Fairmount Memorial Association
- Assets
- $33.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 62
- Location
- Spokane, WA
- Founding
- Data as of
- 12/2021
- EIN
- 91-0693690
Organization Overview
Fairmount Memorial Association is located in Spokane, WA. As of 12/2021, Fairmount Memorial Association employed 62 individuals. Fairmount Memorial Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Fairmount Memorial Association generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CEMETERY AND INTERNMENT FACILITIES AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEMETERY OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Olson Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Richards Vice-Chairman | OfficerTrustee | 1 | $0 |
Kathy Anson Chairman | OfficerTrustee | 1 | $0 |
David Ittner Ceo/president | OfficerTrustee | 20 | $0 |
Jorge Vara Director Of Sales | Officer | 35 | $0 |
Jason Black Chief Financial Officer | Officer | 20 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,608,741 |
| Investment income | $239,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,430 |
| Net Gain/Loss on Asset Sales | $168,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,977,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,041,278 |
| 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. | $539,678 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,600,914 |
| Pension plan accruals and contributions | $197,271 |
| Other employee benefits | $415,818 |
| Payroll taxes | $227,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,206 |
| Fees for services: Accounting | $12,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $71,481 |
| Office expenses | $91,635 |
| Information technology | $121,564 |
| Royalties | $0 |
| Occupancy | $239,739 |
| Travel | $71,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $296,238 |
| Insurance | $85,670 |
| All other expenses | $64,566 |
| Total functional expenses | $5,724,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,358,445 |
| Savings and temporary cash investments | $163,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,874,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,691,052 |
| Prepaid expenses and deferred charges | $86,564 |
| Net Land, buildings, and equipment | $4,584,361 |
| Investments—publicly traded securities | $18,173,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,179,970 |
| Total assets | $33,112,823 |
| Accounts payable and accrued expenses | $1,602,059 |
| Grants payable | $0 |
| Deferred revenue | $13,511,541 |
| 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 | $1,026,618 |
| Total liabilities | $16,140,218 |
| Net assets without donor restrictions | $16,972,605 |
| 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 | $33,112,823 |
Endowment Analysis
| Beg. Balance | $36,715,030 |
| Earnings | $6,605,467 |
| Admin Expense | $199,811 |
| Net Contributions | $319,949 |
| Other Expense | $1,286,256 |
| Ending Balance | $42,154,379 |
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|---|---|---|
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Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Berkeley Food And Housing Project Berkeley, CA | $7,900,684 | $21,326,193 |
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