Overview
What is Magnolia Cemetery Trust?
The Magnolia Cemetery Trust is a nonprofit organization situated in North Charleston, South Carolina, primarily dedicated to the purpose of burials and cremations. As a cemetery, it adheres to its charter, ensuring it only engages in activities directly linked to its primary function. This includes providing a resting place for deceased individuals, thereby offering a vital service to the community. The trust is committed to fulfilling its role as a cemetery, refraining from engaging in any business that does not directly support this purpose.
Is Magnolia Cemetery Trust legitimate?
Magnolia Cemetery Trust is a legitimate nonprofit organization registered as a 501(c)(13) entity. Magnolia Cemetery 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: $85,002
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,281
For more financial information, click here
What is the mission statement of Magnolia Cemetery Trust?
The Magnolia Cemetery Trust, as a nonprofit organization, is primarily dedicated to the purpose of burial and cremation. By its charter, it is prohibited from engaging in any business not directly related to these services. This ensures that the Trust maintains its focus on providing necessary end-of-life services to its community, upholding the solemn responsibility associated with its role as a cemetery.
Who is the CEO of Magnolia Cemetery Trust?
Beverly M Donald is the Secretary Of of Magnolia Cemetery Trust.
What is the revenue of Magnolia Cemetery Trust?
Magnolia Cemetery Trust's revenue in 2022 was $357,482.
Who are the executives of Magnolia Cemetery Trust and what are their salaries?
The average compensation at Magnolia Cemetery Trust during 2022 was $29,183. There are 7 employees at Magnolia Cemetery Trust.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Magnolia Cemetery Trust?
Magnolia Cemetery Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magnolia Cemetery Trust
The Magnolia Cemetery Trust, as a nonprofit organization, is dedicated solely to the purpose of burial and cremation. Established with a specific charter, this entity is prohibited from engaging in any business activities that are not directly related to these services. Its primary role is to provide a resting place for the deceased, ensuring that other nonprofit cemetery companies and crematoria adhere to this same principle, focusing solely on the needs of the bereaved and honoring the memory of the departed.
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Impact
October, 2024
Magnolia Cemetery Trust plays a vital role in the preservation and management of a historic burial ground in North Charleston, SC. By upholding the integrity of the cemetery, it provides a dignified resting place for the deceased, ensuring that families can honor their loved ones in a serene environment. The trust's focus on cemetery operations fosters community connections, allowing individuals to come together in remembrance and reflection.
Beyond providing burial services, Magnolia Cemetery Trust contributes to the cultural heritage of the region, preserving the historical significance of the site. Its activities underscore the importance of responsible stewardship of burial grounds, which can serve as important historical and cultural landmarks. By maintaining the cemetery and ensuring it remains accessible, the trust enhances the quality of life in the community, fostering a sense of mutual benefit among residents who value historical preservation and the sanctity of remembrance.
This information is meant to be a general summary of Magnolia Cemetery 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: $97,024
- Program Service Revenue: $179,904
- Gross Receipts: $357,482
Assets and Liabilities:
- Total Assets: $5,727,972
- Total Liabilities: $526,694
- Net Assets: $5,201,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOT SALES
Revenue
$113,400
BURIAL FEES
Revenue
$57,250
STONE & LOT CLEANING
Revenue
$3,760
INSURANCE PROCEED
Revenue
$3,573
TITLE FEES
Revenue
$1,575
Organization Details
Founding Year
1954
Phone
(843) 722-8638Principal Officer
Beverly M Donald
Main Address
P O BOX 22873, CHARLESTON, SC, 294132873
NTEE Category
Code: Y50 - Mutual benefit
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