Civic Intelligence

Mount Olivet Foundation

990 • Fiscal year 2023 • EIN 54-6073008

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

2nd percentile

-221%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

1120%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,704,594

Up $181,161 (+12%) from 2022

Net Assets

Up

$1,704,594

Up $181,161 (+12%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$16,682

Up $15,315 (+1120%) from 2022

Expenses

Up

$53,555

Up $5,862 (+12%) from 2022

Net Income

Up

-$36,873

Up $9,453 (+20%) from 2022

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

2023

Assets$1,704,594
Liabilities$0
Net Assets$1,704,594

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

2023

Revenue$16,682
Expenses$53,555
Net Income-$36,873
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$16,682
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$1,523,433$1,704,594▲ $181,161
Investments in Publicly Traded Securities$1,184,038$1,402,071▲ $218,033
Receivable From Disqualified Prsn$315,967$278,178▼ $37,789
Cash and Non-Interest-Bearing Accounts$23,428$24,345▲ $917
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,523,433$1,704,594▲ $181,161
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,523,433$1,704,594▲ $181,161
Total Liabilities and Net Assets / Fund Balance$1,523,433$1,704,594▲ $181,161
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
Jane HansonMember
Janet OakMember
Jim DakeMember
Kim RoehlMember
Laura JensenMember
Martha FosterMember
Matt VoigtMember
Michelle BanksMember
Rachel HenslerMember
Victoria MetzMember
Vincent PriceMember
Susan LelandSecretary
Rick RitterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,532
Program Service Revenue
$150
Investment Income
$0
Other Revenue
$0
All Other Contributions
$16,532
Change in Net Assets
$-36,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,520
Other Expenses$2,035
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$36,520--$36,520
Grants to Domestic Orgs$15,000--$15,000
Fees for Services Accounting-$1,200-$1,200
Information Technology-$835-$835
Total Functional Expenses$51,520$2,035$0$53,555
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$315,967$278,178▼ $37,789
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

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

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

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
2024-11-14

Organization Details

Principal Officer
Cheryl Moore
Formed
1967
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
21
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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
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt016682
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0835
IRS990/InformationTechnologyGrp/TotalAmt0835
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01184038
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01402071
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/NetAssetsOrFundBalancesBOYAmt01523433
IRS990/NetAssetsOrFundBalancesEOYAmt01704594
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0218034
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
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/RelatedOrExemptFuncIncomeAmt0150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0During 2023 the Foundation provided grants ranging from $1,00 to $5,000 to five community organizations that provide services preschool and low-income individuals.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt015000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt015000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01292
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt045500
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02193
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt075
IRS990/PYRevenuesLessExpensesAmt0-46326
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt047693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01367
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt0315967
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt0278178
IRS990/ReconcilationRevenueExpnssAmt0-36873
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/BOYAmt01523433
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01704594
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/CurrentTaxYearAmt016532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt086663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt091044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0212087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt046863
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt046863
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.30889
IRS990ScheduleA/PublicSupportPY170Pct00.27508
IRS990ScheduleA/PublicSupportTotal170Amt079987
IRS990ScheduleA/SubstantialContributorsTotAmt0132100
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016532
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt086663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt091044
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016556
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0212087
IRS990ScheduleA/TotalSupportAmt0258950
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt036520
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Grants to educational institutions for students
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt018
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Schedule I, Part I, Line 2 - See response included in Sch I, Part III
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section B, Line 11b - The Form 990 is reviewed by the Foundation's president and controller prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01523433
IRS990/TotalAssetsEOYAmt01704594
IRS990/TotalAssetsGrp/BOYAmt01523433
IRS990/TotalAssetsGrp/EOYAmt01704594
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016532
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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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