2019-11-14T11:53:19-08:00 2019-06-30 990 2018-07-01 237063419 Olivet Nazarene University Foundation OLIV 8159395080 387 S Main St Bourbonnais IL 60914 Dr David Pickering Vice President 2019-11-14 2018 2020-03-31 21:24:44Z 387 S Main St Bourbonnais IL 60914 22557281 false false X N/A X 1969 IL 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. 24 19 0 35 0 3947709 3931796 0 6006952 4503315 9698 391513 9964359 8826624 1445948 1463433 0 15216 8929 0 0 3497430 3691264 4958594 5163626 5005765 3662998 176055977 179659257 138528083 137302918 37527894 42356339 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. false false 1463433 1463433 Provide scholarships to 878 students from endowment earnings to Olivet Nazarene Univ. 83604 Funds provided for educational programs, internships, and center for student success from endowment earnings. 1547037 true true false false false false false false false true false false false true true false true true false false false false false false false false false false true true false false false false false false false false false false false true false false false false true false false false true 48 0 true 0 false false false false false false false false false 0 false false false false false false false false false false false false X 24 19 true false false false false false false true true true false false true true true true true false false false X Matthew Foor 8159395079 One University Avenue Bourbonnais IL 60914 Mr Mel Sayes Chairman 1.00 0.00 X X 0 0 0 Mr Harvey Gifford Director 1.00 0.00 X 0 0 0 Dr Samuel Mayhugh Director 1.00 0.00 X 0 0 0 Mr Richard Dykhouse Director 1.00 0.00 X 0 0 0 Dr Jeriel A Beard Director 1.00 0.00 X 0 0 0 Mrs Phyllis McSwaim Director 1.00 0.00 X 0 0 0 Mr David L Miller Director 1.00 0.00 X 0 0 0 Mrs Joyce E Burggraf Director 1.00 0.00 X 0 0 0 Mr John Mongerson Director 10.00 35.00 X X 0 96013 24884 Dr John Bowling President 5.00 40.00 X X 0 291218 70292 Mr Barry Huebner Director 1.00 0.00 X 0 0 0 Mr Christopher Shride Director 1.00 0.00 X 0 0 0 Dr R Mark Phillips Director 1.00 0.00 X 0 0 0 Rev David McCool Director 1.00 0.00 X 0 0 0 Mr Richard McHie Director 1.00 0.00 X 0 0 0 Mr Kevin Sims Director 1.00 0.00 X 0 0 0 Mr Donald Dreisbach Director 1.00 0.00 X 0 0 0 Dr William Slattery Director 1.00 0.00 X 0 0 0 Dr Douglas Perry Treasurer 5.00 40.00 X X 0 176913 40292 Dr Brian Allen Vice President 5.00 40.00 X 0 164540 22046 George Kalemkarian Director 1.00 0.00 X 0 0 0 Mr Julian Jarvis Director 1.00 0.00 X 0 0 0 Mr Dan Rexroth Vice Chairman 1.00 0.00 X 0 0 0 Dr Carol Summers Vice President 0.00 40.00 X 0 167728 29488 Dr David Pickering Vice President 5.00 40.00 X 0 159586 34179 Mr Woody Webb Vice President 0.00 40.00 X 0 159947 15792 Dr Ryan Spittal Vice President 0.00 40.00 X 0 162351 21162 Dr Ron Hyson Executive Dir. 5.00 40.00 X 0 109584 15792 Dr Jay Martinson Chair Communicatio 0.00 50.00 X 0 134579 26714 Dr Houston Thompson Dean, Engineering 0.00 50.00 X 0 167696 31664 Karen Dowling Dir of Grad Educ 0.00 50.00 X 0 117946 20424 Dr David VanHeemst Chair, His & Pol 0.00 50.00 X 0 135491 23841 Dennis Seymour Chief Inf Officer 0.00 50.00 X 0 121751 22704 2165343 399274 0 false true false Morgan Stanley Smith Barney 395 Wm Latham Drive Bourbonnais IL 60914 Investment Managemen 90500 CommonFund 15 Old Danbury Road Wilton CT 06897 Investment Managemen 49410 0 3931796 841119 3931796 0 4013378 4013378 0 0 0 14220594 13730657 489937 489937 489937 0 0 0 Change in value of CRT 84726 84726 Transfers from ONU 306787 306787 391513 8826624 4894828 0 1463433 1463433 0 0 0 0 8929 8929 0 0 0 0 0 9400 9400 0 0 139910 139910 13503 13503 2190 1190 1000 7055 5318 1737 480 480 0 4 4 19416 4130 15286 0 0 3139642 3139642 167479 46432 121047 0 0 Present Value Adj to Annuities 183529 183529 Meals 7813 3618 4195 Fees 843 843 0 5163626 1547037 3616589 0 0 1088408 1170407 881078 0 0 0 1470000 1470000 0 0 0 42797061 46884069 453642 461802 0 0 130246866 128791901 176055977 179659257 288905 55313 124638383 124112174 13600795 13135431 138528083 137302918 X 683823 751017 10270183 12562487 26573888 29042835 37527894 42356339 176055977 179659257 3662998 1165447 X false true X true false X X 1 Olivet Nazarene University 362191252 2 false 0 0 1 0 true false false false false false false false false false false false false false false false true Part IV, Section B, Line 1: Explanation Of How Supported Orgs. Managed Actvities Board of Directors approved by Board of Trustees of ONU Part IV, Section B, Line 2: Providing Benefit Carried Out the Purposes of Supported Orgs. Funds support student scholarships and programs of ONU. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26152839 2883194 6802 29042835 22481892 3664802 6145 26152839 20790024 1681304 10564 22481892 18212457 2579132 -1565 20790024 17382566 828730 1161 18212457 true false false Accrued interest income 59787 Assets held under charitable trusts 5700537 Cash surrender value of life insurance 20183 Property held for investment 33000 128791901 Annuities payable 1711334 Trust fund liabilities 11424097 13135431 9852161 1165447 1165447 8686714 139910 139910 8826624 5023716 5023716 139910 139910 5163626 Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib Organization serves as Trustee of Charitable Remainder Trusts. All assets are on the balance sheet. Earnings are excluded from the income statements. Part V, Line 4: Intended uses of the endowment fund. For scholarships or other educational programs administered by ONU. true 0 0 Scholarships to individuals 878 1463433 Grantmaker's Description of How Grants are Used Scholarship records awarded and maintained through joint efforts of Development, Registrar, and Financial Aid Offices. X X X X true true X X false false false false false false false true false false Dr Brian Allen Vice President 148824 9239 6477 14882 7164 186586 Dr Carol Summers Vice President 148824 9239 9665 22324 7164 197216 Dr David Pickering Vice President 153785 9239 -3438 18387 15792 193765 Dr David VanHeemst Chair, His & Pol 80488 670 54333 8049 15792 159332 Dr Douglas Perry Treasurer 157071 8247 11595 24500 15792 217205 Dr Houston Thompson Dean, Engineering 111003 670 56023 24500 7164 199360 Dr Jay Martinson Chair Communicatio 78013 670 55896 10922 15792 161293 Dr John Bowling President 253575 11066 26577 24500 45792 361510 Dr Ryan Spittal Vice President 153289 9239 -177 5370 15792 183513 Mr Woody Webb Vice President 143693 9117 7137 15792 175739 Part I, Line 1a: Relevant information in regards to selections on 1a. Travel for companions is covered under written policy. IF there is no business purpose, the amount is taxed to the employee.Various taxable benefits are grossed up to employees.Housing allowance is available for ministers in accordance with IRS regulations.President is required to live in University housing.The University pays for the President's house (owned by the University) to be cleaned.Country club dues are paid for the University President. Any business use is paid and documented. Personal use is reimbursed by employee. Part I, Line 7: Non-Fixed payments not listed above Occasional compensation may be merited for additional work. This is never based on results of operations or income of the University. X 10 698033 FMV X 1 128829 FMV X Grain 1 3848 FMV X Corn 1 10409 FMV false false false Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address All directors addresses are listed on tax return. Only ex officio employees of ONU can be reached at organization address. Form 990, Part VI, Line 11b: Form 990 Review Process Prepared internally and reviewed by external auditors prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Questionnaire completed by members. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Copy kept in University Library. Also, available upon request. Olivet Nazarene University One University Avenue Bourbonnais IL 60914 362191252 Education IL 501 (c) 3 2 Type I NA false Charitable Remainder Trusts 16 387 S Main St Bourbonnais IL 60914 IL N/A false true false false true false false false false false true false false true false false false false false false Olivet Nazarene University a 1 See J below Olivet Nazarene University d 122978394 FMV Olivet Nazarene University j 3139276 Int sale/leaseb Olivet Nazarene University m 121047 % of assets