights of this year's community benefit accomplishments at asbury, inc. Include the following: in 2018, the dining team at asbury place kingsport cooked close to 2,000 fresh and nourishing meals for meals on wheels of kingsport, ensuring that one of our nation's most vulnerable populations-food-insecure, homebound seniors - will get the nutrition they need. In addition to providing the meals, associate volunteers delivered 151 meals throughout the year. In the area of training the next generation of senior care leaders, an asbury, inc. An asbury place social worker provided internship supervision for healthcare social work student from the university of tennessee. Asbury place participated in our region junior achievement whereby 4th grade students learned how entrepreneurs use the resources to produce goods and services in a community. Students solve problems by weighing risks and rewards. An associate is a board member of small miracles therapeutic. Asbury, inc. Volunteered time and resources on numerous occasions during the period for the alzheimer's tennessee fundraiser. Asbury, inc. Donated discarded furniture to community worx, an organization that refurbishes old, broken furniture and sells to support community charity needs. An associated assisted with the rotary club project to promote literacy/education. The rotary provides 1,500 dictionaries to all 3rd graders in blount county.”

“Consultant/contract labor: program service expenses 4,070,984. Management and general expenses 14,708. Fundraising expenses 0. Total expenses 4,085,692.”

“Gain on change in market value of derivatives 10,004.”

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