Ivy Hill Cemetery Company
- Assets
- $12.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Philadelphia, PA
- Founding
- 07/1931
- Data as of
- 04/2024
- EIN
- 23-0727280
Organization Overview
Ivy Hill Cemetery Company is located in Philadelphia, PA. The organization was established in 1931. 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 04/2024, Ivy Hill Cemetery Company employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Hill Cemetery Company is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 04/2024, Ivy Hill Cemetery Company generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.7m during the year ending 04/2024. While expenses have increased by 2.8% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES BURIAL AND CREMATION SERVICES FOR PHILADELPHIA AND THE SURROUNDING AREA COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BURIAL AND CREMATION SERVICES FOR THE PHILADELPHIA AREA AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Knup President | OfficerTrustee | 2 | $7,249 |
David G Drysdale Jr Secretary/treasurer | OfficerTrustee | 40 | $126,753 |
David Asher Vice President | OfficerTrustee | 2 | $4,143 |
Christopher K Barber Manager | Trustee | 2 | $4,143 |
John A Harper Manager | Trustee | 2 | $4,143 |
Thomas Johnston Manager | Trustee | 2 | $6,732 |
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 | $3,515,662 |
| Investment income | $257,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $371,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,144,505 |
| 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. | $177,344 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,607,835 |
| Pension plan accruals and contributions | $66,912 |
| Other employee benefits | $296,206 |
| Payroll taxes | $143,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,313 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,457 |
| Office expenses | $95,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,731 |
| 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 | $134,062 |
| Insurance | $93,333 |
| All other expenses | $39,950 |
| Total functional expenses | $3,738,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,867 |
| Savings and temporary cash investments | $728,206 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,915 |
| Prepaid expenses and deferred charges | $33,803 |
| Net Land, buildings, and equipment | $3,490,625 |
| Investments—publicly traded securities | $7,831,019 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,531,988 |
| Accounts payable and accrued expenses | $111 |
| Grants payable | $0 |
| Deferred revenue | $64,840 |
| 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 | $505,808 |
| Total liabilities | $570,759 |
| Net assets without donor restrictions | $11,850,413 |
| Net assets with donor restrictions | $110,816 |
| 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 | $12,531,988 |