Overview
What is University Of Mount Olive Inc?
University of Mount Olive Inc is a private higher education institution based in Mount Olive, North Carolina. Rooted in the liberal arts tradition, this Christian faith-based organization has a mission to serve its students, founding church, and communities. Approximately 5,000 students are educated at this values-centered institution, which offers various related services, auxiliary enterprises, and amenities such as plant operations, food services, athletics, and student housing. The institution employs a total workforce of 715 individuals.
Official website here: www.umo.edu
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that University Of Mount Olive Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. The high score is derived entirely from a single beacon score, evidencing the organization’s commitment to financial integrity and transparency.
The nonprofit boasts a fully independent board, with 29 board members, showcasing effective governance and diverse oversight. It demonstrates robust financial oversight through its Audit and Oversight Committee and maintains a low liabilities-to-assets ratio, illustrating sound financial health. The organization has established comprehensive policies regarding conflicts of interest and whistleblowing, further enhancing its accountability.
While no specific limitations are noted, the focus on financial metrics means that qualitative aspects of the organization’s programming and impact may not be reflected in this rating. Overall, the University Of Mount Olive Inc presents itself as a financially responsible and well-governed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Mount Olive Inc legitimate?
University Of Mount Olive Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Mount Olive Inc 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: $1,814,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,066,200
For more financial information, click here
Official website here: www.umo.edu
What is the mission statement of University Of Mount Olive Inc?
University of Mount Olive Inc is a private higher education institution grounded in the liberal arts tradition and influenced by Christian faith and values. The institution is dedicated to serving its students, the founding church, and the communities. With a student population of approximately 5,000, the university provides education and related services, while managing auxiliary enterprises, plant operations, food services, athletics, and student housing.
Official website here: www.umo.edu
What is the revenue of University Of Mount Olive Inc?
University Of Mount Olive Inc's revenue in 2024 was $50,616,977.
Official website here: www.umo.edu
Who are the executives of University Of Mount Olive Inc and what are their salaries?
The average compensation at University Of Mount Olive Inc during 2024 was $22,894. There are 650 employees and 235 volunteers at University Of Mount Olive Inc.
Here are 35 key members and their salaries:
- Compensation: $375,357
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- Other: $2,049
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- Compensation: $144,488
- Related: $0
- Other: $26,356
- Compensation: $143,201
- Related: $0
- Other: $8,386
- Compensation: $107,698
- Related: $0
- Other: $23,227
- Compensation: $107,850
- Related: $0
- Other: $22,507
- Compensation: $50,148
- Related: $0
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Official website here: www.umo.edu
Where can I find the form 990 for University Of Mount Olive Inc?
University Of Mount Olive Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.umo.edu
Learn more at the official website: www.umo.edu
Mission Statement of University Of Mount Olive Inc
University of Mount Olive, Inc. is a Christian faith-based, values-centered private institution dedicated to serving its students, founding church, and communities. Rooted in the liberal arts tradition, this institution goes beyond imparting academic knowledge to its approximately 5,000 students. Instead, it focuses on nurturing their spiritual growth and character development.
The University of Mount Olive team is committed to providing quality student education and related services that foster intellectual curiosity, moral integrity, and community engagement. The institution's strong Christian ethos permeates its day-to-day operations, creating an inclusive and supportive learning environment. In this setting, students grow not only as scholars but also as individuals who embody the values of compassion, respect, and responsibility.
United by its mission, University of Mount Olive operates various auxiliary enterprises, manages a plant, provides food services, oversees athletics, and offers student housing. These diverse offerings extend beyond the classroom, enriching students' college experience and preparing them for life after graduation. By remaining rooted in its core values and liberal arts tradition, University of Mount Olive continues to make a positive impact on the lives of its students and the broader community.
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Impact
October, 2024
The University of Mount Olive Inc plays a significant role in shaping the educational landscape in North Carolina. As a values-centered institution rooted in the liberal arts tradition, it fosters a holistic learning environment for approximately 5,000 students. The university's commitment to Christian faith and values informs its approach to education, providing students with a framework that emphasizes personal growth, ethical understanding, and community engagement.
By offering a diverse range of educational programs and services, the University of Mount Olive cultivates a well-rounded academic experience. Its auxiliary enterprises enhance the student experience, providing essential services like food, housing, and athletics, which contribute to a vibrant campus life. Additionally, the university's connection with its founding church and commitment to serving local communities highlight its focus on outreach and support beyond the campus.
The impact of the University of Mount Olive extends to the local community by creating educational opportunities, fostering leadership, and encouraging civic responsibility among its students. Through its mission, the institution not only educates but also empowers individuals to make meaningful contributions to society, exemplifying the integration of academic excellence with a commitment to faith and values.
This information is meant to be a general summary of University Of Mount Olive Inc. 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 2024.
- Investment Income: $1,491,060
- Program Service Revenue: $43,362,177
- Gross Receipts: $59,941,097
Assets and Liabilities:
- Total Assets: $83,720,864
- Total Liabilities: $18,182,394
- Net Assets: $65,538,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION AND FEES
Revenue
$36,003,712
AUXILIARY ENTERPRISES
Revenue
$6,554,837
OTHER PROGRAM INCOME
Revenue
$666,321
FLIGHT SCHOOL
Revenue
$137,307
Organization Details
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