Spring Hill Cemetery Association
- Assets
- $15.4m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Lynchburg, VA
- Founding
- 10/1942
- Data as of
- 06/2022
- EIN
- 54-0390070
Organization Overview
Spring Hill Cemetery Association is located in Lynchburg, 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 06/2022, Spring Hill Cemetery Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Hill Cemetery Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 06/2022, Spring Hill Cemetery Association generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $777.6k during the year ending 06/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF A CEMETERY OPERATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eames A Powers Jr Sec-Treasurer | OfficerTrustee | 40 | $134,889 |
C Lynch Christian III Vice President | OfficerTrustee | 0.3 | $0 |
T Ashby Watts III President | OfficerTrustee | 0.3 | $0 |
Christian S Hutter Director | Trustee | 0.3 | $0 |
Cabell Crowther Director | Trustee | 0.3 | $0 |
Samuel Preston Craighill III Director | Trustee | 0.3 | $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 | $276,810 |
| Investment income | $257,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,683 |
| Net Gain/Loss on Asset Sales | $4,303,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,913,871 |
| 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. | $134,889 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,361 |
| Pension plan accruals and contributions | $10,689 |
| Other employee benefits | $0 |
| Payroll taxes | $34,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,539 |
| Office expenses | $18,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,526 |
| 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 | $0 |
| Insurance | $121,616 |
| All other expenses | $31,872 |
| Total functional expenses | $777,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,528 |
| Savings and temporary cash investments | $1,326,987 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,838,901 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,390,416 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $15,377,896 |
| Net assets with donor restrictions | $12,520 |
| 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 | $15,390,416 |
Endowment Analysis
| Beg. Balance | $17,903,678 |
| Earnings | -$2,307,023 |
| Net Contributions | $37,487 |
| Other Expense | $468,253 |
| Ending Balance | $15,165,889 |
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 |