Culver Educational Foundation
Culver Educational Foundation reported $140.1 million in revenue and $115.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.70 went to program services, $11.55 to management and general costs and $5.75 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 47.6% of the total. The highest compensation it reported for one person was $648,444 (Head of Schools). 130 people received more than $100,000 in reportable compensation. Revenue rose 69% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $115MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $140MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.25 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 19.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 47.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $648,444 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.56% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 130 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 110.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 39 of 39 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCulver 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…
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
Founded in 1902, Culver Summer Schools and Camps is a fun- filled, naturally beautiful 1,800-acre setting where nearly 1,400 young people from around the world, ages 7-17, develop positive self-esteem through accomplishment and self-discipline. It is a high challenge-high support-high reward environment for learning leadership skills that improve personal confidence
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Head of Schools Officer, 60.0 hrs/week | $445,422 | $0 | $203,022 | $648,444 |
| Dean of Culver Girls Academy Key employee, 50.0 hrs/week | $135,506 | $0 | $269,776 | $405,282 |
| Deputy Head of Schools Highest compensated employee, 50.0 hrs/week | $179,649 | $0 | $165,388 | $345,037 |
| Dean of Faculty Highest compensated employee, 50.0 hrs/week | $203,988 | $0 | $130,091 | $334,079 |
| Commandant of Cadets Key employee, 50.0 hrs/week | $187,087 | $0 | $77,844 | $264,931 |
| Chief Financial Officer Officer, 50.0 hrs/week | $206,026 | $0 | $50,381 | $256,407 |
| Chief Human Resources Officer Highest compensated employee, 50.0 hrs/week | $192,174 | $0 | $48,512 | $240,686 |
| Director of Enrollment Management, Admissions Highest compensated employee, 50.0 hrs/week | $179,532 | $0 | $41,097 | $220,629 |
130 people received more than $100,000 in reportable compensation from Culver Educational Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $691K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b39 · 39 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,094
- Volunteers Part I, line 61,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BULLEY REWS General contractor | $12,252,549 |
| FLIK HOSPITALITY School dining contractor | $8,308,852 |
| HAGERMAN INC General contractor | $3,732,876 |
| HGR CONSULTING General contractor | $2,595,776 |
| GOLDMANS SACHS Investment manager | $889,463 |
Individuals listed as contractors are left out. 35 contractors were paid more than $100,000 in all.
Private foundation grants it received
44 private foundations reported grants to Culver Educational Foundation totaling $707K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Culver Educational Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Culver Educational Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Culver Educational Foundation spent in FY2025, $82.70 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Nazareth UniversityRochester, NY · revenue $140M · programs 90.1% · FY2025
- CogniaAlpharetta, GA · revenue $140M · programs 84.5% · FY2025
- Greenwich Country Day SchoolGreenwich, CT · revenue $140M · programs 76.6% · FY2025
- Mississippi CollegeClinton, MS · revenue $140M · programs 88.0% · FY2025
- Ohio Virtual AcademyMaumee, OH · revenue $140M · programs 82.3% · FY2025
Questions people ask
How much of Culver Educational Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Culver Educational Foundation reported that 82.7% of its $115.1 million in expenses went to program services, 11.5% to management and general and 5.7% to fundraising (Form 990, Part IX).
How much does Culver Educational Foundation pay its top executive?
The largest total compensation Culver Educational Foundation reported for one person in the fiscal year ending June 30, 2025 was $648,444, for the role of Head of Schools (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Culver Educational Foundation get its money?
Of $140.1 million in revenue in the fiscal year ending June 30, 2025, 19.0% came from contributions and grants and 47.6% from program service revenue (Form 990, Part VIII).
Is Culver Educational Foundation a registered charity?
The IRS lists EIN 35-0868071 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349302579 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541279349303889 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421029349300422 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331319349305478 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241309349301819 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111309349301251 · read the filing
All filings for EIN 35-0868071: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.