OLIVET UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- OLIVET UNIVERSITY (EIN 20-0909475)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201421349349307797
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T16:27:16-07:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MC Accountancy | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1415 Rollins Rd | AddressLine1 |
| City | Burlingame | City |
| State | CA | State |
| ZIP Code | 94010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200909475 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLIVET UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OLIV | NameControl |
| Phone | 4153710002 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 4TH STREET | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94103 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TRACY DAVIS | Name |
| Title | President | Title |
| Date Signed | 2014-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | YU MING CHEN CPA | Name |
| PTIN | P01621874 | PTIN |
| Phone | 6506459185 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11739800 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | false | AllAffiliatesIncluded |
| Organization501c3 | X | Organization501c3 |
| Web Site | OLIVETUNIVERSITY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | PROVIDING QUALITY CHRISTIAN EDUCATION TO THE NETWORK GENERATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 44 | TotalNbrEmployees |
| Total Nbr Volunteers | 86 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 1362615 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6945894 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4024165 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4791906 | ProgramServiceRevenueCY |
| Investment Income Current Year | 2000 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5386780 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11739800 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 690406 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 928138 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 5115920 | OtherExpensePriorYear |
| Other Expenses Current Year | 4584030 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5806326 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5512168 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -419546 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6227632 | RevenuesLessExpensesCY |
| Total Assets BOY | 1928382 | TotalAssetsBOY |
| Total Assets EOY | 8571929 | TotalAssetsEOY |
| Total Liabilities BOY | 1256901 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1672812 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 671481 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6899117 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDING QUALITY CHRISTIAN EDUCATION TO THE NETWORK GENERATION | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 2871414 | Expense |
| Description | PROVIDED EDUCATION ON VARIOUS CHRISTIAN SUBJECTS TO STUDENTS.IN THE 2012-2013 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 615026 | Expense |
| Description | PROVIDED ACADEMIC SUPPORT SERVICES - INCLUDING LIBRARY DEVELOPMENT, PROFESSIONAL ACADEMIC DEVELOPMENT AND ACADEMIC COMPUTING SUPPORT | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 296310 | Expense |
| Description | PROVIDED STUDENT SUPPORT SERVICES - INCLUDING ADMISSIONS, SOCIAL AND CULTURE DEVELOPMENT, COUNSELING AND CAREER GUIDANCE AND FINANCIAL AID ASSISTANCE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 3782750 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | false | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | false | ComplianceWithBackupWitholding |
| Number Of Employees | 44 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Form990-T Filed | false | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BARNABAS JUNG | NamePerson |
| Telephone Number | 4153710002 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 4TH STREET | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94103 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|---|
| WILLIAM WAGNER | |||||||
| President | 40.00 | 0.00 | X | X | 96340 | 0 | 0 |
| SIMON KIM | |||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| ANTHONY CHIU | |||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| CHRISTOPHER CHOU | |||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| WILL ANDERSON | |||||||
| Trustee | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| WINNIE WONG | |||||||
| Secretary | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| MICHAEL MOON | |||||||
| Treasurer | 1.00 | 0.00 | X | 0 | 0 | 0 | |
| ANDREW T LIN | |||||||
| Chairman | 2.00 | 0.00 | X | 0 | 0 | 0 | |
| JOSEPH TALLMAN | |||||||
| Vice President | 40.00 | 0.00 | X | 95340 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 191680 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 6945894 | AllOtherContributions |
| Total Contributions | 6945894 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Total Revenue Column | 4791906 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4791906 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4791906 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2000 | TotalRevenueColumn |
| Exclusion | $2,000 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11739800 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4791906 | RelatedOrExemptFunctionIncome |
| Exclusion | $2,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191680 | Total |
| Management And General | 191680 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 638493 | Total |
| Program Services | 638493 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42883 | Total |
| Program Services | 34536 | ProgramServices |
| Management And General | 8347 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55082 | Total |
| Program Services | 55082 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39519 | Total |
| Program Services | 29543 | ProgramServices |
| Management And General | 9976 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 498356 | Total |
| Management And General | 498356 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11862 | Total |
| Management And General | 11862 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8503 | Total |
| Program Services | 8503 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4420 | Total |
| Program Services | 4420 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1994174 | Total |
| Program Services | 1994174 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224091 | Total |
| Program Services | 100988 | ProgramServices |
| Management And General | 123103 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2538 | Total |
| Program Services | 1280 | ProgramServices |
| Management And General | 1258 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78787 | Total |
| Management And General | 78787 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275266 | Total |
| Management And General | 275266 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30530 | Total |
| Management And General | 30530 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| EDUCATION OPPORTUNITY | 139417 | 139417 | |
| PROFESSIONAL DEVELOPMENT | 151877 | 151877 | |
| DONATION | 200197 | 200197 | |
| INTERNET SERVICE FEES | 239300 | 239300 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 685193 | Total |
| Program Services | 424240 | ProgramServices |
| Management And General | 260953 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5512168 | Total |
| Program Services | 3782750 | ProgramServices |
| Management And General | 1729418 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13337 | BOY |
| EOY | 2256799 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2232726 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70956 | BOY |
| EOY | 411238 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4212 | BOY |
| EOY | 7591 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3378902 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 926894 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1742274 | BOY |
| EOY | 2452008 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97603 | BOY |
| EOY | 1209567 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1928382 | BOY |
| EOY | 8571929 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 202951 | BOY |
| EOY | 69185 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 974424 | BOY |
| EOY | 1039256 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79526 | BOY |
| EOY | 564371 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1256901 | BOY |
| EOY | 1672812 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 671481 | BOY |
| EOY | 3296299 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 3602818 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 671481 | BOY |
| EOY | 6899117 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1928382 | BOY |
| EOY | 8571929 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6227632 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 4 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 467382 | OtherCostOrOtherBasis |
| Book Value | 467382 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1267618 | OtherCostOrOtherBasis |
| Depreciation | 47606 | Depreciation |
| Book Value | 1220012 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 60000 | OtherCostOrOtherBasis |
| Book Value | 60000 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 783902 | OtherCostOrOtherBasis |
| Depreciation | 430686 | Depreciation |
| Book Value | 353216 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 800000 | OtherCostOrOtherBasis |
| Depreciation | 448602 | Depreciation |
| Book Value | 351398 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2452008 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| SECURITY DEPOSIT | 1109567 |
| NOTE RECEIVABLE | 100000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1209567 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| UNEARNED REVENUE | $42,786 |
| LINE OF CREDIT | $118,175 |
| CAPITAL LEASE | $205,868 |
| BANK OVERDRAFT | $62,051 |
| ACCRUED INTEREST | $13,288 |
| ACCRUED EXPENSES | $122,203 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 564371 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 14783779 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 3043979 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 3043979 | RevenueNotRptdF990 |
| Revenue Subtotal | 11739800 | RevenueSubtotal |
| Total Revenue Per Form990 | 11739800 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8556147 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 3043979 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 3043979 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5512168 | ExpensesSubtotal |
| Total Expenses Per Form990 | 5512168 | TotalExpensesPerForm990 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (38 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| OLIVET MANAGEMENT LLC | OLIVET UNIVERSITY IS THE SOLE MEMBER OF OLIVET MANAGEMENT LLC (EIN 46-3068978). THE LLC WAS FORMED AT JUNE 5TH 2013 AT STATE OF DELAWARE. AS OF JUNE 30, 2013, THERE WERE NO TRANSACTIONS NOR ANY ASSETS WITH OLIVET MANAGEMENT LLC. | |
| Other Changes In Net Assets Or Fund Balances - Other Increases | ROUNDING = $4 | Form 990, Part XI, Line 9 |
| Form 990, Part IX, Line 24e: Other Expenses | UTILITIES: Column (A) - Total = $113776; Column (B) - Program Services = $113776; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | TRANSPORTATION SERVICES: Column (A) - Total = $29453; Column (B) - Program Services = $29453; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | TELEPHONE: Column (A) - Total = $25197; Column (B) - Program Services = $0; Column (C) - Management & General = $25197; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | SUPPLIES: Column (A) - Total = $60129; Column (B) - Program Services = $37950; Column (C) - Management & General = $22179; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | SUBSCRIPTIONS: Column (A) - Total = $2138; Column (B) - Program Services = $2138; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | STUDENT SUPPORT - OTHER: Column (A) - Total = $34; Column (B) - Program Services = $34; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | STUDENT SERVICES ADMIN: Column (A) - Total = $300; Column (B) - Program Services = $300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | STUDENT RECORDS: Column (A) - Total = $340; Column (B) - Program Services = $340; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | STUDENT HEALTH SERVICES: Column (A) - Total = $560; Column (B) - Program Services = $560; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | SOCIAL AND CULTURE DEVELOPMENT: Column (A) - Total = $46020; Column (B) - Program Services = $46020; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | SERVICE FEES: Column (A) - Total = $50896; Column (B) - Program Services = $0; Column (C) - Management & General = $50896; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | REPAIRS & MAINTENANCE: Column (A) - Total = $7852; Column (B) - Program Services = $0; Column (C) - Management & General = $7852; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | PUBLIC RELATIONS/DEVELOPMENT: Column (A) - Total = $42400; Column (B) - Program Services = $42400; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | PROPERTY TAX: Column (A) - Total = $33353; Column (B) - Program Services = $0; Column (C) - Management & General = $33353; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | Printing and Publications: Column (A) - Total = $3346; Column (B) - Program Services = $3346; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | PREPARATORY: Column (A) - Total = $300; Column (B) - Program Services = $300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | Postage and Shipping: Column (A) - Total = $2908; Column (B) - Program Services = $0; Column (C) - Management & General = $2908; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | PARKING: Column (A) - Total = $5120; Column (B) - Program Services = $0; Column (C) - Management & General = $5120; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | MEMBERSHIP AND DUES: Column (A) - Total = $19760; Column (B) - Program Services = $19760; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | MEAL & ENTERTAINMENT: Column (A) - Total = $53847; Column (B) - Program Services = $53847; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | JANITORIAL SERVICES: Column (A) - Total = $5515; Column (B) - Program Services = $0; Column (C) - Management & General = $5515; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | INTERCOLLEGIATE ATHLETICS: Column (A) - Total = $10850; Column (B) - Program Services = $10850; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | INSTITUTIONAL SUPPORT - OTHER: Column (A) - Total = $820; Column (B) - Program Services = $0; Column (C) - Management & General = $820; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | GAS EXPENSES: Column (A) - Total = $18838; Column (B) - Program Services = $0; Column (C) - Management & General = $18838; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | FACILITY REPAIR: Column (A) - Total = $63004; Column (B) - Program Services = $0; Column (C) - Management & General = $63004; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | EQUIP RENTAL: Column (A) - Total = $17339; Column (B) - Program Services = $0; Column (C) - Management & General = $17339; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | DOMAIN RELATED SERVICES: Column (A) - Total = $5089; Column (B) - Program Services = $0; Column (C) - Management & General = $5089; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | DEPOSITED ITEM RETURNED: Column (A) - Total = $736; Column (B) - Program Services = $0; Column (C) - Management & General = $736; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | COUNSELING AND CAREER GUIDANCE: Column (A) - Total = $1700; Column (B) - Program Services = $1700; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | CHILD CARE SERVICES: Column (A) - Total = $4519; Column (B) - Program Services = $4519; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | BAD DEBTS ALLOWANCE: Column (A) - Total = $24791; Column (B) - Program Services = $24791; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | AUTO EXPENSES: Column (A) - Total = $2107; Column (B) - Program Services = $0; Column (C) - Management & General = $2107; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | ACADEMIC SUPPORT SERVICE-OTHER: Column (A) - Total = $110; Column (B) - Program Services = $110; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part IX, Line 24e: Other Expenses | ACADEMIC COMPUTING SUPPORT: Column (A) - Total = $32046; Column (B) - Program Services = $32046; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 | Form 990, Part IX, Line 24e |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | No documents available to the public. | Form 990, Part VI, Line 19 |
| Form 990, Part VI, Line 11b: Form 990 Review Process | No review was or will be conducted. | Form 990, Part VI, Line 11b |
Comments