Lebanon Cemetery Association Of Queens Inc
- Assets
- $193.8m
- Revenue
- $7.9m
- Investments
- $23.9m
- Employees
- 55
- Location
- Glendale, NY
- Founding
- 09/1942
- Data as of
- 12/2022
- EIN
- 11-1104610
Organization Overview
Lebanon Cemetery Association Of Queens Inc is located in Glendale, NY. The organization was established in 1942. As of 12/2022, Lebanon Cemetery Association Of Queens Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lebanon Cemetery Association Of Queens Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Lebanon Cemetery Association Of Queens Inc generated $7.9m 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 (4.7%) each year. All expenses for the organization totaled $7.4m 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
MOUNT LEBANON CEMETERY CORPORATION WAS FORMED IN 1914 AND ORGANIZED AS THE LEBANON CEMETERY ASSOCIATION OF QUEENS, INC. BY A CERTIFICATE OF INCORPORATION FILED IN 1929. OUR MISSION, THEN AND NOW, IS TO MAINTAIN AND OPERATE A CEMETERY. SERVICES PROVIDED INCLUDE THE SALE OF BURIAL SPACE, TO MAKE INTERMENTS AND THE MAINTENANCE OF OUR GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINTENANCE OF THE CEMETERY, THE SALE OF GRAVES, THE CARE OF GRAVES, AND THE BURIAL OF THE DEAD WERE THE PROGRAM SERVICES PROVIDED RELATING TO THE EXPENDITURES SHOWN IN PART IX. IN 2022, THE ORGANIZATION SOLD 58 GRAVES, 6 FAMILY PLOTS, 18 MAUSOLEUM CRYPT SPACES, AND 7 MAUSOLEUM NICHE SPACES WHICH LED TO SALES OF $604,479. IN ADDITION, THE ORGANIZATION HELD 226 INTERMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay L Ivler President & Director | OfficerTrustee | 40 | $365,000 |
Matthew Ivler Vice President & Director | OfficerTrustee | 40 | $228,000 |
Allan Komitee Director | Trustee | 0.5 | $20,950 |
Michael Nussbaum Director | Trustee | 0.5 | $20,100 |
A Allen Block Director | Trustee | 0.2 | $15,850 |
Dominick Tarantino Director | Trustee | 0.2 | $15,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Investment Management Fees | 12/30/22 | $1,403,344 |
Brightview Landscape Services Llc Landscaping | 12/30/22 | $384,504 |
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 | $1,515,750 |
| Investment income | $5,647,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $700,307 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,863,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,900 |
| 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. | $1,046,510 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,065,827 |
| Pension plan accruals and contributions | $194,974 |
| Other employee benefits | $441,112 |
| Payroll taxes | $268,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,538 |
| Fees for services: Accounting | $59,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,451,427 |
| Fees for services: Other | $34,313 |
| Advertising and promotion | $8,750 |
| Office expenses | $127,910 |
| Information technology | $68,742 |
| Royalties | $0 |
| Occupancy | $116,470 |
| Travel | $21,461 |
| 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 | $85,152 |
| Insurance | $341,906 |
| All other expenses | $0 |
| Total functional expenses | $7,357,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,310 |
| Savings and temporary cash investments | $8,238,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,284 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,368,106 |
| Net Land, buildings, and equipment | $3,103,383 |
| Investments—publicly traded securities | $155,239,657 |
| Investments—other securities | $23,875,072 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,142 |
| Total assets | $193,805,002 |
| Accounts payable and accrued expenses | $67,727 |
| Grants payable | $0 |
| Deferred revenue | $138,102 |
| 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 | $205,829 |
| Net assets without donor restrictions | $193,599,173 |
| 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 | $193,805,002 |