Sunset Hills Association
- Assets
- $76.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Flint, MI
- Founding
- 01/1973
- Data as of
- 12/2023
- EIN
- 38-1083400
Organization Overview
Sunset Hills Association is located in Flint, MI. The organization was established in 1973. 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 Hills Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Hills Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Sunset Hills Association generated $3.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 5 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
OPERATION OF A CEMETERY AND CREMATORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CEMETERY AND CREMATORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Koegel President | OfficerTrustee | 1 | $1,200 |
John Koegel Vice Preside | OfficerTrustee | 1 | $1,200 |
Jeffry D Rocco Treasurer | OfficerTrustee | 1 | $1,200 |
Mark Neithercut Secretary | OfficerTrustee | 1 | $0 |
Carol Neithercut Director | Trustee | 1 | $1,200 |
Anne Rocco Director | Trustee | 1 | $1,200 |
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 | $661,610 |
| Investment income | $1,776,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,176,203 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $159,752 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,774,324 |
| 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. | $6,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $730,824 |
| Pension plan accruals and contributions | $23,391 |
| Other employee benefits | $79,688 |
| Payroll taxes | $32,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,462 |
| Fees for services: Accounting | $7,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,676 |
| Fees for services: Other | $0 |
| Advertising and promotion | $596 |
| Office expenses | $21,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,997 |
| 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 | $134,491 |
| Insurance | $19,955 |
| All other expenses | $51,164 |
| Total functional expenses | $1,513,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,937,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,254,489 |
| Prepaid expenses and deferred charges | $12,987 |
| Net Land, buildings, and equipment | $2,006,843 |
| Investments—publicly traded securities | $33,035,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,784,283 |
| Total assets | $76,204,648 |
| Accounts payable and accrued expenses | $55,977 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $372,808 |
| 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 | $60,891,949 |
| Total liabilities | $61,320,734 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $148,450 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,735,464 |
| Total liabilities and net assets/fund balances | $76,204,648 |