Ivy Lawn Memorial Park & Funeral Home
- Assets
- $29.3m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Ventura, CA
- Founding
- 01/1935
- Data as of
- 12/2021
- EIN
- 95-0869775
Organization Overview
Ivy Lawn Memorial Park & Funeral Home is located in Ventura, CA. The organization was established in 1935. 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, Ivy Lawn Memorial Park & Funeral Home employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Lawn Memorial Park & Funeral Home is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Ivy Lawn Memorial Park & Funeral Home generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 1.8% 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
COMMUNITY CEMETERY PROVIDING BURIAL PLOTS, NICHES, CRYPTS AND CREMATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CEMETERY PROVIDING BURIAL PLOTS, NICHES, CRYPTS AND CREMATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne M Clark President | Officer | 45 | $174,875 |
Bradley G Wetherell Chairman | OfficerTrustee | 20 | $62,100 |
Fredrick J Ferro Vice-Chairman | OfficerTrustee | 10 | $36,000 |
Wayne Brueckner Director | Trustee | 2 | $12,000 |
Timothy J Gallagher Director | Trustee | 2 | $12,000 |
Joy Todd Secretary | Trustee | 2 | $12,000 |
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 | $0 |
| Investment income | $398,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,507,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,775,940 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,901,568 |
| 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. | $314,975 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $956,035 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $90,281 |
| Other employee benefits | $137,545 |
| Payroll taxes | $97,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,979 |
| Fees for services: Accounting | $35,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,199 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,112 |
| Office expenses | $26,001 |
| Information technology | $46,052 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,055 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $649,304 |
| Insurance | $72,902 |
| All other expenses | $450,255 |
| Total functional expenses | $3,581,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,071 |
| Savings and temporary cash investments | $14,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,889,842 |
| Prepaid expenses and deferred charges | $129,435 |
| Net Land, buildings, and equipment | $11,227,834 |
| Investments—publicly traded securities | $14,680,561 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,284,891 |
| Accounts payable and accrued expenses | $150,697 |
| 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 | $200,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $351,343 |
| Net assets without donor restrictions | $20,430,170 |
| Net assets with donor restrictions | $8,503,378 |
| 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 | $29,284,891 |
Endowment Analysis
| Beg. Balance | $7,776,478 |
| Earnings | $935,349 |
| Admin Expense | $41,648 |
| Net Contributions | $219,673 |
| Other Expense | $386,475 |
| Ending Balance | $8,503,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain View Cemetery Association Oakland, CA | $150,729,541 | $26,488,070 |
Oakwood Cemetery Assoc Of Los Angeles Chatsworth, CA | $32,333,790 | $4,712,167 |
Ivy Lawn Memorial Park & Funeral Home Ventura, CA | $29,284,891 | $5,901,568 |
Lone Tree Cemetery Association Hayward, CA | $25,265,393 | $4,472,728 |
Ontario Cementery Association Ontario, CA | $21,743,394 | $5,156,928 |
River View Cemetery Association Of Portland Portland, OR | $46,544,282 | $5,064,773 |
Oahu Cemetery Association Honolulu, HI | $5,077,744 | $2,543,708 |
Turlock Cemetery Association Turlock, CA | $28,654,901 | $5,486,142 |
Pasadena Cemetery Association Altadena, CA | $12,084,612 | $2,697,074 |
Independent Order Of Odd Fellows Santa Rosa, CA | $10,825,941 | $1,899,138 |
Santa Barbara Cemetery Association Santa Barbara, CA | $29,316,742 | $6,211,744 |
Tulocay Cemetery Association Napa, CA | $16,618,897 | $2,001,299 |