2018-11-15T14:07:58-06:00 2017-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2017-01-01 111104610 LEBANON CEMETERY ASSOCIATION OF QUEENS INC LEBA 7188210200 7800 MYRTLE AVENUE GLENDALE NY 11385 JAY L IVLER PRESIDENT 7188210200 2018-11-15 1 GARRETT M HIGGINS P00543209 9143818900 2018-11-15 65.51.112.58 2018-11-15 14:07:55 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 45D10729E84C80409783239EA0C370A8A08632B7 2017 2019-02-21 02:37:17Z JAY L IVLER 7800 MYRTLE AVENUE GLENDALE NY 11385 59014482 0 X WWW.MOUNTLEBANONCEMETERY.COM X 1929 NY MOUNT LEBANON CEMETERY CORPORATION WAS FORMED IN 1914 AND ORGANIZED AS THE LEBANON CEMETERY ASSOCIATION OF QUEENS, INC. BY A CERTIFICATE OF INCORPORATION FILED IN 1929. OUR MISSION, THEN AND NOW, IS TO MAINTAIN AND OPERATE A CEMETERY. SERVICES PROVIDED INCLUDE THE SALE OF BURIAL SPACE, TO MAKE INTERMENTS AND THE MAINTENANCE OF OUR GROUNDS. 6 4 46 0 -407207 -534008 0 0 1559753 1536465 5487689 11915756 12675 0 7060117 13452221 0 0 0 0 3074373 3422277 0 0 0 2431431 3005022 5505804 6427299 1554313 7024922 151751016 167384136 485679 322549 151265337 167061587 X MOUNT LEBANON CEMETERY CORPORATION WAS FORMED IN 1914 AND ORGANIZED AS THE LEBANON CEMETERY ASSOCIATION OF QUEENS, INC. BY A CERTIFICATE OF INCORPORATION FILED IN 1929. OUR MISSION, THEN AND NOW, IS TO MAINTAIN AND OPERATE A CEMETERY. SERVICES PROVIDED INCLUDE THE SALE OF BURIAL SPACE, TO MAKE INTERMENTS AND THE MAINTENANCE OF OUR GROUNDS. 0 0 THE MAINTENANCE OF THE CEMETERY, THE SALE OF GRAVES, THE CARE OF GRAVES, AND THE BURIAL OF THE DEAD WERE THE PROGRAM SERVICES PROVIDED RELATING TO THE EXPENDITURES SHOWN IN PART IX. IN 2017, THE ORGANIZATION SOLD 50 GRAVES, 4 FAMILY PLOTS, 23 MAUSOLEUM CRYPT SPACES, AND 8 MAUSOLEUM NICHE SPACES WHICH LED TO SALES OF $594,550. IN ADDITION, THE ORGANIZATION HELD 281 INTERMENTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 34 0 46 1 1 1 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JAY L IVLER 7188210200 7800 MYRTLE AVENUE GLENDALE NY 11385 JAY L IVLER PRESIDENT & DIRECTOR 40.00 X X 329600 0 55190 MATTHEW IVLER VICE PRESIDENT & DIRECTOR 40.00 X X 164700 0 55246 A ALLEN BLOCK DIRECTOR 0.20 X 13600 0 0 DALE DEGENSHEIN DIRECTOR (THRU 11/7/2017) 0.20 X 7200 0 0 ALLAN KOMITEE DIRECTOR 0.50 X 0 0 0 MICHAEL NUSSBAUM DIRECTOR 0.50 X 16700 0 0 DOMINICK TARANTINO DIRECTOR 0.20 X 13200 0 0 JAN NEUMAN SECRETARY AND TREASURER 40.00 X 187000 0 90512 ROBERT HOUDE SUPERINTENDENT 40.00 X 122904 0 46991 ALAN HANDLER LEGAL COUNSEL 24.00 X 105000 0 14720 959904 0 262659 5 0 1 0 UBS FINANCIAL SERVICES 1285 AVENUE OF THE AMERICAS NEW YORK NY 10019 INVESTMENT MANAGEMENT FEES 1044372 UBS FINANCIAL SERVICES ONE JERICHO PLAZA JERICHO NY 11753 INVESTMENT MANAGEMENT FEES 327334 BRIGHTVIEW LANDSCAPE SERVICES LLC PO BOX 740655 ATLANTA GA 303740655 LANDSCAPING 166163 3 SALES OF LOTS, GRAVES AND CRYPTS 900099 594550 594550 SERVICE CHARGES 900099 579501 579501 CARE AND PLANTING SERVICES 900099 362414 362414 1536465 4576703 -527597 5104300 52901314 45562261 7339053 7339053 120390 7218663 13452221 1536465 -407207 12322963 1051115 1652653 107491 402212 208806 15632 75915 1405679 23202 33465 88552 82841 89843 20651 71397 317613 MAINTENANCE 640132 LAND SALES EXPENSE 140100 6427299 149517 169372 10016685 9271955 147328 157488 86458 5467532 2345259 3075314 3122273 131330580 145620164 6863309 8786329 168283 170097 151751016 167384136 37616 43486 75229 120090 372834 158973 485679 322549 X 151265337 167061587 151265337 167061587 151751016 167384136 X 7024922 8043500 727828 X X 0 1 X 1 0 20000 20000 5239314 2256020 2983294 208218 89239 118979 3122273 ALTERNATIVE INVESTMENTS 8786329 F 8786329 DUE TO CERTIFICATE HOLDERS 35690 DEFERRED GAINS ON OPTION SALES 123283 158973 X 20090042 8043500 8043500 12046542 1405679 1405679 13452221 5021620 0 5021620 1405679 1405679 6427299 PART X, LINE 2: THE CEMETERY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE THAN LIKELY NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CEMETERY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 4293029 0 0 0 0 0 0 4293029 0 4293029 1 0 1 0 0 0 PART IV, LINE 1: THE ORGANIZATION IS REQUIRED TO FILE FORM 926 BECAUSE IT MEETS THE APPLICABLE FILING THRESHOLD REQUIREMENT. PART IV, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD FOR OWNERSHIP OR OTHER FILING REQUIREMENTS. X X 0 0 0 JAY L IVLER PRESIDENT & DIRECTOR 309600 0 20000 0 0 0 20640 0 34550 0 384790 0 0 0 MATTHEW IVLER VICE PRESIDENT & DIRECTOR 149700 0 15000 0 0 0 26782 0 28464 0 219946 0 0 0 JAN NEUMAN SECRETARY AND TREASURER 167000 0 20000 0 0 0 58113 0 32399 0 277512 0 0 0 ROBERT HOUDE SUPERINTENDENT 115904 0 7000 0 0 0 27195 0 19796 0 169895 0 0 0 JORDAN IVLER SON OF PRESIDENT AND BROTHER OF VICE PRESIDENT 135591 FULL-TIME EMPLOYEE 0 FORM 990, PART VI, SECTION A, LINE 2 JAY AND MATTHEW IVLER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE OWNERS OF BURIAL RIGHTS. ALL INDIVIDUALS WHO PURCHASE BURIAL RIGHTS AND HAVE PAID IN FULL ARE ISSUED A DEED. OWNERSHIP OF THE BURIAL RIGHT PASSES IN ACCORDANCE WITH NYS LAW IF NOT SPECIFICALLY DEVISED IN A WILL OR BY COURT ORDER. THE CERTIFICATE HOLDERS RECEIVE A SHARE OF THE NET SALES FROM LAND, GRAVES, AND CRYPTS SEMI-ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7A THE CEMETERY'S BOARD HAS QUARTERLY MEETINGS AND IS IN ACCORDANCE WITH NYS DIVISION OF CEMETERIES AND THE CEMETERY'S BY-LAWS. AT A DESIGNATED QUARTERLY MEETING THE MEMBERS ELECT THE BOARD OF DIRECTORS SEATS WHOSE TERMS HAVE EXPIRED. EACH MEMBER/OWNER IS ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS (OWNERS OF BURIAL RIGHTS) VOTE TO RATIFY THE DECISIONS OF MANAGEMENT. PRIMARY DECISIONS OF THE BOARD OF DIRECTORS ARE PRESENTED TO THE MEMBERS. MEMBERS VOTE WITH RESPECT TO OPEN BOARD POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE LEBANON CEMETERY ASSOCIATION OF QUEENS, INC. 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. THE FORM 990 IS PREPARED, REVIEWED BY MANAGEMENT AND FILED WITH THE INTERNAL REVENUE SERVICE. IT IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION SUBSEQUENT TO THE RETURN'S FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DOES HAVE A WRITTEN CONFLICT OF INTEREST POLICY. AT EACH BOARD MEETING THE CONFLICT OF INTEREST POLICY IS MENTIONED. ALL BOARD MEMBERS ARE AWARE OF THE NECESSITY OF DISCLOSING ANY CONFLICT OF INTEREST. IF A CONFLICT WERE TO ARISE, IT IS DISCUSSED BY THE BOARD, AND DECISION IS VOTED ON ABOUT HOW TO HANDLE THE CONFLICT. ANY CONFLICTED BOARD MEMBER MAY NOT VOTE ON, OR PARTICIPATE IN ANY MATTER IN WHICH THEY HAVE AN INTEREST. ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICTS OF INTEREST DISCLOSURE FORM AND NOTIFY THE CHAIRMAN IF CIRCUMSTANCES CHANGE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 AT THE ORGANIZATION'S BOARD OF DIRECTOR'S MEETING HELD IN MARCH, THE BOARD OF DIRECTORS VOTE UPON PROPOSED INCREASES FOR OFFICERS. THESE POSITIONS INCLUDE PRESIDENT, VICE PRESIDENT, AND SECRETARY/TREASURER. THE DETERMINATION IS MADE USING A REVIEW OF COMPARABLE DATA FROM SIMILAR ORGANIZATIONS AND EMPLOYMENT COST INDEX FIGURES AS A GUIDELINE. UPON BOARD APPROVAL COMPENSATION IS ESTABLISHED. THIS PROCESS LAST OCCURRED IN MARCH 2017. 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 POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 7800 MYRTLE AVENUE, GLENDALE, NY 11385...OR BY CALLING THE ORGANIZATION DIRECTLY AT (718)-821-0200. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 310,108. ADDITIONS TO ENDOWED CARE TRUST FUNDS 417,720. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE BOARD OF DIRECTOR'S MAKES THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.