Toledo Memorial Park & Mausoleum
- Assets
- $29.7m
- Revenue
- $3.1m
- Investments
- $100.0k
- Employees
- 37
- Location
- Sylvania, OH
- Founding
- 04/1965
- Data as of
- 05/2022
- EIN
- 34-4375500
Organization Overview
Toledo Memorial Park & Mausoleum is located in Sylvania, OH. The organization was established in 1965. 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, Toledo Memorial Park & Mausoleum employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Memorial Park & Mausoleum is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 05/2022, Toledo Memorial Park & Mausoleum generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $3.8m during the year ending 05/2022. 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
SALES OF BURIAL SPACE, BURIALS, CREMATIONS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF BURIAL SPACE, BURIALS, CREMATIONS, ETC.
SALES OF BURIAL SPACE, BURIALS, CREMATIONS, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Clegg Trustee/pres | OfficerTrustee | 45 | $199,623 |
Josette Snyder Dir. Of Oper | OfficerTrustee | 45 | $122,522 |
James Sautter Trustee | OfficerTrustee | 1 | $15,600 |
Kelly Cleveland Trustee | Trustee | 4 | $13,200 |
John Boggs Trustee | Trustee | 1 | $9,600 |
Scott Fought Trustee | Trustee | 1 | $9,600 |
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 | $8,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,000 |
| Total Program Service Revenue | $3,905,815 |
| Investment income | -$786,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,800 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,122,965 |
| 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. | $413,926 |
| Compensation of current officers, directors, key employees. | $413,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,955 |
| Pension plan accruals and contributions | $75,718 |
| Other employee benefits | $214,291 |
| Payroll taxes | $62,328 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $192,461 |
| Office expenses | $80,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,671 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,292 |
| Insurance | $67,054 |
| All other expenses | $254,121 |
| Total functional expenses | $3,777,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,827,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,301,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,438,889 |
| Prepaid expenses and deferred charges | $66,787 |
| Net Land, buildings, and equipment | $2,481,593 |
| Investments—publicly traded securities | $21,211,179 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $34,262 |
| Other assets | $238,613 |
| Total assets | $29,699,848 |
| Accounts payable and accrued expenses | $2,124,613 |
| 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 | $215,036 |
| Total liabilities | $2,339,649 |
| Net assets without donor restrictions | $26,696,269 |
| Net assets with donor restrictions | $663,930 |
| 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 | $29,699,848 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Toledo Memorial Park & Mausoleum has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Ohio Humanities Council Columbus, OH PURPOSE: SUPPORT HUMANITIES IN THE STATE OF OHIO | $15,000 |
Endowment Analysis
| Beg. Balance | $704,804 |
| Earnings | -$40,715 |
| Net Contributions | $8,000 |
| Other Expense | $8,159 |
| Ending Balance | $663,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beth Isreal Cemetery Association Bensalem, PA | $131,465,131 | $13,044,933 |
Washington Park Cemetery Association Inc Indianapolis, IN | $57,549,845 | $13,115,645 |
Lake View Cemetery Association Cleveland, OH | $51,077,565 | $11,550,023 |
Cave Hill Cemetery Company Louisville, KY | $67,001,142 | $12,381,029 |
West Laurel Hill Cemetery Co Bala Cynwyd, PA | $73,101,806 | $10,203,790 |
Clover Leaf Park Cemetery Association Bensalem, PA | $64,984,300 | $5,847,468 |
Crown Hill Cemetery Association Bensalem, PA | $43,851,770 | $4,731,978 |
Elmwood Cemetery Association Detroit, MI | $22,526,904 | $6,677,870 |
Lexington Cemetery Company Lexington, KY | $150,406,302 | $9,017,874 |
Toledo Memorial Park & Mausoleum Sylvania, OH | $29,699,848 | $3,122,965 |
Ivy Hill Cemetery Company Philadelphia, PA | $12,453,849 | $4,553,724 |
Odd Fellows Cemetery Company Of Philadelphia Rockledge, PA | $3,101,798 | $3,510,814 |