Magnolia Cemetery Trust

Organization Overview

Magnolia Cemetery Trust is located in Charleston, SC. The organization was established in 1956. 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, Magnolia Cemetery Trust employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Cemetery Trust is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.

For the year ending 12/2022, Magnolia Cemetery Trust generated $357.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $544.2k during the year ending 12/2022. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CEMETERY

Describe the Organization's Program Activity:

Part 3 - Line 4a

OTHER NONPROFIT CEMETERY COMPANIES AND CREMATORIA MUST BE CHARTERED SOLELY FOR THE PURPOSES OF BURIAL OR CREMATION. THEY CANNOT BE PERMITTED BY THEIR CHARTERS TO ENGAGE IN ANY BUSINESS NOT NECESSARILY INCIDENT TO THAT PURPOSE. 4.76.21.3.1 (08-09-2006)


OTHER NONPROFIT CEMETERY COMPANIES AND CREMATORIA MUST BE CHARTERED SOLELY FOR THE PURPOSES OF BURIAL OR CREMATION. THEY CANNOT BE PERMITTED BY THEIR CHARTERS TO ENGAGE IN ANY BUSINESS NOT NECESSARILY INCIDENT TO THAT PURPOSE. 4.76.21.3.1 (08-09-2006)


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Board, Officers & Key Employees

Name (title)Compensation
Beverly M Donald
Secretary Of
$85,002
John P Barnwell
Trustee
$0
Lucia Daniel
Trustee
$0
Samuel W Howell
Trustee
$0
Hall T Mcgee III
Trustee
$0
David H Maybank Jr
Trustee
$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$80,554
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$80,554
Total Program Service Revenue$179,904
Investment income $97,024
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $357,482

Peer Organizations

Organization NameAssets
The Westview Cemetery Inc
Atlanta, GA
$3,290,951
Oakdale Cemetery Company
Wilmington, NC
$436,526
The Raleigh Cemetery Association
Raleigh, NC
$1,509,220
Riverside Cemetery Inc
Macon, GA
$447,376
Oconee Hill Cemetery Trustees
Athens, GA
$427,546
Magnolia Cemetery Trust
Charleston, SC
$357,482
Six Oaks Cemetery Inc
Hilton Head, SC
$1,020,848
Hebrew Cemetery Assoc Of Charlotte Inc
Charlotte, NC
$697,501
Salem Cemetery Company
Winstonsalem, NC
$425,225
Georgia Funeral Directors Association Inc
Roswell, GA
$246,389
North Carolina Funeral Directors Association Inc
Raleigh, NC
$230,629
Sumter Cemetery Association
Sumter, SC
$291,050
Friends Of Oconee Hill Cemetery Inc
Athens, GA
$0
Buffalo-Jonesboro Cemetery Inc
Sanford, NC
$185,652
Westview Cemetery Irrevocable Perpetual Care Trust Fund Two
Atlanta, GA
$605,419
J S Parker Cemetery Association
Georgetown, SC
$192,628
Grove Hill Cemetery Co
Darlington, SC
$0
Mt Gur Cemetery Association Inc
Kernersville, NC
$3,317
Green Family Memorial Gardens
Greensboro, NC
$14,996
Mount Hope Mausoleum Trust
Wilmington, NC
$80,647
Harris Burial Fund
Cumming, GA
$53,730
Rosemont Cemetery Association Perpetual Care Fund
Prosperity, SC
$67,997
Georgia Cemetary Association
Marietta, GA
$0
N C Cemetery Association
State Road, NC
$0
Sparta Cemetery Perpetual Care Inc
Sparta, GA
$29,112

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