Godwin Cemetery INC FY2020 filing

Tax-deductible

Fincastle, VACemetery / fraternalEIN 54-0736452Revenue $56K in FY2020

On file with the IRSPo Box 186, 24090-0186 · Fincastle, VATax-exempt since Aug 1959

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Non-profit Cemetery company sells Cemetery lots for burial purposes

Tax-exempt charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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 $32K a year · 53% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
79 mo
of spending, in cash
Looks good: 79.4 months of spending in cash; 3 or more.
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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
Spent
$29K
To programs
100%
Net assets
$866K
By yearFY2020–FY2024
Revenue
$56K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$63K
FY2022$50K
FY2023$63K
FY2024$67K
Expenses
$29K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$29K
FY2021$28K
FY2022$23K
FY2023$28K
FY2024$34K
Net assets
$866K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$866K
FY2021$943K
FY2022$821K
FY2023$935K
FY2024$1.0M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1959.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $29K Management & general 0% · $105

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Godwin Cemetery INC 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

Sells cemetery lots for burial purposes.

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1 program · in their own filed words · FY2020
01

Revenue from cemetery lots sold for burial purposes largest expenses involve maintenance and mowing of grounds

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$56K
Ln 12
Investment incomeLn 3$32K
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$6K
Money outPt IX
$29K
Ln 25
Programscol B$29K
Managementcol C$105
Owns and owesPt X
$866K
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$866K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$6K
Investment incomeLn 3$32K
Gains on assetsLn 7$14K
Total revenueLn 12$56K
Assets in detailPt X, end of year
SavingsLn 2$193K
Cash and savings togetherLn 1–2$193K
InvestmentsLn 11–13$662K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$866K
LiabilitiesLn 26$0
Net assetsLn 32$866K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$243K$193K
InvestmentsLn 11–13$527K$662K
Land, buildings, equipmentLn 10c$11K$11K
Total assetsLn 16$781K$866K
LiabilitiesLn 26$0$0
Net assetsLn 32$781K$866K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$882$882$0$0
Investment management feesLn 11f$105$0$105$0
Office expensesLn 13$2K$2K$0$0
OccupancyLn 16$26K$26K$0$0
Depreciation, depletion and amortizationLn 22$482$482$0$0
Other expenses (24a–d)Ln 24$25$25$0$0
Total functional expensesLn 25$29K$29K$105$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $67K$34K$34K$1.0M 990 PDF
FY2023 $63K$28K$35K$935K 990 PDF
FY2022 $50K$23K$27K$821K 990 PDF
FY2021 $63K$28K$35K$943K 990 PDF
FY2020 Viewing $56K$29K$27K$866K 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 FY2020 990 (6 parts)
Part I · Summary $56,080 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,400$17,640
I-9 Program service revenuePrior year $11,200$6,400
I-10 Investment incomePrior year $21,965$32,040
I-11 Other revenue$0
I-12 Total revenuePrior year $46,565$56,080
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 $29,457$29,175
I-18 Total expensesPrior year $29,457$29,175
I-19 Revenue less expensesPrior year $17,108$26,905
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $56,080 across 5 lines filed
Lines not itemized here account for $6,400 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$17,640
VIII-1h Total contributions, gifts and grants$17,640
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $18,367$18,367
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,673$13,673
VIII-12 Total revenueRelated to mission $6,400 · Unrelated business $0 · Excluded from tax $32,040$56,080
Part IX · Statement of functional expenses $29,175 across 6 lines filed
IX-11c Accounting feesPrograms $882 · Management $0 · Fundraising $0$882
IX-11f Investment management feesPrograms $0 · Management $105 · Fundraising $0$105
IX-13 Office expensesPrograms $2,006 · Management $0 · Fundraising $0$2,006
IX-16 OccupancyPrograms $25,675 · Management $0 · Fundraising $0$25,675
IX-22 Depreciation, depletion and amortizationPrograms $482 · Management $0 · Fundraising $0$482
IX-24 Other expenses (24a–d)Programs $25 · Management $0 · Fundraising $0$25
IX-25 Total functional expensesPrograms $29,070 · Management $105 · Fundraising $0$29,175
Part X · Balance sheet $866,181 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $242,813$193,036
X-10c Land, buildings and equipment, netStart of year $11,003$10,731
X-11 Publicly traded securitiesStart of year $527,283$662,414
X-16 Total assetsStart of year $781,099$866,181
X-17 Accounts payable and accrued expensesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $781,099$866,181
X-32 Total net assets or fund balancesStart of year $781,099$866,181
X-33 Total liabilities and net assetsStart of year $781,099$866,181
Part XI · Reconciliation of net assets $866,181 net assets at year end
XI-1 Total revenue$56,080
XI-2 Total expenses$29,175
XI-3 Revenue less expenses$26,905
XI-4 Net assets at start of year$781,099
XI-10 Net assets at end of year$866,181

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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