Canton Cemetery Association
- Assets
- $8.5m
- Revenue
- $976.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Canton, OH
- Founding
- 03/1942
- Data as of
- 03/2023
- EIN
- 34-0129920
Organization Overview
Canton Cemetery Association is located in Canton, OH. The organization was established in 1942. 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 03/2023, Canton Cemetery Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 03/2023, Canton Cemetery Association generated $976.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $843.3k during the year ending 03/2023. 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
CEMETERY SALES AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF CEMETERY LOTS AND CRYPTS, VAULTS, MEMORIALS AND MARKERS, BURIALS AND CEMTETERY UPKEEP AND IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claude W Shriver II President | OfficerTrustee | 30 | $15,600 |
Michael Hoag Trustee | Trustee | 2 | $0 |
Jack Bahl Trustee | Trustee | 2 | $0 |
John Finnucan Treasurer | OfficerTrustee | 2 | $0 |
Richard P Gibbs Vice President | OfficerTrustee | 2 | $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 | $42,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,856 |
| Total Program Service Revenue | $0 |
| Investment income | $155,067 |
| 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 | $778,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $976,425 |
| 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. | $15,600 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,565 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,276 |
| Office expenses | $9,613 |
| Information technology | $22,823 |
| 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 | $12,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,034 |
| Insurance | $16,108 |
| All other expenses | $34,126 |
| Total functional expenses | $843,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,259 |
| Savings and temporary cash investments | $150,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $85,461 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $622,164 |
| Investments—publicly traded securities | $7,076,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,517,740 |
| Accounts payable and accrued expenses | $729,871 |
| 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 | $227,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,243,751 |
| Total liabilities | $2,201,293 |
| Net assets without donor restrictions | $4,941,390 |
| Net assets with donor restrictions | $1,375,057 |
| 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 | $8,517,740 |