Culvers Vip Foundation Inc

Organization Overview

Culvers Vip Foundation Inc is located in Prairie Du Sac, WI. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culvers Vip Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Culvers Vip Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $881.6k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Culvers Vip Foundation Inc has awarded 394 individual grants totaling $2,374,496. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

CULVER'S FOUNDATION'S SCHOLARSHIP PROGRAM HELPS TEAM MEMBERS REACH THEIR DREAMS. THE PROGRAM PROVIDES ASSISTANCE TO THOSE WANTING TO ACHIEVE THEIR GOAL OF EARNING A COLLEGE OR TECHNICAL DEGREE. SINCE THE PROGRAM BEGAN IN 1993, THE SCHOLARSHIP PROGRAM HAS PROVIDED OVER $6 MILLION IN SCHOLARSHIP TO OVER 4,000 TEAM MEMBERS. DURING 2021, THE FOUNDATION AWARDED SCHOLARSHIPS TO 293 TEAM MEMBERS FROM 201 RESTAURANTS IN 23 STATES.


THE GOALS OF CULVER'S FOUNDATION ARE TO ENSURE PEOPLE IN OUR COMMUNITIES HAVE ACCESS TO BASIC NEEDS, TO PROMOTE THE DEVELOPMENT OF OUR YOUTH AND THEIR FAMILIES AND TO GIVE LOCALLY IN COMMUNITIES, INCLUDING CULVER'S HOMETOWN OF SAUK CITY, WISCONSIN.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,083,987
Interest on Savings $6,762
Dividends & Interest $53,480
Net Rental Income$0
Net Gain on Sale of Assets $194,589
Capital Gain Net Income $194,589
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $141,450
Total Revenue $1,480,268

Grants Awarded

Over the last fiscal year, Culvers Vip Foundation Inc has awarded $877,500 in support to 192 organizations.

Grant RecipientAmount

UNIVERSITY OF WISCONSIN - MADISON

PURPOSE: SCHOLARSHIP(S) FOR RECIPIENT(S) PAID DIRECTLY TO SCHOOL

$45,000

BADGER CHILDHOOD CANCER NETWORK

Org PageRecipient Profile

Madison, WI

PURPOSE: TO HELP SUPPORT THE FINANCIAL ASSISTANCE PROGRAM

$30,000

MADISON CHILDRENS MUSEUM

Org PageRecipient Profile

Madison, WI

PURPOSE: TO SUPPORT THEIR NEW WONDERGROUND PLAY SPACE.

$20,000

WRA EDUCATION FOUNDATION

PURPOSE: PROSTART PROGRAM/PSI-NPSI AND MANAGEMENT SPONSORSHIP

$18,500

THE UNIVERSITY OF IOWA

PURPOSE: SCHOLARSHIP(S) FOR RECIPIENT(S) PAID DIRECTLY TO SCHOOL

$15,500

THE RAINBOW PROJECT

Org PageRecipient Profile

Madison, WI

PURPOSE: TO HELP SUPPORT THE CHILDREN OF VIOLENT HOMES PROJECT

$15,500
View Grant Profile

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