OLIVET NAZARENE UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

OLIVET NAZARENE UNIVERSITY FOUNDATION

EIN 23-7063419 · Education (B42I)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

41.14%of revenue went to mission work85.0% of expenses · Program services

$48.41spent for every $100 of revenueRevenue covered expenses this year.

7.27%of revenue went to management and office costs15.0% of expenses

$33.27in assets for every $1 spent this yearSome assets cannot be spent right away.

46.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $157,499 for DR GREGG CHENOWETH (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,543,110

Mission workProgram services$5,160,60341.14% of revenue85.0% of expenses

ManagementOffice and general costs$912,0297.27% of revenue15.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$6,470,47851.59% of revenueShown in gray on the chart

Total expenses$6,072,63248.41% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.0% mission · 15.0% management · 0.0% fundraisingTotal expenses: 48.41% of revenue

2023Expense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 69.05% of revenue

2022Expense mix: 39.5% mission · 60.5% management · 0.0% fundraisingTotal expenses: 73.63% of revenue

2021Expense mix: 34.6% mission · 65.4% management · 0.0% fundraisingTotal expenses: 64.69% of revenue

2020Expense mix: 35.3% mission · 64.7% management · 0.0% fundraisingTotal expenses: 54.30% of revenue

2019Expense mix: 33.6% mission · 66.4% management · 0.0% fundraisingTotal expenses: 75.82% of revenue

2018Expense mix: 30.0% mission · 70.0% management · 0.0% fundraisingTotal expenses: 58.50% of revenue

2017Expense mix: 30.3% mission · 69.7% management · 0.0% fundraisingTotal expenses: 50.37% of revenue

Money in and money out

Revenue$12,543,110

Expenses$6,072,632

Annual surplus $6,470,478 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,160,603 · 85.0% of expenses

Management and office costs$912,029 · 15.0% of expenses

See all reported dollar amounts

Revenue$12,543,110

Expenses$6,072,632

Assets$202,009,992

Income$20,859,811

Contributions$5,847,631

Mission work (program services)$5,160,603

Grants given$4,971,326

Average grant$2,485,663

Management and general$912,029

Stocks and bonds$51,802,872

Accounting fees$16,250

Investing fees$258,435

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR GREGG CHENOWETHPRESIDENT · 5 hrs/week $157,499Base · Other $157,499

MR WOODY WEBBEXECUTIVE DIRECTOR · 5 hrs/week $84,554Base · Other $84,554

MR MARCUS REDDYVP OF ENROLLMENT MANAGEMENT · 1 hrs/week $63,801Base · Other $63,801

MR ROBBY LALUMENDREVP OF OPERATIONS · 1 hrs/week $31,917Base · Other $31,917

MR JASON STEPHENSVP OF STUDENT DEVELOPMENT · 1 hrs/week $31,865Base · Other $31,865

MR MATTHEW FOORVICE PRESIDENT FOR FINANCE, CFO · 5 hrs/week $30,047Base · Other $30,047

DR STEPHEN LOWEVP OF ACADEMIC AFFAIRS · 1 hrs/week $24,669Base · Other $24,669

DR BRIAN ALLENVP INSTITUTIONAL ADVANCEMENT · 5 hrs/week $22,141Base · Other $22,141

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

DR GREGG CHENOWETHPRESIDENT

MR WOODY WEBBEXECUTIVE DIRECTOR

MR MARCUS REDDYVP OF ENROLLMENT MANAGEMENT

MR ROBBY LALUMENDREVP OF OPERATIONS

MR JASON STEPHENSVP OF STUDENT DEVELOPMENT

MR MATTHEW FOORVICE PRESIDENT FOR FINANCE, CFO

DR STEPHEN LOWEVP OF ACADEMIC AFFAIRS

DR BRIAN ALLENVP INSTITUTIONAL ADVANCEMENT

MS PAMELA ANDERSONDIRECTOR

MRS JILL BOWLINGDIRECTOR (PART YEAR)

MRS BETH PENNINGTONDIRECTOR

MR TIM CRUMPDIRECTOR

MR RICHARD DYKHOUSEDIRECTOR

MR MICK MCGRAWDIRECTOR

MR MEL SAYESCHAIRMAN

MR LOWELL SHORTDIRECTOR

MR KEVIN SIMSDIRECTOR

MR JOHN WORKMANDIRECTOR

MR JERIEL A BEARDDIRECTOR

MR HARVEY GIFFORDDIRECTOR

MR GEORGE KALEMKARIANDIRECTOR

MR DON WALKERDIRECTOR

MR DAVID MCCOOLDIRECTOR (PART YEAR)

MR DAN REXROTHVICE CHAIRMAN

MR CHRISTOPHER SHRIDEDIRECTOR

MR BARRY HUEBNERSECRETARY

DR WILLIAM SLATTERYDIRECTOR

About this charity

Recognized since: January 1970
Location: 160 W RIVER ST, BOURBONNAIS, IL 60914-1835
County: Kankakee
In care of: MATTHEW FOOR
Primary officer: MATTHEW FOOR, VICE PRESIDENT FOR FINANCE,CFO

How to reach them

Phone(815) 939-5079

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CRI CAPIN CROUSE ADVISORS LLC
NTEE classification: Education (B42I)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes