Rockland Cemetery Association
- Assets
- $13.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Rockland, ME
- Founding
- 02/1944
- Data as of
- 12/2021
- EIN
- 01-0187940
Organization Overview
Rockland Cemetery Association is located in Rockland, ME. The organization was established in 1944. As of 12/2021, Rockland Cemetery Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockland Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Rockland Cemetery Association generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $389.7k during the year ending 12/2021. While expenses have increased by 3.1% 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
ACQUIRING, IMPROVING, AND MAINTAINING BURIAL GROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRING, IMPROVING, AND MAINTAINING BURIAL GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Hanscom President | OfficerTrustee | $0 | |
Name Not Listed Trustee | Trustee | $0 | |
Andrew Hedrich Trustee | Trustee | $0 | |
Everett Spear Trustee | Trustee | $0 | |
Roberta Wentworth Trustee | Trustee | $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 | $58,081 |
| Investment income | $200,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $989 |
| Net Gain/Loss on Asset Sales | $3,896,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,157,009 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,408 |
| Fees for services: Other | $26,601 |
| Advertising and promotion | $202 |
| Office expenses | $2,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,820 |
| 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 | $36,239 |
| Insurance | $9,132 |
| All other expenses | $7,000 |
| Total functional expenses | $389,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $999,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $703,352 |
| Investments—publicly traded securities | $11,196,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,106 |
| Total assets | $12,965,285 |
| Accounts payable and accrued expenses | $0 |
| 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 | $62,517 |
| Total liabilities | $62,517 |
| Net assets without donor restrictions | $9,994,414 |
| Net assets with donor restrictions | $2,908,354 |
| 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 | $12,965,285 |
Endowment Analysis
| Beg. Balance | $2,516,292 |
| Earnings | $461,445 |
| Other Expense | $69,383 |
| Ending Balance | $2,908,354 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rockland Cemetery Association Rockland, ME | $12,965,285 | $4,157,009 |
First Parish Cemetery Assoc -York Cemetery- York, ME | $3,346,162 | $251,821 |
Ahavas Achim-Society Of Brotherly Love Bangor, ME | $792,980 | $48,393 |
Orchard Grove Cemetery Association Kittery, ME | $1,093,318 | $53,154 |
Evergreen Cemetery Assoc Alfred, ME | $605,955 | -$2,859 |
Brookside Cemetery Association Inc Mount Desert, ME | $952,865 | $47,994 |