Locust Valley Cemetery Association Inc

Organization Overview

Locust Valley Cemetery Association Inc is located in Locust Valley, NY. The organization was established in 1942. 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 03/2022, Locust Valley Cemetery Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Locust Valley Cemetery Association Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.

For the year ending 03/2022, Locust Valley Cemetery Association Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $2.0m during the year ending 03/2022. While expenses have increased by 5.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE INTERMENT OF BODIES IN BURIAL PLOTS HELD BY MEMBERS AND MAINTENANCE OF THE CEMETERY IN PERPETUITY. REGULATED BY THE NY STATE DEPARTMENT OF STATE, DIVISION OF CEMETERIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES IN CONNECTION WITH THE BURIALS AND CARE OF CEMETERY PLOTS.


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Board, Officers & Key Employees

Name (title)Compensation
William Simons
General Manager
$146,074
Edward Simons
Superintendent
$107,728
James Wellington
President
$0
Stephen Murphy
Treasurer
$0
Peter B Colgrove
Secretary
$0
Carol Harrington
Asst Secretary
$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$44,519
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$44,519
Total Program Service Revenue$2,576,860
Investment income $338,638
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $22,865
Net Gain/Loss on Asset Sales $1,089,822
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,072,704

Endowment Analysis

Beg. Balance$65,720
Ending Balance$65,720

Peer Organizations

Organization NameAssets
The Woodlawn Cemetery
Bronx, NY
$31,058,870
Green-Wood Cemetery
Brooklyn, NY
$23,458,957
Kensico Cemetery
Valhalla, NY
$37,854,382
Cypress Hills Cemetery
Brooklyn, NY
$26,282,418
Beth Isreal Cemetery Association
Bensalem, PA
$13,044,933
Proprietors Of The Cemetery Of Mount Auburn
Cambridge, MA
$17,833,298
Cedar Grove Cemetery Association
Flushing, NY
$46,438,257
Montefiore Cemetery Corporation
St Albans, NY
$20,446,217
Ferncliff Cemetery Association
Hartsdale, NY
$32,920,471
Elmont Cemetery Inc
Elmont, NY
$12,857,507
Buffalo City Cemetery
Buffalo, NY
$10,103,958
New Cedar Park Cemetery
Westwood, NJ
$8,075,200

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