Nonprofit · EIN 38-1459365
OLIVET COLLEGE
Tax-exempt · OLIVET, MI 49076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $45,312,869 | $49,296,924 | -$3,984,055 | $79,301,204 | $43,019,553 | $36,281,651 |
| June 30, 2024 | 990 | $43,013,011 | $46,924,444 | -$3,911,433 | $78,829,826 | $36,695,526 | $42,134,300 |
| June 30, 2023 | 990 | $38,755,787 | $42,204,101 | -$3,448,314 | $64,213,247 | $20,865,659 | $43,347,588 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,545,169
- Program service revenue
- $37,623,215
- Investment income
- $4,094,344
- Net gain from sales of assets
- $3,488,337
- Net income from sales of inventory
- $50,141
- Other revenue
- $50,141
Expenses
- Grants and similar amounts paid
- $17,543,997
- Other salaries and wages
- $13,320,097
- Salaries, compensation and benefits (total)
- $15,692,153
- Professional fundraising fees
- $0
- Occupancy
- $1,046,024
- Travel
- $516,384
- Depreciation
- $2,526,115
- Program services (functional)
- $42,621,556
- Management and general (functional)
- $5,987,348
- Fundraising (functional)
- $688,020
Balance sheet and other
- Total assets, start of year
- $78,829,826
- Total assets, end of year
- $79,301,204
- Total liabilities, end of year
- $43,019,553
- Net assets, end of year
- $36,281,651
- Land, buildings and equipment
- $47,804,915
- Publicly traded securities
- $17,307,153
- Net assets without donor restrictions
- $6,983,241
- Net assets with donor restrictions
- $29,298,410
- Gross receipts
- $56,097,058
- Employees
- 588
- Volunteers
- 31
- Year formed
- 1920
- State of legal domicile
- MI
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 |
|---|---|---|---|
| DR MARGARET DIMOND | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| DR SHARON HOBBS | SECRETARY Trustee or director, Officer | 2 | $0 |
| DR TIMOTHY HODGE | CHAIR Trustee or director, Officer | 2 | $0 |
| JEFF WILDERN | TREASURER Trustee or director, Officer | 3 | $0 |
| ALBERT ROSENTHALER | TRUSTEE Trustee or director | 2 | $0 |
| AUDRA CARSON | TRUSTEE Trustee or director | 2 | $0 |
| BREANNA O'KEEFE | TRUSTEE Trustee or director | 2 | $0 |
| CHUCK MEFFORD | TRUSTEE Trustee or director | 2 | $0 |
| DAVID LABRECQUE | TRUSTEE AT-LARGE Trustee or director | 2 | $0 |
| DENISE P HOOD | TRUSTEE Trustee or director | 2 | $0 |
| DR ALYSSA KENISTON | TRUSTEE Trustee or director | 2 | $0 |
| DR DARLENE LEE | TRUSTEE Trustee or director | 2 | $0 |
| DR JOHN SCHWARZ | TRUSTEE Trustee or director | 2 | $0 |
| DR JUSTIN KLAMERUS | TRUSTEE Trustee or director | 2 | $0 |
| DR STEPHEN BURTON | TRUSTEE Trustee or director | 2 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G ASENATH ANDREWS | TRUSTEE Trustee or director | 2 | $0 |
| JAMES ROSE JR | TRUSTEE Trustee or director | 2 | $0 |
| JAMEY FITZPATRICK | TRUSTEE Trustee or director | 2 | $0 |
| JASON CONKIN | TRUSTEE Trustee or director | 2 | $0 |
| JOHN JONES | TRUSTEE AT-LARGE Trustee or director | 2 | $0 |
| KAREN PRESTON | TRUSTEE Trustee or director | 2 | $0 |
| KAY KOSSEN | TRUSTEE Trustee or director | 2 | $0 |
| LINDA HARLESTON-EATON | TRUSTEE AT-LARGE Trustee or director | 2 | $0 |
| MIKE DIETERLE | TRUSTEE Trustee or director | 2 | $0 |
| PAMELA HEOS | TRUSTEE Trustee or director | 2 | $0 |
| ROD HATHAWAY | TRUSTEE Trustee or director | 2 | $0 |
| SARA WALLACE | TRUSTEE Trustee or director | 2 | $0 |
| SARAH JENNINGS | TRUSTEE Trustee or director | 2 | $0 |
| SUE TOPPING | TRUSTEE Trustee or director | 2 | $0 |
| THOMAS BURKE | TRUSTEE Trustee or director | 2 | $0 |
| VERONICA MURFF | TRUSTEE Trustee or director | 2 | $0 |
| CORNELIUS DARCY | VP ENROLLMENT MANAGEMENT Officer | 40 | $0 |
| DR STEVEN COREY | PRESIDENT Officer | 40 | $0 |
| MARK DERUITER | VP/CFO Officer | 40 | $0 |
| PAUL BURKHARDT | PROVOST Officer | 40 | $0 |
| RYAN SHOCKEY | VP/CHIEF OF STAFF Officer | 40 | $0 |
| VICKI STOUFFER | VP FOR ADVANCEMENT Officer | 40 | $0 |
| BARRY POULSON | FACULTY Highest-paid employee | 40 | $0 |
| DENNIS FRANK | PROGRAM DIRECTOR, COUNSELING Highest-paid employee | 40 | $0 |
| KAREN CHANEY | ASSOC. PROVOST Highest-paid employee | 40 | $0 |
| KIRK HENDERSHOTT-KRAETZER | FACULTY Highest-paid employee | 40 | $0 |
| PHILLIP REED | FACULTY Highest-paid employee | 40 | $0 |
990 for the year ended June 30, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR STEVEN COREY | PRESIDENT Officer | 40 | $413,772 | $43,548 |
| PAUL BURKHARDT | PROVOST Officer | 40 | $164,268 | $13,204 |
| MARK DERUITER | VP/CFO Officer | 40 | $152,182 | $12,704 |
| VICKI STOUFFER | VP FOR ADVANCEMENT Officer | 40 | $142,107 | $12,284 |
| PHILLIP REED | FACULTY Highest-paid employee | 40 | $135,350 | $5,837 |
| KIRK HENDERSHOTT-KRAETZER | FACULTY Highest-paid employee | 40 | $128,662 | $1,691 |
| KAREN CHANEY | ASSOC. PROVOST Highest-paid employee | 40 | $111,155 | $17,990 |
| RYAN SHOCKEY | VP/CHIEF OF STAFF Officer | 40 | $110,641 | $4,410 |
| DENNIS FRANK | PROGRAM DIRECTOR, COUNSELING Highest-paid employee | 40 | $110,625 | $4,080 |
| BARRY POULSON | FACULTY Highest-paid employee | 40 | $109,517 | $1,374 |
| CORNELIUS DARCY | VP ENROLLMENT MANAGEMENT (started 9/2023) Officer | 40 | $61,463 | $3,559 |
| DR MARGARET DIMOND | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DR SHARON HOBBS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DR TIMOTHY HODGE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JEFF WILDERN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ALBERT ROSENTHALER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| AUDRA CARSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BREANNA O'KEEFE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHUCK MEFFORD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID LABRECQUE | TRUSTEE AT-LARGE Trustee or director | 2 | $0 | $0 |
| DENISE P HOOD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR ALYSSA KENISTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR DARLENE LEE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JOHN SCHWARZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JUSTIN KLAMERUS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR STEPHEN BURTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| G ASENATH ANDREWS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMES ROSE JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JAMEY FITZPATRICK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JASON CONKIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN JONES | TRUSTEE AT-LARGE Trustee or director | 2 | $0 | $0 |
| KAREN PRESTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KAY KOSSEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LINDA HARLESTON-EATON | TRUSTEE AT-LARGE Trustee or director | 2 | $0 | $0 |
| MIKE DIETERLE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAMELA HEOS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROD HATHAWAY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SARA WALLACE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SARAH JENNINGS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUE TOPPING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS BURKE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VERONICA MURFF | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR STEVEN COREY | PRESIDENT Officer | 40 | $353,375 | $50,358 |
| MARK DERUITER | VP/CFO Officer | 40 | $148,466 | $13,168 |
| VICKI STOUFFER | VP FOR ADVANCEMENT Officer | 40 | $140,519 | $12,543 |
| KAREN CHANEY | ASSOC. PROVOST Highest-paid employee | 40 | $107,616 | $20,333 |
| RYAN SHOCKEY | VP/CHIEF OF STAFF Officer | 40 | $106,173 | $9,901 |
| MARIA DAVIS | PROVOST (LEFT 06/22) Former | 40 | $104,178 | $4,450 |
| PAUL BURKHARDT | PROVOST (START 07/22) Officer | 40 | $79,966 | $6,222 |
| JAMEY FITZPATRICK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JUSTIN KLAMERUS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFF WILDERN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ALBERT ROSENTHALER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| AUDRA CARSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BREANNA O'KEEFE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHUCK MEFFORD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID LABRECQUE | TRUSTEE AT-LARGE Trustee or director | 2 | $0 | $0 |
| DAVID SHUFELT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DENISE P HOOD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR CRAIG BAILEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JOHN SCHWARZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR ALYSSA KENISTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR MARGARET DIMOND | TRUSTEE AT-LARGE Trustee or director | 2 | $0 | $0 |
| DR MELANIE ENGELS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DR SHARON HOBBS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DR TIMOTHY HODGE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| G ASENATH ANDREWS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAMES ROSE JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JASON CONKIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JESSE LOTHAMER | VICE TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN JONES | TRUSTEE AT-LARGE Trustee or director | 2 | $0 | $0 |
| KAREN PRESTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LINDA HARLESTON-EATON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MIKE DIETERLE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAMELA HEOS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROD HATHAWAY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SARAH JENNINGS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUE TOPPING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| THOMAS BURKE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VERONICA MURFF | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 320 S MAIN ST, OLIVET, MI 49076-9406
- In care of
- % MARK DERUITER
- Principal officer (990 for 2024)
- KARA GILLIARD, 320 S MAIN STREET BUSINESS OF, OLIVET, MI 49076
- Signed the 990
- KARA GILLIARD, CFO
- Phone
- (269) 749-7000
- Website
- WWW.UOLIVET.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE A UNIQUE LIBERAL ARTS EDUCATION ALLOWING STUDENTS TO ENGAGE IN BOTH CURRICULAR AND CO CURRICULAR PROGRAMS THAT COMBINE REAL WORLD EXPERIENCES WITH LECTURES AND SERVICE LEARNING.
Program accomplishments
- FINANCIAL AID IN VARIOUS FORMS TO ASSIST INDIVIDUALS IN FINANCING THEIR UNDERGRAUATE EDUCATION. 944 STUDENTS BENEFITTED.Expenses $17,453,997 · grants $17,543,997
- NON-EDUCATIONAL EVENTS FOR STUDENTS - CO-CURRICULAR PROGRAMS OFFERED TO STUDENTS. THIS INCLUDES ATHLETICS AND STUDENT LIFE EVENTS TO ENHANCE THE EDUCATIONAL EXPERIENCE.Expenses $9,663,840 · revenue $7,898,978
- INSTRUCTION AND RELATED SUPPORT - PROVIDING A LIBERAL ARTS UNDERGRADUATE EDUCATION. 851 UNDERGRADUATE STUDENTS ENROLLED IN FISCAL YEAR 2024-25.Expenses $8,420,052 · revenue $28,231,189
- AUXILIARY - ROOM, BOARD, ATHLETICS AND SPIRIT STORE FOR STUDENTS OBTAINING THEIR UNDERGRADUATE EDUCATION.Expenses $6,993,667 · revenue $1,543,189
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
- 38-1459365
- 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
- 1952
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $79,301,204
- Income (IRS master file)
- $56,097,058
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $45,312,869 | $49,296,924 | $79,301,204 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $43,013,011 | $46,924,444 | $78,829,826 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $38,755,787 | $42,204,101 | $64,213,247 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $41,045,976 | $40,347,156 | $55,278,439 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 38-1459365).
Questions about OLIVET COLLEGE
- What is the EIN of OLIVET COLLEGE?
- The employer identification number (EIN) of OLIVET COLLEGE is 38-1459365.
- Is OLIVET COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
- Are donations to OLIVET COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLIVET COLLEGE 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 OLIVET COLLEGE 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 OLIVET COLLEGE 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 OLIVET COLLEGE?
- The 990 for the year ended June 30, 2025 names KARA GILLIARD.
- Who are the officers and directors of OLIVET COLLEGE?
- The 990 for the year ended June 30, 2025 lists 42 people; 0 received compensation from the organization.
- How much revenue does OLIVET COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $45,312,869, expenses of $49,296,924 and total assets of $79,301,204 at year end.
Other nonprofits in OLIVET
- OLIVET PTO EIN 38-3367423 · last filed 990-N for 2024
- OLIVET SCHOOLS ALUMNI & COMMUNITY ASSOCIATION EIN 26-1293706 · last filed 990-N for 2025
- OLIVET FFA ALUMNI ASSOCIATION EIN 16-1758891 · last filed 990-N for 2025
- EATON COUNTY HUMANE SOCIETY EIN 38-2209624 · last filed 990 for 2024
- OLIVET ALL SPORTS BOOSTERS CLUB EIN 38-2428729 · last filed 990-EZ for 2025
- PAWSIBILITIES EIN 81-5376638 · last filed 990-N for 2025
- MICHIGAN ASSOCIATION OF RETIRED SCHOOL PERSONNEL EIN 38-2584742 · last filed 990-N for 2024
- PRINCESS ALLI FOUNDATION EIN 47-3846517 · last filed 990-N for 2025