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University Of Mount Olive Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560623936 ✦ Mount olive, NC ✦ Designated as a 501(c)(3)

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

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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,241,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,609,413

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

Who is the CEO of University Of Mount Olive Inc?

Edward Croom is the Principal Officer of University Of Mount Olive Inc.


Official website here: www.umo.edu

What is the revenue of University Of Mount Olive Inc?

University Of Mount Olive Inc's revenue in 2022 was $62,113,692.


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 2022 was $22,169. There are 715 employees and 235 volunteers at University Of Mount Olive Inc.

Here are 38 key members and their salaries:

    Dr Edward Croom (President)
  • Compensation: $258,956
  • Related: $0
  • Other: $29,285

    • Kathy Best (Dean - Tillman School Of Busin)
  • Compensation: $136,051
  • Related: $0
  • Other: $43,846

    • Kenneth Hines (Chair - Dept Of Christian Stud)
  • Compensation: $131,863
  • Related: $0
  • Other: $31,465

    • Jason Gipe (Vp - Advancement)
  • Compensation: $130,987
  • Related: $0
  • Other: $26,367

    • W Dan Sullivan (Vp Student Affairs)
  • Compensation: $132,096
  • Related: $0
  • Other: $23,876

    • Elizabeth Carrere (Executive Vice President)
  • Compensation: $126,969
  • Related: $0
  • Other: $24,273

    • Kenneth Buchanan (Cfo/Svp Business & Finance)
  • Compensation: $68,363
  • Related: $0
  • Other: $13,175

    • Anne Hamm (Exec Asst To The Pres/Secretar)
  • Compensation: $50,987
  • Related: $0
  • Other: $10,419

    • Wesley Beddard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Boyette (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Braxton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula Coates (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Drummond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Albert Elrod (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin Forrest (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Futrelle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christine Greene (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Herman Grubbs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Hawkins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sylvia Herring (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronnie Hobgood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clifton Horne (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Borden Howell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Jernigan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gene Jernigan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bobby Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lloyd Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donnie Lassiter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerilyn Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Mcpherson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emmett Pope (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Quinn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence Rouse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Sutter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Wilkerson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Earl Worley (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Kornegay (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.umo.edu

    Where can I find the form 990 for University Of Mount Olive Inc?

    The University Of Mount Olive Inc’s most recent form 990 was submitted in 2022 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.

    Impact

    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.




    Thursday, August 15, 2024

    University Of Mount Olive Inc's impact lies in providing approximately 5,000 students with a Christian faith-based, values-centered private higher education rooted in the liberal arts tradition. Through offering student education and related services, as well as operating auxiliary enterprises such as plant operations, food services, athletics, and student housing, the institution plays a significant role in shaping the academic and personal development of its students. Additionally, the University of Mount Olive, Inc. serves its founding church and communities, further extending its impact beyond the campus boundaries.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,708,222
  • Program Service Revenue: $38,784,404
  • Gross Receipts: $72,292,415

    • Assets and Liabilities:
  • Total Assets: $83,720,864
  • Total Liabilities: $18,182,394
  • Net Assets: $65,538,470
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDENT TUITION AND FEES

    Revenue

    $33,118,296

    AUXILIARY ENTERPRISES

    Revenue

    $5,249,467

    OTHER PROGRAM INCOME

    Revenue

    $238,855

    FLIGHT SCHOOL

    Revenue

    $177,786

    Organization Details

    Founding Year

    1951

    Principal Officer

    Edward Croom

    Main Address

    634 HENDERSON STREET, MOUNT OLIVE, NC, 28365

    NTEE Category

    Code: B42 - Education

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