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Nonprofit · EIN 25-1555688

ASBURY FOUNDATION

Also known as UPMC CORPORATE TAX

Tax-exempt · BROOKHAVEN, GA 30319

Financials

$783K$723K2023$3.6M$776K2024
Revenue Expenses · by fiscal year end
Financials of ASBURY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,602,343$775,992$2,826,351$8,677,922$431,024$8,246,898
December 31, 2023990$782,598$722,952$59,646$6,897,420$1,731,971$5,165,449
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$616,758
Program service revenue
$0
Investment income
$2,985,585
Net gain from sales of assets
$2,846,527
Other revenue
$0

Expenses

Grants and similar amounts paid
$675,493
Other salaries and wages
$53,409
Salaries, compensation and benefits (total)
$54,659
Professional fundraising fees
$0
Occupancy
$4,286
Program services (functional)
$675,493
Fundraising (functional)
$100,499

Balance sheet and other

Total assets, start of year
$6,897,420
Total assets, end of year
$8,677,922
Total liabilities, end of year
$431,024
Net assets, end of year
$8,246,898
Publicly traded securities
$2,101,542
Net assets without donor restrictions
$4,551,005
Net assets with donor restrictions
$3,695,893
Gross receipts
$3,610,770
Employees
0
Volunteers
4
Year formed
1985
State of legal domicile
PA

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROY EVAN SIMMONS JREXECUTIVE DIRECTOR
Officer
20$0$56,250$25,758
AMELIA WALLER BAKER JDSECRETARY
Trustee or director, Officer
1$0$0$0
MAURICE ROSENBAUMCEO/CHAIRMAN
Trustee or director, Officer
11$0$0$0
BRAD PAYNEDIRECTOR
Trustee or director
1$0$0$0
FRANK CORRIGANDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK BONDIPRESIDENT
Trustee or director, Officer
1$0$364,195$64,571
WILLIAM NIGROTREASURER & CFO
Trustee or director, Officer
1$0$196,110$29,764
AUDREY BURGOONSECRETARY
Officer
1$0$161,143$23,386

Address and contacts

Address (IRS master file)
4062 PEACHTREE ROAD SUITE A501, BROOKHAVEN, GA 30319-3021
In care of
% US STEEL TOWER
Principal officer (990 for 2024)
MAURICE M ROSENBAUM, 4062 PEACHTREE ROAD SUITE A501, BROOKHAVEN, GA 30319
Signed the 990
MAURICE M ROSENBAUM, DIRECTOR
Phone
(412) 864-3532
Return prepared by
Forvis Mazars LLP

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1555688
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
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,677,922
Income (IRS master file)
$3,610,770

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,602,343$775,992$8,677,922XML
990December 2023$782,598$722,952$6,897,420XML
990December 2022$2,042,514$925,433$10,552,954IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 25-1555688).

Questions about ASBURY FOUNDATION

What is the EIN of ASBURY FOUNDATION?
The employer identification number (EIN) of ASBURY FOUNDATION is 25-1555688.
Is ASBURY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to ASBURY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASBURY FOUNDATION 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 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 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?
The 990 for the year ended December 31, 2024 names MAURICE M ROSENBAUM.
Who are the officers and directors of ASBURY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does ASBURY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,602,343, expenses of $775,992 and total assets of $8,677,922 at year end.

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