The University Of Mount Olive Foundaiton
University Of Mount Olive Foundation shows declining assets and consistent liabilities exceeding assets over the past decade.
EIN: 200371529 · Mount Olive, NC · NTEE: B11 · Updated: 2026-03-28
Is The University Of Mount Olive Foundaiton Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The University Of Mount Olive Foundaiton directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The University Of Mount Olive Foundaiton
The University Of Mount Olive Foundaiton (EIN: 200371529) is a nonprofit organization based in Mount Olive, NC, classified under NTEE code B11. The organization reported total revenue of $952K and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The University Of Mount Olive Foundaiton's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The University Of Mount Olive Foundaiton is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $949K |
| Total Expenses | $895K |
| Surplus / Deficit | +$54K |
| Total Assets | $8.8M |
| Total Liabilities | $11.9M |
| Net Assets | $-3,155,569 |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 135.9% |
| Months of Reserves | 117.9 months |
Financial Health Grade: A
In 2023, The University Of Mount Olive Foundaiton reported a surplus of $54K with revenue exceeding expenses, holds 117.9 months of operating reserves (strong position), has a debt-to-asset ratio of 135.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The University Of Mount Olive Foundaiton's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | -1.5% | -3.9% |
| 2022 | +496760.1% | -1.6% | -2.0% |
| 2021 | -100.0% | -1.6% | -11.6% |
| 2020 | -17.8% | -2.9% | -3.1% |
| 2019 | +1.7% | -3.1% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The University Of Mount Olive Foundaiton with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The University Of Mount Olive Foundaiton allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 135.9%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, suggesting that executive salaries are either absorbed by the parent university or are not a significant direct expense for the foundation, which is a positive for spending efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The University Of Mount Olive Foundaiton's IRS 990 filings:
- Consistent liabilities exceeding assets (e.g., $11.9M liabilities vs. $8.7M assets in 2023).
- Persistent operating deficits in most years, leading to asset decline.
- Drastic revenue drop in 2021 to $193, which is highly unusual and unexplained by the provided data.
- Long-term trend of declining assets from $12.95M in 2014 to $8.79M in 2023.
Strengths
The following positive indicators were identified for The University Of Mount Olive Foundaiton:
- No reported officer compensation, indicating efficient use of funds for executive salaries.
- Maintains substantial assets ($8.79 million in 2023) despite recent declines, providing a base for operations.
- Likely strong program focus given its role as a university foundation, though specific program spending details are not provided in the summary.
Frequently Asked Questions about The University Of Mount Olive Foundaiton
Is The University Of Mount Olive Foundaiton a legitimate charity?
Based on AI analysis of IRS 990 filings, The University Of Mount Olive Foundaiton (EIN: 200371529) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does The University Of Mount Olive Foundaiton spend its money?
The University Of Mount Olive Foundaiton directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The University Of Mount Olive Foundaiton tax-deductible?
The University Of Mount Olive Foundaiton is registered as a tax-exempt nonprofit (EIN: 200371529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific relationship between the Foundation and The University of Mount Olive?
The NTEE code B11 indicates it is a College or University Related Foundation, suggesting its primary purpose is to support the university. Further details would require reviewing the organization's mission statement and program service accomplishments in its full 990 filings.
Why have liabilities consistently exceeded assets for several years?
This is a significant financial concern. For example, in 2023, assets were $8,792,705 while liabilities were $11,948,274. This could indicate significant debt, long-term obligations, or specific accounting treatments related to its role as a supporting organization. A deeper dive into the balance sheet would be necessary.
What caused the drastic revenue drop in 2021 to just $193?
The revenue plummeted from $729,401 in 2020 to $193 in 2021, while expenses remained high at $923,960. This anomaly requires investigation to understand if it was a reporting error, a one-time event, or a fundamental shift in funding.
How does the foundation manage its investment portfolio given the asset decline?
With assets declining from over $12 million in 2014 to $8.79 million in 2023, understanding the investment strategy and performance is crucial, especially if the foundation relies on endowment returns to support the university.
Filing History
IRS 990 filing history for The University Of Mount Olive Foundaiton showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The University Of Mount Olive Foundaiton's revenue has grown by 7.9%, moving from $880K to $949K. Total assets decreased by 38.1% over the same period, from $14.2M to $8.8M. Total functional expenses fell by 20.8%, from $1.1M to $895K. In its most recent filing year (2023), The University Of Mount Olive Foundaiton reported a surplus of $54K, with revenue exceeding expenses. The organization holds $11.9M in liabilities against $8.8M in assets (debt-to-asset ratio: 135.9%), resulting in net assets of $-3,155,569.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $949K | $895K | $8.8M | $11.9M | — | View 990 |
| 2022 | $959K | $909K | $9.1M | $12.4M | — | View 990 |
| 2021 | $193 | $924K | $9.3M | $12.6M | — | — |
| 2020 | $729K | $939K | $10.6M | $12.9M | — | View 990 |
| 2019 | $887K | $968K | $10.9M | $13.0M | — | View 990 |
| 2018 | $873K | $999K | $11.3M | $13.4M | — | View 990 |
| 2017 | $872K | $1.0M | $11.7M | $13.6M | — | View 990 |
| 2016 | $872K | $1.1M | $12.1M | $13.9M | — | View 990 |
| 2015 | $873K | $1.1M | $12.6M | $14.1M | — | View 990 |
| 2014 | $871K | $1.1M | $13.0M | $14.3M | — | View 990 |
| 2013 | $891K | $1.1M | $13.4M | $14.5M | — | View 990 |
| 2012 | $1.5M | $1.1M | $13.9M | $14.8M | — | View 990 |
| 2011 | $880K | $1.1M | $14.2M | $15.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $949K, expenses of $895K, and assets of $8.8M (revenue -1.0% year-over-year).
- 2022: Revenue of $959K, expenses of $909K, and assets of $9.1M (revenue +496760.1% year-over-year).
- 2021: Revenue of $193, expenses of $924K, and assets of $9.3M (revenue -100.0% year-over-year).
- 2020: Revenue of $729K, expenses of $939K, and assets of $10.6M (revenue -17.8% year-over-year).
- 2019: Revenue of $887K, expenses of $968K, and assets of $10.9M (revenue +1.7% year-over-year).
- 2018: Revenue of $873K, expenses of $999K, and assets of $11.3M (revenue +0.1% year-over-year).
- 2017: Revenue of $872K, expenses of $1.0M, and assets of $11.7M (revenue +0.0% year-over-year).
- 2016: Revenue of $872K, expenses of $1.1M, and assets of $12.1M (revenue -0.2% year-over-year).
- 2015: Revenue of $873K, expenses of $1.1M, and assets of $12.6M (revenue +0.2% year-over-year).
- 2014: Revenue of $871K, expenses of $1.1M, and assets of $13.0M (revenue -2.2% year-over-year).
- 2013: Revenue of $891K, expenses of $1.1M, and assets of $13.4M (revenue -40.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.1M, and assets of $13.9M (revenue +69.4% year-over-year).
- 2011: Revenue of $880K, expenses of $1.1M, and assets of $14.2M.
Data Sources and Methodology
This transparency report for The University Of Mount Olive Foundaiton is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.