Overview
What is Winchester Cemetery Co Statutory Perpetual Care Fund?
Winchester Cemetery Company's Statutory Perpetual Care Fund is a dedicated account established to ensure the upkeep and maintenance of specific burial plots and adjacent grounds. The fund is created by setting aside 20% of the sales revenue from cemetery lots, as required by state law. The purpose of this fund is to provide perpetual care for the lots of those interred in the cemetery. The fund's primary objective is to maintain the beauty and upkeep of these designated areas, contributing to a peaceful and respectful environment for visiting families and loved ones.
Is Winchester Cemetery Co Statutory Perpetual Care Fund legitimate?
Winchester Cemetery Co Statutory Perpetual Care Fund is a legitimate nonprofit organization registered as a 501(c)(13) entity. Winchester Cemetery Co Statutory Perpetual Care Fund 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:
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What is the mission statement of Winchester Cemetery Co Statutory Perpetual Care Fund?
The Winchester Cemetery Company's Statutory Perpetual Care Fund has a mission to establish and maintain a separate account, set aside from 20% of the sales of cemetery lots. This fund serves the purpose of providing perpetual care for the burial lots of individuals interred in the cemetery, as required by law. The assets within this fund are held and invested, with the income generated being used to beautify, maintain, and care for the specific burial lots and adjacent grounds for which deposits have been made. In essence, the fund ensures the long-term upkeep and preservation of these burial areas.
Who is the CEO of Winchester Cemetery Co Statutory Perpetual Care Fund?
Central Bank Trust Co is the President of Winchester Cemetery Co Statutory Perpetual Care Fund.
What is the revenue of Winchester Cemetery Co Statutory Perpetual Care Fund?
Winchester Cemetery Co Statutory Perpetual Care Fund's revenue in 2022 was $44,820.
Who are the executives of Winchester Cemetery Co Statutory Perpetual Care Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Winchester Cemetery Co Statutory Perpetual Care Fund?
Winchester Cemetery Co Statutory Perpetual Care Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Winchester Cemetery Co Statutory Perpetual Care Fund
Winchester Cemetery Company's Statutory Perpetual Care Fund is committed to maintaining a separate account for a portion of the revenue generated from the sale of cemetery lots. This is in accordance with state law, requiring 20% of these sales to be set aside. The primary purpose of this fund is to ensure the perpetual care of the burial lots of those interred in the cemetery.
The assets held within this fund are invested with the intention of generating income. This income is then used to beautify, maintain, and care for the specific burial lots and adjacent grounds for which deposits have been made. By dedicating a portion of their revenues to this perpetual care fund, Winchester Cemetery Company demonstrates its commitment to preserving the dignity and respect of those who have been laid to rest within its grounds, ensuring that their memory and resting place are well-maintained for generations to come.
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Impact
October, 2024
The Winchester Cemetery Co Statutory Perpetual Care Fund plays a vital role in ensuring the ongoing maintenance and beautification of burial lots and the surrounding grounds in Lexington, KY. By adhering to state law, it allocates 20% of sales from cemetery lots into a dedicated account specifically for perpetual care. This proactive approach guarantees that funds are consistently set aside for the upkeep of the cemetery, allowing for continuous investment in its appearance and the preservation of the resting places of those buried there.
The income generated from this fund is utilized to enhance the aesthetic quality of the cemetery, ensuring that the environments remain well-maintained and dignified. This financial strategy not only provides peace of mind to families and loved ones but also contributes to a respectful and serene atmosphere for visitors. Ultimately, the fund's impact is felt in the sustained beauty and care of the cemetery, reflecting a commitment to honoring those interred within its grounds.
This information is meant to be a general summary of Winchester Cemetery Co Statutory Perpetual Care Fund. 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: $27,177
- Program Service Revenue: $17,643
- Gross Receipts: $806,334
Assets and Liabilities:
- Total Assets: $1,411,555
- Total Liabilities: $0
- Net Assets: $1,411,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
20% CEMETERY LOT SALES
Revenue
$17,643
Organization Details
Founding Year
1994
Phone
(859) 253-8106Principal Officer
Central Bank Trust Co
Main Address
PO BOX 1360, LEXINGTON, KY, 405881360
NTEE Category
Code: Y50 - Mutual benefit
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