Mount Vernon Nazarene University
87% goes to programs $20 to raise $100 Strong reserves
Mount Vernon Nazarene University is a 501(c)(3) organization based in Mount Vernon, Ohio, registered in 1963, with $69,234,477 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
800 Martinsburg Rd, Mount Vernon, OH, 43050 EIN 31-0725957 Since 1963
Revenue (FY2024)
$69.2M
▲ 13.6% vs prior year
Education median: $200K
Expenses (FY2024)
$72.0M
Net assets
$88.5M
Employees
1,181
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $20 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mount Vernon Nazarene University: 87% to programs · $20 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating15 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mount Vernon Nazarene University: 15 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mount Vernon Nazarene University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mount Vernon Nazarene University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
The university provides logistical and facility support for like-minded religious and educational organizations. organizations historically served include the north central ohio district church of the nazarene, the national christian school athletic association, the ymca great lakes leaders training school, area primary and secondary schools, local first responder organizations and many others.
Contact & location
- Address
- 800 Martinsburg Rd, Mount Vernon, OH, 43050
- City
- Mount Vernon
- State
- Ohio
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $56.7M (FY2013) to $69.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.9MNet assets $88.5M
Operating margin
-4.0%
Spent more than it raised in the latest fiscal year.
Total assets
$98.4M
Total liabilities
$9.9M
Net assets
$88.5M
Salaries & benefits
$24.0M
33% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $69,234,477▲13.6% | $71,980,344▲10.4% | $88,461,918▼2.0% | $98,370,027▼2.6% | 990 |
| 2023 | $60,940,732▼7.5% | $65,171,011▲0.3% | $90,239,465▼2.7% | $101,004,988▼3.7% | 990 |
| 2022 | $65,850,690▲3.8% | $64,990,645▲0.4% | $92,704,280▲2.8% | $104,873,942▲2.0% | 990 |
| 2021 | $63,465,382▼9.6% | $64,716,074▲5.6% | $90,177,858▼6.4% | $102,841,076▼5.8% | 990 |
| 2020 | $70,192,718▲15.8% | $61,289,266▲2.9% | $96,351,107▲15.3% | $109,148,001▲7.7% | 990 |
| 2019 | $60,602,306▲5.5% | $59,542,938▲6.3% | $83,530,915▼0.1% | $101,311,381▲4.5% | 990 |
| 2018 | $57,452,734▲0.8% | $56,021,425▲0.3% | $83,599,023▲1.9% | $96,959,177▼1.0% | 990 |
| 2017 | $57,023,867▲1.7% | $55,849,314▲3.0% | $82,024,582▲2.5% | $97,976,778▲2.2% | 990 |
| 2016 | $56,085,136▲2.2% | $54,223,616▲6.5% | $80,028,537▲4.5% | $95,854,643▼0.8% | 990 |
| 2015 | $54,863,133▼1.7% | $50,890,613▼0.3% | $76,599,932▲4.8% | $96,625,538▲0.3% | 990 |
| 2014 | $55,793,573▼1.7% | $51,020,020▼0.5% | $73,093,392▲7.5% | $96,353,863▲5.6% | 990 |
| 2013 | $56,732,662 | $51,276,402▲2.2% | $68,016,909▲9.9% | $91,267,060▲7.7% | 990 |
| 2012 | — | $50,169,969▼2.3% | $61,891,035▲4.3% | $84,760,774▲14.4% | 990 |
| 2011 | — | $51,337,915▲4.6% | $59,325,061▼0.2% | $74,119,752▼1.4% | 990 |
| 2010 | — | $49,057,942▲4.2% | $59,439,309▲10.1% | $75,147,681▲9.3% | 990 |
| 2009 | — | $47,066,425 | $53,999,141 | $68,782,942 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Carson Castleman — $293,309 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carson Castleman | President, Ceo | 40 | $293,309 |
| Scott L Campbell | Vp For Finance, Cfo (thru 1-2025) | 40 | $138,058 |
| Eric Stetler III | Vp of Academic Affairs | 40 | $129,085 |
| Amy Kovach | Vp For Academic Affairs, Cao (thru 1-2025) | 40 | $125,769 |
| Johnna Vanover | Vp of University Marketing & Caps Enrollment | 40 | $114,007 |
| Kevin Chaney | Director of Academic and Curriculum Services | 40 | $103,121 |
| Stephen Spraker | Vp For Student Life | 40 | $100,880 |
| Jose Oommen Kockalummoottil | Professor of Electrical & Computer Engineering | 40 | $100,116 |
| Steve Storck | Interim Cfo | 40 | $36,000 |
| Adam M Carr | Member, Board of Trustees | 1 | — |
| Andrew J Monnin | Member, Board of Trustees | 1 | — |
| Bret M Layton | Member, Board of Trustees | 1 | — |
| Cathy M Manson | Member, Board of Trustees (thru 8-2024) | 1 | — |
| Christopher M Weghorst | Member, Board of Trustees | 1 | — |
| Colleen Derr | Vp For Academic Affairs, Cao (beg 2-2025) | 40 | — |
| David B Lutz | Member, Board of Trustees | 1 | — |
| David Wilson | Interim Transitional Leader (thru 9-2024) | 40 | — |
| Douglas S Wyatt | Member, Board of Trustees | 1 | — |
| Douglas W Boquist | Member, Board of Trustees | 1 | — |
| Dwayne P Mills | Member, Board of Trustees | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pioneer College Caterers | Food Services | $1,966,048 |
| 3 Enrollment Marketing | Marketing | $348,042 |
| Cdw Government Inc | It Services | $271,770 |
| Smartbug Operating LLC | Marketing | $255,934 |
| Martin Public Seating LLC | Consulting | $247,321 |
Grants received · $510K total
43 grants to Mount Vernon Nazarene University totaling $510K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $9,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $7,000 |
| American Online Giving Foundation Inc | General support | 2024 | $6,636 |
| Columbus Foundation | Education | 2023 | $55,800 |
| Donor Advised Charitable Giving | Education | 2023 | $33,600 |
| Ohio Child Care Resource and Referral Association | General support | 2023 | $22,920 |
| American Online Giving Foundation Inc | General support | 2023 | $11,191 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,550 |
| National Christian Charitable Foundation | Growth | 2023 | $5,196 |
| Ohio Child Care Resource and Referral Association | General support | 2022 | $76,400 |
| Columbus Foundation | Education | 2022 | $33,250 |
| American Online Giving Foundation Inc | General support | 2022 | $8,547 |
| National Christian Charitable Foundation | Growth | 2022 | $5,200 |
| National Christian Charitable Foundation | Growth | 2022 | $5,200 |
| Columbus Foundation | Education | 2021 | $33,400 |
Grants made · $117K in FY2020
1 grant totaling $117K in FY2020. All grants made by Mount Vernon Nazarene University →
| Recipient | Purpose | Amount |
|---|---|---|
| Knox County Foundation | Establishment of endowment for maintenance of university property | $116,610 |
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Frequently asked questions
- Is Mount Vernon Nazarene University a legitimate nonprofit?
- Yes. Mount Vernon Nazarene University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-0725957, based in Mount Vernon, Ohio. Donations are tax-deductible.
- What is Mount Vernon Nazarene University's EIN?
- Mount Vernon Nazarene University's Employer Identification Number (EIN) is 31-0725957.
- How much revenue does Mount Vernon Nazarene University report?
- Mount Vernon Nazarene University reported $69,234,477 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mount Vernon Nazarene University's spending goes to programs?
- Mount Vernon Nazarene University spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mount Vernon Nazarene University have?
- CharityIndex grades Mount Vernon Nazarene University A, based on program efficiency and fundraising cost.
- How much does Mount Vernon Nazarene University's highest-paid employee make?
- The highest reported compensation on Mount Vernon Nazarene University's latest Form 990 is $293,309, paid to Carson Castleman (President, Ceo).
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Data for Mount Vernon Nazarene University (EIN 31-0725957) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.