Laurel Hill Cemetery Association
- Assets
- $13.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Saco, ME
- Founding
- 10/1990
- Data as of
- 11/2022
- EIN
- 01-0104905
Organization Overview
Laurel Hill Cemetery Association is located in Saco, ME. The organization was established in 1990. 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 11/2022, Laurel Hill Cemetery Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Hill Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 11/2022, Laurel Hill Cemetery Association generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $876.1k during the year ending 11/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CEMETERY SERVICES INCLUDING CARE OF GROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY SERVICES INCLUDING BURIALS, CREMATIONS AND MAINTENANCE OF GROUNDS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Levasseur President | OfficerTrustee | 2 | $5,500 |
Brian Haley Treasurer | OfficerTrustee | 2 | $3,500 |
Kevin Savage Vice Preside | OfficerTrustee | 1 | $0 |
Robert Mohlin Trustee | Trustee | 1 | $0 |
Joan Fink Trustee | Trustee | 1 | $0 |
Rob Moody Trustee | Trustee | 1 | $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 | $5,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,125 |
| Total Program Service Revenue | $676,557 |
| Investment income | $288,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,445 |
| Net Gain/Loss on Asset Sales | $272,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,272,165 |
| 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. | $9,000 |
| Compensation of current officers, directors, key employees. | $9,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,628 |
| Payroll taxes | $33,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,018 |
| Fees for services: Other | $9,548 |
| Advertising and promotion | $0 |
| Office expenses | $2,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,400 |
| 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 | $28,465 |
| Insurance | $25,244 |
| All other expenses | $0 |
| Total functional expenses | $876,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,924 |
| Savings and temporary cash investments | $452,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,096 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $284,602 |
| Prepaid expenses and deferred charges | $11,976 |
| Net Land, buildings, and equipment | $874,962 |
| Investments—publicly traded securities | $11,247,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,087,093 |
| Accounts payable and accrued expenses | $9,867 |
| 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 | $0 |
| Total liabilities | $9,867 |
| Net assets without donor restrictions | $13,077,226 |
| 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 | $13,087,093 |
Endowment Analysis
| Beg. Balance | $12,584,083 |
| Earnings | -$984,067 |
| Admin Expense | $76,018 |
| Ending Balance | $11,523,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mt Hope Cemetery Corp Bangor, ME | $14,654,410 | $1,323,972 |
Laurel Hill Cemetery Association Saco, ME | $13,087,093 | $1,272,165 |
Rochester Cemetery Association Rochester, NH | $3,891,635 | $426,246 |
Exeter Cemetery Association Exeter, NH | $2,498,309 | $312,779 |
Dreamkeepers Inc Ellsworth, ME | $113,702 | $0 |
Hope Cemetery Corporation Kennebunk, ME | $1,559,253 | $191,657 |
Glenwood Cemetery Corp Littleton, NH | $568,120 | $202,304 |
Mount Auburn Cemetery Corp Auburn, ME | $2,081,156 | $133,565 |
Farmington Cemetery Farmington, NH | $1,853,608 | $112,798 |
New Hampshire Veterans Cemetery Association Inc Concord, NH | $1,512,851 | $164,550 |
Bayside Cemetery Association Laconia, NH | $1,527,012 | $93,473 |
Last Rest Cemetary Association Merrimack, NH | $520,432 | $157,728 |