Mount Carmel Cemetery Association
- Assets
- $137.3m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 77
- Location
- Glendale, NY
- Founding
- 10/1936
- Data as of
- 12/2023
- EIN
- 11-1104550
Organization Overview
Mount Carmel Cemetery Association is located in Glendale, NY. The organization was established in 1936. 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, Mount Carmel Cemetery Association employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Carmel 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, Mount Carmel Cemetery Association generated $12.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $5.9m during the year ending 12/2023. While expenses have increased by 2.8% 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
TO OWN AND OPERATE A NON-PROFIT CEMETERY FOR THE BENEFIT OF PLOT OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINTENANCE OF THE CEMETERY, THE SALE OF GRAVES AND THE BURIAL OF THE DECEASED WERE THE PROGRAM SERVICES PROVIDED BY THE EXPENDITURES IN PART IX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Stempa President/dir | OfficerTrustee | 28 | $243,144 |
Earl Kramer Treas/director | OfficerTrustee | 0.1 | $17,000 |
Senior Rabbi Arthur Schneier Dir/chairman | OfficerTrustee | 0.1 | $17,000 |
Herman Hochberg Vice Pres/director | OfficerTrustee | 0.1 | $15,750 |
Malcolm Hoenlein Director | Trustee | 0.1 | $17,000 |
Lili Stawski Director | Trustee | 0.01 | $0 |
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 | $4,477,518 |
| Investment income | $3,900,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,337,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,635,971 |
| 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. | $1,034,214 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,992,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $624,902 |
| Payroll taxes | $335,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,913 |
| Fees for services: Accounting | $84,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,988 |
| Advertising and promotion | $0 |
| Office expenses | $92,452 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,099 |
| Insurance | $536,219 |
| All other expenses | $424,135 |
| Total functional expenses | $5,943,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,812,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $465,179 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,029,003 |
| Investments—publicly traded securities | $127,672,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,338,043 |
| Accounts payable and accrued expenses | $78,077 |
| Grants payable | $0 |
| Deferred revenue | $182,956 |
| 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 | $261,033 |
| Net assets without donor restrictions | $55,139,936 |
| Net assets with donor restrictions | $81,937,074 |
| 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 | $137,338,043 |