Culver Educational Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$180,410,012
Program Services
35%
Other
33%
Contributions
23%
Investments
9%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$102,801,914
Salaries & Benefits
46%
Grants
17%
Fees to Service Providers
12%
Other
10%
Depreciation
7%
Offices, Occupancy & IT
5%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$28,670,794
$41,983,237
+46%
Government Grants
$0
$0
-
Fundraising Events
$1,083,930
$0
-100%
Program Services
$58,676,355
$62,634,798
+7%
Membership Dues
$0
$0
-
Investments
$9,623,571
$15,574,423
+62%
Other
-$1,690,039
$60,217,554
-3663%
Total Revenues
$96,364,611
$180,410,012
+87%
Expenses
2023
2024
Change
Grants
$16,687,350
$17,901,931
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$43,099,705
$47,625,787
+11%
Fees to Service Providers
$12,426,534
$12,307,290
-1%
Advertising & Promotion
$393,666
$482,904
+23%
Offices, Occupancy & IT
$5,158,949
$5,101,710
-1%
Interest
$1,743,802
$1,736,020
0%
Depreciation
$6,674,213
$7,496,270
+12%
Other
$9,759,439
$10,150,002
+4%
Total Expenses
$95,943,658
$102,801,914
+7%
Net income
2023
2024
Change
Net income
+$420,953
+$77,608,098
+18336%
Functional Expenses
Summary
2023
2024
Change
Program
$79,782,893
$86,513,621
+8%
Admin
$11,139,614
$11,162,980
+0%
Fundraising
$5,021,151
$5,125,313
+2%
Total Expenses
$95,943,658
$102,801,914
+7%
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