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 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

Culver's mission is 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.

Program Service Accomplishments

Program 1
Expenses: $37,615,741 Revenue: $49,508,823

Culver promises top academics, competitive athletics and education you need to be a leader and a responsible global citizen in high school, in college and beyond. Culver encourages you to develop...

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Culver promises top academics, competitive athletics and education you need to be a leader and a responsible global citizen in high school, in college and beyond. Culver encourages you to develop your individual interests and talents, all while helping you move beyond self-imposed limitations. Our mission to develop and nurture the whole person - mind, spirit and body - with our unique focus on leadership training means you receive the total educational experience that has set Culver above other schools for more than a century. Instruction is for grades 9-12, ranging from the arts and music to science, math and humanities as well as unique programs in leadership, wellness and a servant leadership project requirement for graduation.

Program 2
Expenses: $15,087,350

Culver Academies understands the financial commitment of an independent school education and focuses on maximizing our resources to provide opportunities to those families who qualify or warrant...

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Culver Academies understands the financial commitment of an independent school education and focuses on maximizing our resources to provide opportunities to those families who qualify or warrant assistance. Culver offers need based financial aid assistance as well as non-need-based awards. Need based aid depends solely on a family's financial profile and is independent from the admissions process. Scholarships / Merit awards are based on the strength of the candidate and can range from small amounts to full awards.

Program 3
Expenses: $9,010,095 Revenue: $10,476,633

Founded in 1902, Culver Summer Schools and Camps is a fun- filled, naturally beautiful 1,800-acre setting where nearly 1,300 young people from around the world, ages 7-17, develop positive...

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Founded in 1902, Culver Summer Schools and Camps is a fun- filled, naturally beautiful 1,800-acre setting where nearly 1,300 young people from around the world, ages 7-17, develop positive self-esteem through accomplishment and self-discipline. It is a high challenge-high support-high reward environment for learning leadership skills that improve personal confidence.

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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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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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