Fairmount Cemetery Assoc
- Assets
- $1.4m
- Revenue
- $120.5k
- Investments
- $369.8k
- Employees
- 5
- Location
- Presque Isle, ME
- Founding
- 10/1949
- Data as of
- 12/2021
- EIN
- 01-0207022
Organization Overview
Fairmount Cemetery Assoc is located in Presque Isle, ME. The organization was established in 1949. 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, Fairmount Cemetery Assoc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmount Cemetery Assoc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Fairmount Cemetery Assoc generated $120.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $110.6k during the year ending 12/2021. While expenses have increased by 5.7% 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
ACQUIRE LAND, MANAGE AND OPERATE SAME FOR USE BY THE PUBLIC AS A CEMETERY, FURNISH PERPETUAL CARE OF THE GRAVESITES AND ADJOINING AREAS, SUPERVISE AND CONTROL USE OF THE CEMETERY FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO ROADS WERE REPAVED AND REPAIRS WERE MADE TO VARIOUS SMALLER ROAD SECTIONS
BURIALS AND INTERNMENTS: THERE WERE 69 INTERNMENTS DONE IN THE YEAR 2021 INCLUDING 18 FULL CASKET BURIALS AND 51 CREMATION REMAINS
GRAVESITES WERE MAINTAINED THROUGH THE LEVELING OF THE SURFACE OF THE GRAVESITES AS NECESSARY, SEEDING THE GRAVE LOTS WITH GRASS AS NEEDED, TRIMMING OR REMOVING TREES AND SHRUBBERY, AND THE REMOVAL OF FALLEN BRANCHES, LEAVES, LITTER AND OTHER DEBRIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Duncan Trustee - Secretary | OfficerTrustee | 6 | $3,000 |
David H Blanchard Trustee - Treasurer | OfficerTrustee | 3 | $2,200 |
Donald A Savage Trustee - President | OfficerTrustee | 3 | $1,000 |
Craig Green Trustee - Vice President | OfficerTrustee | 1 | $0 |
Ronald Fitzgerald Trustee | Trustee | 0 | $0 |
Nathan Grass Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $695 |
| 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 | $695 |
| Total Program Service Revenue | $69,815 |
| Investment income | $49,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $120,467 |
| 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. | $6,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,265 |
| Payroll taxes | $3,971 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,820 |
| 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 | $8,422 |
| Insurance | $805 |
| All other expenses | $268 |
| Total functional expenses | $110,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,978 |
| 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 | $0 |
| Net Land, buildings, and equipment | $100,110 |
| Investments—publicly traded securities | $796,666 |
| Investments—other securities | $369,839 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,378,593 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $111,978 |
| Paid-in or capital surplus, or land, building, or equipment fund | $100,110 |
| Retained earnings, endowment, accumulated income, or other funds | $1,166,505 |
| Total liabilities and net assets/fund balances | $1,378,593 |
Endowment Analysis
| Beg. Balance | $1,074,422 |
| Earnings | $139,510 |
| Other Expense | $47,426 |
| Ending Balance | $1,166,506 |
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 |