Inglewood Park Cemetery
- Assets
- $141.9m
- Revenue
- $58.7m
- Investments
- $0.0
- Employees
- 290
- Location
- Inglewood, CA
- Founding
- 11/1982
- Data as of
- 12/2022
- EIN
- 95-3755235
Organization Overview
Inglewood Park Cemetery is located in Inglewood, CA. The organization was established in 1982. 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, Inglewood Park Cemetery employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inglewood Park Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Inglewood Park Cemetery generated $58.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $42.8m during the year ending 12/2022. While expenses have increased by 6.9% 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
THE ORGANIZATION OWNS AND OPERATES A CEMETERY AND CREMATORY SERVING THE GREATER LOS ANGELES AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY OPERATION OF A CEMETERY IN INGLEWOOD, CALIFORNIA.SALES OF AT-NEED CEMETERY INTERMENT RIGHTS (E.G., CRYPTS, NICHES, AND PLOTS), PRODUCTS, AND SERVICES.SALES OF PRE-NEED CEMETERY INTERMENT RIGHTS (E.G., CRYPTS, NICHES, ANDPLOTS), PRODUCTS, AND SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judge Robert M Letteau Chairman/trustee | Trustee | 10 | $156,660 |
Hugh M Grant Trustee | Trustee | 4 | $140,000 |
David B Wharmby Trustee | Trustee | 4 | $135,000 |
D Alexander Smith Trustee | Trustee | 4 | $135,000 |
R Brendt Stallings Trustee | Trustee | 4 | $135,000 |
Jacqueline Gonzalez Secretary / VP Of Fund Management | Officer | 10 | $183,597 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Irene T Orozco Sales | 12/30/18 | $120,908 |
Juan Jose Centeno Sales | 12/30/18 | $118,937 |
Sergio Salvador Sales | 12/30/18 | $383,001 |
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 | $5,979,529 |
| Investment income | $228,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $716,141 |
| 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 | $51,787,640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,712,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,318 |
| 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. | $4,907,766 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,600,334 |
| Pension plan accruals and contributions | $222,584 |
| Other employee benefits | $1,982,360 |
| Payroll taxes | $1,478,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,746 |
| Fees for services: Accounting | $163,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,797,908 |
| Advertising and promotion | $371,771 |
| Office expenses | $1,264,813 |
| Information technology | $840,488 |
| Royalties | $0 |
| Occupancy | $4,487,351 |
| Travel | $95,495 |
| 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 | $833,573 |
| Insurance | $661,137 |
| All other expenses | $66,442 |
| Total functional expenses | $42,788,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,334,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,735,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,114,707 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,905,131 |
| Investments—publicly traded securities | $31,302,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,537,076 |
| Total assets | $141,928,247 |
| Accounts payable and accrued expenses | $6,313,177 |
| 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 | $18,532,841 |
| Total liabilities | $24,846,018 |
| Net assets without donor restrictions | $117,082,229 |
| 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 | $141,928,247 |
Grants Awarded
Over the last fiscal year, Inglewood Park Cemetery has awarded $28,332 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF LOS ANGELES PURPOSE: GENERAL SUPPORT | $7,500 |
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $13,332 |
MIDNIGHT MISSION PURPOSE: GENERAL SUPPORT | $7,500 |