Nonprofit · EIN 54-0377970
SHERWOOD MEMORIAL PARK INC
Tax-exempt · SALEM, VA 24153
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,911,837 | $1,813,596 | $2,098,241 | $35,774,767 | $8,249,140 | $27,525,627 |
| December 31, 2023 | 990 | $2,037,235 | $1,702,324 | $334,911 | $34,065,882 | $8,308,305 | $25,757,577 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $568,647
- Investment income
- $2,581,912
- Net gain from sales of assets
- $1,735,469
- Net income from sales of inventory
- $747,898
- Other revenue
- $761,278
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $220,812
- Other salaries and wages
- $596,860
- Salaries, compensation and benefits (total)
- $891,836
- Professional fundraising fees
- $0
- Legal fees
- $2,938
- Accounting fees
- $84,439
- Depreciation
- $188,545
Balance sheet and other
- Total assets, start of year
- $34,065,882
- Total assets, end of year
- $35,774,767
- Total liabilities, end of year
- $8,249,140
- Net assets, end of year
- $27,525,627
- Land, buildings and equipment
- $2,432,712
- Publicly traded securities
- $10,627,956
- Net assets without donor restrictions
- $27,525,627
- Gross receipts
- $11,898,274
- Employees
- 14
- Volunteers
- 5
- Year formed
- 1928
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUSAN MINI | PRESIDENT/CEO/TREASURER Trustee or director, Officer | 40 | $190,520 | $5,572 |
| JEAN G TAYLOR | COB/VICE PRESIDENT Trustee or director, Officer | 5 | $8,240 | $0 |
| KNOX L STRUBE | CORPORATE SECRETARY/OFFICE Trustee or director, Officer | 5 | $8,240 | $0 |
| BYRON RANDY FOLEY | DIRECTOR Trustee or director | 5 | $8,240 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUSAN MINI | PRESIDENT/CEO/TREASURER Trustee or director, Officer | 40 | $172,873 | $5,042 |
| JEAN G TAYLOR | COB/VICE PRESIDENT Trustee or director, Officer | 5 | $10,280 | $0 |
| KNOX L STRUBE | CORPORATE SECRETARY/OFFICE Trustee or director, Officer | 5 | $10,280 | $0 |
| BYRON RANDY FOLEY | DIRECTOR Trustee or director | 5 | $10,280 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30, SALEM, VA 24153-0030
- Principal officer (990 for 2024)
- SUSAN MINI, PO BOX 30, SALEM, VA 241530030
- Signed the 990
- SUSAN MINI, PRESIDENT
- Phone
- (540) 389-2171
- Website
- WWW.SHERWOODMEMORIALPARK.COM
- Return prepared by
- MCLEAN KOEHLER SPARKS & HAMMOND
Mission
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0377970
- Tax-exempt status
- 501(c)(13): Cemetery company
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $35,774,767
- Income (IRS master file)
- $11,898,274
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,911,837 | $1,813,596 | $35,774,767 | XML |
| 990 | December 2023 | $2,037,235 | $1,702,324 | $34,065,882 | XML |
| 990 | December 2022 | $2,911,409 | $1,661,789 | $32,516,964 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0377970).
Questions about SHERWOOD MEMORIAL PARK INC
- What is the EIN of SHERWOOD MEMORIAL PARK INC?
- The employer identification number (EIN) of SHERWOOD MEMORIAL PARK INC is 54-0377970.
- Is SHERWOOD MEMORIAL PARK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(13) since 1967.
- Are donations to SHERWOOD MEMORIAL PARK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does SHERWOOD MEMORIAL PARK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHERWOOD MEMORIAL PARK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHERWOOD MEMORIAL PARK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHERWOOD MEMORIAL PARK INC?
- The 990 for the year ended December 31, 2024 names SUSAN MINI.
- Who are the officers and directors of SHERWOOD MEMORIAL PARK INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $190,520 (SUSAN MINI, PRESIDENT/CEO/TREASURER).
- How much revenue does SHERWOOD MEMORIAL PARK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,911,837, expenses of $1,813,596 and total assets of $35,774,767 at year end.
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