Riverhurst Memorial Association Inc
- Assets
- $5.1m
- Revenue
- $714.2k
- Investments
- $0.0
- Employees
- 14
- Location
- Endicott, NY
- Founding
- 08/1963
- Data as of
- 12/2023
- EIN
- 15-0621189
Organization Overview
Riverhurst Memorial Association Inc is located in Endicott, NY. The organization was established in 1963. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Riverhurst Memorial Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverhurst Memorial Association Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Riverhurst Memorial Association Inc generated $714.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $635.2k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND MERCHANDISE RELATED TO CEMETERY OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY LOT SALES AND SERVICES OF CRYPTS, NICHES, LOTS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Klein Director | Officer | 40 | $76,731 |
Greg Chianis Asst Secretary | Trustee | 1.5 | $3,000 |
Philip Struzzeri Vice President | Trustee | 2.5 | $3,000 |
R Ted Warner Secretary | Trustee | 1 | $3,000 |
Andrew Blight Treasurer | Trustee | 1 | $3,000 |
Joseph Meagher President | Trustee | 1 | $3,000 |
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 | $1,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,848 |
| Total Program Service Revenue | $498,895 |
| Investment income | $96,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,100 |
| Net Gain/Loss on Asset Sales | $76,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $714,236 |
| 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. | $93,481 |
| Compensation of current officers, directors, key employees. | $16,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,495 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,368 |
| Office expenses | $17,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,615 |
| Travel | $0 |
| 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 | $83,951 |
| Insurance | $26,573 |
| All other expenses | $10,345 |
| Total functional expenses | $635,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,965 |
| Savings and temporary cash investments | $62,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,488,674 |
| Investments—publicly traded securities | $2,498,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,087,922 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $13,963 |
| Other liabilities | $2,450 |
| Total liabilities | $16,413 |
| Net assets without donor restrictions | $2,572,866 |
| Net assets with donor restrictions | $2,498,643 |
| 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 | $5,087,922 |