Ridgewood Cemetery Association
- Assets
- $5.6m
- Revenue
- $985.9k
- Investments
- $0.0
- Employees
- 10
- Location
- North Andover, MA
- Founding
- 01/1924
- Data as of
- 04/2022
- EIN
- 04-1774040
Organization Overview
Ridgewood Cemetery Association is located in North Andover, MA. The organization was established in 1924. 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 04/2022, Ridgewood Cemetery Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewood Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 04/2022, Ridgewood Cemetery Association generated $985.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $603.0k during the year ending 04/2022. 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
RIDGEWOOD CEMETERY IS A PRIVATE NOT-FOR-PROFIT CEMETERY SERVING FAMILIES REPRESENTING ALL RELIGIONS, CULTURES AND WALKS OF LIFE IN A TRADITION OF COMPASSION, INTEGRITY AND EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIDGEWOOD CEMETERY ASSOCIATION (RCA) OPERATES A FULL SERVICE CEMETERY, INCLUDING GRAVE LOT SALES AND INTERMENTS. RCA ALSO OVERSEES THE CARE, MAINTENANCE, RESTORATION AND PRESERVATION OF THE CEMETERY, A PORTION OF WHICH IS FUNDED THROUGH A COMMUNITY PRESERVATION GRANT FROM THE TOWN OF NORTH ANDOVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Polumbo Superintendent | Officer | 40 | $82,356 |
Joseph Pelich President | OfficerTrustee | 1 | $0 |
James Lafond Vice President | OfficerTrustee | 1 | $0 |
Bradford Wakeman Treasurer | OfficerTrustee | 1 | $0 |
Dr Robert Atwood Clerk | OfficerTrustee | 1 | $0 |
David Rand Trustee | Trustee | 0.5 | $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 | $422,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,695 |
| Total Program Service Revenue | $483,697 |
| Investment income | $54,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $985,875 |
| 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. | $88,264 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,796 |
| Payroll taxes | $22,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,479 |
| Fees for services: Other | $2,633 |
| Advertising and promotion | $0 |
| Office expenses | $11,101 |
| Information technology | $1,631 |
| Royalties | $0 |
| Occupancy | $20,401 |
| Travel | $9,137 |
| 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 | $102,486 |
| Insurance | $12,201 |
| All other expenses | $7,715 |
| Total functional expenses | $602,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,133 |
| Savings and temporary cash investments | $50,896 |
| Pledges and grants receivable | $7,414 |
| Accounts receivable, net | $18,834 |
| 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 | $2,723 |
| Net Land, buildings, and equipment | $2,791,747 |
| Investments—publicly traded securities | $2,328,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,564,276 |
| Accounts payable and accrued expenses | $8,009 |
| 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 | $8,009 |
| Net assets without donor restrictions | $5,308,315 |
| Net assets with donor restrictions | $247,952 |
| 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 | $5,564,276 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ridgewood Cemetery Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Lawrence And Alice Valenstein Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $2,775,795 |
| Earnings | -$151,363 |
| Net Contributions | $137,469 |
| Other Expense | $382,476 |
| Ending Balance | $2,379,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pinelawn Cemetery Farmingdale, NY | $148,871,665 | $44,288,902 |
The Woodlawn Cemetery Bronx, NY | $289,264,337 | $31,058,870 |
Green-Wood Cemetery Brooklyn, NY | $248,405,077 | $23,458,957 |
Kensico Cemetery Valhalla, NY | $290,091,968 | $37,854,382 |
Cypress Hills Cemetery Brooklyn, NY | $82,294,454 | $26,282,418 |
Proprietors Of The Cemetery Of Mount Auburn Cambridge, MA | $307,764,438 | $17,833,298 |
Cedar Grove Cemetery Association Flushing, NY | $446,925,476 | $46,438,257 |
Montefiore Cemetery Corporation St Albans, NY | $170,636,293 | $20,446,217 |
Ferncliff Cemetery Association Hartsdale, NY | $321,837,368 | $32,920,471 |
Elmont Cemetery Inc Elmont, NY | $157,393,841 | $12,857,507 |
Buffalo City Cemetery Buffalo, NY | $53,373,006 | $10,103,958 |
Cemetery Gardens Inc-Washington Memorial Park Mount Sinai, NY | $36,167,072 | $10,640,167 |