CULVER EDUCATIONAL FOUNDATION
1300 ACADEMY ROAD NO 159, CULVER, IN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $140,103,439 | $115,107,735 | $1,059,578,975 |
| FY2024 | $180,410,012 | $102,801,914 | $979,594,698 |
| FY2023 | $96,364,611 | $95,943,658 | $891,287,412 |
| FY2022 | $229,060,025 | $88,696,071 | $836,297,493 |
| FY2021 | $284,232,929 | $101,386,013 | $807,524,622 |
| FY2020 | $82,825,378 | $81,157,847 | $504,997,592 |
| FY2019 | $100,630,654 | $82,458,811 | $519,006,617 |
| FY2018 | $128,596,449 | $83,172,105 | $505,925,792 |
| FY2017 | $80,933,460 | $79,686,421 | $460,799,226 |
| FY2016 | $100,919,310 | $76,106,639 | $431,060,438 |
| FY2015 | $80,516,962 | $70,880,164 | $425,555,164 |
| FY2014 | $131,330,901 | $70,001,693 | $417,397,602 |
| FY2013 | $95,813,750 | $68,191,433 | $357,251,134 |
| FY2012 | $58,059,178 | $67,220,641 | $307,193,422 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $26,582,002 | 28% |
| Program service revenue | $66,689,793 | 72% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $95,198,112 | 83% |
| Management & general | $13,291,106 | 12% |
| Fundraising | $6,618,517 | 6% |
What the numbers show
- Program service revenue made up 72% of total revenue in FY2025.
- Program services accounted for 83% of functional expenses, management & general 12%, and fundraising 6%.
- 83% of functional expenses went to program services in FY2025. That is higher than 30.9% of 81 Education organizations in IN.
- Net assets covered about 110.5 months of expenses at the end of the reporting year. That puts it in the 84th percentile among 1090 Education organizations in IN.
- Total revenue was higher than 99.2% of 1109 Education organizations in IN.
- Total revenue rose from $58,059,178 in FY2012 to $140,103,439 in FY2025, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2012).
- The highest revenue on record here is $284,232,929 in FY2021.
- Net assets grew from $307,193,422 to $1,059,578,975 between FY2012 and FY2025.
- Contributions and grants made up 27% of revenue in FY2012 and 19% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1935 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B250 — Education (in IN) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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