Nonprofit · EIN 23-7063419
OLIVET NAZARENE UNIVERSITY FOUNDATION
Tax-exempt · BOURBONNAIS, IL 60914
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,543,110 | $6,072,632 | $6,470,478 | $202,009,992 | $120,011,505 | $81,998,487 |
| June 30, 2024 | 990 | $9,210,481 | $6,360,038 | $2,850,443 | $192,802,068 | $123,856,060 | $68,946,008 |
| June 30, 2023 | 990 | $8,245,158 | $6,071,171 | $2,173,987 | $193,042,077 | $134,114,414 | $58,927,663 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,847,631
- Program service revenue
- $2,629,356
- Investment income
- $4,066,123
- Net gain from sales of assets
- $2,643,322
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,474,202
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $16,250
- Travel
- $13,561
- Program services (functional)
- $5,160,603
- Management and general (functional)
- $912,029
Balance sheet and other
- Total assets, start of year
- $192,802,068
- Total assets, end of year
- $202,009,992
- Total liabilities, end of year
- $120,011,505
- Net assets, end of year
- $81,998,487
- Publicly traded securities
- $51,802,872
- Net assets without donor restrictions
- $1,380,700
- Net assets with donor restrictions
- $80,617,787
- Gross receipts
- $20,859,811
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1969
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR GREGG CHENOWETH | PRESIDENT Trustee or director, Officer | 5 | $0 | $265,472 | $157,499 |
| MR MARCUS REDDY | VP OF ENROLLMENT MANAGEMENT Officer | 1 | $0 | $122,288 | $63,801 |
| DR STEPHEN LOWE | VP OF ACADEMIC AFFAIRS Officer | 1 | $0 | $159,564 | $24,669 |
| DR BRIAN ALLEN | VP INSTITUTIONAL ADVANCEMENT Trustee or director, Officer | 5 | $0 | $158,621 | $22,141 |
| MR ROBBY LALUMENDRE | VP OF OPERATIONS Officer | 1 | $0 | $141,518 | $31,917 |
| MR MATTHEW FOOR | VICE PRESIDENT FOR FINANCE, CFO Trustee or director, Officer | 5 | $0 | $140,131 | $30,047 |
| MR JASON STEPHENS | VP OF STUDENT DEVELOPMENT Officer | 1 | $0 | $133,427 | $31,865 |
| MR WOODY WEBB | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 | $53,481 | $84,554 |
| MR MEL SAYES | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR DAN REXROTH | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR BARRY HUEBNER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR JERIEL A BEARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR TIM CRUMP | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR RICHARD DYKHOUSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR HARVEY GIFFORD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR GEORGE KALEMKARIAN | DIRECTOR Trustee or director | 1 | $0 |
| MR MICK MCGRAW | DIRECTOR Trustee or director | 1 | $0 |
| MRS BETH PENNINGTON | DIRECTOR Trustee or director | 1 | $0 |
| MR CHRISTOPHER SHRIDE | DIRECTOR Trustee or director | 1 | $0 |
| MR KEVIN SIMS | DIRECTOR Trustee or director | 1 | $0 |
| DR WILLIAM SLATTERY | DIRECTOR Trustee or director | 1 | $0 |
| MR DON WALKER | DIRECTOR Trustee or director | 1 | $0 |
| MR JOHN WORKMAN | DIRECTOR Trustee or director | 1 | $0 |
| MS PAMELA ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| MR LOWELL SHORT | DIRECTOR Trustee or director | 1 | $0 |
| MRS JILL BOWLING | DIRECTOR (PART YEAR) Trustee or director | 1 | $0 |
| MR DAVID MCCOOL | DIRECTOR (PART YEAR) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Gregg Chenoweth | President Trustee or director, Officer | 5 | $0 | $265,165 | $75,831 |
| Dr Stephen Lowe | VP of Academic Affairs Officer | 1 | $0 | $155,220 | $36,437 |
| Mr Matthew Foor | Vice President for Finance, CFO Trustee or director, Officer | 5 | $0 | $137,494 | $46,062 |
| Mr Marcus Reddy | VP of Enrollment Management Officer | 1 | $0 | $121,759 | $60,323 |
| Dr Brian Allen | VP Institutional Advancement Trustee or director, Officer | 5 | $0 | $160,154 | $20,433 |
| Mr Robby Lalumendre | VP of Operations Officer | 1 | $0 | $136,384 | $29,663 |
| Mr Woody Webb | Executive Director Trustee or director, Officer | 5 | $0 | $48,398 | $80,999 |
| Mr Barry Huebner | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Dan Rexroth | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Mel Sayes | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dr William Slattery | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Christopher Shride | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr David McCool | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Don Walker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr George Kalemkarian | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Harvey Gifford | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Jeriel A Beard | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr John Workman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Kevin Sims | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Mick McGraw | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Richard Dykhouse | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Tim Crump | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mrs Beth Pennington | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mrs Jill Bowling | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Gregg Chenoweth | President Trustee or director, Officer | 5 | $0 | $305,037 | $40,232 |
| Dr David Pickering | Vice President Trustee or director, Officer | 5 | $0 | $158,742 | $31,516 |
| Dr Stephen Lowe | Vice President Officer | 1 | $0 | $147,650 | $30,432 |
| Dr Brian Allen | Vice President Trustee or director | 5 | $0 | $154,955 | $19,410 |
| David VanHeemst | Chair, Dept of His | 0 | $0 | $139,181 | $25,615 |
| Mr Woody Webb | Vice President Officer | 5 | $0 | $124,868 | $28,495 |
| Dr Jay Martinson | Dean Online Learn | 0 | $0 | $120,843 | $27,632 |
| Mr Jeffery Stark | Dir Grad Pr STCM | 0 | $0 | $124,655 | $23,666 |
| Mr Robby Lalumendre | VP Operations Trustee or director | 1 | $0 | $107,109 | $26,561 |
| Dr Amber Residori | Dean Co of Pro St | 0 | $0 | $123,377 | $7,734 |
| Mr Marcus Reddy | Vice President Officer | 2 | $0 | $105,882 | $25,086 |
| Mr Dennis Seymour | Director of IT | 0 | $0 | $111,090 | $16,739 |
| Mr Matthew Foor | VP Finance Trustee or director | 5 | $0 | $105,520 | $7,279 |
| Mr Jason Stephens | Vice President Trustee or director, Officer | 0 | $0 | $63,243 | $11,118 |
| Mr Mel Sayes | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Harvey Gifford | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tim Crump | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Richard Dykhouse | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Jeriel A Beard | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Mick McGraw | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mrs Beth Pennington | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mrs Joyce E Burggraf | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Don Walker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr John Workman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Barry Huebner | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Christopher Shride | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rev David McCool | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Kevin Sims | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr William Slattery | Director Trustee or director | 1 | $0 | $0 | $0 |
| George Kalemkarian | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Dan Rexroth | Vice Chairman Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 160 W RIVER ST, BOURBONNAIS, IL 60914-1835
- Principal officer (990 for 2024)
- GREGG CHENOWETH, 160 W RIVER ST, BOURBONNAIS, IL 60914
- Signed the 990
- MATTHEW FOOR, VICE PRESIDENT FOR FINANCE,CFO
- Phone
- (815) 939-5079
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
Mission
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.
Program accomplishments
- FUNDS PROVIDED FOR EDUCATION PROGRAMS, INTERNSHIPS, AND CENTER STUDENT SUCCESS FROM ENDOWMENT EARNINGS AND CURRENT GIFTS, INCLUDING FUNDS FOR STUDENT SCHOLARSHIPS AT OLIVET NAZARENE UNIVERSITY.Expenses $5,160,603 · grants $2,474,202 · revenue $2,629,356
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7063419
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42I)
- Assets (IRS master file)
- $202,009,992
- Income (IRS master file)
- $20,859,811
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,543,110 | $6,072,632 | $202,009,992 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $9,210,481 | $6,360,038 | $192,802,068 | IRS |
| 990 | June 2023 | $8,245,158 | $6,071,171 | $193,042,077 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7063419).
Questions about OLIVET NAZARENE UNIVERSITY FOUNDATION
- What is the EIN of OLIVET NAZARENE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of OLIVET NAZARENE UNIVERSITY FOUNDATION is 23-7063419.
- Is OLIVET NAZARENE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to OLIVET NAZARENE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does OLIVET NAZARENE UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLIVET NAZARENE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLIVET NAZARENE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OLIVET NAZARENE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names GREGG CHENOWETH.
- Who are the officers and directors of OLIVET NAZARENE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does OLIVET NAZARENE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,543,110, expenses of $6,072,632 and total assets of $202,009,992 at year end.
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