2025-05-09T14:15:46-05:00 2024-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-07-01 560623936 University of Mount Olive Inc % JAY REBMAN UNIV 9196582502 634 HENDERSON STREET MOUNT OLIVE NC 28365 KENNETH BUCHANAN CFO/SVP FOR FINANCE 9196582502 2025-05-07 true true SANDRA L FEINSMITH P01064157 9192781936 2025-05-07 2023 2025-03-06 01:10:19Z EDWARD CROOM 634 HENDERSON STREET MOUNT OLIVE NC 28365 59941097 false X WWW.UMO.EDU X 1951 NC SEE SCHEDULE O 27 27 650 235 0 0 8018183 5711966 40373073 43362177 2066389 1625115 -67871 -82281 50389774 50616977 12284146 12746030 0 0 18197400 17992759 0 0 741295 16627353 18279091 47108899 49017880 3280875 1599097 86936254 101622452 13387888 18193098 73548366 83429354 UNIVERSITY OF MOUNT OLIVE, INC. IS A CHRISTIAN FAITH-BASED, VALUES CENTERED PRIVATE INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. 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SCHEDULE D, PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS AND SUPPORT INSTRUCTION AND OTHER GENERAL INSTITUTIONAL NEEDS. SCHEDULE D, PART X, LINE 2: MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES (TOPIC 740) OF THE FASB ASC. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 - EXPLANATION OF NONDISCRIMINATORY POLICY: THE POLICY IS INCLUDED ON THE APPLICATION (PAPER AND WEB VERSION), THE CATALOG, AND ON THE WEBSITE - ADMISSIONS AND FUTURE STUDENTS LANDING PAGES AND EMPLOYMENT PAGE. SCHEDULE E, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY OF MOUNT OLIVE STUDENTS RECEIVE A VARIETY OF FEDERAL AND STATE GRANTS AND LOANS, INCLUDING FEDERAL WORK-STUDY, FEDERAL PELL GRANTS, NC NEED-BASED SCHOLARSHIPS, AND NC GOLDEN LEAF FOUNDATION SCHOLARSHIPS. SADIE ROBERTSON 92400 92400 3087 50000 CAR. CHRISTMAS 29475 29475 750 6492 3810 2 24710 24710 700 166 7818 9458 146585 146585 700 166 3837 14310 50000 13268 82281 -82281 true STUDENT FINANCIAL AID 1121 12383618 STUDENT GRANTS 442 362412 SCHEDULE I, PART I, LINE 2: THE DIRECTOR OF FINANCIAL AID'S OFFICE MAINTAINS ALL DOCUMENTATION TO SUPPORT THAT THE AWARDED STUDENTS HAVE SATISFIED THE ELIGIBILITY REQUIREMENTS FOR THE VARIOUS GRANTS PROVIDED TO THE UNIVERSITY FOR STUDENTS. CRITERIA FOR AWARDING ANY GRANTS IS ALSO MAINTAINED BY THE DIRECTOR OF FINANCIAL AID'S OFFICE AND IS APPROVED BY THE VP OF ENROLLMENT. X true true X X X false false false false false false false false false DR EDWARD CROOM PRESIDENT 375357 0 0 0 0 0 2000 0 49 0 377406 0 0 0 KENNETH BUCHANAN CFO/SVP BUSINESS & FINANCE 177107 0 0 0 0 0 30000 0 12037 0 219144 0 0 0 KATHY BEST DEAN - TILLMAN SCHOOL OF BUSIN 129193 0 0 0 0 0 30000 0 11755 0 170948 0 0 0 W DAN SULLIVAN SVP STUDENT AFFAIRS 144488 0 0 0 0 0 14485 0 11871 0 170844 0 0 0 ELIZABETH CARRERE EXECUTIVE VP FOR TECHNOLOGY 143201 0 0 0 0 0 7281 0 1105 0 151587 0 0 0 SCHEDULE J, PART I, LINE 1A: THE PRESIDENT OF THE UNIVERSITY IS CONTRACTUALLY OBLIGATED TO LIVE IN HOUSING ADJACENT TO THE UNIVERSITY. SUCH HOUSING IS FOR THE CONVENIENCE OF THE UNIVERSITY; ACCORDINGLY THERE ARE MULTIPLE FUNCTIONS HELD AT THE PRESIDENT'S HOME ANNUALLY. HOUSING VALUE IS APPROXIMATELY $20,000 ANNUALLY AND IS NOT TAXABLE COMPENSATION TO THE PRESIDENT. X 1 9000 FAIR MARKET VALUE X 5 123771 FAIR MARKET VALUE X FURNITURE 1 3909 FAIR MARKET VALUE 5 false true false SCHEDULE M, PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: CHRISTIAN FAITH-BASED, VALUES-CENTERED PRIVATE HIGHER EDUCATION INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. STUDENT EDUCATION AND RELATED SERVICES FOR APPROXIMATELY 5,000 STUDENTS, AUXILIARY ENTERPRISES, OPERATION OF PLANT, FOOD SERVICES, ATHLETICS AND STUDENT HOUSING. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED BY THE CONTROLLER & CFO PRIOR TO PROVIDING A COPY TO THE UNIVERSITY BOARD MEMBERS. THE FORM IS DISTRIBUTED TO THE BOARD MEMBERS PRIOR TO A SCHEDULED MEETING DURING WHICH THE FORM IS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST POLICY UNDERGOES CONSTANT REVIEW, ANY CONFLICTS ARE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION FOR THE PRESIDENT, VP OF INSTITUTIONAL ADVANCEMENT, AND VP FINANCE AND ADMINISTRATION REQUIRE THE USE OF A COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, COMPENSATION SURVEY, OR BOARD/COMMITTEE APPROVAL. DECISION PROCESS AND OUTCOME ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19: FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A, COLUMN F: THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND IS NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGE IN TRUST VALUE: $729,427 OTHER CHANGES: $112,057 TOTAL $841,484 FORM 990, PART XII, LINE 2C: THE REVIEW AND OVERSIGHT PROCESS HAS NOT CHANGED SINCE THE PRECEDING YEAR. TROJAN AVIATION LLC 634 HENDERSON STREET MOUNT OLIVE NC 28365 SEE PART VII NC 137307 390362 SEE PART VII THE UNIVERSITY OF MOUNT OLIVE FOUNDATION 634 HENDERSON STREET MOUNT OLIVE NC 28365 200371529 SEE PART VII NC 501(C)(3) LINE 12B,II SEE PART VII true false false false false false false false false false false true false false true true false false false false THE UNIVERSITY OF MOUNT OLIVE FOUNDATION K 948660 FMV SCHEDULE R, PART I, IDENTIFICATION OF DISREGARDED ENTITIES: NAME: TROJAN AVIATION, LLC PRIMARY ACTIVITY: MAINTAIN AIRCRAFT AND MANAGE THE UNIVERSITY'S FLIGHT SCHOOL DIRECT CONTROLLING ENTITY: UNIVERSITY OF MOUNT OLIVE SCHEDULE R, PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME: THE UNIVERSITY OF MOUNT OLIVE FOUNDATION PRIMARY ACTIVITY: TO SEEK ALTERNATIVE SOURCES OF SUPPORT TO STRENGTHEN THE UNIVERSITY OF MOUNT OLIVE'S OUTREACH TO STUDENTS AND THE COMMUNITY. DIRECT CONTROLLING ENTITY: UNIVERSITY OF MOUNT OLIVE