Lake View Cemetery Association
- Assets
- $5.2m
- Revenue
- $608.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Jamestown, NY
- Founding
- 09/1941
- Data as of
- 09/2022
- EIN
- 16-0516550
Organization Overview
Lake View Cemetery Association is located in Jamestown, NY. The organization was established in 1941. 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 09/2022, Lake View Cemetery Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake View Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 09/2022, Lake View Cemetery Association generated $608.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $512.1k during the year ending 09/2022. While expenses have increased by 3.9% per year over the past 7 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
OPERATION OF CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE CEMETERY, SELL SERVICES AND MEMORIALS, AS WELL AS MAINTAIN GROUNDS FOR THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh B Golden Secretary/general Manager | Officer | 40 | $50,048 |
David S Alm President | OfficerTrustee | 1 | $0 |
William R Reynolds III Vice President | OfficerTrustee | 1 | $0 |
Charles T Hall Treasurer | OfficerTrustee | 1 | $0 |
Barclay O Wellman Trustee | Trustee | 1 | $0 |
Matthew M Moore Trustee | Trustee | 1 | $0 |
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 | $2,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,040 |
| Total Program Service Revenue | $0 |
| Investment income | $117,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $304,653 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,796 |
| 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. | $51,549 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $205,849 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $9,927 |
| Other employee benefits | $36,758 |
| Payroll taxes | $35,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,264 |
| Office expenses | $14,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,716 |
| Insurance | $16,207 |
| All other expenses | $10,713 |
| Total functional expenses | $512,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,543 |
| 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 | $13,879 |
| Net Land, buildings, and equipment | $424,760 |
| Investments—publicly traded securities | $4,303,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,311 |
| Total assets | $5,247,311 |
| Accounts payable and accrued expenses | $69,013 |
| 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 | $22,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,890 |
| Net assets without donor restrictions | $851,903 |
| Net assets with donor restrictions | $4,303,518 |
| 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 | $5,247,311 |
Endowment Analysis
| Beg. Balance | $5,294,618 |
| Earnings | -$1,009,396 |
| Net Contributions | $18,296 |
| Ending Balance | $4,303,518 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pinelawn Cemetery Farmingdale, NY | $148,871,665 | $44,288,902 |
The Woodlawn Cemetery Bronx, NY | $289,264,337 | $31,058,870 |
Green-Wood Cemetery Brooklyn, NY | $248,405,077 | $23,458,957 |
Kensico Cemetery Valhalla, NY | $290,091,968 | $37,854,382 |
Cypress Hills Cemetery Brooklyn, NY | $82,294,454 | $26,282,418 |
Beth Isreal Cemetery Association Bensalem, PA | $131,465,131 | $13,044,933 |
Proprietors Of The Cemetery Of Mount Auburn Cambridge, MA | $307,764,438 | $17,833,298 |
Cedar Grove Cemetery Association Flushing, NY | $446,925,476 | $46,438,257 |
Montefiore Cemetery Corporation St Albans, NY | $170,636,293 | $20,446,217 |
Ferncliff Cemetery Association Hartsdale, NY | $321,837,368 | $32,920,471 |
Elmont Cemetery Inc Elmont, NY | $157,393,841 | $12,857,507 |
Buffalo City Cemetery Buffalo, NY | $53,373,006 | $10,103,958 |