Located off Oak Road near the village of Evendale,[3] the mound is believed to have been built by members of the Adena or Hopewell peoples during the Woodland period.

[4]: 629 For many years, local legend held that the mound was the burial site of a historic Native American known as "Opekasit"; the legend lent itself to the milk-processing operation run by the mound's owners, which was known for many years as the Opekasit Dairy.

Having never been excavated, it is a prime example of a burial mound from the Woodland period.

Based on the excavation of similar mounds, it is expected that the Mathew Mound contains evidence of funerary practices such as grave goods and the remains of buried bodies.

[2] Because the mound is a potentially valuable archaeological site, it was listed on the National Register of Historic Places in 1975.