Italian Cemetery Inc
- Assets
- $5.8m
- Revenue
- $1.3m
- Investments
- $1.5m
- Employees
- 10
- Location
- Colma, CA
- Founding
- 05/1978
- Data as of
- 10/2020
- 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 10/2020, 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 10/2020, Italian Cemetery Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.2m during the year ending 10/2020. While expenses have increased by 2.4% 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
2020
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 Leveroni Director | Trustee | 1.5 | $6,000 |
Kenneth E Russi Treasurer | Officer | 2 | $4,200 |
Joseph Silvestri Secretary | Officer | 1.5 | $3,600 |
Michael V Castagnola Vice President | Officer | 1.5 | $3,600 |
Lindo P DE Martini Director | Trustee | 1.5 | $3,200 |
Brian Russi Director | Trustee | 1.5 | $2,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $53,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,130,120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,301,140 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $609,845 |
| Pension plan accruals and contributions | $110,940 |
| Other employee benefits | $152,602 |
| Payroll taxes | $43,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,420 |
| Fees for services: Accounting | $98,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,695 |
| Advertising and promotion | $18,265 |
| Office expenses | $33,190 |
| Information technology | $1,526 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,535 |
| 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 | $81,270 |
| Insurance | $52,691 |
| All other expenses | $0 |
| Total functional expenses | $1,160,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144 |
| Savings and temporary cash investments | $796,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,473 |
| 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 | $10,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,546,566 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,530,885 |
| Total assets | $5,814,107 |
| Accounts payable and accrued expenses | $287,006 |
| 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 | $287,006 |
| 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 |
| Total liabilities and net assets/fund balances | $5,527,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Italian Cemetery Inc has recieved totaling $37,482.
| Awarding Organization | Amount |
|---|---|
Chevra Kadisha-Sinai Memorial Chapel San Francisco, CA PURPOSE: building wall | $37,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain View Cemetery Association Oakland, CA | $150,729,541 | $26,488,070 |
Oakwood Cemetery Assoc Of Los Angeles Chatsworth, CA | $32,333,790 | $4,712,167 |
Ivy Lawn Memorial Park & Funeral Home Ventura, CA | $29,284,891 | $5,901,568 |
Lone Tree Cemetery Association Hayward, CA | $25,265,393 | $4,472,728 |
Ontario Cementery Association Ontario, CA | $21,743,394 | $5,156,928 |
River View Cemetery Association Of Portland Portland, OR | $46,544,282 | $5,064,773 |
Oahu Cemetery Association Honolulu, HI | $5,077,744 | $2,543,708 |
Turlock Cemetery Association Turlock, CA | $28,654,901 | $5,486,142 |
Pasadena Cemetery Association Altadena, CA | $12,084,612 | $2,697,074 |
Independent Order Of Odd Fellows Santa Rosa, CA | $10,825,941 | $1,899,138 |
Santa Barbara Cemetery Association Santa Barbara, CA | $29,316,742 | $6,211,744 |
Tulocay Cemetery Association Napa, CA | $16,618,897 | $2,001,299 |