University of Mount Olive Inc
80% goes to programs $13 to raise $100 Strong reserves
University of Mount Olive Inc is a 501(c)(3) organization based in Mount Olive, North Carolina, registered in 1959, with $50,616,977 in FY2023 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
634 Henderson St, Mount Olive, NC, 28365 EIN 56-0623936 Since 1959
Revenue (FY2023)
$50.6M
▲ 0.5% vs prior year
Education median: $200K
Expenses (FY2023)
$49.0M
Net assets
$83.4M
Employees
650
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating80% to programs · $13 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University of Mount Olive Inc: 80% to programs · $13 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University of Mount Olive Inc: 20 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University of Mount Olive Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University of Mount Olive Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 634 Henderson St, Mount Olive, NC, 28365
- City
- Mount Olive
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $44.9M (FY2013) to $50.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $18.2MNet assets $83.4M
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$101.6M
Total liabilities
$18.2M
Net assets
$83.4M
Salaries & benefits
$18.0M
37% of expenses
Board members
27
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $50,616,977▲0.5% | $49,017,880▲4.1% | $83,429,354▲13.4% | $101,622,452▲16.9% | 990 |
| 2022 | $50,389,774▼18.9% | $47,108,899▼9.9% | $73,548,366▲12.2% | $86,936,254▲3.8% | 990 |
| 2021 | $62,113,692▲19.2% | $52,274,279▲9.2% | $65,538,470▲6.5% | $83,720,864▲2.0% | 990 |
| 2020 | $52,108,039▼0.8% | $47,876,675▼5.5% | $61,516,734▲24.4% | $82,107,533▲15.9% | 990 |
| 2019 | $52,512,412▲5.1% | $50,682,415▼5.2% | $49,463,492▲2.1% | $70,836,752▼4.9% | 990 |
| 2018 | $49,969,029▼3.0% | $53,478,474▲0.5% | $48,429,780▼2.6% | $74,482,851▲2.9% | 990 |
| 2017 | $51,508,567▲19.6% | $53,221,855▲7.1% | $49,725,724▼2.8% | $72,368,787▼3.6% | 990 |
| 2016 | $43,076,285▼11.2% | $49,689,783▲5.9% | $51,142,660▲4.0% | $75,110,203▲5.2% | 990 |
| 2015 | $48,491,843▲8.1% | $46,929,380▲12.1% | $49,184,734▲2.4% | $71,401,174▲2.9% | 990 |
| 2013 | $44,877,358 | $41,868,241▼4.0% | $48,018,143▲21.2% | $69,360,561▲14.9% | 990 |
| 2011 | — | $43,629,903▼12.4% | $39,611,363▲27.3% | $60,359,378▲12.7% | 990 |
| 2010 | — | $49,799,338▲1.5% | $31,109,449▲13.3% | $53,550,712▲1.4% | 990 |
| 2009 | — | $49,049,237 | $27,457,507 | $52,820,387 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Dr Edward Croom — $375,357 (0.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Edward Croom | President | 50 | $375,357 |
| Kenneth Buchanan | Cfo/svp Business & Finance | 50 | $177,107 |
| W Dan Sullivan | Svp Student Affairs | 50 | $144,488 |
| Elizabeth Carrere | Executive Vp For Technology | 50 | $143,201 |
| Kathy Best | Dean - Tillman School of Busin | 50 | $129,193 |
| Timothy Woodard | Vp For Enrollment, Mktg & Comm | 50 | $107,850 |
| Kenneth Hines | Chair - Dept of Christian Stud | 50 | $107,698 |
| Anne Hamm | Exec Asst To Pres/secretary | 50 | $50,148 |
| Albert Elrod | Trustee | 1 | — |
| Benjamin Forrest | Trustee | 1 | — |
| Beverly Boyette | Trustee | 1 | — |
| Bobby Jones | Trustee | 1 | — |
| Bob Johnson | Trustee | 1 | — |
| Borden Howell | Trustee | 1 | — |
| Carolyn Jernigan | Trustee | 1 | — |
| Charlie Young | Trustee | 1 | — |
| David Mcpherson | Trustee | 1 | — |
| Donnie Lassiter | Board Vice Chair | 1 | — |
| Dusk Stroud | Trustee | 1 | — |
| Earl Worley Jr | Board Chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc Affiliates | Food Services | $2,820,757 |
| Accenture LLP | Advertising | $910,084 |
| High Standard Cleaning | Cleaning Services | $457,454 |
| Sunstates Security LLC | Security | $298,830 |
| Sunway Charters | Transportation | $239,773 |
Grants received · $2.4M total
51 grants to University of Mount Olive Inc totaling $2.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is University of Mount Olive Inc a legitimate nonprofit?
- Yes. University of Mount Olive Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0623936, based in Mount Olive, North Carolina. Donations are tax-deductible.
- What is University of Mount Olive Inc's EIN?
- University of Mount Olive Inc's Employer Identification Number (EIN) is 56-0623936.
- How much revenue does University of Mount Olive Inc report?
- University of Mount Olive Inc reported $50,616,977 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Mount Olive Inc's spending goes to programs?
- University of Mount Olive Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Mount Olive Inc have?
- CharityIndex grades University of Mount Olive Inc A, based on program efficiency and fundraising cost.
- How much does University of Mount Olive Inc's highest-paid employee make?
- The highest reported compensation on University of Mount Olive Inc's latest Form 990 is $375,357, paid to Dr Edward Croom (President).
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Data for University of Mount Olive Inc (EIN 56-0623936) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.