Flushing Cemetery Association
- Assets
- $68.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Flushing, NY
- Founding
- 12/1934
- Data as of
- 12/2022
- EIN
- 11-0757660
Organization Overview
Flushing Cemetery Association is located in Flushing, NY. 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 12/2022, Flushing Cemetery Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flushing Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Flushing Cemetery Association generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INTERMENT SERVICES FOR THE BURIAL OF THE DECEASED AND TO PERMANENTLY MAINTAIN THE CEMETERY GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INTERMENT SERVICES FOR THE BURIAL OF THE DECEASED AND TO PERMANENTLY MAINTAIN THE CEMETERY GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Kowalski Assistant Tr | Officer | 32 | $97,148 |
Thomas Powell Trustee | Trustee | 5 | $36,000 |
Joseph Ficalora Treasurer | OfficerTrustee | 5 | $36,000 |
Joan Corbisiero Secretary | OfficerTrustee | 8 | $56,000 |
Charles Helly Trustee | Trustee | 5 | $36,000 |
William Nielsen President | OfficerTrustee | 8 | $57,000 |
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 | $3,581,537 |
| Investment income | $1,819,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$626 |
| Net Gain/Loss on Asset Sales | -$4,165,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,234,639 |
| 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. | $390,148 |
| Compensation of current officers, directors, key employees. | $390,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,314,259 |
| Pension plan accruals and contributions | $102,461 |
| Other employee benefits | $327,823 |
| Payroll taxes | $121,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,735 |
| Fees for services: Accounting | $37,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $436,587 |
| Fees for services: Other | $27,779 |
| Advertising and promotion | $0 |
| Office expenses | $92,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,642 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $146,224 |
| All other expenses | $193,587 |
| Total functional expenses | $3,832,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $901,896 |
| Savings and temporary cash investments | $6,176,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $61,752,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,831,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $20,510 |
| 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 | $20,510 |
| Net assets without donor restrictions | $53,942,671 |
| Net assets with donor restrictions | $14,867,891 |
| 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 | $68,831,072 |