Mount Elliott Cemetery
- Assets
- $297.4m
- Revenue
- $24.4m
- Investments
- $27.0m
- Employees
- 114
- Location
- Detroit, MI
- Founding
- 05/1942
- Data as of
- 09/2023
- EIN
- 38-0856070
Organization Overview
Mount Elliott Cemetery is located in Detroit, MI. The organization was established in 1942. As of 09/2023, Mount Elliott Cemetery employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Elliott Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 09/2023, Mount Elliott Cemetery generated $24.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $17.7m during the year ending 09/2023. While expenses have increased by 0.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE INTERNMENT, ENTOMBMENT AND CREMATION SERVICES TO CHRISTIAN FAMILIES IN THE GREATER DETROIT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Rizik Trustee | Trustee | 5 | $52,600 |
Edward Miller Trustee | Trustee | 5 | $51,400 |
George Fadool Trustee | Trustee | 5 | $53,400 |
James Connelly Vice President | OfficerTrustee | 5 | $66,200 |
Jessica Willis Trustee | Trustee | 5 | $46,400 |
Mark Van Faussien Trustee | Trustee | 5 | $51,600 |
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 | $3,746,938 |
| Investment income | $7,023,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,986,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,499,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,436,022 |
| 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. | $1,477,814 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,136,146 |
| Pension plan accruals and contributions | -$138,396 |
| Other employee benefits | $1,202,962 |
| Payroll taxes | $642,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,302 |
| Fees for services: Accounting | $134,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,450 |
| Advertising and promotion | $946,846 |
| Office expenses | $1,030,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $678,706 |
| Travel | $146,867 |
| 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 | $698,664 |
| Insurance | $256,149 |
| All other expenses | $253,395 |
| Total functional expenses | $17,676,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,419,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,231,779 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,412,023 |
| Prepaid expenses and deferred charges | $36,386 |
| Net Land, buildings, and equipment | $5,237,525 |
| Investments—publicly traded securities | $185,684,872 |
| Investments—other securities | $27,000,518 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,373,842 |
| Total assets | $297,396,923 |
| Accounts payable and accrued expenses | $623,144 |
| Grants payable | $0 |
| Deferred revenue | $3,997,950 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,440,781 |
| Total liabilities | $14,061,875 |
| Net assets without donor restrictions | $283,335,048 |
| 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 | $297,396,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Elliott Cemetery Detroit, MI | $297,396,923 | $24,436,022 |
Cincinnati Catholic Cemetery Society Cincinnati, OH | $13,108,090 | $1,439,582 |
Evergreen Cemetery Assn Fort Atkinson, WI | $1,743,290 | $230,613 |
Glenwood Cemetery Association Warren, MI | $749,432 | $110,441 |
Maplewood Cemetery Perpetual Care Fund Mischawaka, IN | $1,663,203 | $173,391 |
Walnut Grove Cemetery Assn Delphos, OH | $516,964 | $77,574 |
Oakwood Cemetery Beaver Dam, WI | $512,039 | $113,173 |
Lutheran Cemetery Association Stoughton, WI | $276,789 | $36,340 |
Albright Cemetery Perpetural Care Fund Brooklyn, OH | $1,185,970 | $93,661 |