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.”

“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 governance and compliance committee which performed its review on 10/20/21. Additionally, asbury communities, inc. Board of directors was forwarded a copy of the draft 990 for review and was provided a link to a recording of the governance 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 governance 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 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 compliance committee and reports quarterly to the governance and compliance 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 2020. When an actual or potential conflict of interest arises involving a board or committee member, the governance 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 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 2020.”

“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 2,500 total employees in the asbury communities, inc. System. The 2020 consolidated audited financial statements for asbury communities, inc. Had total revenues of $297 million and total assets in excess of $680 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. While community benefit activities were limited in 2020 by the effects and safety protocols in place regarding covid-19, below are a few highlights at asbury, inc.: -in 2020 several associates hosted a "front porch cafe and served lunch to seniors. -asbury, inc. Volunteered time and resources on two occasions during the period for the alzheimer's tennessee fundraiser.”

“Consultant/contract labor: program service expenses 6,127,391. Management and general expenses 3,155. Fundraising expenses 0. Total expenses 6,130,546.”

“Loss on change in market value of derivatives -44,584. Transfers from acomm 3,930,000.”

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