Proprietors Of Swan Point Cemetery
- Assets
- $160.5m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 38
- Location
- Providence, RI
- Founding
- 04/1934
- Data as of
- 12/2021
- EIN
- 05-0225280
Organization Overview
Proprietors Of Swan Point Cemetery is located in Providence, RI. 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 12/2021, Proprietors Of Swan Point Cemetery employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proprietors Of Swan Point Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Proprietors Of Swan Point Cemetery generated $8.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. 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
TO PROVIDE CEMETERY AND CREMATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CEMETERY AND CREMATION SERVICES AND TO ACTIVELY PRESERVE AND MAINTAIN THE ESTATE, INCLUDING THE PROVISION OF PERPETUAL CARE (MAINTENANCE) TO LOTS, CRYPTS, AND NICHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony W Hollingshead President | Officer | 42 | $177,922 |
Rex B Morris Treasurer & CFO | Officer | 50 | $123,200 |
Mr Thomas Pi Goddard Chairman | OfficerTrustee | 8 | $51,500 |
Dr H Denman Scott Director | Trustee | 1 | $9,000 |
Mr Thomas F Woodhouse Director | Trustee | 1 | $8,500 |
Mrs Mary M Worrell Director | Trustee | 1 | $8,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precast Vault Co Inc Deliver & Install Lawn Crypts | 12/30/21 | $232,947 |
Ribi Security Grounds Security | 12/30/21 | $138,094 |
North-eastern Tree Services Inc Tree Pruning & Removals | 12/30/21 | $131,830 |
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 | $3,904,493 |
| Investment income | $2,431,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,998,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,315,473 |
| 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. | $513,182 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,280,855 |
| Pension plan accruals and contributions | $208,221 |
| Other employee benefits | $300,031 |
| Payroll taxes | $146,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,714 |
| Fees for services: Accounting | $31,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,457 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $197,208 |
| Information technology | $20,222 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $699,025 |
| Insurance | $81,912 |
| All other expenses | $0 |
| Total functional expenses | $4,678,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,766 |
| Prepaid expenses and deferred charges | $16,800 |
| Net Land, buildings, and equipment | $23,869,609 |
| Investments—publicly traded securities | $136,306,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,475,939 |
| Accounts payable and accrued expenses | $346,738 |
| Grants payable | $0 |
| Deferred revenue | $67,140 |
| 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 | $413,878 |
| Net assets without donor restrictions | $155,874,362 |
| Net assets with donor restrictions | $4,187,699 |
| 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 | $160,475,939 |
Endowment Analysis
| Beg. Balance | $116,032,639 |
| Earnings | $20,871,754 |
| Other Expense | $597,724 |
| Ending Balance | $136,306,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Cemetery Of Mount Auburn Cambridge, MA | $307,764,438 | $17,833,298 |
Woodlawn Cemetery Everett, MA | $152,489,024 | $23,473,645 |
Proprietors Of Forest Hills Cemetery Jamaica Plain, MA | $50,053,161 | $8,631,428 |
Proprietors Of Swan Point Cemetery Providence, RI | $160,475,939 | $8,315,473 |
Knollwood Cemetery Canton, MA | $8,566,152 | $4,974,759 |
Newton Cemetery Corporation Newton Centre, MA | $70,276,098 | $10,977,527 |
St Michael Cemetery Corporation Roslindale, MA | $27,660,758 | $3,435,807 |
Holyhood Cemetery Assoc Deferred West Roxbury, MA | $56,811,109 | $5,048,608 |
The Proprietors Of Cedar Grove Cemetery Dorchester, MA | $5,870,216 | $2,102,128 |
Gardens At Gethsemane Inc West Roxbury, MA | $3,636,029 | $2,125,756 |
Evergreen Cemetery Association New Haven, CT | $34,849,631 | $3,558,001 |
Lakeview Cemetery Association Bridgeport, CT | $16,867,806 | $2,293,620 |