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Mount Olivet Home

Minneapolis, MN · EIN 41-0838344 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Mount Olivet Home reported $13.8 million in revenue and $12.0 million in expenses for calendar year 2024. Of every $100 it spent, $95.10 went to program services, $4.90 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 93.8% of the total. The highest compensation it reported for one person was $335,200 (ADMINISTRATOR). Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $14M

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

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
95.1%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
4.9%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
5.1%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
5.0%2.4%
Program service revenue share
Part VIII 2g ÷ 12
93.8%70.8%
Highest reported compensation
Part VII-A, columns D–F
$335,200$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.80%1.18%
People paid over $100,000
Part VII, line 2
06
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
16.26.9
Independent voting board members
Part VI 1a–1b
17 of 17100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$11M expenses · 100.0% of program spending · grants $11,821 · revenue $13M

Mount Olivet Home (moh) is a 92-bed semi-independent living facility featuring private rooms with private bathrooms. We also offer a secured memory care unit for residents coping with the early stages of memory loss, alzheimer's and other dementia-related illnesses. Residents furnish their rooms with favorite possessions. Residents are independent with activities of daily life, including dressing, grooming, eating, walking, transferring and toileting. Assistance with medication administration and bathing is available. Onsite vision, hearing, dental and podiatry services are also available.…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
ADMINISTRATOR
Officer, 1.00 hrs/week
$0$289,696$45,504$335,200
ASSOCIATE ADMINISTRATOR
Highest compensated employee, 1.00 hrs/week
$0$197,555$12,267$209,822
CONTROLLER
Officer, 1.00 hrs/week
$0$163,966$17,646$181,612
DIRECTOR OF NURSING
Highest compensated employee, 2.00 hrs/week
$0$154,089$2,706$156,795
REGISTERED NURSE
Highest compensated employee, 40.00 hrs/week
$0$120,013$10,555$130,568
ASSISTANT DIRECTOR OF FINANCE
Highest compensated employee, 40.00 hrs/week
$0$126,881$2,538$129,419

0 people received more than $100,000 in reportable compensation from Mount Olivet Home (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$14M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$14M$12M95.1%$16M$335,200
2023 ⓘ$13M$11M95.1%$14M$323,732
2022 ⓘ$12M$11M94.8%$12M$255,413
2021 ⓘ$10M$9.8M91.2%$12M$250,305
2020 ⓘ$10M$9.6M88.1%$11M$234,636
2019 ⓘ$9.8M$8.7M91.1%$9.8M$249,255

Governance answers, as filed

2024 · 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–1b17 · 17 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • 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 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5167
  • Volunteers Part I, line 620

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
ATOMIC DATA
It services
$226,075

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Mount Olivet Home totaling $17 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 Mount Olivet Home's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mount Olivet Home, you can publish a response that is linked from this page.

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Questions people ask

How much of Mount Olivet Home's spending goes to programs?

In calendar year 2024, Mount Olivet Home reported that 95.1% of its $12.0 million in expenses went to program services, 4.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Mount Olivet Home pay its top executive?

The largest total compensation Mount Olivet Home reported for one person in calendar year 2024 was $335,200, for the role of ADMINISTRATOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Mount Olivet Home get its money?

Of $13.8 million in revenue in calendar year 2024, 5.1% came from contributions and grants (including 5.0% from government grants) and 93.8% from program service revenue (Form 990, Part VIII).

Is Mount Olivet Home a registered charity?

The IRS lists EIN 41-0838344 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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

  • 2024: Form 990 for calendar year 2024, object 202513219349318331 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202442699349301709 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343079349301909 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243129349303094 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123159349300017 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033179349305573 · read the filing

All filings for EIN 41-0838344: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.