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Filing year 2023

Olivet Nazarene University Foundation

Bourbonnais, Illinois·EIN 23-7063419·NTEE B42I · Education·501(c)(3)
Total revenue
$9.2M
Total assets
$192.8M
Total expenses
$6.4M
Reported officers
24
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.

Executive Director
25th percentile to median
$81k
$89k
President
25th percentile to median
$76k
$84k
VP of Enrollment Management
Vice President
10th to 25th percentile
$60k
$67k
Vice President for Finance, CFO
10th to 25th percentile
$46k
$51k
VP of Academic Affairs
Vice President
10th to 25th percentile
$36k
$40k
VP of Operations
Vice President
10th to 25th percentile
$30k
$33k
VP Institutional Advancement
Vice President
Below 10th percentile
$20k
$23k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Olivet Nazarene University Foundation equaled 1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 101%
from 2022

From $40k in 2022 to $81k in 2023.

$40k
2022
$81k
2023
In today's dollarsEst.
Up 94% in real terms$46k to $89k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 101% from 2022 to 2023, while revenue rose 12%.

$40k in 2022 to $81k in 2023.
  • Vice President pay rose 91% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Olivet Nazarene University Foundation

What does the Chief Executive Officer of Olivet Nazarene University Foundation earn?

In 2023, the Chief Executive Officer of Olivet Nazarene University Foundation received $80,999 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Education organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Olivet Nazarene University Foundation compare with similar nonprofits?

Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Executive Officer at Olivet Nazarene University Foundation falls between the 25th percentile and the median. In 2023, the highest total compensation at Olivet Nazarene University Foundation equaled 1% of the organization's total expenses. The median for education organizations is 7%.

What are Olivet Nazarene University Foundation's revenue and expenses?

In 2023, Olivet Nazarene University Foundation reported $9.2M in total revenue and $6.4M in total expenses on its IRS Form 990.

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