2023-04-19T14:08:33-05:00 2022-06-30 BDO USA LLP 421 FAYETTEVILLE STREET SUITE 300 RALEIGH NC 27601 990 2021-07-01 560623936 University of Mount Olive Inc % JAY REBMAN UNIV 9196582502 634 HENDERSON STREET MOUNT OLIVE NC 28365 KENNETH BUCHANAN CFO/SVP FOR FINANCE 9196582502 2023-04-19 true KENNETH BUCHANAN 999009999 Sandra L Feinsmith P01064157 9192781936 2023-04-17 3 2021 2023-04-26 12:10:37Z EDWARD CROOM 634 HENDERSON STREET MOUNT OLIVE NC 28365 72292415 false X WWW.UMO.EDU X 1951 NC SEE SCHEDULE O 30 29 715 235 0 0 8532658 16268200 41554753 38784404 2020628 1708222 0 5352866 52108039 62113692 13864618 17612229 0 0 19885099 19570463 0 0 618186 14126958 15091587 47876675 52274279 4231364 9839413 82107533 83720864 20590799 18182394 61516734 65538470 UNIVERSITY OF MOUNT OLIVE, INC. IS A CHRISTIAN FAITH-BASED, VALUES-CENTERED PRIVATE INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. 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INTEREST AGREEMENT 456364 MISCELLANEOUS LIABILITIES 170562 626926 X SCHEDULE D, PART III, LINE 4: GEMSTONES AND ARTWORK ARE MAINTAINED FOR STUDY BY STUDENTS. 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 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. GOLF TOURNAMENT 52854 52854 3617 0 52854 52854 3617 3617 -3617 true STUDENT FINANCIAL AID 2630 11832118 COVID-19 ASSISTANCE TO STUDENTS 2383 5459210 STUDENT GRANTS 453 320901 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 258956 0 0 0 0 0 15600 0 13685 0 288241 0 0 0 KATHY BEST DEAN - TILLMAN SCHOOL OF BUSIN 136051 0 0 0 0 0 26000 0 17846 0 179897 0 0 0 KENNETH HINES CHAIR - DEPT OF CHRISTIAN STUD 131863 0 0 0 0 0 13895 0 17570 0 163328 0 0 0 SANDRA MADDOX DEAN-SCHOOL OF AG & BIO SCIENC 114896 0 0 0 0 0 26497 0 16476 0 157869 0 0 0 JASON GIPE VP - ADVANCEMENT 130987 0 0 0 0 0 8721 0 17646 0 157354 0 0 0 W DAN SULLIVAN VP STUDENT AFFAIRS 132096 0 0 0 0 0 6620 0 17256 0 155972 0 0 0 ELIZABETH CARRERE EXECUTIVE VICE PRESIDENT 126969 0 0 0 0 0 6814 0 17459 0 151242 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 623 COST X 6 94989 FAIR MARKET VALUE X 1 9000 FAIR MARKET VALUE X 1 782 COST X 2 3938 COST X MISCELLANEOUS 1 2960 COST X EQUIPMENT 1 300 COST 6 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: $(1,577,702) FORM 990, PART XII, LINE 2C: THE REVIEW AND OVERSIGHT PROCESS HAS NOT CHANGED SINCE THE PRECEDING YEAR. 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