Mt Olive Academic Foundation
- Assets
- $357.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Olive, IL
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 37-1357838
Organization Overview
Mt Olive Academic Foundation is located in Mt Olive, IL. The organization was established in 1997. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Olive Academic Foundation 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 12/2022, Mt Olive Academic Foundation generated $69.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $67.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE GRANTS TO THE SCHOOL FOR EQUIPMENT, TEACHING AIDES,AND ASSEMBLY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Kratochvil President | 1 | $0 | |
Jodene Niehaus-Scheller V-President | 0 | $0 | |
Jane Becker Secretary | 0.2 | $0 | |
Mary Kratochvil Treasurer | 0.8 | $0 | |
Kim Carlille Director | 0 | $0 | |
Kevin Mihelcic Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,036 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,592 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,628 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,569 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,889 |
| Other expenses | $216 |
| Total expenses | $67,367 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $357,670 |
| Other assets | $0 |
| Total assets | $357,670 |
| Total liabilities | $0 |
| Net assets or fund balances | $357,670 |