Cypress Hills Cemetery
- Assets
- $83.1m
- Revenue
- $17.4m
- Investments
- $8.2m
- Employees
- 54
- Location
- Brooklyn, NY
- Founding
- 06/1973
- Data as of
- 12/2023
- EIN
- 11-0662180
Organization Overview
Cypress Hills Cemetery is located in Brooklyn, NY. The organization was established in 1973. 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, Cypress Hills Cemetery employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cypress Hills Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Cypress Hills Cemetery generated $17.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $15.6m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 8 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 PURPOSE OF CYPRESS HILLS CEMETERY IS TO PROVIDE A NON-SECTARIAN CEMETERY FOR BURIAL OF HUMAN REMAINS OF AN INDIVIDUAL BY THEIR LOVED ONES. THE CEMETERY ALSO PROVIDES PERPETUAL CARE OF THE GRAVES, ON REQUEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF CYPRESS HILLS CEMETERY IS TO PROVIDE A NON-SECTARIAN CEMETERY FOR BURIAL OF HUMAN REMAINS OF AN INDIVIDUAL BY THEIR LOVED ONES. THE CEMETERY ALSO PROVIDES PERPETUAL CARE FOR THE GRAVES, ON REQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Desmond Board Of Dir | Trustee | 5 | $51,654 |
Rev Thomas F Brosnan Board Of Dir | Trustee | 1 | $30,000 |
Helder Gil Board Of Dir | Trustee | 1 | $24,000 |
Samuel Romanzo Board Of Dir | Trustee | 1 | $30,000 |
Marcy Destefano Board Of Dir | Trustee | 1 | $30,000 |
Frank Seddio Board Of Dir | Trustee | 1 | $39,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Romano Paving & Contracting Corp Roadway Repairs | 12/30/23 | $1,027,010 |
United Landscapes Inc Landscaping | 12/30/23 | $788,016 |
Douglaston Land Management Inc Land Remediation | 12/30/23 | $702,992 |
Morgan Stanley Investment Fees | 12/30/23 | $388,032 |
T&s Restoration Land Remediation | 12/30/23 | $267,083 |
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 | $17,248,800 |
| Investment income | $2,404,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $109,568 |
| Net Gain/Loss on Asset Sales | -$2,344,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,418,362 |
| 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. | $1,436,707 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $174,655 |
| Other salaries and wages | $4,974,793 |
| Pension plan accruals and contributions | $351,261 |
| Other employee benefits | $1,233,534 |
| Payroll taxes | $506,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,347 |
| Fees for services: Accounting | $73,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $388,032 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $308,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,504,230 |
| Travel | $257,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,276 |
| Interest | $78,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,102,985 |
| Insurance | $604,245 |
| All other expenses | $40,382 |
| Total functional expenses | $15,556,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,001,559 |
| Savings and temporary cash investments | $1,342,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $441,913 |
| 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 | $422,357 |
| Net Land, buildings, and equipment | $15,013,925 |
| Investments—publicly traded securities | $56,704,359 |
| Investments—other securities | $8,162,820 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,089,903 |
| Accounts payable and accrued expenses | $299,340 |
| Grants payable | $0 |
| Deferred revenue | $5,099,331 |
| 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 | $2,062,319 |
| Total liabilities | $7,460,990 |
| Net assets without donor restrictions | $28,407,998 |
| Net assets with donor restrictions | $47,220,915 |
| 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 | $83,089,903 |