2020-05-15T07:12:02-05:00 2019-06-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2018-07-01 560623936 UNIVERSITY OF MOUNT OLIVE UNIV 9196582502 634 HENDERSON ST MOUNT OLIVE NC 28365 JEREMY SHREVE VP FOR FINANCE 9196582502 2020-05-14 1 YONG ZHANG CPA P01249785 3362724551 96.241.128.75 2020-05-14 12:42:14 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5BB3B986E96693C9FA12ABDB8E5DE88F5CFF60A5 2018 2020-09-23 17:36:50Z UNIVERSITY OF MOUNT OLIVE DR DAVID L POOLE 634 HENDERSON ST MOUNT OLIVE NC 28365 63953655 0 X WWW.UMO.EDU X 1951 NC 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. 28 26 985 235 0 0 4152139 5931827 46394155 43538192 979523 513732 -17250 -14722 51508567 49969029 9075864 9153279 0 0 23048859 23113848 0 0 956162 21097132 21211347 53221855 53478474 -1713288 -3509445 72368787 74482851 22643063 26053071 49725724 48429780 UNIVERSITY OF MOUNT OLIVE, INC. IS A CHRISTIAN FAITH-BASED, VALUES-CENTERED PRIVATE INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. WE SERVE OUR STUDENTS, OUR FOUNDING CHURCH, AND OUR COMMUNITIES. 0 0 41026828 9153279 43538192 CHRISTIAN FAITH-BASED, VALUES-CENTERED PRIVATE HIGHER EDUCATION INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. STUDENT EDUCATION AND RELATED SERVICES FOR APPROXIMATELY 3,000 STUDENTS, AUXILIARY ENTERPRISES, OPERATION OF PLANT, FOOD SERVICES, ATHLETICS AND STUDENT HOUSING. 41026828 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 5281 0 1 985 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X JAY REBMAN 9196587825 634 HENDERSON STREET MOUNT OLIVE NC 283651263 X ALBERT ELROD TRUSTEE 1.00 X 0 0 0 BENJAMIN D FORREST TRUSTEE 1.00 X 0 0 0 BEVERLY BOYETTE TRUSTEE 1.00 X 0 0 0 BOBBY KENNETH JONES TRUSTEE 1.00 X 0 0 0 C DARRELL HORNE TRUSTEE 1.00 1.00 X 0 0 0 CAROLYN F JERNIGAN TRUSTEE 1.00 X 0 0 0 CHARLES W PITTMAN III TRUSTEE 1.00 X 0 0 0 CHRISTINE J GREENE TRUSTEE 1.00 X 0 0 0 DAVID L MCPHERSON TRUSTEE 1.00 X 0 0 0 DONALD RIBEIRO TRUSTEE 1.00 X 0 0 0 DONNIE E LASSITER TRUSTEE 1.00 X 0 0 0 DR DEWAYNE EAKES TRUSTEE 1.00 X 0 0 0 DR J BRYAN MARTIN TRUSTEE 1.00 X 0 0 0 EARL W WORLEY JR TRUSTEE 1.00 1.00 X 0 0 0 EMMETT JUDSON POPE III TRUSTEE 1.00 X 0 0 0 GENE T JERNIGAN TRUSTEE 1.00 X 0 0 0 HOWARD F SCOTT TRUSTEE 1.00 X 0 0 0 JEAN M AVERETTE TRUSTEE 1.00 X 0 0 0 JERIYN J LEE TRUSTEE 1.00 X 0 0 0 KIM QUINN TRUSTEE 1.00 X 0 0 0 LAWRENCE ROUSE TRUSTEE 1.00 X 0 0 0 LLOYD W JONES JR TRUSTEE 1.00 X 0 0 0 MARY H DRUMMOND TRUSTEE 1.00 X 0 0 0 ROBERT B KORNEGAY TRUSTEE 1.00 X 0 0 0 STANLEY C HARRELL TRUSTEE 1.00 X 0 0 0 THE REVEREND DR JOHN E HILL JR TRUSTEE 1.00 X 0 0 0 THE REVEREND H ADRIAN GRUBBS TRUSTEE 1.00 X 0 0 0 WESLEY E BEDDARD TRUSTEE 1.00 X 0 0 0 BARBARA KORNEGAY VP FOR ENROLLMENT 50.00 X 99908 0 16608 DR DAVID L POOLE PRESIDENT 50.00 1.00 X 174710 0 11150 ELIZABETH CARRERE EXECUTIVE VICE PRESIDENT 50.00 X 121876 0 22187 JEFFREY EISEN VP ATHLETICS 50.00 X 100303 0 15857 JEREMY SHREVE VP FINANCE AND ADMINISTRAT 50.00 1.00 X 97428 0 20222 KATHY BEST DEAN TILMAN SCHOOL OF BUSINESS 50.00 X 110218 0 25888 KATHY GARDNER ASSISTANT BOARD SECRETARY 50.00 X 50573 0 14194 KENNETH HINES VP ACADEMIC AFFAIRS 50.00 X 114445 0 16620 TERESA HINES VP INSTITUTIONAL ADV 50.00 X 88253 0 15050 TIMOTHY WOODARD VP ENROLLMENT, MARKETING & COMMUNICATIONS 50.00 X 79047 0 14643 W DAN SULLIVAN VP STUDENT AFFAIRS 50.00 X 106330 0 16223 1143091 0 188642 9 0 1 0 CAPITAL EDUCATION LLC 200 SOUTH WACKER DRIVE SUITE 1600 CHICAGO IL 60606 ONLINE PROGRAM SERVICE PROVIDER 2795551 SODEXO INC & AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES 1673709 DANIELS & DANIELS CONSTRUCTION CO PO BOX 10337 GOLDSBORO NC 27532 CONSTRUCTION SERVICES 671215 HIGH STANDARD CLEANING PO BOX 1024 GOLDSBORO NC 27533 CLEANING SERVICES 474357 VIABLE MEDIA SERVICES PO BOX 114 NEW BERN NC 28563 MARKETING/ADVERTISING 382517 16 397499 1378348 4155980 1779856 5931827 STUDENT TUITION AND FEES 611310 37974452 37974452 AUXILIARY ENTERPRISES 611310 4867480 4867480 OTHER PROGRAM INCOME 611310 670465 670465 FLIGHT SCHOOL 611512 25795 25795 43538192 753880 753880 13729756 13969904 -240148 -240148 -240148 0 397499 14722 -14722 -14722 49969029 43538192 0 499010 9153279 9153279 1225841 534682 617857 73302 17492051 14668381 2357070 466600 4395956 3568784 665917 161255 163612 162880 732 144474 144474 94906 94906 4484169 3775202 688019 20948 1227176 1153592 58065 15519 670838 468062 141474 61302 1087458 171970 868638 46850 2129922 1184503 945419 735876 643022 83490 9364 191706 120145 67982 3579 996823 2475 994348 2320120 1716889 556829 46402 311337 311337 FOOD SERVICES 1434957 1434957 0 0 UTILITIES 1049122 881520 155985 11617 BAD DEBT 530264 0 530264 0 3638587 1549365 2050530 38692 53478474 41026828 11495484 956162 1700 1700 5877247 4409135 1452132 1063340 3694459 3271415 673216 319307 60904225 29728080 29725614 31176145 14388772 16327920 7809276 9023188 8746371 8890701 72368787 74482851 3099030 5968490 3382300 3306201 15378651 16017609 783082 760771 22643063 26053071 X 11081257 8860819 38644467 39568961 0 49725724 48429780 72368787 74482851 X -3509445 2266686 -53185 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 263974 X X X 0 26519950 602514 2613111 1028810 28706765 25970262 741060 926787 1118159 26519950 23480968 388827 3077639 977172 25970262 23456312 416162 423202 814708 23480968 22936446 926435 536526 943095 23456312 0.03580 0.73890 0.22530 0 0 1765418 1765418 48393504 25356679 23036825 1199246 968551 230695 9546057 3402850 6143207 31176145 6926731 F NONEXCHANGE TRADED STOCK 2096457 F 9023188 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 7483439 CASH VALUE OF LIFE INSURANCE 360581 OTHER ASSETS 1046681 8890701 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 597384 MISCELLANEOUS 162854 INTEREST RATE SWAP 533 760771 X 43018178 2266686 -9232259 -6965573 49983751 -14722 -14722 49969029 44312917 14722 14722 44298195 9180279 9180279 53478474 PART III, LINE 4: GEMSTONES AND ARTWORK ARE MAINTAINED FOR STUDY BY STUDENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS AND SUPPORT INSTRUCTION AND OTHER GENERAL INSTITUTIONAL NEEDS. 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 OF THE FASB ASC. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -9,153,279. CHANGE IN TRUST VALUE 32,821. INTEREST RATE SWAP -86,006. REVENUES OF SINGLE MEMBER LLC -25,795. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES -14,722. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSE 14,722. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 9,153,279. EXPENSES OF SINGLE MEMBER LLC 27,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 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, PART I, LINE 6 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 SHOLARSHIPS, AND NC GOLDEN LEAF FOUNDATION SCHOLARSHIPS. COMMUNITY CHURCH DINNERS 329035 329035 14722 HANDYMART GOLF TOURNAMENT 68464 68464 397499 397499 14722 14722 -14722 1 STUDENT GRANTS 631 510850 STUDENT FINANCIAL AID 1008 8642429 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 1 1 X X X 0 0 0 0 0 0 0 0 0 DR DAVID L POOLE PRESIDENT 174710 0 0 0 0 0 0 0 11150 0 185860 0 0 0 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 4317 COST X 83281 COST X 10 232210 FAIR MARKET VALUE X 4 1316550 FAIR MARKET VALUE X 1 119000 FAIR MARKET VALUE X 21 5561 COST X EQUIPMENT 7 11803 COST X MISCELLANEOUS SMALL GIFTS 4 6884 COST X GIFT CARDS 3 250 COST 12 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CONTROLLER, VP FINANCE, AND THE BUSINESS AFFAIRS COMMITTEE OF THE BOARD OF TRUSTEES. 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: CHANGE IN TRUST VALUE 32,821. CHANGE INTERST RATE SWAP -86,006. FORM 990, PART XII, LINE 2C THE REVIEW AND OVERSIGHT PROCESS HAS NOT CHANGED SINCE THE PRECEEDING YEAR. TROJAN AVIATION LLC 634 HENDERSON STREET MOUNT OLIVE NC 28365 MAINTAIN AIRCRAFT AND MANAGE THE UNIVERSITY'S FLIGHT SCHOOL. NC 25795 185732 UNIVERSITY OF MOUNT OLIVE THE UNIVERSITY OF MOUNT OLIVE FOUNDATION 634 HENDERSON STREET MOUNT OLIVE NC 28365 200371529 SEE PART VII NC 501(C)(3) LINE 12B, II N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATION TO SEEK ALTERNATIVE SOURCES OF SUPPORT TO STRENGTHEN THE UNIVERSITY OF MOUNT OLIVE'S OUTREACH TO STUDENTS AND THE COMMUNITY.