Waterloo Cemetery Association

Tax-deductible

Waterloo, IACemetery / fraternalSince 1956Mutual/MembershipEIN 30-0080142Revenue $94K in FY2025

On file with the IRS1830 Kimball Ave, 50702-3800 · Waterloo, IATax-exempt since Oct 2002

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Operation of a Cemetery for the burial of the dead.

Tax-exempt charity; gifts are tax-deductible.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $8K a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$94K
+11% vs prior year
Spent
$91K
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$94K
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$83K
FY2021$77K
FY2022$64K
FY2023$82K
FY2024$84K
FY2025$94K
Expenses
$91K
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$73K
FY2021$75K
FY2022$58K
FY2023$69K
FY2024$69K
FY2025$91K
Net assets
$1.3M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2025$1.3M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Waterloo Cemetery Association executive salaries →

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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 15aNo

Programs and updates

Operates a cemetery for burials, managed by unpaid volunteers.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Each memorial day weekend we initiate our yearly public donor campaign so that we can not only operate in the black, but meet such future expenses as: 1. Maintenance, repairs, and structural needs 2. REPLACEMENT/REPAIR of perimeter fencing and gateways 3. Revamping our "memorial section" 4. Possible future expansion of driveway system 5.

Pt IX · col B
02

Regular business meetings were held by the board of directors to discuss and handle business issues. We worked with our bankers to conservatively handle our trust accounts and other accounts. Reports as required of a perpetual care cemetery were filed with the iowa bureau of regulated industries which oversees us.

Pt IX · col B
03

Conducted Business Such as

Lot sales and interments, pertinent paperwork, record keeping and financial transactions, grounds maintenance, equipment maintenance, purchasing and junking equipment, grave marker realignment or repair, etc.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Investment incomeLn 3$53K
Fees for servicesLn 2g$32K
Gifts and grantsLn 1h$9K
Money outPt IX
$91K
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Fees for servicesLn 2g$32K
Investment incomeLn 3$53K
Other incomeLn 4–11$200
Gains on assetsLn 7$28K
Total revenueLn 12$94K
Assets in detailPt X, end of year
SavingsLn 2$16K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$787K
Land, buildings, equipmentLn 10c$508K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$28K$16K
InvestmentsLn 11–13$727K$787K
Land, buildings, equipmentLn 10c$512K$508K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K
Investment management feesLn 11f$4K
Office expensesLn 13$3K
Depreciation, depletion and amortizationLn 22$16K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$62K
Total functional expensesLn 25$91K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $94K$91K$2K$1.3M 990 PDF
FY2024 $84K$69K$15K$1.3M 990 PDF
FY2023 $82K$69K$14K$1.2M 990 PDF
FY2022 $64K$58K$6K$1.2M 990 PDF
FY2021 $77K$75K$2K$1.2M 990 PDF
FY2020 $83K$73K$10K$1.2M 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 FY2025 990 (6 parts)
Part I · Summary $93,674 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,380$8,523
I-9 Program service revenuePrior year $40,590$32,380
I-10 Investment incomePrior year $32,409$52,571
I-11 Other revenue$200
I-12 Total revenuePrior year $84,379$93,674
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $69,424$91,449
I-18 Total expensesPrior year $69,424$91,449
I-19 Revenue less expensesPrior year $14,955$2,225
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $93,674 across 7 lines filed
Lines not itemized here account for $880 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$8,523
VIII-1h Total contributions, gifts and grants$8,523
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,500$31,500
VIII-3 Investment incomeExcluded from tax $24,843$24,843
VIII-7 Net gain or loss on sales of assetsRelated to mission $27,728$27,728
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $200$200
VIII-12 Total revenueRelated to mission $60,308 · Excluded from tax $24,843$93,674
Part IX · Statement of functional expenses $91,449 across 6 lines filed
IX-11c Accounting fees$1,023
IX-11f Investment management fees$3,584
IX-13 Office expenses$2,758
IX-22 Depreciation, depletion and amortization$16,212
IX-23 Insurance$5,865
IX-24 Other expenses (24a–d)$62,007
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$91,449
Part X · Balance sheet $1,310,958 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $28,061$16,074
X-10c Land, buildings and equipment, netStart of year $511,870$507,799
X-11 Publicly traded securitiesStart of year $727,218$787,085
X-16 Total assetsStart of year $1,267,149$1,310,958
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,267,149$1,310,958
X-33 Total liabilities and net assetsStart of year $1,267,149$1,310,958
Part XI · Reconciliation of net assets $1,310,958 net assets at year end
XI-1 Total revenue$93,674
XI-2 Total expenses$91,449
XI-3 Revenue less expenses$2,225
XI-4 Net assets at start of year$1,267,149
XI-5 Net unrealized gains (losses) on investments$41,589
XI-10 Net assets at end of year$1,310,958

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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