Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE CULVER FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)370 INTERLOCKEN BOULEVARD 290
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOMFIELD, CO800218008
A Employer identification number

35-2163997
B Telephone number (see instructions)

(303) 442-3670
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$271,410J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 30,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 75 75  
4 Dividends and interest from securities... 7,138 7,138  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -9,553
b Gross sales price for all assets on line 6a 485,140
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 28,160 7,213  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,089 209   1,880
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
404 404   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3 3   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
514 51   463
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,010 667   2,343
25 Contributions, gifts, grants paid....... 3,000 3,000
26 Total expenses and disbursements. Add lines 24 and 25 6,010 667   5,343
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 22,150
b Net investment income (if negative, enter -0-) 6,546
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........   4,414 4,414
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 228,607 Click to see attachment
List of Attached Documents:
// Content
266,996 		266,996
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 228,607 271,410 271,410
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 228,607 271,410
29 Total net assets or fund balances (see instructions)..... 228,607 271,410
30 Total liabilities and net assets/fund balances (see instructions). 228,607 271,410
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
228,607
2
Enter amount from Part I, line 27a .....................
2
22,150
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
20,653
4
Add lines 1, 2, and 3 ..........................
4
271,410
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
271,410
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 43 SHS AMN HEALTHCARE SERVICES INC P 2022-12-29 2023-06-30
b 26 SHS AT&T INC P 2022-12-19 2023-04-20
c 16 SHS ABBVIE INC P 2023-02-09 2023-05-18
d 2 SHS ALBEMARLE CORP P 2023-01-09 2023-02-03
e 27 SHS ALBERTSONS COMPANIES INC P 2022-12-23 2023-06-30
4 SHS ALIBABA GROUP HOLDING LTD P 2023-02-23 2023-07-18
13 SHS ALPHABET INC P 2022-06-30 2023-02-03
6 SHS AMAZON.COM INC P 2022-06-30 2023-01-09
5 SHS AMERICAN FINANCIAL GROUP INC P 2022-06-30 2023-04-20
61 SHS AMERICAN INTL GROUP INC P 2023-02-10 2023-06-30
6 SHS AMGEN INC P 2023-01-01 2023-08-01
312 SHS APOLLO COMMERCIAL REAL ESTATE FINANCE INC P 2022-12-19 2023-06-30
8 SHS ARCHER-DANIELS-MIDLAND CO P 2023-01-17 2023-02-03
174 SHS AVANGRID INC P 2023-02-03 2023-03-07
6 SHS AXOS FINANCIAL INC P 2023-03-15 2023-05-04
90 SHS BANK OF AMERICA CORP P 2022-12-19 2023-06-30
8 SHS BANK OF HAWAII CORP P 2023-03-14 2023-05-03
31 SHS W.R. BERKLEY CORP P 2023-01-01 2023-07-11
67 SHS BRISTOL-MYERS SQUIBB CO P 2023-01-01 2023-05-23
17 SHS CF INDUSTRIES HOLDINGS INC P 2023-01-01 2023-06-30
50 SHS CH ROBINSON WORLDWIDE INC P 2022-10-14 2023-06-30
76 SHS CVS HEALTH CORPORATION P 2023-02-03 2023-06-30
25 SHS COTERRA ENERGY INC P 2022-12-13 2023-02-03
89 SHS CADENCE BANK P 2022-12-29 2023-06-30
4 SHS CARLISLE COS INC P 2022-10-04 2023-01-04
12 SHS CHARTER COMMUNICATIONS INC P 2022-12-29 2023-06-30
1 SHS CHIPOTLE MEXICAN GRILL INC P 2022-07-14 2023-02-08
52 SHS CISCO SYSTEMS INC P 2022-06-30 2023-01-04
13 SHS CIVITAS RESOURCES INC P 2022-12-21 2023-06-30
89 SHS COMCAST CORP P 2022-06-30 2023-02-03
37 SHS CONOCOPHILLIPS P 2022-12-21 2023-06-30
10 SHS CONSOL ENERGY INC P 2023-03-14 2023-05-04
42 SHS CORCEPT THERAPEUTICS INC P 2022-12-29 2023-02-03
220 SHS CORNING INC P 2022-12-19 2023-06-30
11 SHS CROWN CASTLE INC P 2023-01-01 2023-06-15
4 SHS CULLEN FROST BANKERS INC P 2022-12-21 2023-06-30
20 SHS DARLING INGREDIENTS INC P 2022-12-12 2023-02-03
85 SHS DEVON ENERGY CORP P 2023-01-01 2023-06-30
22 SHS DIAMONDBACK ENERGY INC P 2022-12-13 2023-06-30
27 SHS DIGITAL REALTY TRUST INC P 2022-05-17 2023-06-30
39 SHS WALT DISNEY COMPANY P 2022-06-30 2023-02-06
41 SHS DOMINION ENERGY INC P 2023-01-01 2023-07-11
34 SHS EOG RESOURCES INC P 2022-12-21 2023-06-30
38 SHS LHA MARKET STATE ALPHA SEEKER ETF P 2022-12-19 2023-01-04
22 SHS EASTERN BANKSHARES INC P 2023-03-15 2023-05-04
15 SHS EMERSON ELECTRIC CO P 2023-02-03 2023-05-05
8 SHS META PLATFORMS INC P 2023-02-03 2023-06-30
16 SHS FEDEX CORP P 2022-09-12 2023-02-03
560 SHS FORD MOTOR CO P 2023-01-01 2023-05-04
32 SHS GLOBAL PAYMENTS INC P 2022-12-13 2023-06-30
57 SHS HF SINCLAIR CORP P 2022-12-23 2023-06-30
36 SHS HARLEY-DAVIDSON INC P 2023-01-09 2023-06-30
185 SHS HERITAGE COMMERCE CORP P 2023-05-31 2023-06-30
437 SHS HUNTINGTON BANCSHARES INC P 2022-12-29 2023-06-30
13 SHS INTERCONTINENTAL EXCHANGE INC P 2023-03-13 2023-04-20
22 SHS IBM CORPORATION P 2022-06-30 2023-06-15
80 SHS INTERNATIONAL PAPER CO P 2022-12-19 2023-06-30
50 SHS ISHARES 20+ YEAR TREASURY BOND ETF P 2023-02-03 2023-06-30
203 SHS ISHARES SHORT TREASURY BOND ETF P 2023-01-01 2023-06-30
7 SHS JOHNSON & JOHNSON P 2022-08-17 2023-06-30
41 SHS KROGER CO P 2022-06-30 2023-01-04
9 SHS LIBERTY BROADBAND CORP P 2022-12-29 2023-06-30
11 SHS M&T BANK CORP P 2022-12-27 2023-06-03
6 SHS MDC HOLDINGS INC P 2023-02-03 2023-02-16
81 SHS MARATHON OIL CORP P 2022-12-21 2023-06-30
13 SHS MATADOR RESOURCES CO P 2022-12-21 2023-06-30
64 SHS PEDIATRIX MEDICAL GROUP INC P 2023-02-09 2023-06-30
25 SHS MERCK & CO INC P 2023-02-09 2023-05-12
37 SHS NRG ENERGY INC P 2023-01-04 2023-05-09
25 SHS NETAPP INC P 2022-12-29 2023-06-30
20 SHS NETSCOUT SYSTEMS INC P 2023-01-17 2023-02-03
12 SHS NORFOLK SOUTHERN CORP P 2022-06-30 2023-05-04
19 SHS NUCOR CORP P 2022-06-30 2023-02-06
8 SHS NVIDIA CORP P 2022-06-30 2023-02-21
27 SHS ON SEMICONDUCTOR CORP P 2022-11-10 2023-06-30
11 SHS PDC ENERGY INC P 2022-12-21 2023-02-03
26 SHS PNC FINANCIAL SERVICES GROUP INC P 2023-01-01 2023-08-04
76 SHS PACWEST BANCORP P 2022-06-30 2023-02-09
30 SHS PFIZER INC P 2022-06-30 2023-05-09
509 SHS CONQUER RISK DEFENSIVE BULL FUND P 2022-12-19 2023-01-04
21 SHS CONQUER RISK TACTICAL OPPORT FUND P 2022-12-19 2023-03-15
114 SHS CONQUER RISK TACTICAL ROTATION FUND P 2022-12-19 2023-06-30
154 SHS CONQUER RISK MNGD VOLATILITY FUND P 2022-12-19 2023-06-30
203 SHS PHYSICIANS REALTY TRUST P 2022-12-19 2023-06-30
4 SHS PIONEER NATURAL RESOURCES CO P 2023-03-02 2023-08-09
5 SHS T ROWE PRICE GROUP INC P 2022-06-30 2023-04-20
1,319 SHS PROSHARES TRUST SHORT S&P 500 ETF P 2022-06-30 2023-06-30
100 SHS PROSHARES TRUST ULTRASHORT S&P 500 ETF P 2022-06-30 2023-05-12
19 SHS QUALCOMM INC P 2022-11-10 2023-05-22
15 SHS RTX CORP P 2023-02-03 2023-06-30
12 SHS RIO TINTO LTD P 2023-02-03 2023-02-16
24 SHS SPDR S&P 500 ETF TRUST P 2023-02-23 2023-06-30
5 SHS SVB FINANCIAL GROUP P 2022-06-30 2023-02-03
109 SHS SABRA HEALTH CARE REIT INC P 2022-12-19 2023-06-15
4 SHS SALESFORCE INC P 2022-08-31 2023-02-06
18 SHS SEACOAST BANKING CORP OF FLORIDA P 2023-05-31 2023-08-07
31 SHS SKYWORKS SOLUTIONS INC P 2022-06-30 2023-02-08
6 SHS SOUTHWEST AIRLINES CO P 2022-10-04 2023-04-19
3 SHS STANLEY BLACK & DECKER INC P 2023-02-03 2023-05-04
8 SHS TARGET CORP P 2022-12-19 2023-06-30
5 SHS TESLA INC P 2022-06-30 2023-05-05
4 SHS TOLL BROTHERS INC P 2023-02-03 2023-02-16
106 SHS TYSON FOODS INC P 2022-06-30 2023-05-31
6 SHS UMB FINANCIAL CORP P 2023-03-14 2023-05-03
4 SHS ULTA BEAUTY INC P 2022-11-04 2023-06-30
3 SHS UNITEDHEALTH GROUP INC P 2023-01-13 2023-06-30
9 SHS VF CORP P 2023-05-05 2023-05-31
14 SHS VANGUARD S&P 500 ETF P 2022-06-30 2023-02-14
215 SHS VERIZON COMMUNICATIONS INC P 2022-06-30 2023-04-27
35 SHS PARAMOUNT GLOBAL P 2022-06-30 2023-05-31
6 SHS VISA INC P 2022-06-30 2023-02-03
13 SHS WEBSTER FINANCIAL CORP P 2022-12-27 2023-06-30
9 SHS WELLTOWER INC P 2022-08-31 2023-03-21
104 SHS YELP INC P 2022-12-27 2023-06-30
10 SHS ZOOM VIDEO COMMUNICATIONS INC P 2023-02-27 2023-03-03
51 SHS BUNGE GLOBAL SA P 2022-06-30 2023-06-06
18 SHS MEDTRONIC PLC P 2022-06-30 2023-02-03
51 SHS AT&T INC P 2021-10-25 2023-04-20
3 SHS BRISTOL-MYERS SQUIBB CO P 2021-10-25 2023-05-23
12 SHS CH ROBINSON WORLDWIDE INC P 2022-06-30 2023-06-30
37 SHS CROWN CASTLE INC P 2022-06-30 2023-06-30
156 SHS EASTERLY GOVERNMENT PROP INC P 2021-06-30 2023-06-30
5 SHS HOME DEPOT INC P 2021-06-30 2023-06-30
5 SHS IBM CORPORATION P 2023-05-18 2023-06-15
13 SHS IRON MOUNTAIN INC P 2021-10-19 2023-01-04
19 SHS JOHNSON & JOHNSON P 2021-06-30 2023-01-04
7 SHS MICROSOFT CORP P 2021-06-30 2023-06-30
9 SHS NVIDIA CORP P 2021-06-30 2023-06-30
62 SHS PACWEST BANCORP P 2021-06-30 2023-06-30
10 SHS PALO ALTO NETWORKS INC P 2021-11-29 2023-02-21
14 SHS PFIZER INC P 2022-02-04 2023-05-09
6 SHS SALESFORCE INC P 2021-06-30 2023-02-06
7 SHS CHARLES SCHWAB CORP P 2021-11-29 2023-01-04
36 SHS SOUTHWEST AIRLINES CO P 2021-06-30 2023-06-30
5 SHS TYSON FOODS INC P 2023-02-03 2023-05-31
2 SHS VISA INC P 2021-10-25 2023-01-04
31 SHS WELLTOWER INC P 2021-10-25 2023-06-30
25 SHS BUNGE GLOBAL SA P 2021-06-30 2023-06-30
83 SHS BARCLAYS BANK 1:4 REVERSE SPLIT P 2022-12-19 2023-06-30
146 SHS BARCLAYS BANK IPATH SER B S&P 500 P 2021-06-30 2023-06-30
3 SHS ISHARES GOLD TRUST ETF P 2023-05-05 2023-05-31
45 SHS PROSHARES VIX SHORT TERM FUTURES ETF P 2023-02-03 2023-02-22
81 SHS PROSHARES VIX SHORT TERM FUTURES ETF P 2023-08-02 2023-08-08
258 SHS PROSHARES TRUST II 1:5 REVERSE SPLIT P 2023-01-01 2023-03-03
52 SHS TEUCRIUM WHEAT ETF P 2023-07-18 2023-08-08
331 SHS VS 1X SHORT VIX FUTURES ETF P 2021-06-30 2023-06-30
6 SHS ACADEMY SPORTS AND OUTDOORS INC P 2023-09-21 2023-11-20
12 SHS ALIBABA GROUP HOLDING LTD P 2023-03-19 2023-11-20
3 SHS ANALOG DEVICES INC P 2023-05-10 2023-12-28
18 SHS ARDMORE SHIPPING CO P 2023-08-08 2023-11-20
6 SHS AVANGRID INC P 2023-02-03 2023-12-15
7 SHS AXOS FINANCIAL INC P 2023-10-13 2023-11-20
77 SHS BARCLAYS BANK IPATH SER B S&P 500 P 2023-10-19 2023-10-31
5 SHS BORG WARNER INC P 2023-07-11 2023-11-20
25 SHS CAL MAINE FOODS INC P 2023-10-30 2023-11-20
4 SHS CF INDUSTRIES HOLDINGS INC P 2023-03-14 2023-11-20
37 SHS CHARLES SCHWAB CORP P 2023-07-11 2023-11-17
56 SHS CHICOS FAS INC P 2023-09-13 2023-09-28
6 SHS COMMERCIAL METALS CO P 2023-10-24 2023-11-20
3 SHS CONCENTRIX CORP P 2023-08-08 2023-11-20
122 SHS CONQUER RISK TACTICAL OPPORT FUND P 2022-12-19 2023-10-16
12 SHS CVS HEALTH CORP P 2023-03-03 2023-10-13
218 SHS DIREXION DAILY S&P 500 ETF P 2023-11-16 2023-11-20
23 SHS EAGLE PHARMACEUTICALS INC P 2023-08-14 2023-11-09
2 SHS ETSY INC P 2023-05-31 2023-11-20
8 SHS FEDERATED HERMES INC P 2023-10-24 2023-11-20
3 SHS FIRST SOLAR INC P 2023-12-15 2023-12-28
11 SHS FRANKLIN RESOURCES INC P 2023-10-30 2023-11-20
35 SHS GENERAL MOTORS CO P 2023-07-06 2023-11-20
80 SHS GOLDMAN SACHS ACCESS TREAS 0-1 YR ETF P 2023-09-06 2023-11-20
74 SHS GRANITE RIDGE RESOURCES INC P 2023-09-22 2023-11-20
148 SHS HARLEY-DAVIDSON INC P 2023-07-12 2023-10-27
29 SHS HERITAGE COMMERCE CORP P 2023-05-29 2023-11-20
5 SHS HIBBETT SPORTS INC P 2023-08-24 2023-11-20
14 SHS HIGHPEAK ENERGY INC P 2023-11-07 2023-11-20
18 SHS INTERPUBLIC GROUP COS P 2023-10-30 2023-11-20
76 SHS IRON MOUNTAIN INC P 2023-06-15 2023-11-14
2 SHS ISHARES RUSSELL 2000 ETF P 2023-11-20 2023-12-28
147 SHS ISHARES SHORT TREASURY BOND ETF P 2023-06-30 2023-12-15
83 SHS ISHARES 20+ YEAR TREASURY BOND ETF P 2023-10-13 2023-10-19
11 SHS KEYSIGHT TECHNOLOGIES INC P 2023-05-18 2023-11-07
55 SHS KROGER CO P 2023-04-21 2023-11-14
23 SHS LSB INDUSTRIES INC P 2023-08-08 2023-11-20
120 SHS LHA MARKET STATE ALPHA SEEKER ETF P 2022-12-19 2023-11-20
27 SHS MATCH GROUP INC P 2023-11-07 2023-11-20
7 SHS MOVADO GROUP INC P 2023-08-24 2023-11-20
21 SHS NEXSTAR MEDIA GROUP INC P 2023-06-15 2023-11-17
13 SHS NUTRIEN LTD P 2023-02-27 2023-11-20
6 SHS PACKAGING CORP OF AMERICA P 2023-03-20 2023-11-17
22 SHS PAGSEGURO DIGITAL LTD P 2023-08-25 2023-11-20
8 SHS PEABODY ENERGY CORP P 2023-11-14 2023-11-20
19 SHS PEDIATRIX MEDICAL GROUP INC P 2023-09-07 2023-11-20
1,210 SHS PROSHARES SHORT S&P 500 ETF P 2023-10-17 2023-11-01
80 SHS PROSHARES ULTRASHORT S&P 500 ETF P 2023-11-03 2023-11-13
77 SHS PROSHARES VIX SHORT TERM FUTURES ETF P 2023-10-03 2023-10-10
17 SHS QUALCOMM INC P 2023-03-16 2023-12-15
24 SHS RAMACO RESOURCES INC P 2023-11-09 2023-11-20
5 SHS RTX CORP P 2023-09-14 2023-11-20
9 SHS SOUTHWEST AIRLINES CO P 2023-09-22 2023-11-20
8 SHS SPDR S&P 500 ETF P 2023-09-06 2023-09-14
5 SHS SYLVAMO CORP P 2023-08-16 2023-11-20
9 SHS TAPESTRY INC P 2023-09-21 2023-11-20
31 SHS TEGNA INC P 2023-09-07 2023-10-13
17 SHS TEUCRIUM CORN ETF P 2023-09-13 2023-11-20
14 SHS TEXAS INSTRUMENTS INC P 2023-11-20 2023-12-15
7 SHS THE MOSAIC CO P 2023-08-07 2023-11-20
7 SHS ULTA BEAUTY INC P 2023-06-15 2023-11-17
51 SHS VAALCO ENERGY INC P 2023-08-30 2023-11-20
1 SHS VIRTUS INVESTMENT PARTNERS INC P 2023-10-24 2023-11-20
9 SHS WABASH NATIONAL CORP P 2023-11-10 2023-11-20
271 SHS 1X SHORT VIX FUTURES ETF P 2023-11-13 2023-11-20
105 SHS ISHARES GOLD ETF P 2023-10-30 2023-11-20
46 SHS TEUCRIUM CORN ETF P 2023-08-25 2023-11-20
108 SHS TEUCRIUM WHEAT ETF P 2023-07-18 2023-11-20
60 SHS 1X SHORT VIX FUTURES ETF P 2023-08-17 2023-09-13
22 SHS AVANGRID INC P 2022-07-06 2023-12-15
5 SHS CARLISLE CO P 2022-11-10 2023-12-20
16 SHS CHARLES SCHWAB CORP P 2021-11-29 2023-11-17
30 SHS CONQUER RISK DEFENSIVE BULL FUND P 2022-12-19 2023-12-28
7 SHS ELECTRONIC ARTS INC P 2022-10-04 2023-11-17
3 SHS HOME DEPOT INC P 2022-02-24 2023-12-28
4 SHS IRON MOUNTAIN INC P 2021-10-19 2023-11-14
51 SHS KROGER CO P 2022-10-25 2023-11-14
4 SHS NVIDIA CORP P 2022-09-21 2023-11-17
18 SHS PFIZER INC P 2022-09-04 2023-11-20
4 SHS QUALCOMM INC P 2022-11-10 2023-12-15
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,422   4,447 -25
b 464   462 2
c 2,280   2,403 -123
d 576   453 123
e 572   571 1
362   375 -13
1,364   1,304 60
526   733 -207
612   600 12
3,565   3,462 103
1,387   1,533 -146
3,114   3,447 -333
659   712 -53
7,477   7,412 65
218   220 -2
2,768   2,871 -103
368   397 -29
1,854   2,045 -191
4,429   4,830 -401
1,271   1,435 -164
4,705   4,732 -27
5,171   6,253 -1,082
608   630 -22
2,084   2,208 -124
948   1,188 -240
4,256   4,105 151
1,639   1,255 384
2,498   2,517 -19
802   748 54
3,502   2,938 564
4,148   4,234 -86
614   559 55
979   859 120
7,089   7,111 -22
1,277   1,464 -187
516   524 -8
1,327   1,246 81
4,575   5,215 -640
3,194   2,965 229
2,820   3,439 -619
3,937   3,810 127
2,119   2,420 -301
4,329   4,289 40
939   942 -3
220   268 -48
1,261   1,365 -104
1,483   1,518 -35
3,348   3,431 -83
6,537   6,604 -67
3,344   3,092 252
2,841   2,882 -41
1,805   1,585 220
1,438   1,431 7
4,572   5,713 -1,141
1,402   1,273 129
2,994   2,891 103
3,089   2,788 301
5,241   5,289 -48
22,367   22,329 38
1,173   1,188 -15
1,862   1,859 3
802   687 115
1,671   1,600 71
229   243 -14
2,126   2,237 -111
775   744 31
959   941 18
2,927   2,682 245
1,164   1,188 -24
1,658   1,564 94
634   628 6
2,437   2,521 -84
3,085   2,547 538
1,685   1,274 411
1,982   1,842 140
686   710 -24
3,470   3,604 -134
2,171   1,856 315
1,155   1,155 0
5,777   5,782 -5
141   141 0
1,126   1,117 9
1,505   1,627 -122
2,962   2,914 48
946   833 113
558   536 22
19,796   20,038 -242
4,002   4,186 -184
1,989   2,215 -226
1,462   1,458 4
901   899 2
9,995   9,927 68
1,619   2,036 -417
1,287   1,294 -7
678   639 39
380   403 -23
3,745   3,082 663
193   196 -3
257   280 -23
1,326   1,151 175
840   877 -37
235   243 -8
6,328   7,917 -1,589
345   380 -35
1,997   1,721 276
1,482   1,515 -33
156   197 -41
5,329   5,259 70
8,701   8,696 5
605   784 -179
1,361   1,140 221
683   609 74
627   690 -63
3,256   2,888 368
711   737 -26
4,914   5,002 -88
1,559   1,542 17
910   996 -86
198   173 25
1,109   1,139 -30
4,658   5,991 -1,333
2,225   2,972 -747
1,572   1,767 -195
691   669 22
663   589 74
3,420   2,884 536
1,924   2,116 -192
1,385   1,572 -187
1,627   2,161 -534
1,680   1,834 -154
539   539 0
1,023   1,434 -411
584   563 21
1,187   1,707 -520
253   442 -189
424   469 -45
2,154   2,502 -348
2,365   2,625 -260
979   1,225 -246
4,466   5,121 -655
112   115 -3
2,818   2,914 -96
2,167   2,060 107
2,299   2,565 -266
345   347 -2
9,149   9,012 137
291   287 4
991   1,034 -43
603   541 62
240   244 -4
196   196 0
275   247 28
1,885   1,879 6
173   173 0
1,204   1,143 61
317   302 15
2,087   2,137 -50
419   252 167
272   242 30
274   232 42
1,164   1,033 131
856   1,001 -145
2,944   3,002 -58
225   464 -239
144   161 -17
257   249 8
517   501 16
266   248 18
992   992 0
8,001   7,979 22
459   490 -31
3,988   5,055 -1,067
254   233 21
265   185 80
226   221 5
532   509 23
4,685   4,163 522
407   358 49
16,219   16,204 15
6,881   8,214 -1,333
1,373   1,717 -344
2,457   2,547 -90
196   245 -49
2,890   2,975 -85
882   1,009 -127
201   189 12
3,153   3,471 -318
733   1,031 -298
935   799 136
202   201 1
187   183 4
174   244 -70
17,450   17,236 214
2,814   2,874 -60
1,806   1,924 -118
2,424   2,007 417
401   375 26
398   376 22
223   252 -29
3,599   3,563 36
236   193 43
275   265 10
437   472 -35
374   377 -3
2,379   2,277 102
253   294 -41
2,860   3,384 -524
236   202 34
198   171 27
196   187 9
8,352   8,016 336
3,918   3,812 106
1,012   1,104 -92
602   721 -119
1,948   2,083 -135
719   719 0
1,577   1,185 392
903   1,286 -383
373   341 32
935   844 91
1,042   998 44
247   181 66
2,278   2,306 -28
1,976   535 1,441
539   539 0
570   466 104
41     41
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -25
b       2
c       -123
d       123
e       1
      -13
      60
      -207
      12
      103
      -146
      -333
      -53
      65
      -2
      -103
      -29
      -191
      -401
      -164
      -27
      -1,082
      -22
      -124
      -240
      151
      384
      -19
      54
      564
      -86
      55
      120
      -22
      -187
      -8
      81
      -640
      229
      -619
      127
      -301
      40
      -3
      -48
      -104
      -35
      -83
      -67
      252
      -41
      220
      7
      -1,141
      129
      103
      301
      -48
      38
      -15
      3
      115
      71
      -14
      -111
      31
      18
      245
      -24
      94
      6
      -84
      538
      411
      140
      -24
      -134
      315
      0
      -5
      0
      9
      -122
      48
      113
      22
      -242
      -184
      -226
      4
      2
      68
      -417
      -7
      39
      -23
      663
      -3
      -23
      175
      -37
      -8
      -1,589
      -35
      276
      -33
      -41
      70
      5
      -179
      221
      74
      -63
      368
      -26
      -88
      17
      -86
      25
      -30
      -1,333
      -747
      -195
      22
      74
      536
      -192
      -187
      -534
      -154
      0
      -411
      21
      -520
      -189
      -45
      -348
      -260
      -246
      -655
      -3
      -96
      107
      -266
      -2
      137
      4
      -43
      62
      -4
      0
      28
      6
      0
      61
      15
      -50
      167
      30
      42
      131
      -145
      -58
      -239
      -17
      8
      16
      18
      0
      22
      -31
      -1,067
      21
      80
      5
      23
      522
      49
      15
      -1,333
      -344
      -90
      -49
      -85
      -127
      12
      -318
      -298
      136
      1
      4
      -70
      214
      -60
      -118
      417
      26
      22
      -29
      36
      43
      10
      -35
      -3
      102
      -41
      -524
      34
      27
      9
      336
      106
      -92
      -119
      -135
      0
      392
      -383
      32
      91
      44
      66
      -28
      1,441
      0
      104
      41
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -9,553
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 91
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 91
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 91
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 946
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 946
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 855
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow855 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (303) 442-3670

Located atright arrow370 INTERLOCKEN BLVD SUITE 290BROOMFIELDCO ZIP+4right arrow800218008
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DONALD E CULVER PRESIDENT/SECRETARY
0.50 		0 0 0
370 INTERLOCKEN BLVD SUITE 290
BROOMFIELD,CO800218008
MARY E CULVER VICE PRESIDENT
0.50 		0 0 0
370 INTERLOCKEN BLVD SUITE 290
BROOMFIELD,CO800218008
MARK P CULVER VICE PRESIDENT
0.50 		0 0 0
370 INTERLOCKEN BLVD SUITE 290
BROOMFIELD,CO800218008
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
214,169
b
Average of monthly cash balances.......................
1b
18,895
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
233,064
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
233,064
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,496
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
229,568
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
11,478
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
11,478
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
91
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
91
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
11,387
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
11,387
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
11,387
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
5,343
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
5,343
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 11,387
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 24,743
b From 2019...... 25,232
c From 2020...... 17,425
d From 2021...... 41,754
e From 2022...... 35,924
f Total of lines 3a through e ........ 145,078
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 5,343
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 5,343
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 6,044 6,044
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 139,034
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		18,699
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		120,335
10 Analysis of line 9:
a Excess from 2019.... 25,232
b Excess from 2020.... 17,425
c Excess from 2021.... 41,754
d Excess from 2022.... 35,924
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
DONALD E CULVER
MARY E CULVER
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

GILLETTE GIRLS FAST PITCH ASSOCIATION

PO BOX 4242
GILLETTE,WY82717 		N/A PUBLIC CHARITY OPERATING SUPPORT 1,000

OUR CENTER

220 COLLYER STREET
LONGMONT,CO80501 		N/A PUBLIC CHARITY OPERATING SUPPORT 1,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		N/A PUBLIC CHARITY OPERATING SUPPORT 1,000
Total .................................right arrow 3a 3,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 75  
4 Dividends and interest from securities ....     14 7,138  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -9,553  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -2,340 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-2,340
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE CULVER FAMILY FOUNDATION INC
 
Employer identification number

35-2163997
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE CULVER FAMILY FOUNDATION INC
  		Employer identification number
35-2163997
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
DONALD E & MARY E CULVER
 
370 INTERLOCKEN BOULEVARD SUITE 290
 
BROOMFIELD, CO800218008

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE CULVER FAMILY FOUNDATION INC
  		Employer identification number

35-2163997
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE CULVER FAMILY FOUNDATION INC
  		Employer identification number

35-2163997
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE CULVER FAMILY FOUNDATION INC
EIN:
35-2163997
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 2,089 209   1,880

TY 2023 InvestmentsCorpStockSchedule
Name:
THE CULVER FAMILY FOUNDATION INC
EIN:
35-2163997
Name of Stock End of Year Book Value End of Year Fair Market Value
31 SHS AMAZON.COM INC 4,710 4,710
15 SHS HOME DEPOT INC 5,198 5,198
27 SHS MICROSOFT CORP 10,153 10,153
31 SHS ALPHABET INC 4,330 4,330
207 SHS CISCO SYSTEMS INC 10,458 10,458
63 SHS JOHNSON & JOHNSON 9,875 9,875
9 SHS NVIDIA CORP 4,457 4,457
28 SHS APPLE INC 5,391 5,391
43 SHS WALT DISNEY COMPANY 3,882 3,882
1,542 SHS CONQUER RISK DEFENSIVE BULL FUND 19,018 19,018
117 SHS CONQUER RISK TACTICAL OPPORT FUND 1,142 1,142
127 SHS CONQUER RISK TACTICAL ROTATION FUND 1,301 1,301
230 SHS CONQUER RISK MNGD VOLATILITY FUND 2,367 2,367
125 SHS AVANGRID INC 4,051 4,051
15 SHS CARLISLE COS INC 4,687 4,687
38 SHS CME GROUP INC 8,003 8,003
135 SHS COTERRA ENERGY INC 3,445 3,445
20 SHS ELECTRONIC ARTS INC 2,736 2,736
64 SHS M&T BANK CORP 8,773 8,773
15 SHS NUCOR CORP 2,611 2,611
348 SHS PFIZER INC 10,019 10,019
14 SHS ALBEMARLE CORP 2,023 2,023
19 SHS AMGEN INC 5,472 5,472
50 SHS ANALOG DEVICES INC 9,928 9,928
111 SHS BORG WARNER INC 3,979 3,979
4 SHS BROADCOM INC 4,465 4,465
156 SHS CAMPBELL SOUP CO 6,744 6,744
23 SHS CHEVRON CORP 3,431 3,431
19 SHS CUMMINS INC 4,552 4,552
4 SHS FIRST CITIZENS BANCSHARES INC 5,676 5,676
33 SHS FIRST SOLAR INC 5,685 5,685
102 SHS GENERAL MILLS INC 6,644 6,644
153 SHS GENERAL MOTORS CO 5,496 5,496
292 SHS HEWLETT PACKARD ENTERPRISE CO 4,958 4,958
10 SHS LULULEMON ATHLETICA INC 5,113 5,113
13 SHS META PLATFORMS INC 4,602 4,602
131 SHS MOBILEYE GLOBAL INC 5,675 5,675
46 SHS PACCAR INC 4,492 4,492
43 SHS PULTEGROUP INC 4,438 4,438
26 SHS T-MOBILE US INC 4,169 4,169
8 SHS UNITED RENTALS INC 4,587 4,587
14 SHS VERTEX PHARMACEUTICALS INC 5,696 5,696
124 SHS ISHARES RUSSELL 2000 ETF 24,888 24,888
11 SHS ISHARES SHORT TREASURY ETF 1,211 1,211
131 SHS GAMING & LEISURE PROPERTIES INC 6,465 6,465

TY 2023 OtherExpensesSchedule
Name:
THE CULVER FAMILY FOUNDATION INC
EIN:
35-2163997
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSE 514 51   463


TY 2023 OtherIncreasesSchedule
Name:
THE CULVER FAMILY FOUNDATION INC
EIN:
35-2163997
Description Amount
NONTAXABLE DISTRIBUTIONS 138
TAX-EXEMPT DIVIDENDS 9
UNREALIZED GAIN ON INVESTMENTS 20,506


TY 2023 OtherProfessionalFeesSchedule
Name:
THE CULVER FAMILY FOUNDATION INC
EIN:
35-2163997
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 404 404   0


TY 2023 TaxesSchedule
Name:
THE CULVER FAMILY FOUNDATION INC
EIN:
35-2163997
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 3 3   0