Forest Hills Cemetery Assn
- Assets
- $8.7m
- Revenue
- $947.0k
- Investments
- $922.8k
- Employees
- 25
- Location
- Chattanooga, TN
- Founding
- 09/1952
- Data as of
- 12/2023
- EIN
- 62-0203780
Organization Overview
Forest Hills Cemetery Assn is located in Chattanooga, TN. The organization was established in 1952. 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, Forest Hills Cemetery Assn employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Hills Cemetery Assn is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2023, Forest Hills Cemetery Assn generated $947.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 5 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
PROVIDING BURIAL SPACE AND INTERMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING BURIAL SPACES AND INTERMENTS WITH A MISSION OF PRESERVING THE HISTORY AND HERITAGE OF THE CEMETERY AND DELIVERING DIGNIFIED SERVICES WITH INTEGRITY AND CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Montague Chairman | OfficerTrustee | 1 | $0 |
William Brown Vice Chairman | OfficerTrustee | 1 | $0 |
Fred Speakman Secretary/treasurer | OfficerTrustee | 1 | $0 |
Franklin Davis Trustee | Trustee | 0.5 | $0 |
Frank Mcdonald Trustee | Trustee | 0.5 | $0 |
Catherine Crabtree Trustee | Trustee | 0.5 | $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 | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $586,010 |
| Investment income | $144,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $946,988 |
| 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. | $75,164 |
| Compensation of current officers, directors, key employees. | $3,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $667,480 |
| Pension plan accruals and contributions | $10,803 |
| Other employee benefits | $8,534 |
| Payroll taxes | $56,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,748 |
| Advertising and promotion | $0 |
| Office expenses | $9,511 |
| Information technology | $1,919 |
| Royalties | $0 |
| Occupancy | $317,306 |
| 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 | $81,623 |
| Insurance | $27,223 |
| All other expenses | $4,428 |
| Total functional expenses | $1,322,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,213 |
| Savings and temporary cash investments | $146,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $203,268 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $891,185 |
| Investments—publicly traded securities | $6,449,542 |
| Investments—other securities | $922,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,693,076 |
| Accounts payable and accrued expenses | $42,465 |
| 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 | $42,465 |
| Net assets without donor restrictions | $8,650,611 |
| 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 | $8,693,076 |