Overview
What is Tewksbury Cemetery Corporation?
Tewksbury Cemetery Corporation serves as a nonprofit entity responsible for managing and maintaining a cemetery. By selling burial lots to individuals who become voting members, the organization generates funds for land acquisitions and enhancements, channeling these proceeds through an improvement fund. Furthermore, Tewksbury Cemetery Corporation invests in certificates of deposit and savings to bolster its perpetual care fund. This fund's interest income supports the ongoing maintenance and management of the cemetery grounds via the maintenance fund. In essence, this organization plays a crucial role in preserving and maintaining a peaceful and well-maintained resting place for its members.
Is Tewksbury Cemetery Corporation legitimate?
Tewksbury Cemetery Corporation is a legitimate nonprofit organization registered as a 501(c)(13) entity. Tewksbury Cemetery Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,436
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What is the mission statement of Tewksbury Cemetery Corporation?
Tewksbury Cemetery Corporation is committed to managing and maintaining a cemetery. It accomplishes this by selling burial plots to individuals, who then become voting members. The revenue generated from these sales is utilized for land acquisitions and improvements, funneled through an improvement fund. Furthermore, the corporation invests in certificates of deposit and savings to support a perpetual care fund. This fund provides interest income that is used to sustain the upkeep of the cemetery grounds, managed through a maintenance fund.
Who is the CEO of Tewksbury Cemetery Corporation?
Donald W Carter is the Treasurer of Tewksbury Cemetery Corporation.
What is the revenue of Tewksbury Cemetery Corporation?
Tewksbury Cemetery Corporation's revenue in 2022 was $191,778.
Who are the executives of Tewksbury Cemetery Corporation and what are their salaries?
The average compensation at Tewksbury Cemetery Corporation during 2022 was $55,218. There are 2 employees at Tewksbury Cemetery Corporation.
Here are 7 key members and their salaries:
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- Other: $0
Where can I find the form 990 for Tewksbury Cemetery Corporation?
Tewksbury Cemetery Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tewksbury Cemetery Corporation
Tewksbury Cemetery Corporation, as a nonprofit organization, is primarily dedicated to managing and maintaining a cemetery. This involves selling burial lots to individuals who become voting members, utilizing the revenues to expand the cemetery's land and improve its facilities through an improvement fund. Beyond this, the corporation also invests in certificates of deposit and savings, contributing to a perpetual care fund. This fund serves a crucial function, providing interest income that supports the ongoing management and upkeep of the cemetery grounds through a maintenance fund. In essence, Tewksbury Cemetery Corporation's mission is to ensure the long-term preservation and maintenance of its cemetery, providing a peaceful and respectful space for the interment of its members' loved ones.
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Impact
October, 2024
Tewksbury Cemetery Corporation plays a crucial role in the management and maintenance of the cemetery in Tewksbury, MA. By effectively overseeing the grounds, it ensures a respectful and well-kept environment for families to honor their loved ones. The corporation facilitates the sale of burial lots, allowing individuals to become voting members, which fosters a sense of community involvement and stewardship.
The proceeds from these sales are strategically allocated to land acquisitions and improvements, supporting ongoing development and enhancements of the cemetery. Furthermore, by investing in certificates of deposit and savings, Tewksbury Cemetery Corporation secures a perpetual care fund. This fund generates interest income that directly contributes to the management and upkeep of the cemetery, ensuring that it remains a serene and dignified place for remembrance.
Through its activities, Tewksbury Cemetery Corporation not only maintains the physical space but also provides a mutual benefit to the community, creating a sustainable model for ongoing care and improvement of the cemetery. Its efforts are vital in preserving the historical and emotional significance of the grounds for generations to come.
This information is meant to be a general summary of Tewksbury Cemetery Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $570
- Program Service Revenue: $191,208
- Gross Receipts: $191,778
Assets and Liabilities:
- Total Assets: $391,297
- Total Liabilities: $88,243
- Net Assets: $303,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTERMENT FEES
Revenue
$132,485
NET SALES OF BURIAL LOTS
Revenue
$58,723
Organization Details
Founding Year
1859
Phone
(978) 851-4165Principal Officer
Donald W Carter
Main Address
172 EAST STREET PO BOX 681, TEWKSBURY, MA, 01876
NTEE Category
Code: Y52Z - Mutual benefit
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