Newton Cemetery Corporation

Organization Overview

Newton Cemetery Corporation is located in Newton Centre, MA. 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, Newton Cemetery Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton 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, Newton Cemetery Corporation generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 4.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE AND MAINTAIN A GARDEN-TYPE CEMETERY, INTO THE INDEFINITE FUTURE, FOR PEOPLE OF ALL FAITHS AND TO PROVIDE, 1. A SERENE PARK LIKE ATMOSPHERE 2. MEMBERS OF THE GENERAL PUBLIC SUITABLE PRIVATE AREAS FOR CONTEMPLATION AND REMEMBRANCE 3. VARIETY OF BURIAL OPPORTUNITIES 4. OPERATE AND MAINTAIN A CREMATORY 5. OPERATE AND MAINTAIN A NON-DENOMINATIONAL CHAPEL, 6. SERVE NEEDS OF RESIDENTS OF NEWTON NOT TO EXCLUDE OTHERS, 7. DEVELOP UNOCCUPIED AREAS OF THE CEMETERY GROUNDS WITH APPROPRIATE BALANCE, 8. OFFER BURIAL SPACES IN A RANGE OF PRICES, 9. ATTRACT AND MAINTAIN COMPETENT AND PROFESSIONAL STAFF, 10. CONDUCT OPERATIONS AT APPROPRIATE LEVELS OF INCOME AND EXPENSE AND 11. INVEST ENDOWMENT FUNDS WITH ABLE PROFESSIONAL MANAGEMENT, EMPHASIZING TOTAL INVESTMENT RETURN THEREON.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE BURIAL SERVICES AND PERPETUAL CARE OF CEMETERY SPACE FOR INTERMENTS, ENTOMBMENTS AND INURNMENTS.


SALE OF LOTS AND GRAVES, GARDEN CRYPTS AND NICHES


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Board, Officers & Key Employees

Name (title)Compensation
Burdick Lalor
Chairman And Trustee
$0
Saltonstall G West
Trustee
$1,600
Bauer Lawrence
Trustee
$1,200
Farina Vincent
Trustee
$1,400
Kierstead Timothy
Trustee
$1,800
Goldberg Sara L
Trustee
$1,400

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Doug Curtiss Landscape Designing
Landscape Contractors
$111,446
Tree Tech
Landscaping
$163,175
View All Vendors

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$1,937,331
Investment income $933,694
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,673,759
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,857,708
Miscellaneous Revenue$0
Total Revenue $6,402,492

Peer Organizations

Organization NameAssets
Proprietors Of The Cemetery Of Mount Auburn
Cambridge, MA
$14,612,512
Cypress Hills Cemetery
Brooklyn, NY
$17,418,362
The Woodlawn Cemetery
Bronx, NY
$21,406,068
Kensico Cemetery
Valhalla, NY
$31,040,703
Ferncliff Cemetery Association
Hartsdale, NY
$14,047,683
Montefiore Cemetery Corporation
St Albans, NY
$21,466,915
Elmont Cemetery Inc
Elmont, NY
$11,543,272
Cedar Grove Cemetery Association
Flushing, NY
$22,568,066
Buffalo City Cemetery
Buffalo, NY
$13,597,246
Cemetery Gardens Inc-Washington Memorial Park
Mount Sinai, NY
$9,985,748
Evergreens Cemetery
Brooklyn, NY
$9,969,775
Woodlawn Cemetery
Everett, MA
$12,146,744
Mount Carmel Cemetery Association
Glendale, NY
$12,635,971
Mount Hope Cemetery Association
Hastingsonhudson, NY
$12,356,866
Proprietors Of Forest Hills Cemetery
Jamaica Plain, MA
$7,888,764
Proprietors Of Swan Point Cemetery
Providence, RI
$6,843,898
Wellwood Cemetery Association Inc
Farmingdale, NY
$7,908,670
Knollwood Cemetery
Canton, MA
$5,471,379
Beth Moses Cemetery Corp
Farmingdale, NY
$7,540,517
Maple Grove Cemetery Association Inc
Kew Gardens, NY
$5,736,920
Newton Cemetery Corporation
Newton Centre, MA
$6,402,492
Springfield L I Cemetery Society
St Albans, NY
$7,908,093
Flushing Cemetery Association
Flushing, NY
$1,234,639
Mount Calvary Cemetery Inc
Cheektowaga, NY
$5,354,327
Perpetual Care Trust Fund Greenwood Cemetery As Trustee
Brooklyn, NY
$5,669,846

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