Knollwood Cemetery Association
- Assets
- $10.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Mayfield Heights, OH
- Founding
- 09/1944
- Data as of
- 12/2023
- EIN
- 34-0336318
Organization Overview
Knollwood Cemetery Association is located in Mayfield Heights, OH. The organization was established in 1944. 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, Knollwood Cemetery Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knollwood Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Knollwood Cemetery Association generated $1.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
RESPONSIBLE FOR THE CURRENT & PERPETUAL MAINTENANCE OF BURIAL GROUNDS & MAUSOLEUMS OF KNOLLWOOD CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
KNOLLWOOD CEMETERY ASSOCIATION IS RESPONSIBLE FOR THECURRENT AND PERPETUAL MAINTENANCE OF THE KNOLLWOOD CEMETERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mchugh President | OfficerTrustee | 8.75 | $25,000 |
Marlene Moizuk Trustee; Operations Mgr | Trustee | 40 | $103,010 |
Timothy Valentino Trustee | Trustee | 0.3 | $0 |
Bruno Frabotta Trustee | Trustee | 0.3 | $0 |
Oliver Young Trustee | Trustee | 0.3 | $0 |
Michael Waldron Trustee | Trustee | 40 | $67,834 |
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 | $47,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,298 |
| Total Program Service Revenue | $1,369,205 |
| Investment income | $415,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,734 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,929,533 |
| 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. | $198,320 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,918 |
| Payroll taxes | $70,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,570 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,905 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,698 |
| Office expenses | $23,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,631 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,574 |
| Insurance | $57,823 |
| All other expenses | $95,376 |
| Total functional expenses | $1,496,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $758,153 |
| Prepaid expenses and deferred charges | $8,862 |
| Net Land, buildings, and equipment | $850,017 |
| Investments—publicly traded securities | $8,575,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,880,444 |
| Accounts payable and accrued expenses | $76,915 |
| Grants payable | $0 |
| Deferred revenue | $645,815 |
| 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 | $204,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $926,899 |
| Net assets without donor restrictions | $2,690,739 |
| Net assets with donor restrictions | $7,262,806 |
| 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 | $10,880,444 |