2025-06-02T15:33:38-07:00 2024-12-31 990 2024-01-01 546073008 MOUNT OLIVET FOUNDATION MOUN 1500 N Glebe Rd Arlington VA 22207 Steven Meek Controller 5714253833 2025-05-15 1 2024 2025-03-06 01:10:19Z Janet Oak 1500 N Glebe Road Arlington VA 22207 47669 0 X www.mountolivetfoundation.org X 1967 VA The Foundation makes grants and interest-free loans to post-secondary students and supports community organizations with grants for specific purposes. The Foundation provides stewardship of the financial resources entrusted to it. 20 20 0 20 0 0 16532 47594 150 75 0 0 0 0 16682 47669 51520 58388 0 0 0 0 0 0 0 2035 6180 53555 64568 -36873 -16899 1704594 1867176 0 0 1704594 1867176 Providing grants and interest-free loans to post-secondary students and grants to community organizations that demonstrate financial need. 0 0 44088 44088 0 During 2024 the Foundation made educational grants ranging from $500 to $5,000 to 20 different students. 14300 14300 0 During 2024 the Foundation provided grants ranging from $1,400 to $2,500 to eight community organizations that provide services preschool and low-income individuals. 0 0 0 58388 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 X Janet Oak 7032379481 Mount Olivet Foundation 1500 N Glebe Rd Arlington VA 22207 X Cheryl Moore President 3 0 X X 0 0 0 Lucinda Maine Development Chair 2 0 X X 0 0 0 Cynthia Nelson Loans Co-Chair 2 0 X 0 0 0 Elizabeth Wray Loans Co-Chair 2 0 X 0 0 0 Steven Meek Controller 2 0 X X 0 0 0 Charlie Mullin Investments Chair 1 0 X X 0 0 0 Rick Ritter Treasurer 1 0 X X 0 0 0 Wayne Witting Assistant Treasurer 1 0 X X 0 0 0 Kathie Bailey Grants Chair 1 0 X 0 0 0 Laura Jensen Member 1 0 X 0 0 0 Rachel Hensler Member 1 0 X 0 0 0 Jim Dake Member 1 0 X 0 0 0 Martha Foster Member 1 0 X 0 0 0 Susan Leland Secretary 1 0 X X 0 0 0 Victoria Metz Member 1 0 X 0 0 0 Janet Oak Vice President 1 0 X X 0 0 0 Kim Roehl Member 1 0 X 0 0 0 Michelle Banks Member 1 0 X 0 0 0 Jane Hanson Member 1 0 X 0 0 0 Matt Voigt Member 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 47594 0 47594 Lending - Service Fee 522291 75 75 0 0 0 0 0 0 75 0 0 0 0 0 0 47669 75 0 0 14300 14300 44088 44088 0 1200 1200 1900 1900 3080 3080 64568 58388 6180 0 24345 31426 278178 254196 1402071 1581554 1704594 1867176 0 0 X 0 0 0 0 1704594 1867176 1704594 1867176 1704594 1867176 -16899 179481 0 0 0 0 X 0 0 0 X 91044 86663 1292 16532 47594 243125 91044 86663 1292 16532 47594 243125 171293 71832 0 0 0 243125 0.29545 0.30889 X The Foundation does not engage in extensive fundraising activities, but it has a continuing program to remind the affiliate church's members and other interested parties of the opportunities to assist low-income students and community organizations through financial contributions. Donations to the Foundation are typically in the range of $50 to $500, with the occasional gift or bequest of $10,000 or more. The fluctuating levels of contributions and the relatively large portion of restricted principal funds means that investment income usually represents a substantial portion of the funds available for grants and loans. Investment income and contributions are subject to considerable fluctuations from year to year depending on the economic climate and securities markets as well as the generosity of donors. Consequently, calculated "public support" is often less than 33.3% of total support. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Grants to educational institutions for students 20 40088 Schedule I, Part I, Line 2 The Grants Committee of the Foundation reviews all grant applications using established criteria most recently updated in 2012. Grants to non-profit organizations are awarded based on requests for specific projects that support underserved and low-income populations in local communities. Grants to individuals are awarded based upon criteria which include review of financial need with preference given to applicants with ties to Mount Olivet United Methodist Church in Arlington, Virginia, or the Methodist community. For educational grants, checks are made payable to the recipient's accredited educational institution. Samantha Townsend Granddaughter of Board Member 2000 Grant Educational grant Ariyah Culbreath Granddaughter of Board Member 3000 Grant Educational grant Ariyah Cullbreath Granddaughter of Board Member 5000 Loan Educational loan Robert Bauer Spouse of Board Member 2500 Grant Organizational grant Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Form 990, Part VI, Section B, Line 11b - The Form 990 is reviewed by the Foundation's president and controller prior to submission. Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - Form 990, Part VI, Section B, Line 12c - In accordance with the board's conflict of interest policy, a board member with a conflict of interest related to a matter requiring a board vote must state the need to recuse himself/herself from the discussion and vote on the matter and must leave the meeting room. The secretary records the board member's recusal in the meeting minutes. Form 990, Part VI, Section C, Line 19 Part VI C 19. Governing documents and financial statements are available to the public upon request. Copies may the obtained by writing to Mount Olivet Foundation, 1500 N Glebe Rd, Arlington, VA 22207.