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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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