Green Family Memorial Gardens

The information for Green Family Memorial Gardens is as of the organization's most recent filing in December '21. This organization is located in Greensboro, NC. It has been in existence for 7 years, following its founding in 2014.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Green Family Memorial Gardens is a mutual and membership benefit organization classified under the NTEE code Y50. The "Y" indicates its classification as a cemetery, specifically an organization that maintains cemeteries or provides burial and funeral services for charitable purposes. This organization falls under the major classification of Mutual & Membership Benefit. As a 501(c)(13) organization, it is exempt from federal taxes and is described by the IRS as a Cemetery Company. The mission of the Green Family Memorial Gardens is to own, preserve, maintain, and safeguard a cemetery and mausoleum exclusively for the benefit of Harry and Iola Green and their lineal descendants who hold burial rights in the Green Family Memorial Gardens, in perpetuity.

Program Areas

The program area description for the Green Family Memorial Gardens is to own, preserve, maintain, and safeguard a cemetery and mausoleum exclusively for the benefit of Harry and Iola Green and their lineal descendants who hold burial rights in the gardens, in perpetuity.

Board Governance

Green Family Memorial Gardens, as a non-profit organization, has a relatively small number of voting members, with only 3 individuals involved in decision-making processes. However, it is concerning that there are no independent members within the organization. This lack of independence may lead to potential conflicts of interest, which the organization acknowledges as existing. One positive aspect of the organization's governance is that board meetings are documented. This ensures transparency and accountability in the decision-making process. However, it is disappointing to note that committee meetings are not documented, which may hinder effective communication and collaboration within the organization. Another area of concern is the absence of a conflict of interest policy. This policy is crucial for mitigating conflicts that may arise due to personal or financial interests. Similarly, the organization lacks a written whistleblower policy, which could hinder the reporting of any misconduct or unethical behavior. Furthermore, Green Family Memorial Gardens does not have a document retention policy, which could potentially lead to the loss or mishandling of important organizational records. Additionally, the organization does not substantiate or review leadership and officer's salaries, which may raise questions about the fairness and appropriateness of compensation within the organization. On a positive note, the organization provides copies of the 990 to the board prior to filing. This ensures that the board members have access to the financial information necessary for effective oversight. Overall, while Green Family Memorial Gardens demonstrates some level of governance, there are several areas that require improvement. The organization should consider introducing independent members, implementing a conflict of interest policy, whistleblower policy, and document retention policy. Additionally, substantiating and reviewing salaries would enhance transparency and accountability within the organization.

Organization Growth

Green Family Memorial Gardens has shown growth over the given time period. The nonprofit organization's investment income remained at $0 in 2015 but increased to $4.2K in 2021. Although this line item may not be significant, it still indicates growth. Additionally, the other revenue of the organization increased from $187.7K in 2015 to $211.2K in 2021, demonstrating growth in this aspect as well. The total revenue also experienced growth, rising from $187.7K in 2015 to $215.4K in 2021. However, it is important to note that the total expenses of Green Family Memorial Gardens also increased from $24.6K in 2015 to $72.9K in 2021. Despite this increase in expenses, the overall growth in revenue suggests that the organization has grown over the given time period.