Garden Of Remembrance Memorial Pk Inc
- Assets
- $12.7m
- Revenue
- $2.0m
- Investments
- $146.7k
- Employees
- 12
- Location
- Clarksburg, MD
- Founding
- 07/2000
- Data as of
- 06/2020
- EIN
- 52-2198248
Organization Overview
Garden Of Remembrance Memorial Pk Inc is located in Clarksburg, MD. The organization was established in 2000. 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 06/2020, Garden Of Remembrance Memorial Pk Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Of Remembrance Memorial Pk Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Garden Of Remembrance Memorial Pk Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.8m during the year ending 06/2020. While expenses have increased by 4.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MEMORIAL PARK AND PROVIDE BURIAL SERVICES TO THE PUBLIC THAT DIRECTLY SUPPORT AND MAINTAIN THE BASIC TENETS AND BELIEFS OF JUDAISM IN CONNECTION WITH THE PROVISION OF BURIAL SPACES, SERVICES, AND MEMORIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BURIAL SPACES, MEMORIALS, AND SERVICES TO THE PUBLIC IN ACCORDANCE WITH THE TENETS AND BELIEFS OF JUDAISM. THE GARDEN OF REMEMBRANCE IS THE REGION'S ONLY NOT-FOR-PROFIT CEMETERY OPEN TO MEMBERS OF ALL JEWISH CONGREGATIONS AS WELL AS THOSE UNAFFILIATED WITH A CONGREGATION. IT IS JEWISH OWNED AND OPERATED, AND MANAGED BY A BOARD OF COMMUNITY LEADERS. CONGREGATIONS AND INDIVIDUALS TRUST THE MEMORIAL PARK TO CARRY OUT BURIAL ARRANGEMENTS WITH DIGNITY AS WELL AS IN ACCORDANCE WITH JEWISH VALUES AND PRACTICES. EACH YEAR THE MEMORIAL PARK INVITES THE REGION'S ENTIRE JEWISH COMMUNITY TO MEMORIAL SERVICES AT THE CEMETERY TO MARK THE HIGH HOLY DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Eichberg Director | Trustee | 2 | $0 |
Susan Hanenbaum Director | Trustee | 2 | $0 |
Don Kaplan Director | Trustee | 2 | $0 |
Linda Collier Director | Trustee | 2 | $0 |
Will Schlossenberg Director | Trustee | 2 | $0 |
Bob Shapiro Audit Counsel | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,291 |
| Investment income | $170,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $749,566 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,031,040 |
| Statement of Expenses | |
|---|---|
| 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. | $279,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,432 |
| Pension plan accruals and contributions | $77,837 |
| Other employee benefits | $882 |
| Payroll taxes | $44,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,363 |
| Advertising and promotion | $34,526 |
| Office expenses | $74,787 |
| Information technology | $23,836 |
| Royalties | $0 |
| Occupancy | $14,746 |
| Travel | $421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $188,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,646 |
| Insurance | $4,443 |
| All other expenses | $0 |
| Total functional expenses | $1,776,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,253 |
| Savings and temporary cash investments | $1,339,294 |
| Pledges and grants receivable | $1,310,859 |
| Accounts receivable, net | $1,057,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,639,475 |
| Prepaid expenses and deferred charges | $4,574 |
| Investments—publicly traded securities | $4,288,609 |
| Investments—other securities | $146,672 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,706,160 |
| Accounts payable and accrued expenses | $904,102 |
| Grants payable | $0 |
| Deferred revenue | $2,766,820 |
| 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 | $12,908 |
| Unsecured mortgages and notes payable | $1,676,503 |
| Other liabilities | $4,116,910 |
| Total liabilities | $9,477,243 |
| 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 |
| Total liabilities and net assets/fund balances | $3,228,917 |