2026-05-11T07:35:52-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 237063419 OLIVET NAZARENE UNIVERSITY FOUNDATION OLIV 8159395079 160 W RIVER ST BOURBONNAIS IL 60914 MATTHEW FOOR VICE PRESIDENT FOR FINANCE,CFO 8159395079 2026-05-10 1 1 DAREN DAIGA P01074795 5055022746 2026-05-10 2024 2025-03-06 01:10:19Z X GREGG CHENOWETH 160 W RIVER ST BOURBONNAIS IL 60914 20859811 0 X N/A X 1969 IL RECEIVE AND ADMINISTER FUNDS FOR PURPOSES THAT PROMOTE AND ASSIST IN THE EDUCATION SERVICES OF ONU 21 17 0 35 0 0 4448929 5847631 3121103 2629356 1640449 4066123 0 0 9210481 12543110 2497124 2474202 0 0 0 0 0 0 0 3862914 3598430 6360038 6072632 2850443 6470478 192802068 202009992 123856060 120011505 68946008 81998487 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. 0 0 5160603 2474202 2629356 FUNDS PROVIDED FOR EDUCATION PROGRAMS, INTERNSHIPS, AND CENTER STUDENT SUCCESS FROM ENDOWMENT EARNINGS AND CURRENT GIFTS, INCLUDING FUNDS FOR STUDENT SCHOLARSHIPS AT OLIVET NAZARENE UNIVERSITY. 5160603 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 42 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 17 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X MATTHEW FOOR 8159395079 387 S MAIN ST BOURBONNAIS IL 60914 DR GREGG CHENOWETH PRESIDENT 5.00 40.00 X X 0 265472 157499 DR BRIAN ALLEN VP INSTITUTIONAL ADVANCEMENT 5.00 40.00 X X 0 158621 22141 MR MATTHEW FOOR VICE PRESIDENT FOR FINANCE, CFO 5.00 45.00 X X 0 140131 30047 MR WOODY WEBB EXECUTIVE DIRECTOR 5.00 40.00 X X 0 53481 84554 MR MEL SAYES CHAIRMAN 1.00 X X 0 0 0 MR DAN REXROTH VICE CHAIRMAN 1.00 X X 0 0 0 MR BARRY HUEBNER SECRETARY 1.00 X X 0 0 0 MR JERIEL A BEARD DIRECTOR 1.00 X 0 0 0 MR TIM CRUMP DIRECTOR 1.00 X 0 0 0 MR RICHARD DYKHOUSE DIRECTOR 1.00 X 0 0 0 MR HARVEY GIFFORD DIRECTOR 1.00 X 0 0 0 MR GEORGE KALEMKARIAN DIRECTOR 1.00 X 0 0 0 MR MICK MCGRAW DIRECTOR 1.00 X 0 0 0 MRS BETH PENNINGTON DIRECTOR 1.00 X 0 0 0 MR CHRISTOPHER SHRIDE DIRECTOR 1.00 X 0 0 0 MR KEVIN SIMS DIRECTOR 1.00 X 0 0 0 DR WILLIAM SLATTERY DIRECTOR 1.00 X 0 0 0 MR DON WALKER DIRECTOR 1.00 X 0 0 0 MR JOHN WORKMAN DIRECTOR 1.00 X 0 0 0 MS PAMELA ANDERSON DIRECTOR 1.00 X 0 0 0 MR LOWELL SHORT DIRECTOR 1.00 X 0 0 0 MRS JILL BOWLING DIRECTOR (PART YEAR) 1.00 X 0 0 0 MR DAVID MCCOOL DIRECTOR (PART YEAR) 1.00 X 0 0 0 MR MARCUS REDDY VP OF ENROLLMENT MANAGEMENT 1.00 40.00 X 0 122288 63801 DR STEPHEN LOWE VP OF ACADEMIC AFFAIRS 1.00 40.00 X 0 159564 24669 MR ROBBY LALUMENDRE VP OF OPERATIONS 1.00 45.00 X 0 141518 31917 MR JASON STEPHENS VP OF STUDENT DEVELOPMENT 1.00 40.00 X 0 133427 31865 0 1174502 446493 0 0 1 0 OLIVET NAZARENE UNIVERSITY ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 SHARED SERVICES 583781 FUND EVALUATION GROUP 201 EAST FIFTH ST CINCINNATI OH 45202 INVESTMENT MANAGEMENT SERVICES 312948 2 5847631 2174281 5847631 CAPITAL LEASE INCOME 900099 2629356 2629356 2629356 1422801 1422801 10610023 350000 7966701 350000 2643322 0 2643322 2643322 12543110 2629356 0 4066123 2474202 2474202 16250 16250 258435 258435 605546 14315 591231 9981 9909 72 10179 10037 142 28137 575 27562 13561 7030 6531 11031 11031 2629846 2629846 15464 3658 11806 6072632 5160603 912029 0 575907 1609287 563159 510646 42887729 51802872 25206444 27678218 123568829 120408969 192802068 202009992 36522 35666 112257539 109626555 11561999 10349284 123856060 120011505 X 1262305 1380700 67683703 80617787 68946008 81998487 192802068 202009992 X 6470478 5391729 1190272 X 0 1 X 1 0 X X 1 OLIVET NAZARENE UNIVERSITY 362191252 2 1 2474202 0 1 2474202 0 3326411 3736327 3488429 4448929 5847631 20847727 3326411 3736327 3488429 4448929 5847631 20847727 4130670 16717057 3848105 4013993 4099478 1259685 1422801 14644062 50067 10353 60420 35552209 5750459 0.47020 0.42430 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2020 AMOUNT: $ 50,067. 2021 AMOUNT: $ 10,353. SCHEDULE A, PART II: THE ORGANIZATION IS A SUPPORTING ORGANIZATION AS DESCRIBED UNDER SECTION 509(A)(3) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE ORGANIZATION CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68596931 5847631 10161587 1933581 1176260 81496308 58739543 4448929 8510422 1907842 1194121 68596931 51168590 4364053 5590601 2383701 58739543 56763085 3704468 -6477051 2821912 51168590 44357215 3290914 10559188 1444232 56763085 0.01078 0.98922 0.00000 1 0 0 EQUITIES AND MUTUAL FUNDS 239529 F FIXED INCOME SECURITIES 107385 F REAL ESTATE 201829 F ALTERNATIVE INVESTMENTS 12632481 F BONDS - CORPORATE AND GOVERNMENT 14496994 F 27678218 ACCURED INTEREST INCOME 127701 ASSETS HELD UNDER CHARITABLE TRUSTS 15347713 FINANCE LEASE RECEIVABLE 104933555 120408969 ANNUITIES PAYABLE 1708968 TRUST FUND LIABILITIES 8638568 DUE TO OLIVET NAZARENE UNIVERSITY 1748 10349284 X 18866676 5391729 1190272 6582001 12284675 258435 258435 12543110 5814197 0 5814197 258435 258435 6072632 PART V, LINE 4: FOR SCHOLARSHIPS OR OTHER EDUCATIONAL PROGRAMS ADMINISTERED BY OLIVET NAZARENE UNIVERSITY. PART X, LINE 2: THE FOUNDATION FILES FEDERAL TAX RETURNS. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THE STATUTE OF LIMITATIONS ON THE TAX RETURNS REMAINS OPEN FOR YEARS 2022 THROUGH 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN NET VALUE OF CHARITABLE REMAINDER TRUSTS 964,059. PRESENT VALUE ADJUSTMENTS TO GIFT ANNUITY OBLIGATIONS 226,213. 1 OLIVET NAZARENE UNIVERSITY ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 362191252 501(C)(3) 2474202 0 ORGANIZATIONAL SUPPORT AND SCHOLARSHIPS 1 0 PART I, LINE 2: THE FOUNDATION BOARD ANNUALLY APPROVES A "SCHEDULE OF AVAILABLE FUNDS" WHICH AUTHORIZES THE AMOUNT TO BE AWARDED. THE ACTUAL TRANSFERS ARE MADE AFTER THE APPROVED AWARDS ARE RECORDED AND ONLY THE AMOUNT RECORDED IS TRANSFERRED. THE AMOUNT AWARDED IN THE PRIOR YEAR IS THEN REVIEWED WITH THE FOUNDATION BOARD. 0 0 0 0 0 0 0 0 0 DR GREGG CHENOWETH PRESIDENT 0 259947 0 670 0 4855 0 42994 0 114505 0 422971 0 0 MR MARCUS REDDY VP OF ENROLLMENT MANAGEMENT 0 120376 0 670 0 1242 0 6438 0 57363 0 186089 0 0 DR STEPHEN LOWE VP OF ACADEMIC AFFAIRS 0 156572 0 670 0 2322 0 10711 0 13958 0 184233 0 0 DR BRIAN ALLEN VP INSTITUTIONAL ADVANCEMENT 0 153025 0 670 0 4926 0 10754 0 11387 0 180762 0 0 MR ROBBY LALUMENDRE VP OF OPERATIONS 0 138012 0 670 0 2836 0 9997 0 21920 0 173435 0 0 MR MATTHEW FOOR VICE PRESIDENT FOR FINANCE, CFO 0 138219 0 670 0 1242 0 9640 0 20407 0 170178 0 0 MR JASON STEPHENS VP OF STUDENT DEVELOPMENT 0 132271 0 670 0 486 0 7014 0 24851 0 165292 0 0 X 15 1815638 MARKET VALUE X 1 350000 MARKET VALUE X GRAIN 1 8643 MARKET VALUE 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 1A THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE SHALL BE AS FOLLOWS: THE CHAIRMAN OF THE CORPORATION; THE VICE CHAIRMAN OF THE CORPORATION; THE SECRETARY OF THE CORPORATION; THE TREASURER OF THE CORPORATION AND CHIEF FINANCIAL OFFICER OF THE UNIVERSITY; THE PRESIDENT OF THE UNIVERSITY; AND THE CHIEF DEVELOPMENT OFFICER OF THE UNIVERSITY; THE EXECUTIVE DIRECTOR OF THE FOUNDATION. THE EXECUTIVE COMMITTEE SHALL HAVE FULL POWER TO ACT ON BEHALF OF THE BOARD WITH THE EXCEPTION OF ADOPTING, REPEALING, OR AMENDING THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF OLIVET NAZARENE UNIVERSITY, A RELATED ORGANIZATION, CONFIRMS ALL APPOINTMENTS TO THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE VICE PRESIDENT FOR FINANCE, CFO. THE REVIEWED FORM 990 IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE BOARD CHAIR IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CFO REVIEWS THE BOARD CHAIR'S SIGNED STATEMENT. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. THEREFORE, THESE LINES WERE ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENT TO GIFT ANNUITY OBLIGATIONS 226,213. CHANGE IN NET VALUE OF CHARITABLE REMAINDER TRUSTS 964,059. OLIVET NAZARENE UNIVERSITY ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 362191252 EDUCATION IL 501(C)(3) LINE 2 N/A 0 CHARITABLE REMAINDER TRUST (9) CHARITABLE REMAINDER TRUST IL OLIVET NAZARENE UNIVERSITY FOUNDATION T 1 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0