Olivet University
- Assets
- $81.4m
- Revenue
- $25.7m
- Investments
- $0.0
- Employees
- 80
- Location
- Anza, CA
- Founding
- 06/2005
- Data as of
- 06/2021
- EIN
- 20-0909475
Organization Overview
Olivet University is located in Anza, CA. The organization was established in 2005. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Olivet University employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivet University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Olivet University generated $25.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $24.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olivet University has awarded 51 individual grants totaling $19,872,060. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING QUALITY CHRISTIAN EDUCATION TO THE NETWORK GENERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATION ON VARIOUS CHRISTIAN SUBJECTS TO STUDENTS. DURING THE 2020-2021 FINANCIAL YEAR OLIVET UNIVERSITY CONTINUED TO EDUCATE STUDENTS STRENGTHEN ITS MINISTRY PRACTICE PROGRAM IMPROVE ITS ELECTRONIC RESOURCES HOLDINGS INCREASE ENROLLMENT AND EXPAND ITS COURSE OFFERING.
PROVIDED ACADEMIC SUPPORT SERVICES INCLUDING LIBRARY DEVELOPMENT PROFESSIONAL ACADEMIC DEVELOPMENT AND ACADEMIC COMPUTING SUPPORT.
PROVIDED STUDENT SERVICES INCLUDING ADMISSIONS SOCIAL AND CULTURE AND DEVELOPMENT COUNSELING AND CAREER GUIDANCE AND FINANCIAL AID ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthias Gebhardt President | OfficerTrustee | 40 | $68,928 |
Tracy Davis Dean For Academic | Officer | 40 | $62,400 |
Daehong Jung CFO | Officer | 40 | $30,000 |
Ginturn Tran Chairman VP | Trustee | 2 | $5,400 |
Brian Kim Treasurer | OfficerTrustee | 1 | $0 |
Winnie Wong Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,264,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,264,779 |
| Total Program Service Revenue | $4,001,271 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,848,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $551,203 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,665,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,547,773 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,900 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,728 |
| Compensation of current officers, directors, key employees. | $166,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,307,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $225,084 |
| Fees for services: Management | $2,750,764 |
| Fees for services: Legal | $470,107 |
| Fees for services: Accounting | $230,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,625 |
| Office expenses | $116,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,496,154 |
| Travel | $199,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,331,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,487,294 |
| Insurance | $262,260 |
| All other expenses | $0 |
| Total functional expenses | $24,437,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,667 |
| Savings and temporary cash investments | $1,909 |
| Pledges and grants receivable | $9,980,522 |
| Accounts receivable, net | $7,595,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,741,016 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $141,035 |
| Net Land, buildings, and equipment | $56,357,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $451,134 |
| Total assets | $81,362,553 |
| Accounts payable and accrued expenses | $3,063,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,935,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,930,126 |
| Total liabilities | $21,929,765 |
| Net assets without donor restrictions | $49,452,266 |
| Net assets with donor restrictions | $9,980,522 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $81,362,553 |
Grants Awarded
Over the last fiscal year, Olivet University has awarded $2,546,773 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVET ACADEMY PURPOSE: Christian children edu | $864,750 |
Saint Louis, MO PURPOSE: Christian musicians edu | $517,943 |
Washington, DC PURPOSE: Church missions | $480,180 |
OLIVET ASSEMBLY PURPOSE: Church missions | $318,000 |
Atlanta, GA PURPOSE: Church missions | $133,400 |
Howe, IN PURPOSE: Christian education | $114,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Olivet University has recieved totaling $311.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Conservatory Of Music Inc San Francisco, CA | $341,811,653 | $47,873,165 |
Humboldt State University Sponsored Programs Foundation Arcata, CA | $18,307,530 | $36,742,965 |
California University Of Science And Medicine Colton, CA | $59,868,160 | $28,936,097 |
Minerva Institute For Research And Scholarship San Francisco, CA | $14,539,633 | $46,783,165 |
Hope International University Fullerton, CA | $37,606,706 | $28,796,874 |
Prescott College Inc Prescott, AZ | $32,109,513 | $27,987,581 |
Pacific Oaks Education Corporation Pasadena, CA | $44,789,985 | $24,782,562 |
Olivet University Anza, CA | $81,362,553 | $25,665,253 |
Bushnell University Eugene, OR | $45,025,134 | $29,491,675 |
Notre Dame De Namur University Belmont, CA | $59,879,488 | $17,252,729 |
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |