Overview
What is Memorial Park Cemetery Perp Care Trust?
Memorial Park Cemetery Perp Care Trust is a nonprofit entity that serves to manage and invest funds deposited by Memorial Park Cemetery in Waterloo, Iowa. The primary purpose of this trust is to generate income, which is then utilized for the perpetual maintenance and care of the cemetery and its gravesites. The trust actively holds and invests funds deposited by Memorial Park Cemetery, ensuring the long-term upkeep and preservation of the cemetery for generations to come.
Is Memorial Park Cemetery Perp Care Trust legitimate?
Memorial Park Cemetery Perp Care Trust is a legitimate nonprofit organization registered as a 501(c)(13) entity. Memorial Park Cemetery Perp 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: $7,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Memorial Park Cemetery Perp Care Trust?
The Memorial Park Cemetery Perp Care Trust's primary function is to manage and invest funds that have been deposited by Memorial Park Cemetery. The main objective of this trust is to generate a net income, which is then utilized to ensure the perpetual care of the cemetery and its gravesites. The trust serves as a financial resource for the upkeep and maintenance of the cemetery, ensuring its preservation for future generations. The funds deposited in the trust are carefully managed and invested, with the income generated contributing towards the long-term maintenance and upkeep of the cemetery. The trust plays a crucial role in ensuring the continued care and upkeep of the Memorial Park Cemetery, securing its future as a resting place for families and loved ones.
Who is the CEO of Memorial Park Cemetery Perp Care Trust?
First Bank is the Trustee of Memorial Park Cemetery Perp Care Trust.
What is the revenue of Memorial Park Cemetery Perp Care Trust?
Memorial Park Cemetery Perp Care Trust's revenue in 2022 was -$57,480.
Who are the executives of Memorial Park Cemetery Perp Care Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,875
- Related: $0
- Other: $0
Where can I find the form 990 for Memorial Park Cemetery Perp Care Trust?
Memorial Park Cemetery Perp Care Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memorial Park Cemetery Perp Care Trust
Memorial Park Cemetery Perp Care Trust is a dedicated entity that serves a crucial role in managing funds. Deposited by Memorial Park Cemetery in Waterloo, Iowa, these funds are meticulously held and invested by the Trust. The primary objective of this organization is to generate net income, which is then paid back to the cemetery. This income is utilized for the perpetual care of the cemetery and its gravesites, ensuring their upkeep and preservation for an indefinite period. The Trust thus plays a vital role in maintaining the integrity and longevity of Memorial Park Cemetery, providing a sense of permanence and continuity for those who have been laid to rest there.
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Impact
October, 2024
Memorial Park Cemetery Perpetual Care Trust plays a crucial role in ensuring the long-term maintenance and care of Memorial Park Cemetery in Waterloo, Iowa. By holding and investing funds deposited by the cemetery, the Trust generates net income that is directly allocated for the perpetual care of the cemetery and its gravesites. This financial stewardship not only secures the future upkeep of the cemetery but also provides peace of mind to families, knowing that their loved ones' resting places will be well-maintained over time. The Trust's activities are essential in preserving the dignity and sanctity of the cemetery environment for current and future generations.
This information is meant to be a general summary of Memorial Park Cemetery Perp 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 2022.
- Investment Income: -$66,555
- Gross Receipts: $1,214,312
Assets and Liabilities:
- Total Assets: $1,086,718
- Total Liabilities: $0
- Net Assets: $1,086,718
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Organization Details
Founding Year
1929
Phone
(319) 266-2000Principal Officer
First Bank
Main Address
602 MAIN ST, CEDAR FALLS, IA, 50613
NTEE Category
Code: Y50 - Mutual benefit
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