Proprietors Of Swan Point Cemetery
- Assets
- $157.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Providence, RI
- Founding
- 04/1934
- Data as of
- 12/2023
- 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 12/2023, Proprietors Of Swan Point Cemetery employed 43 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 12/2023, Proprietors Of Swan Point Cemetery generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. 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
2023
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
PROVIDED CEMETERY AND CREMATION SERVICES AND ACTIVELY PRESERVED AND MAINTAINED 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 |
|---|---|---|---|
Mr Thomas Pi Goddard Chairman | OfficerTrustee | 8 | $57,000 |
Mr Thomas F Woodhouse Director | Trustee | 1 | $8,500 |
Mr J Michael Costello Director | Trustee | 1 | $8,500 |
Mr Kinnaird Howland ESQ Director | Trustee | 1 | $8,500 |
Mr Gregory Derderian Director | Trustee | 1 | $8,000 |
Mrs Mary M Worrell Thru 423 Director | Trustee | 1 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North-eastern Tree Services Inc Tree Pruning & Removals | 12/30/23 | $246,060 |
Ribi Security Grounds Security | 12/30/23 | $157,920 |
Lombardi Construction Company Mansonry Services | 12/30/23 | $128,190 |
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 | $3,497,649 |
| Investment income | $3,057,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,843,898 |
| 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. | $702,413 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,360,829 |
| Pension plan accruals and contributions | $205,561 |
| Other employee benefits | $265,781 |
| Payroll taxes | $166,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,679 |
| Fees for services: Accounting | $34,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,409 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $231,478 |
| Information technology | $21,524 |
| 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 | $743,973 |
| Insurance | $125,175 |
| All other expenses | $32,807 |
| Total functional expenses | $5,467,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,906 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,952 |
| Prepaid expenses and deferred charges | $49,502 |
| Net Land, buildings, and equipment | $23,575,042 |
| Investments—publicly traded securities | $132,946,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $157,263,110 |
| Accounts payable and accrued expenses | $418,767 |
| Grants payable | $0 |
| Deferred revenue | $95,035 |
| 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 | $513,802 |
| Net assets without donor restrictions | $152,734,017 |
| Net assets with donor restrictions | $4,015,291 |
| 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 | $157,263,110 |