Memorial Park
- Assets
- $28.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 01/1938
- Data as of
- 12/2023
- EIN
- 73-0351435
Organization Overview
Memorial Park is located in Tulsa, OK. The organization was established in 1938. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Park is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Memorial Park generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMORIAL PARK CEMETERY IS DEDICATED TO PROVIDING A BEAUTIFUL RESTING PLACE FOR DECEASED INDIVIDUALS AND A TRANQUIL ATMOSPHERE FOR THEIR LOVED ONES TO REFLECT AND REMEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NON-PROFIT PUBLIC TRUST CREATED UNDER THE JURISDICTION OF TULSA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic N Schneider III Trustee | Trustee | 30 | $149,500 |
Thomas D Robertson Trustee | Trustee | 30 | $149,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T And M Lawncare Lawncare | 12/30/22 | $433,783 |
Falling Design & Construction&r&&n& Construction | 12/30/22 | $418,210 |
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 | $4,180,441 |
| Investment income | $831,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $456,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,467,754 |
| 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 | $1,163,384 |
| Pension plan accruals and contributions | $29,796 |
| Other employee benefits | $246,629 |
| Payroll taxes | $113,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,895 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $299,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,117 |
| Office expenses | $93,557 |
| 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 | $0 |
| Interest | $2,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $414,173 |
| Insurance | $171,540 |
| All other expenses | $298,042 |
| Total functional expenses | $5,481,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,959 |
| Savings and temporary cash investments | $1,123,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,249,449 |
| 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 | $5,121,475 |
| Investments—publicly traded securities | $19,865,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,013,241 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $585,000 |
| 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 | $156,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173,201 |
| Total liabilities | $914,868 |
| Net assets without donor restrictions | $6,109,014 |
| Net assets with donor restrictions | $20,989,359 |
| 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 | $28,013,241 |