Sunset Memorial Park
- Assets
- $1.7m
- Revenue
- $584.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 12/1942
- Data as of
- 12/2021
- EIN
- 21-0683634
Organization Overview
Sunset Memorial Park is located in Red Bank, NJ. The organization was established in 1942. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Memorial Park is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Sunset Memorial Park generated $584.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $291.2k during the year ending 12/2021. While expenses have increased by 0.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CEMETERY LOCATED AT 1605 UNION AVE, PENNSAUKEN TOWNSHIP, NJ, SERVES MANY HUNDREDS OF FAMILIES WITH THEIR BURIAL NEEDS AND PROVIDES A VITAL SERVICE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY SERVES MANY HUNDREDS OF FAMILIES WITH THEIR BURIAL NEEDS AND PROVIDES A VITAL SERVICE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Depasquale Former Trustee 2019 | 5 | $16,752 | |
Louis Cicalese President | OfficerTrustee | 0 | $0 |
Michael Baratta Vice President | OfficerTrustee | 0 | $0 |
David Heintz Trustee | Trustee | 0 | $0 |
David Jacobs Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elevated Inc Sales/marketing Serv | 12/30/16 | $53,027 |
Elevated Inc Data Proc & It Serv | 12/30/16 | $21,932 |
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 | $574,543 |
| Investment income | $48,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$37,730 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,717 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $8,417 |
| Insurance | $0 |
| All other expenses | $5,384 |
| Total functional expenses | $291,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,625 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,379 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,687 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $397 |
| Investments—publicly traded securities | $858,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $535,405 |
| Total assets | $1,711,119 |
| Accounts payable and accrued expenses | $385,045 |
| 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 | $0 |
| Other liabilities | $8,340 |
| Total liabilities | $393,385 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,317,734 |
| Total liabilities and net assets/fund balances | $1,711,119 |
Endowment Analysis
| Beg. Balance | $462,395 |
| Earnings | $52,537 |
| Admin Expense | $15,786 |
| Net Contributions | $36,259 |
| Ending Balance | $535,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |