Civic Intelligence

Olivet University

990 • Fiscal year 2017 • EIN 20-0909475

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

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

69th percentile

0.50x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

1.01x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

6th percentile

$100,800

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

98th percentile

99%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

57%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$88,833,254

Up $44,087,647 (+99%) from 2016

Net Assets

Up

$44,234,666

Up $12,266,824 (+38%) from 2016

Liabilities

Up

$44,598,588

Up $31,820,823 (+249%) from 2016

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin83rd percentile

Revenue

Up

$44,163,900

Up $15,976,393 (+57%) from 2016

Expenses

Up

$31,897,076

Up $12,229,075 (+62%) from 2016

Net Income

Up

$12,266,824

Up $3,747,318 (+44%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2017

Assets$88,833,254
Liabilities$44,598,588
Net Assets$44,234,666
Open 2017 Filing

Operations Trend

Revenue Growth89th 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

2017

Revenue$44,163,900
Expenses$31,897,076
Net Income$12,266,824
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$44,163,900
Mission and Program Overview

Mission

Providing quality Christian education to the network generation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,092,232$70,172,820▲ $35,080,588
Pledges and Grants Receivable$4,635,478$6,424,713▲ $1,789,235
Other Notes and Loans Receivable, Net$2,787,223$5,741,016▲ $2,953,793
Accounts Receivable$1,522,411$4,942,872▲ $3,420,461
Cash and Non-Interest-Bearing Accounts$319,106$570,094▲ $250,988
Investments Program Related$47,060$349,111▲ $302,051
Prepaid Expenses and Deferred Charges$7,488$80,652▲ $73,164
Savings and Temporary Cash Investments$1,168$1,181▲ $13
Total Assets$44,745,607$88,833,254▲ $44,087,647
Other Assets Total$333,441$550,795▲ $217,354
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,989,295$22,212,108▲ $15,222,813
Other Liabilities$3,631,977$18,978,903▲ $15,346,926
Accounts Payable and Accrued Expenses$1,811,295$3,070,052▲ $1,258,757
Deferred Revenue$345,198$337,525▼ $7,673
Total Liabilities$12,777,765$44,598,588▲ $31,820,823
Net Assets / Fund Balance
Unrestricted Net Assets$27,332,364$37,809,953▲ $10,477,589
Temporarily Rstr Net Assets$4,635,478$6,424,713▲ $1,789,235
Total Net Assets Fund Balance$31,967,842$44,234,666▲ $12,266,824
Total Liabilities and Net Assets / Fund Balance$44,745,607$88,833,254▲ $44,087,647

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,483,394$7,747,610$29,231,004
Land$23,708,681-$23,708,681
Buildings$22,601,262$954,769$23,556,031
Other Land Buildings$2,379,483$759,731$3,139,214
Compensation and Service Providers
Top Officer Pay6th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy DavisPresidentFT$100,800$100,800
Ginturn TranVice PresidentFT$44,400$44,400

Board Members and Trustees

NameTitle
Tony LinChairman
Christopher ChouTrustee
Juan We ChiuTrustee
Simon KimTRUSTEE (Outgoing)
Winnie WongSecretary
Brian KimTreasurer
William AndersonTREASURER (outgoing)
Revenue and Support

Revenue Composition

Contributions and Grants
$6,154,610
Program Service Revenue
$37,870,461
Investment Income
$149
Other Revenue
$138,680
All Other Contributions
$6,154,610
Change in Net Assets
$12,266,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,910,263
Grants and Similar Amounts Paid$6,460,874
Salaries, Compensation, and Employee Benefits$2,525,939
Total Fundraising Expense$18,327
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,460,874--$6,460,874
Depreciation Depletion$3,581,815$1,193,952-$4,775,767
Interest$2,982,103$636,954-$3,619,057
Other Salaries and Wages$1,883,852$308,372-$2,192,224
Occupancy$1,168,698$389,566-$1,558,264
Fees for Services Other$842,880--$842,880
All Other Expenses$404,670$365,175-$769,845
Other Expenses$133,948$401,843-$535,791
Insurance-$373,140-$373,140
Payroll Taxes$149,812$38,703-$188,515
Fees for Services Legal-$176,545-$176,545
Current Officers, Directors, Trustees, and Key Employees-$145,200-$145,200
Travel$63,847$27,067$17,355$108,269
Fees for Services Accounting-$63,770-$63,770
Office Expenses$43,902$14,634-$58,536
Information Technology$43,597$14,533-$58,130
Advertising$23,624--$23,624
Conferences and Meetings$2,605$1,193$972$4,770
Total Functional Expenses$25,788,154$6,090,595$18,327$31,897,076
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World Olivet AssemblyDover Plains, NY501(c)(3)Church Missions$5,669,846
Jubilee WorldSt Louis, MO501(c)(3)Develop Educational and Training Space for Christian Musicians and Students$738,000
Association for Biblical Higher EducationOrlando, FL501(c)(3)Rising Tide Campaign/education$19,000
Olivet AcademyNew York, NY501(c)(3)Christian Children Education$18,150
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
-Board SecretaryWinnie Wong, Board Secretary of Olivet University, is a shareholder of Yibada Inc. During the current fiscal year, Olivet University entered into a Research & Development agreement with Yibada Inc. All terms were negotiated at arms-length.No$132,050
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Leases$17,640,805
Research Revenue Overpayments$1,338,098
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 11B

“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
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Davis
Formed
2004
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
4
Employees
97
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 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 Section 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 in 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, 2017 and for the year then ended, current and deferred taxes are not material to the University's consolidated financial statements. The University has no unrecognized tax benefits at June 30, 2017. The University's federal and state income tax returns prior to fiscal years 2014 and 2013, 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.”

Raw XML AppendixShowing 400 of 661 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/Desc0PROVIDED EDUCATION ON VARIOUS CHRISTIAN SUBJECTS TO STUDENTS.IN THE 2016-2017 FINANCIAL YEAR, OLIVET UNIVERSITY CONTINUED TO EDUCATE STUDENTS, STRENGTHEN ITS MINISTRY PRACTICE PROGRAM, IMPROVE ITS RESEARCH AND DEVELOPMENT, DEVELOP ITS ELECTRONIC RESOURCES HOLDINGS, INCREASE ENROLLMENT, AND EXPAND ITS COURSE OFFERINGS.
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt047060
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0349111
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09462110
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035092232
IRS990/LandBldgEquipBasisNetGrp/EOYAmt070172820
IRS990/LandBldgEquipCostOrOtherBssAmt079634930
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING QUALITY CHRISTIAN EDUCATION TO THE NETWORK GENERATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06989295
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022212108
IRS990/NetAssetsOrFundBalancesBOYAmt031967842
IRS990/NetAssetsOrFundBalancesEOYAmt044234666
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0389566
IRS990/OccupancyGrp/ProgramServicesAmt01168698
IRS990/OccupancyGrp/TotalAmt01558264
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014634
IRS990/OfficeExpensesGrp/ProgramServicesAmt043902
IRS990/OfficeExpensesGrp/TotalAmt058536
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0333441
IRS990/OtherAssetsTotalGrp/EOYAmt0550795
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Equipment Rental/Maint.
IRS990/OtherExpensesGrp/Desc1Bad Debt Expense
IRS990/OtherExpensesGrp/Desc2Service Fees
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01195420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1605973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2138555
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3401843
IRS990/OtherExpensesGrp/ProgramServicesAmt07586262
IRS990/OtherExpensesGrp/ProgramServicesAmt1415665
IRS990/OtherExpensesGrp/ProgramServicesAmt2133948
IRS990/OtherExpensesGrp/TotalAmt08781682
IRS990/OtherExpensesGrp/TotalAmt1605973
IRS990/OtherExpensesGrp/TotalAmt2554220
IRS990/OtherExpensesGrp/TotalAmt3535791
IRS990/OtherLiabilitiesGrp/BOYAmt03631977
IRS990/OtherLiabilitiesGrp/EOYAmt018978903
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1DISCOUNT ON PLEDGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0104335
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt134345
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0104335
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt134345
IRS990/OtherRevenueTotalAmt0138680
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0308372
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01883852
IRS990/OtherSalariesAndWagesGrp/TotalAmt02192224
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02787223
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05741016
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038703
IRS990/PayrollTaxesGrp/ProgramServicesAmt0149812
IRS990/PayrollTaxesGrp/TotalAmt0188515
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04635478
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06424713
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07488
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080652
IRS990/PrincipalOfficerNm0TRACY DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611310
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt033031527
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14838934
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt033031527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14838934
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED STUDENT SERVICES INCLUDING ADMISSIONS, SOCIAL AND CULTURE DEVELOPMENT, COUNSELING AND CAREER GUIDANCE, AND FINANCIAL AID ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01451873
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED ACADEMIC SUPPORT SERVICES INCLUDING LIBRARY DEVELOPMENT, PROFESSIONAL ACADEMIC DEVELOPMENT, AND ACADEMIC COMPUTING SUPPORT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01776804
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06276056
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05064840
IRS990/PYInvestmentIncomeAmt0674
IRS990/PYOtherExpensesAmt012392454
IRS990/PYOtherRevenueAmt0-370112
IRS990/PYProgramServiceRevenueAmt022280889
IRS990/PYRevenuesLessExpensesAmt08519506
IRS990/PYSalariesCompEmpBnftPaidAmt02210707
IRS990/PYTotalExpensesAmt019668001
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt028187507
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt012266824
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt038009141
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01168
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01181
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/BookValueAmt022601262
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0954769
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt023556031
IRS990ScheduleD/EquipmentGrp/BookValueAmt021483394
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07747610
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029231004
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt023708681
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt023708681
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02379483
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0759731
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03139214
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017640805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11338098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESEARCH REVENUE OVERPAYMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The principal activities of the University are exempt from income taxes under Section 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 in 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, 2017 and for the year then ended, current and deferred taxes are not material to the University's consolidated financial statements. The University has no unrecognized tax benefits at June 30, 2017. The University's federal and state income tax returns prior to fiscal years 2014 and 2013, 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/TotalBookValueLandBuildingsAmt070172820
IRS990ScheduleD/TotalLiabilityAmt018978903
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 nondiscriminatory policy is found in all handbooks, which are published on the website and accessible to all potential applicants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05669846
IRS990ScheduleI/RecipientTable/CashGrantAmt118150
IRS990ScheduleI/RecipientTable/CashGrantAmt219000
IRS990ScheduleI/RecipientTable/CashGrantAmt3738000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHURCH MISSIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHRISTIAN CHILDREN EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RISING TIDE CAMPAIGN/EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3DEVELOP EDUCATIONAL AND TRAINING SPACE FOR CHRISTIAN MUSICIANS AND STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORLD OLIVET ASSEMBLY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1OLIVET ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ASSOCIATION FOR BIBLICAL HIGHER EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3JUBILEE WORLD
IRS990ScheduleI/RecipientTable/RecipientEIN0461616553
IRS990ScheduleI/RecipientTable/RecipientEIN1810683419
IRS990ScheduleI/RecipientTable/RecipientEIN2351055662
IRS990ScheduleI/RecipientTable/RecipientEIN3510474217
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/AddressLine1Txt35341 EMERSON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DOVER PLAINS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ORLANDO
IRS990ScheduleI/RecipientTable/USAddress/CityNm3ST LOUIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012522
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110007
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd232822
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd363120
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS THAT RECEIVE GRANTS PROVIDE REPORTS INDICATING THAT THE FUNDS WERE USED EXCLUSIVELY FOR EXEMPT ACTIVITIES. ADDITIONALLY, FUNDS ARE ONLY GRANTED TO ORGANIZATIONS WHOSE STATED MISSION IS LIMITED TO EXEMPT ACTIVITIES COMPATIBLE WITH OLIVET UNIVERSITY'S MISSION.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$88,833,254
Liabilities
$44,598,588
Net assets
$44,234,666
Revenue
$44,163,900
Expenses
$31,897,076
Net income
$12,266,824
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
2017Detailed filing. Detailed filing data is available for this year.$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

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