Forest Lawn Memorial-Park Association
- Assets
- $1.2b
- Revenue
- $214.3m
- Investments
- $560.4m
- Employees
- 316
- Location
- Glendale, CA
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 95-0743320
Organization Overview
Forest Lawn Memorial-Park Association is located in Glendale, CA. The organization was established in 1980. 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 12/2021, Forest Lawn Memorial-Park Association employed 316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Lawn Memorial-Park Association is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Forest Lawn Memorial-Park Association generated $214.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $128.6m during the year ending 12/2021. While expenses have increased by 8.9% 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
OWNERSHIP, OPERATION, AND MAINTENANCE OF CEMETERIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ENDOWMENT CARE. GENERAL CARE AND MAINTENANCE OF 480 DEVELOPED ACRES OF MEMORIAL PARK SPACE AND CONTIGUOUS AREAS IN 6 MEMORIAL PARKS.
DEVELOPMENT AND SALE OF CEMETERY PROPERTY
BURIAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darin Drabing President & CEO | OfficerTrustee | 40 | $1,951,444 |
Suzanne Davidson VP Legal Affairs | Officer | 40 | $390,010 |
John Orme VP Architecture & Engineering | Officer | 40 | $337,007 |
John Llewellyn Chairman Of The Board Of Direc | Trustee | 40 | $132,888 |
Thomas V Mckernan Director | Trustee | 1 | $125,750 |
Jaynie Studenmund Director | Trustee | 1 | $115,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 12/30/21 | $2,455,079 |
Simich Construction General Contracting | 12/30/21 | $1,643,215 |
Visser Grading Inc Grading Services | 12/30/21 | $1,389,948 |
Envision Landscape Inc Landscaping | 12/30/21 | $4,083,039 |
Big Ben Inc Construction Service | 12/30/21 | $3,047,165 |
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 | $41,850,236 |
| Investment income | $20,502,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $962,606 |
| Net Gain/Loss on Asset Sales | $19,481,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $131,455,254 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,252,271 |
| 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. | $3,752,192 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,784,415 |
| Pension plan accruals and contributions | $1,468,403 |
| Other employee benefits | $4,703,449 |
| Payroll taxes | $2,011,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,296,496 |
| Fees for services: Accounting | $1,801,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,386,771 |
| Fees for services: Other | $4,204,241 |
| Advertising and promotion | $1,232,485 |
| Office expenses | $4,081,206 |
| Information technology | $6,783,619 |
| Royalties | $0 |
| Occupancy | $9,305,387 |
| Travel | $47,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,467 |
| Interest | $496,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,490,451 |
| Insurance | $1,085,868 |
| All other expenses | $9,860,909 |
| Total functional expenses | $128,599,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,920,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,030,470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $219,805,296 |
| Prepaid expenses and deferred charges | $743,803 |
| Net Land, buildings, and equipment | $25,212,566 |
| Investments—publicly traded securities | $253,347,923 |
| Investments—other securities | $560,406,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,095,473 |
| Total assets | $1,182,562,775 |
| Accounts payable and accrued expenses | $20,080,137 |
| 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 | $4,891,668 |
| Total liabilities | $24,971,805 |
| Net assets without donor restrictions | $422,663,017 |
| Net assets with donor restrictions | $734,927,953 |
| 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 | $1,182,562,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forest Lawn Memorial-Park Association has recieved totaling $13,081.
| Awarding Organization | Amount |
|---|---|
Chen Chou Lin And Lee Foundation Temple City, CA | | $13,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forest Lawn Memorial-Park Association Glendale, CA | $1,182,562,775 | $214,252,271 |
Inglewood Park Cemetery Inglewood, CA | $130,344,376 | $67,506,169 |
Cypress Lawn Cemetery Association Colma, CA | $271,815,247 | $52,584,016 |
Archdiocese Of Los Angeles Funeral And Mortuary Services Corporation Los Angeles, CA | $30,136,780 | $29,345,768 |
Rose Hills Foundation Pasadena, CA | $511,695,651 | $15,435,772 |
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 |