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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$192.8M
-0.1% YoY
Annual Giving
$2.5M
Grant Count
1
Avg Grant Size
$2.5M
About Olivet Nazarene University Foundation
Based on IRS filings
Olivet Nazarene University Foundation is a nonprofit organization focused on Education, based in BOURBONNAIS, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $192.8M in total assets. In 2024, it awarded 1 grants totaling $2.5M. Net investment income was $1.6M.
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 | $192,802,068 | $193,042,077 | $189,458,744 |
| Revenue | $9,210,481 | $8,245,158 | $9,125,280 |
| Expenses | $6,360,038 | $6,071,171 | $5,902,820 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,640,449 | $4,520,361 | $5,808,097 |
| 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 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Olivet Nazarene University ($2,497,124).
| Recipient | Purpose | Amount |
|---|---|---|
| Olivet Nazarene University Bourbonnais, IL | Organizational Support and Scholarships | $2,497,124 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr Brian Allen | VP Institutional Advancement | 5 | — |
| Dr Gregg Chenoweth | President | 5 | — |
| Mr Barry Huebner | Secretary | 1 | — |
| Mr Dan Rexroth | Vice Chairman | 1 | — |
| Mr Matthew Foor | Vice President for Finance, CFO | 5 | — |
| Mr Mel Sayes | Chairman | 1 | — |
| Mr Woody Webb | Executive Director | 5 | — |
| Dr William Slattery | Director | 1 | — |
| Mr Christopher Shride | Director | 1 | — |
| Mr David McCool | Director | 1 | — |
| Mr Don Walker | Director | 1 | — |
| Mr George Kalemkarian | Director | 1 | — |
| Mr Harvey Gifford | Director | 1 | — |
| Mr Jeriel A Beard | Director | 1 | — |
| Mr John Workman | Director | 1 | — |
| Mr Kevin Sims | Director | 1 | — |
| Mr Mick McGraw | Director | 1 | — |
| Mr Richard Dykhouse | Director | 1 | — |
| Mr Tim Crump | Director | 1 | — |
| Mrs Beth Pennington | Director | 1 | — |
| Mrs Jill Bowling | Director | 1 | — |
| Dr Stephen Lowe | VP of Academic Affairs | 1 | — |
| Mr Marcus Reddy | VP of Enrollment Management | 1 | — |
| Mr Robby Lalumendre | VP of Operations | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Olivet Nazarene University Foundation?
Olivet Nazarene University Foundation is a nonprofit organization focused on Education, based in BOURBONNAIS, IL. It holds $192.8M in total assets as of 2024.
How large is Olivet Nazarene University Foundation?
As of 2024, Olivet Nazarene University Foundation holds $192.8M in total assets with $9.2M in annual revenue. It awarded 1 grants totaling $2.5M in 2024.
Where does Olivet Nazarene University Foundation operate?
Olivet Nazarene University Foundation has awarded grants in Illinois.
What size grants does Olivet Nazarene University Foundation award?
In 2024, Olivet Nazarene University Foundation awarded 1 grants totaling $2.5M — an average of about $2.5M per grant, based on its IRS Form 990 filings.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Olivet Nazarene University Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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