Lakewood Cemetery Association

Organization Overview

Lakewood Cemetery Association is located in Minneapolis, MN. The organization was established in 1927. 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 09/2021, Lakewood Cemetery Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.

For the year ending 09/2021, Lakewood Cemetery Association generated $27.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $11.4m during the year ending 09/2021. While expenses have increased by 7.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE SERVE FAMILIES AND OUR COMMUNITY BY OFFERING COMMEMORATIVE SERVICES TO HONOR, CELEBRATE, AND REMEMBER A LOVED ONE'S LIFE IN A PLACE OF BEAUTY AND SOLACE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A CEMETERY WHICH IS A TAX-EXEMPT ENTITY UNDER IRC SEC 501(C)(13). OUR PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE SALE OF INTERMENT RIGHTS, MEMORIAL MONUMENTS AND MARKERS, CREMATION URNS AND GROUND LEVEL VASES. OUR BURIAL ACTIVITIES CONSIST OF OPENING AND CLOSING GRAVES, SODDING, ETC. OF APPROXIMATELY 750 GRAVES PER YEAR (A TOTAL OF 320 CASKETS AND 530 URNS OF CREMATED REMAINS). WE ALSO PROVIDE CREMATION SERVICES AROUND 1500 FAMILIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Personnel Plus
Staffing Agency
$1,025,193
Lazard Asset Management Llc
Invesment Management
$377,811
Ostvig Tree Care
Tree Services
$420,555
Murphy Granite Carving
Granite Marker Vendor
$252,712
Spyglass Creative
Marketing/branding Agency
$367,084
View All Vendors

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$8,349,087
Investment income $2,596,046
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,355,696
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,300,829

Grants Awarded

Over the last fiscal year, Lakewood Cemetery Association has awarded $10,000 in support to 2 organizations.

Grant RecipientAmount

MINNESOTA ORCHESTRA

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: OPERATIONS SUPPORT

$5,000

MINNEAPOLIS INSTITUTE OF ART

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: OPERATIONS SUPPORT

$5,000
View Grant Profile

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