THE CULLEN FOUNDATION: Form 990PF, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- THE CULLEN FOUNDATION (EIN 76-0647361)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-14
- IRS object ID
- 201603199349100600
- Schema version
- 2015v2.0
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-14T04:59:53-08:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 760647361 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Cullen Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CULL | BusinessNameControlTxt |
| Phone | 7136518837 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 Jefferson St Ste 4000 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Alan M Stewart | PersonNm |
| Person Title | Exec Dir/Treas | PersonTitleTxt |
| Signature | 2016-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jody Blazek | PreparerPersonNm |
| PTIN | P00072674 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $264,270,938 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $432 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $432 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $4,675,572 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,675,572 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $17,469,099 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $71,121,839 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $17,240,986 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $3,160,219 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,123,628 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $25,305,322 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $25,040,618 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $348,952 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $87,238 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $261,714 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $254,365 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $80,704 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $173,661 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $124,351 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $36,746 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $87,606 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $19,950 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,975 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $9,975 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,247,638 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,242,307 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $5,330 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $370,948 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $58,694 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $2,492 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $46,329 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $23,165 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $23,165 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $6,545 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,457 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,273 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $256,301 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $232,067 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $24,234 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,677,871 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,773,353 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $588,958 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $12,750,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $12,750,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $15,427,871 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,773,353 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $13,338,958 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $9,877,451 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $23,267,265 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $160,117 | CashBOYAmt |
| Cash EOY | $40,332 | CashEOYAmt |
| Cash EOYFMV | $40,332 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $14,170,969 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,097,029 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,097,029 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $16 | AcctRcvblAmt |
| Acct Rcvbl EOY | $16 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $16 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $862 | PrepaidExpensesBOYAmt |
| Corporate Stock BOY | $186,530,032 | CorporateStockBOYAmt |
| Corporate Stock EOY | $194,902,232 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $222,061,916 | CorporateStockEOYFMVAmt |
| Land Bldg Investments EOYFMV | $1,743,860 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $27,863,184 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $36,598,275 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $33,301,449 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $51,768 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $25,432 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $27,652 | LandBOYAmt |
| Land EOY | $26,336 | LandEOYAmt |
| Land EOYFMV | $26,336 | LandEOYFMVAmt |
| Total Assets BOY | $228,752,816 | TotalAssetsBOYAmt |
| Total Assets EOY | $238,664,220 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $264,270,938 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $130,662 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $162,361 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $58,057 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $60,311 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $188,719 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $222,672 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $5,367,256 | CapitalStockBOYAmt |
| Capital Stock EOY | $5,367,756 | CapitalStockEOYAmt |
| Retained Earning BOY | $223,196,841 | RetainedEarningBOYAmt |
| Retained Earning EOY | $233,073,792 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $228,564,097 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $238,441,548 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $228,752,816 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $238,664,220 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $228,564,097 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $9,877,451 | ExcessRevenueOverExpensesAmt |
| Subtotal | $238,441,548 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $238,441,548 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly - traded securities | P | $68,715,283 | $53,206,415 | $15,508,868 | $15,508,868 | ||
| Passthrough K-1 Capital Gain | P | $1,024,983 | $1,024,983 | $1,024,983 | |||
| LSRC II Investor S.A.R.L. | P | $1,153,460 | $446,325 | $707,135 | $707,135 | 2010-03-31 | 2015-04-01 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $17,240,986 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $12,699,181 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $277,211,792 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04581 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $12,110,594 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $250,518,242 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04834 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $11,413,608 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $227,280,138 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05022 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $10,024,170 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $229,014,864 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04377 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $9,695,676 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $210,726,710 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04601 | DistributionYr5Rt |
| Total Distribution | 0.234152 | TotalDistributionRt |
| Average Distribution | 0.046830 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $274,395,585 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $12,849,945 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $232,673 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $13,082,618 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $13,340,134 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $232,673 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $232,673 | SubtotalAmt |
| Tax Based On Investment Income | $232,673 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $228,223 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $50,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $278,223 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $45,550 | OverpaymentAmt |
| Applied To ES Tax | $45,550 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.cullenfdn.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Peggy Reid | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7136518839 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 Jefferson St Ste 4000 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Isaac Arnold Jr | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | President/Dir | 2.00 | $0 | |
| Wilhelmina E Robertson | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | VP/Sec/Dir | 2.00 | $0 | |
| Meredith T Cullen | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | VP/A.S./Dir | 2.00 | $0 | |
| Bert L Campbell | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | Director | 2.00 | $0 | |
| William H Drushel Jr | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | Director | 2.00 | $0 | |
| Alan M Stewart | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | Exec Dir/Treas | 40.00 | $348,952 | $47,968 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Peggy Reid | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | Curr Contrlr | 40.00 | $81,667 | $20,808 |
| Vic Mendoza | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | Form Contrlr | 40.00 | $79,742 | $7,446 |
| Sue Alexander | |||||||
| 601 Jefferson St Ste 4000 | Houston | TX | 77002 | Grants Admin | 40.00 | $67,200 | $5,490 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Northern Trust Company | |||||
| 50 South LaSalle | Chicago | IL | 60603 | Custody/Inv mgmt | $150,110 |
| Fayez Sarofim & Co | |||||
| 909 Fannin Ste 2907 | Houston | TX | 77002 | Investment mgmt | $140,644 |
| NWQ Investment Management Company | |||||
| 2049 Century Park East 16th Fl | Los Angeles | CA | 90067 | Investment mgmt | $100,939 |
| Goldman Sachs & Co | |||||
| 1000 Louisiana Ste 550 | Houston | TX | 77002 | Investment mgmt | $167,739 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $234,558,702 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,460,132 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $35,555,364 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $278,574,198 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $278,574,198 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,178,613 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $274,395,585 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $13,719,779 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $13,719,779 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $232,673 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $82,303 | IncomeTaxAmt |
| Total Tax | $314,976 | TotalTaxAmt |
| Distributable Before Adj | $13,404,803 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $13,404,803 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $13,404,803 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $13,338,958 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $1,176 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $13,340,134 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $232,673 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $13,107,461 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $13,404,803 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,571,968 | UndistributedIncomePYAmt |
| Qualifying Distributions | $13,340,134 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,571,968 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $10,768,166 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $2,636,637 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Gina McEvily | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 Jefferson St Ste 4000 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7136518837 | RecipientPhoneNum |
| Recipient Email Address | gina@cullenfdn.org | RecipientEmailAddressTxt |
| Form And Info And Materials | See www.cullenfdn.org for online application and information. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Restricted to Texas-based charitable organizations for programs in Texas, primarily in the Houston area. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attached | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | City and zipcode provided for | AddressLine1Txt |
| City | efiling purposes | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | See attached | GrantOrContributionPurposeTxt |
| Amt | $12,750,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $12,750,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attached | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | City and zipcode provided for | AddressLine1Txt |
| City | efiling purposes | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | See attached | GrantOrContributionPurposeTxt |
| Amt | $13,040,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $13,040,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $432 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,675,572 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $228,113 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $17,240,986 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| Commission recapture | 1 | $8,099 | ||
| Oil & gas royalties | 15 | $900,030 | ||
| Passthrough K-1 Income | 14 | $2,197,000 | 525990 | $55,090 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $283,203 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $25,022,119 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $25,305,322 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Financial statement audit fees | $18,000 | $9,000 | $0 | $9,000 |
| Tax planning and compliance | $1,950 | $975 | $0 | $975 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| Leasehold improvements | 2001-11-01 | $33,483 | $11,304 | SL | 39.5000 | $859 |
| Equipment | 2009-01-01 | $12,753 | $6,104 | SL | 5.0000 | $1,633 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Basis MethodBasisMethodTxt | Total NetTotalNetAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly - traded securities | Purchase | $68,715,283 | $53,206,415 | Cost | $15,508,868 | ||
| Passthrough K-1 Capital Gain | Purchase | $1,024,983 | Cost | $1,024,983 | |||
| LSRC II Investor S.A.R.L. | Purchase | $1,153,460 | $446,325 | Cost | $707,135 | 2010-03 | 2015-04 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $5,532 | $5,532 | ||
| Machinery and Equipment | $12,753 | $7,737 | $5,016 | $5,016 |
| Improvements | $33,483 | $12,163 | $21,320 | $21,320 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bank charges | $2,760 | $1,380 | $1,380 |
| Bank custodial fees | $125,393 | $125,393 | |
| Dues and subscriptions | $7,664 | $3,832 | $3,832 |
| Insurance | $25,266 | $12,633 | $12,633 |
| Oil & gas other deductions | $81,724 | $81,724 | |
| Other administrative expenses | $3,234 | $1,617 | $1,617 |
| Other investment fees | $714 | $714 | |
| Repairs/maintenance | $727 | $364 | $363 |
| Supplies | $4,264 | $2,132 | $2,132 |
| Technology | $4,555 | $2,278 | $2,277 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Commission recapture | $8,099 | $8,099 |
| Oil & gas royalties | $900,030 | $900,030 |
| Passthrough K-1 Income | $2,252,090 | $2,215,499 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Taxes payable | Desc |
| BOY Book Value | $58,057 | BOYBookValueAmt |
| EOY Book Value | $60,311 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Investment consulting fees | $36,418 | $36,418 | $0 | $0 |
| Investment management fees | $1,200,559 | $1,200,559 | $0 | $0 |
| Mail services | $3,600 | $1,800 | $0 | $1,800 |
| Payroll services | $7,061 | $3,530 | $0 | $3,530 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Ad valorem taxes | $28,037 | $28,037 |
| Excise tax | $314,929 | |
| Income tax | $2,675 | |
| O & G production taxes | $30,657 | $30,657 |