Fairmount Memorial Association
- Assets
- $41.1m
- Revenue
- $5.5m
- Investments
- $15.6m
- Employees
- 56
- Location
- Spokane, WA
- Founding
- Data as of
- 12/2022
- EIN
- 91-0693690
Organization Overview
Fairmount Memorial Association is located in Spokane, WA. As of 12/2022, Fairmount Memorial Association employed 56 individuals. Fairmount Memorial Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Fairmount Memorial Association generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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
TO PROVIDE CEMETERY AND INTERNMENT FACILITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY OPERATIONS. THE ASSOCIATION WILL OPERATE EFFICIENTLY, PRUDENTLY AND PROFITABLY SO AS TO ENSURE REASONABLE COSTS TO OUR FAMILIES AND ENDOWED CARE OF OUR FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Richards Chairman | OfficerTrustee | 1 | $0 |
Dan Olson Vice-Chairman | OfficerTrustee | 1 | $0 |
Charlene Hombel Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tyrus Tenold Director | Trustee | 1 | $0 |
Tom Quigley Director | Trustee | 1 | $0 |
Ned Rumpeltes Director | 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 | $1,784,743 |
| Investment income | $324,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $184,602 |
| Net Gain/Loss on Asset Sales | -$19,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,207,997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,482,031 |
| 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 | $2,873,416 |
| Pension plan accruals and contributions | $224,659 |
| Other employee benefits | $295,014 |
| Payroll taxes | $339,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,055 |
| Fees for services: Other | $51,830 |
| Advertising and promotion | $60,801 |
| Office expenses | $73,413 |
| Information technology | $117,741 |
| Royalties | $0 |
| Occupancy | $291,204 |
| Travel | $114,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,234 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,454 |
| Insurance | $107,893 |
| All other expenses | $106,093 |
| Total functional expenses | $5,489,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,763,128 |
| Savings and temporary cash investments | $327,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,812,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,678,748 |
| Prepaid expenses and deferred charges | $1,337,068 |
| Net Land, buildings, and equipment | $4,212,531 |
| Investments—publicly traded securities | $12,362,795 |
| Investments—other securities | $15,633,981 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,128,220 |
| Accounts payable and accrued expenses | $1,000,700 |
| Grants payable | $0 |
| Deferred revenue | $22,782,807 |
| 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 | $2,809,135 |
| Total liabilities | $26,592,642 |
| Net assets without donor restrictions | $14,535,578 |
| 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 | $41,128,220 |