CULP FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CULP FAMILY FOUNDATION (EIN 45-5394566)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-08-04
- IRS object ID
- 202032179349100708
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Income Schedule2
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-08-04T10:48:08-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455394566 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CULP FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BDO USA LLP | InCareOfNm |
| Business Name Control | CULP | BusinessNameControlTxt |
| Phone | 7038930600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 Greensboro Dr 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | H LAWRENCE CULP JR | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 7038930600 | PhoneNum |
| Signature | 2020-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joan C Holtz | PreparerPersonNm |
| PTIN | P00836429 | PTIN |
| Phone | 7038930600 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 108.185.34.125 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 54621820202175000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-08-04 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E6EC060B5FE8EEE38574BE866CEE8F550524E01E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C4A55FF5D702A9B56CA33589F778DAF2D3DABDF5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-11-19 02:30:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $20,813,798 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $6,500 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $114,558 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $114,558 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $430,306 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $430,306 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $50,383 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,087,020 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $50,383 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $225 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $225 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $601,972 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $595,472 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $8,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $8,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $58,931 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $52,011 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $22,734 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $12,634 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $89,665 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $64,645 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,000 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,274,250 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,274,250 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,363,915 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $64,645 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,282,250 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$761,943 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $530,827 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $271,676 | CashBOYAmt |
| Cash EOY | $221,177 | CashEOYAmt |
| Cash EOYFMV | $221,177 | CashEOYFMVAmt |
| Corporate Stock BOY | $9,942,985 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,794,254 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $14,505,723 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $6,452,987 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,890,275 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $6,086,898 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $16,667,648 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,905,706 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,813,798 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $16,667,648 | RetainedEarningBOYAmt |
| Retained Earning EOY | $15,905,705 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,667,648 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,905,705 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,667,648 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,905,705 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,667,648 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$761,943 | ExcessRevenueOverExpensesAmt |
| Subtotal | $15,905,705 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $15,905,705 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| NT #6712, 4417, 8433 [SEE ATTD] | P | 2019-01-01 | 2019-12-31 | $729,163 | $700,243 | $28,920 | $28,920 |
| NT #6712, 4417, 8433 [SEE ATTD] | P | 2018-01-01 | 2019-12-31 | $3,357,857 | $3,336,394 | $21,463 | $21,463 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $50,383 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $955,200 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $19,816,140 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.048203 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,054,200 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $19,897,547 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.052981 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $539,600 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $18,610,250 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.028995 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,232,409 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $14,310,251 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.086121 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,337,941 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,312,690 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.182962 | DistributionYr5Rt |
| Total Distribution | 0.399262 | TotalDistributionRt |
| Average Distribution | 0.079852 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $19,894,693 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,588,631 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $5,308 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,593,939 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,282,250 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,617 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,617 | SubtotalAmt |
| Tax Based On Investment Income | $10,617 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,100 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $7,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $17,100 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $6,483 | OverpaymentAmt |
| Applied To ES Tax | $6,483 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7038930600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8405 GREENSBORO DRIVE 7TH FLOOR | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| H LAWRENCE CULP JR | ||||||||
| 963 ALVERMAR RIDGE DR | MCLEAN | VA | 22102 | PRESIDENT | 1.0 | $0 | $0 | $0 |
| WENDY H CULP | ||||||||
| 963 ALVERMAR RIDGE DR | MCLEAN | VA | 22102 | SECRETARY | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $13,584,641 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $450,792 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $6,162,225 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $20,197,658 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $20,197,658 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $302,965 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $19,894,693 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $994,735 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $994,735 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,617 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,617 | TotalTaxAmt |
| Distributable Before Adj | $984,118 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $984,118 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $984,118 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,282,250 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,282,250 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $1,282,250 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $984,118 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $414,392 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $661,078 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $73,995 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $1,149,465 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,282,250 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $984,118 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $298,132 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,447,597 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $414,392 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,033,205 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $661,078 | ExcessFromYear4Amt |
| Excess From Year2 | $73,995 | ExcessFromYear2Amt |
| Excess From Current Year | $298,132 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | H LAWRENCE CULP JR | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| THE AUDUBON SOCIETY | ||||||
| 1200 18TH ST NW | WASHINGTON | DC | 20036 | PC | 2019 GRANT FOR GENERAL OPERATING | $500 |
| THE POTOMAC SCHOOL | ||||||
| 1301 POTOMAC SCHOOL ROAD | MCLEAN | VA | 22101 | PC | 2019 GRANT FOR GENERAL OPERATING | $450,000 |
| MASONIC VILLAGES | ||||||
| ONE MASONIC DRIVE | ELIZABETHTOWN | PA | 170222199 | PC | 2019 GRANT FOR GENERAL OPERATING | $5,000 |
| RIVERARTS GALLERY | ||||||
| 315 HIGH ST STE 106 | CHESTERTOWN | MD | 21620 | PC | 2019 GRANT FOR GENERAL OPERATING | $5,000 |
| CAROLINE COUNTY HUMANE SOCIETY | ||||||
| 407 W BELLE ST | RIDGELY | MD | 21660 | PC | 2019 GRANT FOR GENERAL OPERATING | $500 |
| SULTANA EDUCATION FOUNDATION | ||||||
| 200 S CROSS ST | CHESTERTOWN | MD | 21620 | PC | 2019 GRANT FOR GENERAL OPERATING | $198,250 |
| HARVARD BUSINESS SCHOOL | ||||||
| SOLDIERS FIELD | BOSTON | MA | 02163 | PC | 2019 GRANT FOR GENERAL OPERATING | $500,000 |
| WASHINGTON COLLEGE | ||||||
| 300 WASHINGTON AVENUE | CHESTERTOWN | MD | 21620 | PC | 2019 GRANT FOR GENERAL OPERATING | $115,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,274,250 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $544,864 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $50,383 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECTION 1411 NET INVESTMENT INCOME | Desc |
| Unrelated Business Taxbl Incm | $225 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $225 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $595,247 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $595,472 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | H LAWRENCE CULP JR WENDY CULP | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 963 ALVERMAR RIDGE DR | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $6,500 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $8,000 | Amt |
| Disbursements Charitable Prps | $8,000 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | NT #6712, 4417, 8433 | StockNm |
| EOY Book Value | $9,794,254 | EOYBookValueAmt |
| EOYFMV | $14,505,723 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | NT #6712, 4417, 8433 | CategoryOrItemTxt |
| Book Value | $5,890,275 | BookValueAmt |
| EOYFMV | $6,086,898 | EOYFMVAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NORTHERN TRUST #6712, 4417, 8433 | Desc |
| Revenue And Expenses Per Books | $225 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $225 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| NT #6712, 4417, 8433 - INV FEE | $15,673 | $15,673 |
| NT #6712, 4417, 8433 - MISC EX | $36,338 | $36,338 |
| NT #6712, 4417, 8433 - INV FEE | $6,920 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | H LAWRENCE CULP JR WENDY CULP | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 963 ALVERMAR RIDGE DR | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| NT #6712 - FOREIGN TAX PAID | $12,634 | $12,634 |
| NT #4078 - ESTIMATED TAX PAID | $10,100 |
Comments