Civic Intelligence

Mount Olivet Foundation

990 • Fiscal year 2022 • EIN 54-6073008

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

1500 N Glebe RdArlington, VA 22207

(703) 237-9481

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

1st percentile

-3389%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,523,433

Down $285,693 (-16%) from 2021

Net Assets

Down

$1,523,433

Down $285,693 (-16%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$1,367

Down $85,546 (-98%) from 2021

Expenses

Up

$47,693

Up $14,034 (+42%) from 2021

Net Income

Down

-$46,326

Down $99,580 (-187%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $847,006Liabilities 2011: $0Net Assets 2011: $847,0062011Assets 2012: $911,399Liabilities 2012: $0Net Assets 2012: $911,3992012Assets 2013: $1,010,506Liabilities 2013: $0Net Assets 2013: $1,010,5062013Assets 2014: $1,043,048Liabilities 2014: $0Net Assets 2014: $1,043,0482014Assets 2015: $1,017,905Liabilities 2015: $0Net Assets 2015: $1,017,9052015Assets 2016: $1,101,702Liabilities 2016: $0Net Assets 2016: $1,101,7022016Assets 2017: $1,242,026Liabilities 2017: $0Net Assets 2017: $1,242,0262017Assets 2018: $1,200,087Liabilities 2018: $0Net Assets 2018: $1,200,0872018Assets 2019: $1,367,465Liabilities 2019: $0Net Assets 2019: $1,367,4652019Assets 2020: $1,587,713Liabilities 2020: $0Net Assets 2020: $1,587,7132020Assets 2021: $1,809,126Liabilities 2021: $0Net Assets 2021: $1,809,1262021Assets 2022: $1,523,433Liabilities 2022: $0Net Assets 2022: $1,523,4332022Assets 2023: $1,704,594Liabilities 2023: $0Net Assets 2023: $1,704,5942023Assets 2024: $1,867,176Liabilities 2024: $0Net Assets 2024: $1,867,1762024

Highlighted filing

2022

Assets$1,523,433
Liabilities$0
Net Assets$1,523,433

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $23,532Expenses 2011: $21,301Net Income 2011: $2,2312011Revenue 2012: $24,717Expenses 2012: $20,935Net Income 2012: $3,7822012Revenue 2013: $46,459Expenses 2013: $22,526Net Income 2013: $23,9332013Revenue 2014: $58,172Expenses 2014: $20,442Net Income 2014: $37,7302014Revenue 2015: $49,693Expenses 2015: $32,690Net Income 2015: $17,0032015Revenue 2016: $89,905Expenses 2016: $20,887Net Income 2016: $69,0182016Revenue 2017: $68,029Expenses 2017: $25,351Net Income 2017: $42,6782017Revenue 2018: $45,868Expenses 2018: $28,483Net Income 2018: $17,3852018Revenue 2019: $66,522Expenses 2019: $27,308Net Income 2019: $39,2142019Revenue 2020: $91,419Expenses 2020: $35,980Net Income 2020: $55,4392020Revenue 2021: $86,913Expenses 2021: $33,659Net Income 2021: $53,2542021Revenue 2022: $1,367Expenses 2022: $47,693Net Income 2022: -$46,3262022Revenue 2023: $16,682Expenses 2023: $53,555Net Income 2023: -$36,8732023Revenue 2024: $47,669Expenses 2024: $64,568Net Income 2024: -$16,8992024

Highlighted filing

2022

Revenue$1,367
Expenses$47,693
Net Income-$46,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,367
Mission and Program Overview

Mission

Providing grants and interest-free loans to post-secondary students and grants to community organizations that demonstrate financial need.

The Foundation makes grants and interest-free loans to post-secondary students and supports community organizations with grants for specific purposes. The Foundation provides stewardship of the financial resources entrusted to it.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,809,126$1,523,433▼ $285,693
Investments in Publicly Traded Securities$1,452,592$1,184,038▼ $268,554
Receivable From Disqualified Prsn$329,425$315,967▼ $13,458
Cash and Non-Interest-Bearing Accounts$27,109$23,428▼ $3,681
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,809,126$1,523,433▼ $285,693
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,809,126$1,523,433▼ $285,693
Total Liabilities and Net Assets / Fund Balance$1,809,126$1,523,433▼ $285,693
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lucinda MaineDevelopment Chair
Kathie BaileyGrants Chair
Charlie MullinInvestments Chair
Cynthia NelsonLoans Co-Chair
Elizabeth WrayLoans Co-Chair
Cheryl MoorePresident
Wayne WittingAssistant Treasurer
Steven MeekController
Brian BulterMember
Chang EllisonMember
Delaney PriceMember
Janet OakMember
Jim CoatesMember
Jim DakeMember
Laura JensenMember
Martha FosterMember
Rachel HenslerMember
Victoria MetzMember
Vincent PriceMember
Susan LelandSecretary
Rick RitterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,292
Program Service Revenue
$75
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,292
Change in Net Assets
$-46,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,500
Other Expenses$2,193
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$32,500--$32,500
Grants to Domestic Orgs$13,000--$13,000
Fees for Services Accounting-$1,200-$1,200
Information Technology-$885-$885
Other Expenses$0$96$0$96
Office Expenses-$12-$12
Total Functional Expenses$45,500$2,193$0$47,693
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$329,425$315,967▼ $13,458
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by the Foundation's president and controller prior to submission.

Form 990, Part VI, Section B, Line 12C

In accordance with the board's conflict of interest policy, a board member with a conflict of interest related to a matter requiring a board vote must state the need to recuse himself/herself from the discussion and vote on the matter and must leave the meeting room. The secretary records the board member's recusal in the meeting minutes.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request. Copies may the obtained by writing to Mount Olivet Foundation, 1500 N Glebe Rd, Arlington, VA 22207.

Filing and Contact Details

Filer

Filer Name
Mount Olivet Foundation
EIN
54-6073008
Address
1500 N Glebe Rd, Arlington, VA 22207

Signing Officer

Name
Steven Meek
Title
Controller
Phone
5714253833
Signed
2023-11-15

Organization Details

Principal Officer
Cheryl Moore
Formed
1967
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
21
Raw XML AppendixShowing 400 of 482 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The Foundation makes grants and interest-free loans to post-secondary students and supports community organizations with grants for specific purposes. The Foundation provides stewardship of the financial resources entrusted to it.
IRS990/AllOtherContributionsAmt01292
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0Cheryl Moore
IRS990/BooksInCareOfDetail/PhoneNum07032379481
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0Mount Olivet Foundation
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt01500 N Glebe Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Arlington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022207
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt027109
IRS990/CashNonInterestBearingGrp/EOYAmt023428
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01292
IRS990/CYGrantsAndSimilarPaidAmt045500
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02193
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt075
IRS990/CYRevenuesLessExpensesAmt0-46326
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt047693
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01367
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0During 2022 the Foundation made educational grants ranging from $100 to $5,000 to 16 different students.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt032500
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01200
IRS990/FeesForServicesAccountingGrp/TotalAmt01200
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt170
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt180
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt190
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt200
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/PersonNm0Cheryl Moore
IRS990/Form990PartVIISectionAGrp/PersonNm1Lucinda Maine
IRS990/Form990PartVIISectionAGrp/PersonNm2Cynthia Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm3Elizabeth Wray
IRS990/Form990PartVIISectionAGrp/PersonNm4Steven Meek
IRS990/Form990PartVIISectionAGrp/PersonNm5Charlie Mullin
IRS990/Form990PartVIISectionAGrp/PersonNm6Rick Ritter
IRS990/Form990PartVIISectionAGrp/PersonNm7Wayne Witting
IRS990/Form990PartVIISectionAGrp/PersonNm8Kathie Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm9Laura Jensen
IRS990/Form990PartVIISectionAGrp/PersonNm10Chang Ellison
IRS990/Form990PartVIISectionAGrp/PersonNm11Rachel Hensler
IRS990/Form990PartVIISectionAGrp/PersonNm12Jim Coates
IRS990/Form990PartVIISectionAGrp/PersonNm13Jim Dake
IRS990/Form990PartVIISectionAGrp/PersonNm14Brian Bulter
IRS990/Form990PartVIISectionAGrp/PersonNm15Martha Foster
IRS990/Form990PartVIISectionAGrp/PersonNm16Susan Leland
IRS990/Form990PartVIISectionAGrp/PersonNm17Vincent Price
IRS990/Form990PartVIISectionAGrp/PersonNm18Victoria Metz
IRS990/Form990PartVIISectionAGrp/PersonNm19Delaney Price
IRS990/Form990PartVIISectionAGrp/PersonNm20Janet Oak
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Development Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Loans Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Loans Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt5Investments Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Assistant Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Grants Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Member
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt00
IRS990/GrantAmt032500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt032500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt032500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt013000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt013000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01367
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0885
IRS990/InformationTechnologyGrp/TotalAmt0885
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01452592
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01184038
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Providing grants and interest-free loans to post-secondary students and grants to community organizations that demonstrate financial need.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01809126
IRS990/NetAssetsOrFundBalancesEOYAmt01523433
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-239367
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012
IRS990/OfficeExpensesGrp/TotalAmt012
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Bank Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt096
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/TotalAmt096
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Cheryl Moore
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0Lending - Service Fee
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt075
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0During 2022 the Foundation provided grants ranging from $500 to $3,000 to five community organizations that provide services to low-income persons.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt013000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0During 2022 the Foundation made loans of $5,000 and $10,000 to 3 students to cover educational expenses. The Foundation at the end of 2022 had a total of $315,967 on loan.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt075
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt086663
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt031500
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02159
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0250
IRS990/PYRevenuesLessExpensesAmt053254
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt033659
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt086913
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt0329425
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt0315967
IRS990/ReconcilationRevenueExpnssAmt0-46326
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01809126
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01523433
IRS990ScheduleA/FactsAndCircumstancesTestTxt0The Foundation does not engage in extensive fundraising activities, but it has a continuing program to remind the affiliate church's members and other interested parties of the opportunities to assist low-income students and community organizations through financial contributions. Donations to the Foundation are typically in the range of $50 to $500, with the occasional gift or bequest of $10,000 or more. The fluctuating levels of contributions and the relatively large portion of restricted principal funds means that investment income usually represents a substantial portion of the funds available for grants and loans. Investment income and contributions are subject to considerable fluctuations from year to year depending on the economic climate and securities markets as well as the generosity of donors. Consequently, calculated "public support" is often less than 33.3% of total support.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt086663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt091044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0230875
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08110
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt054973
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.27508
IRS990ScheduleA/PublicSupportPY170Pct00.23753
IRS990ScheduleA/PublicSupportTotal170Amt078631
IRS990ScheduleA/SubstantialContributorsTotAmt0152244
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt086663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt091044
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035320
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0230875
IRS990ScheduleA/TotalSupportAmt0285848
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt032500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Grants to educational institutions for students
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0See response included in Sch I, Part IV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1The Grants Committee of the Foundation reviews all grant applications using established criteria most recently updated in 2012. Grants to non-profit organizations are awarded based on requests for specific projects that support underserved and low-income populations in local communities. Grants to individuals are awarded based upon criteria which include review of financial need with preference given to applicants with ties to Mount Olivet United Methodist Church in Arlington, Virginia, or the Methodist community. For educational grants, checks are made payable to the recipient's accredited educational institution. In recent years, amounts requested in applications have exceeded available funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule I, Part III
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Foundation's president and controller prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1In accordance with the board's conflict of interest policy, a board member with a conflict of interest related to a matter requiring a board vote must state the need to recuse himself/herself from the discussion and vote on the matter and must leave the meeting room. The secretary records the board member's recusal in the meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents and financial statements are available to the public upon request. Copies may the obtained by writing to Mount Olivet Foundation, 1500 N Glebe Rd, Arlington, VA 22207.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b

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.$1.87$0.00$1.87$0.05$0.06$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.02$0.05$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.00$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.09$0.03$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.09$0.04$0.06
2019Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$0.07$0.03$0.04
2018Summary only. Only limited summary data is available for this year.$1.20$0.00$1.20$0.05$0.03$0.02
2017Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.07$0.03$0.04
2016Summary only. Only limited summary data is available for this year.$1.10$0.00$1.10$0.09$0.02$0.07
2015Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$0.05$0.03$0.02
2014Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.06$0.02$0.04
2013Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$0.05$0.02$0.02
2012Summary only. Only limited summary data is available for this year.$0.91$0.00$0.91$0.02$0.02$0.00
2011Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.02$0.02$0.00