St Michael Cemetery Corporation
- Assets
- $25.2m
- Revenue
- $3.7m
- Investments
- $5.0m
- Employees
- 14
- Location
- Roslindale, MA
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 04-1474710
Organization Overview
St Michael Cemetery Corporation is located in Roslindale, MA. The organization was established in 1993. 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, St Michael Cemetery Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Michael Cemetery Corporation is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, St Michael Cemetery Corporation generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 3.8% 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
THE ORGANIZATION OPERATES A CEMETERY WHICH INCLUDES COMMUNITY MAUSOLEUMS AND COLUMBARIUMS. THE ORGANIZATION ALSO OPERATES AN ENVIRONMENTALLY FRIENDLY CREMATORY FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MICHAEL CEMETERY PROVIDES A RANGE OF SERVICES AND OPTIONS TO ACCOMMODATE THE NEEDS AND WISHES OF ALL, FROM TRADITIONAL BURIAL WITH MEMORIALS OR MAUSOLEUMS, PRE-PLANNING SERVICES AND PROFESSIONAL CREMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Cioffi President & Treasurer | OfficerTrustee | 10.5 | $136,000 |
Eric Cioffi Vice President & Secretary | OfficerTrustee | 10.5 | $141,199 |
William Mcgrath Trustee | Trustee | 1.5 | $10,000 |
Andrew Cioffi Trustee | Trustee | 1.5 | $10,200 |
Michael Sheehan General Manager | Officer | 40 | $231,608 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Cioffi Consulting | 12/30/22 | $108,144 |
Ubs Financial Services Inc Investment Fees | 12/30/22 | $138,956 |
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 | $3,178,897 |
| Investment income | $318,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $230,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,716,730 |
| 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. | $592,298 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $117,878 |
| Other salaries and wages | $409,544 |
| Pension plan accruals and contributions | $53,704 |
| Other employee benefits | $159,568 |
| Payroll taxes | $74,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,650 |
| Fees for services: Accounting | $21,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,956 |
| Fees for services: Other | $91,708 |
| Advertising and promotion | $32,792 |
| Office expenses | $72,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,171 |
| Insurance | $59,938 |
| All other expenses | $23,473 |
| Total functional expenses | $3,183,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,661 |
| Savings and temporary cash investments | $1,552,435 |
| 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 | $30,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,879,524 |
| Investments—publicly traded securities | $13,500,392 |
| Investments—other securities | $5,029,658 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,159,630 |
| Total assets | $25,232,300 |
| Accounts payable and accrued expenses | $115,381 |
| 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 | $1,318,448 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,193,494 |
| Total liabilities | $2,627,323 |
| Net assets without donor restrictions | $14,832,818 |
| Net assets with donor restrictions | $7,772,159 |
| 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 | $25,232,300 |