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Nonprofiteer
← ASBURY FOUNDATION

Form 990 for tax year 2024

Filed by ASBURY FOUNDATION.

Totals

Total revenue
$3,602,343
Total expenses
$775,992
Contributions and grants received
$616,758
Grants paid
$675,493
Program service revenue
$0
Investment income
$2,985,585
Other revenue
$0
Total assets, end of year
$8,677,922
Total liabilities, end of year
$431,024
Net assets or fund balances, end of year
$8,246,898
Program services expenses (Part IX)
$675,493
Management and general expenses
$0
Fundraising expenses
$100,499
Program service expenses (Part III)
$675,493

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $616,758

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $139,058 · excluded $139,058

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,391 · other assets $2,852,563

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $8,427

  • 7c · Gain or loss

    securities $2,391 · other assets $2,844,136

  • 7d · Net gain or loss

    total $2,846,527 · excluded $2,846,527

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $675,493 · program services $675,493

  • 7 · Other salaries and wages

    total $53,409 · fundraising $53,409

  • 9 · Other employee benefits

    total $1,250 · fundraising $1,250

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $101 · fundraising $101

  • 16 · Occupancy

    total $4,286 · fundraising $4,286

  • 20 · Interest

    total $37,603 · fundraising $37,603

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $3,850 · fundraising $3,850

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,544,793 · end of year $4,107,323

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $8,535 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $2,101,542

  • 12 · Investments: other securities

    beginning of year $2,551,128

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $792,964 · end of year $2,469,057

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $360,000

  • 25 · Other liabilities

    beginning of year $1,731,971 · end of year $71,024

  • 27 · Net assets without donor restrictions

    beginning of year $2,196,333 · end of year $4,551,005

  • 28 · Net assets with donor restrictions

    beginning of year $2,969,116 · end of year $3,695,893

Mission and programs · 2024

Mission

THE ASBURY FOUNDATION ACQUIRES AND ADMINISTERS FUNDS TO BE HELD AND INVESTED FOR THE BENEFIT OF ITS PARENT ORGANIZATION, THE BONCREST FOUNDATION, INC., AND ITS AFFILIATES. THIS MISSION ENTAILS SUBSIDIZING THE BENEVOLENT CARE PROGRAM, PROGRAM ACTIVITIES, AND CAPITAL IMPROVEMENTS OF BONCREST BRIDGE CITY, AND ITS SUBSIDIARIES, ASBURY PLACE, ASBURY VILLAS, ASBURY HEALTH CENTER, VANADIUM WOODS VILLAGE, SENECA HILLS VILLAGE, SENECA MANOR, AND LIGHTHOUSE POINTE VILLAGE.

Activities or mission (Part I)

TO ACQUIRE AND ADMINISTER FUNDS TO BE HELD AND INVESTED FOR THE BENEFIT OF ITS PARENT ORGANIZATION, THE BONCREST FOUNDATION, INC., AND ITS AFFILIATES.

  • THE ASBURY FOUNDATION RAISES FUNDS TO ASSIST IN SUBSIDIZING THE BENEVOLENT CARE PROGRAM, TOTALING $675,493, PROGRAM ACTIVITIES, AND CAPITAL IMPROVEMENTS OF BONCREST BRIDGE CITY, AND ITS SUBSIDIARIES, ASBURY PLACE, ASBURY VILLAS, ASBURY HEALTH CENTER, VANADIUM WOODS VILLAGE, SENECA HILLS VILLAGE, SENECA MANOR, AND LIGHTHOUSE POINTE VILLAGE.

    Expenses $675,493 · Grants $675,493

As filed on the 2024 return.

Listed in Part VII

  • AMELIA WALLER BAKER JD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • MAURICE ROSENBAUM

    CEO/CHAIRMAN

    Total calculated
    $0
    Hours/week
    11 + 29 related

  • BRAD PAYNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRANK CORRIGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • ROY EVAN SIMMONS JR

    EXECUTIVE DIRECTOR

    Total calculated
    $82,008
    From this org
    $0
    From related orgs
    $56,250
    Other
    $25,758
    Hours/week
    20 + 20 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202513179349309611

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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