Neptune Society

The Neptune Society, Inc. is a US provider of cremation services. Its was founded in Plantation, Florida.[1]

The San Francisco Columbarium has been owned and operated by the Neptune society since the 1970s

History

The Neptune Society was established in 1973 and was incorporated in 1985.[2]

In 1999, the Neptune Society announced its completion of equity financing of $7 million with Standard Securities Capital Corp. in Toronto and appointed Marco Markin as president and chief executive.[3] In 2000, the company announced it had acquired the Cremation Society of Iowa[4] and registered with the Securities and Exchange Commission to be listed on the Nasdaq Stock Exchange.[5] In 2003, it was reported that an $11.5 million deal proposed by the firm of Walt Disney’s great-nephew to buy Neptune Society was called off.[6]

In June 2011, Service Corporation International announced it had purchased control by buying a 70 percent share of the company. At that time, the company's annual revenues were more than $55 million and it had more than $125 million in future revenue on its books.[7]

Neptune Memorial Reef
Main article: Neptune Memorial Reef
The Neptune Memorial Reef's underwater gates.

The Neptune Memorial Reef is an underwater memorial 3.25 miles (5.23 km) off the coast of Key Biscayne, Florida, where cremated ashes can be interred. Neptune's burial at sea involves mixing cremated remains into concrete for a sturdy and secure final resting place.

Neptune Society Columbarium
Main article: Neptune Society Columbarium
Columbarium interior

The Neptune Society Columbarium of San Francisco is an architectural landmark in San Francisco and is the city's only nondenominational public burial space. The columbarium was built in 1898 by architect Bernard J.S. Cahill and is currently operated and maintained by the Neptune Society of Northern California. The copper-domed, Neo-Classical structure houses more than 8,500 niches for cremation urns. The building was designated as a San Francisco city landmark in 1996.

Controversies

There have been a number of controversies with the Neptune Society. In the late 1990s, the company settled lawsuits from the widow of a former Burbank mayor[8] and 308 Southern California residents who claimed remains were mishandled.[9]

In November 2013, residents of East Oakland and members of Communities for a Better Environment (CBE) gathered around the Neptune Society office on Grand Avenue to protest against the planned construction of a new crematory that would accommodate 3,000 remains. Opposition was primarily driven by environmental concerns.[10] Arguments in favor of the facility pointed to job creation and other possible benefits of the crematory.[11]

References
  1. "The Neptune Society, Inc.: Private Company Information - Businessweek". Investing.businessweek.com. Archived from the original on January 4, 2011. Retrieved 2015-03-02.
  2. "Neptune Society Completes $7-Million Equity Financing". Los Angeles Times. 2000-04-11. Retrieved 2020-06-09.
  3. "Neptune Society Names President". Los Angeles Times. 1999-10-29. Retrieved 2020-06-09.
  4. "Neptune Society Says It Has Acquired Iowa Firm". Los Angeles Times. 2000-10-10. Retrieved 2015-03-02.
  5. "Neptune Society Seeking to Trade on Nasdaq". Los Angeles Times. 2000-04-11. Retrieved 2020-06-09.
  6. "Deal to Buy Neptune Society Is Called Off". Los Angeles Times. 2003-10-16. Retrieved 2020-06-09.
  7. Crocker, Ronnie (2011-06-04). "SCI acquires 70 percent of Neptune Society". Houston Chronicle. Retrieved 2023-03-10.
  8. Berger, Leslie (2000-10-10). "Settlement Reached in Neptune Society Suit : Legal: Sources say widow of former Burbank mayor will receive almost $1 million after her husband's remains were mishandled and his cremation delayed". Los Angeles Times. Retrieved 2020-06-09.
  9. Spano, John (1988-01-23). "Neptune Society Offering $2.6 Million in Settlement". Los Angeles Times. Retrieved 2015-03-02.
  10. "East Oakland residents protest Neptune Society crematorium plan". Oaklandlocal.com. 2013-12-04. Archived from the original on 2014-08-02. Retrieved 2015-03-02.
  11. Johnson, Chip (2014-04-08). "Oakland City Council dead wrong in fighting crematorium". SFGate. Retrieved 2015-03-02.
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