Totals
- Total revenue
- $5,650,530
- Total expenses
- $25,079,573
- Contributions and grants received
- $1,953,345
- Grants paid
- $24,336,906
- Program service revenue
- $0
- Investment income
- $3,697,185
- Other revenue
- $0
- Total assets, end of year
- $414,847,008
- Total liabilities, end of year
- $158,601,586
- Net assets or fund balances, end of year
- $256,245,422
- Program services expenses (Part IX)
- $25,079,573
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $25,079,573
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$1,953,345
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,713,343 · unrelated business $1,665,857 · excluded $47,486
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $65,267,573
-
7b · Less cost or other basis and sales expenses
securities $63,283,731
-
7c · Gain or loss
securities $1,983,842 · other assets $0
-
7d · Net gain or loss
total $1,983,842 · excluded $1,983,842
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $24,336,906 · program services $24,336,906
-
11f · Fees: investment management
total $742,667 · program services $742,667
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $20,903,456 · end of year $30,114,841
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $118,956,452 · end of year $123,062,509
-
12 · Investments: other securities
beginning of year $276,703,850 · end of year $261,669,658
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $172,447,818 · end of year $158,601,586
-
28 · Net assets with donor restrictions
beginning of year $244,115,940 · end of year $256,245,422
Mission and programs · 2023
Mission
The Earlham Foundation receives and holds permanently restricted gifts made to Earlham College (including the Earlham School of Religion). The Foundation invests these funds and releases quarterly distributions of earnings to Earlham College and Earlham School of Religion to support their operations.
Activities or mission (Part I)
Receives and holds gifts made to Earlham College.
-
Managing the investment portfolio for endowed and quasi endowed funds for the benefit of Earlham College and Earlham School of Religion, a program thereof.
Expenses $25,079,573 · Grants $24,336,906
As filed on the 2023 return.
Listed in Part VII
-
Carrie D Ervin
Assistant Treasurer, Secretary/Treasurer (beg June 2024)
- Total calculated
- $181,597
- From this org
- $0
- From related orgs
- $132,631
- Other
- $48,966
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $132,631 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,878 related
- Nontaxable benefits
- $0 + $37,088 related
- Filer's total
- $0 + $181,597 related
-
Joe Hedrick
President (until Dec 2023)
- Total calculated
- $0
- Hours/week
- 5
-
Larry Martin
Director, Vice President (beg Jan 2024)
- Total calculated
- $0
- Hours/week
- 5
-
Randal Sadler
Vice President (until Nov 2023)
- Total calculated
- $0
- Hours/week
- 5
-
Stacy L Davidson
Treasurer/Secretary (until June 2024)
- Total calculated
- $254,881
- From this org
- $0
- From related orgs
- $223,888
- Other
- $30,993
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $223,888 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $18,241 related
- Nontaxable benefits
- $0 + $12,752 related
- Filer's total
- $0 + $254,881 related
-
Tania Deng
President (beg Jan 2024)
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
Alan Scantland
Director (beg Jan 2024)
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Fred Mills
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jim Donahue
Director
- Total calculated
- $0
- Hours/week
- 2
-
John Turitzin
Director (until Nov 2023)
- Total calculated
- $0
- Hours/week
- 2
-
Marion Shore
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Newlin
Director (beg Jan 2024)
- Total calculated
- $0
- Hours/week
- 2
-
Tom Johnson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lianne Warner
Associate Controller/Assistant Secretary
- Total calculated
- $118,729
- From this org
- $0
- From related orgs
- $75,628
- Other
- $43,101
- Hours/week
- 18 + 32 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$24,336,906
General Support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Education · IN
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349312741
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