2012-05-01T16:36:48-07:00 2011-06-30 990 2010-07-01 560623936 MOUNT OLIVE COLLEGE INCORPORATED MOUN 9196587825 634 Henderson Street Mount Olive NC 28365 John Kunst 9196587742 2012-05-09 2010 2016-02-24 21:20:13Z Philip P Kerstetter 634 Henderson Street Mount Olive NC 28365 54568264 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, bookstore and student housing. 30 28 1008 225 0 -31103 12859732 14363172 37531449 36592128 497010 1279830 223100 252677 51111291 52487807 0 0 0 0 18373659 18735734 0 0 1421505 30675578 31063604 49049237 49799338 2062054 2688469 52820387 53550712 25362880 22441263 27457507 31109449 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 40895752 36592128 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, bookstore and student housing. 0 0 0 40895752 1 1 0 0 0 0 0 1 0 1 1 0 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 1 0 0 0 1 0 0 1 0 1 54 0 1 1008 1 1 1 0 0 0 0 1 1 0 1 1 0 X 30 28 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X John Kunst 9196587742 634 Henderson St Mt Olive NC 283651263 Carroll C Hawkins 1.00 X 0 0 0 Carolyn F Jernigan 1.00 X 0 0 0 Bobby Kenneth Deacon Jones 1.00 X 0 0 0 Lloyd W Jones Jr 1.00 X 0 0 0 Earl W Worley Jr 1.00 X 0 0 0 Jean M Averette 1.00 X 0 0 0 Charles L McLawhorn Jr 1.00 X 0 0 0 David L McPherson 1.00 X 0 0 0 Charles W Pittman III 1.00 X 0 0 0 H M Poythress 1.00 X 0 0 0 Donald Ribeiro 1.00 X 0 0 0 Howard F Scott 1.00 X 0 0 0 Linda J Staunch 1.00 X 0 0 0 Eugene M Sumner 1.00 X 0 0 0 Dr De Wayne Eakes 1.00 X 0 0 0 Christine J Greene 1.00 X 0 0 0 The Reverend H Adrian Grubbs 1.00 X 0 0 0 Stanley C Harrell 1.00 X 0 0 0 C Darrell Horne 1.00 X 0 0 0 Gene T Jernigan 1.00 X 0 0 0 Wendell H Murphy 1.00 X 0 0 0 Emmett Judson Pope III 1.00 X 0 0 0 Kim Quinn 1.00 X 0 0 0 Jerilyn J Lee 1.00 X 0 0 0 Robert B Kornegay 1.00 X 0 0 0 Donnie E Lassiter 1.00 X 0 0 0 Mary H Drummond 1.00 X 0 0 0 Benjamin D Forrest 1.00 X 0 0 0 Sandra B Tillman 1.00 X 0 0 0 Dr J Bryan Martin 1.00 X 0 0 0 Wilbur M Alling 50 X 101064 0 27395 TJ Arant 50.0 X 126654 0 31062 Carol G Carrere 50.0 X 70588 0 19961 Ellen S Jordan 50.0 X 111927 0 18326 Kevin Jean 50.0 X 130332 0 18004 Philip P Kerstetter 50.0 X 203818 0 0 744383 0 114748 5 0 1 0 TRI COAST PINES LLC COMMONWEALTH COMMERCIAL PROPERTIES P O BOX 4577 WILMINGTION NC 28406 RENTAL OF OFFICE SPACE 350738 JAMES CAMPBELL COMPANY LLC 6501 WESTON PKWY STE 190 CARY NC 27513 RENT OFFICE SPACE 312266 W L CAYTON 408 RIVER ROAD WASHINGTON NC 27789 RENT OFFICE SPACE 240500 THE KORNEGAY COMPANY LLC P O BOX 1002 MOUNT OLIVE NC 28365 RENT OFFICE SPACE 137818 BSH SOUTHGATE LLC 2113 A SOUTH GLENBURNIE ROAD NEW BERN NC 28562 RENT OFFICE SPACE 186815 6 0 0 0 0 9779238 4583934 140355 14363172 Student Tuition and Fees 611310 32286097 0 0 32286097 Auxiliary Enterprises 611310 4306031 0 0 4306031 0 0 0 0 36592128 791354 0 0 791354 0 0 0 0 0 0 0 0 0 0 2568933 0 2080457 0 488476 0 488476 0 0 488476 0 Other Revenue 611310 252677 0 0 252677 0 0 0 0 252677 52487807 0 0 38124635 1004203 298251 575620 130332 14402111 12315572 1409655 676884 3329420 2707477 473516 148427 41464 475 40989 199915 199915 1152882 1124122 4531 24229 123898 69656 49275 4967 284671 41919 242752 1855010 1532475 265861 56674 248489 195875 33736 18878 1024930 1024930 945480 945480 1382017 1023248 302801 55968 326966 106803 220163 Financial Aid 14853976 14853976 0 0 Cost of merchandise 2032046 2032046 0 0 Pioneer Catering 982851 982851 0 0 Utilities 763209 653624 92529 17056 Maintenance and repairs 515329 435101 67472 12756 4330471 2522281 1532856 275334 49799338 40895752 7482081 1421505 0 1704558 3801291 668657 2225763 9005101 4485280 418050 411944 496440 48164 129952 475298 32126400 15838443 15926009 16287957 15621709 15304205 1435968 8849911 9074842 52820387 53550712 4532001 4437387 2722947 1914856 16564872 14393628 1543060 1695392 25362880 22441263 X -1887177 -1192302 5114818 7080431 24229866 25221320 27457507 31109449 52820387 53550712 X 2688469 963473 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 250074 0 0 X X X 0 16335580 623244 908063 0 345831 0 17521056 14813725 752564 1336662 0 567371 0 16335580 13766838 1335282 48211 0 336606 0 14813725 0.01 0.94 0.05 1 0 0 959117 959117 0 17425417 5672961 11752456 0 874231 565478 308753 0 10210586 7576171 2634415 0 2657049 2023833 633216 16287957 Perpetual trusts 8222786 Cash surrender value - life insurance 308773 Sales tax rec, grant rec, gems, artwork, commisions rec 543283 9074842 0 Deposits 230124 Refundable advances 411944 Obligations under split interest agreements 1053324 1695392 52487807 49799338 2688469 963473 0 0 0 0 963473 3651942 53451280 963473 0 0 0 963473 52487807 0 0 0 52487807 49799338 0 0 0 0 0 49799338 0 0 0 49799338 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 years before 2008. 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 (p.2 although it is re-worded from the original version), 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 Grants; student aid X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Philip P Kerstetter 203818 0 0 0 0 0 21125 0 14165 0 239108 0 0 0 TJ Arant 126554 0 0 0 17331 0 13732 0 0 0 157617 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Country club dues, lawn care The Kornegay Comnpany Company owner is MOC Foundation Chairman of Its Board of Directors 139189 Rental payments 0 X 1591 Market value X 5 18485 Market value X 1 1000 Market value X Television 1 1249 Market value X MOC Press Expenses 2 118000 Cost X Centerpieces 1 30 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;2009-Vice President of Institutional Advancement;used compensatoin 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 gains 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 1 0 0 0 0 0 1 0 0 Mount Olive College Foundation j 859512 Actual payments