Civic Intelligence

Olivet University

990 • Fiscal year 2015 • EIN 20-0909475

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization ProfileOLIVETUNIVERSITY.EDU
36401 Tripp Flats RoadAnza, CA 92539

(951) 763-0500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.33x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.58x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

89th percentile

44%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

8th percentile

$64,800

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

95th percentile

49%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

8.2%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$34,800,783

Up $11,396,848 (+49%) from 2014

Net Assets

Up

$23,448,336

Up $8,540,404 (+57%) from 2014

Liabilities

Up

$11,352,447

Up $2,856,444 (+34%) from 2014

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin89th percentile

Revenue

Up

$19,516,813

Up $1,472,112 (+8.2%) from 2014

Expenses

Up

$10,976,409

Up $1,353,667 (+14%) from 2014

Net Income

Up

$8,540,404

Up $118,445 (+1.4%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $843,866Liabilities 2011: $333,295Net Assets 2011: $510,5712011Assets 2012: $9,370,594Liabilities 2012: $1,172,098Net Assets 2012: $8,198,4962012Assets 2013: $8,571,929Liabilities 2013: $1,672,812Net Assets 2013: $6,899,1172013Assets 2014: $23,403,935Liabilities 2014: $8,496,003Net Assets 2014: $14,907,9322014Assets 2015: $34,800,783Liabilities 2015: $11,352,447Net Assets 2015: $23,448,3362015Assets 2016: $44,745,607Liabilities 2016: $12,777,765Net Assets 2016: $31,967,8422016Assets 2017: $88,833,254Liabilities 2017: $44,598,588Net Assets 2017: $44,234,6662017Assets 2018: $96,472,443Liabilities 2018: $43,975,042Net Assets 2018: $52,497,4012018Assets 2019: $96,016,925Liabilities 2019: $42,606,093Net Assets 2019: $53,410,8322019Assets 2020: $91,397,229Liabilities 2020: $35,358,266Net Assets 2020: $56,038,9632020Assets 2021: $81,362,553Liabilities 2021: $21,929,765Net Assets 2021: $59,432,7882021Assets 2022: $80,533,866Liabilities 2022: $20,346,460Net Assets 2022: $60,187,4062022Assets 2023: $85,017,014Liabilities 2023: $23,934,603Net Assets 2023: $61,082,4112023Assets 2024: $82,593,970Liabilities 2024: $24,355,229Net Assets 2024: $58,238,7412024

Highlighted filing

2015

Assets$34,800,783
Liabilities$11,352,447
Net Assets$23,448,336
Open 2015 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $2,080,401Expenses 2011: $2,071,292Net Income 2011: $9,1092011Revenue 2012: $12,294,060Expenses 2012: $9,910,716Net Income 2012: $2,383,3442012Expenses 2013: $5,512,1682013Revenue 2014: $18,044,701Expenses 2014: $9,622,742Net Income 2014: $8,421,9592014Revenue 2015: $19,516,813Expenses 2015: $10,976,409Net Income 2015: $8,540,4042015Revenue 2016: $28,187,507Expenses 2016: $19,668,001Net Income 2016: $8,519,5062016Revenue 2017: $44,163,900Expenses 2017: $31,897,076Net Income 2017: $12,266,8242017Revenue 2018: $35,541,996Expenses 2018: $27,279,261Net Income 2018: $8,262,7352018Revenue 2019: $30,579,573Expenses 2019: $26,119,904Net Income 2019: $4,459,6692019Revenue 2020: $29,238,740Expenses 2020: $27,310,263Net Income 2020: $1,928,4772020Revenue 2021: $25,665,253Expenses 2021: $24,437,058Net Income 2021: $1,228,1952021Revenue 2022: $17,471,372Expenses 2022: $18,644,085Net Income 2022: -$1,172,7132022Revenue 2023: $14,579,769Expenses 2023: $14,698,300Net Income 2023: -$118,5312023Revenue 2024: $14,053,131Expenses 2024: $17,124,982Net Income 2024: -$3,071,8512024

Highlighted filing

2015

Revenue$19,516,813
Expenses$10,976,409
Net Income$8,540,404
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$19,516,813
Mission and Program Overview

Mission

Providing quality Christian education to the network generation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,033,393$31,250,773▲ $12,217,380
Pledges and Grants Receivable$1,384,450$2,208,590▲ $824,140
Cash and Non-Interest-Bearing Accounts$728,076$608,152▼ $119,924
Accounts Receivable$1,530,835$536,912▼ $993,923
Investments Program Related-$73,500-
Prepaid Expenses and Deferred Charges$8,578$12,653▲ $4,075
Total Assets$23,403,935$34,800,783▲ $11,396,848
Other Assets Total$718,603$110,203▼ $608,400
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,597,282$7,075,474▲ $5,478,192
Other Liabilities$5,385,529$3,277,807▼ $2,107,722
Accounts Payable and Accrued Expenses$1,479,532$977,751▼ $501,781
Deferred Revenue$33,660$21,415▼ $12,245
Total Liabilities$8,496,003$11,352,447▲ $2,856,444
Net Assets / Fund Balance
Unrestricted Net Assets$14,167,932$21,239,746▲ $7,071,814
Temporarily Rstr Net Assets$740,000$2,208,590▲ $1,468,590
Total Net Assets Fund Balance$14,907,932$23,448,336▲ $8,540,404
Total Liabilities and Net Assets / Fund Balance$23,403,935$34,800,783▲ $11,396,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,026,357$350,029$15,376,386
Land$10,817,048-$10,817,048
Equipment$5,049,284$1,960,546$7,009,830
Other Land Buildings$358,084$591,398$949,482
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy DavisPresidentFT$64,800$64,800
Ginturn TranVice PresidentFT$34,000$34,000

Board Members and Trustees

NameTitle
Andrew T LinChairman
Christopher ChouTrustee
Simon KimTrustee
Winnie WongTrustee
Anthony ChiuSecretary
Will AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,034,191
Program Service Revenue
$12,850,189
Investment Income
$1,034
Other Revenue
$631,399
All Other Contributions
$6,034,191
Change in Net Assets
$8,540,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,005,873
Salaries, Compensation, and Employee Benefits$1,697,366
Grants and Similar Amounts Paid$273,170
Total Fundraising Expense$32,103
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,316,624$329,156-$1,645,780
Other Salaries and Wages$1,077,060$310,959$22,650$1,410,669
Occupancy$1,092,926$273,231-$1,366,157
Fees for Services Legal-$733,034-$733,034
All Other Expenses$416,618$253,470-$670,088
Interest$491,548$4,548-$496,096
Other Expenses$150,509$308,943-$459,452
Insurance-$272,443-$272,443
Advertising$172,404$97,630-$270,034
Travel$237,319$18,384$6,649$262,352
Payroll Taxes$136,322$47,777$2,804$186,903
Grants to Domestic Orgs$173,170--$173,170
Office Expenses$27,293$100,139-$127,432
Foreign Grants$100,000--$100,000
Current Officers, Directors, Trustees, and Key Employees-$98,800-$98,800
Information Technology$32,450$63,611-$96,061
Fees for Services Accounting-$44,046-$44,046
Conferences and Meetings$2,192$2,878-$5,070
Other Employee Benefits$994--$994
Total Functional Expenses$7,539,779$3,404,527$32,103$10,976,409
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jubilee WorldSt Louis, MO501(c)(3)Christian Music Education$57,800
World Olivet AssemblyDover Plains, NY501(c)(3)Church Missions$34,680
Association for Biblical Higher EducationOrlando, FL501(c)(3)Risingtide Campaign/education$20,000
World Evangelical Theological Institute AssociationSan Francisco, CA501(c)(3)Distance Education Technology Development$15,780
Faith & Family FoundationPhiladelphia, PA-Christian Family Program Development$15,000

International Summary

Offices
0
Employees
0
Spending
$100,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrantmaking-00$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Former TrusteeR&d AgrmntNo$1,633,000
-TrusteeR&d AgrmntNo$600,000
-TrusteeR&d AgrmntNo$465,000
-Former TrusteeR&d AgrmntNo$99,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$3,170,820
Line of Credit$106,987
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Olivet University
EIN
20-0909475
Phone
9517630500
Address
36401 TRIPP FLATS ROAD, ANZA, CA 92539

Signing Officer

Name
Andrew T Lin
Title
Chairman
Phone
9517630500
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Davis
Formed
2004
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
3
Employees
61
Volunteers
55

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 900, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

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 XII, LINE 2C:

“The process of overseeing the audit and selecting an independent accountant has not changed from the prior year.”

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 621 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetAssetsOrFundBalancesBOYAmt014907932
IRS990/NetAssetsOrFundBalancesEOYAmt023448336
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0273231
IRS990/OccupancyGrp/ProgramServicesAmt01092926
IRS990/OccupancyGrp/TotalAmt01366157
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0100139
IRS990/OfficeExpensesGrp/ProgramServicesAmt027293
IRS990/OfficeExpensesGrp/TotalAmt0127432
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0718603
IRS990/OtherAssetsTotalGrp/EOYAmt0110203
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0994
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0994
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL/MAINTE
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08922
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1436556
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2308943
IRS990/OtherExpensesGrp/ProgramServicesAmt01057649
IRS990/OtherExpensesGrp/ProgramServicesAmt1854870
IRS990/OtherExpensesGrp/ProgramServicesAmt2199831
IRS990/OtherExpensesGrp/ProgramServicesAmt3150509
IRS990/OtherExpensesGrp/TotalAmt01066571
IRS990/OtherExpensesGrp/TotalAmt1854870
IRS990/OtherExpensesGrp/TotalAmt2636387
IRS990/OtherExpensesGrp/TotalAmt3459452
IRS990/OtherLiabilitiesGrp/BOYAmt05385529
IRS990/OtherLiabilitiesGrp/EOYAmt03277807
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01399
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01399
IRS990/OtherRevenueTotalAmt01399
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022650
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0310959
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01077060
IRS990/OtherSalariesAndWagesGrp/TotalAmt01410669
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02804
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt047777
IRS990/PayrollTaxesGrp/ProgramServicesAmt0136322
IRS990/PayrollTaxesGrp/TotalAmt0186903
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01384450
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02208590
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08578
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012653
IRS990/PrincipalOfficerNm0TRACY DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611310
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08200000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14650189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08200000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14650189
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED STUDENT SERVICES - INCLUDING ADMISSIONS, SOCIAL AND CULTURE DEVELOPMENT, COUNSELING AND CAREER GUIDANCE, AND FINANCIAL AID ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0854870
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED ACADEMIC SUPPORT SERVICES - INCLUDING LIBRARY DEVELOPMENT, PROFESSIONAL ACADEMIC DEVELOPMENT, AND ACADEMIC COMPUTING SUPPORT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0830894
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08127698
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02000
IRS990/PYOtherExpensesAmt08315835
IRS990/PYOtherRevenueAmt05532000
IRS990/PYProgramServiceRevenueAmt04383003
IRS990/PYRevenuesLessExpensesAmt08421959
IRS990/PYSalariesCompEmpBnftPaidAmt01306907
IRS990/PYTotalExpensesAmt09622742
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018044701
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08540404
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012851588
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0630000
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0630000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt015026357
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0350029
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015376386
IRS990ScheduleD/EquipmentGrp/BookValueAmt05049284
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01960546
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07009830
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010817048
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010817048
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0358084
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0591398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0949482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03170820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031250773
IRS990ScheduleD/TotalLiabilityAmt03277807
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS CIRCULATED IN GENERAL CIRCULARS OF THE DENOMINATION AND MISSION AGENCIES FROM WHICH OLIVET UNIVERSITY RECRUITS ITS STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0100000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0100000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0MEDICAL FACILITY LEASE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0100000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0100000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt057800
IRS990ScheduleI/RecipientTable/CashGrantAmt134680
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt315780
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHRISTIAN MUSIC EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHURCH MISSIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RISINGTIDE CAMPAIGN/EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3DISTANCE EDUCATION TECHNOLOGY DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CHRISTIAN FAMILY PROGRAM DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0JUBILEE WORLD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1WORLD OLIVET ASSEMBLY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ASSOCIATION FOR BIBLICAL HIGHER EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3WORLD EVANGELICAL THEOLOGICAL INSTITUTE ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4FAITH & FAMILY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0510474217
IRS990ScheduleI/RecipientTable/RecipientEIN1461616553

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,800,783
Liabilities
$11,352,447
Net assets
$23,448,336
Revenue
$19,516,813
Expenses
$10,976,409
Net income
$8,540,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$82.6$24.4$58.2$14.1$17.1$3.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.0$23.9$61.1$14.6$14.7$0.12
2022Detailed filing. Detailed filing data is available for this year.$80.5$20.3$60.2$17.5$18.6$1.17
2021Detailed filing. Detailed filing data is available for this year.$81.4$21.9$59.4$25.7$24.4$1.23
2020Detailed filing. Detailed filing data is available for this year.$91.4$35.4$56.0$29.2$27.3$1.93
2019Detailed filing. Detailed filing data is available for this year.$96.0$42.6$53.4$30.6$26.1$4.46
2018Summary only. Only limited summary data is available for this year.$96.5$44.0$52.5$35.5$27.3$8.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$88.8$44.6$44.2$44.2$31.9$12.3
2016Detailed filing. Detailed filing data is available for this year.$44.7$12.8$32.0$28.2$19.7$8.52
2015Detailed filing. Detailed filing data is available for this year.$34.8$11.4$23.4$19.5$11.0$8.54
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.4$8.50$14.9$18.0$9.62$8.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.57$1.67$6.90$5.51
2012Summary only. Only limited summary data is available for this year.$9.37$1.17$8.20$12.3$9.91$2.38
2011Summary only. Only limited summary data is available for this year.$0.84$0.33$0.51$2.08$2.07$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits