Six Oaks Cemetery Inc
- Assets
- $914.2k
- Revenue
- $865.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head, SC
- Founding
- 04/2002
- Data as of
- 12/2021
- 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 12/2021, Six Oaks Cemetery Inc generated $865.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $448.0k during the year ending 12/2021. While expenses have increased by 2.4% 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Movshin Chairman | OfficerTrustee | 1 | $0 |
Jim Kaskie Vice Chairman | OfficerTrustee | 1 | $0 |
Carolyn Adams Secretary | OfficerTrustee | 1 | $0 |
David Borghesi Treasurer | OfficerTrustee | 1 | $0 |
Charles Bennett President-Csa | Officer | 1 | $0 |
Don Sigmon At-Large | 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 | $6,898 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,898 |
| Total Program Service Revenue | $115,780 |
| Investment income | $1,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $724,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,238 |
| 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 | $126,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,342 |
| Payroll taxes | $8,068 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| 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 | $11,835 |
| Advertising and promotion | $21,723 |
| Office expenses | $395 |
| Information technology | $637 |
| Royalties | $0 |
| Occupancy | $4,964 |
| Travel | $611 |
| 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 | $1,586 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $447,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,334 |
| Savings and temporary cash investments | $24,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $203,569 |
| Prepaid expenses and deferred charges | $2,091 |
| Net Land, buildings, and equipment | $25,092 |
| Investments—publicly traded securities | $253,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $914,158 |
| Accounts payable and accrued expenses | $50,919 |
| 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 | $20,145 |
| Total liabilities | $71,064 |
| Net assets without donor restrictions | $843,094 |
| 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 | $914,158 |
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 |