Civic Intelligence

Memorial Garden Association Inc

EIN 58-1587872 • 501(c)13 • Concord, NC

Profile

Garden and cemetery maintenance

PO Box 1193Concord, NC 28026

na

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)13 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)13 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

23%

Higher net margin than 46% of similar nonprofits.

501(c)13 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

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

501(c)13 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

1.2%

Faster asset growth than 23% of similar nonprofits.

501(c)13 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-64%

Faster revenue growth than 3% of similar nonprofits.

501(c)13 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,919,024

Up $48,247 (+1.2%) from 2023

Liabilities

Flat

$1,250

Flat from 2023

Net Assets

Up

$3,917,774

Up $48,247 (+1.2%) from 2023

Revenue

Down

$225,657

Down $404,173 (-64%) from 2023

Expenses

Down

$172,825

Down $65,120 (-27%) from 2023

Net Income

Down

$52,832

Down $339,053 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $2,751,184Liabilities 2013: $25,000Net Assets 2013: $2,726,1842013Assets 2014: $2,878,222Liabilities 2014: $26,000Net Assets 2014: $2,852,2222014Assets 2015: $3,011,090Liabilities 2015: $10,268Net Assets 2015: $3,000,8222015Assets 2016: $2,995,118Liabilities 2016: $0Net Assets 2016: $2,995,1182016Assets 2017: $3,056,058Liabilities 2017: $0Net Assets 2017: $3,056,0582017Assets 2018: $3,083,641Liabilities 2018: $0Net Assets 2018: $3,083,6412018Assets 2019: $3,429,214Liabilities 2019: $0Net Assets 2019: $3,429,2142019Assets 2020: $3,357,831Liabilities 2020: $16,445Net Assets 2020: $3,341,3862020Assets 2021: $3,552,230Liabilities 2021: $0Net Assets 2021: $3,552,2302021Assets 2022: $3,478,667Liabilities 2022: $1,250Net Assets 2022: $3,477,4172022Assets 2023: $3,870,777Liabilities 2023: $1,250Net Assets 2023: $3,869,5272023Assets 2024: $3,919,024Liabilities 2024: $1,250Net Assets 2024: $3,917,7742024

Highlighted filing

2024

Assets$3,919,024
Liabilities$1,250
Net Assets$3,917,774

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2013: $173,321Expenses 2013: $143,700Net Income 2013: $29,6212013Revenue 2014: $281,138Expenses 2014: $155,100Net Income 2014: $126,0382014Revenue 2015: $296,631Expenses 2015: $148,031Net Income 2015: $148,6002015Revenue 2016: $126,901Expenses 2016: $132,605Net Income 2016: -$5,7042016Revenue 2017: $207,397Expenses 2017: $146,457Net Income 2017: $60,9402017Revenue 2018: $185,283Expenses 2018: $157,700Net Income 2018: $27,5832018Revenue 2019: $515,915Expenses 2019: $170,342Net Income 2019: $345,5732019Revenue 2020: $106,905Expenses 2020: $194,733Net Income 2020: -$87,8282020Revenue 2021: $506,687Expenses 2021: $295,843Net Income 2021: $210,8442021Revenue 2022: $190,482Expenses 2022: $265,295Net Income 2022: -$74,8132022Revenue 2023: $629,830Expenses 2023: $237,945Net Income 2023: $391,8852023Revenue 2024: $225,657Expenses 2024: $172,825Net Income 2024: $52,8322024

Highlighted filing

2024

Revenue$225,657
Expenses$172,825
Net Income$52,832

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$317,122
Mission and Program Overview

Mission

Garden and cemetery maintenance

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,237,640$3,242,325▲ $4,685
Cash and Non-Interest-Bearing Accounts$478,951$537,221▲ $58,270
Land, Buildings, and Equipment, Net$147,189$132,470▼ $14,719
Inventories for Sale or Use$5,546$5,546→ $0
Prepaid Expenses and Deferred Charges$1,451$1,462▲ $11
Total Assets$3,870,777$3,919,024▲ $48,247
Liabilities
Other Liabilities$1,250$1,250→ $0
Total Liabilities$1,250$1,250→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,561,639$3,561,238▼ $401
Net Assets Without Donor Restrictions$307,888$356,536▲ $48,648
Total Net Assets Fund Balance$3,869,527$3,917,774▲ $48,247
Total Liabilities and Net Assets / Fund Balance$3,870,777$3,919,024▲ $48,247

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$77,422$203,456$280,878
Leasehold Improvements$52,423$158,744$211,167
Buildings$2,625$35,579$38,204
Equipment$0$17,043$17,043

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,237,640-▲ $186,733$163,871$3,242,325
2023$3,167,279-▲ $230,118$142,480$3,237,640
2022$3,193,872-▲ $124,826$133,093$3,167,279
2021$2,996,276-▲ $343,342$127,284$3,193,872
2020$3,045,904-▲ $89,439$122,962$2,996,276
Compensation and Service Providers

Board Members and Trustees

NameTitle
Holt MorrisonPresident
Susan SchneiderVice President
Cheryl KellingBoard Member
George LilesBoard Member
James GarmonBoard Member
Julie HollandBoard Member
Kevin GarrisonBoard Member
Kay WallSecretary
Kay ChristyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$550
Program Service Revenue
$0
Investment Income
$191,136
Other Revenue
$33,971
All Other Contributions
$550
Change in Net Assets
$52,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$104,747--$104,747
Fees for Service Investment Mgmnt Fees-$18,177-$18,177
Depreciation Depletion$14,046--$14,046
Occupancy$6,865--$6,865
Insurance-$4,385-$4,385
Fees for Services Other$3,517--$3,517
Fees for Services Legal-$3,355-$3,355
Fees for Services Accounting-$3,000-$3,000
Other Expenses$1,302--$1,302
Total Functional Expenses$143,908$28,917$0$172,825
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$1,250
Governance and Compliance

Governance Checklist

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

Each member of the board is profvided with a copy of form 990 before it is mailed to the irs. If members have questions, they contact the treasurer. If the treasurer can't answer the members' questions, she contacts the accountant's office and asks all unanswered questions and relays the answers to the board members. Board members approve the 990 before it is filed.

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

An interested board member, officer or staff member shall not participate in any discussion or debate of the board of directors, or any committee or subcommittee thereof in which the subject of discussion is a contract, transaction, or situation in which there may be a perceived or actual conflict of interest. However s/he may be present to provide clarifying information in such a discussion or debate unless an objection is made by any present board or committee member. Anyone in a position to make decisions about spending resources (i.e., transactions such as purchase contracts) who also stands to benefit from that decision, has a duty to disclose that conflict as soon as it arises or becomes apparent. S/he should not participate in any final decisions. A copy of the conflict of interest policy shall be given to all board members, volunteers, or other key stakeholders upon comencement of such person's relationship with or at the official adoption of stated policy. Each board member, officer, staff member and volunteer shall sign and date the policy at the beginning of his/her term of service or employment and each year thereafter. Failure to sign does not nullify the policy.

Form 990, Part VI, Section C, Line 19

Documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Memorial Garden Association Inc
EIN
58-1587872
Phone
7047882100
Address
PO BOX 1193, CONCORD, NC 28026

Signing Officer

Name
Holt Morrison
Title
President
Phone
7047882100
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holt Morrison
Formed
1984
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Younce Accounting & Tax Group LLC
Address
990 LEE ANN DRIVE, CONCORD, NC 28025
Preparer
Patrick Brady
Phone
7047849330
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING ADJUSTMENT -2.

Financial Statement Notes

PART V, LINE 4:

Maintenance and upkeep of memorial gardens and related cemetery and columbarium.

Raw XML Appendix392 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03237640
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03242325
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0186733
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0163871
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017277
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03167279
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03237640
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0230118
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0142480
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt018326
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03193872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03167279
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0124826
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0133093
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt018462
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02996276
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03193872
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0343342
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0127284
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt016105
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03045904
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02996276
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt089439
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0122962
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017043
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017043
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt052423
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0158744
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0211167
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt077422
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0203456
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0280878
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MAINTENANCE AND UPKEEP OF MEMORIAL GARDENS AND RELATED CEMETERY AND COLUMBARIUM.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0132470
IRS990ScheduleD/TotalLiabilityAmt01250
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER OF THE BOARD IS PROFVIDED WITH A COPY OF FORM 990 BEFORE IT IS MAILED TO THE IRS. IF MEMBERS HAVE QUESTIONS, THEY CONTACT THE TREASURER. IF THE TREASURER CAN'T ANSWER THE MEMBERS' QUESTIONS, SHE CONTACTS THE ACCOUNTANT'S OFFICE AND ASKS ALL UNANSWERED QUESTIONS AND RELAYS THE ANSWERS TO THE BOARD MEMBERS. BOARD MEMBERS APPROVE THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN INTERESTED BOARD MEMBER, OFFICER OR STAFF MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD OF DIRECTORS, OR ANY COMMITTEE OR SUBCOMMITTEE THEREOF IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. HOWEVER S/HE MAY BE PRESENT TO PROVIDE CLARIFYING INFORMATION IN SUCH A DISCUSSION OR DEBATE UNLESS AN OBJECTION IS MADE BY ANY PRESENT BOARD OR COMMITTEE MEMBER. ANYONE IN A POSITION TO MAKE DECISIONS ABOUT SPENDING RESOURCES (I.E., TRANSACTIONS SUCH AS PURCHASE CONTRACTS) WHO ALSO STANDS TO BENEFIT FROM THAT DECISION, HAS A DUTY TO DISCLOSE THAT CONFLICT AS SOON AS IT ARISES OR BECOMES APPARENT. S/HE SHOULD NOT PARTICIPATE IN ANY FINAL DECISIONS. A COPY OF THE CONFLICT OF INTEREST POLICY SHALL BE GIVEN TO ALL BOARD MEMBERS, VOLUNTEERS, OR OTHER KEY STAKEHOLDERS UPON COMENCEMENT OF SUCH PERSON'S RELATIONSHIP WITH OR AT THE OFFICIAL ADOPTION OF STATED POLICY. EACH BOARD MEMBER, OFFICER, STAFF MEMBER AND VOLUNTEER SHALL SIGN AND DATE THE POLICY AT THE BEGINNING OF HIS/HER TERM OF SERVICE OR EMPLOYMENT AND EACH YEAR THEREAFTER. FAILURE TO SIGN DOES NOT NULLIFY THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING ADJUSTMENT -2.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03870777
IRS990/TotalAssetsEOYAmt03919024
IRS990/TotalAssetsGrp/BOYAmt03870777
IRS990/TotalAssetsGrp/EOYAmt03919024
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0550
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028917
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143908
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01250
IRS990/TotalLiabilitiesEOYAmt01250
IRS990/TotalLiabilitiesGrp/BOYAmt01250
IRS990/TotalLiabilitiesGrp/EOYAmt01250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03869527
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03917774
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0143908
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0143079
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt082028
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0225657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03870777
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03919024
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1193
IRS990/USAddress/CityNm0CONCORD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028026
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HOLT MORRISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07047882100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMORIAL GARDEN ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMO
ReturnHeader/Filer/EIN0581587872
ReturnHeader/Filer/PhoneNum07047882100
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1193
ReturnHeader/Filer/USAddress/CityNm0CONCORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028026
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0933356177
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YOUNCE ACCOUNTING & TAX GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0990 LEE ANN DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CONCORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028025
ReturnHeader/PreparerPersonGrp/PhoneNum07047849330
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK BRADY
ReturnHeader/ReturnTs02025-11-14T15:24:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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