Culver Educational Foundation
84% goes to programs $12 to raise $100 Strong reserves Declining revenue
Culver Educational Foundation is a 501(c)(3) organization based in Culver, Indiana, registered in 1935, with $180,410,012 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
1300 Academy Road No 159, Culver, IN, 46511 EIN 35-0868071 Since 1935
Revenue (FY2023)
$180.4M
▲ 87.2% vs prior year
Education median: $200K
Expenses (FY2023)
$102.8M
Net assets
$979.6M
Employees
1,104
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $12 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Culver Educational Foundation: 84% to programs · $12 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating114 mo reserves · +43% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Culver Educational Foundation: 114 mo reserves · +43% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Culver Educational Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Culver Educational Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
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 nearly 1,400 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.
Student services programs: a variety of student services and activities were provided, including barber shop, laundry-dry cleaning, dining hall, and student health services.
Contact & location
- Address
- 1300 Academy Road No 159, Culver, IN, 46511
- City
- Culver
- State
- Indiana
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $131.3M (FY2013) to $180.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $77.0MNet assets $979.6M
Operating margin
43.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$77.0M
Net assets
$979.6M
Salaries & benefits
$47.6M
46% of expenses
Board members
39
39 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $180,410,012▲87.2% | $102,801,914▲7.1% | $979,594,698▲9.9% | $1,056,573,165▲8.8% | 990 |
| 2022 | $96,364,611▼57.9% | $95,943,658▲8.2% | $891,287,412▲6.6% | $971,130,967▲5.8% | 990 |
| 2021 | $229,060,025▼19.4% | $88,696,071▼12.5% | $836,297,493▲3.6% | $918,253,821▲2.8% | 990 |
| 2020 | $284,232,929▲243% | $101,386,013▲24.9% | $807,524,622▲59.9% | $893,652,774▲50.5% | 990 |
| 2019 | $82,825,378▼17.7% | $81,157,847▼1.6% | $504,997,592▼2.7% | $593,773,481▼1.7% | 990 |
| 2018 | $100,630,654▼21.7% | $82,458,811▼0.9% | $519,006,617▲2.6% | $604,123,033▲3.1% | 990 |
| 2017 | $128,596,449▲58.9% | $83,172,105▲4.4% | $505,925,792▲9.8% | $586,058,212▲7.0% | 990 |
| 2016 | $80,933,460▼19.8% | $79,686,421▲4.7% | $460,799,226▲6.9% | $547,517,277▲3.5% | 990 |
| 2015 | $100,919,310▲25.3% | $76,106,639▲7.4% | $431,060,438▲1.3% | $528,944,957▲2.6% | 990 |
| 2014 | $80,516,962▼38.7% | $70,880,164▲1.3% | $425,555,164▲2.0% | $515,316,496▲2.2% | 990 |
| 2013 | $131,330,901 | $70,001,693▲2.7% | $417,397,602▲16.8% | $504,122,090▲14.3% | 990 |
| 2012 | — | $68,191,433▲1.4% | $357,251,134▲16.3% | $441,231,776▲10.9% | 990 |
| 2011 | — | $67,220,641▲3.8% | $307,193,422▼9.5% | $397,715,303▼4.9% | 990 |
| 2010 | — | $64,738,399▲6.7% | $339,397,705▲8.7% | $418,079,093▲7.3% | 990 |
| 2009 | — | $60,651,323 | $312,179,298 | $389,484,740 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Douglas O Bird — $405,654 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas O Bird | Head of Schools | 60 | $405,654 |
| Joshua Pretzer | Dean of Faculty | 50 | $190,711 |
| Michelle Hicks | Chief Human Resources Officer | 50 | $186,207 |
| Brian R Baker | Chief Financial Officer | 50 | $183,407 |
| Steven Pietraszek | Director of Enrollment Management, Admissions | 50 | $171,543 |
| Andrew Seddelmeyer | Deputy Head of Schools | 50 | $170,246 |
| Michael T Squires | Commandant of Cadets | 50 | $165,635 |
| Kimberly Cullen | Dean of Advising | 50 | $149,052 |
| Caren M Standfast | Dean of Culver Girls Academy | 50 | $113,955 |
| Andrew Ramsey | Trustee | 3 | — |
| Anthony Black | Trustee | 3 | — |
| Bernardo Quintana | Trustee | 3 | — |
| Christine Lauridsen Sand | Trustee | 3 | — |
| Col Dartanian Warr Usaf | Trustee | 3 | — |
| Craig J Duchossois | Vice President | 3 | — |
| Daniel Kopp | Trustee | 3 | — |
| Dave Chenn | Trustee | 3 | — |
| David M Culver | Vice President | 3 | — |
| Eric H Burns | Trustee | 3 | — |
| George T Devries III | Trustee | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Hagerman Inc | General Contractor | $18,303,735 |
| Flik Hospitality | School Dining Contractor | $8,076,026 |
| Hgr Consulting | General Contractor | $3,465,602 |
| Hebard & Hebard Architects Inc | Architects | $1,416,381 |
| Goldmans Sachs | Investment Manager | $910,860 |
Grants received · $17.5M total
167 grants to Culver Educational Foundation totaling $17.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Horizons | Education | 2024 | $1,032,000 |
| Ayco Charitable Foundation | Education | 2024 | $602,000 |
| The Bessemer Giving Fund | Annual fund | 2024 | $85,000 |
| American Online Giving Foundation Inc | General support | 2024 | $51,430 |
| American Endowment Foundation | Educational | 2024 | $38,500 |
| Midway USA Foundation Inc | To fund youth shoothing sports | 2024 | $23,528 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2024 | $12,967 |
| Stark Community Foundation Inc | Education | 2024 | $11,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $10,000 |
| Community Foundation of St Joseph County Inc | Restricted | 2024 | $9,400 |
| Charities Aid Foundation America | Charitable donation | 2024 | $8,958 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $8,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $8,000 |
| Denver Foundation | Secondary & high schools | 2024 | $8,000 |
Grants made · $1.6M in FY2023
1 grant totaling $1.6M in FY2023. All grants made by Culver Educational Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Lowenstine Fund Corporation | General support | $1,600,000 |
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Frequently asked questions
- Is Culver Educational Foundation a legitimate nonprofit?
- Yes. Culver Educational Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0868071, based in Culver, Indiana. Donations are tax-deductible.
- What is Culver Educational Foundation's EIN?
- Culver Educational Foundation's Employer Identification Number (EIN) is 35-0868071.
- How much revenue does Culver Educational Foundation report?
- Culver Educational Foundation reported $180,410,012 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Culver Educational Foundation's spending goes to programs?
- Culver Educational Foundation spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Culver Educational Foundation have?
- CharityIndex grades Culver Educational Foundation A, based on program efficiency and fundraising cost.
- How much does Culver Educational Foundation's highest-paid employee make?
- The highest reported compensation on Culver Educational Foundation's latest Form 990 is $405,654, paid to Douglas O Bird (Head of Schools).
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Explore more
Data for Culver Educational Foundation (EIN 35-0868071) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.