Culver Educational Foundation

Organization Overview

Culver Educational Foundation is located in Culver, IN. The organization was established in 1935. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Culver Educational Foundation employed 563 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culver Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Culver Educational Foundation generated $284.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $101.4m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

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. INSTRUCTION WAS PROVIDED TO 838 STUDENTS FOR THE YEAR ENDED JUNE 30, 2021.


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.


FOUNDED IN 1902, CULVER SUMMER SCHOOLS AND CAMPS IS A FUN- FILLED, NATURALLY BEAUTIFUL 1,800-ACRE SETTING WHERE OVER 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. THE SUMMER SCHOOLS AND CAMPS PROGRAM WAS CANCELED FOR SUMMER 2020 DUE TO THE COVID-19 PANDEMIC. CULVER SUMMER SCHOOLS AND CAMPS LOOKS FORWARD TO CAMP IN SUMMER 2022 AND BEYOND.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hagerman Inc
General Contractor
$14,619,761
Flik Hospitality
School Dining Contractor
$4,695,170
Abbott Rapid Ox North America Llc
Health Care Supplies
$1,756,280
Hebard & Hebard Architects Inc
Architects
$696,099
Nepc
Investment Manager
$601,123
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$197,774,033
Noncash contributions included in lines 1a–1f $183,054,977
Total Revenue from Contributions, Gifts, Grants & Similar$197,774,033
Total Program Service Revenue$45,751,362
Investment income $7,619,083
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $208,729
Net Gain/Loss on Asset Sales $31,199,227
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $992,086
Miscellaneous Revenue$0
Total Revenue $284,232,929

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Culver Educational Foundation has recieved totaling $15,000.

Awarding OrganizationAmount
Everett & Doris Bernardo Family Foundation

Elgin, IL

PURPOSE: COLLEGE EDUCATIONCOLLEGE EDUCATIONCOLLEGE EDUCATION

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$452,520,338
Earnings$132,500,808
Admin Expense$3,343,714
Net Contributions$47,393,639
Other Expense$41,949,156
Ending Balance$587,121,915

Peer Organizations

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