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Culp Family Foundation

  • Mclean, VA
  • Tax-exempt since Jan. 2013
  • EIN: 45-5394566

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$65.5M (2024)

Expenses
$2.45M (2024)

Total Assets
$35.1M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,468,831
Expenses
$2,452,813
Net Income
$63,016,018
Net Assets
$35,073,512
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $49,984,969
76.3%
Interest Revenue $140,083
0.2%
Dividends $441,975
0.7%
Sales of Assets $14,899,916
22.8%
Other Income $1,888
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,317,877
94.5%
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 $35,073,512
Total Liabilities $0
Net Assets $35,073,512
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on July 25, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$221,588
Expenses
$1,758,771
Net Income
-$1,537,183
Net Assets
$13,498,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $136,419
61.6%
Dividends $328,212
> 100%
Sales of Assets -$249,893
Other Income $6,850
3.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,644,267
93.5%
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 $13,498,615
Total Liabilities $0
Net Assets $13,498,615
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on July 17, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$394,286
Expenses
$1,132,745
Net Income
-$738,459
Net Assets
$15,022,841
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,500
2.2%
Interest Revenue $77,695
19.7%
Dividends $330,828
83.9%
Sales of Assets -$32,677
Other Income $9,940
2.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,059,592
93.5%
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 $15,022,841
Total Liabilities $0
Net Assets $15,022,841
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on May 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$833,674
Expenses
$889,310
Net Income
-$55,636
Net Assets
$15,761,300
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,200
1.0%
Interest Revenue $74,416
8.9%
Dividends $347,236
41.7%
Sales of Assets $393,935
47.3%
Other Income $9,887
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $788,200
88.6%
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 $15,761,300
Total Liabilities $0
Net Assets $15,761,300
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on April 4, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,081,574
Expenses
$1,170,344
Net Income
-$88,770
Net Assets
$15,816,935
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,500
0.8%
Interest Revenue $98,394
9.1%
Dividends $317,528
29.4%
Sales of Assets $650,100
60.1%
Other Income $7,052
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,058,500
90.4%
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 $15,816,936
Total Liabilities $1
Net Assets $15,816,935
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 26, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$601,972
Expenses
$1,363,915
Net Income
-$761,943
Net Assets
$15,905,705
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,500
1.1%
Interest Revenue $114,558
19.0%
Dividends $430,306
71.5%
Sales of Assets $50,383
8.4%
Other Income $225
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,282,250
94.0%
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 $15,905,706
Total Liabilities $1
Net Assets $15,905,705
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 4, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$643,690
Expenses
$1,038,982
Net Income
-$395,292
Net Assets
$16,667,648
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,700
1.2%
Interest Revenue $93,875
14.6%
Dividends $402,943
62.6%
Sales of Assets $138,988
21.6%
Other Income $184
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $955,200
91.9%
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 $16,667,648
Total Liabilities $0
Net Assets $16,667,648
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on May 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$821,889
Expenses
$1,132,001
Net Income
-$310,112
Net Assets
$17,062,940
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,200
0.8%
Interest Revenue $93,574
11.4%
Dividends $403,319
49.1%
Sales of Assets $318,530
38.8%
Other Income $266
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,054,200
93.1%
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 $17,062,940
Total Liabilities $0
Net Assets $17,062,940
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on May 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$418,811
Expenses
$616,888
Net Income
-$198,077
Net Assets
$17,373,052
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,600
1.6%
Interest Revenue $87,302
20.8%
Dividends $388,281
92.7%
Sales of Assets -$63,570
Other Income $198
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $539,600
87.5%
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 $17,373,052
Total Liabilities $0
Net Assets $17,373,052
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,065,200
Expenses
$1,452,520
Net Income
$16,612,680
Net Assets
$17,426,876
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,803,051
59.8%
Interest Revenue $0
Dividends $247,445
1.4%
Sales of Assets $7,014,642
38.8%
Other Income $62
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,304,500
89.8%
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 $17,426,876
Total Liabilities $0
Net Assets $17,426,876
Compensation
Key Employees and Officers Compensation Other
H Lawrence Culp Jr (President) $0 $0
Wendy H Culp (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,847,683
Expenses
$1,414,406
Net Income
$1,433,277
Net Assets
$6,911,347
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,506,293
88.0%
Interest Revenue $0
Dividends $182,425
6.4%
Sales of Assets $158,960
5.6%
Other Income $5
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,341,005
94.8%
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 $6,911,347
Total Liabilities $0
Net Assets $6,911,347

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,752,551
Expenses
$141,035
Net Income
$3,611,516
Net Assets
$6,206,311
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,521,864
40.6%
Interest Revenue $0
Dividends $95,035
2.5%
Sales of Assets $2,135,652
56.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $99,029
70.2%
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 $6,206,311
Total Liabilities $0
Net Assets $6,206,311

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,994,650
Expenses
$0
Net Income
$4,994,650
Net Assets
$1,645,974
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,994,650
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $1,645,974
Total Liabilities $0
Net Assets $1,645,974

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is 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.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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