Sunset Memorial Park Inc
- Assets
- $23.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 26
- Location
- Albuquerque, NM
- Founding
- Data as of
- 12/2023
- EIN
- 35-2683350
Organization Overview
Sunset Memorial Park Inc is located in Albuquerque, NM. 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 12/2023, Sunset Memorial Park Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Memorial Park Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Sunset Memorial Park Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 3 years. 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
PROVIDE A FINAL RESTING PLACE FOR LOVED ONE'S REMAINS AND OFFER A BEAUTIFUL PLACE FOR FAMILY TO VISIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY - PROVIDE A FINAL RESTING PLACE FOR LOVED ONE'S REMAINS AND OFFER A BEAUTIFUL PLACE FOR FAMILY TO VISIT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Antram President | OfficerTrustee | 0.2 | $0 |
Alice Brousseau Secretary | OfficerTrustee | 0.2 | $0 |
Bob Bovinette Director | Trustee | 0.2 | $8,000 |
Michelle Coons Director | Trustee | 0.2 | $8,000 |
Cole Flanagan Director | Trustee | 0.2 | $7,000 |
Laree Perez Director | Trustee | 0.2 | $8,000 |
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 | $880,385 |
| Investment income | $91,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,403,989 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,384,019 |
| 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. | $142,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $924,149 |
| Pension plan accruals and contributions | $35,347 |
| Other employee benefits | $189,875 |
| Payroll taxes | $78,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,383 |
| Fees for services: Accounting | $21,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,665 |
| Fees for services: Other | $34,980 |
| Advertising and promotion | $6,096 |
| Office expenses | $86,857 |
| Information technology | $52,271 |
| Royalties | $0 |
| Occupancy | $367,721 |
| Travel | $2,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,216 |
| Insurance | $30,766 |
| All other expenses | $0 |
| Total functional expenses | $2,788,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,208,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $424,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,832,932 |
| Prepaid expenses and deferred charges | $30,035 |
| Net Land, buildings, and equipment | $1,732,984 |
| Investments—publicly traded securities | $1,310,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,377,596 |
| Total assets | $23,917,498 |
| Accounts payable and accrued expenses | $138,397 |
| 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 | $17,941 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,549,614 |
| Total liabilities | $2,705,952 |
| Net assets without donor restrictions | $6,461,628 |
| Net assets with donor restrictions | $14,749,918 |
| 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 | $23,917,498 |