Sherwood Memorial Park Equity Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 546132315 ✦ Glen allen, VA ✦ Designated as a 501(c)(13)

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Overview

What is Sherwood Memorial Park Equity Trust?

The Sherwood Memorial Park Equity Trust is a nonprofit organization situated in Glen Allen, Virginia. Its primary mission is to maintain a cemetery in Salem, Virginia, ensuring its preservation for an indefinite period. To uphold this commitment, the trust has established a perpetual care fund for the cemetery. This fund is vital in sustaining the cemetery's upkeep and upgrades, ensuring the respect and dignity of the interred individuals' memory for generations to come.

Is Sherwood Memorial Park Equity Trust legitimate?

Sherwood Memorial Park Equity Trust is a legitimate nonprofit organization registered as a 501(c)(13) entity. Sherwood Memorial Park Equity 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: $22,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Sherwood Memorial Park Equity Trust?

The mission of Sherwood Memorial Park Equity Trust, as per its description, is centered around the perpetual maintenance of a cemetery. This mission is carried out through the establishment and maintenance of a perpetual care fund dedicated to the upkeep of the cemetery. While the details of its activities and programs are not provided, it can be inferred that the trust's primary objective is to ensure the ongoing upkeep and preservation of the cemetery for future generations. The trust is headquartered in Glen Allen, VA, and its operations are focused on the cemetery situated in Salem, VA.

What is the revenue of Sherwood Memorial Park Equity Trust?

Sherwood Memorial Park Equity Trust's revenue in 2023 was $339,181.

Who are the executives of Sherwood Memorial Park Equity Trust and what are their salaries?

There is 1 key member and their salary:


Atlantic Union Bank (Trustee)
  • Compensation: $22,787
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sherwood Memorial Park Equity Trust?

Sherwood Memorial Park Equity Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Sherwood Memorial Park Equity Trust

The Sherwood Memorial Park Equity Trust is dedicated to perpetually maintaining a cemetery located within a city, specifically in Salem, VA. The organization's mission is centered around ensuring the long-term upkeep and preservation of this cemetery, a commitment that is fundamental to its existence. To achieve this, the trust has established a perpetual care fund, which is a testament to its unwavering commitment to the cemetery's upkeep. The Trust, based in Glen Allen, VA, is actively involved in maintaining the serene and respectful environment of the cemetery, offering peace and tranquility to the families and loved ones who visit.

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Impact




October, 2024

Sherwood Memorial Park Equity Trust plays a crucial role in the perpetual maintenance of a cemetery in Salem, VA. By establishing a perpetual care fund, the trust ensures that the cemetery is cared for indefinitely, preserving its beauty and integrity for future generations. This commitment not only honors those interred there but also provides a peaceful resting place for families and friends to visit. The trust's efforts contribute to the community's heritage and provide a sense of dignity and respect for the deceased. Overall, Sherwood Memorial Park Equity Trust significantly impacts the local community by maintaining a place of memory and reflection.




This information is meant to be a general summary of Sherwood Memorial Park Equity 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.

Revenue
$339,181 (2023)
Expenses
$294,594 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $175,185
  • Gross Receipts: $1,172,236

Assets and Liabilities:

  • Total Assets: $5,178,441
  • Total Liabilities: $0
  • Net Assets: $5,178,441

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Organization Details

Founding Year

1996

Principal Officer

Atlantic Union Bank

NTEE Category

Code: Y50 - Mutual benefit

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