Beverly Hills Cemetery Corporation
- Assets
- $15.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Putnam Valley, NY
- Founding
- 11/1971
- Data as of
- 12/2022
- EIN
- 13-5615845
Organization Overview
Beverly Hills Cemetery Corporation is located in Putnam Valley, NY. The organization was established in 1971. 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, Beverly Hills Cemetery Corporation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Hills Cemetery Corporation is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Beverly Hills Cemetery Corporation generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $3.1m 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 PERMANENT MAINTENANCE,CURRENT MAINTENANCE,AND PERPETUAL CARE FOR THE CEMETERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY OPERATIONS - SALES OF GRAVES AND CRYPTS, MAINTENANCE OF CRYPTS AND GRAVE MARKERS, INTERMENTS AND ENTOMBMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Bolli Asst. Secretary/asst. Trea | OfficerTrustee | 25 | $42,915 |
Aaron Shipper President | OfficerTrustee | 35 | $170,262 |
Earl Reiss Director | Trustee | 1 | $0 |
Katherine Magnuson Director | Trustee | 1 | $0 |
John Welshons Director | Trustee | 2 | $0 |
David Shipper Vice Pres./secretary/treas | OfficerTrustee | 25 | $172,392 |
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 | $984,980 |
| Investment income | $290,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$142,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,136,934 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,270,460 |
| 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. | $804,939 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $477,339 |
| Pension plan accruals and contributions | $31,181 |
| Other employee benefits | $272,247 |
| Payroll taxes | $122,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,560 |
| Fees for services: Accounting | $59,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,250 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,547 |
| Office expenses | $34,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,537 |
| Insurance | $87,332 |
| All other expenses | $194,232 |
| Total functional expenses | $3,112,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $910,637 |
| Savings and temporary cash investments | $11,623,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $959,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214,721 |
| Prepaid expenses and deferred charges | $102,994 |
| Net Land, buildings, and equipment | $1,133,026 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $825,968 |
| Total assets | $15,770,290 |
| Accounts payable and accrued expenses | $74,180 |
| Grants payable | $0 |
| Deferred revenue | $1,178,752 |
| 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 | $3,949,284 |
| Total liabilities | $5,202,216 |
| Net assets without donor restrictions | $3,660,995 |
| Net assets with donor restrictions | $6,907,079 |
| 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 | $15,770,290 |