Asbury Park Inc
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Newton, KS
- Founding
- 09/1965
- Data as of
- 12/2022
- EIN
- 48-0643930
Organization Overview
Asbury Park Inc is located in Newton, KS. The organization was established in 1965. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury Park Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Asbury Park Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $60.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (47.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME & ASSISTED LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT COMMUNITY PROVIDING 101 LICENSED SKILLED NURSING CARE BEDS, 36-BED ASSISTED LIVING UNIT, 69 INDEPENDENT LIVING UNITS, AND ANCILLARY HEALTHCARE SERVICES (PRIOR TO SELLING OPERATIONS IN JANUARY 2021)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Kreie Board Chair | OfficerTrustee | 2 | $0 |
Vallerie Gleason Board Secretary | OfficerTrustee | 1 | $0 |
Larry Krueger Board Member | Trustee | 1 | $0 |
Gary Denny Board Member | Trustee | 1 | $0 |
Donald Voth Chief Executive Officer | OfficerTrustee | 8 | $37,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Physical Therapy | 12/30/18 | $295,337 |
Roofing Services Unlimited Construction | 12/30/18 | $180,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $744,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,099 |
| Total Program Service Revenue | $0 |
| Investment income | $16,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,513 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,511,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,096 |
| Compensation of current officers, directors, key employees. | $37,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,606 |
| Fees for services: Accounting | $4,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,078 |
| Fees for services: Other | $1,222 |
| Advertising and promotion | $0 |
| Office expenses | $332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,475 |
| All other expenses | $1,388 |
| Total functional expenses | $60,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $615,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,043,237 |
| Accounts payable and accrued expenses | $100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100 |
| Net assets without donor restrictions | $407,095 |
| Net assets with donor restrictions | $636,042 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,043,237 |