Sherwood Memorial Park Inc is located in Salem, VA. The organization was established in 1967. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Sherwood Memorial Park Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherwood Memorial Park Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Sherwood Memorial Park Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
SHERWOOD MEMORIAL PARK, INC. OPERATES AND MAINTAINS A MEMORIAL TYPE CEMETERY AND SELLS BURIAL RIGHTS, MAUSOLEUM CRYPTS, NICHES, LAWN CRYPTS, VARIOUS MERCHANDISE AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHERWOOD MEMORIAL PARK, INC. OPERATES AND MAINTAINS A MEMORIAL TYPE CEMETERY AND SELLS BURIAL RIGHTS, MAUSOLEUM CRYPTS, NICHES, LAWN CRYPTS, VARIOUS MERCHANDISE AND RELATED SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Mini President/ceo/treasurer | OfficerTrustee | 40 | $159,289 |
Melanie Bond Family Service Counselor | 40 | $118,417 | |
James Hostetter Family Service Counselor | Trustee | 40 | $110,911 |
Jean G Taylor Cob/vice President | OfficerTrustee | 5 | $8,520 |
Knox L Strube Corporate Secretary/office | OfficerTrustee | 5 | $8,520 |
Byron Randy Foley Director | Trustee | 5 | $7,920 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $144,709 |
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 | $144,709 |
Total Program Service Revenue | $582,437 |
Investment income | $574,352 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,498,362 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $860,768 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,672,890 |
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. | $421,539 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $366,735 |
Pension plan accruals and contributions | $6,378 |
Other employee benefits | $6,907 |
Payroll taxes | $58,827 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $69,607 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $132,375 |
Fees for services: Other | $0 |
Advertising and promotion | $30,936 |
Office expenses | $35,075 |
Information technology | $31,225 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $381 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $177,912 |
Insurance | $48,176 |
All other expenses | $0 |
Total functional expenses | $1,631,602 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $300 |
Savings and temporary cash investments | $851,896 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $600,178 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $5,551,172 |
Prepaid expenses and deferred charges | $40,631 |
Net Land, buildings, and equipment | $2,651,120 |
Investments—publicly traded securities | $8,878,422 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,053,115 |
Total assets | $33,626,834 |
Accounts payable and accrued expenses | $106,610 |
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 | $7,934,751 |
Total liabilities | $8,041,361 |
Net assets without donor restrictions | $25,585,473 |
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 | $0 |
Total liabilities and net assets/fund balances | $33,626,834 |
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National Parking Association Inc Washington, DC | $2,660,652 | $3,146,199 |
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