Lake View Cemetery Association
- Assets
- $5.4m
- Revenue
- $268.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Jamestown, NY
- Founding
- 09/1941
- Data as of
- 09/2023
- EIN
- 16-0516550
Organization Overview
Lake View Cemetery Association is located in Jamestown, NY. The organization was established in 1941. 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 09/2023, Lake View Cemetery Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake View Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 09/2023, Lake View Cemetery Association generated $268.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $478.2k during the year ending 09/2023. 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
OPERATION OF CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE CEMETERY, SELL SERVICES AND MEMORIALS, AS WELL AS MAINTAIN GROUNDS FOR THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Alm President | OfficerTrustee | 1 | $0 |
William R Reynolds III Vice President | OfficerTrustee | 1 | $0 |
Charles T Hall Treasurer | OfficerTrustee | 1 | $0 |
Matthew M Moore Trustee | Trustee | 1 | $0 |
Clayton Bloomquist Trustee | Trustee | 1 | $0 |
Rev Daniel K Nagle 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 | $2,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,509 |
| Total Program Service Revenue | $0 |
| Investment income | $111,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$86,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $240,691 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,168 |
| 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. | $53,560 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $211,744 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,342 |
| Other employee benefits | $11,883 |
| Payroll taxes | $30,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,329 |
| Office expenses | $4,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,853 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,910 |
| Insurance | $16,740 |
| All other expenses | $17,553 |
| Total functional expenses | $478,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,651 |
| 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 | $13,697 |
| Net Land, buildings, and equipment | $377,900 |
| Investments—publicly traded securities | $4,618,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,514 |
| Total assets | $5,360,031 |
| Accounts payable and accrued expenses | $71,342 |
| 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 | $12,641 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $83,983 |
| Net assets without donor restrictions | $657,202 |
| Net assets with donor restrictions | $4,618,846 |
| 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 | $5,360,031 |