Civic Intelligence

Trustees of the Graceland Cemetery Improvement Fd

EIN 36-2047040 • 501(c)13 • Chicago, IL

Profile

Provides perpetual maintenance and preservation of the graceland cemetery located in chicago, illinois.

4001 North Clark StreetChicago, IL 60613-1903

www.gracelandcemetery.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.11x

Higher debt load relative to revenue than 33% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Net Margin

24th percentile

-3.1%

Higher net margin than 24% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$50M-$100M nonprofits • Source year 2024

Asset Growth

40th percentile

3.1%

Faster asset growth than 40% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

13%

Faster revenue growth than 58% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$68,469,776

Up $2,073,939 (+3.1%) from 2023

Liabilities

Down

$335,493

Down $156,972 (-32%) from 2023

Net Assets

Up

$68,134,283

Up $2,230,911 (+3.4%) from 2023

Revenue

Up

$2,974,638

Up $342,469 (+13%) from 2023

Expenses

Up

$3,065,856

Up $67,171 (+2.2%) from 2023

Net Income

Up

-$91,218

Up $275,298 (+75%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2013: $43,184,122Liabilities 2013: $135,693Net Assets 2013: $43,048,4292013Assets 2014: $44,831,125Liabilities 2014: $60,844Net Assets 2014: $44,770,2812014Assets 2015: $44,462,397Liabilities 2015: $37,390Net Assets 2015: $44,425,0072015Assets 2016: $44,658,702Liabilities 2016: $25,327Net Assets 2016: $44,633,3752016Assets 2017: $50,284,341Liabilities 2017: $316,862Net Assets 2017: $49,967,4792017Assets 2018: $49,470,185Liabilities 2018: $54,914Net Assets 2018: $49,415,2712018Assets 2019: $54,411,341Liabilities 2019: $44,821Net Assets 2019: $54,366,5202019Assets 2020: $64,598,740Liabilities 2020: $121,468Net Assets 2020: $64,477,2722020Assets 2021: $74,360,927Liabilities 2021: $319,390Net Assets 2021: $74,041,5372021Assets 2022: $63,239,487Liabilities 2022: $235,065Net Assets 2022: $63,004,4222022Assets 2023: $66,395,837Liabilities 2023: $492,465Net Assets 2023: $65,903,3722023Assets 2024: $68,469,776Liabilities 2024: $335,493Net Assets 2024: $68,134,2832024

Highlighted filing

2024

Assets$68,469,776
Liabilities$335,493
Net Assets$68,134,283

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $3,021,295Expenses 2013: $1,919,592Net Income 2013: $1,101,7032013Revenue 2014: $3,067,042Expenses 2014: $2,054,478Net Income 2014: $1,012,5642014Revenue 2015: $2,658,524Expenses 2015: $1,932,612Net Income 2015: $725,9122015Revenue 2016: $913,545Expenses 2016: $1,915,869Net Income 2016: -$1,002,3242016Revenue 2017: $2,856,743Expenses 2017: $1,874,480Net Income 2017: $982,2632017Revenue 2018: $2,571,238Expenses 2018: $1,910,539Net Income 2018: $660,6992018Revenue 2019: $1,727,189Expenses 2019: $2,072,248Net Income 2019: -$345,0592019Revenue 2020: $3,017,542Expenses 2020: $2,254,975Net Income 2020: $762,5672020Revenue 2021: $6,555,672Expenses 2021: $2,435,323Net Income 2021: $4,120,3492021Revenue 2022: $4,130,200Expenses 2022: $2,650,651Net Income 2022: $1,479,5492022Revenue 2023: $2,632,169Expenses 2023: $2,998,685Net Income 2023: -$366,5162023Revenue 2024: $2,974,638Expenses 2024: $3,065,856Net Income 2024: -$91,2182024

Highlighted filing

2024

Revenue$2,974,638
Expenses$3,065,856
Net Income-$91,218

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$3,841,494
Mission and Program Overview

Mission

Provides perpetual maintenance and preservation of the graceland cemetery located in chicago, illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$51,720,741$53,890,046▲ $2,169,305
Land, Buildings, and Equipment, Net$9,950,241$9,622,183▼ $328,058
Savings and Temporary Cash Investments$4,441,485$4,201,738▼ $239,747
Accounts Receivable$43,464$351,496▲ $308,032
Prepaid Expenses and Deferred Charges$63,672$237,873▲ $174,201
Inventories for Sale or Use$176,034$166,240▼ $9,794
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$66,395,837$68,469,776▲ $2,073,939
Liabilities
Accounts Payable and Accrued Expenses$492,465$335,493▼ $156,972
Total Liabilities$492,465$335,493▼ $156,972
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$65,903,372$68,134,283▲ $2,230,911
Total Net Assets Fund Balance$65,903,372$68,134,283▲ $2,230,911
Total Liabilities and Net Assets / Fund Balance$66,395,837$68,469,776▲ $2,073,939

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,773,962$3,868,963$10,642,925
Buildings$2,653,511$3,306,486$5,959,997
Equipment$194,710$643,491$838,201
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
Mariani LandscapeMaintenance300 Rockland Rd, Lake Bluff, IL 60044$568,969
Gresham Partners LLCInvestment Mngmt333 W Wacker Dr, Chicago, IL 60613$267,801
Bartlett Tree ExpertsTree Maintenance1290 E Main St Ste 2, Stamford, CT 06902$210,170
Midwest Fence CorporationFence work900 N Kedzie Ave, Chicago, IL 60651-4187$162,546
Sloane Strategic ServicesCemetery Mngmt9830 Giaveno Cir Unit 1633, Naples, FL 34113$156,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$211,071
Investment Income
$1,924,513
Other Revenue
$839,054
Change in Net Assets
$-91,218

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,974,638
Revenue Not Reported on Form 990
$2,322,129
Total Revenue per Audited Statements
$5,296,767
Total Revenue per Form 990
$2,974,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,413,167
Salaries, Compensation, and Employee Benefits$652,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$664,898
Other Salaries and Wages---$485,635
Depreciation Depletion---$425,625
Fees for Service Investment Mgmnt Fees---$267,801
All Other Expenses---$152,012
Fees for Services Management---$144,000
Other Employee Benefits---$83,784
Insurance---$80,759
Advertising---$77,822
Other Expenses$69,723--$69,723
Fees for Services Accounting---$66,400
Pension Plan Contributions---$43,870
Payroll Taxes---$39,400
Occupancy---$34,586
Office Expenses---$15,038
Fees for Services Legal---$252
Total Functional Expenses$0$0$0$3,065,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,065,856
Total Expenses per Audited Statements$3,065,856
Total Expenses per Form 990$3,065,856
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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 governing body review Part VI line 11

The organization does not provide form 990 to all members of the organizationss governing board before it is filed. The form 990 is reviewed by the president and treasurer of the organization before it is filed. The board of trustees review the annual audit from which the information to prepare the form 990 is obtained.

Conflict of interest policy compliance Part VI line 12C

The organization has an outside consultant who monitors the conflict of interest policy.

CEO executive director top management comp Part VI line 15A

The organization uses an outside consultant who works with multiple cemeteries and the organization uses the consultant as an expert in this industry. The consultant provides recommendations about salaries based upon his experience with other cemeteries.

Other officer or key employee compensation Part VI line 15B

The organization uses an outside consultant who works with multiple cemeteries and the organization uses the consultant as an expert in this industry. The consultant provides recommendations about salaries based upon his experience with other cemeteries.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public. The documents are available at the organizations office.

Filing and Contact Details

Filer

Filer Name
Trustees of the Graceland Cemetery Improvement Fd
EIN
36-2047040
In Care Of
% Lawrence F Sloane
Phone
7735251105
Address
4001 North Clark Street, Chicago, IL 60613-1903

Signing Officer

Name
Lawrence F Sloane
Title
Director
Phone
7735251105
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence F Sloane
Formed
1865
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
10

Preparer

Firm
Karpus Scott & Company Pc
Address
51541 VAN DYKE AVENUE, SHELBY TOWNSHIP, MI 48316
Preparer
David a Brunning CPA
Phone
5869910173
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Grounds maintenance contractor $392,268 contracted labor - other $182,021 landscape design services $ 68,965 grounds security $ 15,565 payroll service $ 6,079

Financial Statement Notes

Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)

Graceland has adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determinaton of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, graceland may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based upon the technical merits of the position. As of december 31, 2024, there were no unrecognized tax benefits identified or recorded as liabilities.

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IRS990/MissionDesc0PROVIDES PERPETUAL MAINTENANCE AND PRESERVATION OF THE GRACELAND CEMETERY LOCATED IN CHICAGO, ILLINOIS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GRACELAND HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATON OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, GRACELAND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. AS OF DECEMBER 31, 2024, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT PROVIDE FORM 990 TO ALL MEMBERS OF THE ORGANIZATIONSS GOVERNING BOARD BEFORE IT IS FILED. THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE ORGANIZATION BEFORE IT IS FILED. THE BOARD OF TRUSTEES REVIEW THE ANNUAL AUDIT FROM WHICH THE INFORMATION TO PREPARE THE FORM 990 IS OBTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS AN OUTSIDE CONSULTANT WHO MONITORS THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION USES AN OUTSIDE CONSULTANT WHO WORKS WITH MULTIPLE CEMETERIES AND THE ORGANIZATION USES THE CONSULTANT AS AN EXPERT IN THIS INDUSTRY. THE CONSULTANT PROVIDES RECOMMENDATIONS ABOUT SALARIES BASED UPON HIS EXPERIENCE WITH OTHER CEMETERIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION USES AN OUTSIDE CONSULTANT WHO WORKS WITH MULTIPLE CEMETERIES AND THE ORGANIZATION USES THE CONSULTANT AS AN EXPERT IN THIS INDUSTRY. THE CONSULTANT PROVIDES RECOMMENDATIONS ABOUT SALARIES BASED UPON HIS EXPERIENCE WITH OTHER CEMETERIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATIONS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GROUNDS MAINTENANCE CONTRACTOR $392,268 CONTRACTED LABOR - OTHER $182,021 LANDSCAPE DESIGN SERVICES $ 68,965 GROUNDS SECURITY $ 15,565 PAYROLL SERVICE $ 6,079
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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