2026-03-18T08:25:33+00:00 2025-06-30 350921680 CROWE LLP 701 13th St NW Suite 852 Washington DC 20005 990 2024-07-01 310725957 Mount Vernon Nazarene University MOUN 7403979000 800 Martinsburg Road Mount Vernon OH 43050 Michaelia Black VP for Finance, CFO 7403979000 2026-03-18 true true Steve Lenivy P01635350 2026245555 2026-03-18 2024 2025-03-06 01:10:19Z Carson Castleman 800 Martinsburg Road Mount Vernon OH 43050 85192414 false X www.mvnu.edu X 1968 OH Mount Vernon Nazarene University is an accredited four-year liberal arts University that confers two- and four-year degrees and graduate degrees in a variety of academic disciplines. In addition, it provides logistical support for the educational and theological efforts of the Church of the Nazarene and other like-minded religious and educational organizations. 25 25 1181 50 131545 0 3987675 5606062 53761306 59685037 2915498 3488615 276253 454763 60940732 69234477 27906074 31799219 0 22264872 24025599 0 1113997 15000065 16155526 65171011 71980344 -4230279 -2745867 101004988 98370027 10765523 9908109 90239465 88461918 Mount Vernon Nazarene University is an accredited four-year liberal arts University that confers two- and four-year degrees and graduate degrees in a variety of academic disciplines. In addition, it provides logistical support for the educational and theological efforts of the Church of the Nazarene and other like-minded religious and educational organizations. false false 62491943 31799219 59852888 The University is a four-year institution of higher education offering the degrees of Associate in Arts, Associate in Applied Science, Bachelor of Arts, Bachelor of Science, Masters of Business Administration, Masters of Science in Management, Master of Arts in Education, and such other Baccalaureate and Graduate degrees as may be authorized by the Board of Trustees of the University, and permitted by the State of Ohio and the Higher Learning Commission; Member - North Central Association. For the year ended June 30, 2025, the University conferred 395 undergraduate and graduate degrees. Average enrollment head count was 2,048 students. 74117 65695 The University provides logistical and facility support for like-minded religious and educational organizations. Organizations historically served include The North Central Ohio District Church of the Nazarene, the National Christian School Athletic Association, the YMCA Great Lakes Leaders Training School, area primary and secondary schools, local first responder organizations and many others. 62566060 true true false false false false false false false true true false false false true true false true true false false false false false false false false false true true true false false false false false false true false true false true false false false true true false false false false true 2516 0 true 1181 true true true false false false false true true false false false false false false X 25 25 true false false false false false false true true false false false false true true true true true true false false false X Jamie Thorne 7403979000 800 Martinsburg Road Mount Vernon OH 43050 EDWARD J PHILLIPS CHAIRPERSON, BOARD OF TRUSTEES 3.0 0.0 X X 0 0 0 LARRY J HAMMOND SECRETARY, BOARD OF TRUSTEES 2.0 0.0 X X 0 0 0 ROBERT J MAHAFFEY VICE-CHAIR, BOARD OF TRUSTEES 2.0 0.0 X X 0 0 0 ADAM M CARR MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 ANDREW J MONNIN MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 BRET M LAYTON MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 CATHY M MANSON MEMBER, BOARD OF TRUSTEES (THRU 8-2024) 1.0 0.0 X 0 0 0 CHRISTOPHER M WEGHORST MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 DAVID B LUTZ MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 DOUGLAS S WYATT MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 DOUGLAS W BOQUIST MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 DWAYNE P MILLS MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 EDWARD L ESTEP MEMBER, BOARD OF TRUSTEES (BEG 10-2024) 1.0 0.0 X 0 0 0 J KEVIN DENNIS MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 JAMES D RADCLIFFE MEMBER, BOARD OF TRUSTEES (THRU 1-2025) 1.0 0.0 X 0 0 0 KARI D TAYLOR MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 KATHY G GREENICH MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 KIMBERLY A STOCK MEMBER, BOARD OF TRUSTEES (BEG 8-2024) 1.0 0.0 X 0 0 0 LAURA E CROUCH MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 MARK MADDUX MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 PAIGE M GRAVES MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 PHILLIP E GRATE MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 ROBERT S MAHAFFEY MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 RUSSELL T BAILEY MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 SAMUEL S BARBER MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 TERRY R BLOSSER MEMBER, BOARD OF TRUSTEES (BEG 8-2024) 1.0 0.0 X 0 0 0 THOMAS G MESSENGER MEMBER, BOARD OF TRUSTEES (THRU 8-2024) 1.0 0.0 X 0 0 0 WENDELL D BROWN MEMBER, BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 AMY KOVACH VP FOR ACADEMIC AFFAIRS, CAO (THRU 1-2025) 40.0 0.0 X 125769 0 22196 CARSON CASTLEMAN PRESIDENT, CEO 40.0 0.0 X 293309 0 34890 COLLEEN DERR VP FOR ACADEMIC AFFAIRS, CAO (BEG 2-2025) 40.0 0.0 X 0 0 0 DAVID WILSON INTERIM TRANSITIONAL LEADER (THRU 9-2024) 40.0 0.0 X 0 0 0 SCOTT L CAMPBELL VP FOR FINANCE, CFO (THRU 1-2025) 40.0 0.0 X 138058 0 25713 Steve Storck Interim CFO 40.0 0.0 X 36000 0 0 ERIC STETLER III VP of Academic Affairs 40.0 0.0 X 129085 0 34041 JOHNNA VANOVER VP of University Marketing & CAPS Enrollment 40.0 0.0 X 114007 0 14868 JOSE OOMMEN KOCKALUMMOOTTIL Professor of Electrical & Computer Engineering 40.0 0.0 X 100116 0 28929 KEVIN CHANEY Director of Academic and Curriculum Services 40.0 0.0 X 103121 0 1862 STEPHEN SPRAKER VP for Student Life 40.0 0.0 X 100880 0 27327 1140345 0 189826 8 false true false PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY SUITE 120 OLATHE KS 66061 FOOD SERVICES 1966048 3 Enrollment Marketing 352 Main St 333 Oneonta NY 13820 Marketing 348042 CDW Government Inc 200 N Milwaukee Ave Vernon Hills IL 60061 IT Services 271770 SmartBug Operating LLC Department 1380 PO Box 896500 Boston MA 022986500 Marketing 255934 Martin Public Seating LLC 5085 Park Ave West suite 150 Seville OH 44273 Consulting 247321 12 224726 5381336 182170 5606062 STUDENT TUITION AND FEES 611310 49670145 49670145 STUDENT HOUSING AND FOOD SERVICES 611310 8536950 8536950 STUDENT ORGANIZATION AND ACTIVITY REVENUE 611310 1099684 1099684 AUXILIARY EXEMPT FUNCTION REVENUE 611310 378258 378258 0 0 0 0 59685037 1031080 1031080 181578 8100 120288 9308 61290 -1208 60082 -1208 61290 18229376 56500 15789128 39213 2440248 17287 2457535 2457535 GRAND HOTEL INCOME (LOSS) 721110 132753 132753 VENDING, PRINTING & COPYING COMMISSIONS 900099 28382 28382 233546 233546 0 0 394681 69234477 59918583 131545 3578287 8876 8876 31790343 31790343 599512 81449 518063 110801 110801 17835076 15930628 1235944 668504 349637 320606 15735 13296 3861871 2462870 1291210 107791 1268702 1062732 173888 32082 92377 213 92164 73235 73235 113073 113073 2347367 2194344 133639 19384 967243 913525 29193 24525 1851858 1467922 286560 97376 947839 934716 12172 951 2190515 2109888 78707 1920 1303514 1080502 93483 129529 137054 128887 6628 1539 245704 245704 2934073 2934073 941389 941389 Food Service 1980060 1940005 22955 17100 Miscellaneous Expenses 30225 27753 2472 0 0 0 0 71980344 62566060 8300287 1113997 22458 21450 7951649 4729004 796028 751166 1244388 1920887 0 0 0 0 385129 283606 151130 132814 897555 706955 132048030 75565398 56978205 56482632 32551179 33314495 0 0 27267 27018 101004988 98370027 1944800 1663142 1478173 1250091 7018280 6855716 0 0 56079 268191 139160 10765523 9908109 X 63667255 58354147 26572210 30107771 90239465 88461918 101004988 98370027 X -2745867 967546 774 X false true true true true X 12094323 7192463 9478411 3987675 5606062 38358934 0 0 12094323 7192463 9478411 3987675 5606062 38358934 3603130 34755804 1553654 2397373 2338355 1527654 1212658 9029694 80002 112769 132753 325524 31307 31393 9253 43700 261927 377580 48091732 276408138 0.72270 0.71497 X Schedule A, Part II PUBLIC SUPPORT TEST The University received tax-exempt status as a school under IRC Section 170(b)(1)(A)(ii). However, in order to utilize the special rule on Schedule B, the University has completed Schedule A Part II in order to demonstrate that the organization's activities have met the 33 1/3% support test. Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 31307.0, COLUMN B - 31393.0, COLUMN C - 9253.0, COLUMN D - 43700.0, COLUMN E - 261927.0, COLUMN F - 377580.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29891845 507438 3925944 967251 193959 0 33164017 26786948 399810 3824126 924196 194843 0 29891845 24781380 184684 2976641 882884 272873 0 26786948 28782576 393732 -3274639 522273 598016 0 24781380 23190231 210094 6042399 512717 147431 0 28782576 0.1903 0.3796 0.4301 false false 4565374 4565374 83378482 38879500 44498982 34107122 31652898 2454224 9997052 5033000 4964052 56482632 Federal Income Taxes LIABILITY UNDER UNITRUST AGREEMENTS 11875 ADVANCES FROM GOVERNMENT FOR FEDERAL LOANS 127285 139160 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds The University's endowment primarily consists of five categories for use: scholarship/student loan, maintenance and energy, equipment acquisition, lecture series and quasi. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has ruled that the University is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as a public charity described in Section 501(c)(3). Accounting principles generally accepted in the United States of America prescribe recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if the tax position is more-likely-than-not sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at June 30, 2025 and 2024. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The University would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amount accrued for interest or penalties as of June 30, 2025 and 2024. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Available on website and guides Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Students receive financial aid from various federal Department of Education programs and from state student financial aid programs. The University also receives a grant from the federal Department of Education to assist with improving student retention and baccalaureate completion. true SCHOLARSHIPS 1526 31790343 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Disbursements in furtherance of the University's exempt programs are made in accordance with procedures or subject to conditions established by the institution's governing board designed to ensure that individuals and organizations receiving disbursements from the organization in furtherance of its exempt programs are adequately investigated to ensure that they are qualifying recipients. Students receiving scholarships, student loans, etc. are judged worthy by the institution's assessment on the basis of academic achievement, financial needs, and other similar standards. X X true true X X X false false false false false false false false false CARSON CASTLEMAN PRESIDENT, CEO 271709 0 0 0 21600 0 16823 0 18067 0 328199 0 0 0 SCOTT L CAMPBELL VP FOR FINANCE, CFO (THRU 1-2025) 138058 0 0 0 0 0 4244 0 21469 0 163771 0 0 0 ERIC STETLER III VP of Academic Affairs 128725 0 360 0 0 0 3183 0 30858 0 163126 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use For Kevin Chaney and Carson Castleman, housing is provided, on a taxable basis, in a residence owned by the University. Schedule J, Part I, Line 1a Health or social club dues or initiation fees MVNU has a membership with a social club that Carson Castleman, President, uses for business purposes. No amount is treated as taxable compensation because it is 100% business use. A CITY OF MOUNT VERNON OHIO 316400234 623644AF8 2022-03-09 7207364 REFUNDING SERIES 2016 BONDS false false false A 140000 7207364 144147 7063217 2022 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false true false false false 0 false false false 0 false false true A true Schedule K, Part III, Line 9 ESTABLISHMENT OF WRITTEN PROCEDURES THE ORGANIZATION HAS ADOPTED WRITTEN PROCEDURES TO MONITOR THE ORGANIZATION'S ABILITY TO REMAIN IN COMPLIANCE WITH THE ARBITRAGE REQUIREMENTS UNDER SECTION 148 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. Schedule K, Part IV, Line 7 PROCEDURES TO UNDERTAKE CORRECTIVE ACTION THE ORGANIZATION HAS ADOPTED WRITTEN PROCEDURES WHICH DICTATE HOW MANAGEMENT TIMELY IDENTIFIES AND CORRECTS VIOLATIONS OF FEDERAL TAX REQUIREMENTS USING THE VOLUNTARY CLOSING AGREEMENT PROGRAM PROVIDED BY THE IRS WHEN SELF-REMEDIATION IS NOT AVAILABLE TO THE ORGANIZATION. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. Schedule K, Part V ESTABLISHMENT OF WRITTEN PROCEDURES THE ORGANIZATION HAS ADOPTED WRITTEN PROCEDURES TO ENSURE ALL NONQUALIFIED BONDS (IF ANY) OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH THE ASSOCIATED REGULATIONS. THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. SEE PART V SUPPLEMENTAL INFORMATION 98144 SCHOLARSHIPS AND EMPLOYEE DEPENDENT TUITION ASSISTANCE PRISCILLA C MILLS CHILD OF JAMES D. RADCLIFFE, TRUSTEE 42708 EMPLOYEE COMPENSATION false TIMOTHY D RADCLIFFE CHILD OF JAMES D. RADCLIFFE, TRUSTEE 68093 EMPLOYEE COMPENSATION false Schedule L, Part III, Column (b) NAME OF INTERESTED PERSON COLLEGES, UNIVERSITIES AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCHEDULE L, PART III, COLUMNS (A) AND (B) HAVE BEEN LEFT BLANK. 1 719 Market value 2 90928 Market value 1 2 Market value X Technology 1 83019 Market value X Gift Cards 29 7502 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE NUMBER OF CONTRIBUTORS IS BEING REPORTED Other - Technology THE NUMBER OF CONTRIBUTORS IS BEING REPORTED Art - Works of art - THE NUMBER OF CONTRIBUTORS IS BEING REPORTED Other - Gift Cards THE NUMBER OF CONTRIBUTORS IS BEING REPORTED Food inventory - THE NUMBER OF CONTRIBUTORS IS BEING REPORTED Form 990, Part VI, Line 1a Delegate broad authority to a committee From the Organization's Bylaws: Section 8: Duties of the Executive Committee of the Board of Trustees. In the interim of annual or special meetings of the Board of Trustees, the management of the affairs of the Corporation shall be vested in the Executive Committee. a. The Executive Committee shall meet as often as is necessary and shall be governed by such rules as it may adopt, provided such rules and regulations are in harmony with the bylaws of the Corporation. b. The Executive Committee shall act on whatever matters of corporation business as shall be referred and assigned to it by the Board of Trustees. c. The Executive Committee may by resolution authorize the sale, conveyance, or mortgaging of any real property held by the Corporation, other than the main campus. d. The Executive Committee shall approve the guidelines under which the Senior Administrators of the University are selected. The President shall confer with the Executive Committee prior to selection, reassignment, or termination of a senior administrator. e. The Executive Committee shall keep a record of its proceedings and copies of these minutes shall be sent to each member of the Executive Committee within five days after the executive meeting. Minutes of action must also be received by the members of the Board of Trustees at its next meeting. f. The Executive Committee may authorize and approve resolutions necessary to open and close bank, stock, bonds and other investment accounts and designate signatory authority thereon. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Robert J. Mahaffey and Robert S. Mahaffey - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The return is reviewed by University management and a knowledgeable third party before filing. Form 990, Part VI, Line 12c Conflict of interest policy From the Organization's Bylaws: A. Disclosure and Review - Each year each Trustee is required to submit a signed Conflict of Interest Disclosure Form. Additionally, immediately upon recognizing that there is a potential conflict of interest that has not been previously disclosed, the Trustee is required to file an amended disclosure form. The President's Office will compile the forms and send them to the Chair of the Board of Trustees for review. The Executive Committee will review the forms annually and determine if there is a conflict of interest. If so, the President of the University and Chair of the Board will be informed regarding which Trustee(s) and the nature of the conflict and how it will be addressed. The Chair of the Board will inform the Trustee with the conflict regarding the decision. B. Consideration of Matters involving Conflict of Interest - If a circumstance should arise where it may be in the best interest of the University to engage in a transaction despite the conflict of interest, after disclosure of the conflict of interest, the individual with whom the conflict of interest is present must abstain from any discussion or deliberation regarding the matter (unless the Board of Trustees or administration requests information or interpretation for special reasons), and abstain from any decision on the matter. Record of such individual's withdrawal from participation in the discussion, deliberation, and decision on the matter should be noted in any minutes of the session at which such matter is considered. Should a potential conflict of interest matter require an Executive Committee or Board Vote to resolve, those concerned shall be present at the time of the vote. The Board should approve the transaction, on a majority vote of the disinterested Trustees, only if the Trustees believe that the transaction is in the best interests of the University and that, with respect to other alternatives, the transaction is the most favorable or reasonable to the University. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation for the CEO was and is set by the executive committee of the board of trustees using data gathered from similar universities. The executive committee is comprised of selected board members disinterested with regard to the compensation arrangements. The compensation committee keeps contemporaneous documentation of the deliberations and decisions regarding the compensation arrangements. This process is completed prior to the beginning of each contract period being approved. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are currently available upon request to entities determined by management to have a legitimate interest. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 233546, Related or Exempt Function Revenue: 233546, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 774; Total - 774; MVNU MANAGEMENT LLC 800 MARTINSBURG RD MOUNT VERNON OH 43050 472839129 HOSPITALITY MANAGEMENT OH 1720266 451076 MOUNT VERNON NAZARENE UNIVERSITY MOUNT VERNON GRAND HOTEL LLC 800 MARTINSBURG RD MOUNT VERNON OH 43050 814919801 REAL ESTATE HOLDING AND MANAGEMENT OH 0 6874186 MOUNT VERNON NAZARENE UNIVERSITY CHARITABLE REMAINDER TRUST (1) 800 MARTINSBURG RD MOUNT VERNON OH 43050 CHARITABLE REMAINDER TRUST OH NA Trust true false false false false false false false false false false false false false false false false false false false