Mt Hope Cemetery Corp
- Assets
- $13.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Bangor, ME
- Founding
- 10/1934
- Data as of
- 12/2022
- EIN
- 01-0124810
Organization Overview
Mt Hope Cemetery Corp is located in Bangor, ME. The organization was established in 1934. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Mt Hope Cemetery Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Hope Cemetery Corp is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Mt Hope Cemetery Corp generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
CEMETERY & CREMATORY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE OF LOTS - GENERAL MAINTENANCE
FOUNDATIONSMISCELLANEOUS & SUNDRY
CREMATIONS
BURIALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Lord Trustee | Trustee | 1 | $0 |
Joanne Averill White Trustee | Trustee | 1 | $0 |
M Ray Bradford Trustee | Trustee | 1 | $0 |
Kelli T Hutchins Clerk | OfficerTrustee | 1 | $0 |
Jonathan M Cross Secretary | OfficerTrustee | 1 | $0 |
Richard Harnum Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $698,552 |
| Investment income | $282,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $332,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,363,285 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,107 |
| Pension plan accruals and contributions | $39,645 |
| Other employee benefits | $29,632 |
| Payroll taxes | $35,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,947 |
| Fees for services: Other | $14,445 |
| Advertising and promotion | $0 |
| Office expenses | $27,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,002 |
| Insurance | $46,537 |
| All other expenses | $14,682 |
| Total functional expenses | $1,066,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $745,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,100 |
| Prepaid expenses and deferred charges | $507,888 |
| Net Land, buildings, and equipment | $557,283 |
| Investments—publicly traded securities | $11,419,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,267,284 |
| Accounts payable and accrued expenses | $48,976 |
| 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 | $28,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,856 |
| Net assets without donor restrictions | $10,627,503 |
| Net assets with donor restrictions | $2,561,925 |
| 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 | $13,267,284 |