2022-05-02T10:00:28-05:00 2021-06-30 346565596 ERNST & YOUNG US LLP 40 WESTMINSTER ST STE 800 PROVIDENCE RI 02903 990 2020-07-01 756690165 OTHA E HERRING SCHOLARSHIP FUND I HERR 2522464027 PO BOX 919798 ORLANDO FL 328919798 TRUIST BANK DIRECTOR 2522464027 2022-04-14 true RICHARD RALEIGH P00382844 4014573839 2022-04-14 2020 2022-09-23 18:48:47Z X TRUIST BANK PO BOX 919798 ORLANDO FL 32891 1226942 false X N/A X 2003 NC PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNTOLIVE COLLEGE 6 0 0 0 0 0 0 225047 177443 0 225047 177443 187113 173754 0 43814 45902 0 0 5721 2629 236648 222285 -11601 -44842 3034633 2987006 0 0 3034633 2987006 PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNTOLIVE COLLEGE false false 196705 173754 PROVIDE SCHOLARSHIPS TO STUDENTS WHO ATTEND MT. OLIVE COLLEGE 196705 true false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false X 6 0 false false false false true true false true true false false true false false false false false false NC X TRUIST BANK 2522464027 PO BOX 919798 ORLANDO FL 32891 TIM WOODWARD PRESIDENT 1.0 X X 0 0 0 BRIAN BLACKBURN TREASURER 1.0 X X 0 0 0 LYNNE SMITH SECRETARY 1.0 X X 0 0 0 MARY DRUMMOND TRUSTEE 1.0 X 0 0 0 CLARK DRUMMOND TRUSTEE 1.0 X 0 0 0 TRUIST BANK TRUSTEE 1.0 X 45902 0 0 45902 0 0 false false false 86889 86889 1140053 1049499 90554 90554 90554 177443 177443 173754 173754 45902 22951 22951 12 12 FOREIGN TAXES WITHHELD 1788 1788 REAL ESTATE TAXES 432 432 ADR FEES 249 249 REAL ESTATE EXPENSES 148 148 222285 196705 25580 0 3388 59 225039 123545 11445 11445 11445 2794761 2851957 3034633 2987006 0 0 X 3034633 2987006 3034633 2987006 3034633 2987006 X -44842 -2785 X false false false X X 1 UNIVERSITY OF MOUNT OLIVE INC 560623936 2 true 173754 0 1 173754 0 true false false false false false false false false false false false false false false true false 0 0 0 0 0 0 11445 11445 11445 false UNIVERSITY OF MOUNT OLIVE INC 634 HENDERSON STREET MOUNT OLIVE NC 28365 560623936 173754 PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE 1 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 ALL DISTRIBUTIONS ARE MADE IN ACCORDANCE WITH THE TRUST DOCUMENT TO THE SUPPORTED ORGANIZATION. EXPLANATION FOR FORM 990, PART VII, SECTION A TRUIST BANK ACTS AS THE INSTITUTIONAL TRUSTEE FOR THE OTHA A HERRING SCHOLARSHIP FUND I TRUST. TIM WOODWARD, BRIAN BLACKBURN, AND LYNNE SMITH ARE CO-TRUSTEE'S. MR. WOODWARD, MR. BLACKBURN, AND MS. SMITH ARE ALSO EMPLOYED BY THE UNIVERSITY OF MOUNT OLIVE, WHICH IS THE TRUST'S SUPPORTED ORGANIZATION. EXPLANATION FOR FORM 990, PART VII, SECTION A TRUIST BANK HAS MADE MULTIPLE GOOD FAITH ATTEMPTS TO OBTAIN SALARY AND BENEFIT INFORMATION FROM MR. WOODWARD, MR. BLACKBURN, AND MS. SMITH. AT THIS TIME, TRUIST BANK HAS NOT BEEN ABLE TO VERIFY THE 2020 SALARY AND BENEFIT INFORMATION FOR MR. WOODWARD, MR. BLACKBURN, AND MS. SMITH. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF THE TRUST ARE FAMILY MEMBERS OF THE GRANTOR, THE CORPORATE TRUSTEE, AND COLLEGE APPOINTED TRUSTEES. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7a UP TO FOUR TRUSTEES ARE APPOINTED BY THE PRESIDENT OF THE SUPPORTED ORGANIZATION, THE COLLEGE. THE FAMILY MEMBER TRUSTEES ARE APPOINTED BY THE GRANTOR'S ISSUE. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW THE INSTITUTIONAL TRUSTEE COORDINATES THE PREPARATION OF FORM 990 WITH AN ACCOUNTING FIRM AND SHARES IT WITH THE INDIVIDUAL TRUSTEES PRIOR TO FILING. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c NONE FORM 990, PAGE 6, PART VI, LINE 15a NONE FORM 990, PAGE 6, PART VI, LINE 15b NONE FORM 990, PAGE 6, PART VI, LINE 18 WE MAKE OUR FORM 1023 AND FORMS 990 AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PAGE 6, PART VI, LINE 19 WE MAKE OUR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST EXPLANATION FOR FORM 990, PART XI, LINE 9 THE DIFFERENCE BETWEEN BEGINNING AND ENDING NET ASSETS IS DUE TO 2020 TRANSACTIONS POSTED IN 2021 IN THE AMOUNT OF ($2,644.66), RETURN OF CAPITAL ADJUSTMENTS IN THE AMOUNT OF ($142.98), AN ADJUSTMENT TO INCOME OF $1.79, AND ROUNDING OF $1. UNIVERSITY OF MOUNT OLIVE INC 634 HENDERSON STREET MOUNT OLIVE NC 28365 560623936 UNIVERSITY NC 501(c)(3) 2 N/A false false true false false false false false false false false false false false false false false false false false UNIVERSITY OF MOUNT OLIVE INC b 173754