Olivet College

Also known as The University of Olivet

Olivet, MI · EIN 38-1459365 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Olivet College reported $45.3 million in revenue and $49.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.46 went to program services, $12.14 to management and general costs and $1.40 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.0% of the total. Revenue rose 20% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $49M

Program services$86.46 $43M
Management & general$12.14 $6.0M
Fundraising$1.40 $688K

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $45M

Contributions & grants (non-government)$7.82 $3.5M
Program service revenue$83.03 $38M
Investment income$9.04 $4.1M
Other revenue$0.11 $50,141

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	86.5%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	12.1%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	1.4%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.19	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	7.8%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	1.1%
Program service revenue share Part VIII 2g ÷ 12	83.0%	69.9%
Highest reported compensation Part VII-A, columns D–F	Not reported	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	Not reported	1.28%
People paid over $100,000 Part VII, line 2	0	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	8.8	13.3
Independent voting board members Part VI 1a–1b	31 of 31	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$17M expenses · 41.0% of program spending · grants $18M

Financial aid in various forms to assist individuals in financing their undergrauate education. 944 students benefitted

$9.7M expenses · 22.7% of program spending · revenue $7.9M

Non-educational events for students - co-curricular programs offered to students. This includes athletics and student life events to enhance the educational experience

$8.4M expenses · 19.8% of program spending · revenue $28M

Instruction and related support - providing a liberal arts undergraduate education. 851 undergraduate students enrolled in fiscal year 2024-25

$7.0M all other programs (line 4d)

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$45M	$49M	86.5%	$36M	—
FY2024 ⓘ	$43M	$47M	87.3%	$42M	$457,320
FY2023 ⓘ	$39M	$42M	88.3%	$43M	$403,733
FY2022 ⓘ	$41M	$40M	89.9%	$44M	$477,228
FY2021 ⓘ	$41M	$39M	89.7%	$48M	$305,484
FY2020 ⓘ	$38M	$39M	89.3%	$43M	$283,751

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b31 · 31 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14No
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18Yes
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5588
Volunteers Part I, line 631

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

CHARTWELLS DINING SERVICES Food service	$0
TL CONTRACTING Construction	$0
Presidio Networked Solutions Group LLC It technology	$0
GORDON CONSTRUCTIONS SERVICES Construction	$0
DK's Complete Home Improvement LLC Contractor	$0

Individuals listed as contractors are left out.

Private foundation grants it received

12 private foundations reported grants to Olivet College totaling $28,299 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Olivet College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Olivet College, you can publish a response that is linked from this page.

Report a correction Respond as Olivet College How this works

Similar-sized charities in this cause

Scholar Fund
Seattle, WA · revenue $45M · programs 94.1% · 2023
University of Health Sciences and Pharmacy in St Louis
Saint Louis, MO · revenue $45M · programs 86.5% · FY2025
Christendom Educational Corporation
Front Royal, VA · revenue $45M · programs 83.7% · FY2025
The High Desert Partnership in Academic Excellence Foundation
Apple Valley, CA · revenue $45M · programs 58.8% · FY2025
The Fessenden School
West Newton, MA · revenue $45M · programs 80.0% · FY2025

All education charities · Largest charities in Michigan

Questions people ask

How much of Olivet College's spending goes to programs?

In the fiscal year ending June 30, 2025, Olivet College reported that 86.5% of its $49.3 million in expenses went to program services, 12.1% to management and general and 1.4% to fundraising (Form 990, Part IX).

Where does Olivet College get its money?

Of $45.3 million in revenue in the fiscal year ending June 30, 2025, 7.8% came from contributions and grants and 83.0% from program service revenue (Form 990, Part VIII).

Is Olivet College a registered charity?

The IRS lists EIN 38-1459365 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349303995 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500659349301605 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400899349301105 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340409349301104 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230429349301213 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121189349300427 · read the filing

All filings for EIN 38-1459365: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.