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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Olivet Nazarene University Foundation

Olivet Nazarene University Foundation

Fiscal year ending 2024. Filed on May 15, 2025.

387 S Main St
Bourbonnais, Illinois 60914

Olivet Nazarene University Foundation (EIN: 23-7063419) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Olivet Nazarene University Foundation, a 501(c)(3) charitable organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $207,488. The highest compensated employee at Olivet Nazarene University Foundation is Dr Gregg Chenoweth with fiscal year 2024 compensation of $340,996.

Revenue, expenses, and employee compensation

Revenue

$9,210,481

Expenses

$6,360,038

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dr Gregg Chenoweth
President
$340,996
$0 $265,165 $75,831
Dr Stephen Lowe
Vice President, Academic Affairs
$191,657
$0 $155,220 $36,437
Mr Matthew Foor
Vice President for Finance, CFO
$183,556
$0 $137,494 $46,062
Mr Marcus Reddy
Vice President, Enrollment Management
$182,082
$0 $121,759 $60,323
Dr Brian Allen
Vice President, Institutional Advancement
$180,587
$0 $160,154 $20,433
Mr Robby Lalumendre
Vice President, Operations
$166,047
$0 $136,384 $29,663

Benchmark Employee Compensation

Non-Employee Board Members

Mr Woody Webb
Executive Director
$129,397
$0 $48,398 $80,999
Mr Don Walker
Director
No compensation reported
Mr George Kalemkarian
Director
No compensation reported
Mr Harvey Gifford
Director
No compensation reported
Mr John Workman
Director
No compensation reported
Mr Christopher Shride
Director
No compensation reported
Mr Richard Dykhouse
Director
No compensation reported
Mrs Beth Pennington
Director
No compensation reported
Mr David McCool
Director
No compensation reported
Mrs Jill Bowling
Director
No compensation reported
Mr Kevin Sims
Director
No compensation reported
Mr Mel Sayes
Chair
No compensation reported

Contractors

Fund Evaluation Group
Investment Management
$155,726

Mission Statement

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.

Revisions to this organization profile

May 15, 2025:
2024 Olivet Nazarene University Foundation 990 filed
April 4, 2024:
2023 Olivet Nazarene University Foundation 990 filed
October 25, 2022:
2022 Olivet Nazarene University Foundation 990 filed

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