Albert Lea Cemetery
- Assets
- $770.9k
- Revenue
- $132.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Albert Lea, MN
- Founding
- 10/1948
- Data as of
- 02/2022
- EIN
- 41-0117920
Organization Overview
Albert Lea Cemetery, operating under the name Graceland Cemetery, is located in Albert Lea, MN. The organization was established in 1948. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graceland Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 02/2022, Graceland Cemetery generated $132.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $95.8k during the year ending 02/2022. While expenses have increased by 3.7% per year over the past 7 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
THE MISSION IS TO PROVIDE A BEAUTIFUL CEMETARY FOR THE PUBLIC IN THE ALBERT LEA MN AREA. WE SELL THE LOTS, PROVIDE FOR THE OPENING AND CLOSING OF GRAVES, MOW THE GRASS, ELIMINATE WEEDS, REMOVE FALLEN OR DEAD TREES, BLOW SNOW AND GENERAL CLEAN UP OF BRANCHES AND LEAVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION IS TO PROVIDE A BEAUTIFUL CEMETARY FOR THE PUBLIC IN THE ALBERT LEA MN AREA. WE SELL THE LOTS, PROVIDE FOR THE OPENING AND CLOSING OF GRAVES, MOW THE GRASS, ELIMINATE WEEDS, REMOVE FALLEN OR DEAD TREES, BLOW SNOW AND GENERAL CLEAN UP OF BRANCHES AND LEAVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lee Vice Preside | Officer | $0 | |
Bradford Wedge President | Officer | $0 |
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 | $4,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,245 |
| Total Program Service Revenue | $91,100 |
| Investment income | $15,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,090 |
| 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 | $5,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,062 |
| Advertising and promotion | $1,572 |
| Office expenses | $500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,082 |
| 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 | $0 |
| Insurance | $2,432 |
| All other expenses | $0 |
| Total functional expenses | $95,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,806 |
| Savings and temporary cash investments | $16,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $34,104 |
| Investments—publicly traded securities | $707,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $770,892 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $343,952 |
| Net assets with donor restrictions | $426,940 |
| 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 | $770,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Memorial Park Cemetery Association Inc Cedar Rapids, IA | $89,787,901 | $4,372,618 |
Forest Home Cemetery Inc Milwaukee, WI | $9,127,975 | $2,672,979 |
Funeral Service Foundation Inc Brookfield, WI | $12,194,327 | $2,150,777 |
Roselawn Cemetery Association Saint Paul, MN | $18,747,917 | $4,004,497 |
Forest Lawn Memorial Park Association Saint Paul, MN | $5,958,063 | $2,015,919 |
Elmhurst Cemetery Saint Paul, MN | $1,203,287 | $999,525 |
Oakland Cemetery Association St Paul, MN | $8,535,524 | $2,057,007 |
Cedar Memorial Park Cemetery Assn Inc Merchds & Serv Tr No 2110 Waterloo, IA | $5,792,219 | $548,954 |
Woodlawn Cemetery Association Green Bay, WI | $3,516,505 | $1,179,974 |
Union Cemetery Association Maplewood, MN | $9,469,438 | $2,056,595 |
Cedar Memorial Park Cemetery Assn Inc Merchds & Serv Tr No 2138 Waterloo, IA | $4,166,284 | $360,274 |
Aspen Grove Cemetery Association Burlington, IA | $3,491,243 | $840,105 |