Olivet Nazarene University
89% goes to programs $29 to raise $100 Strong reserves
Olivet Nazarene University is a 501(c)(3) organization based in Bourbonnais, Illinois, registered in 1948, with $134,049,375 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
1 University Ave, Bourbonnais, IL, 60914 EIN 36-2191252 Since 1948
Revenue (FY2023)
$134.0M
▼ 9.8% vs prior year
Education median: $200K
Expenses (FY2023)
$136.6M
Net assets
$113.0M
Employees
1,833
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating89% to programs · $29 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 Olivet Nazarene University: 89% to programs · $29 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · -2% 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 Olivet Nazarene University: 10 mo reserves · -2% margin earns a A 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 Olivet 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 Olivet Nazarene University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Academic support- awarding financial aid to eligible students.
Auxiliary enterprises- providing dormitories, cafeteria, campus communications, and conference income for students and others.
Contact & location
- Address
- 1 University Ave, Bourbonnais, IL, 60914
- City
- Bourbonnais
- State
- Illinois
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $130.2M (FY2013) to $134.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $128.9MNet assets $113.0M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$241.9M
Total liabilities
$128.9M
Net assets
$113.0M
Salaries & benefits
$44.5M
33% of expenses
Board members
62
57 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $134,049,375▼9.8% | $136,553,343▼4.2% | $112,981,037▲0.7% | $241,892,889▼4.1% | 990 |
| 2022 | $148,624,413▲4.5% | $142,538,178▼0.8% | $112,158,355▲9.2% | $252,143,166▲3.5% | 990 |
| 2021 | $142,248,844▼1.4% | $143,704,720▲2.6% | $102,722,165▼6.3% | $243,527,041▼2.9% | 990 |
| 2020 | $144,202,716▼0.8% | $140,079,343▼6.5% | $109,637,055▲7.7% | $250,852,191▲2.5% | 990 |
| 2019 | $145,296,157▼3.3% | $149,885,601▼0.6% | $101,757,689▼5.6% | $244,849,406▼0.9% | 990 |
| 2018 | $150,236,873▼2.1% | $150,780,575▼0.2% | $107,818,222▲0.9% | $247,165,550▼0.8% | 990 |
| 2017 | $153,470,459▲0.7% | $151,147,124▼5.2% | $106,873,843▲3.0% | $249,126,089▲0.1% | 990 |
| 2016 | $152,434,576▲5.6% | $159,488,086▲6.9% | $103,794,856▼6.4% | $248,817,087▲9.2% | 990 |
| 2015 | $144,395,314▲2.0% | $149,230,185▲6.4% | $110,920,361▼4.2% | $227,796,115▼2.5% | 990 |
| 2014 | $141,627,397▲8.8% | $140,247,606▲10.5% | $115,759,071▲1.2% | $233,563,450▼1.2% | 990 |
| 2013 | $130,150,886 | $126,889,146▲11.6% | $114,367,946▲2.9% | $236,485,061▲2.2% | 990 |
| 2012 | — | $113,735,154▲6.8% | $111,094,994▲1.6% | $231,375,827▲11.1% | 990 |
| 2011 | — | $106,475,358▲6.3% | $109,309,351▲3.9% | $208,289,045▲3.9% | 990 |
| 2010 | — | $100,174,158▲13.3% | $105,174,404▲1.3% | $200,467,888▲19.7% | 990 |
| 2009 | — | $88,395,066 | $103,851,107 | $167,406,851 | 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 (FY2023)
Highest-paid: Dr Gregg Chenoweth — $265,165 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Gregg Chenoweth | President | 40 | $265,165 |
| Dr Brian Allen | Vp For Institutional Advancement | 40 | $160,154 |
| Dr Stephen Lowe | Vp of Academic Affairs | 40 | $155,220 |
| Dr David Vanheemst | Chair, History & Political Science | 50 | $145,855 |
| Dr Jay Martinson | Dean Online Learning | 50 | $139,828 |
| Mr Matthew Foor | Vice President For Finance, Cfo | 45 | $137,494 |
| Mr Robby Lalumendre | Vp of Operations | 45 | $136,384 |
| Dr Lance Kilpatrick | Dean of Education | 50 | $136,206 |
| Mr Jason Stephens | Vp of Student Development | 40 | $133,978 |
| Dr Kelly Brown | Prof Ug & Grad Ed | 50 | $132,143 |
| Dr Amber Residori | Dean of the College of Professional Studies | 50 | $130,932 |
| Mr Marcus Reddy | Vp of Enrollment Management | 40 | $121,759 |
| Dr David Bartley | Trustee | 1 | $5,400 |
| Dr Stacey Schmidt | Trustee | 1 | $2,100 |
| Dr Bill Clark Jr | Trustee | 1 | — |
| Dr Cheryl Betz | Trustee | 1 | — |
| Dr Cynthia Vansteenbur | Trustee (part Year) | 1 | — |
| Dr Jeffery Crowder | Trustee | 1 | — |
| Dr Larry Mckain | Trustee | 1 | — |
| Dr Mark Davisson Md | Trustee (part Year) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo | Food Service | $7,393,937 |
| Psi General Contractor | Contractor Services | $2,941,462 |
| 989 Group LLC | Marketing Services | $1,573,923 |
| Glade Plumbing Heating Co | Contractor Services | $1,348,777 |
| Ellucian LP | Software Services | $942,774 |
Grants received · $10.1M total
82 grants to Olivet Nazarene University totaling $10.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Colleges and universities | 2024 | $600,075 |
| Riverside Medical Center | Sponsorship | 2024 | $32,000 |
| American Endowment Foundation | Educational | 2024 | $13,500 |
| American Online Giving Foundation Inc | General support | 2024 | $11,956 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,688 |
| Greater Horizons | Education | 2024 | $8,306 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $601,810 |
| National Christian Charitable Foundation | Growth | 2023 | $423,750 |
| Riverside Medical Center | Sponsorship | 2023 | $57,000 |
| Christian Community Foundation Inc | Scholarship fund support | 2023 | $52,000 |
| Donor Advised Charitable Giving | Education | 2023 | $33,370 |
| Presence St Marys Hospital Presence Central and Suburban Hospitals Net | Olivet nazarene athletic program sponsorship | 2023 | $30,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $21,000 |
| American Online Giving Foundation Inc | General support | 2023 | $20,523 |
| American Endowment Foundation | Educational | 2023 | $20,000 |
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Frequently asked questions
- Is Olivet Nazarene University a legitimate nonprofit?
- Yes. Olivet Nazarene University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2191252, based in Bourbonnais, Illinois. Donations are tax-deductible.
- What is Olivet Nazarene University's EIN?
- Olivet Nazarene University's Employer Identification Number (EIN) is 36-2191252.
- How much revenue does Olivet Nazarene University report?
- Olivet Nazarene University reported $134,049,375 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Olivet Nazarene University's spending goes to programs?
- Olivet Nazarene University spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Olivet Nazarene University have?
- CharityIndex grades Olivet Nazarene University A, based on program efficiency and fundraising cost.
- How much does Olivet Nazarene University's highest-paid employee make?
- The highest reported compensation on Olivet Nazarene University's latest Form 990 is $265,165, paid to Dr Gregg Chenoweth (President).
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Data for Olivet Nazarene University (EIN 36-2191252) 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.