Mount Olivet Cemetery is located in Maspeth, NY. The organization was established in 1935. 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 09/2021, Mount Olivet Cemetery employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olivet Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 09/2021, Mount Olivet Cemetery generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.7m during the year ending 09/2021. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE CEMETERY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY OPERATIONS INCLUDING SALE OF LOTS, GRAVES, CRYPTS AND NICHES, INTERMENTS, AND CARE AND MAINTENANCE OF LOTS AND GRAVES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Giglio Treasurer | OfficerTrustee | 40 | $113,920 |
Frank F Giglio President | OfficerTrustee | 10 | $25,563 |
Robert B Fitzsimons Secretary | OfficerTrustee | 2 | $15,813 |
William Murphy Trustee | Trustee | 2 | $7,563 |
Guy H Ball Trustee | Trustee | 2 | $6,188 |
Robert D Taisey Chairman | OfficerTrustee | 2 | $3,438 |
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 | $965,261 |
Investment income | $986,049 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $17,000 |
Net Gain/Loss on Asset Sales | -$17,090 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,954,595 |
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. | $157,322 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $665,419 |
Pension plan accruals and contributions | $161,980 |
Other employee benefits | $11,220 |
Payroll taxes | $76,207 |
Fees for services: Management | $0 |
Fees for services: Legal | $13,439 |
Fees for services: Accounting | $13,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $93,792 |
Fees for services: Other | $4,888 |
Advertising and promotion | $150 |
Office expenses | $40,564 |
Information technology | $542 |
Royalties | $0 |
Occupancy | $23,254 |
Travel | $133 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $9,943 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,167 |
Insurance | $111,759 |
All other expenses | $0 |
Total functional expenses | $1,681,315 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $383,613 |
Savings and temporary cash investments | $351,112 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $116,898 |
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 | $17,429 |
Net Land, buildings, and equipment | $743,259 |
Investments—publicly traded securities | $18,596,874 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $20,209,185 |
Accounts payable and accrued expenses | $28,951 |
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 | $382,411 |
Total liabilities | $411,362 |
Net assets without donor restrictions | $19,797,823 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $20,209,185 |
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 |