Earlham Foundation
- Assets
- $474.9m
- Revenue
- $26.8m
- Investments
- $301.3m
- Employees
- 0
- Location
- Richmond, IN
- Founding
- 11/2016
- Data as of
- 06/2021
- EIN
- 35-6014491
Organization Overview
Earlham Foundation is located in Richmond, IN. The organization was established in 2016. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earlham 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, Earlham Foundation generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $69.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVES AND HOLDS GIFTS MADE TO EARLHAM COLLEGE.
Describe the Organization's Program Activity:
MANAGING THE INVESTMENT PORTFOLIO FOR ENDOWED AND QUASI ENDOWED FUNDS FOR THE BENEFIT OF EARLHAM COLLEGE AND EARLHAM SCHOOL OF RELIGION, A PROGRAM THEREOF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz Llc Investment Services | 6/29/21 | $323,575 |
Acadian Asset Management Llc Investment Services | 6/29/21 | $268,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,895,420 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,895,420 |
| Total Program Service Revenue | $0 |
| Investment income | $3,502,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,390,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,788,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,837,817 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $845,995 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $69,683,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,971,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $168,597,139 |
| Investments—other securities | $301,285,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,854,358 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $218,076,652 |
| Total liabilities | $218,076,652 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $256,777,706 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $474,854,358 |
Endowment Analysis
| Beg. Balance | $380,029,047 |
| Earnings | $127,436,716 |
| Net Contributions | $2,895,420 |
| Grants | $35,540,629 |
| Ending Balance | $474,820,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Earlham Foundation Richmond, IN | $474,854,358 | $26,788,184 |
Tcs Education System Chicago, IL | $58,844,634 | $63,686,418 |
Cooperative Educational Service Agency 6 Oshkosh, WI | $21,335,292 | $28,921,426 |
St Augustine Preparatory Academy Inc Milwaukee, WI | $57,201,795 | $17,148,722 |
The Center Resources For Teaching And Learning Arlington Heights, IL | $6,192,326 | $12,914,768 |
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Action For Healthy Kids Inc Chicago, IL | $3,842,848 | $2,908,557 |
Kids First Chicago For Education Chicago, IL | $7,952,532 | $6,200,779 |
Southeast South-Central Educational Cooperative Richmond, KY | $1,249,010 | $3,554,543 |
The Nucleus Real Properties Inc Louisville, KY | $0 | $6,292,812 |
High Jump Chicago, IL | $1,713,068 | $2,378,677 |