CULVER EDUCATIONAL FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CULVER EDUCATIONAL FOUNDATION (EIN 35-0868071)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-11
- IRS object ID
- 202331319349305478
- Schema version
- 2021v4.2
- 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 | 2023-05-11T19:32:11+00:00 | ReturnTs |
| Tax Period End | 2022-06-30 | 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 | 2021-07-01 | 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 Bird | PersonNm |
| Person Title | Head of Schools | PersonTitleTxt |
| Phone | 5748428292 | PhoneNum |
| Signature | 2023-05-11 | 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 | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | 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 | $437,340,175 | 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 | 987 | TotalEmployeeCnt |
| Total Volunteers | 1000 | TotalVolunteersCnt |
| Total Gross UBI | -$7,121 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $197,774,033 | PYContributionsGrantsAmt |
| CY Contributions Grants | $96,372,772 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,751,362 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $55,694,010 | CYProgramServiceRevenueAmt |
| PY Investment Income | $38,818,310 | PYInvestmentIncomeAmt |
| CY Investment Income | $73,708,124 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,889,224 | PYOtherRevenueAmt |
| CY Other Revenue | $3,285,119 | CYOtherRevenueAmt |
| PY Total Revenue | $284,232,929 | PYTotalRevenueAmt |
| CY Total Revenue | $229,060,025 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $35,830,263 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,881,802 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $35,451,515 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $39,674,700 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,438,279 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,104,235 | PYOtherExpensesAmt |
| CY Other Expenses | $33,139,569 | CYOtherExpensesAmt |
| PY Total Expenses | $101,386,013 | PYTotalExpensesAmt |
| CY Total Expenses | $88,696,071 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $182,846,916 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $140,363,954 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $893,652,774 | TotalAssetsBOYAmt |
| Total Assets EOY | $918,253,821 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $86,128,152 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $81,956,328 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $807,524,622 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $836,297,493 | 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 | $35,069,335 | ExpenseAmt |
| Grant | $1,600,000 | GrantAmt |
| Revenue | $47,496,337 | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,281,802 | ExpenseAmt |
| Grant | $14,281,802 | 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 | $8,128,636 | ExpenseAmt |
| Revenue | $9,892,538 | 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $15,493,481 | $763,279 | Student 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. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $15,493,481 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $763,279 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $72,973,254 | 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 | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 67 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 987 | 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 |
| Form1098 C Filed | false | Form1098CFiledInd |
| 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 (41 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 |
|---|---|---|---|---|---|---|---|---|
| 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 | 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 THRU June 2022 | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Richard A Jennings | ||||||||
| 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 | ||
| Sodiqa Williams | ||||||||
| 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 | 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 | 50.0 | 3.0 | Yes (X) | $154,244 | $0 | $32,092 | ||
| Douglas O Bird | ||||||||
| Head of Schools | 60.0 | 0.0 | Yes (X) | $335,991 | $0 | $66,386 | ||
| Andrew Seddelmeyer | ||||||||
| Deputy Head of Schools | 50.0 | 0.0 | $151,431 | $0 | $34,356 | Yes (X) | ||
| Holly Johnson | ||||||||
| Chief Advancement Officer Thru October 2021 | 50.0 | 0.0 | $167,678 | $0 | $25,210 | Yes (X) | ||
| Jeffry Kutch | ||||||||
| Director of Facilities Thru August 2021 | 50.0 | 0.0 | $216,572 | $0 | $16,344 | Yes (X) | ||
| Joshua Pretzer | ||||||||
| Dean of Faculty | 50.0 | 0.0 | $170,314 | $0 | $33,230 | Yes (X) | ||
| Michael T Squires | ||||||||
| Commandant of Cadets | 50.0 | 0.0 | $168,688 | $0 | $12,046 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,364,918 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $219,664 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 94 | 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 | $12,766,167 |
| FLIK HOSPITALITY | |||||
| PO BOX 91337 | CHICAGO | IL | 606931137 | SCHOOL DINING CONTRACTOR | $6,388,855 |
| Hebard & Hebard Architects Inc | |||||
| 216 West Washington Street | South Bend | IN | 46601 | Architects | $1,435,115 |
| NEPC | |||||
| 255 State St | Boston | MA | 02109 | Investment Manager | $681,675 |
| Goldman Sachs | |||||
| 71 S Wacker Dr | Chicago | IL | 60606 | Investment Manager | $629,531 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 26 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $96,372,772 | AllOtherContributionsAmt |
| Noncash Contributions | $8,302,821 | NoncashContributionsAmt |
| Total Contributions | $96,372,772 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition & Fees for Students | 611110 | $55,518,923 | $55,518,923 |
| Student events/transportation | 611110 | $175,087 | $175,087 |
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 | $55,694,010 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,106,408 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$36,654 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,143,062 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $372,053 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $184,046 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $188,007 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $188,007 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $43,795 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $144,212 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $270,550,982 | SecuritiesAmt |
| Other | $51,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $205,839,088 | SecuritiesAmt |
| Other | $161,178 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $64,711,894 | SecuritiesAmt |
| Other | -$110,178 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $64,601,716 | TotalRevenueColumnAmt |
| Exclusion | $64,601,716 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $3,541,564 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,095,838 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,445,726 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $763,279 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $29,533 | UnrelatedBusinessRevenueAmt |
| Exclusion | $652,914 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| International Medical Insurance | 611110 | $704,141 | $704,141 |
| Additional Boarding School Fees | 611110 | $189,053 | $189,053 |
| Application Fees | 611110 | $86,700 | $86,700 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $671,492 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $671,176 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $316 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,651,386 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $229,060,025 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $58,152,154 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$7,121 | UnrelatedBusinessRevenueAmt |
| Exclusion | $74,542,220 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,600,000 | TotalAmt |
| Program Services | $1,600,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,281,802 | TotalAmt |
| Program Services | $14,281,802 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $534,800 | TotalAmt |
| Program Services | $160,440 | ProgramServicesAmt |
| Management And General | $160,440 | ManagementAndGeneralAmt |
| Fundraising | $213,920 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,319,691 | TotalAmt |
| Program Services | $20,727,975 | ProgramServicesAmt |
| Management And General | $2,379,361 | ManagementAndGeneralAmt |
| Fundraising | $2,212,355 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,200,000 | TotalAmt |
| Program Services | $937,227 | ProgramServicesAmt |
| Management And General | $182,441 | ManagementAndGeneralAmt |
| Fundraising | $80,332 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,559,833 | TotalAmt |
| Program Services | $8,869,646 | ProgramServicesAmt |
| Management And General | $1,173,480 | ManagementAndGeneralAmt |
| Fundraising | $516,707 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,060,376 | TotalAmt |
| Program Services | $1,730,596 | ProgramServicesAmt |
| Management And General | $228,963 | ManagementAndGeneralAmt |
| Fundraising | $100,817 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,883 | TotalAmt |
| Management And General | $159,883 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,908 | TotalAmt |
| Management And General | $144,908 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,287,670 | TotalAmt |
| Management And General | $3,287,670 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,221,766 | TotalAmt |
| Program Services | $6,533,915 | ProgramServicesAmt |
| Management And General | $1,583,084 | ManagementAndGeneralAmt |
| Fundraising | $104,767 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,407 | TotalAmt |
| Program Services | $57,944 | ProgramServicesAmt |
| Management And General | $39,216 | ManagementAndGeneralAmt |
| Fundraising | $441,247 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $851,943 | TotalAmt |
| Program Services | $473,640 | ProgramServicesAmt |
| Management And General | $138,708 | ManagementAndGeneralAmt |
| Fundraising | $239,595 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,136,415 | TotalAmt |
| Program Services | $568,207 | ProgramServicesAmt |
| Management And General | $284,104 | ManagementAndGeneralAmt |
| Fundraising | $284,104 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,560,682 | TotalAmt |
| Program Services | $2,426,502 | ProgramServicesAmt |
| Management And General | $134,180 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425,859 | TotalAmt |
| Program Services | $297,116 | ProgramServicesAmt |
| Management And General | $57,475 | ManagementAndGeneralAmt |
| Fundraising | $71,268 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,443 | TotalAmt |
| Program Services | $73,624 | ProgramServicesAmt |
| Management And General | $19,819 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,510,122 | TotalAmt |
| Program Services | $1,430,992 | ProgramServicesAmt |
| Management And General | $79,130 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,190,852 | TotalAmt |
| Program Services | $5,866,451 | ProgramServicesAmt |
| Management And General | $324,401 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $860,308 | TotalAmt |
| Program Services | $815,228 | ProgramServicesAmt |
| Management And General | $45,080 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Program-instructional support | $3,342,308 | $3,101,889 | $226,097 | $14,322 |
| Maintenance-equipment rentals | $2,288,110 | $1,883,952 | $404,150 | $8 |
| Property taxes | $135,497 | $128,397 | $7,100 | |
| Fuel | $149,436 | $143,615 | $5,821 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,241,960 | TotalAmt |
| Program Services | $864,096 | ProgramServicesAmt |
| Management And General | $219,027 | ManagementAndGeneralAmt |
| Fundraising | $158,837 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,696,071 | TotalAmt |
| Program Services | $72,973,254 | ProgramServicesAmt |
| Management And General | $11,284,538 | ManagementAndGeneralAmt |
| Fundraising | $4,438,279 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,970 | BOYAmt |
| EOY | $101,832 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,910,073 | BOYAmt |
| EOY | $52,873,495 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,176,271 | BOYAmt |
| EOY | $50,323,467 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $493,437 | BOYAmt |
| EOY | $343,269 | 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 | $1,886,715 | BOYAmt |
| EOY | $2,200,275 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,650,420 | BOYAmt |
| EOY | $2,676,636 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $264,421,550 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $148,944,668 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,554,255 | BOYAmt |
| EOY | $115,476,882 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,734,306 | BOYAmt |
| EOY | $152,595,506 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $529,631,006 | BOYAmt |
| EOY | $534,030,428 | 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 | $8,566,321 | BOYAmt |
| EOY | $7,632,031 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $893,652,774 | BOYAmt |
| EOY | $918,253,821 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,395,187 | BOYAmt |
| EOY | $5,911,564 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,441,764 | BOYAmt |
| EOY | $22,726,634 | 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 | $0 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,991,201 | BOYAmt |
| EOY | $15,018,130 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,128,152 | BOYAmt |
| EOY | $81,956,328 | 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 | $261,446,563 | BOYAmt |
| EOY | $263,858,046 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $546,078,059 | BOYAmt |
| EOY | $572,439,447 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $807,524,622 | BOYAmt |
| EOY | $836,297,493 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $893,652,774 | BOYAmt |
| EOY | $918,253,821 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $140,363,954 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$118,491,070 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $6,899,987 | 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 | $38,862 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $38,862 | 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 2021-2022 were $38,862 | 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 | $587,121,915 | BeginningYearBalanceAmt |
| Contributions | $9,609,163 | ContributionsAmt |
| Investment Earnings Or Losses | -$26,915,190 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $19,912,884 | OtherExpendituresAmt |
| Administrative Expenses | $3,287,671 | AdministrativeExpensesAmt |
| End Year Balance | $546,615,333 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.12 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.75 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.13 | 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 | $172,363,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $112,081,098 | DepreciationAmt |
| Book Value | $60,281,902 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,105,093 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,863,570 | DepreciationAmt |
| Book Value | $13,241,523 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $39,406,881 | OtherCostOrOtherBasisAmt |
| Book Value | $39,406,881 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $115,476,882 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Private Equity | $114,348,443 | F |
| Hedge Funds | $251,345,509 | F |
| Short term investments | $162,235,960 | F |
| Real estate | $5,819,654 | F |
| Miscellaneous other | $280,862 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $534,030,428 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Accrued pension liability | $5,942,609 |
| Interest rate swap agreement | $4,991,418 |
| Gift annuities | $4,084,103 |
| Capital lease agreement | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,018,130 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $96,879,368 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$116,891,070 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$14,281,802 | OtherRevenueAmt |
| Revenue Not Reported | -$131,172,872 | RevenueNotReportedAmt |
| Revenue Subtotal | $228,052,240 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,287,670 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$2,279,885 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,007,785 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $229,060,025 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $68,106,497 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $3,611,177 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,611,177 | ExpensesNotReportedAmt |
| Expenses Subtotal | $64,495,320 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,287,670 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $20,913,081 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $24,200,751 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $88,696,071 | 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 2021-2022 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 2022 and 2021. 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, 2022. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Financial Aid - -14281802 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Costs Of Good Sold Auxiliary Department - -2095838 Rental Expense - -184047 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Cost of Goods Sold Auxiliary Department - 2095838 Pledge Write-offs - 143467 Change in Charitable Annuities expense - 241380 Rental expense - 184047 Change in Cash Surrender Value - 124880 Change in Trusts - 821565 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Financial Aid - 14281802 Minimum Pension Liability - 1224795 Present Value of Future Swap Payments - 5406484 |
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 | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Investments | $67,319,941 |
| Sub-Saharan Africa | 0 | 0 | Investments | $541,725 |
| North America (Canada & Mexico only) | 0 | 0 | Investments | $8,031,034 |
| East Asia and the Pacific | 0 | 0 | Investments | $13,389,783 |
| 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 | $89,282,483 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $89,282,483 | 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 Method used to account for expenditures on org's financial statements | FormAndLineReferenceDesc |
| Explanation | CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SUB-SAHARAN AFRICA-Accrual | 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 | $1,600,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Merit and need-based financial aid | GrantTypeTxt |
| Recipient | 548 | RecipientCnt |
| Cash Grant | $14,281,802 | CashGrantAmt |
| 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 (7 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 | $335,452 | $0 | $0 | $0 | $539 | $0 | $41,187 | $0 | $25,199 | $0 | $402,377 | $0 | $0 | $0 |
| Brian R Baker | ||||||||||||||
| Chief Financial Officer | $153,817 | $0 | $0 | $0 | $427 | $0 | $9,906 | $0 | $22,186 | $0 | $186,336 | $0 | $0 | $0 |
| Jeffry Kutch | ||||||||||||||
| Director of Facilities Thru August 2021 | $216,174 | $0 | $0 | $0 | $398 | $0 | $3,797 | $0 | $12,547 | $0 | $232,916 | $0 | $0 | $0 |
| Joshua Pretzer | ||||||||||||||
| Dean of Faculty | $169,157 | $0 | $0 | $0 | $1,157 | $0 | $10,995 | $0 | $22,235 | $0 | $203,544 | $0 | $0 | $0 |
| Holly Johnson | ||||||||||||||
| Chief Advancement Officer Thru October 2021 | $167,403 | $0 | $0 | $0 | $275 | $0 | $9,218 | $0 | $15,992 | $0 | $192,888 | $0 | $0 | $0 |
| Andrew Seddelmeyer | ||||||||||||||
| Deputy Head of Schools | $151,189 | $0 | $0 | $0 | $242 | $0 | $9,901 | $0 | $24,455 | $0 | $185,787 | $0 | $0 | $0 |
| Michael T Squires | ||||||||||||||
| Commandant of Cadets | $168,313 | $0 | $0 | $0 | $375 | $0 | $9,975 | $0 | $2,071 | $0 | $180,734 | $0 | $0 | $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 lives on campus and is provided housing owned by the School. Listed employees who received housing are: Douglas Bird - $12,000 Jeffrey Kutch - $4,000 The value of this housing is included in the individual's non-taxable benefits. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | DOUGLAS O BIRD, 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 | Employment Benefit |
| See Part V | |||
| See Part V | $147,150 | Discounted tuition | Employment Benefit |
| See Part V | |||
| See Part V | $49,050 | Discounted tuition | Employment 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 | $760 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other - DONOR APPRAISAL | 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 | $8,500 | 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 | 31 | ContributionCnt |
| Noncash Contributions Rpt F990 | $8,212,403 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | 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 | 27 | $33,158 | 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 $ 15,493,481 including grants of $)(Revenue $ 763,279) 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 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 2022. 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 2022. 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: 671492, Related or Exempt Function Revenue: 671176, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 316; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Minimum pension liability - 1224795; Present value of future swap - 5406484; Temp restricted cash surrender value - -124880; Beneficial interest in trusts - -821565; Pledge write-offs - -143467; Charitable gift annuities - -241380; Transfer to Lowenstine Fund Corporation - 1600000; |
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 | $37,000 | TotalIncomeAmt |
| End Of Year Assets | $419,000 | 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 |
| 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 |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lowenstine Fund Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | R | TransactionTypeTxt |
| Involved | $1,600,000 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |