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EIN 23-7063419

Olivet Nazarene University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Bourbonnais
State
Illinois
Year formed
1969
Most recent tax filings
2023-06-01
NTEE code, primary
B11: Education Single Organization Support
Description
The Olivet Nazarene University Foundation administers and expends funds to promote and assist the educational services of Olivet Nazarene University. Endowment earnings and current gifts provide funding for educational programs, internships, and a center for student success. The foundation also provides scholarships to 1031 students at Olivet Nazarene University.
Related structure
Olivet Nazarene University Foundation is a subordinate organization under Olivet Nazarene University (ONU).
Total revenues
$8,245,158
2023
Total expenses
$6,071,171
2023
Total assets
$193,042,077
2023
Num. employees
0
2023

Program areas at Olivet Nazarene University Foundation

Provide scholarships to 1031 students from endowment earnings and current gifts to Olivet Nazarene Univ.
Funds provided for educational programs, internships, and center for student success from endowment earnings and current gifts.

Who funds Olivet Nazarene University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mojo FoundationGeneral Support$1,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$311,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$311,000
...and 5 more grants received

Personnel at Olivet Nazarene University Foundation

NameTitleCompensation
Kathleen LueckemanChief Strategic of$0
Rob LalumendreVice President of Operations Cabinet$0
Matthew FoorVice President$0
Brian AllenVice President for Institutional Advancement$0
Mark ReddyVice President of Enrollment Management Cabinet
...and 21 more key personnel

Financials for Olivet Nazarene University Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,488,429
Program services$0
Investment income and dividends$4,099,478
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$420,883
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$236,368
Total revenues$8,245,158

Form 990s for Olivet Nazarene University Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-04990View PDF
2022-062022-10-25990View PDF
2021-062021-11-04990View PDF
2020-062021-02-24990View PDF
2019-062020-02-15990View PDF
...and 9 more Form 990s
Data update history
May 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 4 new personnel
May 18, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $1,000,000 from Mojo Foundation
November 24, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
School foundationsGrantmaking organizationsChapter / child organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employees
General information
Address
387 S Main St
Bourbonnais, IL 60914
Metro area
Kankakee, IL
County
Kankakee County, IL
Website URL
olivet.edu/about 
Phone
(815) 939-5080
IRS details
EIN
23-7063419
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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