Pride Of Boston Cemetery Association
- Assets
- $1.3m
- Revenue
- $106.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 10/1952
- Data as of
- 12/2021
- EIN
- 04-2139264
Organization Overview
Pride Of Boston Cemetery Association is located in Needham, MA. The organization was established in 1952. 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. Pride Of Boston 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, Pride Of Boston Cemetery Association generated $106.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $31.4k during the year ending 12/2021. While expenses have increased by 1.7% 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
SALE CARE AND MAINTENANCE OF CEMETERY LOTS AND GRAVES LOCATED AT THE PRIDE OF BOSTON CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SELLS CARES FOR AND MAINTAINS CEMETERY LOTS AND GRAVES AND PROVIDES FOR THE CARE AND MAINTENANCE OF THE REAL ESTATE ON WHICH THOSE LOTS AND GRAVES ARE LOCATED AT THE PRIDE OF BOSTON CEMETERY IN WOBURN MASSACHUSETTS. THE CEMETERY IS OVER 100 YEARS OLD AND ALMOST COMPLETELY FILLED. THERE WAS ONLY $51 IN GRAVE SALE RECEIPTS DURING 2021 AND $35 IN SUCH RECEIPTS DURING 2020. SUCH SALES HAVE AMOUNTED TO RELATIVELY SMALL AMOUNTS OR NONE $17 IN 2019 $1,623 OM 2018 $17 IN 2017 NONE IN 2013 THROUGH 2016 IN RECENT YEARS.
A PERMANENTLY RESTRICTED PERPETUAL CARE TRUST FUND IS MAINTAINED BY THE ASSOCIATION. THAT TRUST FUND IS HELD AND MANAGED BY BNY MELLON. 2021 REVENUE DIVIDENDS AND INTEREST EARNED BY THAT TRUST FUND WAS $38,608 NOT INCLUDING $53,285 OF REALIZED GAINS AND $14,595 OF UNREALIZED LOSSES DURING THE YEAR. BNY MELLON'S TRUSTEE'S COMPENSATION AND EXPENSES TOTALED $12,302 DURING 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor L Berman President And Secretary | OfficerTrustee | 0.3 | $0 |
Frederick S Seidenberg Vice President | OfficerTrustee | 0.3 | $0 |
Andrew M Freedman Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $51 |
| Investment income | $53,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,735 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $1,699 |
| All other expenses | $163 |
| Total functional expenses | $31,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,051 |
| Savings and temporary cash investments | $83,769 |
| 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 | $3 |
| Investments—publicly traded securities | $426,672 |
| Investments—other securities | $0 |
| Investments—program-related | $758,430 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,301,925 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $543,495 |
| Net assets with donor restrictions | $758,430 |
| 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 | $1,301,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo City Cemetery Buffalo, NY | $53,373,006 | $10,103,958 |
Cemetery Gardens Inc-Washington Memorial Park Mount Sinai, NY | $36,167,072 | $10,640,167 |
Evergreens Cemetery Brooklyn, NY | $242,178,649 | $17,638,026 |
Woodlawn Cemetery Everett, MA | $152,489,024 | $23,473,645 |
Mount Hope Cemetery Association Hastingsonhudson, NY | $101,467,915 | $7,806,939 |
Proprietors Of Forest Hills Cemetery Jamaica Plain, MA | $50,053,161 | $8,631,428 |
Beth Moses Cemetery Corp Farmingdale, NY | $63,231,978 | $8,104,051 |
Wellwood Cemetery Association Inc Farmingdale, NY | $65,181,392 | $7,680,386 |
Mount Carmel Cemetery Association Glendale, NY | $118,705,102 | $15,259,544 |
Proprietors Of Swan Point Cemetery Providence, RI | $160,475,939 | $8,315,473 |
Springfield L I Cemetery Society St Albans, NY | $66,041,308 | $7,155,470 |
Knollwood Cemetery Canton, MA | $8,566,152 | $4,974,759 |