2016-05-16T17:30:43-05:00 2015-06-30 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 900 SACRAMENTO CA 95814 990 2014-07-01 200909475 OLIVET UNIVERSITY OLIV 9517630500 36401 TRIPP FLATS ROAD ANZA CA 92539 ANDREW T LIN CHAIRMAN 9517630500 2016-05-16 1 LISA M CUMMINGS CPA P00043433 9164429100 2014 2016-08-17 19:52:53Z TRACY DAVIS 36401 TRIPP FLATS ROAD ANZA CA 92539 19516813 0 X OLIVETUNIVERSITY.EDU X 2004 CA PROVIDING QUALITY CHRISTIAN EDUCATION TO THE NETWORK GENERATION. 7 3 61 55 0 0 8127698 6034191 4383003 12850189 2000 1034 5532000 631399 18044701 19516813 0 273170 0 0 1306907 1697366 0 0 32103 8315835 9005873 9622742 10976409 8421959 8540404 23403935 34800783 8496003 11352447 14907932 23448336 PROVIDING QUALITY CHRISTIAN EDUCATION TO THE NETWORK GENERATION. 0 0 5854015 273170 12851588 PROVIDED EDUCATION ON VARIOUS CHRISTIAN SUBJECTS TO STUDENTS.IN THE 2014-2015 FINANCIAL YEAR, OLIVET UNIVERSITY CONTINUED TO EDUCATE STUDENTS, STRENGTHEN ITS MINISTRY PRACTICE PROGRAM, IMPROVE ITS RESEARCH AND DEVELOPMENT, DEVELOP ITS ELECTRONIC RESOURCES HOLDINGS, INCREASE ENROLLMENT, AND EXPAND ITS COURSE OFFERINGS. 854870 PROVIDED STUDENT SERVICES - INCLUDING ADMISSIONS, SOCIAL AND CULTURE DEVELOPMENT, COUNSELING AND CAREER GUIDANCE, AND FINANCIAL AID ASSISTANCE. 830894 PROVIDED ACADEMIC SUPPORT SERVICES - INCLUDING LIBRARY DEVELOPMENT, PROFESSIONAL ACADEMIC DEVELOPMENT, AND ACADEMIC COMPUTING SUPPORT. 7539779 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 61 0 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 1 0 CA X BARNABAS JUNG 9517630500 36401 TRIPP FLATS ROAD ANZA CA 92539 ANDREW T LIN CHAIRMAN 2.00 X X 0 0 0 WINNIE WONG TRUSTEE 1.00 X 0 0 0 WILL ANDERSON TREASURER 1.00 X X 0 0 0 CHRISTOPHER CHOU TRUSTEE 1.00 X 0 0 0 ANTHONY CHIU SECRETARY 1.00 X X 0 0 0 SIMON KIM TRUSTEE 1.00 X 0 0 0 TRACY DAVIS PRESIDENT 40.00 X X 64800 0 0 GINTURN TRAN VICE PRESIDENT 40.00 X 34000 0 0 98800 0 0 0 0 0 0 0 6034191 6034191 RESEARCH INCOME 900099 8200000 8200000 TUITION AND FEES 611310 4650189 4650189 12850189 1034 1034 630000 630000 MISCELLANEOUS INCOME 900099 1399 1399 1399 19516813 12851588 0 631034 173170 173170 100000 100000 98800 98800 1410669 1077060 310959 22650 994 994 186903 136322 47777 2804 733034 733034 44046 44046 270034 172404 97630 127432 27293 100139 96061 32450 63611 1366157 1092926 273231 262352 237319 18384 6649 5070 2192 2878 496096 491548 4548 1645780 1316624 329156 272443 272443 EQUIPMENT RENTAL/MAINTE 1066571 1057649 8922 STUDENT SERVICES 854870 854870 REPAIRS AND MAINTENANCE 636387 199831 436556 SUPPLIES 459452 150509 308943 670088 416618 253470 10976409 7539779 3404527 32103 728076 608152 1384450 2208590 1530835 536912 8578 12653 34152746 2901973 19033393 31250773 73500 718603 110203 23403935 34800783 1479532 977751 33660 21415 1597282 7075474 5385529 3277807 8496003 11352447 X 14167932 21239746 740000 2208590 14907932 23448336 23403935 34800783 8540404 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10817048 10817048 15376386 350029 15026357 7009830 1960546 5049284 949482 591398 358084 31250773 CAPITAL LEASE 3170820 LINE OF CREDIT 106987 3277807 X PART X, LINE 2: THE PRINCIPAL ACTIVITIES OF THE UNIVERSITY ARE EXEMPT FROM INCOME TAXES UNDER SECTOIN 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF CALIFORNIA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED ON THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2015. THE UNIVERSITY'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEARS 2012 AND 2011, RESPECTIVELY, ARE CLOSED. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE UNIVERSITY RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS CIRCULATED IN GENERAL CIRCULARS OF THE DENOMINATION AND MISSION AGENCIES FROM WHICH OLIVET UNIVERSITY RECRUITS ITS STUDENTS. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 100000 0 0 0 0 0 0 100000 0 100000 EAST ASIA AND THE PACIFIC MEDICAL FACILITY LEASE 100000 WIRE TRANSFER 1 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION RECEIVED A FUND EXPENDITURE REPORT AND CONDUCTED ADDITIONAL INSPECTION OF THE FACILITIES TO VERIFY USE AS A HOSPITAL AND AS A SITE TO TRAIN AND EDUCATE MEDICAL MISSIONARIES. 1 JUBILEE WORLD 5341 EMERSON AVE ST LOUIS MO 63120 510474217 501(C)(3) 57800 CHRISTIAN MUSIC EDUCATION WORLD OLIVET ASSEMBLY 115 DOVER FURANCE RD DOVER PLAINS NY 12522 461616553 501(C)(3) 34680 CHURCH MISSIONS ASSOCIATION FOR BIBLICAL HIGHER EDUCATION 5850 T G LEE BLVD STE 130 ORLANDO FL 32822 351055662 501(C)(3) 20000 RISINGTIDE CAMPAIGN/EDUCATION WORLD EVANGELICAL THEOLOGICAL INSTITUTE ASSOCIATION 1025 HOWARD ST SAN FRANCISCO CA 94103 462594212 15780 DISTANCE EDUCATION TECHNOLOGY DEVELOPMENT FAITH & FAMILY FOUNDATION 1819 S BROAD ST 1ST FL PHILADELPHIA PA 19148 263864358 501(C)(3) 15000 CHRISTIAN FAMILY PROGRAM DEVELOPMENT 4 1 PART I, LINE 2: ORGANIZATIONS THAT RECEIVE GRANTS PROVIDE REPORTS INDICATING THAT THE FUNDS WERE USED EXCLUSIVELY FOR EXEMPT ACTIVITIES. ADDITIONALLY, FUNDS ARE ONLY GRANTED TO ORGANIZATIONS WHOSE STATED MISSION IS LIMITED TO EXEMPT ACTIVITIES COMPATIBLE WITH OLIVET UNIVERSITY'S MISSION. IBT MEDIA INC FORMER TRUSTEE 1633000 R&D AGRMNT 0 THE CHRISTIAN POST TRUSTEE 600000 R&D AGRMNT 0 LATIN POST COMPANY LLC TRUSTEE 465000 R&D AGRMNT 0 ADPRIME MEDIA INC FORMER TRUSTEE 99400 R&D AGRMNT 0 FORM 990, PART IV, LINE 33, OWNERSHIP OF DISREGARDED ENTITY: OLIVET MANAGEMENT, LLC IS A SINGLE-MEMBER LLC WITH OLIVET UNIVERSITY AS ITS SOLE MEMBER. THE LLC'S ACTIVITY IS REFLECTED IN THE UNIVERSITY'S FORM 990. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD AND KEY OFFICERS REVIEW THE FORM 990 AND PROVIDE SUGGESTIONS ON ACCURACY AND CHANGES. A FINAL COPY IS DISTRIBUTED BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION STUDY OF THE ASSOCIATION FOR BIBLICAL HIGHER EDUCATION AND COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES SALARY DATA WAS COMPLETED, AND SALARY RECOMMENDATIONS WERE REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. OLIVET MANAGEMENT LLC 73 WHEELER ROAD WINGDALE NY 12594 463068978 MANAGING CAMPUS PROPERTY DE -715211 10757714 OLIVET UNIVERSITY PLEROS INC 1025 HOWARD STREET SAN FRANCISCO CA 94103 473268788 CAMPUS BOOKSTORE CA OLIVET UNIVERSITY C -57866 14135 1.00000 1 STEVENS BOOKSHOP INC 6700 OLD WAKE FOREST ROAD RALEIGH NC 27616 261906875 ONLINE BOOKSTORE NC OLIVET UNIVERSITY C 34146 35146 1.00000 1 ST PETER BOOKS INC 6700 OLD WAKE FOREST ROAD RALEIGH NC 27616 900823667 CHRISTIAN BOOKSTORE NC OLIVET UNIVERSITY C 500 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PLEROS INC B 72000 CASH