Elmwood Cemetery
- Assets
- $13.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Memphis, TN
- Founding
- 01/1943
- Data as of
- 03/2024
- EIN
- 62-0193540
Organization Overview
Elmwood Cemetery is located in Memphis, TN. The organization was established in 1943. 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 03/2024, Elmwood Cemetery employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmwood Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 03/2024, Elmwood Cemetery generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.3m during the year ending 03/2024. While expenses have increased by 3.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF HISTORICAL CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE CEMETERY FOR THE BENEFIT OF THE OWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur F Fulmer III Trustee | Trustee | 1 | $0 |
Bayard Snowden Trustee | Trustee | 1 | $0 |
Calvin J Turley Trustee | Trustee | 1 | $0 |
Daniel E Conaway Trustee | Trustee | 1 | $0 |
Martin Thompson Trustee | Trustee | 1 | $0 |
Odell Horton Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,447 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,405 |
| Total Program Service Revenue | $1,067,414 |
| Investment income | $224,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,601 |
| Net Income from Fundraising Events | $33,771 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,639,197 |
| 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. | $92,538 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,452 |
| Pension plan accruals and contributions | $7,389 |
| Other employee benefits | $53,269 |
| Payroll taxes | $39,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,743 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,817 |
| Office expenses | $93,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,176 |
| 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 | $83,178 |
| Insurance | $43,654 |
| All other expenses | $23,253 |
| Total functional expenses | $1,283,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,679 |
| Savings and temporary cash investments | $491,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214,741 |
| Prepaid expenses and deferred charges | $7,232 |
| Net Land, buildings, and equipment | $1,029,473 |
| Investments—publicly traded securities | $10,720,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $505,907 |
| Total assets | $13,381,657 |
| Accounts payable and accrued expenses | $106,808 |
| 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 | $32,801 |
| Total liabilities | $139,609 |
| Net assets without donor restrictions | $6,886,379 |
| Net assets with donor restrictions | $6,355,669 |
| 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 | $13,381,657 |