Memorys Garden Inc
- Assets
- $14.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Albany, NY
- Founding
- 05/1960
- Data as of
- 12/2023
- EIN
- 14-0880795
Organization Overview
Memorys Garden Inc is located in Albany, NY. The organization was established in 1960. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Memorys Garden Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorys Garden Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Memorys Garden Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CEMETERY GROUNDS AND RELATED SALES AND SERVICES AND MAINTENANCE OF CEMETERY GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CEMETERY GROUNDS AND RELATED SALES AND SERVICES AND MAINTENANCE OF CEMETERY GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mazmanian Executive Di | Trustee | 40 | $120,342 |
Cheryl Kowalski President | OfficerTrustee | 1 | $0 |
Sharon M Greenfield Vice Preside | OfficerTrustee | 1 | $0 |
Andy Marino Secretary | OfficerTrustee | 1 | $0 |
Frank Coluccio Treasurer | OfficerTrustee | 1 | $0 |
Raymond Paradise Trustee | Trustee | 1 | $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 | $34,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,115 |
| Total Program Service Revenue | $375,200 |
| Investment income | $254,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $859,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,306,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,863,878 |
| 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. | $120,342 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,456 |
| Pension plan accruals and contributions | $11,602 |
| Other employee benefits | $22,826 |
| Payroll taxes | $55,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,598 |
| Fees for services: Other | $2,811 |
| Advertising and promotion | $10,084 |
| Office expenses | $36,531 |
| Information technology | $5,548 |
| Royalties | $0 |
| Occupancy | $19,252 |
| Travel | $3,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,857 |
| Insurance | $49,765 |
| All other expenses | $0 |
| Total functional expenses | $1,178,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,815 |
| Savings and temporary cash investments | $1,111,051 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $836,512 |
| Prepaid expenses and deferred charges | $14,027 |
| Net Land, buildings, and equipment | $453,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,077,012 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,254,150 |
| Accounts payable and accrued expenses | $128,629 |
| Grants payable | $0 |
| Deferred revenue | $2,153,917 |
| 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 | $2,282,546 |
| Net assets without donor restrictions | $6,792,659 |
| Net assets with donor restrictions | $5,178,945 |
| 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 | $14,254,150 |