Ivy Hill Cemetery Company
- Assets
- $12.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Philadelphia, PA
- Founding
- 07/1931
- Data as of
- 04/2022
- EIN
- 23-0727280
Organization Overview
Ivy Hill Cemetery Company is located in Philadelphia, PA. The organization was established in 1931. 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 04/2022, Ivy Hill Cemetery Company employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Hill Cemetery Company is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 04/2022, Ivy Hill Cemetery Company generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.5m during the year ending 04/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES BURIAL AND CREMATION SERVICES FOR PHILADELPHIA AND THE SURROUNDING AREA COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BURIAL AND CREMATION SERVICES FOR THE PHILADELPHIA AREA AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Drysdale Jr Secretary/treasurer | OfficerTrustee | 40 | $118,740 |
Alfred Knup President | OfficerTrustee | 2 | $7,251 |
Donald I Noll Vice President | OfficerTrustee | 2 | $6,734 |
Bruce F Morgan Manager | Trustee | 2 | $6,734 |
Peter Smith Manager | Trustee | 2 | $4,161 |
David Asher Manager | Trustee | 2 | $4,144 |
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 | $4,050,304 |
| Investment income | $286,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $217,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,553,724 |
| 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. | $167,932 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,493,707 |
| Pension plan accruals and contributions | $60,725 |
| Other employee benefits | $267,971 |
| Payroll taxes | $130,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,026 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,272 |
| Office expenses | $126,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,186 |
| 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 | $168,276 |
| Insurance | $83,249 |
| All other expenses | $26,063 |
| Total functional expenses | $3,459,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,586 |
| Savings and temporary cash investments | $1,158,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,948 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $122,048 |
| Prepaid expenses and deferred charges | $30,401 |
| Net Land, buildings, and equipment | $2,768,422 |
| Investments—publicly traded securities | $8,082,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,453,849 |
| Accounts payable and accrued expenses | $3,208 |
| Grants payable | $0 |
| Deferred revenue | $59,307 |
| 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 | $302,965 |
| Total liabilities | $365,480 |
| Net assets without donor restrictions | $11,977,553 |
| Net assets with donor restrictions | $110,816 |
| 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 | $12,453,849 |
Endowment Analysis
| Beg. Balance | $1,678,730 |
| Earnings | $22,059 |
| Net Contributions | $44,997 |
| Ending Balance | $1,745,786 |
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 |
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 |
Lake View Cemetery Association Cleveland, OH | $51,077,565 | $11,550,023 |
Buffalo City Cemetery Buffalo, NY | $53,373,006 | $10,103,958 |
New Cedar Park Cemetery Westwood, NJ | $108,117,854 | $8,075,200 |