Waterloo Cemetery Association
- Assets
- $1.2m
- Revenue
- $76.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 30-0080142
Organization Overview
Waterloo Cemetery Association, operating under the name Waterloo Cemetery, is located in Waterloo, IA. The organization was established in 2002. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterloo Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Waterloo Cemetery generated $76.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $75.1k during the year ending 12/2021. While expenses have increased by 6.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE NOT-FOR-PROFIT ASSOCIATION FOR THE PURPOSE OF OPERATING A CEMETERY FOR THE BURIAL OF THE DEAD. THE ASSOCIATION'S CONTROLLING BOARD CONSISTS OF VOLUNTEER, UNPAID DIRECTORS (NOT MEMBERS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED BUSINESS, SUCH AS: LOT SALES & INTERMENTS; PERTINENT PAPERWORK, RECORD KEEPING & FINANCIAL TRANSACTIONS; GROUNDS MAINTENACE; EQUIPMENT MAINTENANCE; PURCHASING & JUNKING EQUIMENT;GRAVE MARKER REALIGNMENT OR REPAIR; ETC.
REGULAR BUSINESS MEETINGS WERE HELD BY THE BOARD OF DIRECTORS TO DISCUSS & HANDLE BUSINESS ISSUES. WE WORKED WITH OUR BANKERS TO CONSERVATIVELY HANDLE OUR TRUST ACCOUNTS & OTHER ACCOUNTS. REPORTS AS REQUIRED OF A PERPETUAL CARE CEMETERY WERE FILED WIITH THE IOWA BUREAU OF REGULATED INDUSTRIES WHICH OVERSEES US.
EACH MEMORIAL DAY WEEKEND WE INITIATE OUR YEARLY PUBLIC DONOR CAMPAIGN (AN ABSOLUTELY ESSENTIAL PROJECT TO KEEP US SOLVENT) SO THAT WE CAN NOT ONLY OPERATE IN THE BLACK BUT MEET SUCH FUTURE EXPENSES, AS: 1) MAINTENANCE, REPAIRS, & STRUCTURAL NEEDS 2) REPLACEMENT/REPAIR OF PERIMETER FENCING & GATEWAYS 3) REVAMPING OUR "MEMORIAL SECTION" 4) POSSIBLE FUTURE EXPANSION OF DRIVEWAY SYSTEM 5) WEED CONTROL 6) EMERGENCIES
SEE PART 4 A-C.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Hultman President | OfficerTrustee | 1 | $0 |
Kristi Frost Treasurer | OfficerTrustee | 5 | $0 |
Lisa Frank Vice Preside | OfficerTrustee | 2.5 | $0 |
Linda Slattenow Secretary | OfficerTrustee | 5 | $0 |
Connie Dawson Director | Trustee | 3 | $0 |
Marcea Seible 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 | $11,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,582 |
| Total Program Service Revenue | $34,645 |
| Investment income | $15,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,853 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $37,049 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,337 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,086 |
| 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 | $0 |
| Insurance | $3,836 |
| All other expenses | $0 |
| Total functional expenses | $75,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,034 |
| 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 | $501,693 |
| Investments—publicly traded securities | $734,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,240,611 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $738,918 |
| Paid-in or capital surplus, or land, building, or equipment fund | $501,693 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,240,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellefontaine Cemetery Association St Louis, MO | $166,331,381 | $12,820,734 |
Cedar Memorial Park Cemetery Association Inc Cedar Rapids, IA | $89,787,901 | $4,372,618 |
Forest Lawn Cemetery Association Omaha, NE | $20,611,919 | $4,624,942 |
Selected Independent Funeral Homes Lincolnshire, IL | $2,040,365 | $2,457,677 |
Trustees Of The Graceland Cemetery Improvement Fund Chicago, IL | $74,360,927 | $6,555,672 |
Forest Home Cemetery Inc Milwaukee, WI | $9,127,975 | $2,672,979 |
Bohemian National Cemetery Association Chicago, IL | $3,060,921 | $885,707 |
Funeral Service Foundation Inc Brookfield, WI | $12,194,327 | $2,150,777 |
Cremation Association Of North America Wheeling, IL | $1,894,259 | $1,623,825 |
Roselawn Cemetery Association Saint Paul, MN | $18,747,917 | $4,004,497 |
Forest Lawn Memorial Park Association Saint Paul, MN | $5,958,063 | $2,015,919 |
Elmhurst Cemetery Saint Paul, MN | $1,203,287 | $999,525 |