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Filing year 2023

The University of Mount Olive Foundation

Mount Olive, North Carolina·EIN 20-0371529·NTEE B11 · Education·501(c)(3)
Total revenue
$952k
Total assets
$8.5M
Total expenses
$878k
Reported officers
19
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.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in North Carolina.

Assistant Treasurer
10th to 25th percentile
$42k
$46k
Secretary
Officer (Unspecified)
$11k
$12k
Board Member
Below 10th percentile
$2k
$2k
President
Below 10th percentile
$110
$120

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at The University of Mount Olive Foundation equaled 5% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
5%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 10%
from 2022

From $38k in 2022 to $42k in 2023.

$38k
2022
$42k
2023
In today's dollarsEst.
Up 5% in real terms$44k to $46k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 10% from 2022 to 2023, while revenue held roughly steady.

$38k in 2022 to $42k in 2023.
  • Board Member pay fell 94% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about The University of Mount Olive Foundation

What does the Chief Financial Officer of The University of Mount Olive Foundation earn?

In 2023, the Chief Financial Officer of The University of Mount Olive Foundation received $42,037 in total compensation. This pay is in the bottom quarter for Chief Financial Officer roles among Education organizations in North Carolina, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at The University of Mount Olive Foundation compare with similar nonprofits?

Compared with the same role at Education organizations in North Carolina, the 2023 pay of the Chief Financial Officer at The University of Mount Olive Foundation falls between the 10th and 25th percentiles. In 2023, the highest total compensation at The University of Mount Olive Foundation equaled 5% of the organization's total expenses. The median for education organizations is 7%.

What are The University of Mount Olive Foundation's revenue and expenses?

In 2023, The University of Mount Olive Foundation reported $952k in total revenue and $878k in total expenses on its IRS Form 990.

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