Elmwood Cemetery
- Assets
- $12.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Memphis, TN
- Founding
- 01/1943
- Data as of
- 03/2022
- EIN
- 62-0193540
Organization Overview
Elmwood Cemetery is located in Memphis, TN. The organization was established in 1943. 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 03/2022, Elmwood Cemetery employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmwood Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 03/2022, Elmwood Cemetery generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.2m during the year ending 03/2022. While expenses have increased by 3.3% 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 HISTORICAL CEMETERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE CEMETERY FOR THE BENEFIT OF THE OWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Bearden Executive Director | OfficerTrustee | 40 | $88,286 |
Susan Stephenson Treasurer | OfficerTrustee | 1 | $0 |
Terran S Arwood Arboretum Officer | OfficerTrustee | 1 | $0 |
Jeanne Coors Arthur Vice President | OfficerTrustee | 1 | $0 |
Charles Shipp Secretary | OfficerTrustee | 1 | $0 |
Launa Brubaker President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,220 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,232 |
| Total Program Service Revenue | $938,591 |
| Investment income | $158,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $501,050 |
| Net Income from Fundraising Events | $35,548 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,802,174 |
| 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. | $99,838 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,315 |
| Pension plan accruals and contributions | $8,305 |
| Other employee benefits | $36,416 |
| Payroll taxes | $35,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,987 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,283 |
| Office expenses | $60,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,501 |
| 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 | $80,617 |
| Insurance | $24,131 |
| All other expenses | $43,411 |
| Total functional expenses | $1,232,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,604 |
| Savings and temporary cash investments | $344,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $228,791 |
| Prepaid expenses and deferred charges | $5,350 |
| Net Land, buildings, and equipment | $796,789 |
| Investments—publicly traded securities | $10,033,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $493,095 |
| Total assets | $12,394,095 |
| Accounts payable and accrued expenses | $149,381 |
| 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 | $4,498 |
| Total liabilities | $153,879 |
| Net assets without donor restrictions | $5,908,697 |
| Net assets with donor restrictions | $6,331,519 |
| 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 | $12,394,095 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Elmwood Cemetery has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
Crawford Howard Private Foundation Palm Beach, FL PURPOSE: CHARITABLE EXEMPT PURPOSE | $17,000 |
Thomas M Garrott Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $1,000 |
Endowment Analysis
| Beg. Balance | $3,660,069 |
| Earnings | $5,824 |
| Ending Balance | $3,665,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cave Hill Cemetery Company Louisville, KY | $67,001,142 | $12,381,029 |
Bellefontaine Cemetery Association St Louis, MO | $166,331,381 | $12,820,734 |
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 |
The Westview Cemetery Inc Atlanta, GA | $12,289,399 | $4,446,360 |
Elmwood Cemetery Memphis, TN | $12,394,095 | $1,802,174 |
Highland Cemetery Inc Ft Mitchell, KY | $23,478,166 | $5,931,885 |
Spring Hill Cemetery Association Lynchburg, VA | $15,390,416 | $4,913,871 |
Forest Hills Cemetery Assn Chattanooga, TN | $10,196,719 | $1,009,652 |
The Raleigh Cemetery Association Raleigh, NC | $12,061,266 | $1,437,460 |