CULVER EDUCATIONAL FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: CULVER EDUCATIONAL FOUNDATION (EIN 35-0868071)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-10
IRS object ID: 202241309349301819
Schema version: 2020v4.0
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
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-10T10:00:26-05:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	350921680	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CROWE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 West Wacker Drive Suite 2600	AddressLine1Txt
City	Chicago	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	606061224	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350868071	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Culver Educational Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CULV	BusinessNameControlTxt
Phone	5748428292	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 Academy Road No 159	AddressLine1Txt
City	Culver	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	465111291	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Douglas O Bird	PersonNm
Person Title	Head of Schools	PersonTitleTxt
Signature	2022-05-10	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Douglas O	PersonFirstNm
Person Last	Bird	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jennifer Burke	PreparerPersonNm
PTIN	P01342224	PTIN
Phone	3128997000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Douglas Bird	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 Academy Road No 159	AddressLine1Txt
City	Culver	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	465111291	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$376,461,607	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.culver.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1894	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or 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.	ActivityOrMissionDesc
Voting Members Governing Body	34	VotingMembersGoverningBodyCnt
Voting Members Independent	34	VotingMembersIndependentCnt
Total Employee	563	TotalEmployeeCnt
Total Volunteers	1000	TotalVolunteersCnt
Total Gross UBI	-$277	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$22,655,294	PYContributionsGrantsAmt
CY Contributions Grants	$197,774,033	CYContributionsGrantsAmt
PY Program Service Revenue	$48,754,356	PYProgramServiceRevenueAmt
CY Program Service Revenue	$45,751,362	CYProgramServiceRevenueAmt
PY Investment Income	$9,053,801	PYInvestmentIncomeAmt
CY Investment Income	$38,818,310	CYInvestmentIncomeAmt
PY Other Revenue	$2,361,927	PYOtherRevenueAmt
CY Other Revenue	$1,889,224	CYOtherRevenueAmt
PY Total Revenue	$82,825,378	PYTotalRevenueAmt
CY Total Revenue	$284,232,929	CYTotalRevenueAmt
PY Grants And Similar Paid	$13,854,033	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$35,830,263	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$37,688,734	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$35,451,515	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$3,798,256	CYTotalFundraisingExpenseAmt
PY Other Expenses	$29,615,080	PYOtherExpensesAmt
CY Other Expenses	$30,104,235	CYOtherExpensesAmt
PY Total Expenses	$81,157,847	PYTotalExpensesAmt
CY Total Expenses	$101,386,013	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,667,531	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$182,846,916	CYRevenuesLessExpensesAmt
Total Assets BOY	$593,773,481	TotalAssetsBOYAmt
Total Assets EOY	$893,652,774	TotalAssetsEOYAmt
Total Liabilities BOY	$88,775,889	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$86,128,152	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$504,997,592	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$807,524,622	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$53,575,997	ExpenseAmt
Grant	$21,949,132	GrantAmt
Revenue	$46,356,689	RevenueAmt
Desc	Culver promises top academics, competitive athletics and education you need to be a leader and a responsible global citizen in high school, in college and beyond. Culver encourages you to develop your individual interests and talents, all while helping you move beyond self-imposed limitations. Our mission to develop and nurture the whole person - mind, spirit and body - with our unique focus on leadership training means you receive the total educational experience that has set Culver above other schools for more than a century. Instruction is for grades 9-12, ranging from the arts and music to science, math and humanities as well as unique programs in leadership, wellness and a servant leadership project requirement for graduation. Instruction was provided to 838 students for the year ended June 30, 2021.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$13,881,131	ExpenseAmt
Grant	$13,881,131	GrantAmt
Desc	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.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$4,643,280	ExpenseAmt
Revenue	$97,853	RevenueAmt
Desc	Founded in 1902, Culver Summer Schools and Camps is a fun- filled, naturally beautiful 1,800-acre setting where over 1,300 young people from around the world, ages 7-17, develop positive self-esteem through accomplishment and self-discipline. It is a high challenge-high support-high reward environment for learning leadership skills that improve personal confidence. The Summer Schools and Camps program was canceled for Summer 2020 due to the Covid-19 pandemic. Culver Summer Schools and Camps looks forward to Camp in Summer 2022 and beyond.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmt	RevenueRevenueAmt	DescDesc
$12,604,337	$417,431	Student Services Programs: A variety of student services and activities were provided, including Barber Shop, Laundry-Dry Cleaning, Dining Hall, and Student Health Services. Services were provided to 838 Boarding School Students as of June 30, 2021.
		Student Services Programs, General/Other: Auxiliary services such as required uniform and a campus bookstore provided for the convenience of students.

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$12,604,337	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue	$417,431	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$84,704,745	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	79	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	563	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	34	GoverningBodyVotingMembersCnt
Independent Voting Member	34	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRIAN R BAKER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5748428292	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 Academy Road No 159	AddressLine1Txt
City	Culver	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	465111291	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (43 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Craig J Dushossois
Vice President	3.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
David M Culver
Vice President	3.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Dr Margaret E Thompson
Secretary/Vice President	6.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Harry L Crisp II
Vice President	3.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
James A Henderson
Chairman Emeritus/Vice President	10.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Jeffrey P Adams
Treasurer/Vice President	8.0	1.0	Yes (X)	Yes (X)	$0	$0	$0
John D Zeglis
Vice President	3.0	1.0	Yes (X)	Yes (X)	$0	$0	$0
Miles D White
Chairman	8.0	1.0	Yes (X)	Yes (X)	$0	$0	$0
Paul C Gignilliat
Vice President	5.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
Bernardo Quintana
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
COL Dartanian Warr USAF
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Dave Chenn
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Eric H Burns
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Geroge T DeVries III
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
James E Fellowes
Trustee	3.0	1.0	Yes (X)		$0	$0	$0
James S Gault
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Jeffrey A Desich
Trustee (FROM OCT 2020)	3.0	0.0	Yes (X)		$0	$0	$0
Joann L Callahan
Trustee	5.0	0.0	Yes (X)		$0	$0	$0
John J Bollman
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Kathryn R Booth
Trustee	5.0	1.0	Yes (X)		$0	$0	$0
Lara K Nicholson
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Laura Schacht Bilicic
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
MG John W Peabody US Army
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Michael E Schrage
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Michael R Wilcox
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Rachel Redington Werner
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Rajiv Chopra
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Richard A Jennings
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Richard R Waterfield
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Robert C Vaughn
Trustee	5.0	0.0	Yes (X)		$0	$0	$0
Robert H Ledbetter Jr
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Thomas H Story
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Tiffany S Kyser
Trustee (FROM MAY 2021)	3.0	0.0	Yes (X)		$0	$0	$0
Whitney K Alvis
Trustee	3.0	0.0	Yes (X)		$0	$0	$0
Brian R Baker
Chief Financial Officer As of Feb 2021	50.0	3.0		Yes (X)	$127,944	$0	$31,140
Douglas O Bird
Head of Schools	60.0	0.0		Yes (X)	$330,790	$0	$57,179
Richard J Tompos
Chief Financial Officer thru Feb 2021	50.0	0.0		Yes (X)	$201,003	$0	$33,657
Holly Johnson
Chief Advancement Officer	50.0	0.0			$209,232	$0	$37,390	Yes (X)
Jeffry Kutch
Director of Facilities	50.0	0.0			$141,549	$0	$30,978	Yes (X)
Joshua Pretzer
Dean of Faculty	50.0	0.0			$168,648	$0	$33,966	Yes (X)
Kevin MacNeil
Chief Academic Officer Thru August 2020	50.0	0.0			$211,102	$0	$24,993	Yes (X)
Michael T Squires
Commandant of Cadets	50.0	0.0			$146,261	$0	$11,200	Yes (X)
James P Power
Former Head of Schools	0.0	0.0			$236,601	$0	$66,956		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,773,130	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$327,459	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	88	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
HAGERMAN INC
PO BOX 11848	FORT WAYNE	IN	46861	GENERAL CONTRACTOR	$14,619,761
FLIK HOSPITALITY
PO BOX 91337	CHICAGO	IL	606931137	SCHOOL DINING CONTRACTOR	$4,695,170
Abbott Rapid Ox North America LLC
30 S Keller Road Suite 100	Orlando	FL	32810	Health Care Supplies	$1,756,280
Hebard & Hebard Architects Inc
216 West Washington Street	South Bend	IN	46601	Architects	$696,099
NEPC
255 State St	Boston	MA	02109	Investment Manager	$601,123

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	23	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$0	MembershipDuesAmt
Fundraising	$0	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$0	GovernmentGrantsAmt
All Other Contributions	$197,774,033	AllOtherContributionsAmt
Noncash Contributions	$183,054,977	NoncashContributionsAmt
Total Contributions	$197,774,033	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Tuition & Fees for Students	611110	$45,659,272	$45,659,272	$0	$0
Student events/transportation	611110	$92,090	$92,090	$0	$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$45,751,362	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,619,083	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$21,853	UnrelatedBusinessRevenueAmt
Exclusion	$7,640,936	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$388,068	RealAmt
Personal	$0	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$179,339	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$208,729	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$208,729	TotalRevenueColumnAmt
Related Or Exempt Func Income	$14,902	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$193,827	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$122,275,082	SecuritiesAmt
Other	$5,100	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$91,080,955	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$31,194,127	SecuritiesAmt
Other	$5,100	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$31,199,227	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$31,199,227	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$0	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$0	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$1,960,470	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$968,384	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$992,086	TotalRevenueColumnAmt
Related Or Exempt Func Income	$417,431	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$21,576	UnrelatedBusinessRevenueAmt
Exclusion	$553,079	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
International Medical Insurance	611110	$414,802	$414,802	$0	$0
AC Rental Income	611110	$34,600	$34,600	$0	$0
		$0	$0	$0	$0

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$239,007	TotalRevenueColumnAmt
Related Or Exempt Func Income	$238,876	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$131	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$688,409	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$284,232,929	TotalRevenueColumnAmt
Related Or Exempt Func Income	$46,871,973	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$277	UnrelatedBusinessRevenueAmt
Exclusion	$39,587,200	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$21,949,132	TotalAmt
Program Services	$21,949,132	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$13,881,131	TotalAmt
Program Services	$13,881,131	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$583,917	TotalAmt
Program Services	$175,175	ProgramServicesAmt
Management And General	$175,175	ManagementAndGeneralAmt
Fundraising	$233,567	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

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

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$21,862,571	TotalAmt
Program Services	$17,788,568	ProgramServicesAmt
Management And General	$1,991,316	ManagementAndGeneralAmt
Fundraising	$2,082,687	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,756,999	TotalAmt
Program Services	$1,365,963	ProgramServicesAmt
Management And General	$249,881	ManagementAndGeneralAmt
Fundraising	$141,155	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$9,411,675	TotalAmt
Program Services	$7,917,397	ProgramServicesAmt
Management And General	$954,877	ManagementAndGeneralAmt
Fundraising	$539,401	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,836,353	TotalAmt
Program Services	$1,544,798	ProgramServicesAmt
Management And General	$186,310	ManagementAndGeneralAmt
Fundraising	$105,245	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

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

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$262,154	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$262,154	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$135,148	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$135,148	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

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

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Fundraising	$0	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$3,343,714	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$3,343,714	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$6,171,702	TotalAmt
Program Services	$4,846,963	ProgramServicesAmt
Management And General	$1,206,822	ManagementAndGeneralAmt
Fundraising	$117,917	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$99,880	TotalAmt
Program Services	$26,103	ProgramServicesAmt
Management And General	$22,302	ManagementAndGeneralAmt
Fundraising	$51,475	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$603,050	TotalAmt
Program Services	$269,120	ProgramServicesAmt
Management And General	$91,579	ManagementAndGeneralAmt
Fundraising	$242,351	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$868,035	TotalAmt
Program Services	$434,017	ProgramServicesAmt
Management And General	$217,009	ManagementAndGeneralAmt
Fundraising	$217,009	FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,328,623	TotalAmt
Program Services	$2,206,603	ProgramServicesAmt
Management And General	$122,020	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$115,546	TotalAmt
Program Services	$56,065	ProgramServicesAmt
Management And General	$41,963	ManagementAndGeneralAmt
Fundraising	$17,518	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

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

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$83,233	TotalAmt
Program Services	$72,030	ProgramServicesAmt
Management And General	$11,203	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,501,239	TotalAmt
Program Services	$1,422,574	ProgramServicesAmt
Management And General	$78,665	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,567,867	TotalAmt
Program Services	$6,223,711	ProgramServicesAmt
Management And General	$344,156	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$752,499	TotalAmt
Program Services	$713,068	ProgramServicesAmt
Management And General	$39,431	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Program-instructional support	$2,743,361	$1,985,290	$733,128	$24,943
Maintenance-equipment rentals	$3,593,302	$1,146,759	$2,445,480	$1,063
Property taxes	$130,128	$123,309	$6,819	$0
Fuel	$65,087	$62,583	$2,504	$0

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$739,667	TotalAmt
Program Services	$494,386	ProgramServicesAmt
Management And General	$221,356	ManagementAndGeneralAmt
Fundraising	$23,925	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$101,386,013	TotalAmt
Program Services	$84,704,745	ProgramServicesAmt
Management And General	$12,883,012	ManagementAndGeneralAmt
Fundraising	$3,798,256	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$19,900	BOYAmt
EOY	$49,970	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$26,867,263	BOYAmt
EOY	$31,910,073	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$8,163,449	BOYAmt
EOY	$4,176,271	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$289,293	BOYAmt
EOY	$493,437	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,912,180	BOYAmt
EOY	$1,886,715	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$908,838	BOYAmt
EOY	$2,650,420	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$251,450,694	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$148,896,439	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$92,395,056	BOYAmt
EOY	$102,554,255	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$100,509,591	BOYAmt
EOY	$211,734,306	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$356,231,208	BOYAmt
EOY	$529,631,006	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$6,476,703	BOYAmt
EOY	$8,566,321	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$593,773,481	BOYAmt
EOY	$893,652,774	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$5,194,084	BOYAmt
EOY	$5,395,187	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$6,138,168	BOYAmt
EOY	$19,441,764	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$38,300,000	BOYAmt
EOY	$38,300,000	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$4,000,000	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$35,143,637	BOYAmt
EOY	$22,991,201	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$88,775,889	BOYAmt
EOY	$86,128,152	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$69,719,734	BOYAmt
EOY	$261,446,563	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$435,277,858	BOYAmt
EOY	$546,078,059	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$504,997,592	BOYAmt
EOY	$807,524,622	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$593,773,481	BOYAmt
EOY	$893,652,774	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$182,846,916	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$85,551,375	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$34,128,739	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	false	DirectContactLegislatorsInd
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	Yes (true)	OtherActivitiesInd
Other Activities	$28,832	OtherActivitiesAmt
Total Lobbying Expenditures	$28,832	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY	FormAndLineReferenceDesc
Explanation	The 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 2020-2021 were $28,832	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$452,520,338	BeginningYearBalanceAmt
Contributions	$47,393,639	ContributionsAmt
Investment Earnings Or Losses	$132,500,808	InvestmentEarningsOrLossesAmt
Other Expenditures	$41,949,156	OtherExpendituresAmt
Administrative Expenses	$3,343,714	AdministrativeExpensesAmt
End Year Balance	$587,121,915	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$464,292,916	BeginningYearBalanceAmt
Contributions	$7,537,060	ContributionsAmt
Investment Earnings Or Losses	$2,897,971	InvestmentEarningsOrLossesAmt
Other Expenditures	$19,756,617	OtherExpendituresAmt
Administrative Expenses	$2,450,992	AdministrativeExpensesAmt
End Year Balance	$452,520,338	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$445,854,846	BeginningYearBalanceAmt
Contributions	$7,626,758	ContributionsAmt
Investment Earnings Or Losses	$32,884,564	InvestmentEarningsOrLossesAmt
Other Expenditures	$19,450,128	OtherExpendituresAmt
Administrative Expenses	$2,623,124	AdministrativeExpensesAmt
End Year Balance	$464,292,916	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$420,329,211	BeginningYearBalanceAmt
Contributions	$13,880,013	ContributionsAmt
Investment Earnings Or Losses	$36,902,068	InvestmentEarningsOrLossesAmt
Other Expenditures	$22,861,769	OtherExpendituresAmt
Administrative Expenses	$2,394,677	AdministrativeExpensesAmt
End Year Balance	$445,854,846	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$383,194,956	BeginningYearBalanceAmt
Contributions	$18,287,615	ContributionsAmt
Investment Earnings Or Losses	$38,262,321	InvestmentEarningsOrLossesAmt
Other Expenditures	$17,855,477	OtherExpendituresAmt
Administrative Expenses	$1,560,204	AdministrativeExpensesAmt
End Year Balance	$420,329,211	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.12	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.68	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.2	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,546,576	OtherCostOrOtherBasisAmt
Book Value	$2,546,576	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$173,950,170	OtherCostOrOtherBasisAmt
Depreciation	$109,690,375	DepreciationAmt
Book Value	$64,259,795	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$52,171,043	OtherCostOrOtherBasisAmt
Depreciation	$39,206,064	DepreciationAmt
Book Value	$12,964,979	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$22,782,905	OtherCostOrOtherBasisAmt
Book Value	$22,782,905	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$102,554,255	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Private Equity	$96,306,661	F
Hedge Funds	$241,352,057	F
Short term investments	$185,339,871	F
Real estate	$6,384,787	F
Miscellaneous other	$247,630	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$529,631,006	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
Accrued pension liability	$8,365,247
Interest rate swap agreement	$10,397,902
Gift annuities	$4,049,654
Capital lease agreement	$178,398

Field	Value	IRS element (for citing)
Total Liability	$22,991,201	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$375,656,314	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$107,500,507	NetUnrealizedGainsInvstAmt
Other Revenue	-$13,881,131	OtherRevenueAmt
Revenue Not Reported	$93,619,376	RevenueNotReportedAmt
Revenue Subtotal	$282,036,938	RevenueSubtotalAmt
Investment Expenses Not Incld	$3,343,714	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	-$1,147,723	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$2,195,991	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$284,232,929	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$51,180,154	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$20,271,738	OtherExpensesIncludedAmt
Expenses Not Reported	-$20,271,738	ExpensesNotReportedAmt
Expenses Subtotal	$71,451,892	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$3,343,714	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$26,590,407	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$29,934,121	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$101,386,013	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part III, Line 1a Collections of art - financial statement footnote	Per Footnote 1 of the 2020-2021 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 collections	The 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 funds	The 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) footnote	The 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 2021 and 2020. 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, 2021.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	Financial Aid - -13881131
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Costs Of Good Sold Auxiliary Department - -968384 Rental Expense - -179339
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	Cost of Goods Sold Auxiliary Department - 968384 Pledge Write-offs - 259697 Change in Charitable Annuities expense - 269974 Rental expense - 179339 Donated Land, Buildings, and Equipment - -21949132
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	Financial Aid - 13881131 Minimum Pension Liability - 7241330 Present Value of Future Swap Payments - 3603885 Change in Cash Surrender Value - 237167 Change in Trusts - 1626894

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	false	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY	FormAndLineReferenceDesc
Explanation	The 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 (4 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean	Investments	$61,856,275
Sub-Saharan Africa	Investments	$622,921
North America (Canada & Mexico only)	Investments	$5,780,124
East Asia and the Pacific	Investments	$11,044,159

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$79,303,479	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$79,303,479	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 3	FormAndLineReferenceDesc
Explanation	The School separately tracks foreign expenditures in its records and accounting system.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Lowenstine Fund Corporation	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 ACADEMY ROAD	AddressLine1Txt
City	CULVER	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	465111291	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	851352682	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$1,289,500	CashGrantAmt
Non Cash Assistance	$20,659,632	NonCashAssistanceAmt
Valuation Method Used	Appraisal	ValuationMethodUsedDesc
Non Cash Assistance	LAND, BUILDING, AND EQUIPMENT	NonCashAssistanceDesc
Purpose Of Grant	GENERAL SUPPORT	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Merit and need-based financial aid	GrantTypeTxt
Recipient	481	RecipientCnt
Cash Grant	$13,881,131	CashGrantAmt
Non Cash Assistance	$0	NonCashAssistanceAmt
Valuation Method Used	N/A	ValuationMethodUsedDesc
Non Cash Assistance	N/A	NonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	Scholarships 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

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Douglas O Bird
Head of Schools	$330,251	$0	$0	$0	$539	$0	$33,938	$0	$23,241	$0	$387,969	$0	$0	$0
Richard J Tompos
Chief Financial Officer thru Feb 2021	$200,302	$0	$0	$0	$701	$0	$10,699	$0	$22,958	$0	$234,660	$0	$0	$0
Brian R Baker
Chief Financial Officer As of Feb 2021	$127,751	$0	$0	$0	$193	$0	$8,125	$0	$23,015	$0	$159,084	$0	$0	$0
Kevin MacNeil
Chief Academic Officer Thru August 2020	$0	$0	$0	$0	$211,102	$0	$9,750	$0	$15,243	$0	$236,095	$0	$0	$0
Holly Johnson
Chief Advancement Officer	$208,903	$0	$0	$0	$329	$0	$13,569	$0	$23,821	$0	$246,622	$0	$0	$0
Joshua Pretzer
Dean of Faculty	$168,376	$0	$0	$0	$272	$0	$10,828	$0	$23,138	$0	$202,614	$0	$0	$0
Michael T Squires
Commandant of Cadets	$146,037	$0	$0	$0	$224	$0	$9,133	$0	$2,067	$0	$157,461	$0	$0	$0
Jeffry Kutch
Director of Facilities	$140,401	$0	$0	$0	$1,148	$0	$9,021	$0	$21,957	$0	$172,527	$0	$0	$0
James P Power
Former Head of Schools	$0	$0	$0	$0	$236,601	$0	$54,361	$0	$12,595	$0	$303,557	$0	$154,545	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	The Culver Academies is a residential boarding school. As a requirement of employment, the Head of Schools and Director of Facilities live on campus and are provided housing owned by the School. Listed employees who received housing are: Douglas Bird - $12,000 and Jeffry Kutch - $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 plan	JAMES P POWER, FORMER HEAD OF SCHOOLS, PARTICIPATED IN ONE OR MORE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
See Part V
See Part V	$49,050	Discounted tuition	Employee Benefit
See Part V
See Part V	$49,050	Discounted tuition	Employee Benefit
See Part V
See Part V	$49,050	Discounted tuition	Employee Benefit

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part II Grants or Assistance Benefiting Interested Persons	FormAndLineReferenceDesc
Explanation	PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS IN SEPARATE LINES. FOR EACH LINE, THE SCHOOL IS TO REPORT IN COLUMN (C) THE TYPE OF ASSISTANCE AND AGGREGATE DOLLAR AMOUNT OF THAT ASSISTANCE; COLUMNS (A) AND (B) ARE TO BE LEFT BLANK.	ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$3,143	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - DONOR APPRAISAL	MethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$2,780	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other	MethodOfDeterminingRevenuesTxt

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$18,440	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - Donor Appraisal	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	25	ContributionCnt
Noncash Contributions Rpt F990	$161,978,212	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Real Estate Other RealEstateOtherGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$20,659,632	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Opinions of experts	MethodOfDeterminingRevenuesTxt

Drugs And Medical Supplies DrugsAndMedicalSuppliesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	3	ContributionCnt
Noncash Contributions Rpt F990	$322,811	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Cost	MethodOfDeterminingRevenuesTxt

Historical Artifacts HistoricalArtifactsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$6,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Other - Donor Appraisal	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Horses	2	$48,000	Other - DONOR APPRAISAL
Yes (X)	Student and Alumni	24	$15,959	Other - Donor appraisal

Field	Value	IRS element (for citing)
Form8283 Received	2	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions	FormAndLineReferenceDesc
Explanation	The 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 ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part I, Line 1	Located 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 over 1,300 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 1	Culver 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 4d Description of other program services	(Expenses $ 12,604,337 including grants of $)(Revenue $ 417,431) Student Services Programs: A variety of student services and activities were provided, including Barber Shop, Laundry-Dry Cleaning, Dining Hall, and Student Health Services. Services were provided to 838 Boarding School Students as of June 30, 2021.
Form 990, Part III, Line 4d Description of other 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 committee	The 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 body	The 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 policy	Each 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 official	The 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 2021. 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 employees	The 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 2021. 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 public	Financial 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 Director of the Business Office & Controller 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 Revenue	- Total Revenue: 239007, Related or Exempt Function Revenue: 238876, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 131;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	Minimum pension liability - 7241332; Present value of future swap - 3603885; Temp restricted cash surrender value - 237167; Beneficial interest in trusts - 1626894; Pledge write-offs - -259697; Charitable gift annuities - -269974; Donated Land, Buildings, and Equipment - 21949132;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CULVER CHAPEL COLUMBARIUM LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 ACADEMY ROAD	AddressLine1Txt
City	CULVER	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	465111291	ZIPCd

Field	Value	IRS element (for citing)
Primary Activities	COLUMBARIUM	PrimaryActivitiesTxt
Legal Domicile State	IN	LegalDomicileStateCd
Total Income	$38,000	TotalIncomeAmt
End Of Year Assets	$365,000	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	Culver Educational Foundation	BusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	Lowenstine Fund Corporation	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 Academy Road	AddressLine1Txt
City	Culver	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	465111291	ZIPCd

Field	Value	IRS element (for citing)
EIN	851352682	EIN
Primary Activities	Supporting Organization	PrimaryActivitiesTxt
Legal Domicile State	IN	LegalDomicileStateCd
Exempt Code Section	501(c)(3)	ExemptCodeSectionTxt
Public Charity Status	Type I	PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	The Culver Educational Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	Yes (true)	ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	SIGNATURE SCHOOLS LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	774 WHISPERING MARSH DRIVE	AddressLine1Txt
City	CHARLESTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29412	ZIPCd

Field	Value	IRS element (for citing)
EIN	832173018	EIN
Primary Activities	EDUCATION	PrimaryActivitiesTxt
Legal Domicile State	SC	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Predominant Income Type	N/A	PredominantIncomeTypeTxt
Share Of Total Income	$0	ShareOfTotalIncomeAmt
Share Of EOY Assets	$250,000	ShareOfEOYAssetsAmt
Disproportionate Allocations	false	DisproportionateAllocationsInd
UBI Code V	$0	UBICodeVAmt
General Or Managing Partner	Yes (true)	GeneralOrManagingPartnerInd
Ownership	0.5	OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	Charitable Remainder Trusts (5) CO - Culver Educational Foundation	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1300 Academy Road 159	AddressLine1Txt
City	Culver	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46511	ZIPCd

Field	Value	IRS element (for citing)
EIN	350868071	EIN
Primary Activities	Trusts	PrimaryActivitiesTxt
Legal Domicile State	IN	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	Culver Educational Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	Trust	EntityTypeTxt
Controlled Organization	false	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (true)	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd