Overview
What is The University Of Mount Olive Foundation?
The University of Mount Olive Foundation is a nonprofit organization situated in Mount Olive, North Carolina. Its primary purpose is to bolster the University of Mount Olive Inc's outreach to students and the community by seeking alternative sources of support. This foundation holds real estate that is utilized by the university in carrying out its exempt activities, as per the information provided. While the specifics of their activities are detailed in Schedule O, the mission of this foundation is to aid and enrich the University of Mount Olive's impact in the community and among its students.
Official website here: www.umo.edu
Is The University Of Mount Olive Foundation legitimate?
The University Of Mount Olive Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Mount Olive Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.umo.edu
What is the mission statement of The University Of Mount Olive Foundation?
The University of Mount Olive Foundation's mission is to explore alternative means of support to bolster the University of Mount Olive's commitment to its students and the community. The primary objective of this nonprofit foundation is to augment the university's outreach efforts. The foundation holds certain real estate properties, which are utilized by the University of Mount Olive Inc. in executing its exempt purpose.
Official website here: www.umo.edu
What is the revenue of The University Of Mount Olive Foundation?
The University Of Mount Olive Foundation's revenue in 2023 was $948,904.
Official website here: www.umo.edu
Who are the executives of The University Of Mount Olive Foundation and what are their salaries?
There 16 volunteers at The University Of Mount Olive Foundation.
Here are 17 key members and their salaries:
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- Related: $254,150
- Other: $33,134
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- Other: $38,166
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Official website here: www.umo.edu
Where can I find the form 990 for The University Of Mount Olive Foundation?
The University Of Mount Olive Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.umo.edu
Learn more at the official website: www.umo.edu
Mission Statement of The University Of Mount Olive Foundation
The University of Mount Olive Foundation's mission is centered around seeking alternative sources of support to bolster the university's outreach to students and the community at large. This nonprofit organization aims to reinforce the University of Mount Olive Inc.'s exempt purpose by utilizing certain real estate. By doing so, it contributes to the betterment of the community and the students who are a part of this educational institution.
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Impact
October, 2024
The University of Mount Olive Foundation plays a crucial role in enhancing the educational experience and outreach of the University of Mount Olive. By holding and managing real estate used by the university, the foundation provides essential support that allows the institution to fulfill its mission of serving students and the broader community in Mount Olive, NC.
With a focus on seeking alternative sources of support, the foundation actively strengthens the university's engagement and connection to its students and local residents. This commitment not only bolsters educational opportunities but also fosters a sense of community and collaboration. Through its initiatives, the foundation ensures that resources are available for programs, facilities, and outreach efforts that enhance the overall educational environment, making a significant impact on the lives of students and the community at large.
This information is meant to be a general summary of The University Of Mount Olive Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $244
- Program Service Revenue: $948,660
- Gross Receipts: $948,904
Assets and Liabilities:
- Total Assets: $9,147,004
- Total Liabilities: $12,356,261
- Net Assets: -$3,209,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL-PROGRAM REVENUE
Revenue
$948,660
Organization Details
Founding Year
2003
Principal Officer
Kenneth Buchanan
Website
www.umo.eduNTEE Category
Code: B11 - Education
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