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Mount Olivet Cemetery FY2023 filing

Tax-deductible

Mc Kenzie, TNCemetery / fraternalSince 1946Mutual / membership EIN 62-0499558Revenue $55K in FY2023

On file with the IRSPo Box 281, 38201-0281 · Mc Kenzie, TNTax-exempt since Oct 1951

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Sale and Maintenance of Burial Lots.

Tax-exempt charity; gifts are tax-deductible.
97¢ 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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FY2023 · 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
5 of 6
filings with a surplus
Average surplus $21K a year · 35% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
266 mo
of spending, in cash
Looks good: 265.9 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
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
$55K
-16% vs prior year
Spent
$29K
To programs
97%
Net assets
$709K
By yearFY2020–FY2025
Revenue
$55K
FY2023▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$70K
FY2021$41K
FY2022$65K
FY2023$55K
FY2024$41K
FY2025$90K
Expenses
$29K
FY2023▼ -75%
Tap a bar for its year
Expenses by fiscal year
FY2020$17K
FY2021$18K
FY2022$114K
FY2023$29K
FY2024$30K
FY2025$26K
Net assets
$709K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$710K
FY2021$733K
FY2022$683K
FY2023$709K
FY2024$720K
FY2025$784K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1951.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $28K Management & general 3% · $735

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Emily Archer
Secretary
$0Pt VII · Sec A
Roland Argo
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Al Everett
Treasurer
$0Pt VII · Sec A
Jack Holland
Director
$0Pt VII · Sec A
Terry Howell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Edward Sexton
President
$0Pt VII · Sec A
See Mount Olivet Cemetery 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 and maintains burial lots for families.

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Provided by the organization

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1 program · $28K · in their own filed words · FY2023
01

Sold 48 burial lots during the year.

$28Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$55K
Ln 12
Investment incomeLn 3$43K
Other incomeLn 4–11$10K
Gifts and grantsLn 1h$2K
Money outPt IX
$29K
Ln 25
Programscol B$28K
Managementcol C$735
Owns and owesPt X
$709K
net assets · Ln 32
Cash and savingsLn 1–2$638K
Total assetsLn 16$709K
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$2K
Investment incomeLn 3$43K
Other incomeLn 4–11$10K
Total revenueLn 12$55K
Assets in detailPt X, end of year
SavingsLn 2$638K
Cash and savings togetherLn 1–2$638K
Land, buildings, equipmentLn 10c$71K
Total assetsLn 16$709K
LiabilitiesLn 26$0
Net assetsLn 32$709K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$607K$638K
Land, buildings, equipmentLn 10c$76K$71K
Total assetsLn 16$683K$709K
LiabilitiesLn 26$0$0
Net assetsLn 32$683K$709K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$850$850
OccupancyLn 16$452$452
Depreciation, depletion and amortizationLn 22$5K$5K
Other expenses (24a–d)Ln 24$22K$22K$480
All other expensesLn 24e$467$212$255
Total functional expensesLn 25$29K$28K$735$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $90K$26K$63K$784K 990 PDF
FY2024 $41K$30K$11K$720K 990 PDF
FY2023 Viewing $55K$29K$26K$709K 990 PDF
FY2022 $65K$114K−$49K$683K 990 PDF
FY2021 $41K$18K$23K$733K 990 PDF
FY2020 $70K$17K$52K$710K 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 O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $54,675 revenue, 12 lines filed
I-8 Contributions and grants$1,600
I-9 Program service revenue$0
I-10 Investment incomePrior year $48,124$42,880
I-11 Other revenuePrior year $16,663$10,195
I-12 Total revenuePrior year $64,787$54,675
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 $114,084$28,786
I-18 Total expensesPrior year $114,084$28,786
I-19 Revenue less expensesPrior year −$49,297$25,889
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 $54,675 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,600
VIII-1h Total contributions, gifts and grants$1,600
VIII-3 Investment incomeRelated to mission $42,880$42,880
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,195$10,195
VIII-12 Total revenueRelated to mission $53,075$54,675
Part IX · Statement of functional expenses $28,786 across 5 lines filed
IX-11c Accounting feesPrograms $850$850
IX-16 OccupancyPrograms $452$452
IX-22 Depreciation, depletion and amortizationPrograms $4,550$4,550
IX-24 Other expenses (24a–d)Programs $21,987 · Management $480$22,467
IX-24e All other expensesPrograms $212 · Management $255$467
IX-25 Total functional expensesPrograms $28,051 · Management $735 · Fundraising $0$28,786
Part X · Balance sheet $709,347 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $607,042$637,885
X-10c Land, buildings and equipment, netStart of year $76,417$71,462
X-16 Total assetsStart of year $683,459$709,347
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $683,459$709,347
X-32 Total net assets or fund balancesStart of year $683,459$709,347
X-33 Total liabilities and net assetsStart of year $683,459$709,347
Part XI · Reconciliation of net assets $709,347 net assets at year end
XI-1 Total revenue$54,675
XI-2 Total expenses$28,786
XI-3 Revenue less expenses$25,889
XI-4 Net assets at start of year$683,459
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$709,347

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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