Proprietors Of Swan Point Cemetery
- Assets
- $130.6m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 35
- Location
- Providence, RI
- Founding
- 04/1934
- Data as of
- 12/2019
- EIN
- 05-0225280
Organization Overview
Proprietors Of Swan Point Cemetery is located in Providence, RI. The organization was established in 1934. 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 12/2018, Proprietors Of Swan Point Cemetery employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proprietors Of Swan Point Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2019, Proprietors Of Swan Point Cemetery generated $8.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CEMETERY AND CREMATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CEMETERY AND CREMATION SERVICES AND TO ACTIVELY PRESERVE AND MAINTAIN THE ESTATE, INCLUDING THE PROVISION OF PERPETUAL CARE (MAINTENANCE) TO LOTS, CRYPTS, AND NICHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony W Hollingshead President | Officer | 42 | $168,543 |
Rex B Morris Treasurer & CFO | Officer | 50 | $109,872 |
William G Caldwell Secretary | Officer | 35 | $72,243 |
Mr Thomas Pi Goddard Chairman | OfficerTrustee | 8 | $49,000 |
Dr H Denman Scott Director | Trustee | 1 | $9,500 |
Mr Thomas F Woodhouse Director | Trustee | 1 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lombardi Construction Buildings & Masonary, Structural Repairs | 12/30/18 | $122,225 |
Ribi Security Grounds Security | 12/30/18 | $108,554 |
North-eastern Tree Services Tree Pruning & Removals | 12/30/18 | $136,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,429,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,555,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,811,322 |
| 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. | $582,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,164,829 |
| Pension plan accruals and contributions | $200,759 |
| Other employee benefits | $249,303 |
| Payroll taxes | $138,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,799 |
| Fees for services: Accounting | $24,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $255,738 |
| Information technology | $18,702 |
| 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 | $685,824 |
| Insurance | $67,792 |
| All other expenses | $0 |
| Total functional expenses | $4,559,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,118 |
| Prepaid expenses and deferred charges | $15,342 |
| Investments—publicly traded securities | $105,982,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,616,748 |
| Accounts payable and accrued expenses | $298,967 |
| Grants payable | $0 |
| Deferred revenue | $102,670 |
| 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 | $401,637 |
| 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 | $130,215,111 |
Endowment Analysis
| Beg. Balance | $94,394,041 |
| Earnings | -$6,352,599 |
| Other Expense | $1,540,214 |
| Ending Balance | $86,501,228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proprietors Of The Cemetery Of Mount Auburn Cambridge, MA | $237,061,531 | $15,600,265 |
Woodlawn Cemetery Everett, MA | $118,855,936 | $12,309,974 |
Proprietors Of Forest Hills Cemetery Jamaica Plain, MA | $39,913,847 | $4,655,982 |
Knollwood Cemetery Canton, MA | $7,446,310 | $5,502,276 |
Proprietors Of Swan Point Cemetery Providence, RI | $130,616,748 | $8,811,322 |
Newton Cemetery Corporation Newton Centre, MA | $63,753,549 | $6,799,052 |
St Michael Cemetery Corporation Roslindale, MA | $21,838,479 | $2,761,522 |
Holyhood Cemetery Assoc Deferred West Roxbury, MA | $43,858,532 | $3,596,288 |
The Proprietors Of Cedar Grove Cemetery Dorchester, MA | $5,423,453 | $1,733,335 |
Gardens At Gethsemane Inc West Roxbury, MA | $2,502,838 | $1,488,115 |
Proprietors Of Linwood Cemetery Haverhill, MA | $31,142,661 | $1,512,685 |
Evergreen Cemetery Association New Haven, CT | $30,526,441 | $2,017,017 |