Is it real?
Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Feb 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $104K paid to officers and key staff.
Marian Spisak’s $54K as Chairman is at the 2nd percentile of top reported officer pay among 224 $10–100M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2023 | FY2023 | FY2021 |
|---|---|---|---|
| Marian Spisak | $53,942 | $50,000 | $54,000 |
| Chunmei Fu | $30,000 | $25,000 | — |
| David Chang | $19,600 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Unites churches for religious purposes and community outreach.
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Global Church Planting and Mission Support During the fiscal year, World Olivet Assembly expanded its support of churches, mission centers, and ministry organizations throughout Asia, Europe, Africa, the Caribbean, and South America.
International Ministry Partnerships and Community Development World Olivet Assembly provided grants and program support to affiliated organizations engaged in community outreach, humanitarian service, family ministries, youth programs, and Christian education.
Leadership Development, Education, and Training Initiatives The organization continued to invest in leadership training, educational programs, and ministry development initiatives designed to equip current and future Christian leaders.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $1.6M |
| Land, buildings, equipmentLn 10c | $72.2M | $71.8M |
| Total assetsLn 16 | $90.1M | $89.8M |
| LiabilitiesLn 26 | $44.3M | $42.3M |
| Net assetsLn 32 | $45.8M | $47.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $477K | $477K | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $2.0M | $2.0M | ||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $104K | $104K | ||
| Pay of disqualified personsLn 6 | $699K | $458K | $161K | $80K |
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $62K | $43K | $12K | $6K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $535K | $535K | ||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $1.2M | $857K | $319K | |
| Advertising and promotionLn 12 | $302K | $302K | ||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $77K | $54K | $19K | $4K |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $142K | $99K | $28K | $14K |
| Conferences, conventions and meetingsLn 19 | $1.0M | $1.0M | ||
| InterestLn 20 | $2.4M | $1.7M | $722K | |
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $1.6M | $994K | $415K | $142K |
| InsuranceLn 23 | $291K | $291K | ||
| Other expenses (24a–d)Ln 24 | $1.0M | $383K | $596K | $58K |
| All other expensesLn 24e | $398K | $43K | $352K | $2K |
| Total functional expensesLn 25 | $12.3M | $8.3M | $3.8M | $307K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 | $17.2M | $14.5M | $2.7M | $49.5M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 | $19.9M | $14.4M | $5.5M | $44.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $14,012,190 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $14,012,190 across 6 lines filed
Part IX · Statement of functional expenses $12,324,373 across 30 lines filed
Part X · Balance sheet $89,795,059 assets, 14 lines filed
Part XI · Reconciliation of net assets $47,479,541 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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