MOUNT VERNON NAZARENE UNIVERSITY Charity Report

Public IRS 990 nonprofit record

MOUNT VERNON NAZARENE UNIVERSITY

EIN 31-0725957 · Education (B430)

What they do

Mount Vernon Nazarene University is An Accredited Four-year Liberal Arts University That Confers Two- and Four-year Degrees and Graduate Degrees In A Variety of Academic Disciplines. In Addition, It Provides Logistical Support for The Educational and Theological Efforts of The Church of The Nazarene and Other Like-minded Religious and Educational Organizations.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.90 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 leaders39 people are listed in the latest report.

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

Money made simple

90.37%of revenue went to mission work86.9% of expenses · Program services

1.61%of revenue went to fundraising1.5% of expenses

$103.97spent for every $100 of revenueSpending was higher than revenue this year.

11.99%of revenue went to management and office costs11.5% of expenses

$1.37in assets for every $1 spent this yearSome assets cannot be spent right away.

8.1%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.

Worth asking: Expenses exceeded revenue by $2,745,867 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $328,199 for CARSON CASTLEMAN (PRESIDENT, CEO). 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$69,234,477

Mission workProgram services$62,566,06090.37% of revenue86.9% of expenses

ManagementOffice and general costs$8,300,28711.99% of revenue11.5% of expenses

FundraisingAsking for donations$1,113,9971.61% of revenue1.5% of expenses

Total expenses$71,980,344103.97% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 86.9% mission · 11.5% management · 1.5% fundraisingTotal expenses: 103.97% of revenue

2023Expense mix: 77.9% mission · 20.3% management · 1.8% fundraisingTotal expenses: 106.94% of revenue

2022Expense mix: 90.4% mission · 7.4% management · 2.2% fundraisingTotal expenses: 98.69% of revenue

2021Expense mix: 89.3% mission · 8.7% management · 2.0% fundraisingTotal expenses: 101.97% of revenue

2020Expense mix: 89.9% mission · 8.2% management · 1.9% fundraisingTotal expenses: 87.32% of revenue

2019Expense mix: 90.3% mission · 7.8% management · 1.8% fundraisingTotal expenses: 98.25% of revenue

2018Expense mix: 90.7% mission · 7.4% management · 1.9% fundraisingTotal expenses: 97.51% of revenue

2017Expense mix: 90.8% mission · 7.7% management · 1.5% fundraisingTotal expenses: 97.94% of revenue

Money in and money out

Revenue$69,234,477

Expenses$71,980,344

Annual shortfall $2,745,867 Expenses were higher than revenue 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)$62,566,060 · 86.9% of expenses

Management and office costs$8,300,287 · 11.5% of expenses

Fundraising$1,113,997 · 1.5% of expenses

See all reported dollar amounts

Revenue$69,234,477

Expenses$71,980,344

Assets$98,370,027

Income$85,192,414

Contributions$5,606,062

Mission work (program services)$62,566,060

Fundraising$1,113,997

Grants given$174,902

Average grant$34,980

Management and general$8,300,287

Stocks and bonds$33,314,495

Accounting fees$73,235

Investing fees$113,073

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

CARSON CASTLEMANPRESIDENT, CEO · 40 hrs/week $328,199Base $293,309 · Other $34,890

SCOTT L CAMPBELLVP FOR FINANCE, CFO (THRU 1-2025) · 40 hrs/week $163,771Base $138,058 · Other $25,713

ERIC STETLER IIIVP OF ACADEMIC AFFAIRS · 40 hrs/week $163,126Base $129,085 · Other $34,041

AMY KOVACHVP FOR ACADEMIC AFFAIRS, CAO (THRU 1-2025) · 40 hrs/week $147,965Base $125,769 · Other $22,196

JOSE OOMMEN KOCKALUMMOOTTILPROFESSOR OF ELECTRICAL & COMPUTER ENGINEERING · 40 hrs/week $129,045Base $100,116 · Other $28,929

JOHNNA VANOVERVP OF UNIVERSITY MARKETING & CAPS ENROLLMENT · 40 hrs/week $128,875Base $114,007 · Other $14,868

STEPHEN SPRAKERVP FOR STUDENT LIFE · 40 hrs/week $128,207Base $100,880 · Other $27,327

KEVIN CHANEYDIRECTOR OF ACADEMIC AND CURRICULUM SERVICES · 40 hrs/week $104,983Base $103,121 · Other $1,862

STEVE STORCKINTERIM CFO · 40 hrs/week $36,000

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 (39)

CARSON CASTLEMANPRESIDENT, CEO

SCOTT L CAMPBELLVP FOR FINANCE, CFO (THRU 1-2025)

ERIC STETLER IIIVP OF ACADEMIC AFFAIRS

AMY KOVACHVP FOR ACADEMIC AFFAIRS, CAO (THRU 1-2025)

JOSE OOMMEN KOCKALUMMOOTTILPROFESSOR OF ELECTRICAL & COMPUTER ENGINEERING

JOHNNA VANOVERVP OF UNIVERSITY MARKETING & CAPS ENROLLMENT

STEPHEN SPRAKERVP FOR STUDENT LIFE

KEVIN CHANEYDIRECTOR OF ACADEMIC AND CURRICULUM SERVICES

STEVE STORCKINTERIM CFO

ROBERT S MAHAFFEYMEMBER, BOARD OF TRUSTEES

LARRY J HAMMONDSECRETARY, BOARD OF TRUSTEES

LAURA E CROUCHMEMBER, BOARD OF TRUSTEES

MARK MADDUXMEMBER, BOARD OF TRUSTEES

PAIGE M GRAVESMEMBER, BOARD OF TRUSTEES

PHILLIP E GRATEMEMBER, BOARD OF TRUSTEES

ROBERT J MAHAFFEYVICE-CHAIR, BOARD OF TRUSTEES

WENDELL D BROWNMEMBER, BOARD OF TRUSTEES

RUSSELL T BAILEYMEMBER, BOARD OF TRUSTEES

SAMUEL S BARBERMEMBER, BOARD OF TRUSTEES

ANDREW J MONNINMEMBER, BOARD OF TRUSTEES

TERRY R BLOSSERMEMBER, BOARD OF TRUSTEES (BEG 8-2024)

THOMAS G MESSENGERMEMBER, BOARD OF TRUSTEES (THRU 8-2024)

CATHY M MANSONMEMBER, BOARD OF TRUSTEES (THRU 8-2024)

KIMBERLY A STOCKMEMBER, BOARD OF TRUSTEES (BEG 8-2024)

KATHY G GREENICHMEMBER, BOARD OF TRUSTEES

KARI D TAYLORMEMBER, BOARD OF TRUSTEES

ADAM M CARRMEMBER, BOARD OF TRUSTEES

JAMES D RADCLIFFEMEMBER, BOARD OF TRUSTEES (THRU 1-2025)

J KEVIN DENNISMEMBER, BOARD OF TRUSTEES

BRET M LAYTONMEMBER, BOARD OF TRUSTEES

EDWARD L ESTEPMEMBER, BOARD OF TRUSTEES (BEG 10-2024)

EDWARD J PHILLIPSCHAIRPERSON, BOARD OF TRUSTEES

DWAYNE P MILLSMEMBER, BOARD OF TRUSTEES

DOUGLAS W BOQUISTMEMBER, BOARD OF TRUSTEES

DOUGLAS S WYATTMEMBER, BOARD OF TRUSTEES

DAVID B LUTZMEMBER, BOARD OF TRUSTEES

DAVID WILSONINTERIM TRANSITIONAL LEADER (THRU 9-2024)

COLLEEN DERRVP FOR ACADEMIC AFFAIRS, CAO (BEG 2-2025)

CHRISTOPHER M WEGHORSTMEMBER, BOARD OF TRUSTEES

About this charity

Recognized since: January 1963
Location: 800 MARTINSBURG RD, MOUNT VERNON, OH 43050-9509
County: Knox
In care of: Michaelia Black
Primary officer: Michaelia Black, VP for Finance, CFO

How to reach them

WebsiteVisit the charity’s website Phone(740) 397-9000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes