Lake View Cemetery Association

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To provide compassionate interment services and education relative to its historic heritage and arboretum setting.

Tax-exempt charity; gifts are tax-deductible.
Run by 14 volunteers and 73 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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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 $1.9M a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $40.8M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.6M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.3M
-7% vs prior year
Spent
$10.7M
To programs
0%
Net assets
$40.0M
By yearFY2020–FY2024
Revenue
$11.3M
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.4M
FY2021$11.6M
FY2022$14.6M
FY2023$12.2M
FY2024$11.3M
Expenses
$10.7M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.7M
FY2021$9.3M
FY2022$9.8M
FY2023$11.0M
FY2024$10.7M
Net assets
$40.0M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$31.4M
FY2021$38.2M
FY2022$32.5M
FY2023$33.9M
FY2024$40.0M

From the FY2024 Form 990 (year ending October 2024) · 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 Sep 1934.

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Sales Advisor
$216,081Pt VII · Sec A
President & CEO
$202,156Pt VII · Sec A
Sales Advisor
$201,976Pt VII · Sec A
Sales Advisor
$137,500Pt VII · Sec A
Treasurer & CFO
$135,865Pt VII · Sec A
Vp&coo from 7/24
$124,278Pt VII · Sec A
Vice President & COO Thru 7/24
$121,384Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Karen Drake——$277,242$170,174$108,260
Russell Smith$216,081$227,419$238,941$201,184$127,896
David Stefancin————$230,403
Katharine a Goss$202,156$196,549$186,918$186,280$192,516
Anna Ferro$201,976$201,748$198,162$142,742$102,589
Jeff Brack$137,500$159,331$147,473$112,103—
Andrew Bales$124,278$129,660$141,804$125,549$119,418
Danielle C Paskowski$135,865$138,657$124,893$122,286$124,947

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

Offers compassionate burial services and educates about its historic heritage and arboretum.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Operation of 285 acre cemetery including maintenance, sales, interments and other services, and development of remaining 70 acres of property. Lake View is the final resting place of over 110,000 people.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.3M
Ln 12
Fees for servicesLn 2g$8.8M
Investment incomeLn 3$1.4M
Gifts and grantsLn 1h$1.2M
Money outPt IX
$10.7M
Ln 25
Owns and owesPt X
$40.0M
net assets · Ln 32
Cash and savingsLn 1–2$926K
Total assetsLn 16$51.6M
LiabilitiesLn 26$11.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A7
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$8.8M
Investment incomeLn 3$1.4M
Gains on assetsLn 7$165K
Total revenueLn 12$11.3M
Assets in detailPt X, end of year
CashLn 1$926K
SavingsLn 2$0
Cash and savings togetherLn 1–2$926K
InvestmentsLn 11–13$40.8M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$500
Total assetsLn 16$51.6M
LiabilitiesLn 26$11.6M
Net assetsLn 32$40.0M
OperationsPt I, VI
EmployeesI 573
VolunteersI 614
Fiscal year endsHeaderOctober
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$531K$926K
InvestmentsLn 11–13$33.1M$40.8M
Land, buildings, equipmentLn 10c$2.9M$2.9M
Total assetsLn 16$44.7M$51.6M
LiabilitiesLn 26$10.8M$11.6M
Net assetsLn 32$33.9M$40.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$465K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$3.3M
Pension plan contributionsLn 8$115K
Other employee benefitsLn 9$549K
Payroll taxesLn 10$585K
Management feesLn 11a$0
Legal feesLn 11b$25K
Accounting feesLn 11c$31K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$121K
Other fees for servicesLn 11g$158K
Advertising and promotionLn 12$127K
Office expensesLn 13$217K
Information technologyLn 14$43K
RoyaltiesLn 15$0
OccupancyLn 16$1.3M
TravelLn 17$12K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$16K
InterestLn 20$13K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$276K
InsuranceLn 23$99K
Other expenses (24a–d)Ln 24$3.3M
Total functional expensesLn 25$10.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.3M$10.7M$610K$40.0M 990 PDF
FY2023 $12.2M$11.0M$1.2M$33.9M 990 PDF
FY2022 $14.6M$9.8M$4.8M$32.5M 990 PDF
FY2021 $11.6M$9.3M$2.2M$38.2M 990 PDF
FY2020 $9.4M$8.7M$694K$31.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $11,344,975 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,297,180$1,203,221
I-9 Program service revenuePrior year $9,542,376$8,766,615
I-10 Investment incomePrior year $1,317,058$1,375,139
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,156,614$11,344,975
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,924,810$4,997,474
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,037,073$5,737,331
I-18 Total expensesPrior year $10,961,883$10,734,805
I-19 Revenue less expensesPrior year $1,194,731$610,170
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $11,344,975 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$1,203,221
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,203,221
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,766,615 · Unrelated business $0 · Excluded from tax $0$8,766,615
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,209,922$1,209,922
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $165,217$165,217
VIII-12 Total revenueRelated to mission $8,766,615 · Unrelated business $0 · Excluded from tax $1,375,139$11,344,975
Part IX · Statement of functional expenses $10,734,805 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$465,091
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$3,284,449
IX-8 Pension plan contributions$114,708
IX-9 Other employee benefits$548,637
IX-10 Payroll taxes$584,589
IX-11a Management fees$0
IX-11b Legal fees$25,193
IX-11c Accounting fees$30,750
IX-11d Lobbying fees$0
IX-11f Investment management fees$120,536
IX-11g Other fees for services$158,047
IX-12 Advertising and promotion$127,038
IX-13 Office expenses$216,729
IX-14 Information technology$42,593
IX-15 Royalties$0
IX-16 Occupancy$1,295,123
IX-17 Travel$11,909
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$16,418
IX-20 Interest$12,634
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$276,241
IX-23 Insurance$98,677
IX-24 Other expenses (24a–d)$3,305,443
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$10,734,805
Part X · Balance sheet $51,598,950 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $530,709$926,280
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $5,084,813$3,982,394
X-8 Inventories for sale or useStart of year $3,099,280$2,997,064
X-9 Prepaid expenses and deferred chargesStart of year $25,177$48,876
X-10c Land, buildings and equipment, netStart of year $2,889,245$2,885,666
X-11 Publicly traded securitiesStart of year $33,069,115$40,758,170
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $500$500
X-16 Total assetsStart of year $44,698,839$51,598,950
X-17 Accounts payable and accrued expensesStart of year $3,693,860$2,728,937
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $7,025,337$8,710,148
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $110,876$135,505
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $10,830,073$11,574,590
X-27 Net assets without donor restrictionsStart of year $4,275,522$5,255,609
X-28 Net assets with donor restrictionsStart of year $29,593,244$34,768,751
X-32 Total net assets or fund balancesStart of year $33,868,766$40,024,360
X-33 Total liabilities and net assetsStart of year $44,698,839$51,598,950
Part XI · Reconciliation of net assets $40,024,360 net assets at year end
XI-1 Total revenue$11,344,975
XI-2 Total expenses$10,734,805
XI-3 Revenue less expenses$610,170
XI-4 Net assets at start of year$33,868,766
XI-5 Net unrealized gains (losses) on investments$5,545,424
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,024,360

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

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