2016-05-13T09:22:07-05:00 2015-06-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2014-07-01 200371529 THE UNIVERSITY OF MOUNT OLIVE FOUNDATION UNIV 9196582502 634 HENDERSON STREET MOUNT OLIVE NC 28365 JAMES E WILLIAMS PRESIDENT 9196582502 2016-05-12 ADRIENNE MCKINNEY P00819656 3362724551 2014 2016-08-17 19:52:53Z JAMES E WILLIAMS 634 HENDERSON STREET MOUNT OLIVE NC 28365 873186 0 X HTTP://WWW.UMO.EDU/SUPPORT-UMO X 2003 NC THE PURPOSE OF THIS NONPROFIT FOUNDATION IS TO FULFILL THE OBLIGATIONS OF THE FOUNDATION, PRIMARILY DEBT SERVICE. 20 17 0 22 0 0 100 0 859506 859506 11812 13680 0 0 871418 873186 0 0 0 0 0 0 0 0 0 1103215 1093485 1103215 1093485 -231797 -220299 12952389 12562420 14309669 14144342 -1357280 -1581922 THE PURPOSE OF THIS NONPROFIT FOUNDATION IS TO SEEK ALTERNATIVE SOURCES OF SUPPORT TO STRENGTHEN THE UNIVERSITY OF MOUNT OLIVE'S OUTREACH TO STUDENTS AND THE COMMUNITY. 0 0 1093485 859506 HOLD CERTAIN REAL ESTATE USED BY THE UNIVERSITY OF MOUNT OLIVE INC IN CARRYING OUT ITS EXEMPT PURPOSE. 1093485 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X JEREMY R SHREVE 9196587776 634 HENDERSON STREET MOUNT OLIVE NC 28365 LISA ATKINSON BOARD MEMBER 1.00 X 0 0 0 DR PHILIP P KERSTETTER BOARD MEMBER 1.00 50.00 X 0 222636 18785 WENDY CRUMPLER BOARD MEMBER 1.00 X 0 0 0 J ROBERT GRECZYN BOARD MEMBER 1.00 X 0 0 0 C DARRELL HORNE BOARD MEMBER 1.00 1.00 X 0 0 0 JIMMIE EDMUNDSON BOARD MEMBER 1.00 X 0 0 0 TOWNSEND QUINN BOARD MEMBER 1.00 X 0 0 0 W ROBERT BIZZELL CHAIRMAN 1.00 X X 0 0 0 JEFF ETHERIDGE BOARD MEMBER 1.00 X 0 0 0 I RAY MCDONALD JR VICE CHAIRMAN 1.00 X X 0 0 0 WILLIAM H BRYAN TREASURER 1.00 X X 0 0 0 RALPH BRITT JR BOARD MEMBER 1.00 X 0 0 0 OLIVIA B HOLDING BOARD MEMBER 1.00 X 0 0 0 DR J WILLIAM BYRD BOARD MEMBER 1.00 X 0 0 0 SANDY THOMPSON BOARD MEMBER 1.00 X 0 0 0 BILLY KORNEGAY BOARD MEMBER 1.00 X 0 0 0 BROOKS MOYE BOARD MEMBER 1.00 X 0 0 0 PETER REICHARD BOARD MEMBER 1.00 X 0 0 0 STEPHANIE KORNEGAY BOARD MEMBER 1.00 X 0 0 0 JAMES E WILLIAMS PRESIDENT 1.00 X X 0 60200 0 JAY REBMAN ASSISTANT TREASURER 1.00 X 0 69422 12077 ASHLEY MITCHELL SECRETARY 1.00 X 0 42947 10719 JOHN KUNST VP FINANCE AND ADMINISTRATION 0.00 50.00 X 0 118529 13830 0 513734 55411 0 0 1 0 0 RENTAL - PROGRAM REVEN 611710 859506 859506 859506 13680 13680 873186 859506 0 13680 7175 7175 625752 625752 457321 457321 3237 3237 1093485 1093485 0 0 47007 110007 3018 3019 15844530 4353470 11948381 11491060 391025 391924 562613 566262 345 148 12952389 12562420 32844 103933 14273626 14040409 3199 0 14309669 14144342 X -1357280 -1581922 -1357280 -1581922 12952389 12562420 -220299 -4343 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF MT OLIVE 560623936 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 SCHEDULE A, SECTION C, LINE 1 THE FOUNDATION IS EFFECTIVELY MANAGED AND SUPERVISED BY ITS SUPPORTED ORGANIZATION, THE UNIVERSITY OF MOUNT OLIVE. THE FOUNDATION BYLAWS STATE THAT THE FOUNDATION BOARD WILL ALWAYS INCLUDE THE BOARD CHAIR OF THE UNIVERSITY, THE PRESIDENT OF THE UNIVERSITY, AND THE VP FOR ADVANCEMENT OF THE UNIVERSITY. THREE OF THE SIX FOUNDATION OFFICERS ARE UNIVERSITY EMPLOYEES. UNIVERSITY EMPLOYEES MANAGE/SUPERVISE THE DAILY ACTIVITIES OF THE ORGANIZATION. 14460720 3171784 11288936 1383810 1181686 202124 11491060 X 868843 -4343 -4343 873186 0 873186 1093485 0 1093485 0 1093485 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 FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (FASB ASC). THE UNIVERSITY FILES A FORM 990-T IN ACCORDANCE WITH APPLICABLE U.S. FEDERAL REGULATIONS. 0 0 0 0 0 0 0 0 0 DR PHILIP P KERSTETTER BOARD MEMBER 0 222636 0 0 0 0 0 11160 0 7625 0 241421 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CONTROLLER, VP FINANCE, AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE FOUNDATION. THE FORM 990 IS LATER MADE AVAILABLE TO EACH MEMBER OF THE BOARD. THERE HAVE BEEN NO CHANGES TO THE REVIEW PROCESS SINCE THE PRECEDING YEAR. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY UNDERGOES CONSTANT REVIEW, AND ANY CONFLICTS ARE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT PAY ANY COMPENSATION; THE ONLY PAID POSITIONS ARE FULL-TIME EMPLOYEES OF THE UNIVERSITY OF MOUNT OLIVE (UMO) AND ACCORDINGLY ARE PAID BY UMO. UMO HAS A PROCESS IN PLACE FOR DETERMINING SUCH COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS OPEN TO PUBLIC INSPECTION ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION AND ARTICLES OF AMENDMENT ARE LOCATED ON THE NC SECRETARY OF STATE WEBSITE. FINANCIAL STATEMENTS FROM PRIOR YEARS ARE AVAILABLE IN THE ORGANIZATION'S LIBRARY AND AVAILABLE ELECTRONICALLY BY REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE INTERNAL FRESCO WEBSITE UNDER INSTITUTIONAL POLICIES AND PROCEDURES COLLECTION. FORM 990, PART XIII, LINE 2C THE REVIEW AND OVERSIGHT PROCESS HAS NOT CHANGED SINCE THE PRECEEDING YEAR. UNIVERSITY OF MOUNT OLIVE INC 634 HENDERSON STREET MOUNT OLIVE NC 28365 560623936 STUDENT EDUCATION AND RELATED SERVICES NC 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0