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Education · 2023 Form 990

Culver Educational Foundation: $96.4M Revenue, $74.8M Program Expenses

Culver, Indiana · EIN 350868071 · Filing year 2023

Culver Educational Foundation reported $96.4M in total revenue, $95.9M in total expenses, and $971.1M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($74.8M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (58/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

C
Efficiency Score
58/100

Key Facts (2023 Form 990)

Total Revenue
$96.4M
Total Expenses
$95.9M
Program Expenses
$74.8M
Program Expense Ratio
78.0%
Total Assets
$971.1M
Reserve Months
121.5 months
EIN
350868071
Latest 990 Year
2023
Top Officer Compensation
Not reported

The composite efficiency score of 58/100 puts Culver Educational Foundation at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).

Culver Educational Foundation reported $96.4M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Culver Educational Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Culver Educational Foundation sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.


$96.4M
Revenue
$95.9M
Expenses
$971.1M
Total Assets
78.0%
Program Spending

How Culver Educational Foundation Compares

Culver Educational Foundation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 58/100 is 16 points below the Education category average. The organization holds 121.5 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$74.8M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
121.5 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Culver Educational Foundation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Culver Educational Foundation has an Efficiency Score of C (58/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Culver Educational Foundation, Donor FAQ

Culver Educational Foundation has an Efficiency Score of C (58/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Culver Educational Foundation is not reported in the most recent IRS 990 filing on file.

Culver Educational Foundation reported $96.4M in annual revenue and $95.9M in total expenses for filing year 2023. The organization holds $971.1M in total assets.

For every dollar donated to Culver Educational Foundation, approximately 78.0 cents goes to program activities. The organization has 121.5 months of operating reserves, providing financial stability to sustain its mission.

Culver Educational Foundation is a registered 501(c) organization with EIN 350868071, based in Culver, Indiana. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.