Cemetery Gardens Inc-Washington Memorial Park

The information for Cemetery Gardens Inc-Washington Memorial Park is as of the organization's most recent filing in December '21. This organization is located in Mount Sinai, NY. It has been in existence for 72 years, following its founding in 1949.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Cemetery Gardens Inc-Washington Memorial Park is a mutual and membership benefit organization classified under the NTEE code Y50. This code indicates that the organization is primarily involved in maintaining cemeteries and providing burial or funeral services for charitable purposes. Specifically, this organization falls under the major classification of Mutual & Membership Benefit and the minor classification of Cemeteries. It is governed by section 13 of the Internal Revenue Code, which pertains to Cemetery Companies. The mission of Cemetery Gardens Inc-Washington Memorial Park is to own and operate a non-profit cemetery for the benefit of plot owners.

Program Areas

The maintenance of the cemetery, the sale of graves and crypts, the care of graves and mausoleums, and the burial of the deceased were the program services provided by expenditures in Part IX within the general fund.

Organization Staffing

Cemetery Gardens Inc-Washington Memorial Park has 59 employees, with 10 of them earning over $100k according to the organization's most recent 990 tax filing. The organization does not rely on volunteers for support.

Board Governance

Cemetery Gardens Inc-Washington Memorial Park, a non-profit organization, appears to have some governance practices in place, but there are areas that could be improved. The organization has a total of 6 voting members, but it does not have any independent members. This lack of independent members may raise concerns about potential conflicts of interest within the organization. While the organization does have a conflict of interest policy and requires disclosure of conflicts, the fact that committee meetings are not documented raises questions about how effectively these policies are implemented. Documentation of board meetings is a positive aspect, as it ensures transparency and accountability. Additionally, the organization has a written whistleblower policy and a document retention policy, which are essential for maintaining ethical standards and ensuring the preservation of important records. However, it is concerning that the organization does not substantiate and review leadership and officer salaries. This lack of review may lead to potential issues regarding compensation and financial management. On a positive note, the organization provides copies of the 990 to the board prior to filing, indicating a commitment to transparency and financial accountability. Overall, while Cemetery Gardens Inc-Washington Memorial Park has some governance practices in place, there are areas that could be improved to enhance transparency, accountability, and mitigate potential conflicts of interest.

Organization Growth

Cemetery Gardens Inc-Washington Memorial Park has experienced growth over the given time period. The program service revenue increased from $8.5 million in 2014 to $10 million in 2021. Similarly, the investment income also saw significant growth, rising from $56.1 thousand in 2014 to $645.3 thousand in 2021. The total revenue of the organization increased from $8.6 million in 2014 to $10.6 million in 2021. Additionally, the number of employees increased from 37 in 2014 to 59 in 2021. However, it is worth noting that while the employee salaries and total expenses also increased during this time period, they are not the primary focus of the discussion. Overall, the nonprofit organization has shown growth in its key financial indicators and employee count.

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Board, Officers & Key Employees

Name (title)Compensation
Tracy Palm
Director/vp Sales
$468,708
Chaun Yu Cheung
Salesperson
$307,716
John Yeatman
Pres/treas/dir
$274,608
Guy Saxton
Vp/sec/dir
$274,608
Christina Bertell
Sales Manager
$200,188
Hamid Malik
Salesperson
$165,412

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$9,994,819
Investment income $169,730
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $475,618
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,640,167

Endowment Analysis

Beg. Balance$66,855
Earnings$2,178
Other Expense$2,072
Ending Balance$66,961

Peer Organizations

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Cedar Grove Cemetery Association
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Montefiore Cemetery Corporation
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Ferncliff Cemetery Association
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$32,920,471
Elmont Cemetery Inc
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$12,857,507
Buffalo City Cemetery
Buffalo, NY
$10,103,958
New Cedar Park Cemetery
Westwood, NJ
$8,075,200

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