Milford Cemetery Association
- Assets
- $13.5m
- Revenue
- $948.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Milford, CT
- Founding
- 02/1960
- Data as of
- 12/2023
- EIN
- 06-0736007
Organization Overview
Milford Cemetery Association is located in Milford, CT. The organization was established in 1960. 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, Milford Cemetery Association employed 8 individuals. This organization is the central organization for a national or regional group of organizations. Milford Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Milford Cemetery Association generated $948.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $654.5k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PRESERVE AND MAINTAIN THE CEMETERY GROUNDS LOCATED IN MILFORD, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY ASSOCIATION SERVES TO PRESERVE AND MAINTAIN THE CEMETERY GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Beard President/director/acting | OfficerTrustee | 1 | $0 |
Joel Baldwin Treasurer/director | OfficerTrustee | 0 | $0 |
Max Case Secretary/director | OfficerTrustee | 0 | $0 |
Arthur Stowe Director | Trustee | 0 | $0 |
Stephen Wing Director | Trustee | 0 | $0 |
James L Richetelli Jr Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,250 |
| 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 | $9,250 |
| Total Program Service Revenue | $507,266 |
| Investment income | $140,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $291,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $948,591 |
| 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 | $258,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,841 |
| Payroll taxes | $26,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,329 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,411 |
| Advertising and promotion | $477 |
| Office expenses | $7,206 |
| Information technology | $0 |
| 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 | $2,371 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,796 |
| Insurance | $51,166 |
| All other expenses | $60,448 |
| Total functional expenses | $654,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,115 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,694,380 |
| Investments—publicly traded securities | $10,699,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,138 |
| Total assets | $13,505,851 |
| Accounts payable and accrued expenses | $9,337 |
| 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 | $62,045 |
| Total liabilities | $71,382 |
| Net assets without donor restrictions | $13,434,469 |
| 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 | $13,505,851 |