2013-04-17T16:08:02-07:00 2012-06-30 990 2011-07-01 560623936 MOUNT OLIVE COLLEGE INCORPORATED MOUN 9196587825 634 Henderson Street Mount Olive NC 28365 John Kunst 9196587742 2013-04-19 2011 2016-03-07 17:11:31Z MOUNT OLIVE COLLEGE Philip P Kerstetter 634 Henderson Street Mount Olive NC 28365 53332791 0 X www.moc.edu X 1951 NC Higher Education - 4 year college. Student education and related services for approximately 4000 students, auxiliary enterprises, including operation of plant and equipment, food services, athletics, and student housing. 30 28 1008 250 0 4161 14363172 10688867 36592128 40671273 1279830 613865 252677 247169 52487807 52221174 0 0 0 0 18735734 19214025 0 0 1410426 31063604 24415878 49799338 43629903 2688469 8591271 53550712 60359378 22441263 20748015 31109449 39611363 Mount Olive College is a Christian faith-based, values-centered private institution rooted in the liberal arts tradition. We serve our students, our founding church, and our communities. 0 0 34468981 0 40671273 Higher Education - 4 year college. Student education and related services for approximately 4000 students, auxiliary enterprises, including operation of plant and equipment, food services, athletics, and student housing. 0 0 0 34468981 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 1 0 1 46 0 1 1008 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 30 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X John Kunst 9196587742 634 Henderson St Mt Olive NC 283651263 Carroll C Hawkins 1 X 0 0 0 Carolyn F Jernigan 1 X 0 0 0 Bobby Kenneth Jones 1.00 X 0 0 0 Lloyd W Jones Jr 1.0 X 0 0 0 Earl W Worley Jr 1.00 X 0 0 0 Jean M Averette 1 X 0 0 0 Charles L McLawhorn Jr 1 X 0 0 0 David L McPherson 1 X 0 0 0 Charles W Pittman III 1 X 0 0 0 Donald Ribeiro 1 X 0 0 0 Howard F Scott 1 X 0 0 0 Linda J Staunch 1 X 0 0 0 Eugene M Sumner 1 X 0 0 0 Dr De Wayne Eakes 1 X 0 0 0 Christine J Greene 1 X 0 0 0 The Reverend H Adrian Grubbs 1 X 0 0 0 Stanley C Harrell 1 X 0 0 0 C Darrell Horne 1 X 0 0 0 Gene T Jernigan 1 X 0 0 0 Wendell H Murphy 1 X 0 0 0 Emmett Judson Pope III 1 X 0 0 0 Kim Quinn 1 X 0 0 0 Jerilyn J Lee 1 X 0 0 0 Robert B Kornegay 1 X 0 0 0 Donnie E Lassiter 1 X 0 0 0 Mary H Drummond 1 X 0 0 0 Benjamin D Forrest 1 X 0 0 0 Sandra B Tillman 1 X 0 0 0 Dr J Bryan Martin 1 X 0 0 0 Mr Albert Elrod 1 X 0 0 0 John Kunst 50.0 X 0 0 0 Philip P Kerstetter 50.0 X 211889 0 0 Jean Ackiss 50 X 56874 0 0 Ellen S Jordan 50.0 X 114701 0 0 Kevin Jean 50.0 X 140160 0 0 523624 0 0 3 1 1 0 TRI COAST PINES LLC COMMONWEALTH COMMERCIAL PROPERTIES P O BOX 4577 WILMINGTION NC 28406 RENTAL OF OFFICE SPACE 361220 JAMES CAMPBELL COMPANY LLC 6501 WESTON PKWY STE 190 CARY NC 27513 RENT OFFICE SPACE 380218 W L CAYTON 408 RIVER ROAD WASHINGTON NC 27789 RENT OFFICE SPACE 242704 THE KORNEGAY COMPANY LLC P O BOX 1002 MOUNT OLIVE NC 28365 RENT OFFICE SPACE 186974 BSH SOUTHGATE LLC 2113 A SOUTH GLENBURNIE ROAD NEW BERN NC 28562 RENT OFFICE SPACE 184021 7 0 0 0 0 3896342 6792525 2118448 10688867 Student Tuition and Fees 611310 37287631 0 0 37287631 Auxiliary Enterprises 611310 3383642 0 0 3383642 0 0 0 0 40671273 600054 0 0 600054 0 0 0 0 0 0 0 0 0 0 1125428 0 1111617 0 13811 0 13811 0 0 13811 0 Other Revenue 611310 247169 0 0 247169 0 0 0 0 247169 52221174 0 0 41532307 809465 372420 296885 140160 0 14767411 12489164 1625155 653092 3637149 2989302 475091 172756 33730 33730 260396 260396 1231725 1192428 10795 28502 141477 90834 43840 6803 500086 61427 438659 1695210 1599701 36101 59408 377490 309447 53391 14652 1627654 1627654 945480 945480 1285293 937566 295149 52578 293765 4002 289763 Financial Aid 9318530 9318530 0 0 Allowance 560430 0 560430 0 Professional Services 601079 262500 284542 54037 Food Services 1007445 1007445 0 0 4536088 3834215 473435 228438 43629903 34468981 7750496 1410426 3801291 7840281 2225763 2934377 4485280 4224056 411944 416635 48164 475298 418521 35493169 17122250 16287957 18370919 15304205 10287111 1435968 7060716 9074842 8806762 53550712 60359378 4437387 3767799 1914856 2318190 14393628 13141644 1695392 1520382 22441263 20748015 X -1192302 4893943 7080431 9221832 25221320 25495588 31109449 39611363 53550712 60359378 X 8591271 -89357 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 250074 0 0 X X X 0 17521056 541972 766760 0 450703 0 18379085 16335580 623244 908063 0 345831 0 17521056 14813725 752564 1336662 0 567371 0 16335580 13766838 1335282 48211 0 336606 0 14813725 0.01 0.92 0.07 1 0 0 983617 983617 0 20056111 6207869 13848242 0 907922 608186 299736 0 10563156 8168372 2394784 0 2982363 2137823 844540 18370919 Certificates of deposit 5456214 C Partnership Interest 1604502 F 7060716 Perpetual trusts 7906808 Cash surrender value - life insurance 256399 Due from affiliate 3052 Sales tax rec, grant rec, gems, artwork, commisisons rec 640503 8806762 0 Obligations under split interest agreements 1068907 Refundable advances 416635 Misc 34840 1520382 52221174 43629903 8591271 -89357 0 0 0 0 -89357 8501914 52131817 -89357 0 0 0 -89357 52221174 0 0 0 52221174 43629903 0 0 0 0 0 43629903 0 0 0 43629903 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Gemstones and artwork are maintained for study by students. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are used to fund scholarships and support instruction and other general institutional needs. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Management evaluated the College's tax positions and concluded that the College had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the Income Taxes Topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("FASB ASC"). With few exceptions, the College is no longer subject to income tax examinations by the U.S federal, state, or local tax authorities for returns filed for fiscal years 2008 and prior. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The policy is included on the application (paper and web version), the catalog, and on the web - Admissions and Future Students landing pages and employment page SchE_P01_S00_L06 Schedule E, Part I, Line 6 USDA Direct Programs:Community Facilities Loans and Grant; student aid X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Philip P Kerstetter 211889 0 0 0 0 0 15000 0 7087 0 233976 0 0 0 Kevin Jean 140160 0 0 0 0 0 7285 0 4694 0 152139 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Country club dues, lawn care SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Severance paid to former employee of $58,333 in June 2012. The Kornegay Company Company owner is MOC Foundation Board Chairman 189135 Rental payments 0 X 4 35198 Market value X 1 1974500 Market value X MOC Press Expenses 1 65500 Cost X Furniture 1 34500 Market value X Sign 1 8750 Market value 5 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Stock gifts go to Branch Banking & Trust which sells them on our behalf F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Vice President of Admissions is married to Trustee F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Assistant Controller and reviewed by the Controller, VP Finance, and Business Affairs Committee of the Board of Trustees. The 990 is then made available to each member of the Board. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Policy undergoes constant review, any conflicts are disclosed, policy available on internal fresco website under institutional policies and procedures collection. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 2009 - President; 2011- Vice President of Institutional Advancement; 2012 - VP Finance; used compensation committee, independent consultant, compensation survey, and board/committee approval F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The articles of incorporation and articles of amendment are located on the North Carolina Secretary of State website. Financial statements from prior years are available in the library. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized losses Mount Olive College Foundation 634 Henderson Street Mount Olive NC 28365 200371529 Help Mount Olive College expand its capacity and effectiveness in furthering its mission NC 501 (c) (3) 9 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 Mount Olive College Foundation j 859512 Actual payments