Glenwood Cemetery Inc
- Assets
- $103.8m
- Revenue
- $15.8m
- Investments
- $40.4m
- Employees
- 41
- Location
- Houston, TX
- Founding
- 03/1942
- Data as of
- 12/2023
- EIN
- 74-0646320
Organization Overview
Glenwood Cemetery Inc is located in Houston, TX. The organization was established in 1942. 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 12/2023, Glenwood Cemetery Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenwood Cemetery Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Glenwood Cemetery Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 6.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, MANAGE, MAINTAIN, IMPROVE & OPERATE CEMETERY INCLUDING SALE OF LOTS FOR BURIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED, MAINTAINED, IMPROVED AND OPERATED APPROXIMATELY 88 ACRES OF CEMETERY PROPERTY. LOT SALES, BURIAL OF HUMAN REMAINS, AND ANCILLARY SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William P Conner Director | Trustee | 1 | $0 |
Wallace S Wilson Vice President/treasurer/d | OfficerTrustee | 1 | $0 |
William N Mathis Director | Trustee | 1 | $0 |
Lora Jean Kilroy Wilson Director | Trustee | 1 | $0 |
Edward K Neuhaus Secretary/director | OfficerTrustee | 1 | $0 |
W Temple Webber III Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dreyfus Construction Co Inc Construction | 12/30/23 | $667,575 |
Erosion Control Systems Inc Erosion Control | 12/30/23 | $341,250 |
Eagle Granite Co Inc Granite Supplier | 12/30/23 | $159,163 |
7q Unlimited Llc Dba Prime Tech Solutio It Services | 12/30/23 | $186,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,639,341 |
| 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 | $9,639,341 |
| Total Program Service Revenue | $1,438,043 |
| Investment income | $883,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$89,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,878,696 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,811,027 |
| 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. | $502,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,672 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,411 |
| Payroll taxes | $94,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $199,747 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $106,786 |
| Information technology | $39,379 |
| Royalties | $0 |
| Occupancy | $113,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $564,632 |
| Insurance | $216,801 |
| All other expenses | $254,932 |
| Total functional expenses | $3,886,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,462 |
| Savings and temporary cash investments | $4,758,830 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,276,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $902,988 |
| Inventories for sale or use | $12,542,150 |
| Prepaid expenses and deferred charges | $28,584 |
| Net Land, buildings, and equipment | $32,588,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,353,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,817,303 |
| Accounts payable and accrued expenses | $235,921 |
| Grants payable | $0 |
| Deferred revenue | $252,079 |
| 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 | $488,000 |
| Net assets without donor restrictions | $103,329,303 |
| 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 | $103,817,303 |