Oak Knoll Memorial Park Inc
- Assets
- $724.7k
- Revenue
- $295.2k
- Investments
- $5.0k
- Employees
- 5
- Location
- Sterling, IL
- Founding
- 08/1961
- Data as of
- 06/2024
- EIN
- 36-2302304
Organization Overview
Oak Knoll Memorial Park Inc is located in Sterling, IL. The organization was established in 1961. 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 06/2024, Oak Knoll Memorial Park Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Knoll Memorial Park Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 06/2024, Oak Knoll Memorial Park Inc generated $295.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $358.4k during the year ending 06/2024. While expenses have increased by 3.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BURIAL & CEMETERY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY OPERATIONS BURIAL & CEMETERY SERVICES
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hinrichs Board Member | Trustee | 40 | $73,998 |
Deborah Schoonover Secretary & Treasurer | Officer | 40 | $66,594 |
Steve Nelson Board Member | Trustee | 0 | $0 |
Joanne Crocker President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,227 |
| 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 | $30,227 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,407 |
| 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 | $99,129 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,235 |
| 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 | $140,592 |
| 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 | $77,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,602 |
| 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 | $10,365 |
| Office expenses | $19,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,601 |
| 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 | $5,471 |
| Insurance | $14,310 |
| All other expenses | $0 |
| Total functional expenses | $358,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,713 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $334,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,029 |
| Total assets | $724,720 |
| Accounts payable and accrued expenses | $39,477 |
| Grants payable | $0 |
| Deferred revenue | $301,513 |
| 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 | $88,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,166 |
| Total liabilities | $436,032 |
| 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 | $288,688 |
| Total liabilities and net assets/fund balances | $724,720 |