Overview
What is Preneed Trust Account Of Mount Olivet Cemetery Inc?
The Preneed Trust Account of Mount Olivet Cemetery Inc is a trust fund established to support preneed contracts for cemetery merchandise. This nonprofit organization, based in Frederick, Maryland, operates under the umbrella of Mount Olivet Cemetery Inc, another 501(C)(13) exempt organization. The trust serves as a financial vehicle for the advance purchase of cemetery items, ensuring that the necessary provisions are made in advance for individuals' final resting places. The funds are held in trust, safeguarding the assets for the preneed sales of Mount Olivet Cemetery Inc.
Official website here: www.mountolivetcemeteryinc.com
What do the Facebook reviews say about Preneed Trust Account Of Mount Olivet Cemetery Inc?
92% of 21 reviewers on Facebook recommend the Preneed Trust Account Of Mount Olivet Cemetery Inc. Here is a summary of their reviews:
Overall, the sentiments shared reflect a deep appreciation for the tranquility and beauty of Mount Olivet Cemetery. Reviewers express that the cemetery offers a peaceful resting place, complemented by well-kept flowers and intriguing gravestones that tell a story of those interred there. This ambiance encourages visitors to pause and reflect, reminding them of the importance of remembering loved ones.
Moreover, the reviews highlight the emotional connection visitors feel, as many find solace in the respectful environment that honors the deceased, regardless of their background. The cemetery is seen as a space where individuals can connect with their feelings of loss and remembrance in a dignified manner.
This AI summary has been generated from reviews found on Facebook.
Is Preneed Trust Account Of Mount Olivet Cemetery Inc legitimate?
Preneed Trust Account Of Mount Olivet Cemetery Inc is a legitimate nonprofit organization registered as a 501(c)(13) entity. Preneed Trust Account Of Mount Olivet Cemetery Inc 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
For more financial information, click here
Official website here: www.mountolivetcemeteryinc.com
What is the mission statement of Preneed Trust Account Of Mount Olivet Cemetery Inc?
The Preneed Trust Account of Mount Olivet Cemetery Inc. serves as a trust fund for the assets associated with the advance sale of cemetery merchandise. This account is designed to purchase cemetery items as per the preneed contracts of Mount Olivet Cemetery Inc., a non-profit mutual cemetery. The purpose of this trust is to provide financial security for individuals who have pre-arranged their cemetery services, ensuring that their wishes are fulfilled when the time comes. The funds within the trust are specifically allocated for the purchase of cemetery merchandise, including burial plots, markers, and other related items.
Official website here: www.mountolivetcemeteryinc.com
Who is the CEO of Preneed Trust Account Of Mount Olivet Cemetery Inc?
J Ronald Pearcey is the Trustee of Preneed Trust Account Of Mount Olivet Cemetery Inc.
Official website here: www.mountolivetcemeteryinc.com
What is the revenue of Preneed Trust Account Of Mount Olivet Cemetery Inc?
Preneed Trust Account Of Mount Olivet Cemetery Inc's revenue in 2021 was $16,122.
Official website here: www.mountolivetcemeteryinc.com
Who are the executives of Preneed Trust Account Of Mount Olivet Cemetery Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mountolivetcemeteryinc.com
Where can I find the form 990 for Preneed Trust Account Of Mount Olivet Cemetery Inc?
Preneed Trust Account Of Mount Olivet Cemetery Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.mountolivetcemeteryinc.com
Learn more at the official website: www.mountolivetcemeteryinc.com
Mission Statement of Preneed Trust Account Of Mount Olivet Cemetery Inc
Preneed Trust Account of Mount Olivet Cemetery Inc serves as a trust that holds assets for the preneed sales of merchandise offered by Mount Olivet Cemetery, a separate non-profit mutual cemetery organization. The primary mission of this trust is to provide funds, which are set aside, to purchase cemetery merchandise as per the preneed contracts signed with Mount Olivet Cemetery Inc. By doing so, it ensures that the necessary arrangements for burials or memorials are financially secured, providing peace of mind to individuals who have pre-planned their end-of-life services.
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Impact
October, 2024
The Preneed Trust Account of Mount Olivet Cemetery Inc. plays a crucial role in securing financial resources for future cemetery merchandise purchases. By holding assets specifically designated for preneed sales, the trust ensures that families can prearrange and finance their cemetery needs, providing peace of mind during difficult times.
This arrangement allows individuals to make decisions regarding their end-of-life services well in advance, reducing the emotional and financial burdens on loved ones. The trust serves as a financial safeguard, assuring that funds are available to fulfill the commitments made under preneed contracts. As a result, it fosters a sense of security and planning for both individuals and their families, helping to manage the complexities of commemorative arrangements.
Located in Frederick, Maryland, the trust underpins the operations of Mount Olivet Cemetery, supporting its mission of providing meaningful services. The structure of the trust ensures that the funds are properly managed and utilized, contributing to the cemetery's sustainability and mutual benefit for the community it serves. Overall, the Preneed Trust Account enhances the capacity of Mount Olivet Cemetery to honor the wishes of its clients while maintaining a reliable framework for future services.
This information is meant to be a general summary of Preneed Trust Account Of Mount Olivet Cemetery Inc. 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 2021.
- Investment Income: $16,122
- Gross Receipts: $87,475
Assets and Liabilities:
- Total Assets: $775,236
- Total Liabilities: $0
- Net Assets: $775,236
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Organization Details
Founding Year
1994
Phone
(301) 662-1164Principal Officer
J Ronald Pearcey
Main Address
PO BOX 518, FREDERICK, MD, 217050565
NTEE Category
Code: Y50 - Mutual benefit
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