2020-07-15T15:43:39-05:00 2019-08-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2018-09-01 821821173 DIOCESE ROCKVILLE CENTRE CATHOLIC CEMETERY PERMANENT MAINT TRUST DIOC 5163347990 111 OLD COUNTRY ROAD WESTBURY NY 11590 RICHARD C BIE PRESIDENT/CEO 5163347990 2020-07-15 1 GARRETT M HIGGINS P00543209 9143818900 2020-07-06 24.190.81.239 2020-07-15 15:43:35 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2018 2021-09-10 13:11:23Z RICHARD C BIE 111 OLD COUNTRY ROAD WESTBURY NY 11590 159143146 0 X N/A X 2017 NY MAINTAINENACE FOR THE CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE. 10 10 0 10 0 0 63132848 0 1373560 1586289 1452000 173927 239550 241250 66197958 2001466 0 2214198 0 0 0 0 0 0 0 0 111620 0 2325818 66197958 -324352 71410119 72698327 76704 101361 71333415 72596966 TO PROVIDE FOR THE PERMENANT MAINTENANCE OF THE CATHOLIC CEMETERIES AND MAUSOLEUMS OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE, NEW YORK. 0 0 THE DIOCESE OF ROCKVILLE CENTRE CATHOLIC CEMETERY PERMANENT MAINTENANCE TRUST PROIVDES FUNDS TO RESPECTFULLY MAINTAIN AND PRESERVE THE CEMETERY GROUNDS OF THE CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE, NEW YORK. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X JOHN F KENNEDY CFO 5163347990 111 OLD COUNTRY ROAD WESTBURY NY 11590 RICHARD SULLIVAN CHAIRMAN 1.00 1.00 X X 0 0 0 CHARLES ADAMS VICE CHAIRMAN 1.00 1.00 X X 0 0 0 MARYANN CUDAHY DIRECTOR (THRU 08/2019) 1.00 1.00 X 0 0 0 JAMES M FOLKS JR DIRECTOR 1.00 1.00 X 0 0 0 DOUGLAS J HAYDEN DIRECTOR 1.00 1.00 X 0 0 0 JOHN P LANE DIRECTOR 1.00 1.00 X 0 0 0 PATRICIA NAZEMETZ DIRECTOR 1.00 1.00 X 0 0 0 GUS NUZZOLESE DIRECTOR 1.00 1.00 X 0 0 0 REV IRINEL RACOS DIRECTOR 1.00 1.00 X 0 0 0 REV ROBERT SMITH DIRECTOR 1.00 1.00 X 0 0 0 JOSEPH TANTILLO DIRECTOR 1.00 1.00 X 0 0 0 PETER QUICK DIRECTOR (THRU 08/2019) 1.00 1.00 X 0 0 0 RICHARD C BIE PRESIDENT/CEO 1.00 40.00 X 0 253261 51291 JOHN F KENNEDY CFO AS OF DEC. 2018 1.00 40.00 X 0 3846 0 0 257107 51291 0 0 1 0 0 MAINTENANCE CARE FEES 900099 1586289 1586289 1586289 1412991 1412991 241250 241250 155902616 157141680 -1239064 -1239064 -1239064 2001466 1586289 0 415177 2214198 2214198 111620 111620 2325818 2214198 111620 0 5397759 67226358 60924465 3650000 4000000 533761 2376103 71410119 72698327 55810 76704 45551 76704 101361 X 71333415 72596966 71333415 72596966 71410119 72698327 X -324352 -300200 1888103 0 X X 0 1 X 1 0 0 INTEREST IN LISTERINE ROYALTY TRUST 4000000 F 4000000 DUE TO AFFILIATE 45551 45551 X 12087026 -300200 12711578 12411378 -324352 111620 2214198 2325818 2001466 11250958 11250958 11250958 0 111620 2214198 2325818 2325818 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. TAX YEARS SINCE INCEPTION (SEPTEMBER 1, 2017) REMAIN OPEN TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDIATED ENTITY 12,711,578. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS FROM COMBINED FINANCIAL STATEMENTS 2,214,198. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDIATED ENTITY 11,250,958. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS FROM COMBINED FINANCIAL STATEMENTS 2,214,198. 1 CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE INC 111 OLD COUNTRY ROAD WESTBURY NY 11590 812659126 501(C)(3) 2214198 FOR MAINTENANCE COSTS 1 0 PART I, LINE 2: THE PERMANENT MAINTENANCE TRUST MONITORS ITS GRANT TO ITS AFFILIATED ORGANIZATION, CATHOLIC CEMETERIES, THROUGH INTERNAL REPORTING TO ENSURE THAT SUCH GRANTS ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THE INTENDED USE. 0 0 0 RICHARD C BIE PRESIDENT/CEO 0 252401 0 400 0 460 0 24750 0 26541 0 304552 0 0 PART I, LINE 3 THE PRESIDENT/CEO AND THE CFO ARE COMPENSATED BY A RELATED ORGANIZATION, CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENRE INC. THE FOLLOWING IS THE COMPENSATION REVIEW PROCESS FOR THE OFFICERS: THE COMPENSATION OF THE PRESIDENT/CEO AND THE CFO WERE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION REVIEW PROCESS OF THE CEO AND THE CFO INCLUDED A REVIEW OF BOTH INDIVIDUAL AND CORPORATE-WIDE PERFORMANCE DURING THE YEAR. RECOMMENDATIONS FOR ADJUSTMENT WERE APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. THE PROCESS FOR COMPENSATION REVIEW WAS LAST UNDERTAKEN IN 2019. FORM 990, PART VI, SECTION B, LINE 11B CATHOLIC CEMETERIES HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE CEO, CFO AND THE CHAIRMAN OF THE BOARD AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS AND TRUST AGREEMENT ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART VI, SECTION B, LINES 12 - 14: THE ORGANIZATION FOLLOWS THE POLICIES OF ITS' PARENT COMPANY, CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE INC, BUT HAS NOT FORMALLY ADOPTED THEM AS ITS' OWN POLICIES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 8: EFFECTIVE SEPTEMBER 1, 2018, THE ORGANIZATION ADOPTED NEW U.S. GAAP REVENUE RECOGNITION GUIDANCE WHICH PROVIDES A SINGLE COMPREHENSIVE MODEL FOR ENTITIES TO USE IN ACCOUNTING FOR REVENUE ARISING FROM CONTRACTS WITH CUSTOMERS AND SUPERSEDES MOST CURRENT REVENUE RECOGNITION GUIDANCE. THE NEW REVENUE RECOGNITION GUIDANCE DOES NOT APPLY TO HOW CONTRIBUTIONS AND PLEDGES ARE RECOGNIZED, AS THEY ARE SPECIFICALLY SCOPED OUT OF THE NEW GUIDANCE. THE CORE PRINCIPLE OF THE NEW GUIDANCE IS THAT AN ENTITY SHOULD RECOGNIZE REVENUE FROM THE TRANSFER OF PROMISED GOODS OR SERVICES TO CUSTOMERS IN AN AMOUNT THAT REFLECTS THE CONSIDERATION THE ENTITY EXPECTS TO RECEIVE FOR THOSE PROMISED GOODS OR SERVICES TO CUSTOMERS. THE GUIDANCE INCLUDES A FIVE-STEP FRAMEWORK TO DETERMINE THE TIMING AND AMOUNT OF REVENUE TO RECOGNIZE RELATED TO CONTRACTS WITH CUSTOMERS. IN ADDITION, THIS GUIDANCE REQUIRES NEW OR EXPANDED DISCLOSURES RELATED TO JUDGMENTS MADE BY ENTITIES WHEN FOLLOWING THIS FRAMEWORK. THE ORGANIZATION ADOPTED THE NEW GUIDANCE ON A MODIFIED RETROSPECTIVE BASIS WHEREBY A CUMULATIVE EFFECT ADJUSTMENT WAS MADE TO OPENING NET ASSETS. AS A RESULT OF THIS NEW REVENUE RECOGNITION GUIDANCE, THE TRUST RECORDED A ONE-TIME PRIOR PERIOD ADJUSTMENT FOR PERMANENT MAINTENANCE FEES PREVIOUSLY INCLUDED IN DEFERRED REVENUE IN THE AMOUNT OF $1,888,103. CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE INC 111 OLD COUNTRY ROAD WESTBURY NY 11590 812659126 TO OPERATE CATHOLIC CEMETERIES NY 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0