Glenwood Cemetery Inc
- Assets
- $78.9m
- Revenue
- $8.0m
- Investments
- $42.6m
- Employees
- 41
- Location
- Houston, TX
- Founding
- 03/1942
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Glenwood Cemetery Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 4.7% 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
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Ambrus Executive Director/vice Pr | OfficerTrustee | 40 | $315,139 |
Carmen H Alliston Director Of Sales And Admi | 40 | $150,179 | |
Dylan Carroll Superintendent | 40 | $107,962 | |
Wallace S Wilson Vice President/treasurer/d | OfficerTrustee | 1 | $0 |
Edward K Neuhaus Secretary/director | OfficerTrustee | 1 | $0 |
Ransom C Lummis Chairman/president/directo | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Granite Co Inc Granite Supplier | 12/30/21 | $275,129 |
Dreyfus Construction Co Inc Construction | 12/30/21 | $419,779 |
Erosion Control Systems Inc Erosion Control | 12/30/21 | $196,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,428,887 |
| 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 | $2,428,887 |
| Total Program Service Revenue | $1,647,975 |
| Investment income | $550,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,213,417 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,030,495 |
| 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. | $315,139 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $742,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,434 |
| Payroll taxes | $75,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $235,142 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $72,481 |
| Information technology | $25,620 |
| Royalties | $0 |
| Occupancy | $83,387 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $401,670 |
| Insurance | $156,924 |
| All other expenses | $181,157 |
| Total functional expenses | $3,062,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,330,663 |
| Savings and temporary cash investments | $2,753,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,266,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $780,918 |
| Inventories for sale or use | $13,166,487 |
| Prepaid expenses and deferred charges | $22,417 |
| Net Land, buildings, and equipment | $12,994,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,605,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,920,060 |
| Accounts payable and accrued expenses | $354,778 |
| Grants payable | $0 |
| Deferred revenue | $296,944 |
| 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 | $651,722 |
| Net assets without donor restrictions | $78,268,338 |
| 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 | $78,920,060 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Glenwood Cemetery Inc has recieved totaling $379,000.
| Awarding Organization | Amount |
|---|---|
Hildebrand Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $200,000 |
William S And Lora Jean Kilroy Foundation Houston, TX PURPOSE: CHARITABLE PURPOSES | $170,000 |
Crain Foundation Longview, TX PURPOSE: GENERAL CONTRIBUTION FOR CEMETARY | $6,000 |
The Vaughn Foundation Houston, TX PURPOSE: GENERAL | $2,000 |
Joseph H Thompson Fund South Pasadena, CA PURPOSE: TO ESTABLISH, MANAGE, MAINTAIN, IMPROVE & OPERATE CEMETERY INCLUDING SALE OF LOTS FOR BURIAL | $1,000 |
Endowment Analysis
| Beg. Balance | $34,608,887 |
| Earnings | $6,741,991 |
| Net Contributions | $1,317,456 |
| Other Expense | $389,405 |
| Ending Balance | $42,278,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Olivet Cemetery Association Fort Worth, TX | $198,668,509 | $14,562,842 |
Llano Cemetery Association Amarillo, TX | $16,655,418 | $4,306,793 |
Glenwood Cemetery Inc Houston, TX | $78,920,060 | $8,030,495 |
Oakwood Cemetery Association Waco, TX | $17,400,419 | $2,668,322 |
Resurrection Memorial Cemetery Inc Oklahoma City, OK | $21,885,678 | $3,461,223 |
Memorial Park Cemetery A Trust Enid, OK | $5,063,640 | $749,441 |
Texas Funeral Directors Assoc Inc Austin, TX | $462,010 | $676,488 |
Rocky Mountain Memorial Parks Houston, TX | $5,225,060 | $530,771 |
Magnolia Cemetery Company Beaumont, TX | $1,589,261 | $618,211 |
Princeton Abbey And Cemetery Inc Houston, TX | -$588,162 | $59,183 |
Isgh Funeral Services Inc Houston, TX | $164,426 | $461,957 |
Angleton Cemetery Association Inc Angleton, TX | $1,047,653 | $687,354 |