Fairview Cemetery
- Assets
- $44.2m
- Revenue
- $9.0m
- Investments
- $298.3k
- Employees
- 14
- Location
- Westfield, NJ
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 22-0900920
Organization Overview
Fairview Cemetery is located in Westfield, NJ. The organization was established in 1967. As of 12/2021, Fairview Cemetery employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairview Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Fairview Cemetery generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 2.0% 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
OPERATION AND MAINTENANCE OF A CEMETERY FOR INTERMENT AND OTHER SERVICES FOR FAMILIES IN CENTRAL NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY OPERATIONS, BURIALS, AND GROUNDS MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Ralph Executive Director/sec./treas. | Officer | 55 | $164,900 |
Carl W Desch Jr Trustee | Trustee | 2 | $17,800 |
Cornelius Vanderbilt Jr President - Trustee | OfficerTrustee | 6 | $15,100 |
David Roberts Asst Treas/asst Sec - Trustee | OfficerTrustee | 3 | $14,400 |
Barbara Vincentsen Trustee | Trustee | 3 | $14,400 |
Michael P Locascio Trustee | Trustee | 3 | $13,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investment Partners Investment Mgmt | 12/30/21 | $228,480 |
Merendino Cemetery Care Cemetery Care | 12/30/21 | $307,485 |
Ra Pfeifer Paving Contractors Inc Contractor | 12/30/21 | $228,358 |
View All Vendors
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 | $977,676 |
| Investment income | $983,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,004,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,988,284 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,953,351 |
| 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. | $309,800 |
| Compensation of current officers, directors, key employees. | $87,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,790 |
| Pension plan accruals and contributions | $19,047 |
| Other employee benefits | $134,897 |
| Payroll taxes | $53,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,780 |
| Fees for services: Accounting | $48,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,013 |
| Fees for services: Other | $8,868 |
| Advertising and promotion | $14,626 |
| Office expenses | $45,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,483 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,207 |
| Insurance | $69,410 |
| All other expenses | $61,341 |
| Total functional expenses | $2,646,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,677 |
| Savings and temporary cash investments | $20,179,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468,106 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,008,456 |
| Prepaid expenses and deferred charges | $5,927 |
| Net Land, buildings, and equipment | $4,177,569 |
| Investments—publicly traded securities | $16,590,823 |
| Investments—other securities | $298,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,192 |
| Total assets | $44,206,218 |
| Accounts payable and accrued expenses | $145,391 |
| Grants payable | $0 |
| Deferred revenue | $761,430 |
| 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 | $188,267 |
| Total liabilities | $1,095,088 |
| Net assets without donor restrictions | $11,303,459 |
| Net assets with donor restrictions | $31,807,671 |
| 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 | $44,206,218 |
Endowment Analysis
| Beg. Balance | $27,784,867 |
| Earnings | $3,801,087 |
| Net Contributions | $221,737 |
| Ending Balance | $31,807,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lebanon Cemetery Association Of Queens Inc Glendale, NY | $206,973,270 | $17,216,733 |
Washington Cemetery C O Sidney M Schwartz Administration Building Brooklyn, NY | $33,209,096 | $3,891,507 |
Fairview Cemetery Westfield, NJ | $44,206,218 | $8,953,351 |
Linden Hill United Methodist Cemetery Corp-Oration Ridgewood, NY | $28,147,937 | $2,167,995 |
Erie Cemetery Erie, PA | $39,421,729 | $3,169,665 |
Evergreen Cemetery Association Inc Morristown, NJ | $68,204,871 | $4,210,509 |
Chester Rural Cemetery Assn Chester, PA | $2,707,139 | $568,868 |
Cemetery Association Of Dunmore Dunmore, PA | $27,955,840 | $4,348,213 |
Knollwood Cemetery Perp Care Trust 10116230000 Pittsburgh, PA | $10,424,252 | $874,516 |
Glenwood Cemetery Association Lockport, NY | $781,742 | $230,785 |
Beth Israel Cemetery Association Mendham, NJ | $1,244,695 | $166,320 |
Morefield Cemetery Assn Hermitage, PA | $1,072,523 | $115,321 |