Overview
What is Fernwood Cemetery - Endowment Care & Memorial Care Trust?
Fernwood Cemetery - Endowment Care & Memorial Care Trust is a nonprofit organization situated in Los Angeles, California. Its primary objective is to maintain a perpetual fund, with the interest and dividends, after accounting for any investment losses, being allocated to the cemetery's general fund. This fund supports the ongoing care and upkeep of grave spaces, crypts, and niches at the cemetery. Fernwood Cemetery sells graves, mausoleums, and niche spaces both in advance and as needed. A portion of each sale is deposited into the endowment fund, contributing to the cemetery's future maintenance costs. The trust, established in 2004 after the State of California approved its purchase from Daphne Fernwood, is managed by the trustees listed in the attached documents.
Is Fernwood Cemetery - Endowment Care & Memorial Care Trust legitimate?
Fernwood Cemetery - Endowment Care & Memorial Care Trust is a legitimate nonprofit organization registered as a 501(c)(13) entity. Fernwood Cemetery - Endowment Care & Memorial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fernwood Cemetery - Endowment Care & Memorial Care Trust?
Fernwood Cemetery - Endowment Care & Memorial Care Trust was established with the objective of maintaining a perpetual fund. The interest and dividends, after accounting for any investment losses, are allocated to the cemetery's general fund for the upkeep of grave spaces, crypts, and niches. The cemetery operates by selling graves, mausoleums, and niche spaces, both on a pre-need and at-need basis. A portion of the sales revenue is set aside in the endowment fund for future cemetery maintenance. The activities of the trust are overseen by the trustees named in the attached documents, and the organization commenced operations in 2004 after the State of California Department of Consumer Affairs - Cemetery and Funeral Bureau approved the purchase of the cemetery from Daphne Fernwood.
Who is the CEO of Fernwood Cemetery - Endowment Care & Memorial Care Trust?
Kanthiah Yogakumar is the President of Fernwood Cemetery - Endowment Care & Memorial Care Trust.
What is the revenue of Fernwood Cemetery - Endowment Care & Memorial Care Trust?
Fernwood Cemetery - Endowment Care & Memorial Care Trust's revenue in 2022 was $397,600.
Who are the executives of Fernwood Cemetery - Endowment Care & Memorial Care Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fernwood Cemetery - Endowment Care & Memorial Care Trust?
Fernwood Cemetery - Endowment Care & Memorial Care Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fernwood Cemetery - Endowment Care & Memorial Care Trust
Fernwood Cemetery - Endowment Care & Memorial Care Trust was established with a mission to preserve funds indefinitely. The interest and dividends, after accounting for any investment losses, are utilized to support the cemetery's general fund. This fund is primarily allocated towards maintaining the grave spaces, crypts, and niches at the cemetery. Fernwood Cemetery sells graves, mausoleums, and niche space, both on a pre-need and at-need basis. A portion of each sale is deposited into the endowment fund, ensuring adequate funds for future cemetery maintenance. The activities of Fernwood Cemetery - Endowment Care & Memorial Care Trust are overseen by the trustees named in the attached trust documents. The organization commenced operations in 2004, following approval from the State of California Department of Consumer Affairs - Cemetery and Funeral Bureau, following the purchase of the cemetery from Daphne Fernwood.
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Impact
October, 2024
Fernwood Cemetery - Endowment Care & Memorial Care Trust plays a crucial role in preserving the integrity and upkeep of the cemetery in Los Angeles, California. By holding funds in perpetuity, the Trust ensures that the interest and dividends generated from these funds are continuously allocated to the cemetery's general fund. This financial mechanism allows for the current care and maintenance of grave spaces, crypts, and niches, which is essential for honoring the memories of those interred there.
The trust is tied to the sale of graves, mausoleums, and niche spaces, with a mandated portion of each sale deposited into the endowment fund. This systematic approach not only addresses immediate maintenance needs but also secures resources for future upkeep, ensuring that Fernwood Cemetery remains a well-maintained and respectful final resting place for generations to come.
Since its establishment in 2004, following state approval, Fernwood Cemetery - Endowment Care & Memorial Care Trust has been managed by a group of dedicated trustees who oversee its operations. The Trust's commitment to preserving the cemetery reflects a strong sense of responsibility and a deep respect for the deceased, contributing positively to the community by fostering a serene and dignified environment for remembrance and reflection.
This information is meant to be a general summary of Fernwood Cemetery - Endowment Care & Memorial 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: $107,327
- Gross Receipts: $1,147,342
Assets and Liabilities:
- Total Assets: $2,609,183
- Total Liabilities: $8,179
- Net Assets: $2,601,004
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Organization Details
Principal Officer
Kanthiah Yogakumar
Main Address
6000 SANTA MONICA BLVD, LOS ANGELES, CA, 90038
NTEE Category
Code: Y50 - Mutual benefit
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