Mobile Memorial Gardens Inc
- Assets
- $11.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Mobile, AL
- Founding
- 08/1973
- Data as of
- 12/2022
- EIN
- 63-0333459
Organization Overview
Mobile Memorial Gardens Inc is located in Mobile, AL. The organization was established in 1973. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. As of 12/2022, Mobile Memorial Gardens Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mobile Memorial Gardens Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Mobile Memorial Gardens Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF ENDOWMENT CARE CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ENDOWMENT CARE CEMETERY INCLUDING SALE OF LOTS, INTERMENTS, CRYPTS, VAULTS, MARKERS AND OTHER MATERIALS TO LOT OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Pennington Trustee | Trustee | 2 | $22,600 |
Michael Denniston Trustee | Trustee | 2 | $13,500 |
Robert M Montiel Trustee | Trustee | 2 | $13,500 |
Steve Baker Trustee | Trustee | 2 | $0 |
Brian D Shake President | Officer | 40 | $177,813 |
Scott C Nofziger Sales Manage | Officer | 40 | $168,354 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,147,669 |
| Investment income | $9,295 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,414,092 |
| 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. | $395,767 |
| Compensation of current officers, directors, key employees. | $395,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,200,315 |
| Pension plan accruals and contributions | $31,637 |
| Other employee benefits | $5,658 |
| Payroll taxes | $121,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,241 |
| Advertising and promotion | $28,854 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,518 |
| Insurance | $0 |
| All other expenses | $128,936 |
| Total functional expenses | $2,522,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,495,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,909,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,023,803 |
| Inventories for sale or use | $1,113,050 |
| Prepaid expenses and deferred charges | $703,395 |
| Net Land, buildings, and equipment | $995,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,242,146 |
| Accounts payable and accrued expenses | $149,381 |
| Grants payable | $0 |
| Deferred revenue | $9,180,434 |
| 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 | $198,444 |
| Total liabilities | $9,528,259 |
| Net assets without donor restrictions | $1,713,887 |
| 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 | $11,242,146 |