Overview
What is Olivet Nazarene University Foundation?
Olivet Nazarene University Foundation is a nonprofit organization located in Bourbonnais, Illinois, at 387 S Main St. Their primary objective is to provide financial assistance to 987 students of Olivet Nazarene University through earnings from endowments and recent donations. The foundation's mission extends beyond financial aid, as it is also devoted to administering and distributing funds for religious, educational, charitable, and scientific purposes that support and strengthen the educational services offered by Olivet Nazarene University.
Is Olivet Nazarene University Foundation legitimate?
Olivet Nazarene University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olivet Nazarene University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,428
For more financial information, click here
What is the mission statement of Olivet Nazarene University Foundation?
The Olivet Nazarene University Foundation's mission involves receiving, managing, and distributing funds for religious, educational, charitable, and scientific pursuits. This is done with the objective of supporting and enhancing the educational services provided by Olivet Nazarene University. The foundation provides scholarships to a substantial number of students, utilizing earnings from its endowment and recent donations to Olivet Nazarene University.
Who is the CEO of Olivet Nazarene University Foundation?
Dr Gregg Chenoweth is the President of Olivet Nazarene University Foundation.
What is the revenue of Olivet Nazarene University Foundation?
Olivet Nazarene University Foundation's revenue in 2022 was $9,125,280.
Who are the executives of Olivet Nazarene University Foundation and what are their salaries?
There 35 volunteers at Olivet Nazarene University Foundation.
Here are 32 key members and their salaries:
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- Other: $39,684
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- Other: $27,362
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- Other: $19,286
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- Other: $26,844
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- Other: $26,926
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- Related: $155,837
- Other: $18,054
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- Related: $129,233
- Other: $24,536
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- Related: $129,142
- Other: $7,015
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- Related: $123,946
- Other: $7,734
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- Related: $111,623
- Other: $19,286
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- Related: $84,972
- Other: $20,395
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Where can I find the form 990 for Olivet Nazarene University Foundation?
Olivet Nazarene University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olivet Nazarene University Foundation
The Olivet Nazarene University Foundation's mission is centered around receiving, managing, and distributing funds for religious, educational, charitable, and scientific endeavors. This mission is geared towards supporting and enhancing the educational services offered by Olivet Nazarene University. The foundation's primary role is to provide financial assistance to deserving students, with funds coming from both endowment earnings and recent donations to the university. By doing so, the Olivet Nazarene University Foundation contributes significantly to the academic pursuits of 987 students, thus playing a vital part in their educational journey.
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Impact
October, 2024
Olivet Nazarene University Foundation plays a vital role in enhancing educational opportunities at Olivet Nazarene University. By receiving, administering, and expending funds for religious, educational, charitable, and scientific purposes, the foundation directly supports the university's mission. Its impact is evident through the provision of scholarships to 987 students, enabling them to pursue their academic goals and fostering a supportive learning environment. The foundation's efforts contribute significantly to the overall educational services provided at Olivet Nazarene University, promoting not only individual growth but also strengthening the community in Bourbonnais, Illinois.
This information is meant to be a general summary of Olivet Nazarene University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,808,097
- Gross Receipts: $24,546,411
Assets and Liabilities:
- Total Assets: $189,458,744
- Total Liabilities: $137,713,836
- Net Assets: $51,744,908
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Organization Details
Founding Year
1969
Phone
(815) 939-5080Principal Officer
Dr Gregg Chenoweth
Main Address
387 S Main St, Bourbonnais, IL, 60914
NTEE Category
Code: B42I - Education
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