Friends Of Magnolia Cemetery Inc
- Assets
- $380.1k
- Revenue
- $542.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Mobile, AL
- Founding
- 08/1986
- Data as of
- 10/2023
- 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 10/2023, Friends Of Magnolia Cemetery Inc employed 25 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 10/2023, Friends Of Magnolia Cemetery Inc generated $542.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $607.1k during the year ending 10/2023. While expenses have increased by 4.1% 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
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 $596,490.MADE IMPROVEMENTS TO CEMETERY BY CONTINUING THE FENCE CONSTRUCTION PROGRAM TO REDUCE VANDALISM AND IMPROVE VISUAL APPEAL AT A FINANCIAL COST OF $1,902.CONTINUED RESTORATIVE WORK ON MONUMENTS AT A COST OF $1,970.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Halseth Cemetary Manager | Officer | 40 | $104,712 |
Janet Savage Executive Director | Officer | 40 | $66,702 |
Sallye Irvine Board Member | Trustee | 1 | $0 |
John S Rutherford Jr Board Member | Trustee | 1 | $0 |
Margaret M Fowler Board Member | Trustee | 1 | $0 |
Campbell Rayford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $45,449 |
| Membership dues | $12,700 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| 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 | $258,149 |
| Total Program Service Revenue | $276,533 |
| Investment income | $361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,194 |
| 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. | $171,414 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,530 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $28,688 |
| Insurance | $24,003 |
| All other expenses | $26,150 |
| Total functional expenses | $607,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,409 |
| Savings and temporary cash investments | $50,324 |
| 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 | $7,358 |
| Net Land, buildings, and equipment | $99,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $560 |
| Total assets | $380,093 |
| Accounts payable and accrued expenses | $5,345 |
| 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 | $5,345 |
| Net assets without donor restrictions | $298,726 |
| Net assets with donor restrictions | $76,022 |
| 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 | $380,093 |