Oakwood Cemetery Association
- Assets
- $17.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Waco, TX
- Founding
- 10/1934
- Data as of
- 03/2022
- EIN
- 74-0813110
Organization Overview
Oakwood Cemetery Association is located in Waco, TX. The organization was established in 1934. 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 03/2022, Oakwood Cemetery Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakwood Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 03/2022, Oakwood Cemetery Association generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $1.8m during the year ending 03/2022. While expenses have increased by 11.9% 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
DEVELOP AND SELL BURIAL PLOTS AND TO PROVIDE LOT CARE FOR OWNERS OF BURIAL PLOTS. MAINTENANCE AND MANAGEMENT OF CEMETERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND SELL BURIAL PLOTS AND TO PROVIDE LOT CARE FOR OWNERS OF BURIAL PLOTS. MAINTENANCE AND MANAGEMENT OF CEMETERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Bledsoe President | OfficerTrustee | $0 | |
Erin Dubois Director | OfficerTrustee | $0 | |
Erin Davis Secretary | OfficerTrustee | $0 | |
Felicia Goodman Govern. Comm | OfficerTrustee | $0 | |
Melinda Hedrick Chair Elect | OfficerTrustee | $0 | |
Shanna Mattson Treasurer El | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,612 |
| Noncash contributions included in lines 1a–1f | $60,061 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,673 |
| Total Program Service Revenue | $1,469,788 |
| Investment income | $213,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,331 |
| Net Gain/Loss on Asset Sales | $753,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,668,322 |
| 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 | $601,850 |
| Pension plan accruals and contributions | $11,677 |
| Other employee benefits | $53,399 |
| Payroll taxes | $46,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,913 |
| Fees for services: Accounting | $23,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,333 |
| Fees for services: Other | $151,071 |
| Advertising and promotion | $14,402 |
| Office expenses | $35,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,242 |
| 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 | $84,097 |
| Insurance | $46,990 |
| All other expenses | $82,726 |
| Total functional expenses | $1,752,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,203 |
| Savings and temporary cash investments | $96,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,118 |
| Inventories for sale or use | $32,756 |
| Prepaid expenses and deferred charges | $42,515 |
| Net Land, buildings, and equipment | $1,984,709 |
| Investments—publicly traded securities | $10,517,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,463 |
| Other assets | $3,725,355 |
| Total assets | $17,400,419 |
| Accounts payable and accrued expenses | $16,456 |
| 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 | $16,456 |
| Net assets without donor restrictions | $13,662,435 |
| Net assets with donor restrictions | $3,721,528 |
| 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 | $17,400,419 |
Endowment Analysis
| Beg. Balance | $3,615,533 |
| Earnings | $105,995 |
| Ending Balance | $3,721,528 |
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 |