Sunset Memorial Gardens Inc
- Assets
- $2.0m
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Fargo, ND
- Founding
- 10/1999
- Data as of
- 05/2023
- EIN
- 42-0817684
Organization Overview
Sunset Memorial Gardens Inc is located in Fargo, ND. The organization was established in 1999. 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 05/2023, Sunset Memorial Gardens Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Memorial Gardens Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 05/2023, Sunset Memorial Gardens Inc generated $152.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $110.8k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 3 years. 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
SALE OF BURIAL LOTS AND COLUMBARIUM NICHES FOR INTERMENT OF HUMAN REMAINS, MAINTENANCE OF BUILDINGS AND GROUNDS AND NORMAL ACCOUNTING AND RECORDKEEPING FOR A TYPICAL CEMETERY OPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUCCESSFULLY COMPLETED THE SALE OF BURIAL LOTS AND NICHES TO MANY PERSONS AND OPERATED THE CEMETERY IN THE USUAL EFFICIENT MANNER. WE WERE SUCCESSFUL IN BUILDING SOME CASH RESERVES FOR FUTURE NEEDS AND ALSO ADDED ADDITIONAL DOLLARS TO THE PERPETUAL CARE TRUST FUND ALTHOUGH THE TRUST FUND DECLINED IN TOTAL MARKET VALUE DUE TO DIFFICULT MARKET CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Phillips Director | Trustee | 0.5 | $0 |
Rick Nelson Director | Trustee | 0.5 | $0 |
Steve Revland Director | Trustee | 0.5 | $0 |
Cindy Besette Director | Trustee | 0.5 | $0 |
Janice Miller Director | Trustee | 2 | $0 |
Steve Eicholtz Vice President | OfficerTrustee | 1.5 | $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 | $11,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,310 |
| Total Program Service Revenue | $98,339 |
| Investment income | $36,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,548 |
| 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 | $26,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,496 |
| Fees for services: Accounting | $2,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,317 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,221 |
| Office expenses | $12,394 |
| Information technology | $5,553 |
| Royalties | $0 |
| Occupancy | $6,470 |
| Travel | $182 |
| 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 | $7,055 |
| Insurance | $6,483 |
| All other expenses | $757 |
| Total functional expenses | $110,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,611 |
| Savings and temporary cash investments | $3,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,324 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $647 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $77,021 |
| Investments—publicly traded securities | $512,792 |
| Investments—other securities | $0 |
| Investments—program-related | $1,286,954 |
| Intangible assets | $0 |
| Other assets | $44,084 |
| Total assets | $1,979,475 |
| Accounts payable and accrued expenses | $3,007 |
| 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 | $6,283 |
| Total liabilities | $9,290 |
| Net assets without donor restrictions | $683,231 |
| Net assets with donor restrictions | $1,286,954 |
| 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 | $1,979,475 |