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Olivet Nazarene University

Public charityFed auditsIRS 990990-T FY2023
Other · BOURBONNAIS, IL · EIN 36-2191252

About

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.

Donations are tax-deductible
Category
Other
Employees
1,880
Volunteers
100

Financial Snapshot

FY ending 2023-06-30
Revenue
$148.6M
Expenses
$142.5M
Assets
$252.1M
Liabilities
$140.0M

Financial history

$159.5M$79.7M$0
1617181920212223
RevenueExpenses
Latest FY2023: $148.6M · Peak FY2018: $153.5M · Avg: $149.8M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

OLIVET NAZARENE UNIVERSITY
Your actions

Address

1 University AVE
Bourbonnais, IL, 60914-234

Governance

Voting board members61
Independent members60
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeNo
990 reviewed by boardNo

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Endowment held by related orgYes

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Retained by contractors$195K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.