Springfield L I Cemetery Society
- Assets
- $66.0m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 74
- Location
- St Albans, NY
- Founding
- 08/1936
- Data as of
- 12/2021
- EIN
- 13-1335655
Organization Overview
Springfield L I Cemetery Society is located in St Albans, 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, Springfield L I Cemetery Society employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield L I Cemetery Society is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Springfield L I Cemetery Society generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.6m 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 AND CARE OF GRAVES, AND THE BURIAL OF THE DECEASED WERE THE SERVICES PROVIDED BY THE EXPENDITURES IN PART IX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Biolsi President/director | OfficerTrustee | 10 | $105,179 |
Gina Chieffo-Mazerelli Treasurer/controller | Officer | 10 | $44,996 |
Seth Colby Vp/sec/dir | OfficerTrustee | 2 | $21,400 |
David Auerbach Dir/asst Sec | OfficerTrustee | 2 | $17,800 |
Richard Betheil Dir/asst Sec | OfficerTrustee | 1 | $17,800 |
Joshua Zuckerberg Director | Trustee | 1 | $17,800 |
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 | $3,148,873 |
| Investment income | $2,053,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $648,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,155,470 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $232,975 |
| Other salaries and wages | $2,369,926 |
| Pension plan accruals and contributions | $75,420 |
| Other employee benefits | $641,205 |
| Payroll taxes | $272,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,000 |
| Fees for services: Accounting | $24,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,600 |
| Advertising and promotion | $0 |
| Office expenses | $8,024 |
| 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 | $53,925 |
| Insurance | $162,928 |
| All other expenses | $220,433 |
| Total functional expenses | $4,589,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,661,561 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,096,301 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,550,960 |
| Investments—publicly traded securities | $58,731,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,122 |
| Total assets | $66,041,308 |
| Accounts payable and accrued expenses | $160,836 |
| Grants payable | $0 |
| Deferred revenue | $245,430 |
| 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 | $31,331 |
| Total liabilities | $437,597 |
| Net assets without donor restrictions | $12,785,658 |
| Net assets with donor restrictions | $52,818,053 |
| 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 | $66,041,308 |
Endowment Analysis
| Beg. Balance | $44,929,036 |
| Earnings | $1,943,556 |
| Net Contributions | $1,304,840 |
| Other Expense | $1,207,423 |
| Ending Balance | $46,970,009 |
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 |