Mt Hope Cemetery Corp
- Assets
- $14.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Bangor, ME
- Founding
- 10/1934
- Data as of
- 12/2021
- 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 12/2021, Mt Hope Cemetery Corp employed 10 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 12/2021, Mt Hope Cemetery Corp generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $910.7k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
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
CREMATIONS
BURIALS
FOUNDATIONSMISCELLANEOUS & SUNDRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan M Cross Secretary | OfficerTrustee | 1 | $0 |
Kelli T Hutchins Clerk | OfficerTrustee | 1 | $0 |
Benjamin D Carlisle Treasurer | OfficerTrustee | 1 | $0 |
Richard Harnum Chairman | OfficerTrustee | 1 | $0 |
Jon F Dawson Trustee | Trustee | 1 | $0 |
John M Lord Trustee | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $673,576 |
| Investment income | $247,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $402,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,323,972 |
| 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 | $370,700 |
| Pension plan accruals and contributions | $40,107 |
| Other employee benefits | $31,240 |
| Payroll taxes | $35,813 |
| 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 | $36,168 |
| Fees for services: Other | $10,878 |
| Advertising and promotion | $0 |
| Office expenses | $5,375 |
| 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 | $126,685 |
| Insurance | $37,820 |
| All other expenses | $35,058 |
| Total functional expenses | $910,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $516,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,850 |
| Prepaid expenses and deferred charges | $537,658 |
| Net Land, buildings, and equipment | $590,145 |
| Investments—publicly traded securities | $12,970,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,654,410 |
| Accounts payable and accrued expenses | $48,994 |
| 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 | $45,994 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $94,988 |
| Net assets without donor restrictions | $12,132,623 |
| Net assets with donor restrictions | $2,426,799 |
| 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 | $14,654,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mt Hope Cemetery Corp has recieved totaling $7,523.
| Awarding Organization | Amount |
|---|---|
Carl E Danforth Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $7,523 |
Endowment Analysis
| Beg. Balance | $12,954,468 |
| Earnings | $1,581,624 |
| Net Contributions | $110,226 |
| Other Expense | $86,896 |
| Ending Balance | $14,559,422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mt Hope Cemetery Corp Bangor, ME | $14,654,410 | $1,323,972 |
Laurel Hill Cemetery Association Saco, ME | $13,087,093 | $1,272,165 |
Rochester Cemetery Association Rochester, NH | $3,891,635 | $426,246 |
Exeter Cemetery Association Exeter, NH | $2,498,309 | $312,779 |
Dreamkeepers Inc Ellsworth, ME | $113,702 | $0 |
Hope Cemetery Corporation Kennebunk, ME | $1,559,253 | $191,657 |
Glenwood Cemetery Corp Littleton, NH | $568,120 | $202,304 |
Mount Auburn Cemetery Corp Auburn, ME | $2,081,156 | $133,565 |
Farmington Cemetery Farmington, NH | $1,853,608 | $112,798 |
New Hampshire Veterans Cemetery Association Inc Concord, NH | $1,512,851 | $164,550 |
Bayside Cemetery Association Laconia, NH | $1,527,012 | $93,473 |
Last Rest Cemetary Association Merrimack, NH | $520,432 | $157,728 |