Olivet Nazarene University Foundation

Public charity · Grantmaker Bourbonnais, IL EIN: 23-7063419

Receive, administer, and expend funds for religious, educational, charitable, and scientific purposes in connection with promoting and assisting the educational services of olivet nazarene university.

Key facts about Olivet Nazarene University Foundation

In short: Olivet Nazarene University Foundation gave $2.5M across 1 grant in 2025 (avg $2.5M), mostly in Illinois. Source: 2025 IRS Form 990.

EIN
23-7063419
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$2,474,202
Grants made (2025)
1
Average grant
$2,474,202
Median grant
$2,474,202
Total assets
$202,009,992
Primary geography
Illinois (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$202.0M

+4.8% YoY

Annual Giving

$2.5M

-0.9% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$2.5M

-0.9% YoY

About Olivet Nazarene University Foundation

Based on IRS filings

Olivet Nazarene University Foundation is a public charity focused on Education, based in Bourbonnais, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $202.0M in total assets. In 2025, it awarded 1 grant totaling $2.5M. Net investment income was $4.1M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Bourbonnais

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M0 grants2021 0 grants2022 0 grants2023 1 grant2024 1 grant2025

From 2024 to 2025, annual grant giving ranged from $2.5M (2025) to $2.5M (2024). In 2025 it made 1 grant totaling $2.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Olivet Nazarene University: $2.5MOlivet Nazarene University$2.5M

The largest 2025 recipient was Olivet Nazarene University ($2.5M).

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M2$1–5M$5M+

The most common grant size was in the $1–5M range: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Olivet Nazarene University Bourbonnais, ILOrganizational Support and Scholarships$2,474,202

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$202,009,992$192,802,068$193,042,077
Revenue$12,543,110$9,210,481$8,245,158
Expenses$6,072,632$6,360,038$6,071,171
Net Investment Income$4,066,123$1,640,449$4,520,361

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
  3. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Olivet Nazarene University Foundation is led by Gregg Chenoweth, President on every filing since 2021; none of the 27 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Gregg Chenoweth

    President

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Woody Webb

    Executive Director

    Vice President → Executive Director, 2024

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Mel Sayes

    Chairman

    On filings since 2021

    1 hr/week

    No compensation reported

  • Christopher Shride

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • David McCool

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • George Kalemkarian

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Harvey Gifford

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jeriel A. Beard

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Kevin Sims

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Richard Dykhouse

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • William Slattery

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Beth Pennington

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Don Walker

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • John Workman

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Mick McGraw

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Tim Crump

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jill Bowling

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Lowell Short

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Pamela Anderson

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Barry Huebner

    Secretary

    Director → Secretary, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Brian Allen

    Vice President Institutional Advancement

    Vice President → Vice President Institutional Advancement, 2024

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Dan Rexroth

    Vice Chairman

    On filings since 2021

    1 hr/week

    No compensation reported

  • Stephen Lowe

    Vice President of Academic Affairs

    Vice President → Vice President of Academic Affairs, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Marcus Reddy

    Vice President of Enrollment Management

    Vice President → Vice President of Enrollment Management, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jason Stephens

    Vice President of Student Development

    Vice President → Vice President of Student Development, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Matthew Foor

    Vice President for Finance & CFO

    Vice President Finance → Vice President for Finance & CFO, 2024

    On filings since 2023

    5 hrs/week

    No compensation reported

  • Robby Lalumendre

    Vice President of Operations

    Vice President Operations → Vice President of Operations, 2024

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (23)
  • Former: David Pickering (2021–2023) — Vice President
  • Former: David VanHeemst (2021–2023) — Chair & Dept of His
  • Former: Jay Martinson (2021–2023) — Dean Online Learn
  • Former: Joyce E Burggraf (2021–2023) — Director
  • Former: Amber Residori (2022–2023) — Dean Co of Pro St
  • Former: Dennis Seymour (2023) — Director of It
  • Former: Jeffery Stark (2023) — Director Grad Pr Stcm
  • Former: Donald Dreisbach (2021–2022) — Director
  • Former: Julian Jarvis (2021–2022) — Director
  • Former: Kathleen Lueckeman (2021–2022) — Chief Strategic of
  • Former: Ryan Spittal (2021–2022) — Vice President
  • Former: Samuel Mayhugh (2021–2022) — Director
  • Former: Larry Murphy (2022) — Professor
  • Former: Ron Blake (2022) — Director
  • Former: Carol Summers (2021) — Vice President
  • Former: David L Miller (2021) — Director
  • Former: John Bowling (2021) — President
  • Former: Jonathan Pickering (2021) — Dean of Acad Op
  • Former: Kristy Ingram (2021) — Dean & Cae
  • Former: Phyllis McSwaim (2021) — Director
  • Former: Richard McHie (2021) — Director
  • Former: Ron Hyson (2021) — Executive Director
  • Former: Scott Sherwood (2021) — Director

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Olivet Nazarene University Foundation

How much does Olivet Nazarene University Foundation give each year?

Olivet Nazarene University Foundation gave $2.5M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.5M across 1 grant.

How large is Olivet Nazarene University Foundation?

Olivet Nazarene University Foundation reported $202.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $12.5M.

What is Olivet Nazarene University Foundation?

Olivet Nazarene University Foundation is a public charity focused on Education, based in Bourbonnais, IL. It holds $202.0M in total assets as of 2025.

Where does Olivet Nazarene University Foundation operate?

Olivet Nazarene University Foundation has awarded grants in Illinois.

What is Olivet Nazarene University Foundation's EIN?

Olivet Nazarene University Foundation's EIN (Employer Identification Number) is 23-7063419. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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