Fairmount Cemetery Company
- Assets
- $55.1m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 59
- Location
- Denver, CO
- Founding
- 01/1982
- Data as of
- 12/2023
- EIN
- 74-2202519
Organization Overview
Fairmount Cemetery Company is located in Denver, CO. The organization was established in 1982. 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, Fairmount Cemetery Company employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmount Cemetery Company is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Fairmount Cemetery Company generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.7m 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
THE MISSION OF FAIRMOUNT IS TO PROVIDE OUR COMMUNITY WITH PREEMINENT RESOURCES TO CELEBRATE LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRMOUNT AND RIVERSIDE CEMETERY MAINTENANCE.
CEMETERY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Bain Board Member | Trustee | 1 | $6,000 |
Mary Snapp Board Member | Trustee | 1 | $6,000 |
Lori Gibson Board Member | Trustee | 1 | $6,000 |
Paul Suter Board Member | Trustee | 1 | $6,000 |
Kelly Briggs Board Member | Trustee | 1 | $56,000 |
Kendra Briggs Ceo/president | Officer | 50 | $200,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arrowhead Landscape Services Inc Landscaping | 12/30/23 | $637,083 |
Preservation Tree Care Landscaping | 12/30/23 | $161,121 |
Plante & Moran Lllp Accounting, Tax, Consulting | 12/30/23 | $184,900 |
Bella Vista Design Repairs & Maintenance | 12/30/23 | $100,046 |
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 | $707,364 |
| Investment income | $644,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $262,115 |
| Net Gain/Loss on Asset Sales | -$314,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,847,906 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,295,061 |
| 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. | $391,383 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,264 |
| Pension plan accruals and contributions | $1,717 |
| Other employee benefits | $44,462 |
| Payroll taxes | $45,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $133,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $202,219 |
| Fees for services: Other | $41,094 |
| Advertising and promotion | $10,896 |
| Office expenses | $124,549 |
| Information technology | $72,558 |
| Royalties | $0 |
| Occupancy | $393,546 |
| Travel | $27,707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $577,873 |
| Insurance | $106,647 |
| All other expenses | $57,882 |
| Total functional expenses | $3,741,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,885,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,660,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $180,746 |
| Prepaid expenses and deferred charges | $177,950 |
| Net Land, buildings, and equipment | $11,606,392 |
| Investments—publicly traded securities | $30,508,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,084,264 |
| Total assets | $55,103,172 |
| Accounts payable and accrued expenses | $280,724 |
| Grants payable | $0 |
| Deferred revenue | $250,920 |
| 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 | $687,454 |
| Total liabilities | $1,219,098 |
| Net assets without donor restrictions | $53,884,074 |
| 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 | $55,103,172 |