Elmwood Cemetery Association
- Assets
- $19.6m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Detroit, MI
- Founding
- 10/1941
- Data as of
- 12/2022
- EIN
- 38-0517840
Organization Overview
Elmwood Cemetery Association is located in Detroit, MI. The organization was established in 1941. 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 12/2022, Elmwood Cemetery Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmwood Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Elmwood Cemetery Association generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 9.6% per year over the past 8 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE THE CEMETERY OWNED BY THE TRUSTEES OF ELMWOOD CEMETERY, A MICHIGAN NONPROFIT CORPORATION (THE CEMETERY), AS WELL AS OTHER CEMETERIES NOT OWNED BY THE CEMETERY WITH WHICH THE CEMETERY MAY HAVE A CONTRACTUAL OR OTHER INTEREST FROM TIME TO TIME AND WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Mccarthy Trustee | Trustee | 1 | $0 |
Terry Peck Book Trustee | Trustee | 1 | $0 |
James Mcmillan Trustee | Trustee | 1 | $0 |
James Deutchman Trustee | Trustee | 1 | $0 |
J Michael Bernard Presidentsecretarytrustee | OfficerTrustee | 1 | $0 |
John S Snyder Treasurertrustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sloane Management Group Llc Management | 12/30/22 | $177,469 |
Woods Tree Lawn Service Lawn Maintenance | 12/30/22 | $135,400 |
Lf Sloane Consulting Group Management | 12/30/22 | $127,679 |
Apartment Seervices Co Inc Lawn Maintenance | 12/30/22 | $507,618 |
Landscape Services Inc Lawn Maintenance | 12/30/22 | $193,688 |
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 | $2,697,902 |
| Investment income | $861,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,046 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,396,272 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,046,393 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,669,980 |
| Pension plan accruals and contributions | $97,853 |
| Other employee benefits | $224,471 |
| Payroll taxes | $125,360 |
| Fees for services: Management | $222,000 |
| Fees for services: Legal | $24,175 |
| Fees for services: Accounting | $16,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,728 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,197 |
| Office expenses | $47,292 |
| Information technology | $8,806 |
| 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 | $1,018 |
| Interest | $3,687 |
| Payments to affiliates | $13,900 |
| Depreciation, depletion, and amortization | $204,584 |
| Insurance | $91,370 |
| All other expenses | $407,109 |
| Total functional expenses | $4,622,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $724,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,082,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $293,642 |
| Prepaid expenses and deferred charges | $89,350 |
| Net Land, buildings, and equipment | $2,893,923 |
| Investments—publicly traded securities | $13,692,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $823,101 |
| Total assets | $19,599,236 |
| Accounts payable and accrued expenses | $662,417 |
| Grants payable | $0 |
| Deferred revenue | $823,101 |
| 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 | $27,503 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,663,021 |
| Net assets without donor restrictions | $7,709,882 |
| Net assets with donor restrictions | $10,226,333 |
| 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 | $19,599,236 |