Civic Intelligence

Albany Cemetery Association

990 • Fiscal year 2018 • EIN 14-0461448

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 25, 2019

Cemetery AvenueAlbany, NY 12204

(518) 463-7017

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$7,167,938

Flat from 2018

Net Assets

Flat

$7,144,045

Flat from 2018

Liabilities

Flat

$23,893

Flat from 2018

Revenue And Expenses

Revenue

Flat

$924,673

Flat from 2018

Expenses

Flat

$1,043,529

Flat from 2018

Net Income

Flat

-$118,856

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $5,978,808Liabilities 2011: $20,218Net Assets 2011: $5,958,5902011Assets 2012: $6,283,054Liabilities 2012: $13,711Net Assets 2012: $6,269,3432012Assets 2013: $6,833,193Liabilities 2013: $31,788Net Assets 2013: $6,801,4052013Assets 2014: $6,930,281Liabilities 2014: $36,791Net Assets 2014: $6,893,4902014Assets 2015: $6,752,566Liabilities 2015: $29,695Net Assets 2015: $6,722,8712015Assets 2016: $7,175,772Liabilities 2016: $26,569Net Assets 2016: $7,149,2032016Assets 2017: $7,626,916Liabilities 2017: $29,670Net Assets 2017: $7,597,2462017Assets 2018: $7,167,938Liabilities 2018: $23,893Net Assets 2018: $7,144,0452018Assets 2018: $7,167,938Liabilities 2018: $23,893Net Assets 2018: $7,144,0452018Assets 2019: $7,983,675Liabilities 2019: $42,437Net Assets 2019: $7,941,2382019Assets 2020: $8,653,431Liabilities 2020: $167,071Net Assets 2020: $8,486,3602020Assets 2021: $9,798,787Liabilities 2021: $97,271Net Assets 2021: $9,701,5162021Assets 2022: $8,609,899Liabilities 2022: $108,307Net Assets 2022: $8,501,5922022Assets 2023: $9,123,714Liabilities 2023: $150,109Net Assets 2023: $8,973,6052023Assets 2024: $9,203,499Liabilities 2024: $67,918Net Assets 2024: $9,135,5812024

Highlighted filing

2018

Assets$7,167,938
Liabilities$23,893
Net Assets$7,144,045

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $766,3242011Expenses 2012: $765,7862012Revenue 2013: $964,892Expenses 2013: $861,301Net Income 2013: $103,5912013Revenue 2014: $895,279Expenses 2014: $955,129Net Income 2014: -$59,8502014Revenue 2015: $1,497,528Expenses 2015: $944,906Net Income 2015: $552,6222015Revenue 2016: $947,314Expenses 2016: $896,036Net Income 2016: $51,2782016Revenue 2017: $991,646Expenses 2017: $983,414Net Income 2017: $8,2322017Revenue 2018: $924,673Expenses 2018: $1,043,529Net Income 2018: -$118,8562018Revenue 2018: $924,673Expenses 2018: $1,043,529Net Income 2018: -$118,8562018Revenue 2019: $1,328,245Expenses 2019: $1,121,565Net Income 2019: $206,6802019Revenue 2020: $1,540,169Expenses 2020: $1,007,676Net Income 2020: $532,4932020Revenue 2021: $1,758,055Expenses 2021: $1,182,572Net Income 2021: $575,4832021Revenue 2022: $1,487,931Expenses 2022: $1,244,441Net Income 2022: $243,4902022Revenue 2023: $1,965,951Expenses 2023: $1,300,150Net Income 2023: $665,8012023Revenue 2024: $1,216,841Expenses 2024: $1,307,139Net Income 2024: -$90,2982024

Highlighted filing

2018

Revenue$924,673
Expenses$1,043,529
Net Income-$118,856
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 25, 2019
Return Version
2018v3.1
Gross Receipts
$2,520,544
Mission and Program Overview

Mission

The maintenance of the cemetery, lot sales, perpetual care, interments and other related cemetery matters.

The maintenance of the cemetery, lot sales, perpetual care, interments and other related matters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,449,934$6,063,419▼ $386,515
Inventories for Sale or Use$540,984$540,955▼ $29
Land, Buildings, and Equipment, Net$334,844$317,341▼ $17,503
Cash and Non-Interest-Bearing Accounts$123,513$107,298▼ $16,215
Savings and Temporary Cash Investments$120,324$80,881▼ $39,443
Accounts Receivable$25,962$29,152▲ $3,190
Prepaid Expenses and Deferred Charges$7,081$8,562▲ $1,481
Total Assets$7,626,916$7,167,938▼ $458,978
Other Assets Total$24,274$20,330▼ $3,944
Liabilities
Accounts Payable and Accrued Expenses$29,170$23,393▼ $5,777
Other Liabilities$500$500→ $0
Total Liabilities$29,670$23,893▼ $5,777
Net Assets / Fund Balance
Unrestricted Net Assets$2,555,952$7,144,045▲ $4,588,093
Permanently Rstr Net Assets$5,036,211$0▼ $5,036,211
Temporarily Rstr Net Assets$5,083$0▼ $5,083
Total Net Assets Fund Balance$7,597,246$7,144,045▼ $453,201
Total Liabilities and Net Assets / Fund Balance$7,626,916$7,167,938▼ $458,978

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$101,799$749,499$851,298
Equipment$67,283$359,307$426,590
Other Land Buildings$85,318$217,183$302,501
Land$62,941-$62,941
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John W BusztaGeneral ManagerFT$54,258$7,399$61,657
Revenue and Support

Revenue Composition

Contributions and Grants
$138,465
Program Service Revenue
$398,861
Investment Income
$261,415
Other Revenue
$125,932
All Other Contributions
$122,535
Change in Net Assets
$-118,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$599,037
Other Expenses$444,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$374,685
Other Employee Benefits---$93,172
Current Officers, Directors, Trustees, and Key Employees---$61,657
Insurance---$56,340
Depreciation Depletion---$48,653
Payroll Taxes---$44,578
Fees for Service Investment Mgmnt Fees---$40,833
Occupancy---$31,591
Pension Plan Contributions---$24,945
Office Expenses---$18,453
All Other Expenses---$15,594
Travel---$14,659
Fees for Services Other---$13,915
Fees for Services Accounting---$13,025
Other Expenses---$8,868
Advertising---$1,825
Total Functional Expenses$0$0$0$1,043,529
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization's form 990 is prepared by an outside public accounting firm and reviewed by the officers of the organization. A complete copy of form 990 is provided to the full board prior to filing.

Form 990, Part VI, Section B, Line 12C

Trustees, officers, and employees of the organization are required to complete an conflict of interest disclosure form annually.

Form 990, Part VI, Section B, Line 15A

The board president performs an annual review and approval process for officer compensation.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, policies and financial statements are available to the public upon request. Also, their quarterly meetings are open to the public.

Filing and Contact Details

Filer

Filer Name
Albany Cemetery Association
EIN
14-0461448
Phone
5184637017
Address
CEMETERY AVENUE, ALBANY, NY 12204

Signing Officer

Name
Anthony S Esposito
Title
President
Phone
5184473264
Signed
2019-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony S Esposito
Formed
1958
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
27
Volunteers
18

Preparer

Firm
Bst & Co Cpas Llp
Address
26 COMPUTER DRIVE WEST, ALBANY, NY 12205
Preparer
Judy a Cahee
Phone
5184596700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The association files form 990 annually with the internal revenue service. When annual returns are filed, some tax positions taken are highly certain to be sustained upon examination by the taxing authorities, while other tax positions are subject to uncertainty about the technical merits of the position or amount of the position's tax benefit that would ultimately be sustained. Management evaluated the association's tax positions, including interest and penalties attributable thereto, and concluded that the association had taken no tax positions that required adjustment in its financial statements as of december 31, 2018 and 2017.

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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01583445
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt015930
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MAINTENANCE OF THE CEMETERY, LOT SALES, PERPETUAL CARE, INTERMENTS AND OTHER RELATED CEMETERY MATTERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07597246
IRS990/NetAssetsOrFundBalancesEOYAmt07144045
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-824
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-824
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0117232
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0117232
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08700
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08700
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-334345
IRS990/NoncashContributionsAmt05351
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt031591
IRS990/OfficeExpensesGrp/TotalAmt018453
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024274
IRS990/OtherAssetsTotalGrp/EOYAmt020330
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093172
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2MATERIALS
IRS990/OtherExpensesGrp/Desc3STATE MONUMENT PROJECT
IRS990/OtherExpensesGrp/TotalAmt0140766
IRS990/OtherExpensesGrp/TotalAmt120054
IRS990/OtherExpensesGrp/TotalAmt219916
IRS990/OtherExpensesGrp/TotalAmt38868
IRS990/OtherLiabilitiesGrp/BOYAmt0500
IRS990/OtherLiabilitiesGrp/EOYAmt0500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0374685
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt044578
IRS990/PensionPlanContributionsGrp/TotalAmt024945
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt05036211
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07081
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08562
IRS990/PrincipalOfficerNm0ANTHONY S ESPOSITO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0812900
IRS990/ProgramServiceRevenueGrp/Desc0CEMETERY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0398861
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0398861
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0187043
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0245659
IRS990/PYOtherExpensesAmt0433858
IRS990/PYOtherRevenueAmt0160222
IRS990/PYProgramServiceRevenueAmt0398722
IRS990/PYRevenuesLessExpensesAmt08232
IRS990/PYSalariesCompEmpBnftPaidAmt0549556
IRS990/PYTotalExpensesAmt0983414
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0991646
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-118856
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08700
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120324
IRS990/SavingsAndTempCashInvstGrp/EOYAmt080881
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0101799
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0749499
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0851298
IRS990ScheduleD/EquipmentGrp/BookValueAmt067283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0359307
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0426590
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt062941
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062941
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt085318
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0217183
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0302501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION FILES FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0317341
IRS990ScheduleD/TotalLiabilityAmt0500
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FORM 990 IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE OFFICERS OF THE ORGANIZATION. A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO COMPLETE AN CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD PRESIDENT PERFORMS AN ANNUAL REVIEW AND APPROVAL PROCESS FOR OFFICER COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THEIR QUARTERLY MEETINGS ARE OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05083
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07626916
IRS990/TotalAssetsEOYAmt07167938
IRS990/TotalAssetsGrp/BOYAmt07626916
IRS990/TotalAssetsGrp/EOYAmt07167938
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0138465
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/TotalAmt01043529
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029670
IRS990/TotalLiabilitiesEOYAmt023893
IRS990/TotalLiabilitiesGrp/BOYAmt029670
IRS990/TotalLiabilitiesGrp/EOYAmt023893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07597246
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07144045
IRS990/TotalOtherCompensationAmt07399
IRS990/TotalProgramServiceRevenueAmt0398861
IRS990/TotalReportableCompFromOrgAmt054258

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.20$0.07$9.14$1.22$1.31$0.09
2023Summary only. Only limited summary data is available for this year.$9.12$0.15$8.97$1.97$1.30$0.67
2022Summary only. Only limited summary data is available for this year.$8.61$0.11$8.50$1.49$1.24$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.80$0.10$9.70$1.76$1.18$0.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.65$0.17$8.49$1.54$1.01$0.53
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$0.04$7.94$1.33$1.12$0.21
2018Detailed filing. Detailed filing data is available for this year.$7.17$0.02$7.14$0.92$1.04$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.17$0.02$7.14$0.92$1.04$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.63$0.03$7.60$0.99$0.98$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.18$0.03$7.15$0.95$0.90$0.05
2015Detailed filing. Detailed filing data is available for this year.$6.75$0.03$6.72$1.50$0.94$0.55
2014Summary only. Only limited summary data is available for this year.$6.93$0.04$6.89$0.90$0.96$0.06
2013Summary only. Only limited summary data is available for this year.$6.83$0.03$6.80$0.96$0.86$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$0.01$6.27$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$0.02$5.96$0.77