Inglewood Park Cemetery
- Assets
- $130.3m
- Revenue
- $67.5m
- Investments
- $36.0m
- Employees
- 276
- Location
- Inglewood, CA
- Founding
- 11/1982
- Data as of
- 12/2021
- EIN
- 95-3755235
Organization Overview
Inglewood Park Cemetery is located in Inglewood, CA. The organization was established in 1982. 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, Inglewood Park Cemetery employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inglewood Park Cemetery is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Inglewood Park Cemetery generated $67.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $42.7m during the year ending 12/2021. While expenses have increased by 7.9% 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
THE ORGANIZATION OWNS AND OPERATES A CEMETERY AND CREMATORY SERVING THE GREATER LOS ANGELES AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY OPERATION OF A CEMETERY IN INGLEWOOD, CALIFORNIA.
SALES OF AT-NEED CEMETERY INTERMENT RIGHTS (E.G., CRYPTS, NICHES, AND PLOTS), PRODUCTS, AND SERVICES.
SALES OF PRE-NEED CEMETERY INTERMENT RIGHTS (E.G., CRYPTS, NICHES, AND PLOTS), PRODUCTS, AND SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zenaida Gonzalez Sales Counselor | 40 | $584,432 | |
Ricky Miller CEO | Officer | 40 | $529,929 |
Blanca Jimenez Sales Counselor | 40 | $355,818 | |
Art Allen V.P. Pre-Need Sales | Officer | 40 | $339,694 |
Cheryl Lewis Term 1021 V.P. Family Serv | Officer | 0 | $338,823 |
Maribel Bustillos Sales Counselor | 40 | $334,646 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Juan Jose Centeno Sales | 12/30/18 | $118,937 |
Irene T Orozco Sales | 12/30/18 | $120,908 |
Sergio Salvador Sales | 12/30/18 | $383,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,715,568 |
| 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 | $2,715,568 |
| Total Program Service Revenue | $59,050,148 |
| Investment income | $7,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $176,646 |
| Net Gain/Loss on Asset Sales | $5,474,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,506,169 |
| 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. | $2,999,096 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,603,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,123,340 |
| Payroll taxes | $1,617,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,695,490 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $765,076 |
| Insurance | $0 |
| All other expenses | $2,373,596 |
| Total functional expenses | $42,720,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,649,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,868,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,453,868 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,001,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,986,296 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,384,881 |
| Total assets | $130,344,376 |
| Accounts payable and accrued expenses | $5,502,907 |
| 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 | $23,683,232 |
| Total liabilities | $29,186,139 |
| Net assets without donor restrictions | $101,158,237 |
| 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 | $130,344,376 |
Endowment Analysis
| Beg. Balance | $70,563,735 |
| Earnings | $10,698,998 |
| Admin Expense | $285,397 |
| Other Expense | $1,382,459 |
| Ending Balance | $79,594,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Turlock Cemetery Association Turlock, CA | $28,654,901 | $5,486,142 |