Overview
What is Olivet Nazarene University?
Olivet Nazarene University, located at One University Avenue in Bourbonnais, Illinois (60914), is a renowned educational institution with a mission to deliver top-notch academic instruction. This nonprofit organization is dedicated to fostering personal development, career readiness, and preparing students for lives of service to God and humanity. They offer academic support and award financial aid to eligible students. With a workforce of 1867 employees, Olivet Nazarene University is committed to providing a supportive learning environment for its students.
Official website here: www.olivet.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Olivet Nazarene University has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The university's overall score is anchored by its exemplary performance in these areas, earning a 92% score in Accountability & Finance, which is crucial for donor trust and transparency. This rating is particularly significant as it showcases the organization's commitment to maintaining a responsible financial structure.
The organization demonstrates impressive governance practices, with 98% of board members being independent, indicating a robust oversight mechanism. Additionally, it has scored full marks in critical areas such as financial audit, conflict of interest policy, and whistleblower policy, which reinforces its ethical management and operational integrity. The program expense ratio of 89.21% further exemplifies the university's dedication to utilizing funds effectively towards its educational mission.
However, while the university has a solid liabilities to assets ratio of 55.51%, which is acceptable, it still leaves room for improvement. Overall, the high rating from Charity Navigator suggests that Olivet Nazarene University is a well-managed nonprofit with a strong commitment to accountability, though stakeholders may want to keep an eye on its financial ratios over time.
This AI summary has been generated from information found on Charity Navigator.
Is Olivet Nazarene University legitimate?
Olivet Nazarene University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olivet Nazarene University 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: $1,046,603
Professional Fundraising Fees: $155,645
Other Salaries and Wages: $31,697,837
For more financial information, click here
Official website here: www.olivet.edu
What is the mission statement of Olivet Nazarene University?
Olivet Nazarene University is dedicated to delivering top-tier academic instruction, focusing on personal growth, career preparation, and shaping students for a lifetime commitment to serving God and humanity. Through this high-quality education, the institution fosters the development of individuals, readying them for professional pursuits while encouraging a life of service. Financial aid is provided to eligible students to ensure access to education, furthering Olivet Nazarene University's commitment to supporting students in their academic and personal journeys.
Official website here: www.olivet.edu
Who is the CEO of Olivet Nazarene University?
Dr Gregg Chenoweth is the President of Olivet Nazarene University.
Official website here: www.olivet.edu
What is the revenue of Olivet Nazarene University?
Olivet Nazarene University's revenue in 2022 was $142,248,844.
Official website here: www.olivet.edu
Who are the executives of Olivet Nazarene University and what are their salaries?
The average compensation at Olivet Nazarene University during 2022 was $17,539. There are 1867 employees and 100 volunteers at Olivet Nazarene University.
Here are 72 key members and their salaries:
- Compensation: $199,304
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- Other: $39,683
- Compensation: $173,694
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- Other: $27,362
- Compensation: $171,246
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- Other: $28,125
- Compensation: $155,435
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- Other: $19,336
- Compensation: $147,445
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- Other: $26,844
- Compensation: $147,223
- Related: $0
- Other: $26,926
- Compensation: $155,837
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- Other: $18,054
- Compensation: $143,477
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- Other: $22,519
- Compensation: $129,233
- Related: $0
- Other: $24,536
- Compensation: $113,614
- Related: $0
- Other: $24,904
- Compensation: $123,946
- Related: $0
- Other: $7,734
- Compensation: $84,972
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Official website here: www.olivet.edu
Where can I find the form 990 for Olivet Nazarene University?
Olivet Nazarene University's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olivet.edu
Learn more at the official website: www.olivet.edu
Mission Statement of Olivet Nazarene University
Olivet Nazarene University, a renowned institution, is dedicated to delivering top-notch academic instruction. Its primary objective is to foster personal growth and prepare students for successful careers, alongside readying them for lives devoted to serving God and humanity. The university's mission is multifaceted, aiming at both the academic and personal development of its students.
In pursuit of its mission, Olivet Nazarene University offers high-quality instruction, providing students with the essential tools they need to thrive. The academic experience is tailored to ensure students reach their full potential. Furthermore, the university awards financial aid to qualified students, ensuring accessibility to education for those in need.
The university's commitment to its students extends past the classroom. It aims to prepare individuals not only for professional success but also for lives characterized by service. By instilling the values of dedication, commitment, and compassion, Olivet Nazarene University shapes its students into responsible and engaged members of their communities. With a strong focus on personal development, students are encouraged to grow into well-rounded individuals, ready to make a positive impact on the world.
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Impact
October, 2024
Olivet Nazarene University significantly impacts its community and beyond by offering high-quality academic instruction focused on personal development, career readiness, and professional growth. Located in Bourbonnais, Illinois, the university prepares individuals for meaningful lives of service to God and humanity. Through its commitment to academic excellence, Olivet provides essential academic support and financial aid to eligible students, ensuring that education is accessible to those who seek it. The university fosters an environment where students can thrive, contributing to their personal and professional journeys while instilling values that encourage a life of service. Olivet's mission resonates deeply within its community, shaping graduates who are not only equipped to excel in their careers but also dedicated to making a positive difference in the world.
This information is meant to be a general summary of Olivet Nazarene University. 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: $1,710,799
- Program Service Revenue: $119,767,579
- Gross Receipts: $151,012,366
Assets and Liabilities:
- Total Assets: $243,527,041
- Total Liabilities: $140,804,876
- Net Assets: $102,722,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Activities relted to Educ
Revenue
$153,283
Auxilliary Enterprises
Revenue
$20,419,429
Education Revenue
Revenue
$99,194,867
Organization Details
Founding Year
1907
Phone
(815) 939-5079Principal Officer
Dr Gregg Chenoweth
Main Address
One University Avenue, Bourbonnais, IL, 60914
Website
www.olivet.eduNTEE Category
Code: B430 - Education
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