Sumter Cemetery Association
- Assets
- $1.1m
- Revenue
- $225.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Sumter, SC
- Founding
- 12/1956
- Data as of
- 12/2021
- EIN
- 57-0279510
Organization Overview
Sumter Cemetery Association is located in Sumter, 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 12/2021, Sumter Cemetery Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sumter Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Sumter Cemetery Association generated $225.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $222.6k during the year ending 12/2021. While expenses have increased by 2.0% 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
AFFORDABLE BURIALS AND PERPETUAL CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE BURIALS AND PERPETUAL CARE OF CEMETARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicky Edwards Member | Trustee | 1 | $0 |
Jack Osteen President | Trustee | 2 | $0 |
Dibble Parker Member | Trustee | 1 | $0 |
Jimmy Saunders Member | Trustee | 1 | $0 |
Alan Thurmond Member | Trustee | 1 | $0 |
William Buxton Member | 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 | $600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600 |
| Total Program Service Revenue | $173,590 |
| Investment income | $27,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,069 |
| 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. | $41,041 |
| Compensation of current officers, directors, key employees. | $10,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $199 |
| Office expenses | $1,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,552 |
| Travel | $10 |
| 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 | $59,398 |
| Insurance | $7,830 |
| All other expenses | $13,366 |
| Total functional expenses | $222,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,387 |
| Savings and temporary cash investments | $36,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $551 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,133 |
| Net Land, buildings, and equipment | $51,509 |
| Investments—publicly traded securities | $934,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,085,395 |
| 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 | $43,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,533 |
| Total liabilities | $67,343 |
| Net assets without donor restrictions | $80,751 |
| Net assets with donor restrictions | $937,301 |
| 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 | $1,085,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Westview Cemetery Inc Atlanta, GA | $12,289,399 | $4,446,360 |
The Raleigh Cemetery Association Raleigh, NC | $12,061,266 | $1,437,460 |
Oconee Hill Cemetery Trustees Athens, GA | $4,629,906 | $1,220,313 |
Riverside Cemetery Inc Macon, GA | $1,947,128 | $520,206 |
Oakdale Cemetery Company Wilmington, NC | $4,142,166 | $939,508 |
Magnolia Cemetery Trust Charleston, SC | $5,170,240 | $461,047 |
Six Oaks Cemetery Inc Hilton Head, SC | $914,158 | $865,238 |
Hebrew Cemetery Assoc Of Charlotte Inc Charlotte, NC | $5,100,201 | $648,562 |
Westview Cemetery Irrevocable Perpetual Care Trust Fund Two Atlanta, GA | $8,558,611 | $471,814 |
Salem Cemetery Company Winstonsalem, NC | $7,864,171 | $484,002 |
North Carolina Funeral Directors Association Inc Raleigh, NC | $130,467 | $230,629 |
Sumter Cemetery Association Sumter, SC | $1,085,395 | $225,069 |