Memorys Garden Inc
- Assets
- $12.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Albany, NY
- Founding
- 05/1960
- Data as of
- 12/2022
- EIN
- 14-0880795
Organization Overview
Memorys Garden Inc is located in Albany, NY. The organization was established in 1960. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Memorys Garden Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorys Garden Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Memorys Garden Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CEMETERY GROUNDS AND RELATED SALES AND SERVICES AND MAINTENANCE OF CEMETERY GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CEMETERY GROUNDS AND RELATED SALES AND SERVICES AND MAINTENANCE OF CEMETERY GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mazmanian Executive Di | Trustee | 40 | $111,390 |
Cheryl Kowalski President | OfficerTrustee | 1 | $0 |
Andy Marino Secretary | OfficerTrustee | 1 | $0 |
Frank Coluccio Treasurer | OfficerTrustee | 1 | $0 |
Sharon M Greenfield Vice Preside | OfficerTrustee | 1 | $0 |
Raymond Paradise Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,306 |
| Total Program Service Revenue | $369,275 |
| Investment income | $138,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,208,080 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,931,290 |
| 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. | $111,390 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $569,598 |
| Pension plan accruals and contributions | $8,546 |
| Other employee benefits | $20,882 |
| Payroll taxes | $53,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,226 |
| Fees for services: Other | $2,647 |
| Advertising and promotion | $7,488 |
| Office expenses | $40,304 |
| Information technology | $7,016 |
| Royalties | $0 |
| Occupancy | $21,750 |
| Travel | $1,322 |
| 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 | $65,120 |
| Insurance | $49,537 |
| All other expenses | $0 |
| Total functional expenses | $1,190,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $681,131 |
| Savings and temporary cash investments | $215,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,812 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $810,604 |
| Prepaid expenses and deferred charges | $30,683 |
| Net Land, buildings, and equipment | $471,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,723,262 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,027,997 |
| Accounts payable and accrued expenses | $115,525 |
| Grants payable | $0 |
| Deferred revenue | $1,990,521 |
| 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 | $2,106,046 |
| Net assets without donor restrictions | $5,519,789 |
| Net assets with donor restrictions | $4,402,162 |
| 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 | $12,027,997 |
Endowment Analysis
| Beg. Balance | $4,348,833 |
| Earnings | $17,955 |
| Admin Expense | $38,731 |
| Net Contributions | $74,105 |
| Ending Balance | $4,402,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feinstein Health Fund Inc Hauppauge, NY | $26,525,981 | $4,778,709 |
Association For Neurologically Impaired Brain Injured Children Oakland Gardens, NY | $9,382,901 | $10,982,997 |
National Brain Tumor Society Inc Newton, MA | $10,033,142 | $8,931,225 |
Brain Injury Alliance Of New Jersey Inc North Brunswick, NJ | $2,301,807 | $3,507,261 |
Hudson Valley Mental Health Inc Poughkeepsie, NY | $0 | $1,860,422 |
Dana Alliance For Brain Initiatives Inc New York, NY | $97,683 | $1,932,083 |
Adler Aphasia Center Maywood, NJ | $8,836,078 | $3,241,055 |
Tippecanoe Memory Gardens Inc Buckingham, PA | $5,663,488 | $2,065,383 |
United Social & Mental Health Resources Inc Dayville, CT | $15,531,005 | $1,369,798 |
Memorys Garden Inc Albany, NY | $12,027,997 | $1,931,290 |
Childrens Brain Tumor Foundation Inc New York, NY | $1,362,351 | $1,379,183 |
Bridges For Brain Injury Inc Farmington, NY | $208,133 | $1,029,989 |