Civic Intelligence

Magnolia Cemetery Trust

990 • Fiscal year 2015 • EIN 57-0202745

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 18, 2016

1525 Sam Rittenberg BlvdCharleston, SC 29407

(843) 571-4550

Siviq Scores

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

Liabilities / Assets

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.07x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2015

Net Margin

10th percentile

-34%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

94th percentile

$83,315

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

2015 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2015

Asset Growth

31st percentile

-2.1%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)13 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

10th percentile

-47%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)13 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,179,859

Down $88,561 (-2.1%) from 2014

Net Assets

Down

$4,154,646

Down $100,771 (-2.4%) from 2014

Liabilities

Up

$25,213

Up $12,210 (+94%) from 2014

Revenue

Down

$339,625

Down $303,149 (-47%) from 2014

Expenses

Up

$454,348

Up $34,932 (+8.3%) from 2014

Net Income

Down

-$114,723

Down $338,081 (-151%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,063,448Liabilities 2010: $16,075Net Assets 2010: $4,047,3732010Assets 2011: $3,907,737Liabilities 2011: $38,893Net Assets 2011: $3,868,8442011Assets 2012: $4,288,182Liabilities 2012: $36,806Net Assets 2012: $4,251,3762012Assets 2013: $3,985,659Liabilities 2013: $36,043Net Assets 2013: $3,949,6162013Assets 2014: $4,268,420Liabilities 2014: $13,003Net Assets 2014: $4,255,4172014Assets 2015: $4,179,859Liabilities 2015: $25,213Net Assets 2015: $4,154,6462015Assets 2016: $4,220,394Liabilities 2016: $51,380Net Assets 2016: $4,169,0142016Assets 2017: $4,311,107Liabilities 2017: $28,210Net Assets 2017: $4,282,8972017Assets 2018: $4,441,039Liabilities 2018: $21,147Net Assets 2018: $4,419,8922018Assets 2019: $4,534,161Liabilities 2019: $112,530Net Assets 2019: $4,421,6312019Assets 2020: $4,577,889Liabilities 2020: $63,204Net Assets 2020: $4,514,6852020Assets 2021: $5,170,240Liabilities 2021: $527,604Net Assets 2021: $4,642,6362021Assets 2022: $5,727,972Liabilities 2022: $526,694Net Assets 2022: $5,201,2782022Assets 2023: $5,667,799Liabilities 2023: $509,328Net Assets 2023: $5,158,4712023Assets 2024: $7,111,962Liabilities 2024: $504,481Net Assets 2024: $6,607,4812024

Highlighted filing

2015

Assets$4,179,859
Liabilities$25,213
Net Assets$4,154,646

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $379,9532010Expenses 2011: $380,5862011Expenses 2012: $396,8182012Revenue 2013: $440,514Expenses 2013: $402,966Net Income 2013: $37,5482013Revenue 2014: $642,774Expenses 2014: $419,416Net Income 2014: $223,3582014Revenue 2015: $339,625Expenses 2015: $454,348Net Income 2015: -$114,7232015Revenue 2016: $480,470Expenses 2016: $447,939Net Income 2016: $32,5312016Revenue 2017: $535,633Expenses 2017: $450,819Net Income 2017: $84,8142017Revenue 2018: $524,700Expenses 2018: $469,986Net Income 2018: $54,7142018Revenue 2019: $415,349Expenses 2019: $449,486Net Income 2019: -$34,1372019Revenue 2020: $475,329Expenses 2020: $422,644Net Income 2020: $52,6852020Revenue 2021: $461,047Expenses 2021: $517,815Net Income 2021: -$56,7682021Revenue 2022: $357,482Expenses 2022: $544,156Net Income 2022: -$186,6742022Revenue 2023: $422,706Expenses 2023: $533,890Net Income 2023: -$111,1842023Revenue 2024: $498,873Expenses 2024: $571,480Net Income 2024: -$72,6072024

Highlighted filing

2015

Revenue$339,625
Expenses$454,348
Net Income-$114,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 18, 2016
Return Version
2015v2.0
Gross Receipts
$339,625
Mission and Program Overview

Mission

CEMETERY

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,026,847$3,725,981▲ $2,699,134
Investments in Publicly Traded Securities$2,758,788$0▼ $2,758,788
Land, Buildings, and Equipment, Net$241,134$228,038▼ $13,096
Inventories for Sale or Use$155,054$154,871▼ $183
Cash and Non-Interest-Bearing Accounts$48,681$46,626▼ $2,055
Accounts Receivable$29,567$15,994▼ $13,573
Prepaid Expenses and Deferred Charges$8,349$8,349→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$4,268,420$4,179,859▼ $88,561
Other Assets Total-$0-
Liabilities
Other Liabilities$7,405$18,541▲ $11,136
Accounts Payable and Accrued Expenses$5,598$6,672▲ $1,074
Total Liabilities$13,003$25,213▲ $12,210
Net Assets / Fund Balance
Unrestricted Net Assets$1,710,719$4,154,646▲ $2,443,927
Temporarily Rstr Net Assets$2,544,698--
Total Net Assets Fund Balance$4,255,417$4,154,646▼ $100,771
Total Liabilities and Net Assets / Fund Balance$4,268,420$4,179,859▼ $88,561

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$195,508$180,661$376,169
Leasehold Improvements$1,216$262,353$263,569
Equipment$29,975$102,333$132,308
Other Land Buildings$1,338$20,375$21,713
Land$1-$1
Compensation and Service Providers

Employees

NameTitleBaseTotal
Beverly M DonaldSupervisor$83,315$83,315
Revenue and Support

Revenue Composition

Contributions and Grants
$22,619
Program Service Revenue
$153,033
Investment Income
$163,973
Other Revenue
$0
All Other Contributions
$22,619
Change in Net Assets
$-114,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,923
Salaries, Compensation, and Employee Benefits$209,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$83,315
Other Salaries and Wages$50,245$27,055-$77,300
Depreciation Depletion$23,087$12,432-$35,519
Other Employee Benefits$20,681$11,136-$31,817
All Other Expenses$17,940$9,658-$27,598
Insurance$17,843$9,608-$27,451
Fees for Service Investment Mgmnt Fees$8,747$4,710-$13,457
Payroll Taxes$8,113$4,369-$12,482
Fees for Services Accounting$4,680$2,520-$7,200
Other Expenses$3,660$1,970-$5,630
Pension Plan Contributions$2,932$1,579-$4,511
Office Expenses$1,962$1,056-$3,018
Advertising$172$93-$265
Total Functional Expenses$241,173$129,860$0$454,348
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due Funds$18,541
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Magnolia Cemetery Trust
EIN
57-0202745
Phone
8435714550
Address
1525 Sam Rittenberg Blvd, Charleston, SC 29407

Signing Officer

Name
William H Jarrard CPA
Title
Treasurer
Signed
2016-07-18
Discuss with paid preparer
Yes

Organization Details

Formed
1954
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
0
Employees
6

Preparer

Firm
Jarrard Nowell & Russell LLC
Address
975 MORRISON DR, CHARLESTON, SC 29403-4270
Preparer
Doris Rentz
Phone
8437232768
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

MARKET VALUE = $59116

Other Changes In Net Assets Or Fund Balances - Other Increases

Released from restriction = $240000

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IRS990/LandBldgEquipCostOrOtherBssAmt0793760
IRS990/LegalDomicileStateCd0SC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0CEMETERY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04255417
IRS990/NetAssetsOrFundBalancesEOYAmt04154646
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3417
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3417
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-285164
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01056
IRS990/OfficeExpensesGrp/ProgramServicesAmt01962
IRS990/OfficeExpensesGrp/TotalAmt03018
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0299116
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011136
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt020681
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031817
IRS990/OtherExpensesGrp/Desc0Contract Labor
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Memorial Fund Expense
IRS990/OtherExpensesGrp/Desc3Gasoline & OIl
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt037402
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13567
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22705
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31970
IRS990/OtherExpensesGrp/ProgramServicesAmt069461
IRS990/OtherExpensesGrp/ProgramServicesAmt16625
IRS990/OtherExpensesGrp/ProgramServicesAmt25025
IRS990/OtherExpensesGrp/ProgramServicesAmt33660
IRS990/OtherExpensesGrp/TotalAmt0106863
IRS990/OtherExpensesGrp/TotalAmt110192
IRS990/OtherExpensesGrp/TotalAmt27730
IRS990/OtherExpensesGrp/TotalAmt35630
IRS990/OtherLiabilitiesGrp/BOYAmt07405
IRS990/OtherLiabilitiesGrp/EOYAmt018541
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027055
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt050245
IRS990/OtherSalariesAndWagesGrp/TotalAmt077300
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04369
IRS990/PayrollTaxesGrp/ProgramServicesAmt08113
IRS990/PayrollTaxesGrp/TotalAmt012482
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01579
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02932
IRS990/PensionPlanContributionsGrp/TotalAmt04511
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08349
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08349
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Burial Fees & Services
IRS990/ProgramServiceRevenueGrp/Desc1Crypt Sales
IRS990/ProgramServiceRevenueGrp/Desc2Lot Sales
IRS990/ProgramServiceRevenueGrp/Desc3Stone & Lot Cleaning
IRS990/ProgramServiceRevenueGrp/Desc4Title Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043410
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt299750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043410
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt299750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4900
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt020772
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0455174
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0227284
IRS990/PYProgramServiceRevenueAmt0166828
IRS990/PYRevenuesLessExpensesAmt0223358
IRS990/PYSalariesCompEmpBnftPaidAmt0192132
IRS990/PYTotalExpensesAmt0419416
IRS990/PYTotalRevenueAmt0642774
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-114723
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01026847
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03725981
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0195508
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0180661
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0376169
IRS990ScheduleD/EquipmentGrp/BookValueAmt029975
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0102333
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132308
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01216
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0262353
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0263569
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01338
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020375
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due Funds
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0228038
IRS990ScheduleD/TotalLiabilityAmt018541
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MARKET VALUE = $59116
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RELEASED FROM RESTRICTION = $240000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.11$0.50$6.61$0.50$0.57$0.07
2023Detailed filing. Detailed filing data is available for this year.$5.67$0.51$5.16$0.42$0.53$0.11
2022Detailed filing. Detailed filing data is available for this year.$5.73$0.53$5.20$0.36$0.54$0.19
2021Detailed filing. Detailed filing data is available for this year.$5.17$0.53$4.64$0.46$0.52$0.06
2020Detailed filing. Detailed filing data is available for this year.$4.58$0.06$4.51$0.48$0.42$0.05
2019Detailed filing. Detailed filing data is available for this year.$4.53$0.11$4.42$0.42$0.45$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.44$0.02$4.42$0.52$0.47$0.05
2017Detailed filing. Detailed filing data is available for this year.$4.31$0.03$4.28$0.54$0.45$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.22$0.05$4.17$0.48$0.45$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.18$0.03$4.15$0.34$0.45$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.27$0.01$4.26$0.64$0.42$0.22
2013Detailed filing. Detailed filing data is available for this year.$3.99$0.04$3.95$0.44$0.40$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.04$4.25$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$0.04$3.87$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$0.02$4.05$0.38
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)13 • $1M-$5M nonprofits