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Nonprofiteer
← CINCINNATI FOUNDATION FOR MORTUARY EDUCATION

Form 990 for tax year 2022

Filed by CINCINNATI FOUNDATION FOR MORTUARY EDUCATION.

Totals

Total revenue
$2,050,802
Total expenses
$2,985,209
Contributions and grants received
$52,252
Grants paid
$0
Program service revenue
$1,897,740
Investment income
$2,693
Other revenue
$98,117
Total assets, end of year
$6,231,817
Total liabilities, end of year
$3,372,307
Net assets or fund balances, end of year
$2,859,510
Program services expenses (Part IX)
$2,274,548
Management and general expenses
$446,116
Fundraising expenses
$264,545
Program service expenses (Part III)
$2,274,548

Program services were 76.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $52,252

  • 2a · Program service revenue: TUITION AND FEES

    total $1,791,865 · related or exempt $1,791,865

  • 2b · Program service revenue: PREPARATION ROOM REVEN

    total $105,875 · related or exempt $105,875

  • 3 · Investment income

    total $18,091 · excluded $18,091

  • 7a · Gross sales of assets other than inventory

    securities $466,328

  • 7b · Less cost or other basis and sales expenses

    securities $481,726

  • 7c · Gain or loss

    securities -$15,398

  • 7d · Net gain or loss

    total -$15,398 · excluded -$15,398

  • 10a · Gross sales of inventory

    $89,697

  • 10b · Cost of goods sold

    $16,729

  • 10c · Net income from sales of inventory

    total $72,968 · related or exempt $72,968

  • 11a · Other revenue: MISC

    total $25,149 · related or exempt $25,149

  • 11e · Other revenue, total

    $25,149

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $304,080 · program services $101,360 · management and general $101,360 · fundraising $101,360

  • 7 · Other salaries and wages

    total $837,657 · program services $740,736 · management and general $57,314 · fundraising $39,607

  • 8 · Pension plan contributions

    total $47,033 · program services $36,922 · management and general $2,968 · fundraising $7,143

  • 9 · Other employee benefits

    total $121,740 · program services $95,568 · management and general $7,683 · fundraising $18,489

  • 10 · Payroll taxes

    total $97,808 · program services $76,781 · management and general $6,172 · fundraising $14,855

  • 11b · Fees: legal

    total $45,783 · program services $31,641 · management and general $12,976 · fundraising $1,166

  • 11c · Fees: accounting

    total $59,325 · program services $41,000 · management and general $16,814 · fundraising $1,511

  • 11f · Fees: investment management

    total $6,547 · management and general $6,547

  • 11g · Fees: other

    total $491,843 · program services $339,913 · management and general $139,402 · fundraising $12,528

  • 12 · Advertising and promotion

    total $37,813 · program services $28,934 · fundraising $8,879

  • 14 · Information technology

    total $94,928 · program services $84,014 · management and general $6,910 · fundraising $4,004

  • 16 · Occupancy

    total $140,773 · program services $124,588 · management and general $10,247 · fundraising $5,938

  • 17 · Travel

    total $75,023 · program services $53,573 · management and general $4,029 · fundraising $17,421

  • 19 · Conferences, conventions and meetings

    total $14,475 · program services $10,337 · management and general $777 · fundraising $3,361

  • 20 · Interest

    total $52,143 · management and general $52,143

  • 22 · Depreciation, depletion and amortization

    total $93,063 · program services $79,104 · management and general $9,306 · fundraising $4,653

  • 23 · Insurance

    total $16,683 · program services $15,629 · management and general $703 · fundraising $351

  • 24a · Other expenses: STUDENTS

    total $99,684 · program services $98,660 · fundraising $1,024

  • 24b · Other expenses: SUPPLIES

    total $85,683 · program services $84,568 · management and general $744 · fundraising $371

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $64,406 · program services $59,250 · management and general $2,038 · fundraising $3,118

  • 24d · Other expenses: MAINTENANCE

    total $46,197 · program services $40,371 · management and general $3,884 · fundraising $1,942

  • 24e · All other expenses

    total $152,522 · program services $131,599 · management and general $4,099 · fundraising $16,824

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,249,388 · end of year $230,373

  • 2 · Savings and temporary cash investments

    beginning of year $224,684 · end of year $100,355

  • 3 · Pledges and grants receivable

    beginning of year $27,476 · end of year $0

  • 4 · Accounts receivable

    beginning of year $450,258 · end of year $20,606

  • 8 · Inventories for sale or use

    beginning of year $27,888 · end of year $50,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,081 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $7,442,444

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,572,946

  • 10c · Land, buildings and equipment, net

    beginning of year $1,959,476 · end of year $4,869,498

  • 11 · Investments: publicly traded securities

    beginning of year $634,275 · end of year $705,242

  • 15 · Other assets

    beginning of year $180,110 · end of year $255,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,521 · end of year $254,906

  • 19 · Deferred revenue

    beginning of year $220,764 · end of year $15,000

  • 25 · Other liabilities

    beginning of year $404,584 · end of year $3,102,401

  • 27 · Net assets without donor restrictions

    beginning of year $3,607,510 · end of year $2,671,348

  • 28 · Net assets with donor restrictions

    beginning of year $344,257 · end of year $188,162

Mission and programs · 2022

Mission

MORTUARY EDUCATION ENDEAVORS TO DEVELOP PROFESSIONALS WHO CAN FUNCTION WITH DISTINCTION WITHIN THEIR CHOSEN PROFESSION AND WITHIN THE COMMUNITY OF LIFE. WE STRIVE TO PROVIDE THE BEST EDUCATION POSSIBLE FOR THE ENTRY LEVEL PRACTICE OF FUNERAL SERVICE.

Activities or mission (Part I)

WE STRIVE TO PROVIDE THE BEST EDUCATION POSSIBLE FOR THE ENTRY LEVEL PRACTICE OF FUNERAL SERVICE.

  • ALL PROGRAM SERVICE ACTIVITY IS FOR MORTUARY EDUCATION. WE SERVE APPROXIMATELY 133 STUDENTS ANNUALLY.

    Expenses $2,274,548 · Revenue $1,995,857

As filed on the 2022 return.

Listed in Part VII

  • Michael Ryan

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kenn Peterson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Shaffer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Bittner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Coleen Ellis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Flynn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Duane Hedrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Poul Lemasters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Nobbe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerome Weaver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack E Lechner Jr

    PRESIDENT AND CEO

    Total calculated
    $211,213
    From this org
    $211,213
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,213
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $211,213

  • Jerome Webster PhD

    CHIEF OPERATING OFFICER

    Total calculated
    $89,979
    From this org
    $89,979
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421359349311932

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