Rosemount Memorial Park Assn
- Assets
- $6.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Red Bank, NJ
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 22-0989465
Organization Overview
Rosemount Memorial Park Assn is located in Red Bank, NJ. The organization was established in 1973. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Rosemount Memorial Park Assn employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosemount Memorial Park Assn is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Rosemount Memorial Park Assn generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.6m 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
CEMETERY, LOCATED AT 1109 NECK LANE ELIZABETH NJ, SERVICES THOUSANDS OF FAMILIES WITH THEIR BURIAL, ENTOMBMENT AND CREMATION NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY SERVICES THOUSANDS OF FAMILIES WITH THEIR BURIAL, ENTOMBMENT AND CREMATION NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Davillo Trustee | Trustee | 40 | $69,821 |
Louis Cicalese President | OfficerTrustee | 10 | $19,167 |
Michael Baratta Vice President | OfficerTrustee | 0 | $0 |
Enrique Perez Trustee | Trustee | 0 | $0 |
David Jacobs Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elevated Inc Sales/marketing Svc | 12/30/20 | $515,278 |
Machpelah Cemetary Assoc Service Fees | 12/30/20 | $213,140 |
Elevated Inc Sales/marketing Svc | 12/30/20 | $515,278 |
Machpelah Cemetary Assoc Service Fees | 12/30/20 | $213,140 |
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 | $1,800,325 |
| Investment income | $87,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$30,978 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,003,273 |
| 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. | $88,988 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,974 |
| Payroll taxes | $40,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $835 |
| Fees for services: Accounting | $14,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,657 |
| Advertising and promotion | $3,315 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,510 |
| 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 | $97,673 |
| Insurance | $26,309 |
| All other expenses | $106,223 |
| Total functional expenses | $1,643,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $964,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $915,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,022,312 |
| Investments—publicly traded securities | $490,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,592,430 |
| Total assets | $6,136,748 |
| Accounts payable and accrued expenses | $2,937,461 |
| 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 | $9,902 |
| Other liabilities | $20,879 |
| Total liabilities | $2,968,242 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,168,506 |
| Total liabilities and net assets/fund balances | $6,136,748 |
Endowment Analysis
| Beg. Balance | $2,458,773 |
| Earnings | $123,984 |
| Admin Expense | $81,288 |
| Net Contributions | $71,324 |
| Ending Balance | $2,572,793 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
The Arthur Page Society New York, NY | $4,651,652 | $4,039,971 |
Home Port Alliance For The Uss New Jersey Inc Camden, NJ | $22,163,173 | $5,435,122 |
Grand Opera House Inc Wilmington, DE | $14,790,071 | $4,641,667 |