Ferncliff Cemetery Association
- Assets
- $318.8m
- Revenue
- $14.0m
- Investments
- $28.3m
- Employees
- 57
- Location
- Hartsdale, NY
- Founding
- 03/1932
- Data as of
- 12/2023
- EIN
- 13-0701750
Organization Overview
Ferncliff Cemetery Association is located in Hartsdale, NY. The organization was established in 1932. 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, Ferncliff Cemetery Association employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferncliff 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, Ferncliff Cemetery Association generated $14.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $11.7m during the year ending 12/2023. 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 ORGAINIZATION IS A NON-SECTARIAN CEMETERY WHICH ALSO OPERATES A CREMATORY PROVIDING FOR THE PRESENT AND FUTURE DEATH CARE NEEDS OF THE NEW YORK METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CEMETERY WHICH HAS TAX EXEMPT STATUS UNDER IRC 501C13. THE PURPOSE OF THE CEMETERY IS TO PROVIDE INTERMENT AND ENTOMBMENT SERVICES AND CARE FOR THE GRAVES, MAUSOLEUMS AND LAWN CRYPTS. ADDITIONALLY, IT OPERATES A CREMATORY FOR THE DISPOSITION OF HUMAN BODIES. DURING THE YEAR 2023 FERNCLIFF SOLD 548 BURIAL RIGHTS INCLUDING 117 GRAVES, 165 CRYPTS AND 266 NICHES. THE ORGANIZATION PERFORMED 3,922 CREMATION SERVICES. THERE WERE 807 INTERMENT SERVICES DURING THE YEAR INCLUDING 260 GROUND BURIAL AND 547 MAUSOLEUM ENTOMBMENTS AND INURNMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin M Boyd Ceo/president/board | OfficerTrustee | 35 | $432,861 |
Philip J Tassi Cfo/coo/evp/treasurer/board | OfficerTrustee | 35 | $451,782 |
Joanne Aliberto Vp/secretary | Officer | 35 | $239,803 |
Mario Robles Asst Supervisor/inscriber | 40 | $172,968 | |
Craig Burrows Sales Representative | 35 | $166,541 | |
James Baumann Facilities Manager | 40 | $157,649 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael J Sweeny Llc Landscape Design/installation | 12/30/23 | $596,556 |
Mangan Group Architects Architect | 12/30/23 | $164,115 |
Boston Partners Investment Advisor | 12/30/23 | $134,349 |
Terry Smith Communications Marketing/advertising | 12/30/23 | $127,223 |
Levin Capital Investment Advisor | 12/30/23 | $122,452 |
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 | $8,435,290 |
| Investment income | $5,785,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$210,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,047,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,810 |
| 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. | $1,663,055 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,232,892 |
| Pension plan accruals and contributions | $345,205 |
| Other employee benefits | $924,861 |
| Payroll taxes | $453,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,825 |
| Fees for services: Accounting | $37,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $925,955 |
| Fees for services: Other | $166,693 |
| Advertising and promotion | $265,733 |
| Office expenses | $281,515 |
| Information technology | $200,686 |
| Royalties | $0 |
| Occupancy | $707,748 |
| Travel | $1,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,807 |
| Interest | $430,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $679,970 |
| Insurance | $299,071 |
| All other expenses | $0 |
| Total functional expenses | $11,698,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,420 |
| Savings and temporary cash investments | $1,324,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,754,311 |
| 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 | $237,453 |
| Net Land, buildings, and equipment | $19,778,612 |
| Investments—publicly traded securities | $253,557,767 |
| Investments—other securities | $28,256,787 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,416,097 |
| Total assets | $318,846,024 |
| Accounts payable and accrued expenses | $1,785,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $11,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $834,447 |
| Total liabilities | $14,120,062 |
| Net assets without donor restrictions | $304,725,962 |
| 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 | $318,846,024 |