Roosevelt Memorial Park Asso
- Assets
- $6.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Gardena, CA
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 95-1161720
Organization Overview
Roosevelt Memorial Park Asso is located in Gardena, CA. The organization was established in 1941. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Roosevelt Memorial Park Asso employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt Memorial Park Asso is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Roosevelt Memorial Park Asso generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 36.8% 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
GENERATE AND MAINTAIN FUNDS TO CARE, MAINTAIN AND PRESERVE THE CEMETERY PROPERTY AND PROVIDE QUALITY DEATH CARE PRODUCTS AND SERVICES TO THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY DEATH CARE PRODUCTS AND SERVICES TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Letteau Vice President | OfficerTrustee | 1 | $8,000 |
Alexander Smith Chairman | OfficerTrustee | 5 | $8,000 |
H Jeff Grant President | OfficerTrustee | 7 | $8,000 |
Dario Higuchi Director | Trustee | 1 | $8,000 |
Michael Howland Director | Trustee | 2 | $8,000 |
Kennedy Oregan Director | Trustee | 1 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,000 |
| 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 | $60,000 |
| Total Program Service Revenue | $3,892,256 |
| Investment income | $162,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,758,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,961,574 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,924 |
| Payroll taxes | $34,661 |
| Fees for services: Management | $444,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,855,157 |
| Advertising and promotion | $6,587 |
| Office expenses | $161,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $483,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $276,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,353 |
| Insurance | $1,197 |
| All other expenses | $3,077 |
| Total functional expenses | $3,927,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | -$1,156 |
| Accounts receivable, net | $3,937,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,869 |
| Inventories for sale or use | $822,503 |
| Prepaid expenses and deferred charges | $20,086 |
| Net Land, buildings, and equipment | $227,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $170,000 |
| Intangible assets | $0 |
| Other assets | $253,026 |
| Total assets | $6,728,586 |
| Accounts payable and accrued expenses | $111,015 |
| Grants payable | $0 |
| Deferred revenue | $54,000 |
| 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 | $2,869,105 |
| Other liabilities | $1,759,697 |
| Total liabilities | $4,793,817 |
| Net assets without donor restrictions | $1,934,769 |
| 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 | $6,728,586 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Parks Alliance San Francisco, CA | $18,998,455 | $13,460,764 |
Yosemite Foundation San Francisco, CA | $37,489,073 | $19,130,679 |
California State Parks Foundation San Francisco, CA | $15,437,554 | $10,182,673 |
Western National Parks Association Tucson, AZ | $16,969,884 | $10,617,011 |
City Fields Foundation San Francisco, CA | $32,251 | $525,011 |
Cherokee Memorial Park Lodi, CA | $30,465,199 | $7,494,218 |
Save Mount Diablo Walnut Creek, CA | $23,107,721 | $3,476,517 |
Crystal Cove Conservancy Newport Coast, CA | $7,212,040 | $4,737,613 |
Roosevelt Memorial Park Asso Gardena, CA | $6,728,586 | $5,961,574 |
Oaks Park Association Portland, OR | $15,243,848 | $2,154,099 |
Oakland Childrens Fairyland Inc Oakland, CA | $2,041,774 | $4,880,926 |
Gage Canal Company Riverside, CA | $3,778,956 | $3,287,704 |