2024-05-13T11:36:57+00:00 2023-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-07-01 356014491 Earlham Foundation EARL 7659831200 801 National Road West Richmond IN 47374 CARRIE ERVIN ASSISTANT TREASURER 2024-05-13 true CARRIE ERVIN 999009999 Rachel Spurlock P00520729 5023263996 2022 2023-04-26 12:10:37Z Tania Deng (President as of Jan 2024) 801 National Road West Richmond IN 47374 73077427 false X N/A X 1931 IN Receives and holds gifts made to Earlham College. 11 10 0 10 0 0 3811681 1637480 0 41676239 12295096 0 45487920 13932576 22425794 0 0 0 0 905664 729950 905664 23155744 44582256 -9223168 426700889 416563758 189029414 172447818 237671475 244115940 The Earlham Foundation receives and holds permanently restricted gifts made to Earlham College (including the Earlham School of Religion). The Foundation invests these funds and releases quarterly distributions of earnings to Earlham College and Earlham School of Religion to support their operations. false false 23155744 22425794 0 Managing the investment portfolio for endowed and quasi endowed funds for the benefit of Earlham College and Earlham School of Religion, a program thereof. 23155744 true true false false false false false false true false true false false true true false true false false true false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 11 10 false false true false false true true true true false false true true true true true true false false false IN X CARRIE ERVIN 7659831200 801 National Road West Richmond IN 47374 Joe Hedrick President 5.0 0 X X 0 0 0 Randal Sadler Vice President 2.0 0 X X 0 0 0 Stacy L Davidson Treasurer/Secretary 2.0 48.0 X X 0 215167 30485 Fred Mills Director 1.0 0 X 0 0 0 Jim Donahue Director 1.0 0 X 0 0 0 John Turitzin Director 2.0 0 X 0 0 0 Larry Martin Director (beg Jan 2023) 1.0 0 X 0 0 0 Marion Shore Director 1.0 0 X 0 0 0 Mark Newlin Director 1.0 0 X 0 0 0 Tania Deng Director 1.0 2.0 X 0 0 0 Tom Johnson Director 1.0 0 X 0 0 0 Carrie D Ervin Assistant Treasurer 5.0 45.0 X 0 126144 48988 Lianne Warner Associate Controller/Assistant Secretary 18.0 32.0 X 0 72911 43321 0 414221 122794 0 false true false Prime Buchholz LLC 273 Corporate Drive Suite 250 Portsmouth NH 03801 Investment Services 350062 Acadian Asset Management LLC 260 Franklin Street Boston MA 02110 Investment Services 187766 2 1637480 1637480 0 0 0 0 0 6601708 6601708 0 0 64838239 59144851 5693388 0 5693388 5693388 0 0 0 0 0 13932576 0 0 12295096 22425794 22425794 729950 729950 0 0 0 0 0 0 0 0 23155744 23155744 0 0 3016167 20903456 0 0 0 0 0 0 0 0 147592338 118956452 276092384 276703850 0 0 0 426700889 416563758 0 0 189029414 172447818 189029414 172447818 X 237671475 244115940 237671475 244115940 426700889 416563758 -9223168 15667633 0 X false true X true false X X 1 Earlham College 350868073 2 true 22425795 0 1 22425795 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 426217096 1637480 27906326 36263894 419497008 474820554 3505193 -22232530 29876121 426217096 380029047 2895420 127436716 35540629 474820554 418844928 803801 -6294175 33325507 380029047 429201775 730895 17903510 28991252 418844928 0.0644 0.9356 0.0 false false Other - Domestic/International Equities 45014201 C Other - Alternative Investments 231689649 C 276703850 Due to Related Organization 172447818 172447818 X Schedule D, Part V, Line 4 Intended uses of endowment funds Earlham's endowment funds are used to support the educational programs of the College. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Earlham College is exempt from federal income taxes under Section 501 (c)(3) of the U.S. Internal Revenue Code and a similar provision of state law. During November 2016, the Foundation became exempt from federal income taxes under Section 501 (c)(3) of the U.S. Internal Revenue Code and a similar provision of state law. The Foundation has been classified as a public organization, which is not a private foundation under Section 509(a) of the code. This exemption has a retrospective effective date of June 11, 2014. The Foundation was previously exempt under Section 501 (c)(2) of the U.S. Internal Revenue Code as a title holding company and a similar provision of state law. However, the College and Foundation are subject to federal income tax on any unrelated business taxable income. The College and Foundation are not considered to be private foundations. Current accounting standards require the College to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended June 30, 2023 and 2022, management has determined that the College does not have any tax positions that result in any uncertainties regarding the possible impact on the College's financial statements. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College recognizes interest and/or penalties related to income tax matters in income tax expense. The College did not have any amounts accrued for interest and penalties at June 30, 2023 or 2022. Central America and the Caribbean 0 0 Investments 32792939 0 0 0 0 0 0 32792939 0 32792939 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual true EARLHAM COLLEGE 801 NATIONAL ROAD WEST RICHMOND IN 47374 350868073 501(C)(3) 22425794 General Support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. All grants are made solely to the organization's parent, Earlham College, for educational purposes. false false false false false false false false false Stacy L Davidson Treasurer/Secretary 0 215167 0 0 0 0 0 17630 0 12855 0 245652 0 0 Carrie D Ervin Assistant Treasurer 0 126144 0 0 0 0 0 11313 0 37674 0 175131 0 0 Form 990, Part VI, Line 15 Process to Determine Compensation The Earlham Foundation does not compensate any officers, directors, or key employees. Compensation reported on Form 990, Part VII and Schedule J is paid by a related organization, Earlham College. Therefore, these questions are answered no in accordance with the instructions. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of the President, Vice President, Secretary and Treasurer of the Corporation. The Executive Committee has the authority of the Board of Directors in the management of the Corporation's affairs during intervals between the meetings of the Board of Directors. Form 990, Part VI, Line 4 Significant changes to organizational documents The incumbency certificate was updated to reflect the elected officers effective August 10, 2022. The number of elected officers of organization increased from four to five. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Western Yearly Meeting of the Religious Society of Friends, Plainfield, Indiana has the power to nominate two Directors to the organization's governing body. Additionally, the Earlham College Board of Trustees has the power to nominate six Directors to the organization's governing body. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Earlham College Board of Trustees must approve the organization's Investment Policy Statement. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by an independent CPA firm. The Assistant Secretary, Assistant Treasurer, and Secretary/Treasurer perform a detailed review. A copy of the Form 990 is provided to each member of the full governing body prior to its filing. Form 990, Part VI, Line 12c Conflict of interest policy The Foundation's conflict of interest policy requires that officers and directors disclose any situations that may result in a conflict of interest or have the appearance of a conflict of interest. Questionnaires must be completed annually but updated sooner if a person's situation changes. Disclosures are summarized and reviewed by the audit committee of the Earlham College Board of Trustees. If an officer or director has a conflict, they will not participate in the decision making process. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XII, Line 2c Audit Committee The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Earlham College 801 National Road West Richmond IN 47374 350868073 Education IN 501(c)(3) 2 NA false false true true false false false false false false false false false false true true true true false false