Freeport Memorial Gardens Inc
- Assets
- $1.6m
- Revenue
- $651.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Freeport, IL
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 36-2199729
Organization Overview
Freeport Memorial Gardens Inc is located in Freeport, IL. The organization was established in 1954. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. As of 12/2021, Freeport Memorial Gardens Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport Memorial Gardens Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Freeport Memorial Gardens Inc generated $651.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $517.2k during the year ending 12/2021. While expenses have increased by 2.2% 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
OPERATION OF CEMETERY AND MEMORIAL GARDENS IN FREEPORT, ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CEMETERY AND MEMORIAL GARDENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Norton Treasurer | Officer | 40 | $54,048 |
Dorothy Norton Secretary | Officer | 40 | $48,953 |
Thomas L Moll President | Officer | 20 | $24,200 |
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 | $605,763 |
| Investment income | $45,698 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $651,461 |
| 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. | $127,201 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $6,887 |
| Advertising and promotion | $3,005 |
| Office expenses | $13,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,759 |
| 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 | $29,027 |
| Insurance | $0 |
| All other expenses | $37,597 |
| Total functional expenses | $517,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,031,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $237,456 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $151,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,912 |
| Total assets | $1,629,241 |
| Accounts payable and accrued expenses | $64,466 |
| 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 | $6,000 |
| Total liabilities | $70,466 |
| Net assets without donor restrictions | $1,558,775 |
| Net assets with donor restrictions | $0 |
| 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 | $1,629,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Horticultural Society Glencoe, IL | $333,124,052 | $72,376,611 |
Missouri Botanical Garden Board Of Trustees St Louis, MO | $365,170,993 | $58,989,201 |
Morton Arboretum Lisle, IL | $321,129,910 | $28,928,117 |
Powell Gardens Inc Kingsville, MO | $24,088,775 | $5,681,718 |
Green Bay Botanical Garden Inc Green Bay, WI | $16,307,811 | $3,306,952 |
Anderson Gardens Rockford, IL | $13,394,743 | $2,213,455 |
Aline And Edgar Igleheart Foundation Inc Evansville, IN | $77,304,816 | $7,418,048 |
Wellfield Botanic Gardens Inc Elkhart, IN | $16,109,169 | $9,384,636 |
Rotary Botanical Gardens Inc Janesville, WI | $3,144,621 | $1,397,418 |
Quad City Botanical Center Foundation Rock Island, IL | $4,957,225 | $828,470 |
Iowa Arboretum Inc Madrid, IA | $3,776,984 | $807,261 |
Freeport Memorial Gardens Inc Freeport, IL | $1,629,241 | $651,461 |