Hollywood Cemetery Company
- Assets
- $75.4m
- Revenue
- $7.2m
- Investments
- $34.9m
- Employees
- 17
- Location
- Richmond, VA
- Founding
- 07/1942
- Data as of
- 12/2021
- EIN
- 54-0249940
Organization Overview
Hollywood Cemetery Company is located in Richmond, VA. The organization was established in 1942. 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 12/2021, Hollywood Cemetery Company employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollywood Cemetery Company is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Hollywood Cemetery Company generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 4.8% 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
THE COMPANY'S MISSION IS TO OPERATE AND MAINTAIN A HISTORICALLY SIGNIFICANT CEMETERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF HOLLYWOOD CEMETERY COMPANY IS TO OPERATE AND MAINTAIN THIS HISTORICALLY SIGNIFICANT CEMETERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Gilliam Secretary/gm | Officer | 40 | $223,212 |
Woodrow C Harper Treasurer/am | Officer | 40 | $155,169 |
William R Claiborne Vice Preside | OfficerTrustee | 1 | $2,000 |
Elizabeth Cabell Jennings Director | Trustee | 1 | $1,600 |
E Massie Valentine Jr Director | Trustee | 1 | $1,600 |
Nelson D Lankford Director | Trustee | 1 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $709,032 |
| 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 | $709,032 |
| Total Program Service Revenue | $540,300 |
| Investment income | $111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,389,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,154,053 |
| 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. | $387,981 |
| Compensation of current officers, directors, key employees. | $96,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $629,873 |
| Pension plan accruals and contributions | $60,563 |
| Other employee benefits | $242,126 |
| Payroll taxes | $72,638 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $71,556 |
| Office expenses | $74,682 |
| 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 | $1,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,358 |
| Insurance | $44,496 |
| All other expenses | $205,663 |
| Total functional expenses | $3,904,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,577,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,572,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,608,966 |
| Prepaid expenses and deferred charges | $65,660 |
| Net Land, buildings, and equipment | $2,863,084 |
| Investments—publicly traded securities | $32,771,472 |
| Investments—other securities | $34,914,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,373,663 |
| Accounts payable and accrued expenses | $178,101 |
| 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 | $937,626 |
| Total liabilities | $1,115,727 |
| Net assets without donor restrictions | $74,257,936 |
| 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 | $75,373,663 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hollywood Cemetery Company has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Anne W Taylor Residuary Tr Richmond, VA PURPOSE: ENDOWMENT | $10,000 |
Mraz Charitable Tr Richmond, VA PURPOSE: CEMETERY ENDOWMENT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cave Hill Cemetery Company Louisville, KY | $67,001,142 | $12,381,029 |
Heritage Family Cemetery Inc Johnson City, TN | $5,676,861 | $3,825,994 |
Lexington Cemetery Company Lexington, KY | $150,406,302 | $9,017,874 |
Hollywood Cemetery Company Richmond, VA | $75,373,663 | $7,154,053 |
National Association Of Cemeteries Sterling, VA | $15,757,973 | $3,923,939 |
Garden Of Remembrance Memorial Pk Inc Clarksburg, MD | $12,706,160 | $2,031,040 |
Oak Lawn Cemetery Of Baltimore County Baltimore, MD | $89,252,167 | $4,864,633 |
Green Mount Cemetery Corporation Baltimore, MD | $149,337,186 | $12,211,868 |
Association For The Preservation Of Historic Congressional Cemetery Washington, DC | $784,897 | $1,641,202 |
Oak Hill Cemetery Company Washington, DC | $16,504,091 | $4,253,044 |
Mount Olivet Cemetery Frederick, MD | $4,179,244 | $1,434,482 |
Elmwood Cemetery Memphis, TN | $12,394,095 | $1,802,174 |