Locust Valley Cemetery Association Inc

Locust Valley Cemetery Association Inc consistently generates significant surpluses, growing assets to over $27 million with no reported officer compensation.

EIN: 111502725 · Locust Valley, NY · Updated: 2026-03-28

$16.2MRevenue

$28.6MAssets

90/100Mission Score (Excellent)

About Locust Valley Cemetery Association Inc

Locust Valley Cemetery Association Inc (EIN: 111502725) is a nonprofit organization based in Locust Valley, NY. The organization reported total revenue of $16.2M and total assets of $28.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Locust Valley Cemetery Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Locust Valley Cemetery Association Inc demonstrates strong financial health and consistent growth in assets over the past decade, reaching $27,508,380 in the latest filing period (202403). The organization consistently generates more revenue than expenses, with a significant surplus in recent years; for example, in 202403, revenue was $3,194,075 against expenses of $2,178,227. This indicates sound financial management and the ability to build reserves. The organization's liabilities are consistently low relative to its assets, suggesting a stable financial position.

Given its nature as a cemetery association, the primary 'program' is the maintenance and operation of the cemetery. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program delivery versus administrative or fundraising costs. However, the consistent surplus and asset growth suggest that the organization is effectively managing its resources to fulfill its mission.

Transparency appears to be good, with regular IRS 990 filings available. The consistent reporting of 0% officer compensation is a notable positive indicator regarding executive pay practices. Further transparency could be enhanced with more detailed public reporting on how expenses are categorized beyond the summary figures.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Locust Valley Cemetery Association Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Locust Valley Cemetery Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a highly positive aspect, suggesting a volunteer-led or very lean executive structure, which contributes to lower administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Locust Valley Cemetery Association Inc:

Consistent revenue generation exceeding expenses, leading to significant surpluses.
Strong and growing asset base, increasing from $13.2M in 2015 to $27.5M in 2024.
Zero reported officer compensation, indicating efficient use of funds and potentially volunteer leadership.
Low liabilities relative to assets, demonstrating financial stability.
Consistent IRS 990 filings, indicating good transparency and compliance.

Frequently Asked Questions about Locust Valley Cemetery Association Inc

What is the primary use of the significant revenue surplus generated annually?

The consistent revenue surplus, such as the $1,015,848 in 202403 (Revenue $3,194,075 - Expenses $2,178,227), appears to be primarily reinvested into the organization's assets, which have grown from $13,287,155 in 201503 to $27,508,380 in 202403. This likely supports long-term maintenance, improvements, and endowment for the cemetery.

How does the organization ensure the long-term sustainability of the cemetery?

The substantial and growing asset base, coupled with consistent revenue generation exceeding expenses, indicates a strong focus on long-term sustainability. The accumulation of assets suggests the establishment of endowments or reserves to ensure perpetual care and maintenance of the cemetery grounds.

Filing History

IRS 990 filing history for Locust Valley Cemetery Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Locust Valley Cemetery Association Inc's revenue has grown by 110.5%, moving from $1.5M to $3.2M. Total assets increased by 163.9% over the same period, from $10.4M to $27.5M. Total functional expenses rose by 72.5%, from $1.3M to $2.2M. In its most recent filing year (2024), Locust Valley Cemetery Association Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $248K in liabilities against $27.5M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $27.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$3.2M	$2.2M	$27.5M	$248K	—	View 990
2023	$3.6M	$2.0M	$23.5M	$144K	—	View 990
2022	$4.1M	$2.0M	$23.7M	$132K	—	View 990
2021	$4.3M	$1.7M	$22.7M	$76K	—	—
2020	$2.0M	$1.6M	$16.2M	$49K	—	View 990
2019	$2.2M	$1.7M	$18.5M	$450K	—	View 990
2018	$2.8M	$1.6M	$17.9M	$437K	—	—
2017	$2.4M	$1.6M	$16.0M	$509K	—	View 990
2016	$1.9M	$1.4M	$13.7M	$741K	—	View 990
2015	$1.6M	$1.3M	$13.3M	$355K	—	View 990
2014	$2.2M	$1.4M	$13.3M	$297K	—	View 990
2013	$1.8M	$1.6M	$11.2M	$75K	—	View 990
2012	$1.5M	$1.3M	$10.4M	$89K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $3.2M, expenses of $2.2M, and assets of $27.5M (revenue -10.2% year-over-year).
2023: Revenue of $3.6M, expenses of $2.0M, and assets of $23.5M (revenue -12.6% year-over-year).
2022: Revenue of $4.1M, expenses of $2.0M, and assets of $23.7M (revenue -6.0% year-over-year).
2021: Revenue of $4.3M, expenses of $1.7M, and assets of $22.7M (revenue +120.6% year-over-year).
2020: Revenue of $2.0M, expenses of $1.6M, and assets of $16.2M (revenue -11.3% year-over-year).
2019: Revenue of $2.2M, expenses of $1.7M, and assets of $18.5M (revenue -19.6% year-over-year).
2018: Revenue of $2.8M, expenses of $1.6M, and assets of $17.9M (revenue +13.0% year-over-year).
2017: Revenue of $2.4M, expenses of $1.6M, and assets of $16.0M (revenue +31.3% year-over-year).
2016: Revenue of $1.9M, expenses of $1.4M, and assets of $13.7M (revenue +18.6% year-over-year).
2015: Revenue of $1.6M, expenses of $1.3M, and assets of $13.3M (revenue -29.3% year-over-year).
2014: Revenue of $2.2M, expenses of $1.4M, and assets of $13.3M (revenue +23.5% year-over-year).
2013: Revenue of $1.8M, expenses of $1.6M, and assets of $11.2M (revenue +18.2% year-over-year).
2012: Revenue of $1.5M, expenses of $1.3M, and assets of $10.4M.

Data Sources and Methodology

This transparency report for Locust Valley Cemetery Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.