Culver Educational Foundation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,056,573,165
Investments
76%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
5%
Receivables (Non-Related)
2%
Other Assets
1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$76,978,467
Tax-Exempt Bond Liabilities
50%
Deferred Revenue
32%
Other Liabilities
9%
Payables & Accruals
8%
Notes Payable / Debt (Non-Related)
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$54,640,755
$53,213,604
-3%
Receivables (Non-Related)
$36,163,775
$26,059,745
-28%
Related-Party Receivables
$0
$0
-
Inventories
$2,747,510
$2,953,197
+7%
Prepaid Expenses
$3,100,442
$2,489,428
-20%
Investments
$730,498,228
$802,095,657
+10%
Property, Plant, & Equipment (net)
$130,758,997
$155,412,791
+19%
Other Assets
$13,221,260
$14,348,743
+9%
Total Assets
$971,130,967
$1,056,573,165
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$6,849,229
$5,839,104
-15%
Grants Payable
$0
-
-
Deferred Revenue
$24,473,224
$24,864,654
+2%
Tax-Exempt Bond Liabilities
$38,300,000
$38,300,000
+0%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$1,064,596
$1,114,139
+5%
Related-Party Payables
$0
$0
-
Other Liabilities
$9,156,506
$6,860,570
-25%
Total Liabilities
$79,843,555
$76,978,467
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$581,326,798
$617,625,947
+6%
Unrestricted Net Assets
$309,960,614
$361,968,751
+17%
Net assets
2023
2024
Change
Net assets
+$891,287,412
+$979,594,698
+10%
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