Forest Lawn Memorial-Park Association
- Assets
- $1.1b
- Revenue
- $185.2m
- Investments
- $511.0m
- Employees
- 337
- Location
- Glendale, CA
- Founding
- 10/1980
- Data as of
- 12/2022
- EIN
- 95-0743320
Organization Overview
Forest Lawn Memorial-Park Association is located in Glendale, CA. The organization was established in 1980. 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 12/2022, Forest Lawn Memorial-Park Association employed 337 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Lawn Memorial-Park Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Forest Lawn Memorial-Park Association generated $185.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $133.5m during the year ending 12/2022. While expenses have increased by 8.3% 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
OWNERSHIP, OPERATION, AND MAINTENANCE OF CEMETERIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ENDOWMENT CARE. GENERAL CARE AND MAINTENANCE OF 480 DEVELOPED ACRES OF MEMORIAL PARK SPACE AND CONTIGUOUS AREAS IN 6 MEMORIAL PARKS.
DEVELOPMENT AND SALE OF CEMETERY PROPERTY.
BURIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Cusumano Director | Trustee | 1 | $115,938 |
David Davenport Director | Trustee | 1 | $113,500 |
Antonia Hernandez Director | Trustee | 1 | $112,000 |
R Scott Jenkins Director | Trustee | 1 | $136,600 |
Thomas V Mckernan Director | Trustee | 1 | $128,750 |
Jaynie Studenmund Director | Trustee | 1 | $118,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Big Ben Inc General Contractor | 12/30/22 | $4,570,903 |
Visser Grading Inc (William Grading Services | 12/30/22 | $3,506,959 |
Allied Universal Security Serv Security Services | 12/30/22 | $3,261,337 |
Envision Landscape Inc Landscape Services | 12/30/22 | $3,166,294 |
J Yessaian Construction Inc General Contractor | 12/30/22 | $2,865,418 |
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 | $29,481,769 |
| Investment income | $24,907,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $951,267 |
| Net Gain/Loss on Asset Sales | $11,407,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $118,460,647 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,209,037 |
| 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. | $4,258,771 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,936,532 |
| Pension plan accruals and contributions | $1,725,442 |
| Other employee benefits | $4,653,749 |
| Payroll taxes | $2,091,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,067,047 |
| Fees for services: Accounting | $2,355,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,484,272 |
| Fees for services: Other | $4,617,100 |
| Advertising and promotion | $1,390,934 |
| Office expenses | $4,502,423 |
| Information technology | $6,921,871 |
| Royalties | $0 |
| Occupancy | $9,909,723 |
| Travel | $52,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,673 |
| Interest | $7,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,747,214 |
| Insurance | $1,257,024 |
| All other expenses | $13,263,831 |
| Total functional expenses | $133,522,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,437,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,631,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $224,943,224 |
| Prepaid expenses and deferred charges | $967,769 |
| Net Land, buildings, and equipment | $24,205,939 |
| Investments—publicly traded securities | $208,551,008 |
| Investments—other securities | $511,026,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,064,950 |
| Total assets | $1,104,829,362 |
| Accounts payable and accrued expenses | $17,623,261 |
| 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 | $1,934,971 |
| Total liabilities | $19,558,232 |
| Net assets without donor restrictions | $452,915,089 |
| Net assets with donor restrictions | $632,356,041 |
| 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 | $1,104,829,362 |