Liabilities / Assets
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 25.9% of source-year revenue.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Assets
Down$2,987,006
Down $47,627 (-1.6%) from 2020
Net Assets
Down$2,987,006
Down $47,627 (-1.6%) from 2020
Liabilities
Flat$0
Flat from 2020
Revenue
Down$177,443
Down $47,604 (-21%) from 2020
Expenses
Down$222,285
Down $14,363 (-6.1%) from 2020
Net Income
Down-$44,842
Down $33,241 (-287%) from 2020
Provide scholarships for residents of duplin county and the town of mount olive, nc who are full or part-time students of mount olive college
Provide funding for scholarships for residents of duplin county and the town of mount olive, nc who are full or part-time students of mountolive college
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cap Stk Tr Prin Current Funds | $3,034,633 | $2,987,006 | ▼ $47,627 |
| Investments in Publicly Traded Securities | $2,794,761 | $2,851,957 | ▲ $57,196 |
| Savings and Temporary Cash Investments | $225,039 | $123,545 | ▼ $101,494 |
| Land, Buildings, and Equipment, Net | $11,445 | $11,445 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $3,388 | $59 | ▼ $3,329 |
| Total Assets | $3,034,633 | $2,987,006 | ▼ $47,627 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $3,034,633 | $2,987,006 | ▼ $47,627 |
| Total Liabilities and Net Assets / Fund Balance | $3,034,633 | $2,987,006 | ▼ $47,627 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $11,445 | - | - |
| Name | Title | Base | Total |
|---|---|---|---|
| Truist Bank | Trustee | $45,902 | $45,902 |
| Name | Title |
|---|---|
| Tim Woodward | President |
| Clark Drummond | Trustee |
| Mary Drummond | Trustee |
| Lynne Smith | Secretary |
| Brian Blackburn | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $173,754 |
| Salaries, Compensation, and Employee Benefits | $45,902 |
| Other Expenses | $2,629 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $173,754 | - | - | $173,754 |
| Current Officers, Directors, Trustees, and Key Employees | $22,951 | $22,951 | - | $45,902 |
| Other Expenses | - | $148 | - | $148 |
| Fees for Services Other | - | $12 | - | $12 |
| Total Functional Expenses | $196,705 | $25,580 | $0 | $222,285 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| University of Mount Olive Inc | Mount Olive, NC | - | Provide Funding for Scholarships for Residents of Duplin County and the Town of Mount Olive, Nc Who Are Full or Part-time Students of Mount Olive College | $173,754 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Truist bank acts as the institutional trustee for the otha a herring scholarship fund i trust. Tim woodward, brian blackburn, and lynne smith are co-trustee's. Mr. Woodward, mr. Blackburn, and ms. Smith are also employed by the university of mount olive, which is the trust's supported organization.”
“Truist bank has made multiple good faith attempts to obtain salary and benefit information from mr. Woodward, mr. Blackburn, and ms. Smith. At this time, truist bank has not been able to verify the 2020 salary and benefit information for mr. Woodward, mr. Blackburn, and ms. Smith.”
“The members of the trust are family members of the grantor, the corporate trustee, and college appointed trustees.”
“Up to four trustees are appointed by the president of the supported organization, the college. The family member trustees are appointed by the grantor's issue.”
“The institutional trustee coordinates the preparation of form 990 with an accounting firm and shares it with the individual trustees prior to filing.”
“NONE”
“NONE”
“NONE”
“We make our form 1023 and forms 990 available to the public upon request”
“We make our governing documents available to the public upon request”
“The difference between beginning and ending net assets is due to 2020 transactions posted in 2021 in the amount of ($2,644.66), return of capital adjustments in the amount of ($142.98), an adjustment to income of $1.79, and rounding of $1.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNTOLIVE COLLEGE |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | TRUIST BANK |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2522464027 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 919798 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ORLANDO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 32891 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 3034633 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 2987006 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 3388 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 59 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 22951 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 22951 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 45902 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 173754 |
| IRS990/CYInvestmentIncomeAmt | 0 | 177443 |
| IRS990/CYOtherExpensesAmt | 0 | 2629 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -44842 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 45902 |
| IRS990/CYTotalExpensesAmt | 0 | 222285 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 177443 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | PROVIDE SCHOLARSHIPS TO STUDENTS WHO ATTEND MT. OLIVE COLLEGE |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 196705 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 12 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 12 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | TIM WOODWARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BRIAN BLACKBURN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LYNNE SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARY DRUMMOND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CLARK DRUMMOND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | TRUIST BANK |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 45902 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 90554 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantAmt | 0 | 173754 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 173754 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 173754 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1140053 |
| IRS990/GrossReceiptsAmt | 0 | 1226942 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 86889 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 86889 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 2794761 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 2851957 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 11445 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 11445 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 11445 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 1049499 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNTOLIVE COLLEGE |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3034633 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2987006 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 90554 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 90554 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -2785 |
| IRS990/OtherExpensesGrp/Desc | 0 | FOREIGN TAXES WITHHELD |
| IRS990/OtherExpensesGrp/Desc | 1 | REAL ESTATE TAXES |
| IRS990/OtherExpensesGrp/Desc | 2 | ADR FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | REAL ESTATE EXPENSES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1788 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 432 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 249 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 148 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1788 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 432 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 249 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 148 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | TRUIST BANK |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 187113 |
| IRS990/PYInvestmentIncomeAmt | 0 | 225047 |
| IRS990/PYOtherExpensesAmt | 0 | 5721 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -11601 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 43814 |
| IRS990/PYTotalExpensesAmt | 0 | 236648 |
| IRS990/PYTotalRevenueAmt | 0 | 225047 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -44842 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 225039 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 123545 |
| IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt | 0 | 0 |
| IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt | 0 | 0 |
| IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt | 0 | 0 |
| IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt | 0 | 0 |
| IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt | 0 | 0 |
| IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | true |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 560623936 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 2 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 173754 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | UNIVERSITY OF MOUNT OLIVE INC |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 173754 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 11445 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 11445 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 11445 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | false |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 173754 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | PROVIDE FUNDING FOR SCHOLARSHIPS FOR RESIDENTS OF DUPLIN COUNTY AND THE TOWN OF MOUNT OLIVE, NC WHO ARE FULL OR PART-TIME STUDENTS OF MOUNT OLIVE COLLEGE |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | UNIVERSITY OF MOUNT OLIVE INC |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 560623936 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 634 HENDERSON STREET |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | MOUNT OLIVE |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 28365 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | ALL DISTRIBUTIONS ARE MADE IN ACCORDANCE WITH THE TRUST DOCUMENT TO THE SUPPORTED ORGANIZATION. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TRUIST BANK ACTS AS THE INSTITUTIONAL TRUSTEE FOR THE OTHA A HERRING SCHOLARSHIP FUND I TRUST. TIM WOODWARD, BRIAN BLACKBURN, AND LYNNE SMITH ARE CO-TRUSTEE'S. MR. WOODWARD, MR. BLACKBURN, AND MS. SMITH ARE ALSO EMPLOYED BY THE UNIVERSITY OF MOUNT OLIVE, WHICH IS THE TRUST'S SUPPORTED ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | TRUIST BANK HAS MADE MULTIPLE GOOD FAITH ATTEMPTS TO OBTAIN SALARY AND BENEFIT INFORMATION FROM MR. WOODWARD, MR. BLACKBURN, AND MS. SMITH. AT THIS TIME, TRUIST BANK HAS NOT BEEN ABLE TO VERIFY THE 2020 SALARY AND BENEFIT INFORMATION FOR MR. WOODWARD, MR. BLACKBURN, AND MS. SMITH. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE MEMBERS OF THE TRUST ARE FAMILY MEMBERS OF THE GRANTOR, THE CORPORATE TRUSTEE, AND COLLEGE APPOINTED TRUSTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UP TO FOUR TRUSTEES ARE APPOINTED BY THE PRESIDENT OF THE SUPPORTED ORGANIZATION, THE COLLEGE. THE FAMILY MEMBER TRUSTEES ARE APPOINTED BY THE GRANTOR'S ISSUE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE INSTITUTIONAL TRUSTEE COORDINATES THE PREPARATION OF FORM 990 WITH AN ACCOUNTING FIRM AND SHARES IT WITH THE INDIVIDUAL TRUSTEES PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | NONE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NONE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | NONE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | WE MAKE OUR FORM 1023 AND FORMS 990 AVAILABLE TO THE PUBLIC UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | WE MAKE OUR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | THE DIFFERENCE BETWEEN BEGINNING AND ENDING NET ASSETS IS DUE TO 2020 TRANSACTIONS POSTED IN 2021 IN THE AMOUNT OF ($2,644.66), RETURN OF CAPITAL ADJUSTMENTS IN THE AMOUNT OF ($142.98), AN ADJUSTMENT TO INCOME OF $1.79, AND ROUNDING OF $1. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | EXPLANATION FOR FORM 990, PART VII, SECTION A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | EXPLANATION FOR FORM 990, PART VII, SECTION A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | EXPLANATION FOR FORM 990, PART XI, LINE 9 |
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| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 222285 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2987006 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/CityNm | 0 | ORLANDO |
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| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
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| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TRUIST BANK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-14 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HERR |
| ReturnHeader/Filer/EIN | 0 | 756690165 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | ORLANDO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 346565596 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ERNST & YOUNG US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 40 WESTMINSTER ST STE 800 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PROVIDENCE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | RI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02903 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4014573839 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-04-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RICHARD RALEIGH |
| ReturnHeader/ReturnTs | 0 | 2022-05-02T10:00:28-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-06-30 |
| ReturnHeader/TaxYr | 0 | 2020 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.