Nonprofit · EIN 52-1862674
ASBURY FOUNDATION INC
Tax-exempt · FREDERICK, MD 21703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,120,322 | $11,774,042 | $346,280 | $60,878,176 | $22,460,053 | $38,418,123 |
| December 31, 2023 | 990 | $11,557,277 | $12,293,098 | -$735,821 | $57,936,966 | $20,597,809 | $37,339,157 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,313,682
- of which government grants
- $354,117
- Program service revenue
- $0
- Investment income
- $2,908,403
- Net rental income
- -$81,619
- Net gain from sales of assets
- $1,772,673
- Net income from fundraising events
- -$20,144
- Other revenue
- -$101,763
Expenses
- Grants and similar amounts paid
- $9,094,816
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,282
- Accounting fees
- $8,252
- Travel
- $37,077
- Depreciation
- $21,069
- Program services (functional)
- $9,614,059
- Management and general (functional)
- $12,162
- Fundraising (functional)
- $2,147,821
Balance sheet and other
- Total assets, start of year
- $57,936,966
- Total assets, end of year
- $60,878,176
- Total liabilities, end of year
- $22,460,053
- Net assets, end of year
- $38,418,123
- Land, buildings and equipment
- $80,678
- Publicly traded securities
- $44,237,078
- Net assets with donor restrictions
- $38,418,123
- Gross receipts
- $23,098,673
- Employees
- 0
- Volunteers
- 147
- Year formed
- 1994
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG LEIDIG | ACOMM PRESIDENT/CEO, EX-OFFICIO Trustee or director | 1 | $0 | $1,372,281 | $38,911 |
| ANDREW JEANNERET | TREASURER Officer | 1 | $0 | $706,567 | $37,011 |
| ANDREW JOSEPH | SECRETARY Officer | 1 | $0 | $519,805 | $26,880 |
| JD SHUMAN | PRESIDENT/CEO/EX-OFFICIO Trustee or director, Officer | 39 | $0 | $412,554 | $25,613 |
| CAROLYN STAMATAKIS | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LOANN BURIAN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ROBERT BURKE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARY ANNE MOREFIELD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SARA TAPIERO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LINDA WOODIN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RICHARD DICK VERT | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS LEIDIG | ACOMM PRESIDENT/CEO, EX-OFFICIO Trustee or director | 1 | $0 | $1,020,254 | $36,279 |
| ANDREW JEANNERET | TREASURER Officer | 1 | $0 | $580,618 | $36,244 |
| ANDREW JOSEPH | SECRETARY Officer | 1 | $0 | $441,003 | $29,015 |
| JD SHUMAN | PRESIDENT/CEO/EX-OFFICIO Trustee or director, Officer | 39 | $0 | $421,053 | $23,288 |
| CAROLYN STAMATAKIS | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LOANN BURIAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ROBERT BURKE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARY ANNE MOREFIELD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RICHARD STANG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SARA TAPIERO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RICHARD DICK VERT | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LINDA WOODIN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5285 WESTVIEW DR STE 200, FREDERICK, MD 21703-8521
- Principal officer (990 for 2024)
- JD SHUMAN, 5285 WESTVIEW DRIVE 200, FREDERICK, MD 21703
- Signed the 990
- ANDREW JEANNERET, TREASURER
- Phone
- (301) 250-2100
- Website
- WWW.THEASBURYFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS.
Program accomplishments
- ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ALBRIGHT CARE SERVICES, AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS FOR THE NOT-FOR-PROFIT CHARITABLE MISSIONS OF THE SENIOR LIVING AND HEALTH SERVICE PROVIDERS AFFILIATED WITH ASBURY COMMUNITIES, INC. MORE SPECIFICALLY, FUNDS RAISED BY THE ASBURY FOUNDATION IS USED FOR BENEVOLENT CARE, WHICH IS CONFIDENTIAL FINANCIAL ASSISTANCE FOR SENIORS SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR FINANCIAL RESOURCES. IN ADDITION, THE ASBURY FOUNDATION RAISES FUNDS FOR OTHER CAPITAL PROJECTS AND PROGRAMS THAT BENEFIT RESIDENTS AND ASSOCIATES, INCLUDING ASSOCIATE SCHOLARSHIP AWARDS.I. ORGANIZATIONAL OVERVIEWASBURY FOUNDATION, INC. ("ASBURY FOUNDATION") IS A NOT-FOR-PROFIT ORGANIZATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION EXISTS TO SUPPORT THE CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY COMMUNITIES, INC., AND ALBRIGHT CARE SERVICES. THE FOUNDATION SECURES AND STEWARDS PHILANTHROPIC GIFTS THAT DIRECTLY ENHANCE THE LIVES OF OLDER ADULTS AND ASSOCIATES ACROSS THE ASBURY SYSTEM OF COMMUNITIES.PHILANTHROPY THROUGH ASBURY FOUNDATION SUPPORTS THREE CORE PRIORITIES:-BENEVOLENT CARE FOR RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. -RESIDENT PROGRAMS AND CAPITAL ENHANCEMENTS THAT IMPROVE QUALITY OF LIFE.-SCHOLARSHIPS AND EDUCATIONAL SUPPORT FOR ASBURY ASSOCIATES TO ADVANCE THEIR CAREERS.IN 2024, PHILANTHROPIC GIFTS AND COMMITMENTS TO ASBURY FOUNDATION TOTALED APPROXIMATELY $10.5 MILLION IN IMMEDIATE AND LONG-TERM INVESTMENT ACROSS THE ASBURY SYSTEM. THESE INCLUDED:-APPROXIMATELY $7.0 MILLION TO SUPPORT RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR RESOURCES,-MORE THAN $300,000 SUPPORTING CAPITAL IMPROVEMENTS,-OVER $2.8 MILLION TO SPECIAL PROGRAMS AND ENDOWMENTS THAT BENEFIT RESIDENTS AND SERVICES, AND-MORE THAN $300,000 IN SCHOLARSHIPS AWARDED TO ASSOCIATES.II. RELATIONSHIP TO THE ASBURY SYSTEMASBURY FOUNDATION SERVES THE BROADER CHARITABLE MISSION OF THE ASBURY COMMUNITIES SYSTEM BY INVESTING IN PEOPLE, PLACES, AND PROGRAMS. WHILE THE FOUNDATION OPERATES INDEPENDENTLY, IT IS CLOSELY ALIGNED WITH THE OPERATIONS OF ASBURY COMMUNITIES, INC., ASBURY COMMUNITIES, INC. ("ASBURY") IS A NOT-FOR-PROFIT MARYLAND CORPORATION ORGANIZED UNDER SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE. THE ASBURY SYSTEM INCLUDES A CONTINUUM OF SERVICES, INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT, SKILLED NURSING, LONG-TERM CARE, LIFE (LIVING INDEPENDENTLY FOR ELDERS, ALSO KNOWN AS PACE), PHARMACY, REHABILITATION, AND OTHER ANCILLARY PROGRAMSALL DELIVERED IN ALIGNMENT WITH THE RESPECTIVE MISSIONS OF THE SUPPORTED ORGANIZATIONS.ASBURY COMMUNITIES, INC. TRACES ITS ORIGINS TO THE ESTABLISHMENT OF ASBURY METHODIST VILLAGE (GAITHERSBURG, MD) IN 1926, ORIGINALLY FOUNDED AS THE METHODIST HOME FOR ORPHANS AND THE AGED. WHILE NO LONGER FORMALLY AFFILIATED WITH THE UNITED METHODIST CHURCH, ASBURY CONTINUES TO UPHOLD THE ETHICAL AND SPIRITUAL PRINCIPLES OF ITS FOUNDING. THE MISSION AND VALUES OF THE ORGANIZATION ARE EXPRESSED THROUGH ITS GUIDING PRINCIPLE: "DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE."III. PROGRAM SERVICES PROVIDEDASBURY FOUNDATION ENSURES THAT PHILANTHROPY FULFILLS ITS PURPOSE THROUGH THE FOLLOWING AVENUES:-BENEVOLENT CARE: PARTIAL FINANCIAL SUPPORT PROVIDED TO ELIGIBLE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. (SEE SECTION A).-CAPITAL SUPPORT & RESIDENT-FOCUSED PROGRAMS: FUNDING MAJOR INITIATIVES AND ENHANCEMENTS ACROSS ASBURY CAMPUSES, INCLUDING RENOVATION PROJECTS AND WELLNESS, LIFE ENRICHMENT, AND TECHNOLOGY PROGRAMS THAT PROMOTE AGING WITH PURPOSE.-GRANT DEVELOPMENT & STRATEGIC INITIATIVES: SECURING EXTERNAL GRANT FUNDING TO EXPAND ASBURY'S SERVICES AND REACH.-SCHOLARSHIPS FOR ASSOCIATES: PROVIDING FINANCIAL ASSISTANCE FOR ASBURY TEAM MEMBERS TO ADVANCE THEIR EDUCATION AND CAREERS, PARTICULARLY IN HIGH-DEMAND FIELDS SUCH AS NURSING AND HEALTHCARE. THESE SCHOLARSHIPS HELP CLOSE WORKFORCE GAPS WHILE EASING FINANCIAL BURDENS FOR WORKING ADULTS, OFTEN SUPPORTING BOTH PROFESSIONAL GROWTH AND FAMILY WELL-BEING.IN 2024, THE FOUNDATION RELEASED APPROXIMATELY $1.9M IN RESTRICTED FUNDS TO SUPPORT APPROVED CAPITAL IMPROVEMENTS ACROSS ASBURY'S COMMUNITIES.SECTION A: BENEVOLENT CARE BENEVOLENT CARE IS PARTIAL FINANCIAL SUPPORT PROVIDED TO ELIGIBLE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA FOR BENEVOLENT CARE. THIS ASSISTANCE HELPS COVER PARTIAL MONTHLY SERVICE FEES, CERTAIN ANCILLARY EXPENSES, AND CERTAIN THIRD-PARTY COSTS.IN 2024, MORE THAN $7.0 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO SUPPORT RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR RESOURCES. IN 2024, BENEVOLENT CARE SUPPORT WAS PROVIDED FOR 70 RESIDENTS ACROSS ASBURY'S CONTINUING CARE RETIREMENT COMMUNITIES:-ASBURY METHODIST VILLAGE $1,598,855-ASBURY SOLOMONS $332,913-BETHANY VILLAGE $963,381-NORMANDIE RIDGE $477,315-RIVERWOODS $158,979-SPRINGHILL $191,277TOTAL: $3,722,720 IV. SUMMARY STATEMENTASBURY FOUNDATION, INC. PLAYS A CRITICAL ROLE IN ADVANCING THE MISSION AND VALUES OF THE ASBURY SYSTEM. BY SECURING CHARITABLE SUPPORT AND STEWARDING RESOURCES WITH INTEGRITY AND PURPOSE, THE FOUNDATION STRENGTHENS THE ASBURY PROMISE TO THOSE WE SERVE: TO PROVIDE COMPASSIONATE, HIGH-QUALITY CARE AND TO BE A FORCE FOR GOOD IN THE COMMUNITIES WHERE WE LIVE AND SERVE.Expenses $9,614,059 · grants $9,094,816
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1862674
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $60,878,176
- Income (IRS master file)
- $23,098,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,120,322 | $11,774,042 | $60,878,176 | IRS |
| 990 | December 2023 | $11,557,277 | $12,293,098 | $57,936,966 | XML |
| 990 | December 2022 | $17,996,340 | $7,595,754 | $49,696,688 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1862674).
Questions about ASBURY FOUNDATION INC
- What is the EIN of ASBURY FOUNDATION INC?
- The employer identification number (EIN) of ASBURY FOUNDATION INC is 52-1862674.
- Is ASBURY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ASBURY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASBURY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASBURY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASBURY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASBURY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JD SHUMAN.
- Who are the officers and directors of ASBURY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does ASBURY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,120,322, expenses of $11,774,042 and total assets of $60,878,176 at year end.
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