Asbury Foundation

Nonprofit profile at a glance

EIN
251555688
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Brookhaven, GA, USA
Phone
4128643532
Rating
90
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$3,602,343
Expenses
$775,992
Assets
$8,677,922
Liabilities
$431,024

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MAURICE ROSENBAUM (CEO/CHAIRMAN)
  • ROY EVAN SIMMONS JR (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ROY EVAN SIMMONS JR (EXECUTIVE DIRECTOR): $82,008 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.3%; rating input score 91
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: $6.14 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 78.5%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 11.18; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 13.4% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 17.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 91.3% of revenue deployed · 87% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $675K in reported program spending
  • Leadership: top reported pay $82K · 5 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.