Lexington Cemetery Company
- Assets
- $141.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Lexington, KY
- Founding
- 09/1950
- Data as of
- 12/2023
- EIN
- 61-0258835
Organization Overview
Lexington Cemetery Company is located in Lexington, KY. The organization was established in 1950. 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 12/2023, Lexington Cemetery Company employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Cemetery Company is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Lexington Cemetery Company generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR, CELEBRATE, AND MAINTAIN IN PERPETUITY THE BEAUTY AND DIGNITY OF OUR CEMETERY FOR PAST, PRESENT, AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF LOTS, NICHES, CRYPTS, AND SCATTERING
INTERNMENTS
CREMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Ades Director | Trustee | 0.5 | $0 |
Douglas Alexander Director | Trustee | 0.5 | $0 |
Douglas Owens Director | Trustee | 0.5 | $0 |
Anthany Beatty Sr Secretary | OfficerTrustee | 0.5 | $0 |
Robert A Brewer Vice Chairman | OfficerTrustee | 0.5 | $0 |
Kimberly Decamp Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlanta Consulting Group Investment Management | 12/30/23 | $297,367 |
Eagle Capital Management Investment Management | 12/30/23 | $223,946 |
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 | $25,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,216 |
| Total Program Service Revenue | $2,656,018 |
| Investment income | $1,985,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $413,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,128,982 |
| 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. | $331,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,248,415 |
| Pension plan accruals and contributions | $149,700 |
| Other employee benefits | $336,792 |
| Payroll taxes | $121,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,013 |
| Fees for services: Accounting | $18,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $543,288 |
| Fees for services: Other | $245,313 |
| Advertising and promotion | $49,867 |
| Office expenses | $60,565 |
| Information technology | $59,468 |
| Royalties | $0 |
| Occupancy | $366,318 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,553 |
| Interest | $67,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,824 |
| Insurance | $82,976 |
| All other expenses | $4,405 |
| Total functional expenses | $4,293,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $573,314 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,597 |
| Prepaid expenses and deferred charges | $24,263 |
| Net Land, buildings, and equipment | $5,912,118 |
| Investments—publicly traded securities | $134,917,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,975 |
| Total assets | $141,631,041 |
| Accounts payable and accrued expenses | $190,799 |
| 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 | $190,799 |
| Net assets without donor restrictions | $132,718,580 |
| Net assets with donor restrictions | $8,721,662 |
| 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 | $141,631,041 |