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 362191252 OLIVET NAZARENE UNIVERSITY OLIV 8159395079 ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 MATTHEW FOOR VICE PRESIDENT FOR FINANCE,CFO 8159395079 2026-05-10 1 1 DAREN DAIGA P01074795 5055022746 2026-05-08 2024 2025-03-06 01:10:19Z GREGG CHENOWETH ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 155515669 0 X WWW.OLIVET.EDU X 1909 IL TO PROVIDE ACADEMIC INSTRUCTION TO PREPARE INDIVIDUALS FOR LIVES OF SERVICE TO GOD AND HUMANITY. 61 56 1833 100 136698 96864 13423499 18363768 117504960 126520235 1967998 1502318 1152918 1521394 134049375 147907715 53284025 61334319 0 0 44536212 47306932 108705 101477 4005169 38624401 39306351 136553343 148049079 -2503968 -141364 241892889 245287838 128911852 130088734 112981037 115199104 X TO PROVIDE HIGH-QUALITY ACADEMIC INSTRUCTION FOR THE PURPOSE OF PERSONAL DEVELOPMENT, CAREER AND PROFESSIONAL READINESS, AND THE PREPARATION OF INDIVIDUALS FOR LIVES OF SERVICE TO GOD AND HUMANITY. 0 0 112056829 61334319 101873374 TUITION AND FEES - INSTRUCTION OF STUDENTS IN A PROGRAM OF HIGHER EDUCATION, COVERING OVER 140 AREAS OF STUDY AND SERVING 3,332 STUDENTS IN THE FISCAL YEAR ENDING 6/30/25. 15000105 24868791 AUXILIARY ENTERPRISES- PROVIDING DORMITORIES, CAFETERIA, CAMPUS COMMUNICATIONS, AND CONFERENCE INCOME FOR STUDENTS AND OTHERS. 5368568 448996 STUDENT AND ATHLETIC SERVICES - PROVIDING COMPETITIVE ATHLETIC PROGRAMS TO ENGAGE STUDENT LIFE EXPERIENCE. 583781 583781 SHARED SERVICES FROM RELATED ORGANIZATION - FUNDS TO COVER BOOKKEEPING AND DONOR MANAGEMENT FOR THE OLIVET NAZARENE FOUNDATION. 583781 583781 133009283 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 4630 0 1 1833 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 X 61 56 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MATTHEW FOOR 8159395079 ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 X DR GREGG CHENOWETH PRESIDENT 40.00 5.00 X X 265472 0 157499 DR STACEY SCHMIDT TRUSTEE 1.00 X 4650 0 0 DR DAVID BARTLEY TRUSTEE 1.00 X 2700 0 0 REV TIMOTHY CRUMP CHAIRMAN 1.00 X X 0 0 0 DR MARK L HOSTETLER SECRETARY 1.00 X X 0 0 0 REV ANDY ALBRIGHT TRUSTEE 1.00 X 0 0 0 REV DAVID ANDERSON TRUSTEE 1.00 X 0 0 0 REV TERRY ARMSTRONG TRUSTEE 1.00 X 0 0 0 REV WESLEY BALL TRUSTEE 1.00 X 0 0 0 MR TERRY BATE TRUSTEE 1.00 X 0 0 0 DR CHERYL BETZ TRUSTEE 1.00 X 0 0 0 DR STEVEN BOHALL TRUSTEE 1.00 X 0 0 0 REV LLOYD BROCK TRUSTEE 1.00 X 0 0 0 MR DARIN BROWN TRUSTEE 1.00 X 0 0 0 DR BILL CLARK JR TRUSTEE 1.00 X 0 0 0 MS ASHLEY DAGOSTINO TRUSTEE 1.00 X 0 0 0 REV ANDY DAYTON TRUISTEE 1.00 X 0 0 0 REV CHRIS DEMOTT TRUSTEE 1.00 X 0 0 0 MR DEWAYNE DOTY TRUSTEE 1.00 X 0 0 0 MR RODNEY DURR TRUSTEE 1.00 X 0 0 0 REV BRADLEY DYRNESS TRUSTEE 1.00 X 0 0 0 REV PHILLIP EDWARDS TRUSTEE 1.00 X 0 0 0 REV MAKENZIE FLORES TRUSTEE 1.00 X 0 0 0 MR JIM FORSHEE TRUSTEE 1.00 X 0 0 0 MR DANIEL GARDE TRUSTEE 1.00 X 0 0 0 MS LISA GARVIN TRUSTEE 1.00 X 0 0 0 MRS PHYLLIS GERMAN TRUSTEE 1.00 X 0 0 0 REV DANIEL GILMORE TRUSTEE 1.00 X 0 0 0 REV NATHAN GRAY TRUSTEE 1.00 X 0 0 0 REV AARON GREGORY TRUSTEE 1.00 X 0 0 0 MR JOHN HARRIS TRUSTEE 1.00 X 0 0 0 MR DANIEL HIRST TRUSTEE 1.00 X 0 0 0 REV JASON HAWK TRUSTEE 1.00 X 0 0 0 MR DOUGLAS JONES TRUSTEE 1.00 X 0 0 0 REV MATTHEW JONES TRUSTEE 1.00 X 0 0 0 REV TIM KELLERMAN TRUSTEE 1.00 X 0 0 0 DR MICHAEL KITSKO TRUSTEE 1.00 X 0 0 0 MRS BETH KRING TRUSTEE 1.00 X 0 0 0 REV GARRETT LEE TRUSTEE 1.00 X 0 0 0 MR STEPHEN LYLE TRUSTEE 1.00 X 0 0 0 MRS LAURA MONDY TRUSTEE 1.00 X 0 0 0 REV TRAVIS MYERS TRUSTEE 1.00 X 0 0 0 REV DARIN NOSSETT TRUSTEE 1.00 X 0 0 0 REV MIKE POSTELL TRUSTEE 1.00 X 0 0 0 REV ROB PRINCE TRUSTEE 1.00 X 0 0 0 DR DENA REDDICK TRUSTEE 1.00 X 0 0 0 MRS JILL RICE TRUSTEE 1.00 X 0 0 0 MRS AMANDA RIGGLE TRUSTEE 1.00 X 0 0 0 MR KEN ROAT TRUSTEE 1.00 X 0 0 0 MR MEL SAYES TRUSTEE 1.00 X 0 0 0 MR KEN SCHMIDT TRUSTEE 1.00 X 0 0 0 MRS CHERYL SEYMOUR TRUSTEE 1.00 X 0 0 0 MRS CHERYL SHERWOOD TRUSTEE 1.00 X 0 0 0 MR LOWELL SHORT TRUSTEE 1.00 X 0 0 0 DR JESS SOULIA TRUSTEE 1.00 X 0 0 0 REV RICHARD STADLER TRUSTEE 1.00 X 0 0 0 REV JAMIE STAMM TRUSTEE 1.00 X 0 0 0 MICHAEL TAYLOR TRUSTEE 1.00 X 0 0 0 REV BRIAN WANGLER TRUSTEE 1.00 X 0 0 0 REV FRANCIS WARREN TRUSTEE 1.00 X 0 0 0 DR SCOTT WHALEN TRUSTEE 1.00 X 0 0 0 REV KENNETH BUSHEY TRUSTEE (PART YEAR) 1.00 X 0 0 0 MRS JENNIFER CAPLINGER TRUSTEE (PART YEAR) 1.00 X 0 0 0 DR JEFFERY CROWDER TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV TIM FISHER TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV JAMES FRYE TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR MATT MCBURNIE TRUSTEE (PART YEAR) 1.00 X 0 0 0 DR LARRY MCKAIN TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR RICK PARKS TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV PHIL KIZZEE TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR BEN SMIDT TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV GORDON SMITH TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV JOSH WOODS TRUSTEE (PART YEAR) 1.00 X 0 0 0 REV MARK MCCALL TRUSTEE (PART YEAR) 1.00 X 0 0 0 MR MARCUS REDDY VP OF ENROLLMENT MANAGEMENT 40.00 1.00 X 122288 0 63801 DR STEPHEN LOWE VP OF ACADEMIC AFFAIRS 40.00 1.00 X 159564 0 24669 DR BRIAN ALLEN VP FOR INSTITUTIONAL ADVANCEMENT 40.00 5.00 X 158621 0 22141 MR ROBBY LALUMENDRE VP OF OPERATIONS 45.00 1.00 X 141518 0 31917 MR MATTHEW FOOR VICE PRESIDENT FOR FINANCE, CFO 45.00 5.00 X 140131 0 30047 MR JASON STEPHENS VP OF STUDENT DEVELOPMENT 40.00 1.00 X 133427 0 31865 DR JAY MARTINSON DEAN ONLINE LEARNING 50.00 X 142125 0 36390 DR DAVID VANHEEMST CHAIR, HISTORY & POLITICAL SCIENCE 50.00 X 138208 0 31497 DR JONATHAN PICKERING DEAN OF ACADEMIC OPERATIONS 50.00 X 124803 0 33673 DR CATHERINE DILLINGER CHAIR, ASSOC DEAN NURSING 50.00 X 129217 0 13724 DR AMBER RESIDORI DEAN OF THE COLLEGE OF PROF. STUDIES 50.00 X 128966 0 8224 1791690 0 485447 37 0 1 0 SODEXO 1 UNIVERSITY AVENUE BOURBONNAIS IL 60914 FOOD SERVICES 7158925 989 GROUP LLC 936 N WESTSHORE BLVD MANTENO IL 60950 MARKETING SERVICES 1533609 SHI INTERNATIONAL CORP 290 DAVIDSON AVE SOMERSET NJ 08873 IT SERVICES 1012156 ELLUCIAN 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 IT SERVICES 559656 BEARY LANDSCAPE MANAGEMENT 4627 ELM AVE BROOKFIELD IL 60513 LAWN CARE SERVICES 547600 62 7335 2474202 5769327 10112904 1406870 18363768 TUITION AND FEES 611300 100618667 100618667 AUXILIARY ENTERPRISES 611300 24868791 24868791 SHARED SVCS REL. ORG 900099 583781 583781 ATHLETICS 611300 448996 448996 126520235 882003 18369 863634 766474 118329 595728 0 170746 118329 289075 118329 170746 6183053 1088627 4873328 1778037 1309725 -689410 620315 620315 338473 7335 360861 -22388 -22388 1254707 1254707 1254707 147907715 127774942 136698 1632307 61334319 61334319 1496841 244272 974349 278220 252060 52082 199978 34321001 28408801 3850219 2061981 1216493 1037938 108940 69615 7612777 5886427 1211114 515236 2407760 1935104 316744 155912 201410 119972 81438 89575 2400 87175 101477 101477 178478 178478 2861978 1987584 768403 105991 805731 675717 85421 44593 5359719 4422044 671863 265812 2609533 2079867 339348 190318 5801264 5581862 219402 1504669 1284099 77849 142721 98947 88453 10494 2982609 2982609 6571294 6571294 1919442 205944 1713498 FOOD SERVICE 5591425 5591425 OTHER EVENT EXPENSES 331348 331348 2398929 2007244 318392 73293 148049079 133009283 11034627 4005169 20267 19268 2160523 1402595 95747 95747 3283077 6168440 1878126 1468629 331798418 135832776 197212424 195965642 25437932 27596098 9131809 10520080 229 2672755 2051339 241892889 245287838 6239775 9402173 1265516 963772 111134282 111442745 501163 9771116 8280044 128911852 130088734 X 108310606 107898802 4670431 7300302 112981037 115199104 241892889 245287838 X -141364 2622490 -263059 X 0 1 X 1 1 1 X 19940572 19689218 16006981 13899829 18363768 87900368 19940572 19689218 16006981 13899829 18363768 87900368 8033154 79867214 1371385 1623439 2228642 1798372 1630108 8651946 74476 74476 512089 894062 12278241 1141692 1254707 16080791 112707581 603281446 0.70860 0.69720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2022 AMOUNT: $ 11,120,290. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 512,089. 2021 AMOUNT: $ 894,062. 2022 AMOUNT: $ 1,157,951. 2023 AMOUNT: $ 1,141,692. 2024 AMOUNT: $ 1,254,707. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL 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 0 1 1 18727269 18727269 251317062 91215427 160101635 51722657 42993887 8728770 10031430 1623462 8407968 195965642 CONDITIONAL PROMISE TO GIVE 4022459 DEPOSITS 2104347 FINANCE LEASE LIABILITIES 680066 OPERATING LEASE LIABILTIES 1473172 8280044 PART V, LINE 4: SUPPORT STUDENTS AND PROGRAMS OF OLIVET NAZARENE UNIVERSITY 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS CONSISTENT WITH THE PUBLICITY EXCEPTION FOUND IN REV. PROC. 75-50 SECTION 4.03(2)(B). LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: FEDERAL WORK STUDY, FEDERAL PERKINS AND STATE SOURCES ARE RECEIVED FOR ASSISTANCE TO THE UNIVERSITY'S ELIGIBLE STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES MISSION TRIPS 125268 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES MISSION TRIPS 42899 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES MISSION TRIPS 33509 SOUTH AMERICA 0 0 PROGRAM SERVICES MISSION TRIPS 26609 0 0 0 0 0 0 228285 0 228285 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION TRACKED EXPENDITURES IN ACCORDANCE WITH ACCRUAL BASIS OF ACCOUNTING. X X X X X X X 1 GIVECAMPUS 903 G ST SE WASHINGTON DC 20003 FUNDRAISING CONSULTING 0 0 26500 -26500 PHILIP PURCESS 111 STONY CREEK OVERLOOK NOBLESVILLE IN 46060 FUNDRAISING CONSULTING 0 0 25500 -25500 VANILLASOFT CORP 490 ST JOSEPH BLVD GATINEAU QUEBEC CA FUNDRAISING CONSULTING 0 0 23977 -23977 THE HEART SHARE GROUP 112 ASHCROFT LN SIMPSONVILLE SC 29681 FUNDRAISING CONSULTING 0 0 19500 -19500 FNDRSNG LLC 16 FREMONT RD NEWARK DE 19711 FUNDRAISING CONSULTING 0 0 6000 -6000 101477 -101477 AK AZ AR CA CO CT DC FL HI IL IN KY ME MD MA MI MN MS MO NH NY OK OR SC UT VA WV WI SHINE CONCERTS 205707 205707 1003 2529 3501 161813 4142 WINTER GOLF OUTING 102840 2200 100640 6221 60838 6500 69507 7362 2 37261 5135 32126 5123 13166 13841 5315 345808 7335 338473 12347 63367 23167 245161 16819 360861 -22388 SCHEDULE G, PART I, LINE 2B(IV) THE PROFESSIONAL FUNDRAISING SERVICES WERE CONSULTING IN NATURE, NO GROSS RECEIPTS WERE DIRECTLY GENERATED FROM THE SERVICES PROVIDED. 1 INSTITUTIONAL STUDENT AID 2264 60285859 FUNDED INSTITUTIONAL AID 106 242604 FEDERAL AID 175 421775 DEPARTMENT AID 187 384081 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS BASED ON COMPLIANCE WITH ELIGIBILITY REQUIREMENTS AS REQUIRED BY INTEGRATED POSTSECONDARY EDUCATION DATA SYSTEM (IPEDS). AWARDED SCHOLARSHIPS AND ASSISTANCE ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AND NO CASH CHANGES HANDS. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 DR GREGG CHENOWETH PRESIDENT 259947 0 670 0 4855 0 42994 0 114505 0 422971 0 0 0 MR MARCUS REDDY VP OF ENROLLMENT MANAGEMENT 120376 0 670 0 1242 0 6438 0 57363 0 186089 0 0 0 DR STEPHEN LOWE VP OF ACADEMIC AFFAIRS 156572 0 670 0 2322 0 10711 0 13958 0 184233 0 0 0 DR BRIAN ALLEN VP FOR INSTITUTIONAL ADVANCEMENT 153025 0 670 0 4926 0 10754 0 11387 0 180762 0 0 0 DR JAY MARTINSON DEAN ONLINE LEARNING 141455 0 670 0 0 0 7855 0 28535 0 178515 0 0 0 MR ROBBY LALUMENDRE VP OF OPERATIONS 138012 0 670 0 2836 0 9997 0 21920 0 173435 0 0 0 MR MATTHEW FOOR VICE PRESIDENT FOR FINANCE, CFO 138219 0 670 0 1242 0 9640 0 20407 0 170178 0 0 0 DR DAVID VANHEEMST CHAIR, HISTORY & POLITICAL SCIENCE 137538 0 670 0 0 0 5857 0 25640 0 169705 0 0 0 MR JASON STEPHENS VP OF STUDENT DEVELOPMENT 132271 0 670 0 486 0 7014 0 24851 0 165292 0 0 0 DR JONATHAN PICKERING DEAN OF ACADEMIC OPERATIONS 124133 0 670 0 0 0 7644 0 26029 0 158476 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE TRAVEL FOR COMPANIONS IS FOR THE PRESIDENT'S WIFE AND VP FOR INSTITUTIONAL ADVANCEMENT'S WIFE. THE TRAVEL IS FOR A BONA FIDE BUSINESS PURPOSE AND IS NOT TREATED AS TAXABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: OFFICERS AND HIGHEST COMPENSATED EMPLOYEES RECEIVED A GROSS-UP PAYMENT TO COVER THE PORTION OF THE TAX LIABILITY ASSOCIATED WITH THE BONUSES RECEIVED. THIS IS INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. THE PRESIDENT MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR. AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT IS PROVIDED A HOME ON UNIVERSITY GROUNDS. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT. PART I, LINE 7 THE ORGANIZATION MADE NONFIXED PAYMENTS IN THE FORM OF DISCRETIONARY BONUSES. DENNIS SEYMOUR FAMILY MEMBER OF CHERYL SEYMOUR, BOARD MEMBER 135819 COMPENSATION 0 CHASE DEMOTT FAMILY MEMBER OF CHRIS DEMOTT, BOARD MEMBER 64158 COMPENSATION 0 MADDI SPACHT FAMILY MEMBER OF MARCUS REDDY, VP OF ENROLLMENT MANAGEMENT 51085 COMPENSATION 0 X 17 20416 SELLING COST X 12 1374411 MARKET VALUE X GRAIN 1 8609 MARKET VALUE X INSTRUMENT 1 2000 MARKET VALUE X SUPPLIES 3 1434 MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY TO SELL DONATED CARS. ONCE SOLD, THE REPORT OF SALE IS PROVIDED TO THE ORGANIZATION FOR REPORTING PURPOSES. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE COMPOSED OF THE PRESIDENT OF THE UNIVERSITY PLUS EIGHT MEMBERS FROM THE BOARD OF TRUSTEES. THE EIGHT MEMBERS SHALL BE THE OFFICERS OF THE BOARD OF TRUSTEES (CHAIR, VICE CHAIR, AND SECRETARY), THE CHAIR OF THE BUSINESS AND FINANCE COMMITTEE, AND FOUR ADDITIONAL MEMBERS ELECTED BY THE BOARD OF TRUSTEES. THE COMMITTEE SHALL CONTAIN AT LEAST THREE DISTRICT SUPERINTENDENTS, AT LEAST TWO PASTORS, AND AT LEAST TWO LAYPERSONS. ELECTION SHALL FIRST BE HELD FOR THE OFFICERS OF THE BOARD BY A BALLOT CONSISTING OF TWO NOMINEES FOR EACH OFFICE AND THEN FOR THE ADDITIONAL MEMBERS WITH CONSIDERATION GIVEN TO REPRESENTATION OF THE VARIOUS DISTRICTS. IN THE INTERIM OF REGULAR AND SPECIAL MEETINGS OF THE BOARD, THE RESPONSIBILITY AND AUTHORITY OF THE BOARD OF TRUSTEES SHALL BE VESTED IN THE EXECUTIVE COMMITTEE WITH THE LIMITATIONS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO GIVE THE PRESIDENT THE AUTHORITY AND RESPONSIBILITY TO OVERSEE AND MANAGE THE RECRUITMENT, SELECTION, HIRING, ASSIGNMENT, DISCIPLINE, AND TERMINATION OF ANY EMPLOYEE OF THE UNIVERSITY, CONSISTENT WITH THE GOVERNING DOCUMENTS OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. 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 VP OF FINANCE AND FINANCIAL SERVICES OFFICE ARE RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS AND ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. 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 LINE 15A - THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE. THE HR DIRECTOR PROVIDES COMPARABILITY BASED UPON THE SALARY ANALYSIS USING 2-3 DIFFERENT SURVEYS. ONCE THE SALARY IS DETERMINED, THE PRESIDENT RECEIVES AN APPROVED ANNUAL PERCENTAGE INCREASE. THE DELIBERATION AND DECISION IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. LINE 15B - THE PRESIDENT AND THE DIRECTOR OF HR DETERMINES THE SALARIES OF THE OTHER OFFICERS. THE HR DIRECTOR REVIEWS SALARIES PROVIDED BY THE CUPA SURVEY AS WELL AS A CCCU SURVEY AND EVALUATES THE ROLE OF EACH OFFICER VP AND MAKES A DETERMINATION OF THE APPROPRIATE SALARY BASED ON THE SCOPE OF THEIR RESPONSIBILITIES AND THEIR EXPERIENCE IN THEIR ROLE. THE DELIBERATION AND DECISIONS IS DOCUMENTED IN THE RESPECTIVE HR FILE. 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 VII, SECTION A, LINE 1A COMPENSATION REPORTED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B IS THE AMOUNT REPORTED ON THE INDIVIDUAL'S W-2, BOX 1 OR 5 (WHICHEVER AMOUNT IS GREATER) PER THE IRS INSTRUCTIONS. IN THE CASE OF MINISTER'S COMPENSATION WHEN BOX 5 OF THE W-2 IS NOT APPLICABLE, BOX 1 COMPENSATION IS USED. EMPLOYEE DEFERRALS TO QUALIFIED RETIREMENT PLANS ARE NORMALLY CAPTURED IN BOX 5, NOT BOX 1 OF FORM W-2. FOR REPORTING PURPOSES WE HAVE INCLUDED THE MINISTER'S RETIREMENT PLAN DEFERRALS IN PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. FORM 990, PART XI, LINE 9: ADJUSTMENT TO TRUST LIABILITY -263,059. ONU SGCS PAYROLL LLC ONE UNIVERSITY AVENUE BOURBONNAIS IL 60914 455548421 PROCESS OF PAYROLL FOR OUT OF STATE EMPLOYEES IL 0 0 OLIVET NAZARENE UNIVERSITY OLIVET NAZARENE UNIVERSITY FOUNDATION 160 W RIVER ST BOURBONNAIS IL 60914 237063419 SUPPORT STUDENTS AND PROGRAMS OF OLIVET NAZARENE UNIVERSITY IL 501(C)(3) LINE 12A, I OLIVET NAZARENE UNIVERSITY 1 CHARITABLE REMAINDER TRUST (5) CHARITABLE REMAINDER TRUST IL OLIVET NAZARENE UNIVERSITY T 1 0 0 1 0 1 0 0 0 0 0 1 1 0 1 1 0 0 0 0 OLIVET NAZARENE UNIVERSITY FOUNDATION C 2474202 BOOK VALUE OLIVET NAZARENE UNIVERSITY FOUNDATION E 109626555 BOOK VALUE OLIVET NAZARENE UNIVERSITY FOUNDATION K 2629356 BOOK VALUE OLIVET NAZARENE UNIVERSITY FOUNDATION L 583781 BOOK VALUE