Crescent Memorial Park Inc
- Assets
- $2.7m
- Revenue
- $514.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Pennsauken, NJ
- Founding
- 08/1972
- Data as of
- 05/2022
- EIN
- 22-1828329
Organization Overview
Crescent Memorial Park Inc is located in Pennsauken, NJ. The organization was established in 1972. 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 05/2022, Crescent Memorial Park Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescent Memorial Park Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 05/2022, Crescent Memorial Park Inc generated $514.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $389.6k during the year ending 05/2022. While expenses have increased by 3.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BURIAL PLOTS FOR THE COMMUNITY AS WELL AS BURIAL SERVICES AND MAINTENANCE OF THE BURIAL GROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BURIAL PLOTS FOR THE COMMUNITY AS WELL AS SERVICES AND MAINTENANCE OF THE BURIAL GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Liebman Vice President | OfficerTrustee | 1 | $0 |
Steven Gilbert President | OfficerTrustee | 1 | $0 |
Bonni Rubin-Sugarman Secretary | OfficerTrustee | 5 | $0 |
Daniel Wolf Treasurer | OfficerTrustee | 1 | $0 |
Carlos Garber 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 | $452,185 |
| Investment income | $62,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,881 |
| 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 | $171,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,757 |
| Payroll taxes | $14,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,111 |
| Fees for services: Accounting | $6,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,943 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,021 |
| Office expenses | $14,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $19,839 |
| Insurance | $21,622 |
| All other expenses | $21,332 |
| Total functional expenses | $389,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,004 |
| Savings and temporary cash investments | $0 |
| 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 | $1,593 |
| Net Land, buildings, and equipment | $338,005 |
| Investments—publicly traded securities | $469,438 |
| Investments—other securities | $0 |
| Investments—program-related | $1,481,638 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,727,678 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $284,813 |
| 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 | $284,813 |
| Net assets without donor restrictions | $1,310,611 |
| Net assets with donor restrictions | $1,132,254 |
| 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 | $2,727,678 |
Endowment Analysis
| Beg. Balance | $1,078,347 |
| Earnings | -$189,595 |
| Admin Expense | -$5,217 |
| Net Contributions | $17,732 |
| Other Expense | -$24,808 |
| Ending Balance | $876,459 |
Peer Organizations
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|---|---|---|
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The Woodlawn Cemetery Bronx, NY | $289,264,337 | $31,058,870 |
Green-Wood Cemetery Brooklyn, NY | $248,405,077 | $23,458,957 |
Kensico Cemetery Valhalla, NY | $290,091,968 | $37,854,382 |
Cypress Hills Cemetery Brooklyn, NY | $82,294,454 | $26,282,418 |
Beth Isreal Cemetery Association Bensalem, PA | $131,465,131 | $13,044,933 |
Cedar Grove Cemetery Association Flushing, NY | $446,925,476 | $46,438,257 |
Montefiore Cemetery Corporation St Albans, NY | $170,636,293 | $20,446,217 |
Ferncliff Cemetery Association Hartsdale, NY | $321,837,368 | $32,920,471 |
Elmont Cemetery Inc Elmont, NY | $157,393,841 | $12,857,507 |
Buffalo City Cemetery Buffalo, NY | $53,373,006 | $10,103,958 |
New Cedar Park Cemetery Westwood, NJ | $108,117,854 | $8,075,200 |