Mount Olivet Cemetery
- Assets
- $5.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Frederick, MD
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 52-0422430
Organization Overview
Mount Olivet Cemetery is located in Frederick, MD. The organization was established in 1945. 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 12/2022, Mount Olivet Cemetery employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olivet Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Mount Olivet Cemetery generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A MUTUAL CEMETERY INCLUDING CARE AND MAINTENANCE OF FACILITIES AND GROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MUTUAL CEMETERY INCLUDING THE SALE OF BURIAL LOTS, CRYPTS, NICHES, VAULTS, MONUMENTS, BURIAL SERVICES AND RELATED CARE AND MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George T Horman President | OfficerTrustee | 5 | $0 |
Bert Anderson Director | Trustee | 1 | $0 |
Andrew L Radcliffe 1st Vice President | Trustee | 1 | $0 |
James D Summers Treasurer | OfficerTrustee | 1 | $0 |
J Ronald Pearcey Supt/sec/treas | OfficerTrustee | 44 | $80,356 |
Dale Summers Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $603,368 |
| Investment income | $19,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $895,222 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,519,808 |
| 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 | $771,687 |
| Pension plan accruals and contributions | $1,204 |
| Other employee benefits | $116,436 |
| Payroll taxes | $56,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | -$7,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,502 |
| Office expenses | $25,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,430 |
| Insurance | $29,955 |
| All other expenses | $118,619 |
| Total functional expenses | $1,415,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $548,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,673,164 |
| Prepaid expenses and deferred charges | $7,416 |
| Net Land, buildings, and equipment | $701,635 |
| Investments—publicly traded securities | $2,925,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,854 |
| Total assets | $5,907,841 |
| Accounts payable and accrued expenses | $24,511 |
| Grants payable | $0 |
| Deferred revenue | $2,681,969 |
| 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 | $797,692 |
| Total liabilities | $3,504,172 |
| Net assets without donor restrictions | $0 |
| 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 | $2,403,669 |
| Total liabilities and net assets/fund balances | $5,907,841 |