Ivy Lawn Memorial Park & Funeral Home
- Assets
- $28.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Ventura, CA
- Founding
- 01/1935
- Data as of
- 12/2022
- EIN
- 95-0869775
Organization Overview
Ivy Lawn Memorial Park & Funeral Home is located in Ventura, CA. The organization was established in 1935. 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 12/2022, Ivy Lawn Memorial Park & Funeral Home employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Lawn Memorial Park & Funeral Home is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2022, Ivy Lawn Memorial Park & Funeral Home generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY CEMETERY PROVIDING BURIAL PLOTS, NICHES, CRYPTS AND CREMATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CEMETERY PROVIDING BURIAL PLOTS, NICHES, CRYPTS AND CREMATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne M Clark President | Officer | 45 | $189,672 |
Bradley G Wetherell Past Chairman | OfficerTrustee | 20 | $62,100 |
Fredrick J Ferro Chairman | OfficerTrustee | 10 | $36,000 |
Wayne Brueckner Director | Trustee | 2 | $12,000 |
Timothy J Gallagher Director | Trustee | 2 | $12,000 |
Joy Todd Secretary | Trustee | 2 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Natural Green Landscape Inc Lawn Care | 12/30/22 | $207,979 |
Williamson Construction Inc Construction/maintenance | 12/30/22 | $638,130 |
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 | $359,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $285,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,651,766 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,562,979 |
| 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. | $323,772 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $887,024 |
| Other salaries and wages | $1,500 |
| Pension plan accruals and contributions | $120,572 |
| Other employee benefits | $135,074 |
| Payroll taxes | $95,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,437 |
| Fees for services: Accounting | $36,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,369 |
| Information technology | $36,997 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,673 |
| Insurance | $128,238 |
| All other expenses | $423,809 |
| Total functional expenses | $3,536,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,134 |
| Savings and temporary cash investments | $365,325 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,437,325 |
| Prepaid expenses and deferred charges | $157,172 |
| Net Land, buildings, and equipment | $11,125,809 |
| Investments—publicly traded securities | $13,355,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,557,656 |
| Accounts payable and accrued expenses | $145,576 |
| Grants payable | $0 |
| Deferred revenue | $399,391 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $794,967 |
| Net assets without donor restrictions | $20,525,979 |
| Net assets with donor restrictions | $7,236,710 |
| 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 | $28,557,656 |