Terrace Heights Memorial Park Association
- Assets
- $18.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Yakima, WA
- Founding
- 04/1931
- Data as of
- 12/2022
- EIN
- 91-0437850
Organization Overview
Terrace Heights Memorial Park Association is located in Yakima, WA. The organization was established in 1931. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Terrace Heights Memorial Park Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrace Heights Memorial Park Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Terrace Heights Memorial Park Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $821.1k during the year ending 12/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A CEMETERY FOR THE BURIAL OF THE DEAD, WITHOUT REGARD TO RACE, COLOR, BELIEFS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A CEMETERY FOR THE BURIAL OF THE DEAD, WITHOUT REGARD TO RACE, COLOR, BELIEFS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Graf Secretary/tr | OfficerTrustee | $4,800 | |
Kevin Roy Vice Preside | OfficerTrustee | $4,800 | |
William Huibregtse President | OfficerTrustee | $4,800 | |
Charles Ross Trustee | Trustee | $4,800 | |
Murray Judge Secretary Tr | OfficerTrustee | $2,000 | |
Kelly Gasseling Trustee | Trustee | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,125 |
| 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 | $7,125 |
| Total Program Service Revenue | $548,032 |
| Investment income | $215,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,087 |
| 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 | $420,493 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,470 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,020 |
| Payroll taxes | $57,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,600 |
| Office expenses | $7,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,299 |
| 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 | $79,855 |
| Insurance | $25,409 |
| All other expenses | $15,107 |
| Total functional expenses | $821,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,390 |
| Savings and temporary cash investments | $4,378,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $515,626 |
| Prepaid expenses and deferred charges | $26,219 |
| Net Land, buildings, and equipment | $1,564,272 |
| Investments—publicly traded securities | $7,736,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,864,925 |
| Total assets | $18,552,722 |
| Accounts payable and accrued expenses | $15,475 |
| Grants payable | $0 |
| Deferred revenue | $3,864,925 |
| 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 | $121,198 |
| Total liabilities | $4,001,598 |
| Net assets without donor restrictions | $0 |
| 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 | $14,551,124 |
| Total liabilities and net assets/fund balances | $18,552,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Historical Society Portland, OR | $38,558,644 | $10,926,580 |
Vancouver National Historic Reserve Trust Vancouver, WA | $17,541,647 | $5,593,257 |
Town Hall Association Seattle, WA | $37,283,818 | $2,376,383 |
Bainbridge Island Parks Foundation Bainbridge Island, WA | $1,105,901 | $2,122,063 |
Americas Automotive Trust Tacoma, WA | $1,289,541 | $2,292,379 |
St Paul Rodeo Association St Paul, OR | $6,514,474 | $3,236,482 |
Port Gamble Sklallam Foundation Kingston, WA | $1,102,346 | $1,377,706 |
Oregon Coast Scenic Railroad Tillamook, OR | $1,129,218 | $971,689 |
Washington Trust For Historic Preservation Seattle, WA | $3,069,845 | $1,738,870 |
Benton County Historical Society Philomath, OR | $16,341,188 | $890,855 |
Russian Orthodox Sacred Sites In Alaska Inc Anchorage, AK | $187,862 | $549,522 |
Behind The Badge Foundation Redmond, WA | $3,969,030 | $799,821 |