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Darsey Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$38.5k (2022)

Expenses
$11.2k (2022)

Total Assets
$411k (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,476
Expenses
$11,236
Net Income
$27,240
Net Assets
$410,998
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $149
0.4%
Dividends $7,711
20.0%
Sales of Assets $30,616
79.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,855
43.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $410,998
Total Liabilities $0
Net Assets $410,998
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,195
Expenses
$51,019
Net Income
-$25,824
Net Assets
$383,758
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $34
0.1%
Dividends $9,794
38.9%
Sales of Assets $15,367
61.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $44,428
87.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $383,758
Total Liabilities $0
Net Assets $383,758
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,223
Expenses
$39,564
Net Income
-$23,341
Net Assets
$409,581
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $75
0.5%
Interest Revenue $1,720
10.6%
Dividends $8,247
50.8%
Sales of Assets $6,181
38.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,133
86.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $409,582
Total Liabilities $1
Net Assets $409,581
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,751
Expenses
$11,126
Net Income
$11,625
Net Assets
$432,922
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,944
8.5%
Dividends $8,123
35.7%
Sales of Assets $12,684
55.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,905
53.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $432,923
Total Liabilities $1
Net Assets $432,922
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,339
Expenses
$20,419
Net Income
$2,920
Net Assets
$421,298
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $13,415
57.5%
Interest Revenue $1,992
8.5%
Dividends $7,401
31.7%
Sales of Assets $531
2.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,430
75.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $421,298
Total Liabilities $0
Net Assets $421,298
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,925
Expenses
$28,941
Net Income
-$6,016
Net Assets
$418,378
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,135
5.0%
Interest Revenue $2,161
9.4%
Dividends $11,951
52.1%
Sales of Assets $5,816
25.4%
Other Income $1,862
8.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,985
82.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $418,811
Total Liabilities $433
Net Assets $418,378
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,076
Expenses
$27,765
Net Income
-$9,689
Net Assets
$424,394
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,126
17.3%
Dividends $11,005
60.9%
Sales of Assets $3,903
21.6%
Other Income $42
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,130
83.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $424,599
Total Liabilities $205
Net Assets $424,394
Compensation
Key Employees and Officers Compensation Other
Charles H Darsey (Tresurer) $0 $0
Charles B Darsey (Vice Preside) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,715
Expenses
$33,034
Net Income
-$18,319
Net Assets
$434,083
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
6.8%
Interest Revenue $3,739
25.4%
Dividends $11,528
78.3%
Sales of Assets -$1,638
Other Income $86
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,805
84.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $434,083
Total Liabilities $0
Net Assets $434,083
Compensation
Key Employees and Officers Compensation Other
Charles B Darsey (Vice Pres) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (President) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,491
Expenses
$28,428
Net Income
-$5,937
Net Assets
$452,402
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,954
17.6%
Dividends $12,056
53.6%
Sales of Assets $6,367
28.3%
Other Income $114
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,409
82.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $452,402
Total Liabilities $0
Net Assets $452,402
Compensation
Key Employees and Officers Compensation Other
Charles H Darsey (President) $0 $0
Charles B Darsey (Vice Pres) $0 $0
James G Johnson (Non Voting T) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (Trustee) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Chase Harvard (Non Voting T) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$307,187
Expenses
$23,650
Net Income
$283,537
Net Assets
$458,339
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300,000
97.7%
Interest Revenue $3,629
1.2%
Dividends $875
0.3%
Sales of Assets $2,683
0.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,562
82.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $458,339
Total Liabilities $0
Net Assets $458,339
Compensation
Key Employees and Officers Compensation Other
Charles H Darsey (President) $0 $0
Charles B Darsey (Vice Pres) $0 $0
James G Johnson (Treasurer) $0 $0
Chris Darsey (Treasuror) $0 $0
Martha B Darsey (Trustee) $0 $0
Maelu D Culpepper (Secretary) $0 $0
Lew Culpepper (Trustee) $0 $0
Andrew B Darsey (Trustee) $0 $0
Paul Mccord (Trustee) $0 $0
Greg A Mattox (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,440
Expenses
$5,799
Net Income
-$1,359
Net Assets
$174,801
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,620
81.5%
Dividends $820
18.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,799
48.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $174,802
Total Liabilities $1
Net Assets $174,801

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,192
Expenses
$5,046
Net Income
-$854
Net Assets
$176,160
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,503
83.6%
Dividends $689
16.4%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,046
40.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $176,161
Total Liabilities $1
Net Assets $176,160

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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