Olivet Nazarene University

Organization Overview

Olivet Nazarene University is located in Bourbonnais, IL. The organization was established in 1948. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Olivet Nazarene University employed 1,867 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivet Nazarene University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Olivet Nazarene University generated $142.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $143.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HIGH-QUALITY ACADEMIC INSTRUCTION FOR THE PURPOSE OF PERSONAL DEVELOPMENT, CAREER AND PROFESSIONAL READINESS, AND THE PREPARATION OF INDIVIDUALS FOR LIVES OF SERVICE TO GOD AND HUMANITY.

Describe the Organization's Program Activity:

ACADEMIC SUPPORT - AWARDING FINANCIAL AID TO ELIGIBLE STUDENTS.


INSTRUCTION OF STUDENTS IN A PROGRAM OF HIGHER EDUCATION.


AUXILLIARY ENTERPRISES - PROVIDING DORMATORIES, CAFETERIA, CAMPUS COMMUNICATIONS, AND CONFERENCE INCOME FOR STUDENTS AND OTHERS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Gregg Chenoweth
President
$199,304
Dr Ryan Spittal
Vice President
$173,694
Dr David Pickering
Vice President
$171,246
Dr Brian Allen
VP Inst Adv
$155,837
Kathleen Lueckeman
Chief Strategy Off
$155,435
Dr Walter Webb
VP Student Dev
$147,445

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo
Food Service
$6,865,232
Risk Management Foundation
Insurance
$990,408
Sandy Alexander Inc
Printing
$845,068
Ellucian Inc
Information Services
$1,135,124
989 Group Llc
Marketing
$1,386,440
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$40,485
Related organizations$365,612
Government grants $11,008,758
All other contributions, gifts, grants, and similar amounts not included above$8,274,363
Noncash contributions included in lines 1a–1f $184,667
Total Revenue from Contributions, Gifts, Grants & Similar$19,689,218
Total Program Service Revenue$119,767,579
Investment income $801,904
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $251,520
Net Gain/Loss on Asset Sales $908,895
Net Income from Fundraising Events -$69,675
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $142,248,844

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Olivet Nazarene University has recieved totaling $3,640.

Awarding OrganizationAmount
Foster And Maralee Overcash Scholarship Trust

Canton, IL

PURPOSE: SCHOLARSHIP FOR CANTON HIGH

$3,000
Edmond And Martha Lauer Scholarship Tr

Crawfordsville, IN

PURPOSE: SCHOLARSHIP FOR JENNA PIEMONS

$640
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$56,763,085
Earnings-$6,477,051
Net Contributions$3,704,468
Other Expense-$2,821,912
Ending Balance$51,168,590

Peer Organizations

Organization NameAssets
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Chicago, IL
$903,291,560
Loyola University Of Chicago
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$813,555,821
Marquette University
Milwaukee, WI
$679,500,550
Illinois Institute Of Technology
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$396,565,185
Butler University
Indianapolis, IN
$355,703,084
Drake University
Des Moines, IA
$252,974,293
Bradley University
Peoria, IL
$238,646,085
The Lutheran University Association Inc
Valparaiso, IN
$192,641,554
University Of Indianapolis
Indianapolis, IN
$207,052,087
Webster University
St Louis, MO
$161,315,329
Maryville University Of St Louis
St Louis, MO
$183,271,161
Roosevelt University
Chicago, IL
$160,424,797

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