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Olivet University

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / University or Technological Institute (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2022 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$17.5M (2022)

Expenses
$18.6M (2022)

Total Assets
$80.5M (2022)

Total Liabilities
$20.3M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,471,372
Expenses
$18,644,085
Net Income
-$1,172,713
Net Assets
$60,187,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,500,990
88.7%
Program Services $1,970,382
11.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $151,728
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,862,659
26.1%
Assets/Debt
Total Assets $80,533,866
Total Liabilities $20,346,460
Net Assets $60,187,406
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthias Gebhardt (President) $68,928 $0 $0
Tracy Davis (Dean For Academic) $46,800 $0 $0
Daehong Jung (Cfo) $36,000 $0 $0
Ginturn Tran (Chairman) $0 $0 $0
Christopher Chou (Trustee) $0 $0 $0
Brian Kim (Treasurer) $0 $0 $0
Winnie Wong (Secretary) $0 $0 $0
Seonho Song (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,665,253
Expenses
$24,437,058
Net Income
$1,228,195
Net Assets
$59,432,788
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,264,779
75.1%
Program Services $4,001,271
15.6%
Investment Income $0
Bond Proceeds $0
Royalties $1,848,000
7.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $551,203
2.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $166,728
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,307,573
21.7%
Assets/Debt
Total Assets $81,362,553
Total Liabilities $21,929,765
Net Assets $59,432,788
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthias Gebhardt (President) $68,928 $0 $0
Tracy Davis (Dean For Academic) $62,400 $0 $0
Daehong Jung (Cfo) $30,000 $0 $0
Ginturn Tran (Chairman Vp) $5,400 $0 $0
Christopher Chou (Trustee) $0 $0 $0
Brian Kim (Treasurer) $0 $0 $0
Winnie Wong (Secretary) $0 $0 $0
Seonho Song (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,238,740
Expenses
$27,310,263
Net Income
$1,928,477
Net Assets
$56,038,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,223,154
48.6%
Program Services $14,100,485
48.2%
Investment Income $21
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $915,080
3.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $181,488
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,834,848
17.7%
Assets/Debt
Total Assets $91,397,229
Total Liabilities $35,358,266
Net Assets $56,038,963
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tracy Davis (Dean For Academ) $82,560 $0 $0
Matthias Gebhardt (President) $68,928 $0 $0
Ginturn Tran (Chairman/Vp) $42,600 $0 $0
Daehong Jung (Cfo) $30,000 $0 $0
Christopher Chu (Trustee) $0 $0 $0
Brian Kim (Treasurer) $0 $0 $0
Winnie Wong (Secretary) $0 $0 $0
Tony Lin (Former Board Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,579,573
Expenses
$26,119,904
Net Income
$4,459,669
Net Assets
$53,410,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,667,022
31.6%
Program Services $20,912,520
68.4%
Investment Income $31
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $222,234
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,909,433
18.8%
Assets/Debt
Total Assets $96,016,925
Total Liabilities $42,606,093
Net Assets $53,410,832
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tracy Davis (President) $82,560 $0 $0
Matthias Gebhardt (Vice President) $65,274 $0 $0
Ginturn Tran (Vice President) $44,400 $0 $0
Daehong Jung (Cfo) $30,000 $0 $0
Tony Lin (Chairman) $0 $0 $0
Christopher Chu (Trustee) $0 $0 $0
Brian Kim (Treasurer) $0 $0 $0
Winnie Wong (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,541,996
Expenses
$27,279,261
Net Income
$8,262,735
Net Assets
$52,497,401
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,527,795
43.7%
Program Services $19,638,968
55.3%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $375,231
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $128,480
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,279,521
8.4%
Assets/Debt
Total Assets $96,472,443
Total Liabilities $43,975,042
Net Assets $52,497,401

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,163,900
Expenses
$31,897,076
Net Income
$12,266,824
Net Assets
$44,234,666
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,154,610
13.9%
Program Services $37,870,461
85.7%
Investment Income $149
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $138,680
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $145,200
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,192,224
6.9%
Assets/Debt
Total Assets $88,833,254
Total Liabilities $44,598,588
Net Assets $44,234,666
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tracy Davis (President) $100,800 $0 $0
Ginturn Tran (Vice President) $44,400 $0 $0
Brian Kim (Treasurer) $0 $0 $0
Christopher Chou (Trustee) $0 $0 $0
Juan We Chiu (Trustee) $0 $0 $0
Simon Kim (Trustee (Outgoing)) $0 $0 $0
Tony Lin (Chairman) $0 $0 $0
William Anderson (Treasurer (Outgoing)) $0 $0 $0
Winnie Wong (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,187,507
Expenses
$19,668,001
Net Income
$8,519,506
Net Assets
$31,967,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,276,056
22.3%
Program Services $22,280,889
79.0%
Investment Income $674
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$370,112
Notable Expenses Percent of Total Expenses
Executive Compensation $142,800
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,897,310
9.6%
Assets/Debt
Total Assets $44,745,607
Total Liabilities $12,777,765
Net Assets $31,967,842
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tracy Davis (President) $98,400 $0 $0
Ginturn Tran (Vice President) $44,400 $0 $0
Tony Lin (Chairman) $0 $0 $0
Winnie Wong (Secretary) $0 $0 $0
William Anderson (Treasurer) $0 $0 $0
Christopher Chou (Trustee) $0 $0 $0
Juan We Chiu (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,516,813
Expenses
$10,976,409
Net Income
$8,540,404
Net Assets
$23,448,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,034,191
30.9%
Program Services $12,850,189
65.8%
Investment Income $1,034
0.0%
Bond Proceeds $0
Royalties $630,000
3.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,399
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $98,800
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,410,669
12.9%
Assets/Debt
Total Assets $34,800,783
Total Liabilities $11,352,447
Net Assets $23,448,336
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tracy Davis (President) $64,800 $0 $0
Ginturn Tran (Vice President) $34,000 $0 $0
Andrew T Lin (Chairman) $0 $0 $0
Winnie Wong (Trustee) $0 $0 $0
Will Anderson (Treasurer) $0 $0 $0
Christopher Chou (Trustee) $0 $0 $0
Anthony Chiu (Secretary) $0 $0 $0
Simon Kim (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,044,701
Expenses
$9,622,742
Net Income
$8,421,959
Net Assets
$14,907,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,127,698
45.0%
Program Services $4,383,003
24.3%
Investment Income $2,000
0.0%
Bond Proceeds $0
Royalties $5,532,000
30.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $98,800
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,117,257
11.6%
Assets/Debt
Total Assets $23,403,935
Total Liabilities $8,496,003
Net Assets $14,907,932
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tracy Davis (President) $64,800 $0 $0
Ginturn Tran (Vice President) $34,000 $0 $0
Andrew T Lin (Chairman) $0 $0 $0
Michael Moon (Treasurer) $0 $0 $0
Winnie Wong (Trustee) $0 $0 $0
Will Anderson (Trustee) $0 $0 $0
Christopher Chou (Trustee) $0 $0 $0
Anthony Chiu (Secretary) $0 $0 $0
Simon Kim (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,739,800
Expenses
$5,512,168
Net Income
$6,227,632
Net Assets
$6,899,117
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,945,894
59.2%
Program Services $4,791,906
40.8%
Investment Income $2,000
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $191,680
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $638,493
11.6%
Assets/Debt
Total Assets $8,571,929
Total Liabilities $1,672,812
Net Assets $6,899,117

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,294,060
Expenses
$9,910,716
Net Income
$2,383,344
Net Assets
$8,198,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,702,719
62.7%
Program Services $4,519,545
36.8%
Investment Income $71,796
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $148,200
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,220,299
22.4%
Assets/Debt
Total Assets $9,370,594
Total Liabilities $1,172,098
Net Assets $8,198,496

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,080,401
Expenses
$2,071,292
Net Income
$9,109
Net Assets
$510,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,062,920
51.1%
Program Services $1,017,481
48.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $148,800
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $208,348
10.1%
Assets/Debt
Total Assets $843,866
Total Liabilities $333,295
Net Assets $510,571

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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