Roosevelt Memorial Park Asso
- Assets
- $7.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Gardena, CA
- Founding
- 01/1941
- Data as of
- 12/2022
- EIN
- 95-1161720
Organization Overview
Roosevelt Memorial Park Asso is located in Gardena, CA. The organization was established in 1941. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Roosevelt Memorial Park Asso employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt Memorial Park Asso is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Roosevelt Memorial Park Asso generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 31.2% 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
GENERATE AND MAINTAIN FUNDS TO CARE, MAINTAIN AND PRESERVE THE CEMETARY PROPERTY AND PROVIDE QUALITY DEATH CARE PRODUCTS AND SERVICES TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY DEATH CARE PRODUCTS AND SERVICES TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kennedy Oregan Director | Trustee | 1 | $14,000 |
Dario Higuchi Director | Trustee | 1 | $14,000 |
Jeff Grant President | OfficerTrustee | 7 | $14,000 |
Michael Howland Director | Trustee | 2 | $9,000 |
Alexander Smith Chairman | OfficerTrustee | 5 | $9,000 |
Robert Letteau Vice President | OfficerTrustee | 1 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,000 |
| 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 | $60,000 |
| Total Program Service Revenue | $4,351,627 |
| Investment income | $246,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,657,819 |
| 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. | $69,000 |
| Compensation of current officers, directors, key employees. | $69,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,662 |
| Payroll taxes | $33,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,800 |
| Fees for services: Accounting | $23,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,776 |
| Advertising and promotion | $667,688 |
| Office expenses | $37,535 |
| Information technology | $7,477 |
| Royalties | $0 |
| Occupancy | $406,688 |
| Travel | $112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $322,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,921 |
| Insurance | $49,246 |
| All other expenses | $58,546 |
| Total functional expenses | $3,833,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,497,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,056,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,730 |
| Inventories for sale or use | $984,943 |
| Prepaid expenses and deferred charges | $11,696 |
| Net Land, buildings, and equipment | $362,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,946 |
| Total assets | $7,360,408 |
| Accounts payable and accrued expenses | $84,076 |
| Grants payable | $0 |
| Deferred revenue | $54,000 |
| 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 | $3,040,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,422,733 |
| Total liabilities | $4,601,445 |
| Net assets without donor restrictions | $2,758,963 |
| 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 | $7,360,408 |