Overview
What is Paradise Memorial Park Cemetery Memorial Fund?
Paradise Memorial Park Cemetery Memorial Fund is a nonprofit organization based in Los Angeles, California. The primary objective of this fund is to preserve and enhance Paradise Memorial Park Cemetery, ensuring its maintenance and upkeep for future generations. The cemetery was acquired through a legal settlement between its previous owners and various parties, with the Superior Court of Los Angeles and the California Department of Consumer Affairs approving the transfer. An initial capital contribution was provided as part of the settlement to establish a permanent endowment, enabling the fund to finance the cemetery's upkeep for decades. The nonprofit's activities are focused on maintaining and caring for the cemetery, with a strict budget and institutional trustee to manage its funds. The fund assists family members in locating the remains of their relatives buried at the cemetery, providing a vital service for the community.
Is Paradise Memorial Park Cemetery Memorial Fund legitimate?
Paradise Memorial Park Cemetery Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(13) entity. Paradise Memorial Park Cemetery Memorial 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,014
For more financial information, click here
What is the mission statement of Paradise Memorial Park Cemetery Memorial Fund?
The Paradise Memorial Park Cemetery Memorial Fund's primary purpose is to maintain, care for, improve, and embellish the Paradise Memorial Park Cemetery. The fund assists family members in locating the remains of their relatives buried at the cemetery. The cemetery was acquired by the fund as a result of a legal settlement between the former owners and various interested parties. The Superior Court of Los Angeles County and the California Department of Consumer Affairs approved the transfer to the fund as part of the settlement. The legal settlement also provided an initial capital contribution to the fund, which is intended to provide a permanent endowment-type reserve to finance the reasonable and necessary maintenance of the cemetery for decades to come. The court order and governing instruments of the fund contain provisions that limit the spending of the non-profit and require that the funds be held by an institutional trustee at a federally insured financial institution.
Who is the CEO of Paradise Memorial Park Cemetery Memorial Fund?
Mickel Arias is the Chairman Of The Board of Paradise Memorial Park Cemetery Memorial Fund.
What is the revenue of Paradise Memorial Park Cemetery Memorial Fund?
Paradise Memorial Park Cemetery Memorial Fund's revenue in 2022 was $103,746.
Who are the executives of Paradise Memorial Park Cemetery Memorial Fund and what are their salaries?
The average compensation at Paradise Memorial Park Cemetery Memorial Fund during 2022 was $9,014. There is 1 employee at Paradise Memorial Park Cemetery Memorial Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Paradise Memorial Park Cemetery Memorial Fund?
Paradise Memorial Park Cemetery Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paradise Memorial Park Cemetery Memorial Fund
Paradise Memorial Park Cemetery Memorial Fund, a nonprofit organization, is dedicated to maintaining and caring for the Paradise Memorial Park Cemetery. This mission encompasses not only the upkeep and improvement of the cemetery but also aids family members in locating the graves of their relatives buried within the cemetery. The fund acquired the cemetery as a result of a legal settlement between its former owners and various interested parties. The Superior Court of Los Angeles County and the California Department of Consumer Affairs approved the transfer to the fund as part of the settlement.
The initial capital contribution to the fund, derived from the proceeds of the litigation, serves as a permanent endowment reserve for financing the cemetery's maintenance for several decades. The legal settlement and the governing instruments of the fund contain provisions that limit the spending of the nonprofit and require the funds to be held by an institutional trustee at a federally insured financial institution. In essence, Paradise Memorial Park Cemetery Memorial Fund is committed to preserving and maintaining the cemetery as a respectful and well-maintained space for families to honor and remember their loved ones.
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Impact
October, 2024
Paradise Memorial Park Cemetery Memorial Fund plays a crucial role in preserving and enhancing the legacy of Paradise Memorial Park Cemetery. By ensuring ongoing maintenance, care, and improvement, the Fund guarantees that this final resting place remains a dignified and respectful environment for families and their loved ones.
The Fund also provides valuable assistance to family members seeking to locate the remains of relatives buried at the cemetery, thus fostering a sense of connection and closure for those navigating the difficult experience of loss.
Thanks to a legal settlement that resulted in the cemetery's acquisition, the Fund benefits from an initial capital contribution, which establishes a permanent endowment. This financial foundation is designed to sustain the cemetery’s maintenance needs for decades, reflecting a long-term commitment to honoring those interred there.
Furthermore, by adhering to strict guidelines set forth by the court and governing instruments, the Fund ensures that its resources are managed prudently and effectively. The dedication to responsible financial stewardship not only secures the cemetery's upkeep but also instills a sense of trust within the community that their loved ones' resting place will remain cared for, now and in the future.
This information is meant to be a general summary of Paradise Memorial Park Cemetery Memorial 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: $103,746
- Gross Receipts: $1,986,723
Assets and Liabilities:
- Total Assets: $1,788,689
- Total Liabilities: $0
- Net Assets: $1,788,689
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Organization Details
Founding Year
2002
Phone
(562) 864-7316Principal Officer
Mickel Arias
Main Address
10866 WILSHIRE BLVD 350, LOS ANGELES, CA, 90024
NTEE Category
Code: Y50 - Mutual benefit
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