Morton Cemetery Association
- Assets
- $4.8m
- Revenue
- $924.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, TX
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 74-1005517
Organization Overview
Morton Cemetery Association is located in Richmond, TX. The organization was established in 1981. 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, Morton Cemetery Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morton Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Morton Cemetery Association generated $924.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $341.6k during the year ending 12/2021. While expenses have increased by 8.1% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES AN HISTORICAL CEMETERY WITH AN ORIGIN THAT PREDATES THE REPUBLIC OF TEXAS. FACILITIES AND LAND (FOR LOT SALES) WERE ADDED OVER THE LAST SEVERAL YEARS, WHICH WILL ENSURE THE PERPETUAL LIFE OF OPERATIONS. THE ORGANIZATION CONTINUES TO UPDATE THE AESTHETICS OF THE AREA WHICH WILL BE A BENEFIT FOR FUTURE GENERATIONS. SINCE MOVING ITS OFFICES INTO ITS OWN, SEPARATE LOCATION AND HIRING AN ADMINISTRATIVE COORDINATOR IN 2014, THE CEMETERY HAS EXPERIENCED ADDED PRESENCE IN THE AREA. THE STATE OF TEXAS AND THE LOCAL COMMUNITY WILL BENEFIT FOR MANY YEARS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Crosser Vice President | OfficerTrustee | 0 | $0 |
Winston Mcknight Treasurer | OfficerTrustee | 0 | $0 |
Jack H Moore Secretary | OfficerTrustee | 0 | $0 |
Ben Jones President | Officer | 5 | $0 |
Mark Herfort Director | Trustee | 0 | $0 |
Karen Carr Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,050 |
| Total Program Service Revenue | $0 |
| Investment income | $101,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $260,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $433,794 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,290 |
| 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 | $126,575 |
| Pension plan accruals and contributions | $2,078 |
| Other employee benefits | $0 |
| Payroll taxes | $9,889 |
| Fees for services: Management | $76,000 |
| Fees for services: Legal | $1,651 |
| Fees for services: Accounting | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,545 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,551 |
| Information technology | $4,282 |
| Royalties | $0 |
| Occupancy | $7,800 |
| 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 | $12,454 |
| Insurance | $10,059 |
| All other expenses | $4,453 |
| Total functional expenses | $341,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,118 |
| 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 | $23,937 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $389,456 |
| Investments—publicly traded securities | $4,308,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,762,467 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,762,467 |
| Total liabilities and net assets/fund balances | $4,762,467 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Morton Cemetery Association has recieved totaling $540,000.
| Awarding Organization | Amount |
|---|---|
George Foundation Richmond, TX PURPOSE: MATCH TOWARDS THE OPERATING COSTS OF THE CEMETERY | $180,000 |
George Foundation Richmond, TX PURPOSE: MATCH TOWARDS THE OPERATING COSTS OF THE CEMETERY | $180,000 |
George Foundation Richmond, TX PURPOSE: MATCH TOWARDS THE OPERATING COSTS | $60,000 |
George Foundation Richmond, TX PURPOSE: MATCH TOWARDS THE OPERATING COSTS | $60,000 |
Henderson-Wessendorff Foundation Richmond, TX PURPOSE: FOR GENERAL SUPPORT | $60,000 |
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 |