Overview
What is Oakdale Memorial Gardens Perpetual Care Trust?
Oakdale Memorial Gardens Perpetual Care Trust is a nonprofit entity established in Davenport, Iowa. Its primary purpose, as outlined by the Iowa Code Chapter 523I, is to receive, manage, and administer funds obtained from a nonprofit cemetery association. The funds are collected as a requirement for a portion of the payments received by the cemetery for perpetual care of interment rights to be placed in trust and deposited with a qualified trustee. This trust ensures the ongoing maintenance and upkeep of the cemetery plots, providing a lasting and respectful resting place for loved ones.
Is Oakdale Memorial Gardens Perpetual Care Trust legitimate?
Oakdale Memorial Gardens Perpetual Care Trust is a legitimate nonprofit organization registered as a 501(c)(13) entity. Oakdale Memorial Gardens Perpetual Care Trust 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: $0
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What is the mission statement of Oakdale Memorial Gardens Perpetual Care Trust?
The Oakdale Memorial Gardens Perpetual Care Trust was established with a specific purpose. It receives funds from a nonprofit cemetery association, in accordance with Iowa Code Chapter 523I. The primary role of this trust is to maintain and administer these funds. The code requires that a portion of payments received by a cemetery for the perpetual care of interment rights be placed in trust and deposited with a qualified trustee. This trust serves to ensure the long-term maintenance of the interment rights, providing a lasting commitment to the preservation of these spaces.
What is the revenue of Oakdale Memorial Gardens Perpetual Care Trust?
Oakdale Memorial Gardens Perpetual Care Trust's revenue in 2023 was $247,832.
Who are the executives of Oakdale Memorial Gardens Perpetual Care Trust and what are their salaries?
There 4 volunteers at Oakdale Memorial Gardens Perpetual Care Trust.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oakdale Memorial Gardens Perpetual Care Trust?
Oakdale Memorial Gardens Perpetual Care Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oakdale Memorial Gardens Perpetual Care Trust
Oakdale Memorial Gardens Perpetual Care Trust was established with a specific purpose. This nonprofit organization was formed to receive, maintain, and administer funds it receives from a nonprofit cemetery association, as mandated by Iowa Code Chapter 523I. The trust's mission is to ensure a portion of the payments received by a cemetery for the perpetual care of interment rights is set aside and deposited with a qualified trustee. This safeguarding of funds ensures the ongoing maintenance and upkeep of the interment rights, providing a long-term commitment to the preservation of the cemetery grounds.
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Impact
October, 2024
The Oakdale Memorial Gardens Perpetual Care Trust has a significant impact on the care and maintenance of cemetery grounds in Davenport, Iowa. By receiving, maintaining, and administering funds aimed specifically at the perpetual care of interment rights, the trust ensures that the cemetery remains a respectful and well-maintained resting place for loved ones.
Its operations are governed by Iowa Code Chapter 523I, which mandates that a portion of payments made for cemetery services is allocated to the trust. This ensures financial sustainability and accountability, safeguarding funds specifically for ongoing maintenance and care. The trust thus plays a crucial role in preserving the dignity of the final resting place for families, while also supporting the overall community by maintaining a space that reflects care and respect for those interred.
Moreover, the trust provides peace of mind to individuals and families by ensuring that the necessary funds are in place for future care needs, fostering a sense of security that their loved ones will be honored and remembered. Overall, the Oakdale Memorial Gardens Perpetual Care Trust serves not only to maintain the cemetery but also to uphold the community's values of remembrance and care.
This information is meant to be a general summary of Oakdale Memorial Gardens Perpetual Care Trust. 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 2023.
- Investment Income: $176,332
- Program Service Revenue: $71,500
- Gross Receipts: $247,832
Assets and Liabilities:
- Total Assets: $877,730
- Total Liabilities: $0
- Net Assets: $877,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTOR DEPOSITS
Revenue
$71,500
Organization Details
Founding Year
2016
Principal Officer
Robert S Ward
NTEE Category
Code: Y50 - Mutual benefit
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