FURP.ORG / PUBLIC DATA EXPLORER

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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-14T04:59:53-08:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Blazek & VetterlingBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12900 Weslayan Suite 200AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770275132ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760647361EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Cullen FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCULLBusinessNameControlTxt
Phone7136518837PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1601 Jefferson St Ste 4000AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77002ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAlan M StewartPersonNm
Person TitleExec Dir/TreasPersonTitleTxt
Signature2016-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJody BlazekPreparerPersonNm
PTINP00072674PTIN
Phone7134395739PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$264,270,938FMVAssetsEOYAmt
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$432InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$432InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,675,572DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,675,572DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$17,469,099NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$71,121,839GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$17,240,986CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$3,160,219OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,123,628OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$25,305,322TotalRevAndExpnssAmt
Total Net Invst Incm$25,040,618TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$348,952CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$87,238CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$261,714CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$254,365OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$80,704OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$173,661OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$124,351PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$36,746PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$87,606PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$19,950AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$9,975AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$9,975AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,247,638OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,242,307OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$5,330OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$370,948TaxesRevAndExpnssAmt
Taxes Net Invst Incm$58,694TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$2,492DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss$46,329OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$23,165OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$23,165OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$6,545TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$2,457TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$3,273TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$256,301OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$232,067OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$24,234OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,677,871TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,773,353TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$588,958TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,750,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,750,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$15,427,871TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,773,353TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$13,338,958TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$9,877,451ExcessRevenueOverExpensesAmt
Net Investment Income$23,267,265NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$160,117CashBOYAmt
Cash EOY$40,332CashEOYAmt
Cash EOYFMV$40,332CashEOYFMVAmt
Sav And Temp Cash Invst BOY$14,170,969SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$7,097,029SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,097,029SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$16AcctRcvblAmt
Acct Rcvbl EOY$16AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$16AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$862PrepaidExpensesBOYAmt
Corporate Stock BOY$186,530,032CorporateStockBOYAmt
Corporate Stock EOY$194,902,232CorporateStockEOYAmt
Corporate Stock EOYFMV$222,061,916CorporateStockEOYFMVAmt
Land Bldg Investments EOYFMV$1,743,860LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$27,863,184OtherInvestmentsBOYAmt
Other Investments EOY$36,598,275OtherInvestmentsEOYAmt
Other Investments EOYFMV$33,301,449OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$51,768LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$25,432LandBldgEquipAccumDeprecAmt
Land BOY$27,652LandBOYAmt
Land EOY$26,336LandEOYAmt
Land EOYFMV$26,336LandEOYFMVAmt
Total Assets BOY$228,752,816TotalAssetsBOYAmt
Total Assets EOY$238,664,220TotalAssetsEOYAmt
Total Assets EOYFMV$264,270,938TotalAssetsEOYFMVAmt
Accounts Payable BOY$130,662AccountsPayableBOYAmt
Accounts Payable EOY$162,361AccountsPayableEOYAmt
Other Liabilities BOY$58,057OtherLiabilitiesBOYAmt
Other Liabilities EOY$60,311OtherLiabilitiesEOYAmt
Total Liabilities BOY$188,719TotalLiabilitiesBOYAmt
Total Liabilities EOY$222,672TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$5,367,256CapitalStockBOYAmt
Capital Stock EOY$5,367,756CapitalStockEOYAmt
Retained Earning BOY$223,196,841RetainedEarningBOYAmt
Retained Earning EOY$233,073,792RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$228,564,097TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$238,441,548TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$228,752,816TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$238,664,220TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$228,564,097TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$9,877,451ExcessRevenueOverExpensesAmt
Subtotal$238,441,548SubtotalAmt
Tot Net Ast Or Fund Balances EOY$238,441,548TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtAcquiredAcquiredDtSoldSoldDt
Publicly - traded securitiesP$68,715,283$53,206,415$15,508,868$15,508,868
Passthrough K-1 Capital GainP$1,024,983$1,024,983$1,024,983
LSRC II Investor S.A.R.L.P$1,153,460$446,325$707,135$707,1352010-03-312015-04-01
FieldValueIRS element (for citing)
Capital Gain Net Income$17,240,986CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$12,699,181AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$277,211,792NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04581DistributionYr1Rt
Adjusted Qlfy Distri Yr2$12,110,594AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$250,518,242NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04834DistributionYr2Rt
Adjusted Qlfy Distri Yr3$11,413,608AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$227,280,138NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05022DistributionYr3Rt
Adjusted Qlfy Distri Yr4$10,024,170AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$229,014,864NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04377DistributionYr4Rt
Adjusted Qlfy Distri Yr5$9,695,676AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$210,726,710NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04601DistributionYr5Rt
Total Distribution0.234152TotalDistributionRt
Average Distribution0.046830AverageDistributionRt
Net Vl Noncharitable Assets$274,395,585NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$12,849,945AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$232,673NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$13,082,618AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$13,340,134QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$232,673InvestmentIncomeExciseTaxAmt
Subtotal$232,673SubtotalAmt
Tax Based On Investment Income$232,673TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$228,223EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$50,000AppliedToEsTaxAmt
Total Payments And Credits$278,223TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$45,550OverpaymentAmt
Applied To ES Tax$45,550AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.cullenfdn.orgWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Peggy ReidBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7136518839PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1601 Jefferson St Ste 4000AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77002ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnYes (true)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmt
Isaac Arnold Jr
601 Jefferson St Ste 4000HoustonTX77002President/Dir2.00$0
Wilhelmina E Robertson
601 Jefferson St Ste 4000HoustonTX77002VP/Sec/Dir2.00$0
Meredith T Cullen
601 Jefferson St Ste 4000HoustonTX77002VP/A.S./Dir2.00$0
Bert L Campbell
601 Jefferson St Ste 4000HoustonTX77002Director2.00$0
William H Drushel Jr
601 Jefferson St Ste 4000HoustonTX77002Director2.00$0
Alan M Stewart
601 Jefferson St Ste 4000HoustonTX77002Exec Dir/Treas40.00$348,952$47,968

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee BenefitsEmployeeBenefitsAmt
Peggy Reid
601 Jefferson St Ste 4000HoustonTX77002Curr Contrlr40.00$81,667$20,808
Vic Mendoza
601 Jefferson St Ste 4000HoustonTX77002Form Contrlr40.00$79,742$7,446
Sue Alexander
601 Jefferson St Ste 4000HoustonTX77002Grants Admin40.00$67,200$5,490

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
Northern Trust Company
50 South LaSalleChicagoIL60603Custody/Inv mgmt$150,110
Fayez Sarofim & Co
909 Fannin Ste 2907HoustonTX77002Investment mgmt$140,644
NWQ Investment Management Company
2049 Century Park East 16th FlLos AngelesCA90067Investment mgmt$100,939
Goldman Sachs & Co
1000 Louisiana Ste 550HoustonTX77002Investment mgmt$167,739

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$234,558,702AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,460,132AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$35,555,364FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$278,574,198TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$278,574,198AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,178,613CashDeemedCharitableAmt
Net Vl Noncharitable Assets$274,395,585NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,719,779MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,719,779MinimumInvestmentReturnAmt
Tax Based On Investment Income$232,673TaxBasedOnInvestmentIncomeAmt
Income Tax$82,303IncomeTaxAmt
Total Tax$314,976TotalTaxAmt
Distributable Before Adj$13,404,803DistributableBeforeAdjAmt
Distributable Before Ded$13,404,803DistributableBeforeDedAmt
Distributable As Adjusted$13,404,803DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$13,338,958ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$1,176CharitableAssetsAcquisPaidAmt
Qualifying Distributions$13,340,134QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$232,673PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$13,107,461AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,404,803DistributableAsAdjustedAmt
Undistributed Income PY$2,571,968UndistributedIncomePYAmt
Qualifying Distributions$13,340,134QualifyingDistributionsAmt
Applied To Year1$2,571,968AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$10,768,166AppliedToCurrentYearAmt
Undistributed Income CY$2,636,637UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGina McEvilyRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1601 Jefferson St Ste 4000AddressLine1Txt
CityHoustonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77002ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7136518837RecipientPhoneNum
Recipient Email Addressgina@cullenfdn.orgRecipientEmailAddressTxt
Form And Info And MaterialsSee www.cullenfdn.org for online application and information.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsRestricted to Texas-based charitable organizations for programs in Texas, primarily in the Houston area.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee attachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1City and zipcode provided forAddressLine1Txt
Cityefiling purposesCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77002ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Grant Or Contribution PurposeSee attachedGrantOrContributionPurposeTxt
Amt$12,750,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,750,000TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

FieldValueIRS element (for citing)
Recipient PersonSee attachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1City and zipcode provided forAddressLine1Txt
Cityefiling purposesCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77002ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Grant Or Contribution PurposeSee attachedGrantOrContributionPurposeTxt
Amt$13,040,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$13,040,000TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$432ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,675,572ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business525990BusinessCd
Unrelated Business Taxbl Incm$228,113UnrelatedBusinessTaxblIncmAmt
Exclusion18ExclusionCd
Exclusion$17,240,986ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmtBusinessBusinessCdUnrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
Commission recapture1$8,099
Oil & gas royalties15$900,030
Passthrough K-1 Income14$2,197,000525990$55,090

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$283,203UnrelatedBusinessTaxblIncmAmt
Exclusion$25,022,119ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$25,305,322TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements 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)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmt
Leasehold improvements2001-11-01$33,483$11,304SL39.5000$859
Equipment2009-01-01$12,753$6,104SL5.0000$1,633

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtBasis MethodBasisMethodTxtTotal NetTotalNetAmtAcquiredAcquiredDtSoldSoldDt
Publicly - traded securitiesPurchase$68,715,283$53,206,415Cost$15,508,868
Passthrough K-1 Capital GainPurchase$1,024,983Cost$1,024,983
LSRC II Investor S.A.R.L.Purchase$1,153,460$446,325Cost$707,1352010-032015-04

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
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)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements 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)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet 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

FieldValueIRS element (for citing)
DescTaxes payableDesc
BOY Book Value$58,057BOYBookValueAmt
EOY Book Value$60,311EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements 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)

CategoryCategoryTxtAmtAmtNet 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