Rosemount Memorial Park Assn
Rosemount Memorial Park Assn consistently operates with fluctuating revenues and expenses, showing asset growth and no reported officer compensation.
EIN: 220989465 · Red Bank, NJ · Updated: 2026-03-28
Is Rosemount Memorial Park Assn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rosemount Memorial Park Assn directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rosemount Memorial Park Assn
Rosemount Memorial Park Assn (EIN: 220989465) is a nonprofit organization based in Red Bank, NJ. The organization reported total revenue of $1.7M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosemount Memorial Park Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rosemount Memorial Park Assn with a Mission Score of 70 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Rosemount Memorial Park Assn allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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, suggesting either a fully volunteer-led executive team or that executive compensation is categorized differently within the financial statements, which could impact transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Rosemount Memorial Park Assn's IRS 990 filings:
- Unknown NTEE code, hindering clear understanding of mission and peer comparison.
- Consistent 0% officer compensation, which may indicate a lack of transparency if executive roles are compensated but not reported as such.
Strengths
The following positive indicators were identified for Rosemount Memorial Park Assn:
- Consistent financial reporting over a long period (13 filings).
- Positive net assets and growth in assets from $2,188,422 in 201412 to $6,390,567 in 202312, indicating financial stability.
- Generally positive operating margins in recent years, such as a $519,147 surplus in 202312.
Frequently Asked Questions about Rosemount Memorial Park Assn
Is Rosemount Memorial Park Assn a legitimate charity?
Based on AI analysis of IRS 990 filings, Rosemount Memorial Park Assn (EIN: 220989465) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Rosemount Memorial Park Assn spend its money?
Rosemount Memorial Park Assn directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rosemount Memorial Park Assn tax-deductible?
Rosemount Memorial Park Assn is registered as a tax-exempt nonprofit (EIN: 220989465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific mission and programmatic activities of Rosemount Memorial Park Assn, given the unknown NTEE code?
The provided data does not specify the NTEE code, making it difficult to ascertain the exact mission and programmatic activities. Further investigation into their public statements or detailed 990 forms would be necessary.
How does Rosemount Memorial Park Assn manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may rely on volunteer leadership for its executive functions, or that compensation for key personnel is reported under other expense categories, which would require a deeper dive into their financial statements to clarify.
What is the nature of the liabilities, which have fluctuated significantly, reaching $3,769,068 in 202012 and then decreasing to $2,323,838 in 202312?
The data does not provide details on the nature of the liabilities. Understanding these fluctuations would require examining the balance sheet details within the full IRS 990 filings to identify specific debt, payables, or other obligations.
Filing History
IRS 990 filing history for Rosemount Memorial Park Assn showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rosemount Memorial Park Assn's revenue has grown by 104.8%, moving from $1.1M to $2.2M. Total assets increased by 279.3% over the same period, from $1.7M to $6.4M. Total functional expenses rose by 70.2%, from $1.0M to $1.7M. In its most recent filing year (2023), Rosemount Memorial Park Assn reported a surplus of $519K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $6.4M in assets (debt-to-asset ratio: 36.4%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.7M | $6.4M | $2.3M | — | View 990 |
| 2022 | $2.1M | $2.2M | $6.0M | $2.7M | — | View 990 |
| 2021 | $2.0M | $1.6M | $6.1M | $3.0M | — | View 990 |
| 2020 | $2.4M | $2.3M | $6.5M | $3.8M | — | — |
| 2019 | $2.8M | $2.1M | $5.8M | $3.4M | — | — |
| 2018 | $1.9M | $1.9M | $5.5M | $3.9M | — | View 990 |
| 2017 | $1.7M | $2.3M | $5.1M | $3.5M | — | View 990 |
| 2016 | $2.5M | $2.5M | $5.1M | $3.0M | — | View 990 |
| 2015 | $1.9M | $2.1M | $4.6M | $2.4M | — | View 990 |
| 2014 | $1.4M | $1.5M | $2.2M | $1.9M | — | View 990 |
| 2013 | $1.3M | $1.2M | $1.8M | $1.4M | — | View 990 |
| 2012 | $1.1M | $1.1M | $1.7M | $1.3M | — | View 990 |
| 2011 | $1.1M | $1.0M | $1.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.7M, and assets of $6.4M (revenue +4.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.2M, and assets of $6.0M (revenue +6.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.6M, and assets of $6.1M (revenue -17.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $6.5M (revenue -14.2% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.1M, and assets of $5.8M (revenue +53.2% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $5.5M (revenue +9.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.3M, and assets of $5.1M (revenue -30.6% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.5M, and assets of $5.1M (revenue +29.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.1M, and assets of $4.6M (revenue +34.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $2.2M (revenue +11.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $1.8M (revenue +19.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $1.7M (revenue -2.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Rosemount Memorial Park Assn 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.