Mount Olivet Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 54-6073008)

Revenue by fiscal year
FY2020	$91K
FY2021	$87K
FY2022	$1K
FY2023	$17K
FY2024	$48K

Expenses by fiscal year
FY2020	$36K
FY2021	$34K
FY2022	$48K
FY2023	$54K
FY2024	$65K

Net assets by fiscal year
FY2020	$1.6M
FY2021	$1.8M
FY2022	$1.5M
FY2023	$1.7M
FY2024	$1.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $52K Management & general 4% · $2K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation

Cheryl Moore

President

$0Pt VII · Sec A

Lucinda Maine

Development Chair

$0Pt VII · Sec A

Cynthia Nelson

Loans Co-Chair

$0Pt VII · Sec A

Elizabeth Wray

Loans Co-Chair

$0Pt VII · Sec A

Steven Meek

Controller

$0Pt VII · Sec A

Charlie Mullin

Investments Chair

$0Pt VII · Sec A

Rick Ritter

Treasurer

$0Pt VII · Sec A

Wayne Witting

Assistant Treasurer

$0Pt VII · Sec A

See Mount Olivet Foundation executive salaries →

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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

Provides grants and loans to students and community groups, managing financial resources responsibly.

Provided by the organization

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2 programs · $52K · in their own filed words · FY2023

01

During 2023 the Foundation made educational grants ranging from $800 to $5,000 to 18 different students.

$37Kprogram expense

02

During 2023 the Foundation provided grants ranging from $1,00 to $5,000 to five community organizations that provide services preschool and low-income individuals.

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2021

Fidelity Investments Charitable Gift FundFY2021$25K

Total grants receivedfrom 1 funder$25K

Grants paid · 5 grants · $158K · 2020–2024

Unitemized GrantFY2024$40,088

Unitemized GrantFY2023$36,520

Unitemized GrantFY2022$32,500

Unitemized GrantFY2021$23,100

Unitemized GrantFY2020$26,000

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$17K

Ln 12

Gifts and grantsLn 1h$17K

Fees for servicesLn 2g$150

Money outPt IX

$54K

Ln 25

Programscol B$52K

Managementcol C$2K

Owns and owesPt X

$1.7M

net assets · Ln 32

Cash and savingsLn 1–2$24K

Total assetsLn 16$1.7M

LiabilitiesLn 26$0

PeoplePt VI, VII

21

listed · VII A

PaidVII A0

Voting boardVI 1a21

IndependentVI 1b21

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$17K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$150

Total revenueLn 12$17K

Assets in detailPt X, end of year

CashLn 1$24K

Cash and savings togetherLn 1–2$24K

InvestmentsLn 11–13$1.4M

Total assetsLn 16$1.7M

LiabilitiesLn 26$0

Net assetsLn 32$1.7M

OperationsPt I, VI

EmployeesI 50

VolunteersI 622

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$23K	$24K
InvestmentsLn 11–13	$1.2M	$1.4M
Total assetsLn 16	$1.5M	$1.7M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.5M	$1.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$15K	$15K
Grants to domestic individualsLn 2	$37K	$37K
Accounting feesLn 11c	$1K		$1K
Information technologyLn 14	$835		$835
Total functional expensesLn 25	$54K	$52K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$48K	$65K	−$17K	$1.9M	990 PDF
FY2023 Viewing	$17K	$54K	−$37K	$1.7M	990 PDF
FY2022	$1K	$48K	−$46K	$1.5M	990 PDF
FY2021	$87K	$34K	$53K	$1.8M	990 PDF
FY2020	$91K	$36K	$55K	$1.6M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2023 990 (6 parts)

Part I · Summary $16,682 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,292$16,532

I-9 Program service revenuePrior year $75$150

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,367$16,682

I-13 Grants and similar amounts paidPrior year $45,500$51,520

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,193$2,035

I-18 Total expensesPrior year $47,693$53,555

I-19 Revenue less expensesPrior year −$46,326−$36,873

Part VI · Governance 21 of 21 board members independent, 2 to look at

VI-1a Voting members of the governing body21

VI-1b Independent voting members21

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $16,682 across 10 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$16,532

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$16,532

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $150 · Unrelated business $0 · Excluded from tax $0$150

VIII-12 Total revenueRelated to mission $150 · Unrelated business $0 · Excluded from tax $0$16,682

Part IX · Statement of functional expenses $53,555 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $15,000$15,000

IX-2 Grants to domestic individualsPrograms $36,520$36,520

IX-11c Accounting feesManagement $1,200$1,200

IX-14 Information technologyManagement $835$835

IX-25 Total functional expensesPrograms $51,520 · Management $2,035 · Fundraising $0$53,555

Part X · Balance sheet $1,704,594 assets, 6 lines filed

Asset lines not itemized here account for $278,178; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $23,428$24,345

X-11 Publicly traded securitiesStart of year $1,184,038$1,402,071

X-16 Total assetsStart of year $1,523,433$1,704,594

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $1,523,433$1,704,594

X-33 Total liabilities and net assetsStart of year $1,523,433$1,704,594

Part XI · Reconciliation of net assets $1,704,594 net assets at year end

XI-1 Total revenue$16,682

XI-2 Total expenses$53,555

XI-3 Revenue less expenses−$36,873

XI-4 Net assets at start of year$1,523,433

XI-5 Net unrealized gains (losses) on investments$218,034

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,704,594

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mount Olivet Foundation FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV