Clover Hill Park Cemetery Perpetual Trust Fund 02033020127165
- Assets
- $34.9m
- Revenue
- $341.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 03/1959
- Data as of
- 08/2022
- EIN
- 38-6042475
Organization Overview
Clover Hill Park Cemetery Perpetual Trust Fund 02033020127165 is located in Birmingham, MI. The organization was established in 1959. 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. Clover Hill Park Cemetery Perpetual Trust Fund 02033020127165 is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 08/2022, Clover Hill Park Cemetery Perpetual Trust Fund 02033020127165 generated $341.6k 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 (4.3%) each year. All expenses for the organization totaled $416.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
PERPETUAL MAINTENANCE OF CEMETERY, ITS LOTS, CHAPEL, BUILDINGS, ROADS AND GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERPETUAL MAINTENANCE OF CEMETERY, ITS LOTS, CHAPEL, BUILDINGS, ROADS AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven R Weisberg Vice Chairman | OfficerTrustee | 1 | $0 |
Gregg Orley Chairman | OfficerTrustee | 1 | $0 |
Norman Beitner Treasurer | OfficerTrustee | 1 | $0 |
David Goodman Trustee | Trustee | 1 | $0 |
Larry Nemer Trustee | Trustee | 1 | $0 |
David Wallace Trustee | 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 | $173,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,270 |
| Total Program Service Revenue | $0 |
| Investment income | $168,349 |
| 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 | $341,619 |
| 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 | $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 | $70,779 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $320,674 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,196 |
| All other expenses | $0 |
| Total functional expenses | $416,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $399,766 |
| 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 | $0 |
| Investments—publicly traded securities | $34,472,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,872,300 |
| 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 | $10,662,230 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $24,210,070 |
| Total liabilities and net assets/fund balances | $34,872,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clover Hill Park Cemetery Perpetual Trust Fund 02033020127165 has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Madeleine H And Mandell L Berman Support Foundation Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $105,000 |
Endowment Analysis
| Beg. Balance | $37,724,540 |
| Earnings | -$2,608,861 |
| Admin Expense | $70,779 |
| Net Contributions | $173,270 |
| Other Expense | $345,870 |
| Ending Balance | $34,872,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Elmwood Cemetery Association Detroit, MI | $22,526,904 | $6,677,870 |
Toledo Memorial Park & Mausoleum Sylvania, OH | $29,699,848 | $3,122,965 |
Woodland Cemetery Assoc Of Dayton Dayton, OH | $43,455,878 | $4,734,488 |
Calvary Cemetery Association Of Dayton Ohio Dayton, OH | $41,468,386 | $5,939,486 |
Crown Hill Cemetery Indianapolis, IN | $75,777,693 | $824,020 |
Springfield Cemetery Springfield, OH | $36,123,052 | $3,991,457 |
Union Cemetery Association Of Clinton Township Columbus, OH | $17,428,047 | $2,875,713 |
Forest Home Cemetery Inc Milwaukee, WI | $9,127,975 | $2,672,979 |
Woodside Cemetery Association Middletown, OH | $23,469,990 | $6,470,841 |
Glendale Cemetery Association Cincinnati, OH | $14,180,572 | $2,544,429 |