Troy Cemetery Association
- Assets
- $6.4m
- Revenue
- $919.4k
- Investments
- $4.2m
- Employees
- 22
- Location
- Troy, NY
- Founding
- 03/1942
- Data as of
- 10/2023
- EIN
- 14-1127074
Organization Overview
Troy Cemetery Association is located in Troy, 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 10/2023, Troy Cemetery Association employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 10/2023, Troy Cemetery Association generated $919.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $877.2k during the year ending 10/2023. While expenses have increased by 5.2% per year over the past 8 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
CEMETERY OPERATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEMETERY REBUILT AND INSTALLED A NEW CREMATION UNIT FOR THE PURPOSE OF BEING IN COMPLIANCE WITH NEW YORK STATE EMISSION STANDARDS. IN ADDITION, YEAR 2022 IS THE FIRST FULL YEAR THAT A NEW CREMATORY CHAMBER WAS PLACED IN SERVICE, FINANCED BY A NEW YORK STATE DIVISION OF CEMETERIES APPROVED BORROWING FROM THE CEMETERY'S ENDOWMENT FUND.
OVER 75 MONUMENTS LISTED IN DANGEROUS CONDITION WERE REPAIRED AND STABILIZED.
THE CEMETERY REPLACED A STEAM BOILER HEATING PLANT IN THE MAIN OFFICE BUILDING. EXTENSIVE WORK ON PATCHING THE MILES OF ROADWAYS WITHIN THE CEMETERY GROUNDS WAS DONE, AND LANDSCAPING IMPROVEMENTS WERE MADE AS NEW TREES WERE PLANTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Waite Trustee | Trustee | 1 | $0 |
John R Roy Trustee | Trustee | 1 | $0 |
Deborah Bennett Trustee | Trustee | 1 | $0 |
Christie Fronhofer Trustee | Trustee | 1 | $0 |
Thomas Maggs President | Officer | 3 | $0 |
Trudy Hanmer Vice President | Officer | 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 | $10,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,396 |
| Total Program Service Revenue | $622,568 |
| Investment income | $222,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,508 |
| Net Income from Fundraising Events | $59,808 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,383 |
| 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 | $0 |
| Other salaries and wages | $307,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,930 |
| Payroll taxes | $29,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,665 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,175 |
| Fees for services: Other | $7,711 |
| Advertising and promotion | $18,811 |
| Office expenses | $15,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,714 |
| Travel | $210 |
| 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 | $111,925 |
| Insurance | $66,824 |
| All other expenses | $4,256 |
| Total functional expenses | $877,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,348 |
| Prepaid expenses and deferred charges | $9,963 |
| Net Land, buildings, and equipment | $1,821,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,245,329 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,174 |
| Total assets | $6,393,314 |
| Accounts payable and accrued expenses | $36,779 |
| Grants payable | $0 |
| Deferred revenue | $8,244 |
| 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 | $45,023 |
| Net assets without donor restrictions | $2,007,694 |
| Net assets with donor restrictions | $4,340,597 |
| 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 | $6,393,314 |