Civic Intelligence

Clover Leaf Park Cemetery Association C/O Stonemor Partners LP

990 • Fiscal year 2014 • EIN 22-0827940

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

311 Veterans Highway Suite BLevittown, PA 19056

(215) 826-2800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.47x

Higher debt load relative to assets than 66% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

6.90x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Source year 2014

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$2,092,950

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 45.6% of source-year revenue.

2014 filings • $50M-$100M nonprofits • Source year 2014

Asset Growth

38th percentile

2.1%

Faster asset growth than 38% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

24th percentile

-4.2%

Faster revenue growth than 24% of similar nonprofits.

2014 filings • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$67,771,668

Up $1,397,421 (+2.1%) from 2013

Net Assets

Up

$36,070,673

Up $660,053 (+1.9%) from 2013

Liabilities

Up

$31,700,995

Up $737,368 (+2.4%) from 2013

Revenue

Down

$4,592,931

Down $200,832 (-4.2%) from 2013

Expenses

Up

$3,932,878

Up $44,649 (+1.1%) from 2013

Net Income

Down

$660,053

Down $245,481 (-27%) from 2013

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $46,709,890Liabilities 2010: $14,268,690Net Assets 2010: $32,441,2002010Assets 2011: $60,489,506Liabilities 2011: $26,217,654Net Assets 2011: $34,271,8522011Assets 2012: $62,214,979Liabilities 2012: $27,709,893Net Assets 2012: $34,505,0862012Assets 2013: $66,374,247Liabilities 2013: $30,963,627Net Assets 2013: $35,410,6202013Assets 2014: $67,771,668Liabilities 2014: $31,700,995Net Assets 2014: $36,070,6732014Assets 2015: $65,055,617Liabilities 2015: $28,935,516Net Assets 2015: $36,120,1012015Assets 2016: $62,201,194Liabilities 2016: $25,225,854Net Assets 2016: $36,975,3402016Assets 2017: $62,917,585Liabilities 2017: $25,796,340Net Assets 2017: $37,121,2452017Assets 2018: $61,169,228Liabilities 2018: $23,798,213Net Assets 2018: $37,371,0152018Assets 2019: $62,229,010Liabilities 2019: $24,994,782Net Assets 2019: $37,234,2282019Assets 2020: $61,853,562Liabilities 2020: $24,603,839Net Assets 2020: $37,249,7232020Assets 2021: $64,984,300Liabilities 2021: $27,117,906Net Assets 2021: $37,866,3942021Assets 2022: $67,401,170Liabilities 2022: $29,252,464Net Assets 2022: $38,148,7062022Assets 2023: $66,212,451Liabilities 2023: $29,156,921Net Assets 2023: $37,055,5302023Assets 2024: $66,419,044Liabilities 2024: $30,333,034Net Assets 2024: $36,086,0102024

Highlighted filing

2014

Assets$67,771,668
Liabilities$31,700,995
Net Assets$36,070,673

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,286,1082010Expenses 2011: $3,735,5392011Expenses 2012: $4,456,0842012Revenue 2013: $4,793,763Expenses 2013: $3,888,229Net Income 2013: $905,5342013Revenue 2014: $4,592,931Expenses 2014: $3,932,878Net Income 2014: $660,0532014Revenue 2015: $4,341,635Expenses 2015: $4,292,207Net Income 2015: $49,4282015Revenue 2016: $5,183,938Expenses 2016: $4,328,699Net Income 2016: $855,2392016Revenue 2017: $4,664,128Expenses 2017: $4,518,223Net Income 2017: $145,9052017Revenue 2018: $4,498,800Expenses 2018: $4,249,030Net Income 2018: $249,7702018Revenue 2019: $3,237,746Expenses 2019: $3,374,533Net Income 2019: -$136,7872019Revenue 2020: $4,917,198Expenses 2020: $4,901,703Net Income 2020: $15,4952020Revenue 2021: $5,847,468Expenses 2021: $5,230,797Net Income 2021: $616,6712021Revenue 2022: $5,245,094Expenses 2022: $4,962,782Net Income 2022: $282,3122022Revenue 2023: $5,230,837Expenses 2023: $6,324,013Net Income 2023: -$1,093,1762023Revenue 2024: $6,829,420Expenses 2024: $7,798,940Net Income 2024: -$969,5202024

Highlighted filing

2014

Revenue$4,592,931
Expenses$3,932,878
Net Income$660,053
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$4,749,375
Mission and Program Overview

Mission

Cemetery operations - sales of graves and crypts, maintenance of crypts and grave markers, internments and entombments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$26,820,026$26,820,027▲ $1
Rtn Earn Endowment Incm Other Fnds$8,590,594$9,250,646▲ $660,052
Prepaid Expenses and Deferred Charges$6,121,598$6,307,995▲ $186,397
Accounts Receivable$2,774,913$2,803,609▲ $28,696
Land, Buildings, and Equipment, Net$469,078$561,989▲ $92,911
Cash and Non-Interest-Bearing Accounts$419,938$211,582▼ $208,356
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$66,374,247$67,771,668▲ $1,397,421
Other Assets Total$56,588,720$57,886,493▲ $1,297,773
Liabilities
Other Liabilities$23,645,859$24,353,186▲ $707,327
Accounts Payable and Accrued Expenses$3,811,915$3,810,343▼ $1,572
Deferred Revenue$3,505,853$3,537,466▲ $31,613
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$30,963,627$31,700,995▲ $737,368
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,410,620$36,070,673▲ $660,053
Total Liabilities and Net Assets / Fund Balance$66,374,247$67,771,668▲ $1,397,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$433,869$286,094-
Other Land Buildings$65,470$165,961-
Equipment$8,660$43,289-
Leasehold Improvements$53,990$225,317-
Other Assets Org$25,395,434--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
William ShaneFormer Tres/evp/asst Sec/CFO-$1,519,450$1,519,450
Philippa LeungField Sales Manager-$621,003$621,003
Timothy YostTreas,exec VP Asst Sec,CHF, TrPT$533,750$533,750
Ken Lee JrVP of Funeral Home OperationsPT$432,930$432,930
Filippo ZambitoField Sales Manager-$390,586$390,586
Passefun HafizField Sales Manager-$337,016$337,016
David MeyersChief Operations OfficerPT$300,000$300,000
David ShanteauRegional Exec Mngr Oper-$295,637$295,637
Gregg StromVice President/trusteePT$283,000$283,000
Raymond SmithVP of MarketingPT$267,405$267,405
Alan FisherVP of Maintenance/constructionPT$244,400$244,400
James LentzVP Regional Sales-east RegionPT$243,208$243,208
Vaughn GiwaVP Regional Sales-west Region-$235,000$235,000
Frank MillesSecretary and VP/trusteePT$219,225$219,225
Jeffrey BisonetteVP of Information TechnologyPT$208,802$208,802
Penelope CasseyVP Human Resources-$180,685$180,685
Ruth NikolaAssistant Secretary/trusteePT$127,928$127,928
Michael L StachePresident/trusteePT$23,938$23,938

Board Members and Trustees

NameTitle
Michael L StacheVice President/trustee
Gregg StromSecretary and VP/trustee
Paul WaimbergTreasurer, Asst Sec/VP/trustee
Elizabeth D SampathTrustee
David Meyers-
Filippo Zambito-
Passefun Hafiz-
Philippa Leung-
William Shane-
Lawrence MillerAssistant Secretary
Penelope CasseyChief Operations Officer
David ShanteauField Sales Manager
James LentzField Sales Manager
Kenneth NikolaField Sales Manager
Vaughn GiwaField Sales Manager
Judith BinesFormer Tres/evp/asst Sec/CFO
Alan FisherRegional Exec Mngr Oper
Paul WaimbergTreas,exec VP Asst Sec,CHF, Tr
Ken Lee JrVP Human Resources
Elizabeth D SampathVP of Funeral Home Operations
Ruth NikolaVP of Information Technology
Raymond SmithVP of Maintenance/construction
Frank MillesVP of Marketing
Jeffrey BisonetteVP Regional Sales-east Region
Timothy YostVP Regional Sales-west Region
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,221,514
Investment Income
$0
Other Revenue
$1,371,417
Change in Net Assets
$660,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,652,675
Salaries, Compensation, and Employee Benefits$1,280,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,506,911--$1,506,911
Other Salaries and Wages$1,034,696--$1,034,696
Other Expenses$321,670--$321,670
Occupancy$319,464--$319,464
Other Employee Benefits$169,001--$169,001
All Other Expenses$136,451--$136,451
Payroll Taxes$76,506--$76,506
Depreciation Depletion$50,145--$50,145
Advertising$48,143--$48,143
Insurance$40,233--$40,233
Office Expenses$28,991--$28,991
Fees for Services Accounting$8,523--$8,523
Travel$378--$378
Total Functional Expenses$3,932,878$0$0$3,932,878
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pc Trust$24,348,296
Sales Tax$4,890
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Clover Leaf Park Cemetery Association
EIN
22-0827940
In Care Of
% STONEMOR PARTNERS LP
Address
311 VETERANS HIGHWAY SUITE B, LEVITTOWN, PA 19056

Signing Officer

Name
Frank Milles
Title
Vice President
Phone
2158262400
Signed
2015-11-11

Organization Details

Principal Officer
Michael L Stache
Formed
1933
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
0
Employees
12
Supplemental Narrative

Additional Explanations

Form

Mr. Miller and Mr. Shane have ownership interests in a partnership which holds passive investments. Mr. Miller, Mr. Shane, Mr. M Stache, Mr. Strom, Mr. Milles, Mr. Fisher, Mr. Lee and Mr. Bissonette have an ownership interest in partnerships which hold active investments. Ken Nikola and Ruth Nikola are husband and wife.

Form

QUESTION 6 - Owners of interment space have one vote for each grave, crypt and niche owned. -Unknown number. QUESTION 7a - Owners of interment space have one vote for each grave, crypt and niche owned, and an owner of a certificate of indebtedness or interest has one vote per $250 of the principle face amount of the certificate, whenever voting by members is required or permitted. StoneMor Operating LLC owns a certificate of indebtedness in the principle face amount of $325,625. QUESTION 7b - Owners of interment space have one vote for each grave, crypt and niche owned, and an owner of a certificate of indebtedness or interest has one vote per $250 of the principle face amount of the certificate, whenever voting by members is required or permitted. StoneMor Operating LLC owns a certificate of indebtedness in the principle face amount of $325,625.

Form

QUESTION 12a - NO. However, the management company, which employs the officers of this entity does. Those policies are enforced at all levels of the company. QUESTION 15 N/A. Management company which employs the officers, determines their compensation by a Compensation committee using broad industry compensation comparisons. These comparisons were last undertaken in 2007.

Form

QUESTION 1a - Owners of interment space have one vote for each grave, crypt and niche owned, and an owner of a certificate of indebtedness or interest has one vote per $250 of the principle face amount of the certificate, whenever voting by members is required or permitted. StoneMor Operating LLC owns a certificate of indebtedness in the principle face amount of $325,625. QUESTION 1b - Number of independent voting members (part VI line 1b) - Definition below. Owners of interment space have one vote for each grave, crypt and niche owned. -Unknown number.

Part

All state mandated documents, financial statements and disclosures are provided to the Secretary of State of New Jersey's Office, where they are available for review by the public. Additionally, the appropriate documentation is available to the public upon request.

Form

The organization delegates management of its cemetery sales and service processes to Osiris Management, Inc.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF INFORMATION TECHNOLOGY
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IRS990/ProgramServiceRevenueGrp/Desc2SALES OF CEMETARY MERCHANDISE & SVC
IRS990/ProgramServiceRevenueGrp/Desc3INT INC/EXP CERT OF INDEBTNESS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21976559
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.4$30.3$36.1$6.83$7.80$0.97
2023Detailed filing. Detailed filing data is available for this year.$66.2$29.2$37.1$5.23$6.32$1.09
2022Detailed filing. Detailed filing data is available for this year.$67.4$29.3$38.1$5.25$4.96$0.28
2021Detailed filing. Detailed filing data is available for this year.$65.0$27.1$37.9$5.85$5.23$0.62
2020Detailed filing. Detailed filing data is available for this year.$61.9$24.6$37.2$4.92$4.90$0.02
2019Detailed filing. Detailed filing data is available for this year.$62.2$25.0$37.2$3.24$3.37$0.14
2018Detailed filing. Detailed filing data is available for this year.$61.2$23.8$37.4$4.50$4.25$0.25
2017Detailed filing. Detailed filing data is available for this year.$62.9$25.8$37.1$4.66$4.52$0.15
2016Detailed filing. Detailed filing data is available for this year.$62.2$25.2$37.0$5.18$4.33$0.86
2015Detailed filing. Detailed filing data is available for this year.$65.1$28.9$36.1$4.34$4.29$0.05
2014Detailed filing. Detailed filing data is available for this year.$67.8$31.7$36.1$4.59$3.93$0.66
2013Detailed filing. Detailed filing data is available for this year.$66.4$31.0$35.4$4.79$3.89$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.2$27.7$34.5$4.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.5$26.2$34.3$3.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$14.3$32.4$3.29
Peer Organizations

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