MAGNOLIA CEMETERY PERPETUAL CARE FUND

EIN: 636148130

MOBILE, AL

Total Revenue
$572,969
Total Expenses
$388,912
Total Assets
$9,163,175
Net Assets
$9,163,175
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AL
Principal Officer
D PRATT PATERSON
Phone
2514328672
Tax Period
2023-11-01 to 2024-10-31

MAGNOLIA CEMETERY PERPETUAL CARE FUND, founded in 1986, is a small nonprofit that reported $528K in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $259K, a strong 49% operating margin.

Mission

TO FUND THE PERPETUAL CARE OF MAGNOLIA CEMETERY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $23,630
Program Service Revenue $0
Investment Income $549,339
Other Revenue $0
TOTAL REVENUE $572,969

Expense Breakdown

Grants Paid $317,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $388,912
Other Expenses $71,912
TOTAL EXPENSES $388,912

Year-over-Year Comparison

2023 2022 Change
Revenue $572,969 $367,300 +0.6%
Expenses $388,912 $269,592 +0.4%
Net Income $184,057 $97,708 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
31
Independent Members
31
Employees
N/A
Volunteers
31

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$71,500
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS KEARLEY PRESIDENT 4.00
Officer Director
$0 $0 $0
THOMAS C MCGEHEE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GARRETT ALEXANDER POWE TREASURER 2.00
Officer Director
$0 $0 $0
PRATT PATERSON RECORDING SECRETARY 2.00
Officer Director
$0 $0 $0
AMELIA C LYONS CORRESPONDING SECRETARY 2.00
Officer Director
$0 $0 $0
PAULA WATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL TRAVIS WINTER BOARD MEMBER 1.00
Director
$0 $0 $0
SELWYN TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID TOIFEL BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HOLMES SMITH IV BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY TOOMEY HAMMANN BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL FEIBELMAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
DINA BLANKENSHIP BOARD MEMBER 1.00
Director
$0 $0 $0
AJ DUPREE BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL BESTOR DREW BOARD MEMBER 1.00
Director
$0 $0 $0
NEDRA SIMPSON CROSBY BOARD MEMBER 1.00
Director
$0 $0 $0
SALLYE IRVINE BOARD MEMBER 1.00
Director
$0 $0 $0
BRUNER BINION BOARD MEMBER 1.00
Director
$0 $0 $0
J GUY HELMSING BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN F OTTS BOARD MEMBER 1.00
Director
$0 $0 $0
KYLA LEVINS BOARD MEMBER 1.00
Director
$0 $0 $0
WILLSON MCCLELLAND BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HERNDON NORDMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN PEEBLES BOARD MEMBER 1.00
Director
$0 $0 $0
CAMPBELL RAYFORD BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM RODGERS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID S ROSE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SCHLEY RUTHERFORD BOARD MEMBER 1.00
Director
$0 $0 $0
SUMMER ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
N/A BY MARIANNE TERRY ITS VICE PRESIDENT 0.00
$0 $0 $0
JANET SAVAGE EXECUTIVE DIRECTOR 5.00
Officer
$0 $0 $71,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $572,969 $388,912 $9,163,175 $184,057
2023 $367,300 $269,592 $8,979,118 $97,708
2022 $386,790 $317,537 $8,713,626 $69,253
2021 $1,157,850 $307,710 $8,644,373 $850,140
2020 $254,594 $268,274 $7,794,233 $-13,680
2019 $367,981 $233,684 $7,807,913 $134,297
2018 $528,356 $269,794 $7,737,469 $258,562
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