Princeton Abbey And Cemetery Inc
- Assets
- -$588.2k
- Revenue
- $59.2k
- Investments
- $249.5k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 46-1614842
Organization Overview
Princeton Abbey And Cemetery Inc is located in Houston, TX. The organization was established in 2017. 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. Princeton Abbey And Cemetery Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Princeton Abbey And Cemetery Inc generated $59.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $477.7k during the year ending 12/2021. 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
THE CORPORATION IS FORMED FOR THE PURPOSES OF OWNING AND OPERATING A CEMETERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CEMETERY AND BURIAL SERVICES TO THOSE IN NEED ON A NONPROFIT BASIS IN ACCORDANCE WITH SECTION 501(C)(13).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Passodelis Vice President Operations | OfficerTrustee | 8 | $0 |
J Bradley Green Chief Executive Officer | OfficerTrustee | 1 | $0 |
David Belt Vice President | OfficerTrustee | 1 | $0 |
W Clark Harlow SVP Oper. Finance/acct | OfficerTrustee | 1 | $0 |
Daniel Milliett Chief Financial Officer | OfficerTrustee | 1 | $0 |
Jay Dodds President And COO | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,959 |
| Investment income | $0 |
| 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 | $43,874 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,183 |
| 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 | $53,661 |
| Pension plan accruals and contributions | $1,474 |
| Other employee benefits | $4,975 |
| Payroll taxes | $4,057 |
| Fees for services: Management | $24,063 |
| 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 | $115 |
| Advertising and promotion | $85 |
| Office expenses | $595 |
| Information technology | $764 |
| Royalties | $0 |
| Occupancy | $52,141 |
| Travel | $18 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,608 |
| Insurance | $258 |
| All other expenses | $0 |
| Total functional expenses | $477,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $713,682 |
| Prepaid expenses and deferred charges | -$37,206 |
| Net Land, buildings, and equipment | $1,264,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $249,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$2,886,268 |
| Total assets | -$588,162 |
| Accounts payable and accrued expenses | $105,084 |
| Grants payable | $0 |
| Deferred revenue | $138,034 |
| 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 | $114,787 |
| Total liabilities | $357,905 |
| Net assets without donor restrictions | -$946,067 |
| 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 | -$588,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Olivet Cemetery Association Fort Worth, TX | $198,668,509 | $14,562,842 |
Llano Cemetery Association Amarillo, TX | $16,655,418 | $4,306,793 |
Glenwood Cemetery Inc Houston, TX | $78,920,060 | $8,030,495 |
Oakwood Cemetery Association Waco, TX | $17,400,419 | $2,668,322 |
Resurrection Memorial Cemetery Inc Oklahoma City, OK | $21,885,678 | $3,461,223 |
Memorial Park Cemetery A Trust Enid, OK | $5,063,640 | $749,441 |
Texas Funeral Directors Assoc Inc Austin, TX | $462,010 | $676,488 |
Rocky Mountain Memorial Parks Houston, TX | $5,225,060 | $530,771 |
Magnolia Cemetery Company Beaumont, TX | $1,589,261 | $618,211 |
Princeton Abbey And Cemetery Inc Houston, TX | -$588,162 | $59,183 |
Isgh Funeral Services Inc Houston, TX | $164,426 | $461,957 |
Angleton Cemetery Association Inc Angleton, TX | $1,047,653 | $687,354 |