2024-11-07T15:40:02-06:00 2023-12-31 520547375 MCLEAN KOEHLER SPARKS & HAMMOND 9475 DEERECO ROAD SUITE 408 TIMONIUM MD 21093 990 2023-01-01 540377970 SHERWOOD MEMORIAL PARK INC SHER 5403892171 PO BOX 30 SALEM VA 241530030 SUSAN MINI PRESIDENT 5403892171 2024-10-29 1 1 PAUL M STECKEL CPA P00168979 4102966200 2023 2024-10-15 13:58:12Z SUSAN MINI PO BOX 30 SALEM VA 241530030 9551748 0 X WWW.SHERWOODMEMORIALPARK.COM X 1928 VA SHERWOOD MEMORIAL PARK, INC. OPERATES AND MAINTAINS A MEMORIAL TYPE CEMETERY AND SELLS BURIAL RIGHTS, MAUSOLEUM CRYPTS, NICHES, LAWN CRYPTS, VARIOUS MERCHANDISE AND RELATED SERVICES. 4 3 18 0 0 0 0 0 601084 520959 1518005 796654 792320 719622 2911409 2037235 0 0 0 0 808897 832597 0 0 0 852892 869727 1661789 1702324 1249620 334911 32516964 34065882 8238184 8308305 24278780 25757577 X SHERWOOD MEMORIAL PARK, INC. OPERATES AND MAINTAINS A MEMORIAL TYPE CEMETERY AND SELLS BURIAL RIGHTS, MAUSOLEUM CRYPTS, NICHES, LAWN CRYPTS, VARIOUS MERCHANDISE AND RELATED SERVICES. SHERWOOD IS A NOT-FOR-PROFIT ORGANIZATION REGULATED UNDER VIRGINIA LAW. THE MAJORITY OF ITS CUSTOMERS ARE IN THE ROANOKE VALLEY, VIRGINIA AREA. SHERWOOD SELLS ITS PRODUCTS AND SERVICES ON A PRE-NEED AND AT-NEED BASIS AND GRANTS CREDIT TO CUSTOMERS PRIMARILY IN THIS GEOGRAPHIC AREA. 0 0 SHERWOOD MEMORIAL PARK, INC. OPERATES AND MAINTAINS A MEMORIAL TYPE CEMETERY AND SELLS BURIAL RIGHTS, MAUSOLEUM CRYPTS, NICHES, LAWN CRYPTS, VARIOUS MERCHANDISE AND RELATED SERVICES. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 0 1 0 0 VA X X SUSAN MINI PRESIDENTCEOTREASURER 5403891677 1250 EAST MAIN STREET SALEM VA 24153 JEAN G TAYLOR COB/VICE PRESIDENT 5.00 X X 10280 0 0 SUSAN MINI PRESIDENT/CEO/TREASURER 40.00 X X 172873 0 5042 KNOX L STRUBE CORPORATE SECRETARY/OFFICE 5.00 X X 10280 0 0 BYRON RANDY FOLEY DIRECTOR 5.00 X 10280 0 0 203713 0 5042 1 0 1 0 0 INTERMENTS 900099 438157 438157 CREMATIONS 900099 78000 78000 CONTRACT INTEREST 900099 4802 4802 520959 755048 755048 7054832 800 7012837 1189 41995 -389 41606 41606 1208834 500487 708347 708347 RENTAL 532000 11128 11128 MISCELLANEOUS 900099 147 147 11275 2037235 1240581 0 796654 208755 60335 489668 11787 7053 54999 1770 72465 173184 37734 40816 37373 184737 46552 CEMETERY MAINTENANCE 154227 OTHER 64300 UTILITIES 46899 SPECIAL EVENTS 9670 1702324 300 300 645560 539234 654696 556319 5497846 5462863 18788 26184 5863533 3365412 2565857 2498121 8884235 9807365 14249682 15175496 32516964 34065882 81061 73345 8157123 8234960 8238184 8308305 X 24278780 25757577 24278780 25757577 32516964 34065882 334911 1143886 0 X X 0 1 X 1 0 94722 94722 3667244 2022363 1644881 808150 539896 268254 1293417 803153 490264 2498121 PRE-NEED TRUST INVESTMENTS 7391921 PERPETUAL CARE TRUST INVESTMENTS 6847175 DEFERRED COMMISSIONS 936400 15175496 PRE-NEED DEFERRED REVENUE 8234960 8234960 X 3681608 1143886 500487 1644373 2037235 0 2037235 2202811 500487 500487 1702324 0 1702324 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING GUIDANCE FOR "UNCERTAINTY IN INCOME TAXES." THIS GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER ANY TAX POSITIONS WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED NOT TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT DECEMBER 31, 2023 AND 2022 FOR UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION HAS ADOPTED A POLICY UNDER WHICH, IF REQUIRED TO BE RECOGNIZED IN THE FUTURE, IT WILL CLASSIFY INTEREST RELATED TO THE UNDERPAYMENT OF INCOME TAXES AS A COMPONENT OF INTEREST EXPENSE, AND IT WILL CLASSIFY ANY RELATED PENALTIES IN OPERATING AND ADMINISTRATIVE EXPENSES IN THE COMBINED STATEMENT OF ACTIVITIES. CURRENTLY, THE 2020, 2021 AND 2022 TAX YEARS FOR THE ORGANIZATION ARE OPEN AND SUBJECT TO EXAMINATIONS BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON 990, PART VIII, LINE 10B 500,487. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES REPORTED ON 990, PART VIII, LINE 10B 500,487. X X X X X 0 0 0 SUSAN MINI PRESIDENT/CEO/TREASURER 150323 0 17750 0 4800 0 0 0 5042 0 177915 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS HAS THE RIGHT, AS A MAJORITY, TO ELECT NEW MEMBERS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS POSTED ON THE ORGANIZATION'S PORTAL TO BE REVIEWED BY ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FORMS ARE UPDATED ANNUALLY BY EACH EMPLOYEE AND DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S SALARY WAS REVIEWED BY THE BOARD, COMPARED WITH A SIMILAR POSITION IN VIRGINIA AND WITH THE FORMER CEO'S SALARY, AND WAS APPROVED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2(C): THE PROCESS FOR OVERSEEING THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM PRIOR YEAR.