Six Oaks Cemetery Inc
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head, SC
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 57-1090159
Organization Overview
Six Oaks Cemetery Inc is located in Hilton Head, SC. The organization was established in 2002. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Six Oaks Cemetery Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Six Oaks Cemetery Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $509.2k during the year ending 12/2022. While expenses have increased by 3.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIX OAKS CEMETERY, INC. IS A MUTUAL BENEFIT CORPORATION ESTABLISHED TO OPERATE A CEMETERY AND FUND A PERPETUAL CARE TRUST TO PROVIDE INCOME FOR LONG TERM MAINTENANCE AND PROVIDE A RESERVE FOR ANY NECESSARY AND USEFUL PURPOSE OF THE CEMETERY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEMETERY PROVIDES BURIAL SERVICES FOR INTERMENT RIGHT OWNERS, AND MAINTAINS 2,761 OCCUPIED, UNOCCUPIED, AND AVAILABLE-FOR-SALE BURIAL RIGHTS AND COLUMBARIUM NICHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Sigmon At-Large | Trustee | 1 | $0 |
Larry Movshin Chairman | OfficerTrustee | 1 | $0 |
Jim Kaskie Vice Chairman | OfficerTrustee | 1 | $0 |
Cary Corbitt Secretary | OfficerTrustee | 1 | $0 |
David Borghesi Treasurer | OfficerTrustee | 1 | $0 |
Charles Bennett President-Csa | Officer | 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 | $2,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,350 |
| Total Program Service Revenue | $130,422 |
| Investment income | $11,233 |
| 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 | $874,643 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,020,848 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,039 |
| Payroll taxes | $10,926 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $1,442 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,716 |
| Advertising and promotion | $18,115 |
| Office expenses | $4,600 |
| Information technology | $6,667 |
| Royalties | $0 |
| Occupancy | $1,989 |
| 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 | $1,120 |
| Insurance | $2,091 |
| All other expenses | $0 |
| Total functional expenses | $509,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,796 |
| Savings and temporary cash investments | $24,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $218,131 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,202 |
| Investments—publicly traded securities | $740,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,478,246 |
| Accounts payable and accrued expenses | $132,917 |
| 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 | $30,785 |
| Total liabilities | $163,702 |
| Net assets without donor restrictions | $1,314,544 |
| 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 | $1,478,246 |