Olivewood Memorial Park
- Assets
- $53.8m
- Revenue
- $4.5m
- Investments
- $4.8m
- Employees
- 21
- Location
- Riverside, CA
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 33-0960970
Organization Overview
Olivewood Memorial Park is located in Riverside, CA. The organization was established in 2001. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Olivewood Memorial Park employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivewood Memorial Park is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Olivewood Memorial Park generated $4.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO SELL GRAVES, LOTS, OR PLACES OF INTERMENT AND TO PROVIDE MAINTENANCE TO SAID PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THERE WERE 395 BURIALS, 14 ENTOMBMENT AND 62 INURNMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Brown President | Officer | 1 | $14,400 |
Timothy L Evans Vice President | Officer | 1 | $14,400 |
Sandra L Ross Secretary | Officer | 1 | $14,400 |
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 | $217,678 |
| Investment income | $846,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,138 |
| Net Gain/Loss on Asset Sales | $694,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,726,113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,515,457 |
| 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. | $43,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $889,045 |
| Pension plan accruals and contributions | $49,213 |
| Other employee benefits | $262,920 |
| Payroll taxes | $69,335 |
| 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 | $146,095 |
| Fees for services: Other | $44,285 |
| Advertising and promotion | $0 |
| Office expenses | $206,243 |
| 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 | $680,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,575 |
| Insurance | $105,417 |
| All other expenses | $45,406 |
| Total functional expenses | $3,216,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $795,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,986,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $641,414 |
| Investments—publicly traded securities | $28,089,352 |
| Investments—other securities | $4,816,318 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,697 |
| Total assets | $53,788,719 |
| Accounts payable and accrued expenses | $18,705 |
| 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 | $0 |
| Secured mortgages and notes payable | $10,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,252 |
| Total liabilities | $10,078,957 |
| Net assets without donor restrictions | $43,709,762 |
| 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 | $53,788,719 |