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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$101.0M
-3.7% YoY
Revenue
$60.9M
-7.5% YoY
Net Investment Income
$2.9M
+1.4% YoY
Expenses
$65.2M
+0.3% YoY
About Mount Vernon Nazarene University
Based on IRS filings
Mount Vernon Nazarene University is a nonprofit organization focused on Education, based in MOUNT VERNON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $101.0M in total assets. Net investment income was $2.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $101,004,988 | $104,873,942 | $102,841,076 |
| Revenue | $60,940,732 | $65,850,690 | $63,465,382 |
| Expenses | $65,171,011 | $64,990,645 | $64,716,074 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,915,498 | $2,873,936 | $1,715,392 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD J PHILLIPS | CHAIRPERSON, BOARD OF TRUSTEES | 3 | — |
| LARRY J HAMMOND | SECRETARY, BOARD OF TRUSTEES | 2 | — |
| ROBERT J MAHAFFEY | VICE-CHAIR, BOARD OF TRUSTEES | 2 | — |
| ADAM M CARR | MEMBER, BOARD OF TRUSTEES | 1 | — |
| ANDREW MONNIN | MEMBER, BOARD OF TRUSTEES (BEG 9-2023) | — | — |
| ANGELA CASTLEMAN | MEMBER, BOARD OF TRUSTEES (THRU 8-2023) | 1 | — |
| BRET M LAYTON | MEMBER, BOARD OF TRUSTEES | 1 | — |
| CATHY M MANSON | MEMBER, BOARD OF TRUSTEES | 1 | — |
| CHRISTOPHER WEGHORST | MEMBER, BOARD OF TRUSTEES | 1 | — |
| DARYL L BLANK | MEMBER, BOARD OF TRUSTEES (Thru 5-2024) | 1 | — |
| DAVID B LUTZ | MEMBER, BOARD OF TRUSTEES | 1 | — |
| DOUGLAS S WYATT | MEMBER, BOARD OF TRUSTEES | 1 | — |
| DOUGLAS W BOQUIST | MEMBER, BOARD OF TRUSTEES | 1 | — |
| DWAYNE P MILLS | MEMBER, BOARD OF TRUSTEES | 1 | — |
| J KEVIN DENNIS | MEMBER, BOARD OF TRUSTEES | 1 | — |
| JAMES D RADCLIFFE | MEMBER, BOARD OF TRUSTEES | 1 | — |
| KARI TAYLOR | MEMBER, BOARD OF TRUSTEES | 1 | — |
| KATHY G GREENICH | MEMBER, BOARD OF TRUSTEES | 1 | — |
| LAURA E CROUCH | MEMBER, BOARD OF TRUSTEES | 1 | — |
| MARK MADDUX | MEMBER, BOARD OF TRUSTEES | 1 | — |
| PAIGE GRAVES | MEMBER, BOARD OF TRUSTEES | 1 | — |
| PHILLIP E GRATE | MEMBER, BOARD OF TRUSTEES (BEG 11-2023) | 1 | — |
| ROBERT S MAHAFFEY | MEMBER, BOARD OF TRUSTEES | 1 | — |
| RUSSELL BAILEY | MEMBER, BOARD OF TRUSTEES | 1 | — |
| SAMUEL BARBER | MEMBER, BOARD OF TRUSTEES | 1 | — |
| THOMAS G MESSENGER | MEMBER, BOARD OF TRUSTEES | 1 | — |
| WENDELL D BROWN | MEMBER, BOARD OF TRUSTEES | 1 | — |
| AMY KOVACH | VP FOR ACADEMIC AFFAIRS, CAO | 40 | $131,444 |
| CARSON CASTLEMAN | PRESIDENT, CEO (BEG 10-2023) | 40 | $56,385 |
| DAVID WILSON | INTERIM TRANSITIONAL LEADER (THRU 9-2024) | 40 | $50,000 |
| SCOTT L CAMPBELL | VP FOR FINANCE, CFO | 40 | $131,820 |
| HENRY SPAULDING III | ASSOCIATE CAMPUS PASTOR (THRU 12-2024) | 40 | $104,657 |
| JAMES W SMITH | VP FOR UNIVERSITY RELATIONS (Thru 8-2024) | 40 | $119,157 |
| JUDY GREGG | ASSOCIATE PROFESSOR OF NURSING | 40 | $101,220 |
| MELANIE TIMMERMAN | PROFESSOR OF BUS & AVP IE | 40 | $100,704 |
| HENRY W SPAULDING | PRESIDENT, CEO (RETIRED 5-6-23) | 40 | $234,422 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mount Vernon Nazarene University?
Mount Vernon Nazarene University is a nonprofit organization focused on Education, based in MOUNT VERNON, OH. It holds $101.0M in total assets as of 2024.
How large is Mount Vernon Nazarene University?
As of 2024, Mount Vernon Nazarene University holds $101.0M in total assets with $60.9M in annual revenue.
Where does Mount Vernon Nazarene University operate?
Mount Vernon Nazarene University has awarded grants in Ohio.
What is Mount Vernon Nazarene University's EIN?
Mount Vernon Nazarene University's EIN (Employer Identification Number) is 31-0725957. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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