2011-03-22T14:33:47-07:00 2010-06-30 990 2009-07-01 560623936 MOUNT OLIVE COLLEGE INCORPORATED MOUN 9196587825 634 Henderson Street Mount Olive NC 28365 Wilbur Alling 9196587742 2011-04-01 2009 2016-02-24 21:20:13Z Philip P Kerstetter 634 Henderson Street Mount Olive NC 28365 51975603 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 28 935 68 0 73468 12041978 12859732 32070837 37531449 -1924737 497010 145793 223100 42333871 51111291 0 0 0 0 16743843 18373659 0 0 1387276 28452865 30675578 45196708 49049237 -2862837 2062054 44907220 52820387 23096235 25362880 21810985 27457507 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 39348993 37531449 Higher education : Student education and related services for approximately 4,000 students, auxiliary enterprises, including operation of plant and equipment, food services, athletics, bookstore and student housing. 0 0 0 39348993 1 1 0 0 0 0 1 0 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 1 0 1 54 0 1 935 1 1 1 0 0 0 0 1 1 0 1 1 30 28 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 0 0 1 1 0 X Wilbur M Alling 9196587742 634 Henderson St Mt Olive NC 283651263 Carroll C Hawkins 0 X 0 0 0 Carolyn F Jernigan 0 X 0 0 0 Bobby Kenneth Deacon Jones 0 X 0 0 0 Lloyd W Jones Jr 0 X 0 0 0 Earl W Worley Jr 0 X 0 0 0 Jean M Averette 0 X 0 0 0 Charles L McLawhorn Jr 0 X 0 0 0 David L McPherson 0 X 0 0 0 Charles W Pittman III 0 X 0 0 0 H M Poythress 0 X 0 0 0 Donald Ribeiro 0 X 0 0 0 Howard F Scott 0 X 0 0 0 Linda J Staunch 0 X 0 0 0 Eugene M Sumner 0 X 0 0 0 Bobby Williamson 0 X 0 0 0 Dr De Wayne Eakes 0 X 0 0 0 Christine J Greene 0 X 0 0 0 The Reverend H Adrian Grubbs 0 X 0 0 0 Stanley C Harrell 0 X 0 0 0 C Darrell Horne 0 X 0 0 0 Gene T Jernigan 0 X 0 0 0 Wendell H Murphy 0 X 0 0 0 Emmett Judson Pope III 0 X 0 0 0 Kim Quinn 0 X 0 0 0 Jerilyn J Lee 0 X 0 0 0 Robert B Kornegay 0 X 0 0 0 Donnie E Lassiter 0 X 0 0 0 Mary H Drummond 0 X 0 0 0 Benjamin D Forrest 0 X 0 0 0 Sandra B Tillman 0 X 0 0 0 Wilbur M Alling 50.0 X 100007 0 27220 James W Byrd 50.0 X 198288 0 20620 TJ Arant 50.0 X 125175 0 23785 Carol G Carrere 50 X 70066 0 19656 Opey D Jeanes 50 X 84788 0 20003 Ellen S Jordan 50 X 112596 0 18415 Barbara R Kornegay 50 X 84955 0 16780 Kevin Jean 50.0 X 31118 0 2028 Philip P Kerstetter 50.0 X 98542 0 18256 Karen Bass 50.0 X 64919 0 34125 970454 0 200888 4 0 1 0 TRI COAST PINES LLC COMMONWEALTH COMMERCIAL PROPERTIES P O BOX 4577 WILMINGTION NC 28406 RENTAL OF OFFICE SPACE 340518 JAMES CAMPBELL COMPANY LLC 6501 WESTON PKWY STE 190 CARY NC 27513 RENT OFFICE SPACE 203853 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 135057 BSH SOUTHGATE LLC 2113 A SOUTH GLENBURNIE ROAD NEW BERN NC 28562 RENT OFFICE SPACE 127083 5 0 0 0 0 8711397 4148335 100544 12859732 Student Tuition and Fees 611310 32703079 0 0 32703079 Auxiliary Enterprises 611310 4828370 0 0 4828370 0 0 0 0 37531449 334960 0 0 334960 0 0 0 0 0 0 0 0 0 0 1026362 0 864312 0 162050 0 162050 0 0 162050 0 Other Revenue 611310 223100 0 0 223100 0 0 0 0 223100 51111291 0 0 38251559 970454 347258 393790 229406 14235195 12034668 1642030 558497 0 3168010 2579482 473338 115190 27061 950 21611 4500 213857 213857 1102541 1061916 4921 35704 132529 89072 39524 3933 260834 48773 212061 945480 945480 423747 353815 46121 23811 1037494 1037494 1489415 1042590 387248 59577 289813 54513 235300 Financial Aid 13985666 13985666 0 0 Cost of merchandise 2362275 2362275 0 0 Pioneer Catering 1018498 1018498 0 0 Allowance 1492369 0 1492369 0 Leases 1480957 1175732 248753 56472 4413042 3193785 919071 300186 49049237 39348993 8312968 1387276 0 0 995582 1704558 1726739 668657 5700082 9005101 593653 418050 451654 496440 132243 129952 30386721 14460712 15125752 15926009 12217472 15621709 7964043 8849911 44907220 52820387 4064171 4532001 0 2080855 2722947 0 15413752 16564872 1537457 1543060 23096235 25362880 X -5079747 -1887177 4370739 5114818 22519993 24229866 21810985 27457507 44907220 52820387 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 250074 0 0 X X X 0 14813725 752564 1336662 0 567371 0 16335580 13766838 1335282 48211 0 336606 0 14813725 0.0005 0.9995 0 1 0 0 959117 959117 0 16954987 5183870 11771117 0 834753 508463 326290 0 8939335 6855674 2083661 0 2698529 1912705 785824 15926009 Perpetual trusts 7733969 Cash surrender value - life insurance 421357 Sales tax rec, grant rec, gems, artwork, commissions rec 694585 8849911 0 Deposits 51262 Refundable advances 409716 Obligations under split interest agreements 1082082 1543060 51111291 49049237 2062054 3584468 0 0 0 0 3584468 5646522 54695759 3584468 0 0 0 3584468 51111291 0 0 0 51111291 49049237 0 0 0 0 0 49049237 0 0 0 49049237 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Gemstones and artwork and 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_L00 Schedule D, Part X The Financial Accounting Standards Board ("FASB") issued new guidance on accounting for uncertainty in income taxes. The College adopted this new guidance during the year ended June 30, 2010. Management evaluated the College's tax positions and concluded that the College had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. The College is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2007. 1 1 1 The policy is included on the application (paper and web version), the catalog (p.2 although it is re-worded form the original version), and on the web - Admissions and Future Students landing pages and employment page 1 1 1 1 0 0 0 0 0 0 0 0 1 0 USDA Direct Programs: Community Facilities Loans and Grants - $15,110,096; Distance Learning and Telemedicine Grant - $8,930 1 X X 1 1 X X 0 0 0 0 0 0 0 0 0 James W Byrd 198288 0 0 0 0 0 20620 0 0 0 218908 0 291469 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Country club dues, lawn care The Kornegay Company Company owner is MOC Foundation President and Board of Trustees member 136402 Rental payments 0 X 348 Market Value X 6 19576 Market Value X Rug 1 1620 Market Value X MOC Press Expenditures 2 79000 Cost 6 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Stock gifts go to Branch Banking and 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_L11 Form 990, Part VI, Section B, Line 11 The 990 is prepared by the Assistant Comptroller and reviewed by the Comptroller and VP of Finance F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Policy undergoes ongoing 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 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. 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 1 0 0 0 0 0 1 1 0 0 Mount Olive College Foundation j 859512