Nonprofit · EIN 54-6073008
MOUNT OLIVET FOUNDATION
Tax-exempt · ARLINGTON, VA 22207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $47,669 | $64,568 | -$16,899 | $1,867,176 | $0 | $1,867,176 |
| December 31, 2023 | 990 | $16,682 | $53,555 | -$36,873 | $1,704,594 | $0 | $1,704,594 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $47,594
- Program service revenue
- $75
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $58,388
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,200
- Program services (functional)
- $58,388
- Management and general (functional)
- $6,180
Balance sheet and other
- Total assets, start of year
- $1,704,594
- Total assets, end of year
- $1,867,176
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,867,176
- Publicly traded securities
- $1,581,554
- Gross receipts
- $47,669
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1967
- State of legal domicile
- VA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cheryl Moore | President Trustee or director, Officer | 3 | $0 |
| Lucinda Maine | Development Chair Trustee or director, Officer | 2 | $0 |
| Cynthia Nelson | Loans Co-Chair Trustee or director | 2 | $0 |
| Elizabeth Wray | Loans Co-Chair Trustee or director | 2 | $0 |
| Steven Meek | Controller Trustee or director, Officer | 2 | $0 |
| Charlie Mullin | Investments Chair Trustee or director, Officer | 1 | $0 |
| Rick Ritter | Treasurer Trustee or director, Officer | 1 | $0 |
| Wayne Witting | Assistant Treasurer Trustee or director, Officer | 1 | $0 |
| Kathie Bailey | Grants Chair Trustee or director | 1 | $0 |
| Laura Jensen | Member Trustee or director | 1 | $0 |
| Rachel Hensler | Member Trustee or director | 1 | $0 |
| Jim Dake | Member Trustee or director | 1 | $0 |
| Martha Foster | Member Trustee or director | 1 | $0 |
| Susan Leland | Secretary Trustee or director, Officer | 1 | $0 |
| Victoria Metz | Member Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Janet Oak | Vice President Trustee or director, Officer | 1 | $0 |
| Kim Roehl | Member Trustee or director | 1 | $0 |
| Michelle Banks | Member Trustee or director | 1 | $0 |
| Jane Hanson | Member Trustee or director | 1 | $0 |
| Matt Voigt | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cheryl Moore | President Trustee or director | 3 | $0 |
| Lucinda Maine | Development Chair Trustee or director | 1 | $0 |
| Cynthia Nelson | Loans Co-Chair Trustee or director | 1 | $0 |
| Elizabeth Wray | Loans Co-Chair Trustee or director | 1 | $0 |
| Steven Meek | Controller Trustee or director | 1 | $0 |
| Charlie Mullin | Investments Chair Trustee or director | 1 | $0 |
| Rick Ritter | Treasurer Trustee or director | 1 | $0 |
| Wayne Witting | Assistant Treasurer Trustee or director | 1 | $0 |
| Kathie Bailey | Grants Chair Trustee or director | 1 | $0 |
| Laura Jensen | Member Trustee or director | 1 | $0 |
| Rachel Hensler | Member Trustee or director | 1 | $0 |
| Jim Dake | Member Trustee or director | 1 | $0 |
| Martha Foster | Member Trustee or director | 1 | $0 |
| Susan Leland | Secretary Trustee or director | 1 | $0 |
| Vincent Price | Member Trustee or director | 1 | $0 |
| Victoria Metz | Member Trustee or director | 1 | $0 |
| Janet Oak | Member Trustee or director | 1 | $0 |
| Kim Roehl | Member Trustee or director | 1 | $0 |
| Michelle Banks | Member Trustee or director | 1 | $0 |
| Jane Hanson | Member Trustee or director | 1 | $0 |
| Matt Voigt | Member Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 N GLEBE RD, ARLINGTON, VA 22207-2123
- In care of
- % MOUNT OLIVET METHODIST CHURCH
- Principal officer (990 for 2024)
- Janet Oak, 1500 N Glebe Road, Arlington, VA 22207
- Signed the 990
- Steven Meek, Controller
Mission
Providing grants and interest-free loans to post-secondary students and grants to community organizations that demonstrate financial need.
Program accomplishments
- During 2024 the Foundation made educational grants ranging from $500 to $5,000 to 20 different students.Expenses $44,088 · grants $44,088
- 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.Expenses $14,300 · grants $14,300
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6073008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $1,867,176
- Income (IRS master file)
- $47,669
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $47,669 | $64,568 | $1,867,176 | XML |
| 990 | December 2023 | $16,682 | $53,555 | $1,704,594 | XML |
| 990 | December 2022 | $1,367 | $47,693 | $1,523,433 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-6073008).
Questions about MOUNT OLIVET FOUNDATION
- What is the EIN of MOUNT OLIVET FOUNDATION?
- The employer identification number (EIN) of MOUNT OLIVET FOUNDATION is 54-6073008.
- Is MOUNT OLIVET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to MOUNT OLIVET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNT OLIVET FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MOUNT OLIVET FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT OLIVET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOUNT OLIVET FOUNDATION?
- The 990 for the year ended December 31, 2024 names Janet Oak.
- Who are the officers and directors of MOUNT OLIVET FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does MOUNT OLIVET FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $47,669, expenses of $64,568 and total assets of $1,867,176 at year end.
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