The Mount Royal Cemetery Company
- Assets
- $43.8m
- Revenue
- $8.7m
- Investments
- $21.3m
- Employees
- 0
- Location
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 98-0058740
Organization Overview
The Mount Royal Cemetery Company is located in null. The organization was established in 1983. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Royal Cemetery Company is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Mount Royal Cemetery Company generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 1.0% 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
SELLS INDIVIDUAL OR FAMILY LOTS OF LAND, CRYPTS AND NICHES. MONEY RECEIVED FOR BURIAL FOUNDATION AND MEMORIALS ARE USED TO PAY OPERATING EXPENSES AND THE EXCESS SPACE IS INVESTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEMETERY SELLS INDIVIDUAL OR FAMILY LOTS OF LAND CRYPTS AND NICHES. AT THE OWNER'S OPTION, THEY MAY INSTALL THEIR OR THE CEMETERY'S MEMORIALIZATION. THE MONIES RECEIVED FOR BURIAL FEES, FOUNDATION AND MEMORIALS ARE USED TO PAY OPERATING EXPENSES AND THE EXCESS SPACE IS INVESTED TO ENSURE PERPETUAL CARE OF THE CEMETERY ONCE ALL THE LAND IS SOLD. BY ITS CHARTER THE COMPANY IS A NON-PROFIT ORGANIZATION AND NONE OF ITS RESERVES CAN BE DISTRIBUTED. THERE IS NO ISSUED SHARE CAPITAL THEREFORE NO DIVIDENDS CAN OR WILL EVER BE PAID.THE COMPANY HAS BEEN SERVICING THE PUBLIC'S NEEDS WITH RESPECT TO BURIAL SERVICES ON A FOR PROFIT" BASIS SINCE 1847. THE COMPANY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(13) OF THE INTERNAL REVENUE CODE.
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 |
|---|---|---|---|
Scott David R Executive Director | 0 | $158,260 | |
Bonnyman Keith Vice President & Trustee | OfficerTrustee | 0 | $0 |
Fyfe Robert A President & Trustee | OfficerTrustee | 0 | $0 |
Mcarel Anne Treasurer&trustee | OfficerTrustee | 0 | $0 |
Armour Jss Trustee | Trustee | 0 | $0 |
Brassard Roger R Trustee | Trustee | 0 | $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 | $6,249,202 |
| Investment income | $614,038 |
| 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 | $8,665,467 |
| 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. | $158,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,230,261 |
| Pension plan accruals and contributions | $29,117 |
| Other employee benefits | $0 |
| Payroll taxes | $460,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $217,786 |
| Fees for services: Accounting | $36,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,904 |
| Fees for services: Other | $287,159 |
| Advertising and promotion | $149,296 |
| Office expenses | $291,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $593,872 |
| Insurance | $57,975 |
| All other expenses | $1,093,951 |
| Total functional expenses | $6,570,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,132,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,784 |
| Prepaid expenses and deferred charges | $18,587 |
| Net Land, buildings, and equipment | $7,207,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,324,121 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,564,479 |
| Total assets | $43,774,374 |
| Accounts payable and accrued expenses | $611,975 |
| Grants payable | $0 |
| Deferred revenue | $2,833,020 |
| 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 | $2,277,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $836,285 |
| Total liabilities | $6,558,914 |
| Net assets without donor restrictions | $0 |
| 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 | $37,215,460 |
| Total liabilities and net assets/fund balances | $43,774,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph Rowntree Foundation | $422,657,604 | $8,163,690 |
American School Of Milan | $34,975,339 | $18,900,429 |
Shalva Israel Assoc To Relieve The Handicapped Child And Family | $89,694,654 | $19,416,096 |
Cuso International | $17,986,190 | $25,338,532 |
West Africa Rice Development Association | $23,999,248 | $19,439,683 |
Merton College | $449,219,486 | $18,363,821 |
Cooperativa De Ahorro Y Credito De Vega Alta | $355,977,126 | $21,743,565 |
Ivey Business School Foundation | $20,172,840 | $19,210,645 |
Tula Foundation | $43,438,708 | $5,288,962 |
Allgemeine Anthroposophische | $21,895,649 | $16,689,603 |
Master & Fellows Of Peterhouse | $470,069,266 | $14,639,374 |
Bermuda Institute Of Ocean Sciences Bios Inc | $48,144,596 | $11,893,948 |