Oakwood Cemetery Association Inc
- Assets
- $2.5m
- Revenue
- $368.9k
- Investments
- $1.5m
- Employees
- 4
- Location
- Penfield, NY
- Founding
- 09/1952
- Data as of
- 12/2023
- EIN
- 16-0765120
Organization Overview
Oakwood Cemetery Association Inc is located in Penfield, NY. The organization was established in 1952. 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 12/2023, Oakwood Cemetery Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakwood Cemetery Association Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Oakwood Cemetery Association Inc generated $368.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $303.4k during the year ending 12/2023. While expenses have increased by 5.0% 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
TO MAINTAIN A CEMETERY & MAUSOLEUM IN THE TOWN OF PENFIELD, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A LOCAL CEMETERY IN THE TOWN OF PENFIELD THAT COVERS APPROXIMATELY 20 ACRES. THEY HANDLE BETWEEN 120 TO 180 BURIALS PER YEAR. EFFICTIVE IN 2009, THE ORGANIZATION HAS CONSTRUCTED A MAUSOLEUM THAT CAN HOLD APPROXIMATELY 900 BURIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Carpenter Superintendent | Trustee | 40 | $64,406 |
Christine Mccormick Sec / Treasurer | Officer | 40 | $27,606 |
Jim Schantz Vice President | Trustee | 1 | $0 |
Janice Braman Director | Trustee | 2 | $0 |
Howard Clark Director | Trustee | 1 | $0 |
Jeffery Hennings Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $293,082 |
| Investment income | $76,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,909 |
| 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. | $92,012 |
| Compensation of current officers, directors, key employees. | $23,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,792 |
| Payroll taxes | $14,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $375 |
| Office expenses | $8,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,430 |
| 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 | $35,395 |
| Insurance | $9,353 |
| All other expenses | $3,522 |
| Total functional expenses | $303,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,797 |
| Savings and temporary cash investments | $173,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $467,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,549,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $312,263 |
| Total assets | $2,517,796 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $320,213 |
| Total liabilities | $320,213 |
| Net assets without donor restrictions | $320,063 |
| Net assets with donor restrictions | $1,877,520 |
| 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 | $2,517,796 |