Evergreens Cemetery

Tax-deductible

Brooklyn, NYCemetery / fraternalSince 1849EIN 11-0729120Revenue $15.9M in FY2024

On file with the IRStheevergreenscemetery.com1629 Bushwick Ave, 11207-1849 · Brooklyn, NYTax-exempt since Aug 1953

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The Evergreens is a Cemetery corporation which is regulated under new york state Cemetery law.

Tax-exempt charity; gifts are tax-deductible.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $7.1M a year · 52% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.1M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$660K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.9M
+60% vs prior year
Spent
$7.0M
Net assets
$275.7M
By yearFY2020–FY2024
Revenue
$15.9M
FY2024▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.0M
FY2021$17.6M
FY2022$13.7M
FY2023$10.0M
FY2024$15.9M
Expenses
$7.0M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.9M
FY2021$6.2M
FY2022$6.6M
FY2023$6.8M
FY2024$7.0M
Net assets
$275.7M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$205.9M
FY2021$241.2M
FY2022$219.1M
FY2023$244.4M
FY2024$275.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1953.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Secretary
$449,848Pt VII · Sec A
Chief Financial Officer
$350,480Pt VII · Sec A
Interment Foreman
$107,041Pt VII · Sec A
$60,150Pt VII · Sec A
$36,410Pt VII · Sec A
$28,446Pt VII · Sec A
$25,032Pt VII · Sec A
$21,452Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Julie Bose$449,848$430,200$413,308$392,212$347,019
Karim Parchment$350,480$329,250$316,346$300,866$268,270
Todd Korte——$214,039$204,423$152,308
Juan Estevez$107,041$103,846———
Frederick Bland$60,150$58,720$56,292$54,648$38,655
William R Cline JR$36,410$34,796$30,798$22,264$14,980
T Dennis Sullivan$25,032$23,922$25,494$32,384$32,076
John Osnato————$31,900

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a cemetery corporation regulated by New York State law.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The evergreens cemetery was organized in 1849 as a non-sectarian cemetery, under the rural cemetery act of 1847. The cemetery borders brooklyn and queens and covers 225 acres of rolling hills and gently sloping meadows. The evergreens is the final resting place of more than 532,000 people.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.9M
Ln 12
Investment incomeLn 3$8.7M
Fees for servicesLn 2g$6.9M
Gifts and grantsLn 1h$282K
Money outPt IX
$7.0M
Ln 25
Owns and owesPt X
$275.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$276.4M
LiabilitiesLn 26$660K
PeoplePt VI, VII
10
listed · VII A
PaidVII A9
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$282K
Fees for servicesLn 2g$6.9M
Investment incomeLn 3$8.7M
Other incomeLn 4–11$41K
Gains on assetsLn 7$6.2M
Total revenueLn 12$15.9M
Assets in detailPt X, end of year
CashLn 1$512K
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$4.3M
InvestmentsLn 11–13$255.6M
Land, buildings, equipmentLn 10c$10.3M
Other assetsLn 15$1.0M
Total assetsLn 16$276.4M
LiabilitiesLn 26$660K
Net assetsLn 32$275.7M
OperationsPt I, VI
EmployeesI 533
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.3M$4.3M
InvestmentsLn 11–13$223.4M$255.6M
Land, buildings, equipmentLn 10c$9.3M$10.3M
Total assetsLn 16$245.2M$276.4M
LiabilitiesLn 26$791K$660K
Net assetsLn 32$244.4M$275.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100
Pay of current officers, directors and key staffLn 5$1.2M
Other salaries and wagesLn 7$1.6M
Pension plan contributionsLn 8$26K
Other employee benefitsLn 9$329K
Payroll taxesLn 10$194K
Legal feesLn 11b$13K
Accounting feesLn 11c$58K
Investment management feesLn 11f$595K
Other fees for servicesLn 11g$131K
Office expensesLn 13$127K
OccupancyLn 16$66K
Conferences, conventions and meetingsLn 19$2K
Depreciation, depletion and amortizationLn 22$888K
InsuranceLn 23$399K
Other expenses (24a–d)Ln 24$1.3M
Total functional expensesLn 25$7.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $15.9M$7.0M$8.9M$275.7M 990 PDF
FY2023 $10.0M$6.8M$3.2M$244.4M 990 PDF
FY2022 $13.7M$6.6M$7.1M$219.1M 990 PDF
FY2021 $17.6M$6.2M$11.4M$241.2M 990 PDF
FY2020 $11.0M$5.9M$5.1M$205.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $15,924,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $236,064$282,497
I-9 Program service revenuePrior year $7,199,200$6,934,668
I-10 Investment incomePrior year $2,501,074$8,666,115
I-11 Other revenuePrior year $33,437$40,932
I-12 Total revenuePrior year $9,969,775$15,924,212
I-13 Grants and similar amounts paidPrior year $100$100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,426,422$3,365,767
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,358,837$3,610,271
I-18 Total expensesPrior year $6,785,359$6,976,138
I-19 Revenue less expensesPrior year $3,184,416$8,948,074
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,924,212 across 7 lines filed
VIII-1f All other contributions, gifts and grants$282,497
VIII-1h Total contributions, gifts and grants$282,497
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,934,668$6,934,668
VIII-3 Investment incomeUnrelated business −$103,140 · Excluded from tax $2,602,835$2,499,695
VIII-6 Net rental income or lossExcluded from tax $40,932$40,932
VIII-7 Net gain or loss on sales of assetsUnrelated business $31,462 · Excluded from tax $6,134,958$6,166,420
VIII-12 Total revenueRelated to mission $6,934,668 · Unrelated business −$71,678 · Excluded from tax $8,778,725$15,924,212
Part IX · Statement of functional expenses $6,976,138 across 16 lines filed
IX-1 Grants to domestic organizations$100
IX-5 Pay of current officers, directors and key staff$1,184,833
IX-7 Other salaries and wages$1,632,706
IX-8 Pension plan contributions$25,632
IX-9 Other employee benefits$329,056
IX-10 Payroll taxes$193,540
IX-11b Legal fees$12,847
IX-11c Accounting fees$58,085
IX-11f Investment management fees$594,808
IX-11g Other fees for services$130,648
IX-13 Office expenses$127,058
IX-16 Occupancy$66,355
IX-19 Conferences, conventions and meetings$1,846
IX-22 Depreciation, depletion and amortization$888,415
IX-23 Insurance$399,356
IX-24 Other expenses (24a–d)$1,330,853
IX-25 Total functional expenses$6,976,138
Part X · Balance sheet $276,402,749 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $779,152$511,523
X-2 Savings and temporary cash investmentsStart of year $7,557,978$3,771,310
X-4 Accounts receivableStart of year $4,208,179$5,162,828
X-10c Land, buildings and equipment, netStart of year $9,315,050$10,322,728
X-11 Publicly traded securitiesStart of year $32,729,172$35,346,130
X-12 Other securitiesStart of year $190,632,715$220,288,230
X-15 Other assetsStart of year $0$1,000,000
X-16 Total assetsStart of year $245,222,246$276,402,749
X-17 Accounts payable and accrued expensesStart of year $116,928$128,666
X-25 Other liabilitiesStart of year $674,165$531,035
X-26 Total liabilitiesStart of year $791,093$659,701
X-27 Net assets without donor restrictionsStart of year $244,431,153$275,743,048
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $244,431,153$275,743,048
X-33 Total liabilities and net assetsStart of year $245,222,246$276,402,749
Part XI · Reconciliation of net assets $275,743,048 net assets at year end
XI-1 Total revenue$15,924,212
XI-2 Total expenses$6,976,138
XI-3 Revenue less expenses$8,948,074
XI-4 Net assets at start of year$244,431,153
XI-5 Net unrealized gains (losses) on investments$22,363,821
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$275,743,048

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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