Tewksbury Cemetery Corp
- Assets
- $409.3k
- Revenue
- $196.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Tewksbury, MA
- Founding
- 05/1942
- Data as of
- 12/2021
- EIN
- 04-1897820
Organization Overview
Tewksbury Cemetery Corp is located in Tewksbury, MA. The organization was established in 1942. As of 12/2021, Tewksbury Cemetery Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tewksbury 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, Tewksbury Cemetery Corp generated $196.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $191.2k during the year ending 12/2021. While expenses have increased by 1.8% 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 MANAGEMENT AND MAINTENANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT FUND - CEMETERY SELLS BURIAL LOTS TO INDIVIDUALS WHO IN TURN BECOME VOTING MEMBERS. FOR THIS PURPOSE THE CEMETERY ACQUIRES AND IMPROVES LAND. SALES PROCEEDS ARE ALLOCATED FOR FUTURE LAND ACQUISITIONS AND IMPROVEMENTS.
PERPETUAL CARE FUND - THIS FUND IS INVESTED IN CERTIFICATES OF DEPOSIT AND SAVINGS. THE INTEREST INCOME ON INVESTMENTS IS USED AS NECESSARY FOR THE MANAGEMENT AND MAINTENANCE OF THE GROUNDS THROUGH THE MAINTENANCE FUND.
MAINTENANCE FUND - THE REVENUE FROM SPECIAL SERVICES SUCH AS GRAVE OPENINGS, AS WELL AS INTEREST EARNED ON PERPETUAL CARE FUNDS IS USED TO MANAGE AND MAINTAIN THE CEMETERY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Belida Treasurer | Trustee | $0 | |
John Bennett Vice Pres. | Trustee | $0 | |
Donald W Carter President | Trustee | $0 | |
Richard Patterson Clerk | Trustee | $0 | |
Randall Gale Trustee | Trustee | $0 | |
Tim Yost Trustee | Trustee | $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 | $196,331 |
| Investment income | $342 |
| 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 | $196,673 |
| 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 | $101,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,135 |
| 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 | $3,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,126 |
| 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 | $5,282 |
| Insurance | $13,975 |
| All other expenses | $6,852 |
| Total functional expenses | $191,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $348,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,401 |
| 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 | $2,857 |
| Net Land, buildings, and equipment | $40,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,450 |
| Total assets | $409,340 |
| Accounts payable and accrued expenses | $2,439 |
| Grants payable | $0 |
| Deferred revenue | $94,675 |
| 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 | $97,114 |
| Net assets without donor restrictions | $312,226 |
| Net assets with donor restrictions | $0 |
| 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 | $409,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lebanon Cemetery Association Of Queens Inc Glendale, NY | $206,973,270 | $17,216,733 |
Washington Cemetery C O Sidney M Schwartz Administration Building Brooklyn, NY | $33,209,096 | $3,891,507 |
Cedar Hill Cemetery Association Hartford, CT | $34,717,646 | $3,473,441 |
Mountain Grove Cemetery Association Bridgeport, CT | $53,410,849 | $6,525,033 |
Linden Hill United Methodist Cemetery Corp-Oration Ridgewood, NY | $28,147,937 | $2,167,995 |
Proprietors Of The Rural Cemetery In Worcester Worcester, MA | $11,192,674 | $1,995,230 |
Walnut Grove Cemetery Corp Danvers, MA | $1,069,437 | $530,332 |
Central Cemetery Association Of Randolph Boston, MA | $4,765,516 | $1,027,978 |
Glenwood Cemetery Association Lockport, NY | $781,742 | $230,785 |
Farmington Cemetery Assn Farmington, CT | $8,026,434 | $311,160 |
Amherst Cemetery Association Amherst, MA | $1,880,055 | $511,965 |
Tewksbury Cemetery Corp Tewksbury, MA | $409,340 | $196,673 |