Floral Park Cemetary Corporation
- Assets
- $10.3m
- Revenue
- $1.2m
- Investments
- $866.2k
- Employees
- 12
- Location
- Monmouth Junction, NJ
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 22-1618186
Organization Overview
Floral Park Cemetary Corporation is located in Monmouth Junction, NJ. The organization was established in 1980. 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, Floral Park Cemetary Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floral Park Cemetary Corporation is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Floral Park Cemetary Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $642.7k during the year ending 12/2023. While expenses have increased by 0.6% 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
PROVIDE GRAVES, INTERMENTS, CARE & MAINTENANCE TO PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, THERE WERE 131 INTERMENTS & 45 GRAVES SOLD. GRAVE OWNERS & ENDOWMENT FUNDS PROVIDE THE REVENUES TO MAINTAIN GROUNDS & RECORD KEEPING OF THE CEMETERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmund Berkowitz President | OfficerTrustee | 25 | $91,400 |
Marcia Berkowitz Vice President | Trustee | 10 | $0 |
Lita Greenberg Director | Trustee | 10 | $0 |
Jeffrey Greenberg Vice President | OfficerTrustee | 25 | $81,400 |
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 | $248,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,862 |
| Total Program Service Revenue | $0 |
| Investment income | $452,492 |
| 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 | $541,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,242,897 |
| 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. | $172,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,940 |
| Payroll taxes | $27,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,608 |
| Fees for services: Accounting | $16,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,200 |
| Office expenses | $8,450 |
| Information technology | $11,545 |
| Royalties | $0 |
| Occupancy | $4,251 |
| 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 | $13,940 |
| Insurance | $29,825 |
| All other expenses | $0 |
| Total functional expenses | $642,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,312 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $188,368 |
| Investments—publicly traded securities | $8,447,429 |
| Investments—other securities | $866,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,296,406 |
| Accounts payable and accrued expenses | $16,749 |
| Grants payable | $0 |
| Deferred revenue | $57,599 |
| 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 | $74,348 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $167,057 |
| Paid-in or capital surplus, or land, building, or equipment fund | $8,447,429 |
| Retained earnings, endowment, accumulated income, or other funds | $1,607,572 |
| Total liabilities and net assets/fund balances | $10,296,406 |