Mount Olivet Cemetery
- Assets
- $4.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Frederick, MD
- Founding
- 05/1945
- Data as of
- 12/2021
- 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 12/2021, Mount Olivet Cemetery employed 17 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 12/2021, Mount Olivet Cemetery generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
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 |
|---|---|---|---|
J Ronald Pearcey Supt/sec/treas | OfficerTrustee | 44 | $76,030 |
James D Summers Treasurer | OfficerTrustee | 1 | $0 |
George T Horman President | OfficerTrustee | 5 | $0 |
Bert Anderson Director | Trustee | 1 | $0 |
Dale Summers Director | Trustee | 1 | $0 |
Andrew L Radcliffe 1st Vice President | 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 | $597,671 |
| Investment income | $17,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,696 |
| Net Gain/Loss on Asset Sales | $16,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $784,035 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,434,482 |
| 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 | $698,440 |
| Pension plan accruals and contributions | $47,510 |
| Other employee benefits | $87,345 |
| Payroll taxes | $56,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,305 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,086 |
| Office expenses | $13,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,828 |
| Insurance | $32,995 |
| All other expenses | $68,308 |
| Total functional expenses | $1,272,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $320,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,635,818 |
| Prepaid expenses and deferred charges | $7,098 |
| Net Land, buildings, and equipment | $707,044 |
| Investments—publicly traded securities | $1,366,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,854 |
| Total assets | $4,179,244 |
| Accounts payable and accrued expenses | $19,287 |
| Grants payable | $0 |
| Deferred revenue | $1,392,949 |
| 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 | $444,274 |
| Total liabilities | $1,856,510 |
| 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 | $2,322,734 |
| Total liabilities and net assets/fund balances | $4,179,244 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Olivet Cemetery has recieved totaling $60,504.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD PURPOSE: KEY CHAPEL HARDSCAPE EXTENSION | $60,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beth Isreal Cemetery Association Bensalem, PA | $131,465,131 | $13,044,933 |
West Laurel Hill Cemetery Co Bala Cynwyd, PA | $73,101,806 | $10,203,790 |
Clover Leaf Park Cemetery Association Bensalem, PA | $64,984,300 | $5,847,468 |
Crown Hill Cemetery Association Bensalem, PA | $43,851,770 | $4,731,978 |
Hollywood Cemetery Company Richmond, VA | $75,373,663 | $7,154,053 |
Ivy Hill Cemetery Company Philadelphia, PA | $12,453,849 | $4,553,724 |
National Association Of Cemeteries Sterling, VA | $15,757,973 | $3,923,939 |
Odd Fellows Cemetery Company Of Philadelphia Rockledge, PA | $3,101,798 | $3,510,814 |
West Laurel Hill Cemetery Co Lot Holders Trust Bala Cynwyd, PA | $58,482,437 | $2,787,702 |
Locustwood Cemetery Association Bensalem, PA | $25,303,768 | $2,404,307 |
Laurel Hill Cemetery Co Bala Cynwyd, PA | $15,778,082 | $3,358,927 |
Allegheny Cemetery Pittsburgh, PA | $23,714,888 | $3,548,085 |