Civic Intelligence

Magnolia Cemetery Trust

990 • Fiscal year 2020 • EIN 57-0202745

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 22, 2021

P O Box 22873Charleston, SC 29413-2873

(843) 722-8638

Siviq Scores

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

Liabilities / Assets

74th percentile

0.01x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.13x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2020

Net Margin

35th percentile

11%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$87,276

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2020 filings • 501(c)13 • $1M-$5M nonprofits • Source year 2020

Asset Growth

30th percentile

1.0%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)13 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

14%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)13 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,577,889

Up $43,728 (+1.0%) from 2019

Net Assets

Up

$4,514,685

Up $93,054 (+2.1%) from 2019

Liabilities

Down

$63,204

Down $49,326 (-44%) from 2019

Revenue

Up

$475,329

Up $59,980 (+14%) from 2019

Expenses

Down

$422,644

Down $26,842 (-6.0%) from 2019

Net Income

Up

$52,685

Up $86,822 (+254%) from 2019

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

2020

Assets$4,577,889
Liabilities$63,204
Net Assets$4,514,685

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

2020

Revenue$475,329
Expenses$422,644
Net Income$52,685
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 22, 2021
Return Version
2020v4.0
Gross Receipts
$1,061,126
Mission and Program Overview

Mission

CEMETERY

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,742,811$3,563,635▼ $179,176
Land, Buildings, and Equipment, Net$163,210$169,162▲ $5,952
Cash and Non-Interest-Bearing Accounts$86,116$156,660▲ $70,544
Inventories for Sale or Use$143,704$142,972▼ $732
Accounts Receivable$69,800$55,443▼ $14,357
Prepaid Expenses and Deferred Charges$8,349$8,349→ $0
Total Assets$4,534,161$4,577,889▲ $43,728
Other Assets Total$320,171$481,668▲ $161,497
Liabilities
Unsecured Notes Loans Payable$91,638$43,500▼ $48,138
Other Liabilities$20,892$19,085▼ $1,807
Accounts Payable and Accrued Expenses-$619-
Total Liabilities$112,530$63,204▼ $49,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,421,631$4,514,685▲ $93,054
Total Net Assets Fund Balance$4,421,631$4,514,685▲ $93,054
Total Liabilities and Net Assets / Fund Balance$4,534,161$4,577,889▲ $43,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$103,774$356,363$460,137
Leasehold Improvements$51,079$146,436$197,515
Equipment$14,309$119,823$134,132
Other Land Buildings-$14,976$14,976
Other Assets Org$481,668--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beverly M DonaldSecretary ofFT$87,276$87,276
Revenue and Support

Revenue Composition

Contributions and Grants
$174,225
Program Service Revenue
$198,420
Investment Income
$102,684
Other Revenue
$0
All Other Contributions
$174,225
Change in Net Assets
$52,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$229,495
Other Expenses$193,149
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$62,658$33,739-$96,397
Current Officers, Directors, Trustees, and Key Employees$56,729$30,547-$87,276
Insurance$23,352$12,574-$35,926
All Other Expenses$18,289$9,849-$28,138
Other Employee Benefits$17,181$9,252-$26,433
Fees for Service Investment Mgmnt Fees$10,497$5,652-$16,149
Depreciation Depletion$15,858--$15,858
Payroll Taxes$9,447$5,087-$14,534
Other Expenses$5,670$3,053-$8,723
Interest$4,750$2,558-$7,308
Fees for Services Accounting$4,680$2,520-$7,200
Pension Plan Contributions$3,156$1,699-$4,855
Office Expenses$2,228$1,199-$3,427
Total Functional Expenses$280,269$142,375$0$422,644
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
Due Funds$17,872
Payroll$1,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Magnolia Cemetery Trust
EIN
57-0202745
Phone
8437228638
Address
P O BOX 22873, CHARLESTON, SC 29413-2873

Signing Officer

Name
Beverly M Donald
Title
Secretary of Board
Phone
8435691400
Signed
2021-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beverly M Donald
Formed
1954
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
7

Preparer

Firm
Jarrard Nowell & Russell LLC
Address
975 MORRISON DR, CHARLESTON, SC 29403
Preparer
William H Jarrard
Phone
8437232768
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Other nonprofit cemetery companies and crematoria must be chartered solely for the purposes of burial or cremation. They cannot be permitted by their charters to engage in any business not necessarily incident to that purpose. 4.76.21.3.1 (08-09-2006)

Form 990, Part XI, Line 9

OTHER INCREASES 40,369

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IRS990/ProgramServiceRevenueGrp/Desc1BURIAL FEES
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE PROCEED
IRS990/ProgramServiceRevenueGrp/Desc3CRYPT SALES
IRS990/ProgramServiceRevenueGrp/Desc4STONE & LOT CLEANING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt086100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246937
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt086100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42680
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER NONPROFIT CEMETERY COMPANIES AND CREMATORIA MUST BE CHARTERED SOLELY FOR THE PURPOSES OF BURIAL OR CREMATION. THEY CANNOT BE PERMITTED BY THEIR CHARTERS TO ENGAGE IN ANY BUSINESS NOT NECESSARILY INCIDENT TO THAT PURPOSE. 4.76.21.3.1 (08-09-2006)
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt064184
IRS990/PYInvestmentIncomeAmt0188811
IRS990/PYOtherExpensesAmt0183309
IRS990/PYProgramServiceRevenueAmt0162354
IRS990/PYRevenuesLessExpensesAmt0-34137
IRS990/PYSalariesCompEmpBnftPaidAmt0266177
IRS990/PYTotalExpensesAmt0449486
IRS990/PYTotalRevenueAmt0415349
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt052685
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0198420
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03742811
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03563635
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0103774
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0356363
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0460137
IRS990ScheduleD/EquipmentGrp/BookValueAmt014309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119823
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134132
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051079
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0146436
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0197515
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0481668
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014976
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0169162
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0481668
IRS990ScheduleD/TotalLiabilityAmt019085
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER NONPROFIT CEMETERY COMPANIES AND CREMATORIA MUST BE CHARTERED SOLELY FOR THE PURPOSES OF BURIAL OR CREMATION. THEY CANNOT BE PERMITTED BY THEIR CHARTERS TO ENGAGE IN ANY BUSINESS NOT NECESSARILY INCIDENT TO THAT PURPOSE. 4.76.21.3.1 (08-09-2006)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER INCREASES 40,369
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04534161
IRS990/TotalAssetsEOYAmt04577889
IRS990/TotalAssetsGrp/BOYAmt04534161
IRS990/TotalAssetsGrp/EOYAmt04577889
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0174225
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0142375
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280269
IRS990/TotalFunctionalExpensesGrp/TotalAmt0422644
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0112530
IRS990/TotalLiabilitiesEOYAmt063204
IRS990/TotalLiabilitiesGrp/BOYAmt0112530
IRS990/TotalLiabilitiesGrp/EOYAmt063204
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04421631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04514685
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02503
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02503
IRS990/TotalProgramServiceExpensesAmt0280269
IRS990/TotalProgramServiceRevenueAmt0198420
IRS990/TotalReportableCompFromOrgAmt087276
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301104
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475329
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04534161
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04577889
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt091638
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt043500
IRS990/USAddress/AddressLine1Txt0P O BOX 22873
IRS990/USAddress/CityNm0CHARLESTON
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029401
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEVERLY M DONALD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY OF BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum08435691400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA CEMETERY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0570202745
ReturnHeader/Filer/PhoneNum08437228638
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 22873
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd0294132873
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202078804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JARRARD NOWELL & RUSSELL LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0975 MORRISON DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029403
ReturnHeader/PreparerPersonGrp/PhoneNum08437232768
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM H JARRARD
ReturnHeader/ReturnTs02021-11-22T12:28:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BEVERLY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DONALD

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.$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