2025-02-05T07:02:21+00:00 2024-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-07-01 851352682 Lowenstine Fund Corporation LOWE 5748428292 1300 Academy Road Culver IN 465111291 Brian R Baker Assistant Treasurer 5748428292 2025-02-05 true Jennifer Burke P01342224 3128997000 2025-02-05 2023 2025-03-06 01:10:19Z Brian R Baker 1300 Academy Road Culver IN 465111291 1676021 false X www.lowenwood.net X 2020 IN To support educational programming on preservation and conservation while maintaining the Lowenwood property in its natural state. 5 5 0 0 0 0 1600000 1600000 0 29272 31566 19209 44455 1648481 1676021 0 0 0 0 0 1869214 1903152 1869214 1903152 -220733 -227131 19680837 19489320 158482 194096 19522355 19295224 To support educational programming on preservation and conservation while maintaining the Lowenwood property in its natural state. false false 1715082 0 LOWENSTINE FUND CORPORATION'S PURPOSE, MISSION, AND PRIMARY GOAL IS TO MAINTAIN THE LOWENWOOD PROPERTY IN ITS NATURAL STATE AND SUPPORT EDUCATIONAL USE AND PROGRAMMING THEREON WITH REGARD TO PRESERVATION AND CONSERVATION. 1715082 true true false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 3 0 true 0 false false false false false false false false false false false false X 5 5 true false false false false true false true false false false true true true true true true false false false IN WI X Brian R Baker 5748428292 1300 Academy Road No 159 Culver IN 465111291 John D Zeglis President 1.0 3.0 X X 0 0 0 Kathryn R Booth Vice President 1.0 5.0 X X 0 0 0 Miles D White Treasurer/Secretary 1.0 8.0 X X 0 0 0 James E Fellowes Director 1.0 3.0 X 0 0 0 Thomas H Story Director 1.0 3.0 X 0 0 0 Brian R Baker Assistant Treasurer 3.0 50.0 X 183407 0 45251 Pamela L Christiansen Assistant Secretary 3.0 50.0 X 116217 0 131677 299624 0 176928 0 false true false 0 1600000 1600000 0 0 0 0 0 31566 31566 44455 44455 0 44455 44455 0 0 0 0 0 0 0 1676021 0 0 76021 X 654647 523718 130929 0 25089 20071 5018 44125 35300 8825 328562 287991 40571 2040 2040 520220 520220 325034 325034 3435 2748 687 0 1903152 1715082 188070 0 333797 261532 10215 16595 0 0 0 0 14225 250462 20965500 2004769 19322600 18960731 0 0 0 0 19680837 19489320 158482 194096 0 0 0 0 158482 194096 X 14728530 14501399 4793825 4793825 19522355 19295224 19680837 19489320 -227131 0 X false true X true false X X X 1 CULVER EDUCATIONAL FOUNDATION 350868071 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4793825 4793825 15452614 1530272 13922342 382161 205143 177018 336900 269354 67546 18960731 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Lowenstine Fund Corporation ("LFC") is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, except to the extent LFC has unrelated business income, is exempt from federal income taxes. There was no provision for income taxes due on unrelated business income in fiscal years 2024 and 2023. LFC recognizes as tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the LFC's tax positions and concluded that the LFC had no material uncertainties in income taxes as of June 30, 2024. false false false false false false false false false Brian R Baker Assistant Treasurer 182532 0 0 0 875 0 18980 0 26271 0 228658 0 0 0 Pamela L Christiansen Assistant Secretary 115342 0 0 0 875 0 11910 0 119767 0 247894 0 0 0 Schedule J, Part I, Line 3 Please see response to Form 990, Part VI, Line 15A in Schedule O. Form 990, Part VI, Line 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS Pamela Christiansen and Brian Baker have a business relationship with John Zeglis, Kathryn Booth, Miles White, James Fellowes, Thomas Story because Pamela Christiansen and Brian Baker are employees of Culver Educational Foundation, Inc. and the rest of the individuals listed in Part VII, Section A. are trustees of Culver Educational Foundation, Inc. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION OF OFFICERS THE OFFICERS ARE COMPENSATED BY CULVER EDUCATION FOUNDATION, A RELATED PARTY. The Compensation Committee of the Board of Trustees reviews performance and determines compensation for the Head of Schools. The committee reviews comparative compensation for the Head of Schools and school officers every May, with the most recent compensation review completed in May 2024. Compensation is based upon performance and peer school review, as supported recommendations and industry benchmarks. The committee documents the compensation deliberations and decisions in the minutes of the meeting. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Bylaws of Lowenstine Fund Corporation provide that the board of trustees of Culver Educational Foundation, Inc. elects all of the members of the board of directors of Lowenstine Fund Corporation. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The Organization does not have committees with authority to act on behalf of the governing body. Therefore, this question has been answered "NO" in accordance with the Form 990 instructions. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared and reviewed by Culver Educational Foundation's Business Office before external review by Lowenstine Fund Corporation's tax firm. A copy of the Form 990 is provided to the board of directors of Lowenstine Fund Corporation. Form 990, Part VI, Line 12c Conflict of interest policy EACH MEMBER OF THE BOARD OF TRUSTEES COMPLETES AN ANNUAL CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS. OFFICERS OF THE BOARD AND ADMINISTRATIVE EMPLOYEES ALSO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT. ANY DISCLOSURE DETERMINED TO BE IN VIOLATION OF POLICY IS ADDRESSED. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in Section 6104(d) from the Controller or CFO of the Business Office of the Culver Educational Foundation. Copies of the documents are provided with state tax and corporate return filings and are regularly included with filings for property tax exemption and grant proposals as needed. In addition, information is provided to investment managers, bank officers as necessary or requested. Form 990, Part IX, Line 11g Other Fees Purchased Services - Total Expense: 654647, Program Service Expense: 523718, Management and General Expenses: 130929, Fundraising Expenses: ; Form 990, Part XII, Line 2c COMMITTEE OVERSIGHT OF AUDIT Culver Educational Foundation and Lowenstine Fund Corporation file a consolidated return, therefore, the Culver Educational Foundation's Budget and Audit Committee assumes responsibility for oversight of the audit, review and compilation of financial statements and selection of the independent accountant and then reports to the Lowenstine Fund Corporation board of directors. CULVER EDUCATIONAL FOUNDATION 1300 ACADEMY ROAD NO 159 CULVER IN 465111291 350868071 EDUCATION IN 501(c)(3) 2 NA false false false true false false false false false false false false false false false true true false false false