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Nonprofit · EIN 46-1616553

WORLD OLIVET ASSEMBLY INC

Tax-exempt (reinstated) · DOVER PLAINS, NY 12522

Financials

$14M$12.3M2023
Revenue Expenses · by fiscal year end
Financials of WORLD OLIVET ASSEMBLY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2024990$14,012,190$12,324,373$1,687,817$89,795,059$42,315,518$47,479,541
Financial details: 990 for the year ended January 31, 2024

Revenue

Contributions, gifts and grants
$12,843,243
Membership dues
$616,476
Program service revenue
$0
Investment income
$0
Net rental income
$1,168,947
Other revenue
$1,168,947

Expenses

Grants and similar amounts paid
$2,513,715
Compensation of officers, directors and key employees
$103,542
Salaries, compensation and benefits (total)
$864,701
Professional fundraising fees
$0
Legal fees
$534,540
Depreciation
$1,550,760
Program services (functional)
$8,264,563
Management and general (functional)
$3,752,799
Fundraising (functional)
$307,011

Balance sheet and other

Total assets, start of year
$90,119,465
Total assets, end of year
$89,795,059
Total liabilities, end of year
$42,315,518
Net assets, end of year
$47,479,541
Land, buildings and equipment
$71,826,751
Net assets without donor restrictions
$36,219,296
Net assets with donor restrictions
$11,260,245
Gross unrelated business income
$1,168,947
Gross receipts
$14,012,190
Employees
26
Year formed
2012
State of legal domicile
NY

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 January 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Marian SpisakChairman
Officer
40$53,942
Chunmei FuAssociate Pastor
Officer
40$30,000
David ChangPresident
Officer
10$19,600
Alma OsorioTrustee
Trustee or director
1$0

Address and contacts

Address (IRS master file)
115 DOVER FURNACE RD, DOVER PLAINS, NY 12522-5771
In care of
% MARIAN SPISAK
Principal officer (990 for 2023)
Marian Spisak, 115 Dover Furnace Road, Dover Plains, NY 12522
Signed the 990
Marian Spisak, Executive Director
Return prepared by
Daniel H Bourren PC

Mission

World Olivet Assemblys mission is to proclaim Gods Word, to help others come to faith in Jesus Christ, and to seek fulfillment of the Great Commission that the Lord has entrusted to all believers.

990 for the year ended January 31, 2024

Program accomplishments

  • Global Church Planting and Mission Support During the fiscal year, World Olivet Assembly expanded its support of churches, mission centers, and ministry organizations throughout Asia, Europe, Africa, the Caribbean, and South America. Financial assistance was provided to establish and strengthen local congregations, support evangelistic outreach, develop ministry leadership, and advance Christian mission activities in underserved regions.. Significant support was directed toward church development initiatives in Colombia, Zambia, France, Japan, and other international locations, contributing to the growth and sustainability of Christian communities worldwide.
    Expenses $5,537,257 · grants $1,831,486
  • International Ministry Partnerships and Community Development World Olivet Assembly provided grants and program support to affiliated organizations engaged in community outreach, humanitarian service, family ministries, youth programs, and Christian education. Through strategic partnerships with churches and ministry centers across multiple continents, the organization helped facilitate programs that addressed spiritual, educational, and social needs within local communities. These efforts strengthened organizational capacity among partner ministries and promoted long-term community development consistent with the organizations religious and charitable mission.
    Expenses $1,652,913 · grants $200,100
  • Leadership Development, Education, and Training Initiatives The organization continued to invest in leadership training, educational programs, and ministry development initiatives designed to equip current and future Christian leaders. Support was provided for theological education, vocational training, ministry conferences, and specialized educational programs through partner institutions and ministry organizations. These initiatives fostered spiritual growth, leadership excellence, and organizational effectiveness while helping expand the reach and impact of Christian ministry activities around the world.
    Expenses $1,074,393 · grants $482,129

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 January, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026Not on file
2024January 31, 2025June 16, 2025Not on file
2023January 31, 2024June 17, 2024990 on file

IRS record

EIN
46-1616553
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2017
Accounting year ends
January
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X90)
Assets (IRS master file)
$89,795,059
Income (IRS master file)
$14,012,190

Revocation and reinstatement

Exemption revoked
May 15, 2015
Posted by the IRS
August 10, 2015
Reinstated
Effective May 15, 2015

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2024$14,012,190$12,324,373$89,795,059XML
990January 2023$17,208,664$14,511,839$91,611,996IRS
990January 2022–––IRS
990January 2021–––IRS
990January 2019–––IRS
990January 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 46-1616553).

Questions about WORLD OLIVET ASSEMBLY INC

What is the EIN of WORLD OLIVET ASSEMBLY INC?
The employer identification number (EIN) of WORLD OLIVET ASSEMBLY INC is 46-1616553.
Is WORLD OLIVET ASSEMBLY INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2015 and reinstated it effective May 15, 2015.
Are donations to WORLD OLIVET ASSEMBLY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WORLD OLIVET ASSEMBLY 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 WORLD OLIVET ASSEMBLY INC due?
The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WORLD OLIVET ASSEMBLY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2024.
Who is the principal officer of WORLD OLIVET ASSEMBLY INC?
The 990 for the year ended January 31, 2024 names Marian Spisak.
Who are the officers and directors of WORLD OLIVET ASSEMBLY INC?
The 990 for the year ended January 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $53,942 (Marian Spisak, Chairman).
How much revenue does WORLD OLIVET ASSEMBLY INC have?
On its 990 for the year ended January 31, 2024 it reported revenue of $14,012,190, expenses of $12,324,373 and total assets of $89,795,059 at year end.

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