Fairview Endowment Fund Inc
- Assets
- $369.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brownstown, IN
- Founding
- 04/2006
- Data as of
- 12/2023
- EIN
- 32-0165321
Organization Overview
Fairview Endowment Fund Inc is located in Brownstown, IN. The organization was established in 2006. 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. Fairview Endowment Fund Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Fairview Endowment Fund Inc generated $14.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $72.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE CEMETERY OF THE TOWN OF BROWNSTOWN, INDIANA. ENDOWMENT EARNINGS ARE USED FOR THE PERPETUAL CARE OF THE CEMETERY, SUCH AS ROAD MAINTENANCE, LANDSCAPING, STRUCTURE MAINTENANCE, AND MARKER MAINTENANCE. ON SEPTEMBER 27, 2023, THE ORGANIZATION GRANTED $50,000 TO THE TOWN OF BROWNSTOWN FOR THE BENEFIT OF THE TOWN CEMETERY. IN 2023, THE ORGANIZATION PAID $7,000 TO JAMES PHILLIPS TO MAINTAIN AND ENTER NEW INFORMATION ON THE BROWNSTOWN FAIRVIEW CEMETERY WEBSITE, INCLUDING GRAVE SITES, OBITUARIES AND HEADSTONE PICTURES, AND PAID $400 TO BRIAN SOMMERS FOR ADDITIONAL CONTRACT WORK. THESE EXPENDITURES ARE INCLUDED IN REPORTABLE COMPENSATION PAID TO DIRECTORS IN PART IV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Bane Member | 1 | $2,000 | |
Walter Mccormick Member | 1 | $2,000 | |
Scott Butt Member | 1 | $2,000 | |
Brian Sommers Secretary/treasurer | 1 | $2,400 | |
James Phillips Member | 1 | $9,000 | |
Luke Nolting President | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,768 |
| Gain or Loss | $2,755 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,623 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,400 |
| Professional fees and other payments to independent contractors | $2,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $71,975 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $369,898 |
| Other assets | $0 |
| Total assets | $369,898 |
| Total liabilities | $0 |
| Net assets or fund balances | $369,898 |