2024-04-04T11:51:53-07:00 2023-06-30 263596611 BORSCHNACK PELLETIER & CO 200 E COURT ST STE 608 KANKAKEE IL 60901 990 2022-07-01 237063419 Olivet Nazarene University Foundation OLIV 8159395080 387 S Main St Bourbonnais IL 60914 Mr Matthew Foor Vice President 2024-03-21 true Mr Matthew Foor 999009999 true Dianne Schaafsma P01059913 8159331771 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 387 S Main St Bourbonnais IL 60914 15267549 false X N/A X 1969 IL Receive, administer, and expend funds for religious, educational, charitable, and scientific purposes in connection with promoting and assisting the educational services of Olivet Nazarene University. 21 17 0 35 0 3736327 3488429 0 5808097 4520361 -419144 236368 9125280 8245158 1667595 1883769 0 7428 9111 0 0 4227797 4178291 5902820 6071171 3222460 2173987 189458744 193042077 137713836 134114414 51744908 58927663 Receive, administer, and expend funds for religious, educational, charitable, and scientific purposes in connection with promoting and assisting the educational services of Olivet Nazarene University. false false 1883769 1883769 Provide scholarships to 1031 students from endowment earnings and current gifts to Olivet Nazarene Univ. 513666 Funds provided for educational programs, internships, and center for student success from endowment earnings and current gifts. 2397435 true true false false false false false false false true false false false true true false true true false false false false false false false false false false true true false false false false false false false false true false false false false true false false false true 43 0 true 0 false false false false false false false 0 false false false false false false false false false false X 21 17 true false false false false false false true true false false false true true true true true false false false X Matthew Foor 8159395079 One University Avenue Bourbonnais IL 60914 Dr Gregg Chenoweth President 5.00 40.00 X X 0 305037 40232 Dr David Pickering Vice President 5.00 40.00 X X 0 158742 31516 Dr Stephen Lowe Vice President 1.00 40.00 X 0 147650 30432 Dr Brian Allen Vice President 5.00 40.00 X 0 154955 19410 David VanHeemst Chair, Dept of His 0.00 50.00 0 139181 25615 Mr Woody Webb Vice President 5.00 40.00 X 0 124868 28495 Dr Jay Martinson Dean Online Learn 0.00 50.00 0 120843 27632 Mr Jeffery Stark Dir Grad Pr STCM 0.00 50.00 0 124655 23666 Mr Robby Lalumendre VP Operations 1.00 45.00 X 0 107109 26561 Dr Amber Residori Dean Co of Pro St 0.00 50.00 0 123377 7734 Mr Marcus Reddy Vice President 2.00 40.00 X 0 105882 25086 Mr Dennis Seymour Director of IT 0.00 40.00 0 111090 16739 Mr Matthew Foor VP Finance 5.00 45.00 X 0 105520 7279 Mr Jason Stephens Vice President 0.00 40.00 X X 0 63243 11118 Mr Mel Sayes Chairman 1.00 0.00 X X 0 0 0 Mr Harvey Gifford Director 1.00 0.00 X 0 0 0 Tim Crump Director 1.00 0.00 X 0 0 0 Mr Richard Dykhouse Director 1.00 0.00 X 0 0 0 Dr Jeriel A Beard Director 1.00 0.00 X 0 0 0 Mr Mick McGraw Director 1.00 0.00 X 0 0 0 Mrs Beth Pennington Director 1.00 0.00 X 0 0 0 Mrs Joyce E Burggraf Director 1.00 0.00 X 0 0 0 Mr Don Walker Director 1.00 0.00 X 0 0 0 Mr John Workman Director 1.00 0.00 X 0 0 0 Mr Barry Huebner Director 1.00 0.00 X 0 0 0 Mr Christopher Shride Director 1.00 0.00 X 0 0 0 Rev David McCool Director 1.00 0.00 X 0 0 0 Mr Kevin Sims Director 1.00 0.00 X 0 0 0 Dr William Slattery Director 1.00 0.00 X 0 0 0 George Kalemkarian Director 1.00 0.00 X 0 0 0 Mr Dan Rexroth Vice Chairman 1.00 0.00 X 0 0 0 1892152 321515 0 false true false Fund Evaluation Group 201 East Fifth Street Cincinnati OH 45202 CIO 173396 1 3488429 159432 3488429 0 4099478 4099478 0 0 0 7443274 7022391 420883 420883 420883 0 0 0 Change in value of CRT 205785 205785 PV Adj to Annuities 30583 30583 Transfers from ONU 236368 8245158 4756729 0 1883769 1883769 0 0 0 0 9111 9111 0 0 0 0 0 13500 13500 0 0 173396 173396 4009 4009 8222 7962 260 10332 10332 19600 19600 0 -31 -31 15063 8838 6225 0 3431 3431 3024522 3024522 893997 465656 428341 0 0 Meals 7109 4089 3020 Membership Dues 3625 120 3505 Entry Fees 1516 149 1367 0 6071171 2397435 3673736 0 0 702058 357593 670430 614082 0 0 0 1470000 1470000 0 0 0 60494018 67439005 477605 550513 0 0 125644633 122610884 189458744 193042077 210826 56943 125628429 122757000 11874581 11300471 137713836 134114414 X 576318 1071383 51168590 57856280 51744908 58927663 189458744 193042077 2173987 5008768 X false true X true false X X 1 Olivet Nazarene University 362191252 2 false 0 0 1 0 true false false false false false false false false false false false false false false false true Part IV, Section B, Line 1: Explanation Of How Supported Orgs. Managed Actvities Board of Directors approved by Board of Trustees of ONU Part IV, Section B, Line 2: Providing Benefit Carried Out the Purposes of Supported Orgs. Funds support student scholarships and programs of ONU. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51168590 3480790 5590601 2383701 57856280 56763085 3704468 -6477051 2821912 51168590 44357215 3290914 10559188 1444232 56763085 41605322 3117498 1598966 1964571 44357215 36843555 3885407 2246317 1369957 41605322 true false false Accrued interest income 151779 Assets held under charitable trusts 4173504 Cash surrender value of life insurance Due from ONU 221601 Property held for investment 122610884 Annuities payable 1838173 Trust fund liabilities 9462298 11300471 13080530 5008768 5008768 8071762 173396 173396 8245158 5897775 5897775 173396 173396 6071171 Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib Organization serves as Trustee of Charitable Remainder Trusts. All assets are on the balance sheet. Earnings are excluded from the income statements. Part V, Line 4: Intended uses of the endowment fund. For scholarships or other educational programs administered by ONU. true 0 0 Scholarships to individuals 987 1883769 Grantmaker's Description of How Grants are Used Scholarship records awarded and maintained through joint efforts of Development, Registrar, and Financial Aid Offices. X X X X true true X X false false false false false false false true false David VanHeemst Chair, Dept of His 81188 670 57323 5683 19932 164796 Dr Brian Allen Vice President 150599 670 3686 10542 8868 174365 Dr David Pickering Vice President 165480 670 -7408 11584 19932 190258 Dr Gregg Chenoweth President 290000 670 14367 20300 19932 345269 Dr Stephen Lowe Vice President 150000 670 -3020 10500 19932 178082 Mr Woody Webb Vice President 122330 670 1868 8563 19932 153363 Part I, Line 1a: Relevant information in regards to selections on 1a. Travel for companions is covered under written policy. IF there is no business purpose, the amount is taxed to the employee.Various taxable benefits are grossed up to employees.Housing allowance is available for ministers in accordance with IRS regulations.President is required to live in University housing.The University pays for the President's house (owned by the University) to be cleaned.Country club dues are paid for the University President. Any business use is paid and documented. Personal use is reimbursed by employee. Part I, Line 7: Non-Fixed payments not listed above Occasional compensation may be merited for additional work. This is never based on results of operations or income of the University. X 14 159432 false false false Form 990, Part VI, Section B, Line 11b Prepared externally and reviewed by the VP for Finance for the Board Form 990, Part VI, Section B, Line 12c Questionnaire completed by members. Form 990, Part VI, Section C, Line 19 Copy kept in University Library. Also, available upon request. Olivet Nazarene University One University Avenue Bourbonnais IL 60914 362191252 Education IL 501 (c) 3 2 Type I NA false Charitable Remainder Trusts 16 387 S Main St Bourbonnais IL 60914 IL N/A false true false false true false false false false false true false false true false false false false true false Olivet Nazarene University d 122757000 FMV/Mortgage Olivet Nazarene University j 3024187 Int Sale/Leaseb Olivet Nazarene University m 428341 % of assets Olivet Nazarene University r 428341 Fund Programs