The Daphne Seybolt Culpeper Memorial Foundation Inc
The Daphne Seybolt Culpeper Memorial Foundation: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222478755 · Norwalk, CT · Updated: 2026-04-04
Is The Daphne Seybolt Culpeper Memorial Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Daphne Seybolt Culpeper Memorial Foundation Inc
The Daphne Seybolt Culpeper Memorial Foundation Inc (EIN: 222478755) is a nonprofit organization based in Norwalk, CT. The organization reported total revenue of $1.7M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Daphne Seybolt Culpeper Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Daphne Seybolt Culpeper Memorial Foundation Inc is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-884,279 |
| Total Assets | $14.4M |
| Total Liabilities | $39K |
| Net Assets | $14.4M |
| Operating Margin | -657.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 169.9 months |
Financial Health Grade: B
In 2023, The Daphne Seybolt Culpeper Memorial Foundation Inc reported a deficit of $884K with expenses exceeding revenue, holds 169.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Daphne Seybolt Culpeper Memorial Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.4% | -12.8% | -6.0% |
| 2022 | -24.1% | +10.9% | +33.8% |
| 2021 | +1347.7% | -2.5% | +107.8% |
| 2020 | -49.9% | -25.9% | -10.0% |
| 2019 | +6.8% | +18.9% | -34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Daphne Seybolt Culpeper Memorial Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Daphne Seybolt Culpeper Memorial Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $884K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The foundation reports $0 in compensation for all officers, directors, trustees, and key employees in its 2023 filing, which is unusual for an organization with over $13 million in assets and significant expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Daphne Seybolt Culpeper Memorial Foundation Inc's IRS 990 filings:
- Zero reported program service expenses in 2023, despite over $1.3 million in total expenses.
- Significant decline in revenue from $5.2 million in 2022 to $1.7 million in 2023.
- High administrative overhead, with 100% of functional expenses categorized as management and general.
- Lack of clarity on how the foundation fulfills its mission without direct program spending.
Strengths
The following positive indicators were identified for The Daphne Seybolt Culpeper Memorial Foundation Inc:
- Substantial asset base of $13.7 million provides long-term financial stability.
- Consistently low liabilities, indicating strong financial health.
- History of significant revenue in prior years (e.g., $6.8 million in 2021).
Frequently Asked Questions about The Daphne Seybolt Culpeper Memorial Foundation Inc
Is The Daphne Seybolt Culpeper Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Daphne Seybolt Culpeper Memorial Foundation Inc (EIN: 222478755) some concerns. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
How does The Daphne Seybolt Culpeper Memorial Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for The Daphne Seybolt Culpeper Memorial Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to The Daphne Seybolt Culpeper Memorial Foundation Inc tax-deductible?
The Daphne Seybolt Culpeper Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222478755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Daphne Seybolt Culpeper Memorial Foundation Inc do?
The Daphne Seybolt Culpeper Memorial Foundation Inc is a nonprofit organization in the Unknown sector, located in Norwalk, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Daphne Seybolt Culpeper Memorial Foundation Inc have?
The Daphne Seybolt Culpeper Memorial Foundation Inc reported total revenue of $1,732,519. Based on 10 IRS 990 filings on record.
What are The Daphne Seybolt Culpeper Memorial Foundation Inc's total assets?
The Daphne Seybolt Culpeper Memorial Foundation Inc holds total assets of $13,769,951 as reported in IRS 990 filings.
Where is The Daphne Seybolt Culpeper Memorial Foundation Inc located?
The Daphne Seybolt Culpeper Memorial Foundation Inc is based in Norwalk, Connecticut.
What is The Daphne Seybolt Culpeper Memorial Foundation Inc's EIN?
The Daphne Seybolt Culpeper Memorial Foundation Inc's Employer Identification Number (EIN) is 222478755. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Daphne Seybolt Culpeper Memorial Foundation Inc?
The Daphne Seybolt Culpeper Memorial Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Daphne Seybolt Culpeper Memorial Foundation Inc a registered 501(c)(3)?
The Daphne Seybolt Culpeper Memorial Foundation Inc appears in IRS records (EIN: 222478755). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Daphne Seybolt Culpeper Memorial Foundation Inc file IRS Form 990?
Yes, The Daphne Seybolt Culpeper Memorial Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Daphne Seybolt Culpeper Memorial Foundation Inc's revenue in 2023?
In the 202312 filing period, The Daphne Seybolt Culpeper Memorial Foundation Inc reported total revenue of $134,420, total expenses of $1,018,699, and net assets of $14,421,321.
Is The Daphne Seybolt Culpeper Memorial Foundation Inc's revenue growing or declining?
The Daphne Seybolt Culpeper Memorial Foundation Inc's revenue is declining. Revenue went from $5,205,447 (202212) to $134,420 (202312), a -97.4% change. Based on 10 filings on record.
What is The Daphne Seybolt Culpeper Memorial Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Daphne Seybolt Culpeper Memorial Foundation Inc covers tax period 202312. It shows revenue of $134,420, expenses of $1,018,699, total assets of $14,421,321, and liabilities of $38,796.
Is The Daphne Seybolt Culpeper Memorial Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Daphne Seybolt Culpeper Memorial Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for The Daphne Seybolt Culpeper Memorial Foundation Inc?
The following concerns were identified: Zero reported program service expenses in 2023, despite over $1.3 million in total expenses.. Significant decline in revenue from $5.2 million in 2022 to $1.7 million in 2023.. High administrative overhead, with 100% of functional expenses categorized as management and general.. Lack of clarity on how the foundation fulfills its mission without direct program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Daphne Seybolt Culpeper Memorial Foundation Inc's strengths?
Positive indicators for The Daphne Seybolt Culpeper Memorial Foundation Inc include: Substantial asset base of $13.7 million provides long-term financial stability.. Consistently low liabilities, indicating strong financial health.. History of significant revenue in prior years (e.g., $6.8 million in 2021).. These findings are derived from AI analysis of the organization's financial filings.
How does The Daphne Seybolt Culpeper Memorial Foundation Inc compensate executives?
The foundation reports $0 in compensation for all officers, directors, trustees, and key employees in its 2023 filing, which is unusual for an organization with over $13 million in assets and significant expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the foundation's substantial assets and mission, how does it achieve its charitable purpose without any reported program service expenses?
The 2023 filing indicates that all functional expenses ($1,018,699) were allocated to management and general, with $0 reported for program services. This suggests the foundation may operate as a grant-making entity without direct program implementation, or its charitable activities are not categorized as 'program services' in the traditional sense on the 990-PF.
What is the nature of the 'other expenses' totaling $1,018,699 in 2023, and why are they all classified as administrative?
The Form 990-PF for 2023 shows $1,018,699 in 'other expenses' under Part IX-A, Line 25, which are then fully allocated to management and general expenses. Without further detail in the filing's schedules, it's difficult to ascertain the exact nature of these expenses, but their classification implies they are not directly related to program delivery.
Filing History
IRS 990 filing history for The Daphne Seybolt Culpeper Memorial Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Daphne Seybolt Culpeper Memorial Foundation Inc's revenue has declined by 96.5%, moving from $3.9M to $134K. Total assets increased by 38.9% over the same period, from $10.4M to $14.4M. Total functional expenses fell by 21.8%, from $1.3M to $1.0M. In its most recent filing year (2023), The Daphne Seybolt Culpeper Memorial Foundation Inc reported a deficit of $884K, with expenses exceeding revenue. The organization holds $39K in liabilities against $14.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $14.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $1.0M | $14.4M | $39K | — | — |
| 2022 | $5.2M | $1.2M | $15.3M | $8K | — | View 990 |
| 2021 | $6.9M | $1.1M | $11.5M | $5K | — | View 990 |
| 2020 | $474K | $1.1M | $5.5M | $6K | — | View 990 |
| 2019 | $947K | $1.5M | $6.1M | $672 | — | View 990 |
| 2015 | $886K | $1.2M | $9.4M | $145 | — | View 990 |
| 2014 | $1.3M | $1.4M | $9.7M | $13K | — | View 990 |
| 2013 | $790K | $1.4M | $9.8M | $0 | — | View 990 |
| 2012 | $1.4M | $1.4M | $10.4M | $3K | — | View 990 |
| 2011 | $3.9M | $1.3M | $10.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $1.0M, and assets of $14.4M (revenue -97.4% year-over-year).
- 2022: Revenue of $5.2M, expenses of $1.2M, and assets of $15.3M (revenue -24.1% year-over-year).
- 2021: Revenue of $6.9M, expenses of $1.1M, and assets of $11.5M (revenue +1347.7% year-over-year).
- 2020: Revenue of $474K, expenses of $1.1M, and assets of $5.5M (revenue -49.9% year-over-year).
- 2019: Revenue of $947K, expenses of $1.5M, and assets of $6.1M (revenue +6.8% year-over-year).
- 2015: Revenue of $886K, expenses of $1.2M, and assets of $9.4M (revenue -31.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $9.7M (revenue +64.2% year-over-year).
- 2013: Revenue of $790K, expenses of $1.4M, and assets of $9.8M (revenue -44.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $10.4M (revenue -63.4% year-over-year).
- 2011: Revenue of $3.9M, expenses of $1.3M, and assets of $10.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Daphne Seybolt Culpeper Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for The Daphne Seybolt Culpeper Memorial Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.