Mount Calvary Cemetery Inc
- Assets
- $27.9m
- Revenue
- $5.4m
- Investments
- $331.5k
- Employees
- 68
- Location
- Cheektowaga, NY
- Founding
- 06/1938
- Data as of
- 12/2022
- EIN
- 16-0670100
Organization Overview
Mount Calvary Cemetery Inc is located in Cheektowaga, NY. The organization was established in 1938. 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, Mount Calvary Cemetery Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Calvary Cemetery Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Mount Calvary Cemetery Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 2.4% 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
DISPOSE OF HUMAN REMAINS WITH DIGNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CEMETERY SERVICES (INTERMENTS, ENTOMBMENTS, CREMATION ETC.), SALES OF BURIAL SPACES AND MAINTENANCE OF BUILDINGS & GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Reed President / Director | OfficerTrustee | 40 | $195,184 |
Karen M Heidenburg Sec / Treas / Director | OfficerTrustee | 40 | $74,221 |
Frieda M Hacic Administrative Vice Presid | Officer | 40 | $73,774 |
Nancy Frederickson Director | Trustee | 1 | $20,965 |
Matthew J Garvey Chairman | OfficerTrustee | 2 | $18,200 |
Rick Dean Director | Trustee | 1 | $2,800 |
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 | $1,669,603 |
| Investment income | $1,050,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,772,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $861,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,354,327 |
| 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. | $448,292 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,342,910 |
| Pension plan accruals and contributions | $45,793 |
| Other employee benefits | $314,434 |
| Payroll taxes | $171,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,153 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,787 |
| Fees for services: Other | $14,666 |
| Advertising and promotion | $20,224 |
| Office expenses | $69,645 |
| Information technology | $40,189 |
| Royalties | $0 |
| Occupancy | $111,643 |
| Travel | $15,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,388 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,741 |
| Insurance | $76,258 |
| All other expenses | $31,983 |
| Total functional expenses | $3,639,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,129,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,874,393 |
| Prepaid expenses and deferred charges | $37,778 |
| Net Land, buildings, and equipment | $556,934 |
| Investments—publicly traded securities | $22,755,450 |
| Investments—other securities | $331,505 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,948,936 |
| Accounts payable and accrued expenses | $180,107 |
| Grants payable | $0 |
| Deferred revenue | $1,406,560 |
| 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 | $1,586,667 |
| Net assets without donor restrictions | $25,342,732 |
| Net assets with donor restrictions | $1,019,537 |
| 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 | $27,948,936 |
Endowment Analysis
| Beg. Balance | $19,712,865 |
| Earnings | $2,641,078 |
| Admin Expense | $65,701 |
| Net Contributions | $288,437 |
| Other Expense | $1,083,392 |
| Ending Balance | $21,493,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
New Cedar Park Cemetery Westwood, NJ | $108,117,854 | $8,075,200 |