Civic Intelligence

Ohio Northern University Office of the Controller

EIN 34-4429091 • 501(c)3 • Ada, OH

Profile

Ohio northern university, a united methodist-related institution of higher learning, seeks to educate and graduate students accomplished in scholastic achievement, prepared for a useful life and meaningful career, and inspired with a desire to contribute to the good of humankind consistent with judeo-christian ideals. Ohio northern university is a leading, private, student-centered institution of increasing regional and national prominence. It offers a diverse, dynamic, and unique learning community offering rigorous professional programs in partnership with the arts and the sciences to prepare individuals for lifelong challenges in the 21st century.

525 South Main StreetAda, OH 45810

www.onu.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.26x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.65x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

39th percentile

1.3%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

30th percentile

$538,249

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

27th percentile

1.2%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

51st percentile

9.1%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$418,819,955

Up $5,310,780 (+1.3%) from 2023

Liabilities

Down

$111,256,962

Down $2,695,871 (-2.4%) from 2023

Net Assets

Up

$307,562,993

Up $8,006,651 (+2.7%) from 2023

Revenue

Down

$154,160,384

Down $18,207,529 (-11%) from 2023

Expenses

Up

$158,139,749

Up $970,923 (+0.6%) from 2023

Net Income

Down

-$3,979,365

Down $19,178,452 (-126%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $347,310,927Liabilities 2010: $143,595,247Net Assets 2010: $203,715,6802010Assets 2011: $371,170,154Liabilities 2011: $145,574,086Net Assets 2011: $225,596,0682011Assets 2012: $359,467,643Liabilities 2012: $148,069,199Net Assets 2012: $211,398,4442012Assets 2013: $359,912,623Liabilities 2013: $126,334,805Net Assets 2013: $233,577,8182013Assets 2014: $366,829,044Liabilities 2014: $121,288,787Net Assets 2014: $245,540,2572014Assets 2015: $357,348,036Liabilities 2015: $120,850,364Net Assets 2015: $236,497,6722015Assets 2016: $340,789,552Liabilities 2016: $101,383,229Net Assets 2016: $239,406,3232016Assets 2017: $342,723,878Liabilities 2017: $97,541,558Net Assets 2017: $245,182,3202017Assets 2018: $349,244,238Liabilities 2018: $98,963,172Net Assets 2018: $250,281,0662018Assets 2019: $358,843,373Liabilities 2019: $115,809,293Net Assets 2019: $243,034,0802019Assets 2020: $362,776,162Liabilities 2020: $117,910,310Net Assets 2020: $244,865,8522020Assets 2021: $404,751,449Liabilities 2021: $124,590,673Net Assets 2021: $280,160,7762021Assets 2022: $417,060,447Liabilities 2022: $120,025,232Net Assets 2022: $297,035,2152022Assets 2023: $413,509,175Liabilities 2023: $113,952,833Net Assets 2023: $299,556,3422023Assets 2024: $418,819,955Liabilities 2024: $111,256,962Net Assets 2024: $307,562,9932024

Highlighted filing

2024

Assets$418,819,955
Liabilities$111,256,962
Net Assets$307,562,993

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $143,632,9142010Expenses 2011: $149,433,7152011Expenses 2012: $150,095,8832012Expenses 2013: $162,055,5472013Revenue 2014: $161,897,394Expenses 2014: $157,024,201Net Income 2014: $4,873,1932014Revenue 2015: $139,159,836Expenses 2015: $135,401,521Net Income 2015: $3,758,3152015Revenue 2016: $136,512,673Expenses 2016: $131,517,951Net Income 2016: $4,994,7222016Revenue 2017: $132,761,673Expenses 2017: $135,373,565Net Income 2017: -$2,611,8922017Revenue 2018: $133,423,168Expenses 2018: $138,566,013Net Income 2018: -$5,142,8452018Revenue 2019: $136,172,423Expenses 2019: $137,717,616Net Income 2019: -$1,545,1932019Revenue 2020: $143,966,849Expenses 2020: $139,899,317Net Income 2020: $4,067,5322020Revenue 2021: $142,350,114Expenses 2021: $142,731,930Net Income 2021: -$381,8162021Revenue 2022: $166,164,613Expenses 2022: $153,115,507Net Income 2022: $13,049,1062022Revenue 2023: $172,367,913Expenses 2023: $157,168,826Net Income 2023: $15,199,0872023Revenue 2024: $154,160,384Expenses 2024: $158,139,749Net Income 2024: -$3,979,3652024

Highlighted filing

2024

Revenue$154,160,384
Expenses$158,139,749
Net Income-$3,979,365

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$419$111$308$154$158$3.98
2023Detailed filing. Detailed filing data is available for this year.$414$114$300$172$157$15.2
2022Detailed filing. Detailed filing data is available for this year.$417$120$297$166$153$13.0
2021Detailed filing. Detailed filing data is available for this year.$405$125$280$142$143$0.38
2020Detailed filing. Detailed filing data is available for this year.$363$118$245$144$140$4.07
2019Detailed filing. Detailed filing data is available for this year.$359$116$243$136$138$1.55
2018Detailed filing. Detailed filing data is available for this year.$349$99.0$250$133$139$5.14
2017Detailed filing. Detailed filing data is available for this year.$343$97.5$245$133$135$2.61
2016Detailed filing. Detailed filing data is available for this year.$341$101$239$137$132$4.99
2015Detailed filing. Detailed filing data is available for this year.$357$121$236$139$135$3.76
2014Detailed filing. Detailed filing data is available for this year.$367$121$246$162$157$4.87
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$360$126$234$162
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$359$148$211$150
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$371$146$226$149
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$347$144$204$144
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 14, 2025
Return Version
2023v6.0
Gross Receipts
$160,770,092
Mission and Program Overview

Mission

Ohio northern's purpose is to help students develop into self reliant, mature individuals open to the contemporary world, active in learning and sensitive to higher values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$142,476,065$141,015,405▼ $1,460,660
Investments in Publicly Traded Securities$123,467,243$138,921,217▲ $15,453,974
Investments Other Securities$79,225,894$79,622,096▲ $396,202
Savings and Temporary Cash Investments$20,036,803$10,472,716▼ $9,564,087
Pledges and Grants Receivable$10,178,535$8,830,760▼ $1,347,775
Other Notes and Loans Receivable, Net$8,469,463$7,886,772▼ $582,691
Prepaid Expenses and Deferred Charges$2,031,409$1,895,309▼ $136,100
Accounts Receivable$711,108$805,023▲ $93,915
Inventories for Sale or Use$230,360$223,723▼ $6,637
Cash and Non-Interest-Bearing Accounts$2,282$4,022▲ $1,740
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$413,509,175$418,819,955▲ $5,310,780
Other Assets Total$26,680,013$29,142,912▲ $2,462,899
Liabilities
Mortgage Notes Payable Secured by Investment Property$64,267,697$63,253,098▼ $1,014,599
Tax Exempt Bond Liabilities$25,005,557$24,774,125▼ $231,432
Other Liabilities$11,361,493$11,487,761▲ $126,268
Accounts Payable and Accrued Expenses$10,909,747$8,611,154▼ $2,298,593
Deferred Revenue$2,408,339$3,130,824▲ $722,485
Total Liabilities$113,952,833$111,256,962▼ $2,695,871
Net Assets / Fund Balance
Net Assets With Donor Restrictions$236,078,225$250,385,415▲ $14,307,190
Net Assets Without Donor Restrictions$63,478,117$57,177,578▼ $6,300,539
Total Net Assets Fund Balance$299,556,342$307,562,993▲ $8,006,651
Total Liabilities and Net Assets / Fund Balance$413,509,175$418,819,955▲ $5,310,780

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$108,524,181$136,048,329$244,572,510
Equipment$8,730,222$24,155,242$32,885,464
Other Land Buildings$15,601,727$7,133,778$22,735,505
Land$8,159,275-$8,159,275
Other Assets Org$415,377--
Other Securities$60,612,360--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$203,437,069$3,379,070▲ $18,118,408$3,689,839$216,103,158
2022$212,243,134$5,461,113▼ $5,480,928$2,902,230$203,437,069
2021$196,204,911$10,308,247▲ $15,412,306$3,043,060$212,243,134
2020$164,215,799$3,406,831▲ $39,962,931$3,710,830$196,204,911
2019$160,642,901$6,255,074▲ $8,068,694$3,784,720$164,215,799
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Melissa J BaumannPresidentFT$440,313$74,079$514,392
Charles H Rose IiiDean, College of LawFT$300,120$22,234$322,354
Shannon M SpencerVP for University AdvancementFT$265,473$24,790$290,263
Jason M BrogeVP for Financial AffairsFT$175,373$68,888$244,261
Dr John C NavinDean, College of BusinessFT$216,264$21,871$238,135
Dr John-david S YoderDean, College of EngineeringFT$222,200$15,343$237,543
Dr Juliet K HurtigProvostFT$194,041$29,826$223,867
Dr Daniel a DibiasioPresident EmeritusFT$189,583$3,120$192,703
Dr Andrew M RoeckerChair, University CouncilFT$141,856$9,795$151,651
Jennifer L RobySecretaryFT$70,005$4,804$74,809

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo Services INCDining Services9801 WASHINGTON BLVD, STE 1446, Gaithersburg, MD 20878-5355$5,534,662
Sodexo INC & AffiliatesMaintenance Services10 EARHART DR, STE 500, Williamsville, NY 14221-7078$4,439,752
Bhdp ArchitectureArchitectural Services302 W 3RD ST, STE 100, Cincinnati, OH 45202-3434$662,861
Carnegie Dartlet LLCAdvertising & Promotional Services210 LITTLETON RD, Westford, MA 01886-3580$592,678
People Driven Technology INCTechnology Services6300 VENTURE HILLS BLVD SW, Byron Center, MI 49315$458,419
Revenue and Support

Revenue Composition

Contributions and Grants
$8,114,844
Program Service Revenue
$135,605,655
Investment Income
$10,386,758
Other Revenue
$53,127
All Other Contributions
$7,281,893
Change in Net Assets
$-3,979,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$93,234,683
Revenue Not Reported on Financial Statements
$60,925,701
Revenue Not Reported on Form 990
$9,567,635
Other Revenue Adjustments
$60,609,105
Total Revenue per Audited Statements
$102,802,318
Total Revenue per Form 990
$154,160,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,744,938
Salaries, Compensation, and Employee Benefits$51,095,634
Other Expenses$46,299,177
Total Fundraising Expense$2,134,720
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$60,609,105--$60,609,105
Other Salaries and Wages$33,188,323$4,502,498$1,447,593$39,138,414
Fees for Services Other$8,626,192$2,153,625$96,499$10,876,316
Depreciation Depletion$9,552,801$412,902-$9,965,703
Other Employee Benefits$5,253,505$386,168$57,276$5,696,949
Occupancy$5,063,823$101,568$1,355$5,166,746
Interest$121,639$3,336,121-$3,457,760
Travel$2,663,620$69,479$85,235$2,818,334
Payroll Taxes$2,303,157$366,651$98,244$2,768,052
Pension Plan Contributions$1,990,519$332,634$93,919$2,417,072
Office Expenses$2,180,557$76,096$53,788$2,310,441
Current Officers, Directors, Trustees, and Key Employees$142,404$932,743-$1,075,147
Other Expenses$953,706$222,183$1,786$953,706
Advertising$479,382$409,356$53,973$942,711
Insurance$461,518$446,641$799$908,958
All Other Expenses$649,750$78,205$84,599$812,554
Information Technology$362,232$173,634$5,042$540,908
Fees for Service Investment Mgmnt Fees-$316,596-$316,596
Fees for Services Legal$14,908$284,491-$299,399
Grants to Domestic Orgs$135,833--$135,833
Fees for Services Accounting$4,000$77,995-$81,995
Total Functional Expenses$141,096,763$14,908,266$2,134,720$158,139,749

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$158,139,749
Total Expenses per Audited Statements$97,287,042
Expenses per Audited Statements$97,214,048
Expenses Not Reported on Financial Statements$60,925,701
Other Expense Adjustments$60,609,105
Expenses Not Reported on Form 990$72,994
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ada-liberty Joint Ambulance DistrictAda, OH-Operational Support$75,000
Village of AdaAda, OH-Infrastructure Support$30,470
Liberty Township TrusteesAda, OH-Operational Support$30,363

International Summary

Offices
0
Employees
0
Spending
$10,810,716

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$10,810,716
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,521
Gaming Gross Income$60,600
Fundraising Direct Expenses$53,443
Gaming Direct Expenses$19,551
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Polar Bear Club Golf Outing$54,431$36,431$8,910$27,521
Law Golf Outing-Public Interest Scholarship$24,625$8,050$2,212$5,838
Total Events$100,096$65,521$53,443$12,078
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US Govt Refundable Advances$5,774,482
Annuities and Trusts Payable$2,898,021
Postretirement Medical Benefit$2,319,223
Other$496,035

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACounty of Hardin Ohio2020-11-24$26,788,866Advance refunding of series 2013a

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$26,788,866$22,713,255$975,000$534,900

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A

Dr. Melissa baumann and dr. Andrew roecker are paid employees of the university. Therefore, they are not considered independent voting members of the board.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The audit committee of the university has authority from the board of trustees for review of the form 990. A draft form 990 is provided to the audit committee at least one week before the filing deadline. Comments are requested and adjustments are made, if necessary, prior to filing form 990.

Form 990, Part VI, Line 12C Conflict of interest policy

A conflict of interest questionnaire is required to be completed annually by each officer, trustee, key employee, vice president, and college dean at the university. Results are summarized and reviewed by the vice president for financial affairs as well as the chair of the audit committee.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The president's compensation is reviewed annually by the committee on board governance of the board of trustees.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The president performs periodic compensation reviews of officers and key employees using compensation comparability information provided by human resources.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents and the conflict of interest policy are available upon written request. Annual audited financial statements are available on the university's website.

Filing and Contact Details

Filer

Filer Name
Ohio Northern University
EIN
34-4429091
Phone
4197722000
Address
525 SOUTH MAIN STREET, ADA, OH 45810

Signing Officer

Name
Jason M Broge
Title
VP Financial Affairs
Phone
4197722000
Signed
2025-04-14
Discuss with paid preparer
Yes

Organization Details

Formed
1871
Legal Domicile
Oh
Voting Board Members
25
Independent Board Members
23
Employees
1,726
Volunteers
773

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Ohio northern university, a united methodist-related institution of higher learning, seeks to educate and graduate students accomplished in scholastic achievement, prepared for a useful life and meaningful career, and inspired with a desire to contribute to the good of humankind consistent with judeo-christian ideals. Ohio northern university is a leading private, student-centered institution of increasing regional and national prominence. It offers a diverse, dynamic, and unique learning community offering rigorous professional programs in partnership with the arts and the sciences to prepare individuals for lifelong challenges in the 21st century.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in value of split interest agreement - 29231; actuarial adjustment to postretirement liability - -440803; change in beneficial interest perpetual trusts - 2902947;

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in accounting standards codification (asc) 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part III, Line 4 Collections of art - description of collections

All collections of works of art, historical treasures and similar assets are capitalized. The university received donations of various works of art in past years. The collection includes approximately 400 items and is displayed in several locations on campus. Items added to the collections are capitalized at costs if purchased or at estimated fair value on the acquisition date if donated. Collection items sold or removed are reported as unrestricted or temporarily restricted gains or losses depending on donor stipulations, if any, placed on the items at the time of the acquisition. It is the policy of the university to recognize contributions of works of art as a capitalized asset because the items are held for public exhibition rather than financial gain. However, such works of art are not subject to depreciation. Standard university procedures are used in accessioning, deaccessioning, cataloging and managing objects. The university provides a clean, safe and stable storage environment for its collections. There were no deaccessions in 2024 or 2023.

Schedule D, Part V, Line 4 Intended uses of endowment funds

Endowment funds of the university are used to provide scholarship opportunities to eligible students as well as enhancing experiential learning opportunities to the students attending the university.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Fundraising expense - 53443 gaming expense - 19551

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Student aid reclass - 60609105

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising expense - 53443 gaming expense - 19551

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Student aid reclass - 60609105

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IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt26VP FOR FINANCIAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt27SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt28DEAN, COLLEGE OF LAW
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT EMERITUS

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