Sunset Hills Association
- Assets
- $63.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Flint, MI
- Founding
- 01/1973
- Data as of
- 12/2020
- 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 12/2020, Sunset Hills Association employed 9 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 12/2020, Sunset Hills Association generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CEMETERY AND CREMATORY OPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CEMETERY AND CREMATORY
OPERATION OF A CEMETERY AND CREMATORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert J Koegel Chairman Eme | OfficerTrustee | 1 | $1,200 |
Jeffry D Rocco Secretary/tr | OfficerTrustee | 1 | $1,200 |
Barbara L Koegel Director | OfficerTrustee | 1 | $1,200 |
John Koegel Vice Preside | OfficerTrustee | 1 | $1,200 |
Kathryn Koegel President | OfficerTrustee | 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 | $704,645 |
| Investment income | $1,726,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$365,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $352,017 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,030 |
| 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 | $549,302 |
| Pension plan accruals and contributions | $29,062 |
| Other employee benefits | $125,900 |
| Payroll taxes | $31,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $560 |
| Office expenses | $7,654 |
| Information technology | $0 |
| 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 | $442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,062 |
| Insurance | $24,972 |
| All other expenses | $67,136 |
| Total functional expenses | $1,157,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,063,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,424,096 |
| Prepaid expenses and deferred charges | $7,114 |
| Net Land, buildings, and equipment | $1,754,920 |
| Investments—publicly traded securities | $23,199,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,236,645 |
| Total assets | $63,807,434 |
| Accounts payable and accrued expenses | $44,890 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $338,469 |
| 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 | $53,620,677 |
| Total liabilities | $54,004,036 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $150,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,653,398 |
| Total liabilities and net assets/fund balances | $63,807,434 |
Endowment Analysis
| Beg. Balance | $29,230,853 |
| Earnings | $527,001 |
| Admin Expense | $207,898 |
| Net Contributions | $12,302 |
| Other Expense | $619,934 |
| Ending Balance | $28,942,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Park Cemetery Association Inc Indianapolis, IN | $57,549,845 | $13,115,645 |
Lake View Cemetery Association Cleveland, OH | $51,077,565 | $11,550,023 |
Elmwood Cemetery Association Detroit, MI | $22,526,904 | $6,677,870 |
Toledo Memorial Park & Mausoleum Sylvania, OH | $29,699,848 | $3,122,965 |
Woodland Cemetery Assoc Of Dayton Dayton, OH | $43,455,878 | $4,734,488 |
Calvary Cemetery Association Of Dayton Ohio Dayton, OH | $41,468,386 | $5,939,486 |
Crown Hill Cemetery Indianapolis, IN | $75,777,693 | $824,020 |
Springfield Cemetery Springfield, OH | $36,123,052 | $3,991,457 |
Union Cemetery Association Of Clinton Township Columbus, OH | $17,428,047 | $2,875,713 |
Forest Home Cemetery Inc Milwaukee, WI | $9,127,975 | $2,672,979 |
Woodside Cemetery Association Middletown, OH | $23,469,990 | $6,470,841 |
Glendale Cemetery Association Cincinnati, OH | $14,180,572 | $2,544,429 |