Friends Of Magnolia Cemetery Inc
- Assets
- $438.6k
- Revenue
- $546.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Mobile, AL
- Founding
- 08/1986
- Data as of
- 10/2021
- EIN
- 63-0931095
Organization Overview
Friends Of Magnolia Cemetery Inc is located in Mobile, AL. The organization was established in 1986. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 10/2021, Friends Of Magnolia Cemetery Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Magnolia Cemetery Inc is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 10/2021, Friends Of Magnolia Cemetery Inc generated $546.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $569.0k during the year ending 10/2021. While expenses have increased by 4.3% per year over the past 6 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
CEMETERY MAINTENANCE,RESTORATION, AND IMPROVEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND PROVIDED SERVICES FOR MAGNOLIA CEMETERY IN MOBILE, ALABAMACOSTING $493,488.MADE IMPROVEMENTS TO CEMETERY BY CONTINUING THE FENCE CONSTRUCTION PROGRAM TO REDUCE VANDALISM AND IMPROVE VISUAL APPEAL AT A FINANCIAL COST OF $4,184.CONTINUED RESTORATIVE WORK ON MONUMENTS AT A COST OF $66,038.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Halseth Field Supervisor | Officer | 40 | $103,861 |
Janet Savage Executive Director | Officer | 40 | $65,852 |
Joseph Ringhofer Treasurer | OfficerTrustee | 2 | $0 |
Cart Blackwell President | OfficerTrustee | 4 | $0 |
Selwyn Turner Vice President | OfficerTrustee | 2 | $0 |
Amelia M Bell Corresponding Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,024 |
| Membership dues | $13,820 |
| Fundraising events | $0 |
| Related organizations | $230,000 |
| 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 | $262,844 |
| Total Program Service Revenue | $282,862 |
| Investment income | $394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,489 |
| 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. | $65,852 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,646 |
| 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 | $22,289 |
| Insurance | $18,024 |
| All other expenses | $10,823 |
| Total functional expenses | $569,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,652 |
| Savings and temporary cash investments | $50,995 |
| 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 | $3,742 |
| Net Land, buildings, and equipment | $60,974 |
| Investments—publicly traded securities | $1,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $438,612 |
| Accounts payable and accrued expenses | $5,879 |
| 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 | $5,879 |
| Net assets without donor restrictions | $376,895 |
| Net assets with donor restrictions | $55,838 |
| 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 | $438,612 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Magnolia Cemetery Inc has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Tuthill Square Foundation Mobile, AL PURPOSE: CHARITABLE | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Magnolia Cemetery Inc Mobile, AL | $438,612 | $546,489 |
Broward County Firefighters Benevolent Fund Inc Pompano Beach, FL | $20,195 | $0 |
Marc And Aileen Grebow Family Foundation Inc Ocean Ridge, FL | $684,048 | $13,718 |
Fort Payne-Main Street Fort Payne, AL | $64,045 | $0 |
Florida Defense Contractors Association Inc Tallahassee, FL | $11,666 | $0 |
Barn At Buladean Johnson City, TN | $68,976 | $0 |
Pompano Beach Firefighters Benevolent Association Inc Pompano Beach, FL | $61,870 | $0 |
Varnville Cemetery Endowment Fund Inc Dunnellon, FL | $507,374 | $10,406 |
Holly Hill Cemetary Trust Fbo Holly Hill Cemetary Assoc St Petersburg, FL | $525,695 | $13,213 |
Davidson Cemetery Endowment Fund Birmingham, AL | $188,268 | $0 |
Providence Methodist Cemetary Endowment Fund Maben, MS | $77,738 | $0 |
Emory & Zula Nonnast Tr Uw Fbo Most Worshipful Grand Lodge & Flor Orlando, FL | $71,672 | $9,422 |