Frostburg Memorial Park Association Incorporated
- Assets
- $1.5m
- Revenue
- $179.2k
- Investments
- $985.0k
- Employees
- 6
- Location
- Frostburg, MD
- Founding
- 04/1968
- Data as of
- 12/2021
- EIN
- 52-0579326
Organization Overview
Frostburg Memorial Park Association Incorporated is located in Frostburg, MD. The organization was established in 1968. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Frostburg Memorial Park Association Incorporated employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frostburg Memorial Park Association Incorporated is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Frostburg Memorial Park Association Incorporated generated $179.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $140.8k during the year ending 12/2021. While expenses have increased by 2.4% 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
SELL LOTS IN CEMETARY AND PROVIDE PERPETUAL CARE FOR CEMETARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF LOTS, GRAVE OPENINGS AND GENERAL MAINTENACE OF CEMETARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxie Noone Exec Director | OfficerTrustee | 20 | $7,980 |
Bernardgarlitz Chairman | OfficerTrustee | 6 | $700 |
James Stemple Sectretary | OfficerTrustee | 4 | $100 |
Michael Shocke Director | Trustee | 1 | $100 |
Douglas Cook Director | Trustee | 1 | $100 |
Lloyd Neilson Director | Trustee | 1 | $100 |
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 | $99,300 |
| Investment income | $53,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,293 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,237 |
| 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. | $7,980 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $311 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $735 |
| Insurance | $6,033 |
| All other expenses | $31,819 |
| Total functional expenses | $140,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,893 |
| Savings and temporary cash investments | $137,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,321 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $99,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $984,972 |
| Investments—program-related | $286,111 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,527,710 |
| Accounts payable and accrued expenses | $1,989 |
| 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 | $1,989 |
| Net assets without donor restrictions | $1,525,721 |
| 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 | $1,527,710 |
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