Nonprofit · EIN 56-0623936
UNIVERSITY OF MOUNT OLIVE INC
Tax-exempt · MOUNT OLIVE, NC 28365
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $60,674,207 | $50,592,432 | $10,081,775 | $114,375,113 | $16,528,407 | $97,846,706 |
| June 30, 2024 | 990 | $50,616,977 | $49,017,880 | $1,599,097 | $101,622,452 | $18,193,098 | $83,429,354 |
| June 30, 2023 | 990 | $50,389,774 | $47,108,899 | $3,280,875 | $86,936,254 | $13,387,888 | $73,548,366 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,530,981
- of which government grants
- $683,101
- Program service revenue
- $45,189,116
- Investment income
- $3,002,522
- Net gain from sales of assets
- $537,377
- Net income from fundraising events
- -$48,412
- Other revenue
- -$48,412
Expenses
- Grants and similar amounts paid
- $13,530,222
- Compensation of officers, directors and key employees
- $1,313,809
- Other salaries and wages
- $13,851,425
- Salaries, compensation and benefits (total)
- $18,149,446
- Professional fundraising fees
- $0
- Legal fees
- $12,439
- Accounting fees
- $191,966
- Occupancy
- $1,010,692
- Travel
- $1,048,153
- Depreciation
- $2,147,339
- Program services (functional)
- $39,493,199
- Management and general (functional)
- $10,234,824
- Fundraising (functional)
- $864,409
Balance sheet and other
- Total assets, start of year
- $101,622,452
- Total assets, end of year
- $114,375,113
- Total liabilities, end of year
- $16,528,407
- Net assets, end of year
- $97,846,706
- Land, buildings and equipment
- $27,181,682
- Publicly traded securities
- $22,688,523
- Net assets without donor restrictions
- $27,194,253
- Net assets with donor restrictions
- $70,652,453
- Gross receipts
- $67,225,285
- Employees
- 600
- Volunteers
- 215
- Year formed
- 1951
- 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 | Other / benefits |
|---|---|---|---|---|
| DR EDWARD CROOM | PRESIDENT Officer | 50 | $350,004 | $0 |
| KENNETH BUCHANAN | CFO/SVP BUSINESS & FINANCE Officer | 50 | $191,789 | $44,887 |
| W DAN SULLIVAN | SVP STUDENT AFFAIRS Highest-paid employee | 50 | $147,412 | $27,699 |
| KATHY BEST | DEAN - TILLMAN SCHOOL OF BUSINESS Highest-paid employee | 50 | $127,024 | $43,572 |
| ELIZABETH CARRERE | VP, INSTITUTIONAL EFFECTIVENESS Highest-paid employee | 50 | $147,512 | $9,976 |
| BURT LEWIS | VP, ACADEMIC AFFAIRS Highest-paid employee | 50 | $125,528 | $14,776 |
| TWYLA WELLS | VP, UNIVERSITY ADVANCEMENT Highest-paid employee | 50 | $126,194 | $952 |
| ANNE HAMM | EXECUTIVE ASSISTANT TO PRESIDENT/SECRETARY Officer | 50 | $49,643 | $0 |
| DONNIE LASSITER | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALBERT ELROD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENJAMIN FORREST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEVERLY BOYETTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBY JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BORDEN HOWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD WEST | TRUSTEE Trustee or director | 1 | $0 |
| CHARLIE YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| DAVID MCPHERSON | TRUSTEE Trustee or director | 1 | $0 |
| DUSK STROUD | TRUSTEE Trustee or director | 1 | $0 |
| J MATTHEW RAST | TRUSTEE Trustee or director | 1 | $0 |
| JERILYN LEE | TRUSTEE Trustee or director | 1 | $0 |
| JODY TYSON | TRUSTEE Trustee or director | 1 | $0 |
| JOHN HAWKINS | TRUSTEE Trustee or director | 1 | $0 |
| JOSH WHITFIELD | TRUSTEE Trustee or director | 1 | $0 |
| MARK HOBBS | TRUSTEE Trustee or director | 1 | $0 |
| MARY DRUMMOND | TRUSTEE Trustee or director | 1 | $0 |
| PAMELA BRAXTON | TRUSTEE Trustee or director | 1 | $0 |
| PAULA COATES | TRUSTEE Trustee or director | 1 | $0 |
| ROB BIZZELL | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT KORNEGAY | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT SUTTER | TRUSTEE Trustee or director | 1 | $0 |
| RONNIE HOBGOOD | TRUSTEE Trustee or director | 1 | $0 |
| SHANE SMITH | TRUSTEE Trustee or director | 1 | $0 |
| SYLVIA HERRING | TRUSTEE Trustee or director | 1 | $0 |
| TERESA EASON | TRUSTEE Trustee or director | 1 | $0 |
| WESLEY BEDDARD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR EDWARD CROOM | PRESIDENT Officer | 50 | $375,357 | $2,049 |
| KENNETH BUCHANAN | CFO/SVP BUSINESS & FINANCE Officer | 50 | $177,107 | $42,037 |
| KATHY BEST | DEAN - TILLMAN SCHOOL OF BUSIN Highest-paid employee | 50 | $129,193 | $41,755 |
| W DAN SULLIVAN | SVP STUDENT AFFAIRS Highest-paid employee | 50 | $144,488 | $26,356 |
| ELIZABETH CARRERE | EXECUTIVE VP FOR TECHNOLOGY Highest-paid employee | 50 | $143,201 | $8,386 |
| KENNETH HINES | CHAIR - DEPT OF CHRISTIAN STUD Highest-paid employee | 50 | $107,698 | $23,227 |
| TIMOTHY WOODARD | VP FOR ENROLLMENT, MKTG & COMM Highest-paid employee | 50 | $107,850 | $22,507 |
| ANNE HAMM | EXEC ASST TO PRES/SECRETARY Officer | 50 | $50,148 | $10,869 |
| EARL WORLEY JR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DONNIE LASSITER | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WESLEY BEDDARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEVERLY BOYETTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAMELA BRAXTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA COATES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY DRUMMOND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALBERT ELROD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENJAMIN FORREST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN HAWKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SYLVIA HERRING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONNIE HOBGOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK HOBBS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BORDEN HOWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROLYN JERNIGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBY JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JERILYN LEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID MCPHERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIM QUINN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J MATTHEW RAST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANE SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUSK STROUD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT SUTTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JODY TYSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSH WHITFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLIE YOUNG | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR EDWARD CROOM | PRESIDENT Officer | 50 | $254,150 | $33,134 |
| KENNETH BUCHANAN | CFO/SVP BUSINESS & FINANCE Officer | 50 | $159,211 | $38,166 |
| TODD TELEMECO | VP ACADEMIC AFFAIRS Highest-paid employee | 50 | $152,549 | $16,611 |
| KATHY BEST | DEAN - TILLMAN SCHOOL OF BUSIN Highest-paid employee | 50 | $123,945 | $40,266 |
| W DAN SULLIVAN | SVP STUDENT AFFAIRS Highest-paid employee | 50 | $138,445 | $21,575 |
| KENNETH HINES | CHAIR - DEPT OF CHRISTIAN STUD Highest-paid employee | 50 | $121,101 | $27,674 |
| ELIZABETH CARRERE | EXECUTIVE VICE PRESIDENT Highest-paid employee | 50 | $127,783 | $20,912 |
| ANNE HAMM | EXEC ASST TO PRES/SECRETARY Officer | 50 | $49,234 | $10,967 |
| EARL WORLEY JR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DONNIE LASSITER | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WESLEY BEDDARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEVERLY BOYETTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAMELA BRAXTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA COATES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY DRUMMOND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALBERT ELROD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BENJAMIN FORREST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN HAWKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SYLVIA HERRING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONNIE HOBGOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK HOBBS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BORDEN HOWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROLYN JERNIGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBY JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JERILYN LEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID MCPHERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIM QUINN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J MATTHEW RAST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE ROUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANE SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DUSK STROUD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT SUTTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JODY TYSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSH WHITFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT WILKERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLIE YOUNG | TRUSTEE Trustee or director | 1 | $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)
- EDWARD CROOM, 634 HENDERSON STREET, MOUNT OLIVE, NC 28365
- Signed the 990
- EDWARD CROOM, PRESIDENT
- Phone
- (919) 658-2502
- Website
- WWW.UMO.EDU
- Return prepared by
- BDO USA
Mission
UNIVERSITY OF MOUNT OLIVE, INC. IS A CHRISTIAN FAITH-BASED, VALUES CENTERED PRIVATE INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. WE SERVE OUR STUDENTS, OUR FOUNDING CHURCH, AND OUR COMMUNITIES.
Program accomplishments
- CHRISTIAN FAITH-BASED, VALUES-CENTERED PRIVATE HIGHER EDUCATION INSTITUTION ROOTED IN THE LIBERAL ARTS TRADITION. STUDENT EDUCATION AND RELATED SERVICES FOR APPROXIMATELY 5,000 STUDENTS, AUXILIARY ENTERPRISES, OPERATION OF PLANT, FOOD SERVICES, ATHLETICS AND STUDENT HOUSING.Expenses $39,493,199 · grants $13,530,222 · revenue $45,189,116
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
- 56-0623936
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $114,375,113
- Income (IRS master file)
- $67,225,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $60,674,207 | $50,592,432 | $114,375,113 | IRS |
| 990 | June 2024 | $50,616,977 | $49,017,880 | $101,622,452 | IRS |
| 990 | June 2023 | $50,389,774 | $47,108,899 | $86,936,254 | XML |
| 990 | June 2022 | $62,113,692 | $52,274,279 | $83,720,864 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-0623936).
Questions about UNIVERSITY OF MOUNT OLIVE INC
- What is the EIN of UNIVERSITY OF MOUNT OLIVE INC?
- The employer identification number (EIN) of UNIVERSITY OF MOUNT OLIVE INC is 56-0623936.
- Is UNIVERSITY OF MOUNT OLIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to UNIVERSITY OF MOUNT OLIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF MOUNT OLIVE INC 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 UNIVERSITY OF MOUNT OLIVE INC 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 UNIVERSITY OF MOUNT OLIVE INC 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 UNIVERSITY OF MOUNT OLIVE INC?
- The 990 for the year ended June 30, 2025 names EDWARD CROOM.
- Who are the officers and directors of UNIVERSITY OF MOUNT OLIVE INC?
- The 990 for the year ended June 30, 2025 lists 36 people; 8 received compensation from the organization, the highest $350,004 (DR EDWARD CROOM, PRESIDENT).
- How much revenue does UNIVERSITY OF MOUNT OLIVE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $60,674,207, expenses of $50,592,432 and total assets of $114,375,113 at year end.
Other nonprofits in MOUNT OLIVE
- THE UNIVERSITY OF MOUNT OLIVE FOUNDAITON EIN 20-0371529 · 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