CULVER EDUCATIONAL FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CULVER EDUCATIONAL FOUNDATION (EIN 35-0868071)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202641359349302579
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T08:27:50+00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 West Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606061224ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN350868071EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Culver Educational FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCULVBusinessNameControlTxt
Phone5748428292PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Academy Road No 159AddressLine1Txt
CityCulverCityNm
State AbbreviationINStateAbbreviationCd
ZIP465111291ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDouglas O BirdPersonNm
Person TitleHead of SchoolsPersonTitleTxt
Phone5748428292PhoneNum
Signature2026-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJennifer BurkePreparerPersonNm
PTINP01342224PTIN
Phone3128997000PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Douglas O BirdBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Academy Road No 159AddressLine1Txt
CityCulverCityNm
State AbbreviationINStateAbbreviationCd
ZIP465111291ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$282,093,717GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.culver.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1894FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTo 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.ActivityOrMissionDesc
Voting Members Governing Body39VotingMembersGoverningBodyCnt
Voting Members Independent39VotingMembersIndependentCnt
Total Employee1094TotalEmployeeCnt
Total Volunteers1000TotalVolunteersCnt
Total Gross UBI$14,205TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$41,983,237PYContributionsGrantsAmt
CY Contributions Grants$26,582,002CYContributionsGrantsAmt
PY Program Service Revenue$62,634,798PYProgramServiceRevenueAmt
CY Program Service Revenue$66,689,793CYProgramServiceRevenueAmt
PY Investment Income$72,508,413PYInvestmentIncomeAmt
CY Investment Income$42,785,580CYInvestmentIncomeAmt
PY Other Revenue$3,283,564PYOtherRevenueAmt
CY Other Revenue$4,046,064CYOtherRevenueAmt
PY Total Revenue$180,410,012PYTotalRevenueAmt
CY Total Revenue$140,103,439CYTotalRevenueAmt
PY Grants And Similar Paid$17,901,931PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$18,860,441CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$47,625,787PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$55,833,790CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,618,517CYTotalFundraisingExpenseAmt
PY Other Expenses$37,274,196PYOtherExpensesAmt
CY Other Expenses$40,413,504CYOtherExpensesAmt
PY Total Expenses$102,801,914PYTotalExpensesAmt
CY Total Expenses$115,107,735CYTotalExpensesAmt
PY Revenues Less Expenses$77,608,098PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$24,995,704CYRevenuesLessExpensesAmt
Total Assets BOY$1,056,573,165TotalAssetsBOYAmt
Total Assets EOY$1,096,152,759TotalAssetsEOYAmt
Total Liabilities BOY$76,978,467TotalLiabilitiesBOYAmt
Total Liabilities EOY$36,573,784TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$979,594,698NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,059,578,975NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCulver'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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$44,849,023ExpenseAmt
Grant$1,600,000GrantAmt
Revenue$56,468,490RevenueAmt
DescCulver 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$17,260,441ExpenseAmt
Grant$17,260,441GrantAmt
DescCulver 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$10,759,589ExpenseAmt
Revenue$11,635,018RevenueAmt
DescFounded 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtRevenueRevenueAmtDescDesc
$22,329,059$914,003Student Services Programs: A variety of student services and activities were provided, including Barber Shop, Laundry-Dry Cleaning, Dining Hall, and Student Health Services.
Student Services Programs, General/Other: Auxiliary services such as required uniform and a campus bookstore provided for the convenience of students.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$22,329,059TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$914,003TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$95,198,112TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document215IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1094EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members39GoverningBodyVotingMembersCnt
Independent Voting Member39IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
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Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIAN R BAKERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5748428292PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Academy Road No 159AddressLine1Txt
CityCulverCityNm
State AbbreviationINStateAbbreviationCd
ZIP465111291ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (48 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Craig J Duchossois
Vice President3.00.0Yes (X)Yes (X)$0$0$0
David M Culver
Vice President3.00.0Yes (X)Yes (X)$0$0$0
Harry L Crisp II
Vice President3.00.0Yes (X)Yes (X)$0$0$0
James A Henderson
Chairman Emeritus/Vice President10.00.0Yes (X)Yes (X)$0$0$0
John D Zeglis
Vice President3.01.0Yes (X)Yes (X)$0$0$0
John J Bollman
Secretary/Vice President3.00.0Yes (X)Yes (X)$0$0$0
Kathryn R Booth
Treasurer/Vice President5.01.0Yes (X)Yes (X)$0$0$0
Miles D White
Chairman8.01.0Yes (X)Yes (X)$0$0$0
Paul C Gignilliat
Vice President3.00.0Yes (X)Yes (X)$0$0$0
Andrew Ramsey
Trustee3.00.0Yes (X)$0$0$0
Anthony Black
Trustee3.00.0Yes (X)$0$0$0
Bernardo Quintana
Trustee3.00.0Yes (X)$0$0$0
Christine Lauridsen Sand
Trustee3.00.0Yes (X)$0$0$0
COL Dartanian Warr USAF
Trustee3.00.0Yes (X)$0$0$0
Daniel Kopp
Trustee3.00.0Yes (X)$0$0$0
Dave Chenn
Trustee3.00.0Yes (X)$0$0$0
Eric H Burns
Trustee3.00.0Yes (X)$0$0$0
George T DeVries III
Trustee3.00.0Yes (X)$0$0$0
James E Fellowes
Trustee3.01.0Yes (X)$0$0$0
James S Gault
Trustee3.00.0Yes (X)$0$0$0
Jeffrey A Desich
Trustee3.00.0Yes (X)$0$0$0
Joann L Callahan
Trustee3.00.0Yes (X)$0$0$0
Kimberly Hinshaw Tharin
Trustee3.00.0Yes (X)$0$0$0
Lara K Nicholson
Trustee3.00.0Yes (X)$0$0$0
Laura Schacht Bilicic
Trustee3.00.0Yes (X)$0$0$0
Marshall Stocker
Trustee3.00.0Yes (X)$0$0$0
MG John W Peabody US Army
Trustee3.00.0Yes (X)$0$0$0
Michael E Schrage
Trustee3.00.0Yes (X)$0$0$0
Michael R Wilcox
Trustee3.00.0Yes (X)$0$0$0
Rachel Redington Werner
Trustee3.00.0Yes (X)$0$0$0
Rajiv Chopra
Trustee3.00.0Yes (X)$0$0$0
Richard A Jennings
Trustee3.00.0Yes (X)$0$0$0
Robert C Vaughn
Trustee3.00.0Yes (X)$0$0$0
Robert H Ledbetter Jr
Trustee3.00.0Yes (X)$0$0$0
Sodiqa Williams
Trustee3.00.0Yes (X)$0$0$0
Thomas H Story
Trustee3.01.0Yes (X)$0$0$0
Tiffany Brooks Bernal
Trustee3.00.0Yes (X)$0$0$0
Tiffany S Kyser
Trustee3.00.0Yes (X)$0$0$0
Whitney K Alvis
Trustee3.00.0Yes (X)$0$0$0
Brian R Baker
Chief Financial Officer50.03.0Yes (X)$206,026$0$50,381
Douglas O Bird
Head of Schools60.00.0Yes (X)$445,422$0$203,022
Caren M Standfast
Dean of Culver Girls Academy50.00.0$135,506$0$269,776Yes (X)
Michael T Squires
Commandant of Cadets50.00.0$187,087$0$77,844Yes (X)
Andrew Seddelmeyer
Deputy Head of Schools50.00.0$179,649$0$165,388Yes (X)
David Bonner
Director of College Advising50.00.0$145,166$0$37,484Yes (X)
Joshua Pretzer
Dean of Faculty50.00.0$203,988$0$130,091Yes (X)
Michelle Hicks
Chief Human Resources Officer50.00.0$192,174$0$48,512Yes (X)
Steven Pietraszek
Director of Enrollment Management, Admissions50.00.0$179,532$0$41,097Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,874,550TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,023,595TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K130IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
BULLEY REWS
1755 W Armitage AveChicagoIL606221163GENERAL CONTRACTOR$12,252,549
FLIK HOSPITALITY
PO BOX 91337CHICAGOIL606931137SCHOOL DINING CONTRACTOR$8,308,852
HAGERMAN INC
PO BOX 11848FORT WAYNEIN468611848GENERAL CONTRACTOR$3,732,876
HGR CONSULTING
122 S MICHIGAN STSouth BendIN46601GENERAL CONTRACTOR$2,595,776SUITE 200
GOLDMANS SACHS
71 SA WACKER DRIVECHICAGOIL60606INVESTMENT MANAGER$889,463
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K35CntrctRcvdGreaterThan100KCnt
Fundraising$1,348,054FundraisingAmt
All Other Contributions$25,233,948AllOtherContributionsAmt
Noncash Contributions$5,089,204NoncashContributionsAmt
Total Contributions$26,582,002TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition & Fees for Students611110$66,350,028$66,350,028
Student events/transportation611110$339,765$339,765

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$66,689,793TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,766,007TotalRevenueColumnAmt
Unrelated Business Revenue$9,783UnrelatedBusinessRevenueAmt
Exclusion$15,756,224ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$523,603RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$188,954RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$334,649RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$334,649TotalRevenueColumnAmt
Related Or Exempt Func Income$57,315RelatedOrExemptFuncIncomeAmt
Exclusion$277,334ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$166,127,354SecuritiesAmt
Other$2,800OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$138,948,993SecuritiesAmt
Other$161,588OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$27,178,361SecuritiesAmt
Other-$158,788OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$27,019,573TotalRevenueColumnAmt
Exclusion$27,019,573ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$883,165FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,348,054ContriRptFundraisingEventAmt
Fundraising Direct Expenses$178,178FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$704,987TotalRevenueColumnAmt
Exclusion$704,987ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$4,160,486GrossSalesOfInventoryAmt
Cost Of Goods Sold$2,512,565CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,647,921TotalRevenueColumnAmt
Related Or Exempt Func Income$914,003RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$4,422UnrelatedBusinessRevenueAmt
Exclusion$729,496ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
International Medical Insurance611110$750,924$750,924
Special Events611110$261,213$261,213
Rebates611110$74,851$74,851

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$271,519TotalRevenueColumnAmt
Related Or Exempt Func Income$269,412RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,107ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,358,507OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$140,103,439TotalRevenueColumnAmt
Related Or Exempt Func Income$69,017,511RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$14,205UnrelatedBusinessRevenueAmt
Exclusion$44,489,721ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,600,000TotalAmt
Program Services$1,600,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$17,260,441TotalAmt
Program Services$17,260,441ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$691,300TotalAmt
Program Services$207,390ProgramServicesAmt
Management And General$207,390ManagementAndGeneralAmt
Fundraising$276,520FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$30,725,094TotalAmt
Program Services$25,330,731ProgramServicesAmt
Management And General$2,588,763ManagementAndGeneralAmt
Fundraising$2,805,600FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,675,000TotalAmt
Program Services$1,325,787ProgramServicesAmt
Management And General$220,692ManagementAndGeneralAmt
Fundraising$128,521FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,029,473TotalAmt
Program Services$15,926,261ProgramServicesAmt
Management And General$1,961,137ManagementAndGeneralAmt
Fundraising$1,142,075FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,712,923TotalAmt
Program Services$3,107,442ProgramServicesAmt
Management And General$382,646ManagementAndGeneralAmt
Fundraising$222,835FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$244,105TotalAmt
Program Services$0ProgramServicesAmt
Management And General$244,105ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$158,850TotalAmt
Program Services$0ProgramServicesAmt
Management And General$158,850ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt
Fundraising$0FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,597,822TotalAmt
Program Services$0ProgramServicesAmt
Management And General$3,597,822ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$10,252,643TotalAmt
Program Services$8,370,679ProgramServicesAmt
Management And General$1,696,071ManagementAndGeneralAmt
Fundraising$185,893FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$608,894TotalAmt
Program Services$36,192ProgramServicesAmt
Management And General$29,464ManagementAndGeneralAmt
Fundraising$543,238FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$721,457TotalAmt
Program Services$463,200ProgramServicesAmt
Management And General$128,409ManagementAndGeneralAmt
Fundraising$129,848FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,585,003TotalAmt
Program Services$685,053ProgramServicesAmt
Management And General$342,751ManagementAndGeneralAmt
Fundraising$557,199FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,315,843TotalAmt
Program Services$3,142,093ProgramServicesAmt
Management And General$173,750ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$575,896TotalAmt
Program Services$437,122ProgramServicesAmt
Management And General$57,761ManagementAndGeneralAmt
Fundraising$81,013FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$230,726TotalAmt
Program Services$192,888ProgramServicesAmt
Management And General$37,838ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$87,304TotalAmt
Program Services$82,735ProgramServicesAmt
Management And General$4,569ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,027,534TotalAmt
Program Services$7,606,891ProgramServicesAmt
Management And General$420,643ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,145,982TotalAmt
Program Services$1,085,933ProgramServicesAmt
Management And General$60,049ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Property Taxes$177,447$168,149$9,298$0
Program-Instructional Support$5,338,918$4,598,341$390,700$349,877
Maintenance-Equipment Rentals$2,301,907$2,157,351$143,962$594

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,043,173TotalAmt
Program Services$1,413,433ProgramServicesAmt
Management And General$434,436ManagementAndGeneralAmt
Fundraising$195,304FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$115,107,735TotalAmt
Program Services$95,198,112ProgramServicesAmt
Management And General$13,291,106ManagementAndGeneralAmt
Fundraising$6,618,517FundraisingAmt

Total Joint Costs TotalJointCostsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$23,586BOYAmt
EOY$44,322EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$53,190,018BOYAmt
EOY$59,781,063EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,938,115BOYAmt
EOY$7,227,813EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$121,630BOYAmt
EOY$50,587EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$2,953,197BOYAmt
EOY$3,007,035EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,489,428BOYAmt
EOY$2,897,191EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$335,555,573LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$163,052,642LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$155,412,791BOYAmt
EOY$172,502,931EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$464,315,762BOYAmt
EOY$428,395,264EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$337,779,895BOYAmt
EOY$404,683,075EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$14,348,743BOYAmt
EOY$17,563,478EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,056,573,165BOYAmt
EOY$1,096,152,759EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,839,104BOYAmt
EOY$6,345,777EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$24,864,654BOYAmt
EOY$25,581,203EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$38,300,000BOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$1,114,139BOYAmt
EOY$564,462EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,860,570BOYAmt
EOY$4,082,342EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$76,978,467BOYAmt
EOY$36,573,784EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$361,968,751BOYAmt
EOY$410,561,662EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$617,625,947BOYAmt
EOY$649,017,312EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$979,594,698BOYAmt
EOY$1,059,578,974EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,056,573,165BOYAmt
EOY$1,096,152,758EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$24,995,704ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$44,343,616NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$10,644,956OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$39,370OtherActivitiesAmt
Total Lobbying Expenditures$39,370TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationThe School is a member of a number of associations such as the National Association of Independent Schools, Independent Schools Association of the Central States and The Association of Boarding Schools, which may use a portion of membership dues to lobby on behalf of their members. Total dues paid to these organizations in Fiscal Year 2024-2025 were $39,370ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$621,371,900BeginningYearBalanceAmt
Contributions$12,041,111ContributionsAmt
Investment Earnings Or Losses$67,812,950InvestmentEarningsOrLossesAmt
Other Expenditures$20,599,796OtherExpendituresAmt
Administrative Expenses$3,597,822AdministrativeExpensesAmt
End Year Balance$677,028,343EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$568,533,395BeginningYearBalanceAmt
Contributions$22,868,990ContributionsAmt
Investment Earnings Or Losses$53,689,294InvestmentEarningsOrLossesAmt
Other Expenditures$21,000,002OtherExpendituresAmt
Administrative Expenses$2,719,777AdministrativeExpensesAmt
End Year Balance$621,371,900EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$546,615,333BeginningYearBalanceAmt
Contributions$9,952,638ContributionsAmt
Investment Earnings Or Losses$35,178,109InvestmentEarningsOrLossesAmt
Other Expenditures$20,502,605OtherExpendituresAmt
Administrative Expenses$2,710,080AdministrativeExpensesAmt
End Year Balance$568,533,395EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$587,121,915BeginningYearBalanceAmt
Contributions$9,609,163ContributionsAmt
Investment Earnings Or Losses-$26,915,190InvestmentEarningsOrLossesAmt
Other Expenditures$19,912,884OtherExpendituresAmt
Administrative Expenses$3,287,671AdministrativeExpensesAmt
End Year Balance$546,615,333EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$452,520,338BeginningYearBalanceAmt
Contributions$47,393,639ContributionsAmt
Investment Earnings Or Losses$132,500,808InvestmentEarningsOrLossesAmt
Other Expenditures$41,949,156OtherExpendituresAmt
Administrative Expenses$3,343,714AdministrativeExpensesAmt
End Year Balance$587,121,915EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.14BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.66PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.2TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,136,654OtherCostOrOtherBasisAmt
Book Value$3,136,654BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$244,517,482OtherCostOrOtherBasisAmt
Depreciation$122,954,796DepreciationAmt
Book Value$121,562,686BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$69,287,816OtherCostOrOtherBasisAmt
Depreciation$40,097,846DepreciationAmt
Book Value$29,189,970BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,613,621OtherCostOrOtherBasisAmt
Book Value$18,613,621BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$172,502,931TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Closely-held equity interests
Financial derivatives
Private Equity$104,177,628F
Hedge Funds$194,623,947F
Short term investments$90,407,914F
Real estate$5,657,236F
Miscellaneous other$169,557F
Private Credit$9,646,793F
FieldValueIRS element (for citing)
Total Book Value Securities$404,683,075TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Federal Income Taxes
Accrued pension liability
Interest rate swap agreement
Gift annuities$3,203,518
Capital Lease Agreement$878,824
FieldValueIRS element (for citing)
Total Liability$4,082,342TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$168,068,489TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$45,943,616NetUnrealizedGainsInvstAmt
Other Revenue-$17,260,441OtherRevenueAmt
Revenue Not Reported$28,683,175RevenueNotReportedAmt
Revenue Subtotal$139,385,314RevenueSubtotalAmt
Investment Expenses Not Incld$3,597,822InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$2,879,697OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$718,125RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$140,103,439TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$86,484,214TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,996,551OtherExpensesIncludedAmt
Expenses Not Reported$2,996,551ExpensesNotReportedAmt
Expenses Subtotal$83,487,663ExpensesSubtotalAmt
Investment Expenses Not Incld2$5,197,822InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$26,422,250OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$31,620,072ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$115,107,735TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 1a Collections of art - financial statement footnotePer Footnote 1 of the 2024-2025 audited financial statements: Contributions of works of art, historical treasures, and similar assets held as part of a collection for education, research or public exhibition purposes, rather than for sales or financial gain, are not recognized nor capitalized on the financial statements.
Schedule D, Part III, Line 4 Collections of art - description of collectionsThe Culver Educational Foundation maintains a collection of art works including portraits, paintings, photographs, and sculptures donated to the school. The Art Collection is housed within the Fine Arts Department, and items are displayed throughout campus on a rotating basis. The Crisp Arts Center has two galleries showcasing exhibits of the Culver collection. In addition, the School has a stamp collection maintained for student education, which is periodically displayed.
Schedule D, Part V, Line 4 Intended uses of endowment fundsThe School's endowment is used for support of financial aid, faculty salaries, capital projects, facilities maintenance, and academic and student projects.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe School is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, except to the extent the School has unrelated business income, is exempt from federal income taxes. There was no provision for income taxes due on unrelated business income in fiscal years 2025 and 2024. The School recognizes as tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the School's tax positions and concluded that the School had no material uncertainties in income taxes as of June 30, 2025, and 2024.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990Financial Aid - -17260441
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsCOGS Auxiliary Departments - -2512565 Auction Expense - -178178 Rental Expense - -188954
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990COGS Auxiliary Departments - 2512565 Auction Expense - 178178 Pledge Write-offs - 116854 Rental Expense - 188954
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsFinancial Aid - 17260441 Change in Charitable Annuities - 10867 Minimum Pension Liability - 6219636 PV of Future Swap - 169014 Change in CSV - 137170 Change in Trusts - 2625122

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYFormAndLineReferenceDesc
ExplanationThe Culver Educational Foundation's admissions materials and applications for Winter School and Summer Camps include a statement of the School's non-discrimination policy. Human Resources includes a non-discrimination statement on all recruitment materials and advertisements for employment with the school. The School's non-discrimination policy is publicly available on the website.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean00Investments$132,920,356
Sub-Saharan Africa00Investments$820,299
North America (Canada & Mexico only)00Investments$5,504,801
Europe (Including Iceland and Greenland)00Investments$50,276,353
Middle East and North Africa00Program Services$1,602Admissions Trips
Middle East and North Africa00Fundraising$535
North America (Canada & Mexico only)00Fundraising$58
North America (Canada & Mexico only)00Program Services$176Admissions Trips
Central America and the Caribbean00Program Services$998Admissions Trips
Central America and the Caribbean00Fundraising$333
Europe (Including Iceland and Greenland)00Program Services$1,049Admissions Trips
Europe (Including Iceland and Greenland)00Fundraising$350
South America00Program Services$2,759Admissions Trips
South America00Fundraising$920
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$189,530,589SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$189,530,589TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsFormAndLineReferenceDesc
ExplanationCENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-AccrualExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Parents AuctionEvent1Nm
Gross Receipts Event1$2,231,219GrossReceiptsEvent1Amt
Charitable Contri Event1$1,348,054CharitableContriEvent1Amt
Gross Revenue Event1$883,165GrossRevenueEvent1Amt
Food And Beverage Event1$4,232FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$173,946OtherDirectExpensesEvent1Amt
Gross Revenue Event2$0GrossRevenueEvent2Amt
Gross Revenue Other Events$0GrossRevenueOtherEventsAmt
Gross Receipts Total$2,231,219GrossReceiptsTotalAmt
Charitable Contributions Tot$1,348,054CharitableContributionsTotAmt
Gross Revenue Total Events$883,165GrossRevenueTotalEventsAmt
Food And Beverage Total Events$4,232FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$173,946OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$178,178DirectExpenseSummaryEventsAmt
Net Income Summary$704,987NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Lowenstine Fund CorporationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Academy RoadAddressLine1Txt
CityCulverCityNm
State AbbreviationINStateAbbreviationCd
ZIP465111291ZIPCd
FieldValueIRS element (for citing)
Recipient EIN851352682RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,600,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc
Purpose Of GrantGENERAL SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeMerit and need-based financial aidGrantTypeTxt
Recipient624RecipientCnt
Cash Grant$17,260,441CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant fundsFormAndLineReferenceDesc
ExplanationScholarships and need-based financial aid are granted to students who attend Culver Military Academy, Culver Girls Academy and the Culver Summer Schools and Camps. Scholarships are based upon merit, as determined by faculty-administrative staff committees, or upon financial need, determined by family information from SSS data. Detailed records are available at the Culver Educational Foundation. A Student Life committee reviews student academic performance and community involvement annually before renewing merit scholarships. Financial need is reviewed annually by the Financial Aid department before extending additional need-based aid. The School maintains records of the recipients and awards, which are available upon request.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Douglas O Bird
Head of Schools$444,547$0$0$0$875$0$108,179$0$94,843$0$648,444$0$0$0
Brian R Baker
Chief Financial Officer$205,487$0$0$0$539$0$21,315$0$29,066$0$256,407$0$0$0
Michael T Squires
Commandant of Cadets$186,638$0$0$0$449$0$17,120$0$60,724$0$264,931$0$0$0
Caren M Standfast
Dean of Culver Girls Academy$135,197$0$0$0$309$0$12,887$0$256,889$0$405,282$0$0$0
Joshua Pretzer
Dean of Faculty$203,454$0$0$0$534$0$44,966$0$85,125$0$334,079$0$0$0
Andrew Seddelmeyer
Deputy Head of Schools$179,148$0$0$0$501$0$18,786$0$146,602$0$345,037$0$0$0
Michelle Hicks
Chief Human Resources Officer$191,308$0$0$0$866$0$19,917$0$28,595$0$240,686$0$0$0
Steven Pietraszek
Director of Enrollment Management, Admissions$179,058$0$0$0$474$0$17,903$0$23,194$0$220,629$0$0$0
David Bonner
Director of College Advising$143,320$0$0$0$1,846$0$14,548$0$22,936$0$182,650$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal useThe Culver Academies is a residential boarding school. As a requirement of employment, the Head of Schools lives on campus and is provided housing owned by the School. Listed employees who received housing are: Douglas Bird - $12,000 The value of this housing is included in the individual's non-taxable benefits.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planDOUGLAS O BIRD, HEAD OF SCHOOLS, PARTICIPATED IN ONE OR MORE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS. THE CURRENT YEAR CONTRIBUTION WAS $50,000.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Contribution7ContributionCnt
Noncash Contributions Rpt F990$21,977NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - Donor appraisalMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Contribution76ContributionCnt
Noncash Contributions Rpt F990$4,405,629NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

FieldValueIRS element (for citing)
Contribution15ContributionCnt
Noncash Contributions Rpt F990$9,248NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - DONOR APPRAISALMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescStudent and AlumniDesc
Contribution486ContributionCnt
Noncash Contributions Rpt F990$652,350NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - DONOR APPRAISALMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received2Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributionsFormAndLineReferenceDesc
ExplanationThe School receives security gifts through its custodial bank, who uses a broker/dealer to process security contributions.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part I, Line 1Located in Culver, IN, Henry Harrison Culver first founded Culver Military Academy in 1894 "for the purpose of thoroughly preparing young men for the best colleges, scientific schools and businesses of America." Culver Summer Schools and Camps began in 1902 and today brings nearly 1,400 campers from around the world to Culver to learn leadership skills that improve personal confidence. Coeducational since 1971, Culver Girls Academy was founded for the purpose of encouraging young women to attain the highest degree of self-development. 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. In addition, significant activities at Culver include The Ron Rubin School for the Entrepreneur, a Senior Service Project, the Global Pathways Spring Program and the Culver Equestrian Program. In today's global marketplace, entrepreneurship is the indispensable element to America's growth and prosperity and absolutely essential to our continued economic and political leadership in the world. Founded in 2006, The Ron Rubin School for the Entrepreneur provides adventurous Culver students with dynamic opportunities to learn--and practice--the skills of entrepreneurship that will prepare them for the real-world challenges of the 21st century. The program's fundamental objectives include helping participants gain a deeper understanding of creative and innovative thinking, adaptability, articulating arguments, collaboration and competition, learning from failures, and developing a global mind-set. Through interaction with highly successful entrepreneurs, field trips to exciting destinations, and challenging tasks that require collaboration and teamwork, students gain a deeper appreciation for innovation, creativity, and the magic of the entrepreneurial spirit. The Senior Service Project is the capstone of a student's Culver career and a requirement to graduate. It affords students the opportunity to integrate the best of what they have learned about themselves and leadership through a self-initiated practical experience that culminates into a meaningful response to a social need within a defined community. The end result will lead to an increased sense of competence, purpose and enlightenment within each student. The Global Pathways Spring program (GPS) provides service-learning and cultural exchange opportunities for students, faculty, staff, and patrons who have a desire to learn about another culture and to live responsibly as global citizens. There have been trips to seven states, Puerto Rico and twenty-three countries. The Culver Equestrian Program teaches students and campers' teamwork, attention to detail, and leadership. The Black Horse Troop, Lancers, Equestriennes, and the Summer Mounted Drill Team offer students and campers the opportunity to acquire not only physical strength and ability, but also the broader qualities of patience, perseverance, grit, and courage - the true hallmarks of an equestrian.
Form 990, Part III, Line 1Culver educates its students for leadership and responsible citizenship in society by developing and nurturing the whole individual--mind, spirit, and body--through integrated programs that emphasize the cultivation of character. Culver offers challenging programs in our classrooms and on the athletic fields and a strong sense of community. Culver creates opportunities for students to practice critical thinking and problem-solving to deepen understanding. Our integrated wellness program helps students understand and practice healthy lifestyles. Our commitment to spiritual development includes required weekly religious services. We are a community who believes in educating its students in the virtues of wisdom, justice, courage and moderation. Culver's philosophy is embodied in its Honor Code, its student leadership systems, and Ethics and Service-Learning requirements for graduation. We have high ideals and equally high expectations.
Form 990, Part III, Line 4a-4c Description of program services(Expenses $ 22,329,059 including grants of $)(Revenue $ 914,003) Student Services Programs: A variety of student services and activities were provided, including Barber Shop, Laundry-Dry Cleaning, Dining Hall, and Student Health Services.
Form 990, Part III, Line 4a-4c Description of program services(Expenses $ including grants of $) Student Services Programs, General/Other: Auxiliary services such as required uniform and a campus bookstore provided for the convenience of students.
Form 990, Part VI, Line 1a Delegate broad authority to a committeeThe organization has an executive committee. The Executive Committee shall consist of the Chairman, the Vice Chairman (if one has been elected), the Head of Schools and at least two (2) other trustees elected by a majority of all the trustees at each annual board meeting. During intervals between meetings of the Board of Trustees, the Executive Committee shall have and exercise all of the authority of the Board of Trustees in the management of the Foundation, except where prohibited by law; provided, however, that the Executive Committee may only appropriate funds not budgeted or otherwise authorized by the Board of Trustees up to $75,000 total between Board meetings for the purposes of the Foundation; and provided, further, that the Executive Committee shall make no changes in policies of the Foundation without the express authority of the Board of Trustees. In addition to the authority granted in the preceding sentence, the Executive Committee, to the extent specified by the Board of Trustees, may exercise the authority of the Board of Trustees, except where prohibited by law. The Executive Committee shall cause minutes of its proceedings to be kept and filed with the minutes of the proceedings of the Board of Trustees, and shall make a report at each regular or special meeting of the Board of Trustees of all acts of the Committee since the last meeting of the board. A majority vote of the members of the Executive Committee shall be necessary for any action by the committee.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyThe Form 990 is prepared by the Business Office and reviewed by the Controller before external review by the School's tax firm. It is then reviewed and approved (excluding Schedule B) by the Budget, Audit and Human Resources committee. The full Board of Trustees has access to the Form 990 (excluding Schedule B) and is provided a summary briefing prior to filing the Form 990 with the Internal Revenue Service.
Form 990, Part VI, Line 12c Conflict of interest policyEach member of the Board of Trustees completes an annual Conflict of Interest Statement disclosing any potential conflicts. Officers of the Board and administrative employees also complete an annual Conflict of Interest Statement. The Conflict of Interest Statements are reviewed and maintained in the Head of School's office. Any disclosure determined to be in violation of policy is addressed between the Head of Schools, the Chairman of the Board of Trustees, and the respective Trustee, Officer or employee.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialThe Compensation Committee of the Board of Trustees reviews performance and determines compensation for the Head of Schools. The committee reviews comparative compensation for the Head of Schools and school officers every May, with the most recent compensation review completed in May 2025. Compensation is based upon performance and peer school review, as supported recommendations and industry benchmarks. The committee documents the compensation deliberations and decisions in the minutes of the meeting.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesThe Compensation Committee of the Board of Trustees reviews performance and determines compensation for the Head of Schools. The committee reviews comparative compensation for the Head of Schools and school officers every May, with the most recent compensation review completed in May 2025. Compensation is based upon performance and peer school review, as supported recommendations and industry benchmarks. The committee documents the compensation deliberations and decisions in the minutes of the meeting.
Form 990, Part VI, Line 19 Required documents available to the publicFinancial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in Section 6104(d) from the Chief Financial Officer or the Head of Schools of the Culver Educational Foundation. Copies of the documents are provided with state tax and corporate return filings and are regularly included with filings for property tax exemption and grant proposals as needed. In addition, information is provided to investment managers, bank officers and approved contractors as necessary or requested.
Form 990, Part VIII, Line 11d Other Miscellaneous RevenueOther Revenue - Total Revenue: 271519, Related or Exempt Function Revenue: 269412, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2107;
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesMinimum pension liability - 6219636; Present value of future swap - 169014; Temp restricted cash surrender value - 137170; Beneficial interest in trusts - 2625122; Pledge write-offs - -116854; Charitable gift annuities - 10868; Transfer to Lowenstine Fund Corporation - 1600000; Total - 10644956;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CULVER CHAPEL COLUMBARIUM LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 ACADEMY ROADAddressLine1Txt
CityCULVERCityNm
State AbbreviationINStateAbbreviationCd
ZIP465111291ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesCOLUMBARIUMPrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd
Total Income$35,000TotalIncomeAmt
End Of Year Assets$820,412EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Culver Educational FoundationBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Lowenstine Fund CorporationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Academy RoadAddressLine1Txt
CityCulverCityNm
State AbbreviationINStateAbbreviationCd
ZIP465111291ZIPCd
FieldValueIRS element (for citing)
EIN851352682EIN
Primary ActivitiesSupporting OrganizationPrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusType IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1The Culver Educational FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Charitable Remainder Trusts (5) CO - Culver Educational FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Academy Road 159AddressLine1Txt
CityCulverCityNm
State AbbreviationINStateAbbreviationCd
ZIP46511ZIPCd
FieldValueIRS element (for citing)
EIN350868071EIN
Primary ActivitiesTrustsPrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Culver Educational FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeTrustEntityTypeTxt
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Lowenstine Fund CorporationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeRTransactionTypeTxt
Involved$1,600,000InvolvedAmt
Method Of Amount DeterminationFMVMethodOfAmountDeterminationTxt

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