New Bethlehem Cemetery Assoc Inc
- Assets
- $1.5m
- Revenue
- $201.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Horn Lake, MS
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 64-0592190
Organization Overview
New Bethlehem Cemetery Assoc Inc is located in Horn Lake, MS. The organization was established in 1999. 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. New Bethlehem Cemetery Assoc Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, New Bethlehem Cemetery Assoc Inc generated $201.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $21.4k during the year ending 12/2021. While expenses have increased by 12.5% 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
SELL BURIAL SPACES AND MAITAIN CEMETERY GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN CEMETERY GROUNDS, MARK GRAVE SPACES FOR BURIALS, AND SELL RIGHT TO BURY ON APPROXIMATELY 7 ACRES OF LAND. WE SOLD 22 LOTS IN 2020. REVENUE IS FROM GRAVE SALES AND MAINTENANCE CONTRIBUTIONS.
WE OWN A CARETAKER HOUSE THAT WE NOW RENT AND USE THE RENT MONEY TO HELP PAY FOR A PROFESSIONAL CARETAKER AND LAWN SERVICE.
INVEST REVENUES IN BONDS, CD'S, AND MUTUAL FUNDS TO BUILD UP A PERPETUAL CARE FUND SUFFICIENT TO MAINTAIN THE CEMETERY AFTER A LL BURIAL SPACES ARE SOLD AND AS NEW BURIALS OCCUR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Ashcraft Chairman | Officer | 4 | $0 |
Kim Wallis Secretary | Officer | 0.5 | $0 |
Billy Worsham Director | Trustee | 0.5 | $0 |
Joyce Boone Director | Trustee | 0.5 | $0 |
Mary Lee Brown Director | Trustee | 0.5 | $0 |
David Van Breakman Director | Trustee | 0.5 | $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 | $8,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,005 |
| Total Program Service Revenue | $9,000 |
| Investment income | $156,359 |
| 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 | $28,500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,864 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,919 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $80,000 |
| Investments—publicly traded securities | $1,272,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,458,737 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $105,869 |
| Paid-in or capital surplus, or land, building, or equipment fund | $80,000 |
| Retained earnings, endowment, accumulated income, or other funds | $1,272,868 |
| Total liabilities and net assets/fund balances | $1,458,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Family Cemetery Inc Johnson City, TN | $5,676,861 | $3,825,994 |
Elmwood Cemetery Memphis, TN | $12,394,095 | $1,802,174 |
Forest Hills Cemetery Assn Chattanooga, TN | $10,196,719 | $1,009,652 |
Lake Park Cemetery Laurel, MS | $9,659,734 | $802,748 |
Roselawn Memorial Park Association Little Rock, AR | $4,373,536 | $375,711 |
Natchez Cemetery Association Natchez, MS | $2,398,837 | $522,467 |
Greenwood Incorporated Clarksville, TN | $433,342 | $406,015 |
Pleasant Rest Memorial Gardens Of Millington Inc Memphis, TN | $533,678 | $357,989 |
Tennessee Funeral Directors Association Inc Nashville, TN | $361,013 | $342,012 |
Mable Rogan Lovette Tuw Fbo Mikinney Cemetery At Rogersville Knoxville, TN | $5,884,503 | $605,804 |
Oak Hill Memorial Association Cemetery Birmingham, AL | $603,639 | $420,333 |
Magnolia Cemetery Perpetual Care Fund Mobile, AL | $8,644,373 | $1,157,850 |