Forest Hills Cemetery Assn
- Assets
- $10.2m
- Revenue
- $1.0m
- Investments
- $531.7k
- Employees
- 16
- Location
- Chattanooga, TN
- Founding
- 09/1952
- Data as of
- 12/2021
- EIN
- 62-0203780
Organization Overview
Forest Hills Cemetery Assn is located in Chattanooga, TN. The organization was established in 1952. 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, Forest Hills Cemetery Assn employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Hills Cemetery Assn is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Forest Hills Cemetery Assn generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $751.1k during the year ending 12/2021. While expenses have increased by 1.8% 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
PROVIDING BURIAL SPACE AND INTERMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING BURIAL SPACES AND INTERMENTS WITH A MISSION OF PRESERVING THE HISTORY AND HERITAGE OF THE CEMETERY AND DELIVERING DIGNIFIED SERVICES WITH INTEGRITY AND CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arch R Howell Executive Director (ended Sept. 2021) | Officer | 40 | $36,066 |
Ron Hale Trustee | OfficerTrustee | 0.5 | $7,749 |
William Brown Vice Chairman | OfficerTrustee | 1 | $0 |
Fred Speakman Secretary | OfficerTrustee | 1 | $0 |
Dwight Montague Chairman | OfficerTrustee | 1 | $0 |
Chris Painter Executive Director (start Jan. 2022) | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,068 |
| Total Program Service Revenue | $720,688 |
| Investment income | $71,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,009,652 |
| 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. | $43,815 |
| Compensation of current officers, directors, key employees. | $2,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $413,283 |
| Pension plan accruals and contributions | $14,521 |
| Other employee benefits | $12,072 |
| Payroll taxes | $32,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,176 |
| Fees for services: Accounting | $16,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,170 |
| Advertising and promotion | $0 |
| Office expenses | $12,286 |
| Information technology | $225 |
| Royalties | $0 |
| Occupancy | $13,350 |
| 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 | $30,185 |
| Insurance | $31,893 |
| All other expenses | $3,278 |
| Total functional expenses | $751,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,894 |
| Savings and temporary cash investments | $381,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,513 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $520,849 |
| Investments—publicly traded securities | $8,450,145 |
| Investments—other securities | $531,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,196,719 |
| Accounts payable and accrued expenses | $41,917 |
| 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 | $0 |
| Total liabilities | $41,917 |
| Net assets without donor restrictions | $10,154,802 |
| 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 | $10,196,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Forest Hills Cemetery Assn has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Montague Family Foundation Birmingham, AL PURPOSE: GENERAL FUND | $1,000 |
Montague Family Foundation Birmingham, AL PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cave Hill Cemetery Company Louisville, KY | $67,001,142 | $12,381,029 |
Bellefontaine Cemetery Association St Louis, MO | $166,331,381 | $12,820,734 |
Heritage Family Cemetery Inc Johnson City, TN | $5,676,861 | $3,825,994 |
Lexington Cemetery Company Lexington, KY | $150,406,302 | $9,017,874 |
Hollywood Cemetery Company Richmond, VA | $75,373,663 | $7,154,053 |
National Association Of Cemeteries Sterling, VA | $15,757,973 | $3,923,939 |
The Westview Cemetery Inc Atlanta, GA | $12,289,399 | $4,446,360 |
Elmwood Cemetery Memphis, TN | $12,394,095 | $1,802,174 |
Highland Cemetery Inc Ft Mitchell, KY | $23,478,166 | $5,931,885 |
Spring Hill Cemetery Association Lynchburg, VA | $15,390,416 | $4,913,871 |
Forest Hills Cemetery Assn Chattanooga, TN | $10,196,719 | $1,009,652 |
The Raleigh Cemetery Association Raleigh, NC | $12,061,266 | $1,437,460 |