Nonprofit · EIN 20-0371529
THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON
Tax-exempt · MOUNT OLIVE, NC 28365
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $979,790 | $862,371 | $117,419 | $8,282,110 | $11,246,251 | -$2,964,141 |
| June 30, 2024 | 990 | $951,572 | $877,563 | $74,009 | $8,523,343 | $11,604,903 | -$3,081,560 |
| June 30, 2023 | 990 | $948,904 | $895,216 | $53,688 | $8,792,705 | $11,948,274 | -$3,155,569 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $948,660
- Investment income
- $31,130
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $361,518
- Program services (functional)
- $862,371
Balance sheet and other
- Total assets, start of year
- $8,523,343
- Total assets, end of year
- $8,282,110
- Total liabilities, end of year
- $11,246,251
- Net assets, end of year
- -$2,964,141
- Land, buildings and equipment
- $7,673,756
- Net assets without donor restrictions
- -$2,964,141
- Gross receipts
- $979,790
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2003
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR EDWARD CROOM | BOARD MEMBER Trustee or director | 1 | $0 | $350,004 | $0 |
| KENNETH BUCHANAN | ASSISTANT TREASURER Officer | 1 | $0 | $191,789 | $44,887 |
| TWYLA WELLS | PRESIDENT Trustee or director, Officer | 1 | $0 | $126,194 | $952 |
| ANNE HAMM | SECRETARY Trustee or director, Officer | 1 | $0 | $49,643 | $0 |
| DEAN ROUSE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| I RAY MCDONALD JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM H BRYAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILLY KORNEGAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR J WILLIAM BYRD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ED CROMARTIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREY MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| OLIVIA B HOLDING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROGER B DAVIS SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WINSLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE KORNEGAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOWNSEND QUINN | BOARD MEMBER Trustee or director | 1 | $0 |
| WENDY CRUMPLER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR EDWARD CROOM | BOARD MEMBER Trustee or director | 1 | $0 | $375,357 | $2,049 |
| KENNETH BUCHANAN | ASSISTANT TREASURER Officer | 1 | $0 | $177,107 | $42,037 |
| ANNE HAMM | SECRETARY Trustee or director, Officer | 1 | $0 | $50,148 | $10,869 |
| TWYLA WELLS | PRESIDENT Trustee or director, Officer | 1 | $0 | $55,487 | $110 |
| I RAY MCDONALD JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM H BRYAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DEAN ROUSE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR J WILLIAM BYRD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ED CROMARTIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WENDY CRUMPLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROGER B DAVIS SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| OLIVIA B HOLDING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILLY KORNEGAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE KORNEGAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREY MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TOWNSEND QUINN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES E WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WINSLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EARL WORLEY JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| H EDWARD CROOM | BOARD MEMBER Trustee or director | 1 | $0 | $254,150 | $33,134 |
| KENNETH BUCHANAN | ASSISTANT TREASURER Officer | 1 | $0 | $159,211 | $38,166 |
| I RAY MCDONALD JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM H BRYAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DEAN ROUSE | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR J WILLIAM BYRD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ED CROMARTIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WENDY CRUMPLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROGER B DAVIS SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| OLIVIA B HOLDING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BILLY KORNEGAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE KORNEGAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREY MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TOWNSEND QUINN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES E WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT WINSLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EARL WORLEY JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 634 HENDERSON ST, MOUNT OLIVE, NC 28365-1263
- In care of
- % JAY REBMAN
- Principal officer (990 for 2024)
- KENNETH BUCHANAN, 634 HENDERSON STREET, MOUNT OLIVE, NC 283651263
- Signed the 990
- KENNETH BUCHANAN, CFO/SVP FOR FINANCE
- Phone
- (919) 658-2502
- Website
- WWW.UMO.EDU/SUPPORT-UMO
- Return prepared by
- BDO USA
Mission
THE PURPOSE OF THIS NONPROFIT FOUNDATION IS TO SEEK ALTERNATIVE SOURCES OF SUPPORT TO STRENGTHEN THE UNIVERSITY OF MOUNT OLIVE'S OUTREACH TO STUDENTS AND THE COMMUNITY.
Program accomplishments
- HOLD CERTAIN REAL ESTATE USED BY THE UNIVERSITY OF MOUNT OLIVE INC IN CARRYING OUT ITS EXEMPT PURPOSE.Expenses $862,371 · revenue $948,660
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0371529
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $8,282,110
- Income (IRS master file)
- $979,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $979,790 | $862,371 | $8,282,110 | IRS |
| 990 | June 2024 | $951,572 | $877,563 | $8,523,343 | IRS |
| 990 | June 2023 | $948,904 | $895,216 | $8,792,705 | XML |
| 990 | June 2022 | $958,940 | $908,843 | $9,147,004 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0371529).
Questions about THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON
- What is the EIN of THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON?
- The employer identification number (EIN) of THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON is 20-0371529.
- Is THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON?
- The 990 for the year ended June 30, 2025 names KENNETH BUCHANAN.
- Who are the officers and directors of THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $979,790, expenses of $862,371 and total assets of $8,282,110 at year end.
Other nonprofits in MOUNT OLIVE
- UNIVERSITY OF MOUNT OLIVE INC EIN 56-0623936 · last filed 990 for 2025
- MT OLIVE FAMILY MEDICINE CENTER INC EIN 56-2000255 · last filed 990 for 2025
- SOUTHERN BANK FOUNDATION EIN 56-2002871 · last filed 990-PF for 2024
- SOUTHERN WAYNE RECREATION INC EIN 56-0902656 · last filed 990 for 2025
- MOUNT OLIVE PICKLE COMPANY FOUNDATION EIN 56-1888088 · last filed 990-PF for 2026
- PLEASANT GROVE VOLUNTEER FIRE & EMS DEPARTMENT EIN 56-1406202 · last filed 990 for 2025
- OAK WOLFE FIRE DEPARTMENT EIN 56-1394515 · last filed 990 for 2025
- TRAFFIC MARKING MANUFACTURERS ALLIANCE EIN 93-3294525 · last filed 990 for 2024