Overview
What is Olivet College?
Olivet College is a nonprofit institution based in Olivet, Michigan. They provide financial assistance in various forms to help students afford their undergraduate education. With 831 students benefited, Olivet College is dedicated to delivering a liberal arts education. Their unique approach combines real-world experiences, lectures, and service learning, ensuring a well-rounded education. The institution employs a team of 505 individuals, working together to make higher education more accessible.
Official website here: www.olivetcollege.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating from Charity Navigator.
Olivet College has shown a strong commitment to accountability and financial management, reflected in its high score of 88 in this area. The organization boasts an independent board with all members meeting the criteria for independence, ensuring impartiality in governance. Financial oversight appears robust, with no reported material diversion of assets and a high program expense ratio of 89.08%, indicating that a significant portion of funds is directed toward its mission-driven activities.
In terms of culture and community, Olivet College scores a perfect 100, indicating exceptional practices in feedback collection and usage. This suggests that the organization values input from stakeholders and actively incorporates it into their operations. Such engagement is crucial in fostering a community-oriented environment and enhancing organizational effectiveness.
However, it is worth noting that the college lacks a whistleblower policy and has missing documentation regarding retention and destruction protocols, which could be areas for improvement. Overall, the combination of strong financial practices and community engagement highlights Olivet College as a reliable and effective nonprofit institution, though addressing its documented policy gaps would enhance its accountability further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Olivet College?
88% of 326 reviewers on Facebook recommend Olivet College. Here’s a summary of their reviews:
Visitors to the college highlight a warm and respectful atmosphere, emphasizing the supportive community among students and faculty. Many appreciate the focus on academics alongside the commitment to charity work, which reflects the institution's values. The guarantee of internships for students is seen as a significant advantage, aiding future job prospects. Furthermore, the four-year graduation guarantee stands out, especially in light of longer average college completion times.
The physical campus receives praise for its historical charm and well-maintained buildings, notably with modern touches inside. Reviewers find the newer athletic facilities impressive for a small college, and the overall sports programs, particularly football, are likened to those at larger universities. Small class sizes facilitate personalized attention from professors, enhancing the educational experience, and specific staff members, like those in admissions and athletics, receive special commendations for their professionalism and approachability.
This AI summary has been generated from reviews found on Facebook.
Is Olivet College legitimate?
Olivet College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olivet College 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: $1,553,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,847,500
For more financial information, click here
Official website here: www.olivetcollege.edu
What is the mission statement of Olivet College?
Olivet College is dedicated to providing a unique liberal arts education for its students. This education goes beyond the classroom, allowing students to engage in both curricular and co-curricular programs that blend real-world experiences with lectures and service learning. The institution is committed to helping individuals finance their undergraduate education, as evidenced by the provision of various forms of financial aid, which benefited 831 students.
Official website here: www.olivetcollege.edu
Who is the CEO of Olivet College?
Mark Deruiter is the President of Olivet College.
Official website here: www.olivetcollege.edu
What is the revenue of Olivet College?
Olivet College's revenue in 2022 was $41,045,976.
Official website here: www.olivetcollege.edu
Who are the executives of Olivet College and what are their salaries?
The average compensation at Olivet College during 2022 was $20,596. There are 505 employees and 29 volunteers at Olivet College.
Here are 32 key members and their salaries:
- Compensation: $431,221
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- Other: $46,007
- Compensation: $137,764
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- Compensation: $133,276
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- Other: $5,538
- Compensation: $122,548
- Related: $0
- Other: $5,238
- Compensation: $101,429
- Related: $0
- Other: $20,746
- Compensation: $66,311
- Related: $0
- Other: $2,165
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Official website here: www.olivetcollege.edu
Where can I find the form 990 for Olivet College?
Olivet College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olivetcollege.edu
Learn more at the official website: www.olivetcollege.edu
Mission Statement of Olivet College
Olivet College, a nonprofit institution, is dedicated to providing a distinctive liberal arts education. This mission enables students to participate in a well-rounded academic experience, integrating both curricular and co-curricular programs. Real-world experiences, lectures, and service learning are combined, fostering a comprehensive education that goes beyond the classroom.
To facilitate access to higher education, Olivet College offers financial aid in various forms. These resources assist individuals in financing their undergraduate education. As a result, the institution has successfully benefited 831 students. The financial aid program plays a crucial role in making education more accessible and affordable for a diverse student body.
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Impact
October, 2024
Olivet College plays a significant role in the community by providing a unique liberal arts education that emphasizes both academic and experiential learning. By offering a diverse range of curricular and co-curricular programs, the college enables students to engage actively with their education, blending real-world experiences with theoretical knowledge.
The college's commitment to financial aid has made a substantial impact; in the past year alone, 831 students received assistance, allowing them to pursue their undergraduate education without being hindered by financial barriers. This support not only enhances the educational opportunities for individuals but also fosters a more educated workforce in the region.
By prioritizing a holistic educational experience that includes service learning and community engagement, Olivet College cultivates informed and responsible citizens who are prepared to contribute positively to society. Its mission to empower students through a comprehensive liberal arts education echoes throughout the Olivet community and beyond, shaping leaders and innovators for the future.
This information is meant to be a general summary of Olivet College. 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 2022.
- Investment Income: $1,465,647
- Program Service Revenue: $31,504,193
- Gross Receipts: $48,685,179
Assets and Liabilities:
- Total Assets: $55,278,439
- Total Liabilities: $11,015,775
- Net Assets: $44,262,664
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$24,411,582
AUXILLARY REVENUE
Revenue
$6,206,649
ACTIVITIES REVENUE
Revenue
$505,845
MISCELLENOUS PROGRAM REVENUE
Revenue
$380,117
Organization Details
Founding Year
1920
Phone
(269) 749-7000Principal Officer
Mark Deruiter
Main Address
320 SOUTH MAIN STREET, OLIVET, MI, 49076
Website
www.olivetcollege.eduNTEE Category
Code: B420 - Education
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