2017-11-14T11:25:28-06:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2016-01-01 111104610 LEBANON CEMETERY ASSOCIATION OF QUEENS INC LEBA 7188210200 7800 MYRTLE AVENUE GLENDALE NY 11385 JAY L IVLER PRESIDENT 7188210200 2017-11-13 1 GARRETT M HIGGINS P00543209 9143818900 2017-11-13 65.51.112.58 2017-11-13 19:31:55 ES P C63E204139530C7A73D948D9DBE25A8631A7AD1B DBE3753688BC1776818C679406F8E276569BC57D 2016 2017-02-10 21:41:12Z JAY L IVLER 7800 MYRTLE AVENUE GLENDALE NY 11385 67552320 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. 7 5 50 0 -170984 -261772 0 0 1740898 1559753 9835089 5487689 0 12675 11575987 7060117 0 0 0 0 2805813 3074373 0 0 0 2488533 2431431 5294346 5505804 6281641 1554313 141706092 151751016 752890 485679 140953202 151265337 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 2016, THE ORGANIZATION SOLD 65 GRAVES, 4 FAMILY PLOTS, 20 CRYPTS AND 4 MAUSOLEUM NICHES WHICH LED TO SALES OF $604,090. IN ADDITION, THE ORGANIZATION HELD 281 INTERMENTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 33 0 50 1 1 1 0 0 0 0 0 0 0 0 0 X 7 5 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 325700 0 61911 MATTHEW IVLER VICE PRESIDENT & DIRECTOR 40.00 X X 159800 0 37789 ALLAN KOMITEE DIRECTOR 0.50 X 16700 0 0 MICHAEL NUSSBAUM DIRECTOR 0.50 X 18800 0 0 A ALLEN BLOCK DIRECTOR 0.20 X 13600 0 0 DALE DEGENSHEIN DIRECTOR 0.20 X 11700 0 0 DOMINICK TARANTINO DIRECTOR 0.20 X 13200 0 0 JAN NEUMAN SECRETARY AND TREASURER 40.00 X 181000 0 46986 740500 0 146686 3 0 1 0 UBS FINANCIAL SERVICES 1285 AVENUE OF THE AMERICAS NEW YORK NY 10019 INVESTMENT MANAGEMENT 791151 UBS FINANCIAL SERVICES ONE JERICHO PLAZA JERICHO NY 11753 INVESTMENT MANAGEMENT 237862 2 SALES OF LOTS, GRAVES AND CRYPTS 900099 604090 604090 SERVICE CHARGES 900099 565523 565523 CARE AND PLANTING SERVICES 900099 390140 390140 1559753 4587439 -306160 4893599 61392453 60492203 900250 900250 135176 765074 REFUND 900099 12675 12675 12675 7060117 1559753 -170984 5671348 887186 1471457 140599 376481 198650 24090 83065 1060510 28324 16637 98408 86629 86858 16700 84111 211842 MAINTENANCE 488451 LAND SALES EXPENSE 145806 5505804 207835 149517 9100452 10016685 176868 147328 5349176 2273862 3159425 3075314 121896938 131330580 6994397 6863309 170177 168283 141706092 151751016 28444 37616 120665 75229 603781 372834 752890 485679 X 140953202 151265337 140953202 151265337 141706092 151751016 X 1554313 8339198 418624 X X 0 1 X 1 0 20000 20000 5239314 2218244 3021070 89862 55618 34244 3075314 DUE TO CERTIFICATE HOLDERS 42862 DEFERRED GAINS ON OPTION SALES 25467 PENSION LIABILITY 304505 372834 X 14326567 8339198 8339198 5987369 1060510 12238 1072748 7060117 4433056 0 4433056 1060510 12238 1072748 5505804 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. THE CEMETERY IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: SALE OF EQUIPMENT REPORTED ON PART VIII, LINE 7A, (II)OTHER 12,238. PART XII, LINE 4B - OTHER ADJUSTMENTS: SALE OF EQUIPMENT REPORTED ON PART VIII, LINE 7A, (II)OTHER 12,238. X X 0 0 0 JAY L IVLER PRESIDENT & DIRECTOR 305700 0 20000 0 0 0 37769 0 24142 0 387611 0 0 0 MATTHEW IVLER VICE PRESIDENT & DIRECTOR 144800 0 15000 0 0 0 10689 0 27100 0 197589 0 0 0 JAN NEUMAN SECRETARY AND TREASURER 161000 0 20000 0 0 0 18704 0 28282 0 227986 0 0 0 JORDAN IVLER SON OF PRESIDENT OF THE ORGANIZATION 125623 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. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PRESENTED TO THE BOARD OF DIRECTORS AT THE QUATERLY MEETING AFTER THE FILING DATE, FOR REVIEW AND DISCUSSION. ANY COMMENTS ARE GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR 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 ON THE FIRST TUESDAY OF MARCH, THE BOARD OF DIRECTORS VOTE UPON PROPOSED INCREASES FOR OFFICERS USING COMPARABLE DATA FROM SIMILAR ORGANIZATIONS AND AN EMPLOYMENT COST INDEX AS A GUIDELINE. UPON BOARD APPROVAL COMPENSATION IS ESTABLISHED. THIS PROCESS LAST OCCURRED IN MARCH 2016. 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 23,184. ADDITIONS TO ENDOWED CARE TRUST FUNDS 395,440. 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.