Mount Carmel Cemetery Association
- Assets
- $118.7m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 90
- Location
- Glendale, NY
- Founding
- 10/1936
- Data as of
- 12/2021
- EIN
- 11-1104550
Organization Overview
Mount Carmel Cemetery Association is located in Glendale, NY. The organization was established in 1936. 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 12/2021, Mount Carmel Cemetery Association employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Carmel 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, Mount Carmel Cemetery Association generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. 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
TO OWN AND OPERATE A NON-PROFIT CEMETERY FOR THE BENEFIT OF PLOT OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINTENANCE OF THE CEMETERY, THE SALE OF GRAVES AND THE BURIAL OF THE DECEASED WERE THE PROGRAM SERVICES PROVIDED BY THE EXPENDITURES IN PART IX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Stempa President/dir | OfficerTrustee | 28 | $227,179 |
Carole Stork Controller/asst Treasurer | Officer | 35 | $112,180 |
Tom Augoustatos Director Of Operations | 40 | $110,322 | |
Richard Shields Superintendant | 40 | $105,081 | |
Renate Namias Secretary/general Manager | Officer | 35 | $100,400 |
Senior Rabbi Arthur Schneier Dir/chairman | OfficerTrustee | 0.1 | $15,750 |
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 | $4,277,125 |
| Investment income | $2,374,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,814,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,259,544 |
| 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. | $739,662 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,952,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $557,948 |
| Payroll taxes | $272,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,511 |
| Fees for services: Accounting | $67,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,500 |
| Advertising and promotion | $250 |
| Office expenses | $53,061 |
| 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 | $126,943 |
| Insurance | $390,177 |
| All other expenses | $379,314 |
| Total functional expenses | $5,003,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,561,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $384,057 |
| Prepaid expenses and deferred charges | $68,110 |
| Net Land, buildings, and equipment | $851,917 |
| Investments—publicly traded securities | $113,507,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,705,102 |
| Accounts payable and accrued expenses | $60,949 |
| Grants payable | $0 |
| Deferred revenue | $328,810 |
| 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 | $389,759 |
| Net assets without donor restrictions | $48,485,224 |
| Net assets with donor restrictions | $69,830,119 |
| 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 | $118,705,102 |
Endowment Analysis
| Beg. Balance | $54,956,396 |
| Earnings | $5,852,827 |
| Net Contributions | $793,196 |
| Other Expense | $1,288,433 |
| Ending Balance | $60,313,986 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Woodlawn Cemetery Bronx, NY | $289,264,337 | $31,058,870 |
Green-Wood Cemetery Brooklyn, NY | $248,405,077 | $23,458,957 |
Kensico Cemetery Valhalla, NY | $290,091,968 | $37,854,382 |
Cypress Hills Cemetery Brooklyn, NY | $82,294,454 | $26,282,418 |
Beth Isreal Cemetery Association Bensalem, PA | $131,465,131 | $13,044,933 |
Proprietors Of The Cemetery Of Mount Auburn Cambridge, MA | $307,764,438 | $17,833,298 |
Cedar Grove Cemetery Association Flushing, NY | $446,925,476 | $46,438,257 |
Montefiore Cemetery Corporation St Albans, NY | $170,636,293 | $20,446,217 |
Ferncliff Cemetery Association Hartsdale, NY | $321,837,368 | $32,920,471 |
Elmont Cemetery Inc Elmont, NY | $157,393,841 | $12,857,507 |
Buffalo City Cemetery Buffalo, NY | $53,373,006 | $10,103,958 |
New Cedar Park Cemetery Westwood, NJ | $108,117,854 | $8,075,200 |