Spring Hill Cemetery Association
- Assets
- $15.9m
- Revenue
- -$99.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Lynchburg, VA
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 54-0390070
Organization Overview
Spring Hill Cemetery Association is located in Lynchburg, VA. The organization was established in 1942. 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 06/2023, Spring Hill Cemetery Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Hill Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF A CEMETERY OPERATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Ashby Watts III Director | Trustee | 0.3 | $0 |
C Lynch Christian III President | OfficerTrustee | 0.3 | $0 |
Eames A Powers Jr Sec-Treasurer | OfficerTrustee | 40 | $141,210 |
David T Petty Jr Director | Trustee | 0.3 | $0 |
Christian S Hutter Director | Trustee | 0.3 | $0 |
Charles B White Vice President | OfficerTrustee | 0.3 | $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 | $280,578 |
| Investment income | $299,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $653 |
| Net Gain/Loss on Asset Sales | -$680,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$98,969 |
| 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. | $141,210 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,046 |
| Pension plan accruals and contributions | $11,918 |
| Other employee benefits | $0 |
| Payroll taxes | $37,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345 |
| Advertising and promotion | $13,088 |
| Office expenses | $28,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,475 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $128,984 |
| All other expenses | $42,126 |
| Total functional expenses | $862,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,397 |
| Savings and temporary cash investments | $3,718,765 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,934,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,889,935 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,877,412 |
| Net assets with donor restrictions | $12,523 |
| 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 | $15,889,935 |