Lake View Cemetery Association Incorporated
- Assets
- $31.6m
- Revenue
- $3.0m
- Investments
- $78.4k
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 91-0287677
Organization Overview
Lake View Cemetery Association Incorporated is located in Seattle, WA. 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 06/2022, Lake View Cemetery Association Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake View Cemetery Association Incorporated is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 06/2022, Lake View Cemetery Association Incorporated generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 1.5% 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
INTERMENT SERVICES, ANNUAL CARE, ENDOWMENT CARE, AND OTHER
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMENT SERVICES, ANNUAL CARE, ENDOWMENT CARE, AND OTHER CEMETERY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lohr Secretary/manager | Officer | 40 | $120,537 |
Chapin Henry III President | OfficerTrustee | 1 | $0 |
J Tate Mason III Vice President | OfficerTrustee | 1 | $0 |
Christopher Aggerholm Treasurer | OfficerTrustee | 1 | $0 |
Andrew Collins Secretary Of Execu | OfficerTrustee | 1 | $0 |
John M Baxter Jr Trustee | Trustee | 1 | $0 |
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 | $582,370 |
| Investment income | $533,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $973,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $935,640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,025,036 |
| 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. | $148,524 |
| Compensation of current officers, directors, key employees. | $148,524 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,803 |
| Pension plan accruals and contributions | $23,823 |
| Other employee benefits | $22,773 |
| Payroll taxes | $54,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $298 |
| Fees for services: Accounting | $71,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,528 |
| Advertising and promotion | $6,410 |
| Office expenses | $140,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,074 |
| 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 | $52,512 |
| Insurance | $31,029 |
| All other expenses | $0 |
| Total functional expenses | $1,269,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,541 |
| Savings and temporary cash investments | $258,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,036 |
| Prepaid expenses and deferred charges | $28,759 |
| Net Land, buildings, and equipment | $398,316 |
| Investments—publicly traded securities | $27,250,567 |
| Investments—other securities | $78,436 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,676,079 |
| Total assets | $31,606,733 |
| Accounts payable and accrued expenses | $79,801 |
| Grants payable | $0 |
| Deferred revenue | $274,672 |
| 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 | $299,170 |
| Total liabilities | $653,643 |
| Net assets without donor restrictions | $6,001,257 |
| Net assets with donor restrictions | $24,951,833 |
| 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 | $31,606,733 |
Endowment Analysis
| Beg. Balance | $28,458,458 |
| Earnings | -$2,984,187 |
| Admin Expense | $142,193 |
| Net Contributions | $23,810 |
| Other Expense | $369,608 |
| Ending Balance | $24,986,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River View Cemetery Association Of Portland Portland, OR | $46,544,282 | $5,064,773 |
Calvary Cemetery Association Tacoma, WA | $3,808,422 | $1,336,691 |
Lake View Cemetery Association Incorporated Seattle, WA | $31,606,733 | $3,025,036 |
Richland Cemetery Association Inc Richland, WA | $9,073,029 | $1,909,839 |
Oregon Funeral Directors Association Incorporated Portland, OR | $384,138 | $978,835 |
Crescent Grove Cemetery Association Tigard, OR | $50,925,619 | $9,442,148 |
House Of Mercy All-Muslim Cemetery Covington, WA | $1,796,149 | $720,768 |
Olympia Masonic Cemetery Association Tumwater, WA | $1,951,127 | $333,008 |
Claquato Cemetery Assn Chehalis, WA | $5,850,954 | $596,271 |
G A R Cemetery Snohomish, WA | $964,058 | $471,219 |
Union Cemetery Association Of Crawfordsville Sweet Home, OR | $2,097,864 | $156,107 |
Eugene Masonic Cemetery Association Inc Eugene, OR | $1,035,596 | $410,188 |