funder logo

Mount Vernon Nazarene University

Mount Vernon Nazarene University

Mount Vernon, OH, US
501(c)3
EIN
31-0725957
School
Regional Funder
Subordinate Organization
funder logo

Mount Vernon Nazarene University

Mount Vernon, OH, US
501(c)3
EIN
31-0725957
School
Regional Funder
Subordinate Organization

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025

$69,234,477

Program Services
86%
Contributions
8%
Other
4%
Investments
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025

$71,980,344

Grants
44%
Salaries & Benefits
33%
Offices, Occupancy & IT
7%
Other
6%
Depreciation
4%
Fees to Service Providers
4%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$3,714,739
$5,381,336
+45%
Government Grants
$272,936
$224,726
-18%
Fundraising Events
$0
$0
-
Program Services
$53,761,306
$59,685,037
+11%
Membership Dues
$0
$0
-
Investments
$1,391,577
$1,031,080
-26%
Other
$1,800,174
$2,912,298
+62%
Total Revenues
$60,940,732
$69,234,477
+14%
Expenses
2024
2025
Change
Grants
$27,906,074
$31,799,219
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,766,167
$23,914,798
+10%
Fees to Service Providers
$2,289,179
$2,626,052
+15%
Advertising & Promotion
$621,853
$967,243
+56%
Offices, Occupancy & IT
$4,950,191
$4,990,212
+1%
Interest
$253,093
$245,704
-3%
Depreciation
$2,800,047
$2,934,073
+5%
Other
$4,584,407
$4,503,043
-2%
Total Expenses
$65,171,011
$71,980,344
+10%
Net income
2024
2025
Change
Net income
-$4,230,279
-$2,745,867
+35%
Functional Expenses
Summary
2024
2025
Change
Program
$50,746,081
$62,566,060
+23%
Admin
$13,252,569
$8,300,287
-37%
Fundraising
$1,172,361
$1,113,997
-5%
Total Expenses
$65,171,011
$71,980,344
+10%
Income Statement
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