Culver Educational Foundation

EIN: 350868071 501(c)(3) Education

Culver, IN

Total Revenue
$96,364,611
Total Expenses
$95,943,658
Total Assets
$971,130,967
Net Assets
$891,287,412
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1894
Legal Domicile
IN
Phone
5748428292
Tax Period
2022-07-01 to 2023-06-30

Culver Educational Foundation, founded in 1894, is a mid-sized nonprofit in the Education sector that reported $96.4M in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. Net assets of $891.3M represent 111 months of operating reserves.

Mission

To educate its students for leadership and responsible citizenship in society by nurturing the whole individual- mind, spirit and body - through integrated programs that emphasize the cultivation of character.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $29,754,724
Program Service Revenue $58,676,355
Investment Income $4,379,542
Other Revenue $3,553,990
TOTAL REVENUE $96,364,611

Expense Breakdown

Grants Paid $16,687,350
Salaries & Benefits $43,099,705
Fundraising Expenses $5,021,151
Program Expenses $79,782,893
Other Expenses $36,156,603
TOTAL EXPENSES $95,943,658

Year-over-Year Comparison

2022 2021 Change
Revenue $96,364,611 $229,060,025 -0.6%
Expenses $95,943,658 $88,696,071 +0.1%
Net Income $420,953 $140,363,954 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
38
Independent Members
38
Employees
1066
Volunteers
1000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$757,196
Total Directors
39
$0
Key Employees
1
$176,613
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice President 3.0
Officer Director
$0 $0 $0
N/A Vice President 3.0
Officer Director
$0 $0 $0
N/A Secretary/Vice President Thru Sept 2022 6.0
Officer Director
$0 $0 $0
N/A Vice President 3.0
Officer Director
$0 $0 $0
N/A Chairman Emeritus/Vice President 10.0
Officer Director
$0 $0 $0
N/A Treasurer/Vice President Thru June 2023 8.0
Officer Director
$0 $0 $0
N/A Vice President 3.0
Officer Director
$0 $0 $0
N/A Chairman 8.0
Officer Director
$0 $0 $0
N/A Vice President 5.0
Officer Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee Thru June 2023 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee Thru June 2023 3.0
Director
$0 $0 $0
N/A Trustee 5.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 5.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee Thru June 2023 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 5.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Trustee 3.0
Director
$0 $0 $0
N/A Chief Financial Officer 50.0
Officer
$163,315 $41,789 $205,104
N/A Head of Schools 60.0
Officer
$374,697 $177,395 $552,092
N/A Dean of Girls 50.0
Key Emp
$151,790 $24,823 $176,613
N/A Deputy Head of Schools 50.0
Highest
$164,723 $195,640 $360,363
N/A Dean of Faculty 50.0
Highest
$191,039 $41,749 $232,788
N/A Commandant of Cadets 50.0
Highest
$162,370 $122,369 $284,739
N/A Chief Human Resources Officer 50.0
Highest
$187,351 $38,393 $225,744
N/A Director of Enrollment Management, Admissions 50.0
Highest
$168,242 $36,786 $205,028
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $96,364,611 $95,943,658 $971,130,967 $420,953
2022 $229,060,025 $88,696,071 $918,253,821 $140,363,954
2021 $284,232,929 $101,386,013 $893,652,774 $182,846,916
2020 $82,825,378 $81,157,847 $593,773,481 $1,667,531
2019 $100,630,654 $82,458,811 $604,123,033 $18,171,843
2018 $128,596,449 $83,172,105 $586,058,212 $45,424,344
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