Worcester County Memorial Park Inc
- Assets
- $3.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Paxton, MA
- Founding
- 04/1965
- Data as of
- 10/2020
- EIN
- 04-2303664
Organization Overview
Worcester County Memorial Park Inc is located in Paxton, MA. The organization was established in 1965. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Worcester County Memorial Park Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester County Memorial Park Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 10/2020, Worcester County Memorial Park Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BURIAL NEEDS TO PLOT OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BURIAL NEEDS TO PLOT OWNERS.
TO PROVIDE BURIAL NEEDS TO PLOT OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Killelea Pres / Dir | OfficerTrustee | 40 | $88,400 |
Brian Killelea Vice President | OfficerTrustee | 40 | $76,599 |
Kathryn Shrauger Director | Trustee | 40 | $9,100 |
Joel Szczepanek Director | Trustee | 0 | $0 |
Michael K Jones Director | Trustee | 0 | $0 |
Frank Defalco Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $79,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,080,813 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,568 |
| Statement of Expenses | |
|---|---|
| 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. | $174,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $819,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $84,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,828 |
| Fees for services: Other | $3,101 |
| Advertising and promotion | $14,560 |
| Office expenses | $100,538 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,519 |
| Interest | $10,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,270 |
| Insurance | $80,043 |
| All other expenses | $0 |
| Total functional expenses | $1,604,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,232 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,058,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $649,751 |
| Prepaid expenses and deferred charges | $32,928 |
| Investments—publicly traded securities | $1,454,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,583 |
| Other assets | $151,578 |
| Total assets | $3,649,295 |
| Accounts payable and accrued expenses | $723,517 |
| Grants payable | $0 |
| Deferred revenue | $1,735,369 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $165,150 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $220,983 |
| Other liabilities | $2,096,000 |
| Total liabilities | $4,941,019 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,291,724 |
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