Civic Intelligence

Olivet University

990 • Fiscal year 2016 • EIN 20-0909475

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

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

51st percentile

0.29x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.45x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

87th percentile

30%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$98,400

Higher top officer pay than 11% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

91st percentile

29%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

44%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$44,745,607

Up $9,944,824 (+29%) from 2015

Net Assets

Up

$31,967,842

Up $8,519,506 (+36%) from 2015

Liabilities

Up

$12,777,765

Up $1,425,318 (+13%) from 2015

Revenue

Up

$28,187,507

Up $8,670,694 (+44%) from 2015

Expenses

Up

$19,668,001

Up $8,691,592 (+79%) from 2015

Net Income

Down

$8,519,506

Down $20,898 (-0.2%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$44,745,607
Liabilities$12,777,765
Net Assets$31,967,842

Operations Trend

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

2016

Revenue$28,187,507
Expenses$19,668,001
Net Income$8,519,506
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$28,187,507
Mission and Program Overview

Mission

Providing quality Christian education to the network generation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,250,773$35,092,232▲ $3,841,459
Pledges and Grants Receivable$2,208,590$4,635,478▲ $2,426,888
Other Notes and Loans Receivable, Net-$2,787,223-
Accounts Receivable$536,912$1,522,411▲ $985,499
Cash and Non-Interest-Bearing Accounts$608,152$319,106▼ $289,046
Investments Program Related$73,500$47,060▼ $26,440
Prepaid Expenses and Deferred Charges$12,653$7,488▼ $5,165
Savings and Temporary Cash Investments-$1,168-
Total Assets$34,800,783$44,745,607▲ $9,944,824
Other Assets Total$110,203$333,441▲ $223,238
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,075,474$6,989,295▼ $86,179
Other Liabilities$3,277,807$3,631,977▲ $354,170
Accounts Payable and Accrued Expenses$977,751$1,811,295▲ $833,544
Deferred Revenue$21,415$345,198▲ $323,783
Total Liabilities$11,352,447$12,777,765▲ $1,425,318
Net Assets / Fund Balance
Unrestricted Net Assets$21,239,746$27,332,364▲ $6,092,618
Temporarily Rstr Net Assets$2,208,590$4,635,478▲ $2,426,888
Total Net Assets Fund Balance$23,448,336$31,967,842▲ $8,519,506
Total Liabilities and Net Assets / Fund Balance$34,800,783$44,745,607▲ $9,944,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,729,509$589,136$18,318,645
Land$11,017,048-$11,017,048
Equipment$5,986,781$3,422,476$9,409,257
Other Land Buildings$358,894$674,731$1,033,625
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tracy DavisPresidentFT$98,400$98,400
Ginturn TranVice PresidentFT$44,400$44,400

Board Members and Trustees

NameTitle
Tony LinChairman
Christopher ChouTrustee
Juan We ChiuTrustee
Winnie WongSecretary
William AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,276,056
Program Service Revenue
$22,280,889
Investment Income
$674
Other Revenue
$-370,112
All Other Contributions
$6,276,056
Change in Net Assets
$8,519,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,392,454
Grants and Similar Amounts Paid$5,064,840
Salaries, Compensation, and Employee Benefits$2,210,707
Total Fundraising Expense$31,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,750,840--$4,750,840
Other Salaries and Wages$1,546,965$321,575$28,770$1,897,310
Depreciation Depletion$1,360,845$423,525-$1,784,370
Occupancy$1,172,039$245,630-$1,417,669
All Other Expenses$311,475$601,037-$912,512
Interest$539,030$10,655-$549,685
Other Expenses$298,558$42,850-$341,408
Foreign Grants$314,000--$314,000
Insurance-$228,227-$228,227
Fees for Services Legal-$206,999-$206,999
Payroll Taxes$121,106$46,586$2,905$170,597
Current Officers, Directors, Trustees, and Key Employees-$142,800-$142,800
Travel$109,893$15,425-$125,318
Information Technology$50,035$56,098-$106,133
Fees for Services Accounting-$80,490-$80,490
Advertising$55,911$5,485-$61,396
Office Expenses$14,250$18,000-$32,250
Fees for Services Other$18,049--$18,049
Conferences and Meetings$2,587$2,916-$5,503
Total Functional Expenses$14,739,219$4,897,107$31,675$19,668,001
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World Olivet AssemblyDover Plains, NY501(c)(3)Church Missions$4,661,860
Olivet AcademyNew York, NY501(c)(3)Christian Children Education$66,900
Association for Biblical Higher EducationOrlando, FL501(c)(3)Risingtide Campaign/education$12,100

International Summary

Offices
0
Employees
0
Spending
$314,000

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 Pacific - Australia, Brunei, Burma, Cambodia,Grantmaking-00$314,000
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
-TrusteeR&d AgrmntNo$1,001,624
-TrusteeR&d AgrmntNo$372,460
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$3,506,289
Deficiency in Pleros Inc. Investment$119,488
Deficiency in Bam Resource Training Inc. Investment$6,200
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 12C

The chairman and cfo review all transactions quarterly and annually to ensure conflicts of interest do not exist. The chairman acts as the final reviewer. Compensation is checked against council for christian colleges & universities' benchmarks to ensure fairness annually. Board decisions are documented in the minutes kept by the secretary.

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
Tony Lin
Title
Chairman
Phone
9517630500
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Davis
Formed
2004
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
3
Employees
116
Volunteers
61

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 33, OWNERSHIP OF DISREGARDED ENTITY:

Dover greens, llc (f/k/a olivet management, llc) is a single-member llc with olivet university as its sole member. The llc's actvity 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 certain subsidiaries that are taxed as c corporations. For these subsidiaries, income taxes are recognized for the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets are recognized for the future tax consequences of transactions that have been recognized in the university's consolidated financial statements or tax returns. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax asset will not be realized. At june 30, 2016 and for the year then ended, current and deferred taxes are not material to university's consolidated financial statements. The university has no unrecognized tax benefits at june 30, 2016. The university's federal and state income tax returns prior to fiscal years 2013 and 2012, 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 consolidated statement of financial position.

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06989295
IRS990/NetAssetsOrFundBalancesBOYAmt023448336
IRS990/NetAssetsOrFundBalancesEOYAmt031967842
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0245630
IRS990/OccupancyGrp/ProgramServicesAmt01172039
IRS990/OccupancyGrp/TotalAmt01417669
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018000
IRS990/OfficeExpensesGrp/ProgramServicesAmt014250
IRS990/OfficeExpensesGrp/TotalAmt032250
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0110203
IRS990/OtherAssetsTotalGrp/EOYAmt0333441
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL/MAINTE
IRS990/OtherExpensesGrp/Desc1SERVICE FEES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01589450
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1450857
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2408502
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt342850
IRS990/OtherExpensesGrp/ProgramServicesAmt03598794
IRS990/OtherExpensesGrp/ProgramServicesAmt1380139
IRS990/OtherExpensesGrp/ProgramServicesAmt294703
IRS990/OtherExpensesGrp/ProgramServicesAmt3298558
IRS990/OtherExpensesGrp/TotalAmt05188244
IRS990/OtherExpensesGrp/TotalAmt1830996
IRS990/OtherExpensesGrp/TotalAmt2503205
IRS990/OtherExpensesGrp/TotalAmt3341408
IRS990/OtherLiabilitiesGrp/BOYAmt03277807
IRS990/OtherLiabilitiesGrp/EOYAmt03631977
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0DISCOUNT ON PLEDGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-370112
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-370112
IRS990/OtherRevenueTotalAmt0-370112
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt028770
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0321575
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01546965
IRS990/OtherSalariesAndWagesGrp/TotalAmt01897310
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02787223
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02905
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046586
IRS990/PayrollTaxesGrp/ProgramServicesAmt0121106
IRS990/PayrollTaxesGrp/TotalAmt0170597
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02208590
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04635478
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012653
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07488
IRS990/PrincipalOfficerNm0TRACY DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611310
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017540000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14740889
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017540000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14740889
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED STUDENT SERVICES INCLUDING ADMISSIONS, SOCIAL AND CULTURE DEVELOPMENT, COUNSELING AND CAREER GUIDANCE, AND FINANCIAL AID ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0829875
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED ACADEMIC SUPPORT SERVICES INCLUDING LIBRARY DEVELOPMENT, PROFESSIONAL ACADEMIC DEVELOPMENT, AND ACADEMIC COMPUTING SUPPORT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01014950
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06034191
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0273170
IRS990/PYInvestmentIncomeAmt01034
IRS990/PYOtherExpensesAmt09005873
IRS990/PYOtherRevenueAmt0631399
IRS990/PYProgramServiceRevenueAmt012850189
IRS990/PYRevenuesLessExpensesAmt08540404
IRS990/PYSalariesCompEmpBnftPaidAmt01697366
IRS990/PYTotalExpensesAmt010976409
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019516813
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08519506
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022280889
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01168
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/BookValueAmt017729509
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0589136
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018318645
IRS990ScheduleD/EquipmentGrp/BookValueAmt05986781
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03422476
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09409257
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011017048
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011017048
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0358894
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0674731
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01033625
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03506289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1119488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFICIENCY IN PLEROS INC. INVESTMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFICIENCY IN BAM RESOURCE TRAINING INC. INVESTMENT
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 CERTAIN SUBSIDIARIES THAT ARE TAXED AS C CORPORATIONS. FOR THESE SUBSIDIARIES, INCOME TAXES ARE RECOGNIZED FOR THE AMOUNT OF TAXES PAYABLE OR REFUNDABLE FOR THE CURRENT YEAR AND DEFERRED TAX LIABILITIES AND ASSETS ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES OF TRANSACTIONS THAT HAVE BEEN RECOGNIZED IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS OR TAX RETURNS. A VALUATION ALLOWANCE IS PROVIDED WHEN IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSET WILL NOT BE REALIZED. AT JUNE 30, 2016 AND FOR THE YEAR THEN ENDED, CURRENT AND DEFERRED TAXES ARE NOT MATERIAL TO UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2016. THE UNIVERSITY'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEARS 2013 AND 2012, 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 CONSOLIDATED STATEMENT OF FINANCIAL POSITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035092232
IRS990ScheduleD/TotalLiabilityAmt03631977
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/RegionTotalExpendituresAmt0314000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0314000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0TRAINING CENTER PURCHASE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0314000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVED A FUND EXPENDITURE REPORT AND CONDUCTED ADDITIONAL INSPECTION OF THE FACILITIES TO VERIFY USE AS A TRAINING CENTER AND AS A SITE TO TRAIN AND EDUCATE CHRISTIAN MISSIONARIES.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0314000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt04661860
IRS990ScheduleI/RecipientTable/CashGrantAmt166900
IRS990ScheduleI/RecipientTable/CashGrantAmt212100
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHURCH MISSIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHRISTIAN CHILDREN EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RISINGTIDE CAMPAIGN/EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORLD OLIVET ASSEMBLY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1OLIVET ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ASSOCIATION FOR BIBLICAL HIGHER EDUCATION
IRS990ScheduleI/RecipientTable/RecipientEIN0461616553
IRS990ScheduleI/RecipientTable/RecipientEIN1810683419
IRS990ScheduleI/RecipientTable/RecipientEIN2351055662
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0115 DOVER FURNACE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16 BARCLAY ST FL 5
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt25850 TG LEE BLVD STE 130
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DOVER PLAINS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ORLANDO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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