Restland Memorial Park Assn
- Assets
- $24.5m
- Revenue
- $2.0m
- Investments
- $6.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1953
- Data as of
- 12/2021
- EIN
- 22-1228450
Organization Overview
Restland Memorial Park Assn is located in Houston, TX. The organization was established in 1953. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restland Memorial Park Assn is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Restland Memorial Park Assn generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 8.4% 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
PROVIDE CEMETERY PROPERTY AND SERVICES TO THE PUBLIC ON BOTH A PRE-NEED AND AT-NEED BASIS AND MAINTAINING THE PROPERTY IN PERPETUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTLAND MEMORIAL PARK ASSOCIATION PROVIDES CEMETERY AND BURIAL SERVICES TO THOSE IN NEED ON A NONPROFIT BASIS IN ACCORDANCE WITH SECTION 501(C)(13).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Passodelis Vice President Operations | OfficerTrustee | 8 | $0 |
Jay Dodds President And COO | OfficerTrustee | 1 | $0 |
J Bradley Green Chief Executive Officer | OfficerTrustee | 1 | $0 |
Daniel Milliett Chief Financial Officer | OfficerTrustee | 1 | $0 |
Jennifer Hay General Counsel | Officer | 1 | $0 |
W Clark Harlow SVP Oper. Finance/acct | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Pytal Co Grounds Maintenance | 12/30/19 | $123,537 |
Cantarella Asphalt Paving Paving | 12/30/19 | $115,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $431,937 |
| Investment income | $1,311 |
| 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 | $1,498,410 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,045,999 |
| 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 | $526,085 |
| Pension plan accruals and contributions | $10,543 |
| Other employee benefits | $41,127 |
| Payroll taxes | $44,741 |
| Fees for services: Management | $812,623 |
| 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 | $1,512 |
| Advertising and promotion | $128 |
| Office expenses | $5,961 |
| Information technology | $2,832 |
| Royalties | $0 |
| Occupancy | $303,976 |
| Travel | $2,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,491 |
| Insurance | $6,592 |
| All other expenses | $5,950 |
| Total functional expenses | $2,035,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,459,801 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $633,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,012,521 |
| Prepaid expenses and deferred charges | $2,200 |
| Net Land, buildings, and equipment | $1,786,557 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,761,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,814,855 |
| Total assets | $24,470,404 |
| Accounts payable and accrued expenses | -$444,448 |
| Grants payable | $0 |
| Deferred revenue | $1,640,619 |
| 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 | $14,003,377 |
| Total liabilities | $15,199,548 |
| Net assets without donor restrictions | $9,270,856 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $24,470,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Glass-Glen Burnie Foundation San Antonio, TX | $57,955,575 | $7,795,930 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Glenwood Cemetery Historic Preservation Foundation Houston, TX | $14,327,561 | $1,485,128 |
Restland Memorial Park Assn Houston, TX | $24,470,404 | $2,045,999 |
Fort Worth South Inc Fort Worth, TX | $860,900 | $1,913,143 |
Air Legends Foundation San Antonio, TX | $20,115,931 | $3,195,000 |
Deep Ellum Foundation Dallas, TX | $1,616,864 | $1,817,112 |
Amistad Research Center New Orleans, LA | $6,399,873 | $1,567,988 |
Society Of Martha Washington Laredo, TX | $723,643 | $1,002,745 |
Cornerstones Community Partnerships Santa Fe, NM | $842,708 | $898,386 |
Louisiana Naval War Memorial Commission Baton Rouge, LA | $2,059,836 | $846,137 |