Morgan-Cemetery Inc
- Assets
- $4.3m
- Revenue
- $913.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 22-2854827
Organization Overview
Morgan-Cemetery Inc is located in Red Bank, NJ. The organization was established in 2015. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan-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, Morgan-Cemetery Inc generated $913.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $640.3k during the year ending 12/2022. While expenses have increased by 19.3% 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
CEMETERY LOCATED AT 1100 CINNAMINSON AVE, CINNAMINSON, NJ 08077, SERVED FAMILIES WITH THEIR BURIAL NEEDS AND PROVIDED A VITAL SERVICE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY SERVED FAMILIES WITH THEIR BURIAL NEEDS AND PROVIDED A VITAL SERVICE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Cicalese President | OfficerTrustee | 0.5 | $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 |
|---|---|---|
Harleigh Cemetery Association Cemetery Operations | 12/30/22 | $165,000 |
Saucha Trust Interest On Debt | 12/30/22 | $235,938 |
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 | $815,012 |
| Investment income | $10,366 |
| 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 | $68,939 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $913,422 |
| 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 | $6,420 |
| 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 | $235,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,762 |
| Insurance | $0 |
| All other expenses | $2,365 |
| Total functional expenses | $640,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,115 |
| Savings and temporary cash investments | $1,567,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,942,453 |
| Prepaid expenses and deferred charges | $5,081 |
| Net Land, buildings, and equipment | $27,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $703,764 |
| Total assets | $4,316,650 |
| Accounts payable and accrued expenses | $7,703 |
| 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 | $2,970,833 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,978,536 |
| 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 | $1,338,114 |
| Total liabilities and net assets/fund balances | $4,316,650 |