Italian Cemetery Inc
- Assets
- $6.1m
- Revenue
- $1.3m
- Investments
- $2.3m
- Employees
- 10
- Location
- Colma, CA
- Founding
- 05/1978
- Data as of
- 10/2023
- EIN
- 94-2478842
Organization Overview
Italian Cemetery Inc is located in Colma, CA. The organization was established in 1978. 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 10/2023, Italian Cemetery Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Italian 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, Italian Cemetery Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.3m during the year ending 10/2023. While expenses have increased by 3.6% 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
ITALIAN CEMETERY, INC. OPERATES A CEMETERY WHICH SELLS GRAVE AND MAUSOLEUM SPACE ON A PRE-NEED AND AT-NEED BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITALIAN CEMETERY, INC. OPERATES A CEMETERY WHICH SELLS GRAVE AND MAUSOLEUM SPACE ON A PRE-NEED AND AT-NEED BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Balestrieri President | OfficerTrustee | 3.5 | $6,000 |
Michael V Castagnola Vice President | OfficerTrustee | 1.5 | $2,700 |
Joseph Silvestri Secretary | OfficerTrustee | 1.5 | $3,600 |
Kenneth E Russi Treasurer | OfficerTrustee | 2 | $4,200 |
John Ghio Director | Trustee | 1.5 | $2,700 |
Jacqueline Z Ghio Director | Trustee | 1.5 | $2,700 |
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 | $0 |
| Investment income | $76,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,052 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,256,194 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,335,727 |
| 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. | $168,633 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $557,189 |
| Pension plan accruals and contributions | $131,893 |
| Other employee benefits | $157,165 |
| Payroll taxes | $54,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $38,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,372 |
| Advertising and promotion | $12,255 |
| Office expenses | $63,293 |
| Information technology | $985 |
| Royalties | $0 |
| Occupancy | $71,597 |
| Travel | $3,069 |
| 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 | $75,395 |
| Insurance | $59,100 |
| All other expenses | -$161,274 |
| Total functional expenses | $1,336,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386 |
| Savings and temporary cash investments | $472,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,785 |
| 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 | $101,660 |
| Net Land, buildings, and equipment | $863,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,349,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,086,495 |
| Total assets | $6,067,424 |
| Accounts payable and accrued expenses | $81,725 |
| Grants payable | $0 |
| Deferred revenue | $461 |
| 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 | $82,186 |
| Net assets without donor restrictions | $5,985,238 |
| 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 | $6,067,424 |