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  4. Ed Rachal Foundation
EIN 74-1116595

Ed Rachal Foundation

IRS 501(c) type
501(c)(3)
Num. employees
15
City
Corpus Christi
State
Texas
Year formed
1997
Most recent tax filings
2023-08-01
NTEE code, primary
X00: Religion: General
Description
The Ed Rachal Foundation is a private foundation located in Corpus Christi, TX that primarily funds charitable expenses incurred in developing a retreat center for qualifying civic community and not-for-profit organizations. The Foundation made one grant last year.
Total revenues
$90,054,904
2023
Total expenses
$53,476,258
2023
Total assets
$723,641,857
2023
Num. employees
15
2023

Program areas at Ed Rachal Foundation

Expenses incurred in developing a retreat center for qualifying civic community and not-for-profit organizations. Used for approximately 6,900 people days.

Grants made by Ed Rachal Foundation

GranteeGrant descriptionAmount
Louise Allen FoundationPS$5,158,039
Palacios Marine Agricultural ResearchPS$2,500,000
Mission 911Go$300,000
...and 150 more grants made totalling $14,390,189

Who funds Ed Rachal Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Friends of Corpus Christi Public LibrariesTo Help Fund the Planetarium and Childrens Programming in the Corpus Christi Area$29,472

Personnel at Ed Rachal Foundation

NameTitleCompensation
Paul D AltheidePresident and Chief Executive Officer$623,499
Myra K MorrisChief Legal$350,079
Bettie BillingsAssistant Comptroller$128,272
Michael HillComptroller$203,308
David RobertsSenior Architect$193,395
...and 3 more key personnel

Financials for Ed Rachal Foundation

RevenuesFYE 08/2023
Total grants, contributions, etc.$5,954
Investment income and dividends$8,556,304
Net rental income$6,020,381
Net gain from sale of non-inventory assets$-1,288,528
Gross sales of inventory$0
Miscellaneous revenues$70,591,516
Total revenues$90,054,904

Form 990s for Ed Rachal Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-082024-03-26990PFView PDF
2022-082022-12-20990PFView PDF
2021-082022-07-11990PFView PDF
2020-082021-06-15990PFView PDF
2019-082020-08-19990PRView PDF
...and 9 more Form 990s

Organizations like Ed Rachal Foundation

OrganizationLocationRevenue
The Endeavor FoundationNew York, NY$25,334,795
Greater Texas FoundationBryan, TX$27,368,927
Danville Regional Foundation (DRF)Danville, VA$26,099,177
Alumbra Innovations FoundationBentonville, AR$69,805,396
Robert B Daugherty FoundationOmaha, NE$41,236,431
Dane G Hansen FoundationLogan, KS$40,724,755
Charles Hayden FoundationNew York, NY$23,845,592
Bush FoundationSt Paul, MN$111,555,530
Kickapoo Springs FoundationAbilene, TX$25,204,199
A Alfred Taubman FoundationBloomfield Hills, MI$80,255,481
Data update history
May 18, 2024
Used new vendors
Identified 5 new vendors, including , , , , and
July 26, 2023
Updated personnel
Identified 1 new personnel
July 16, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 5, 2023
Updated personnel
Identified 4 new personnel
May 21, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
EducationReligion
Characteristics
ReligiousProvides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
555 N Carancahua St Suite 700
Corpus Christi, TX 78401
Metro area
Corpus Christi, TX
County
Nueces County, TX
Website URL
edrachal.org/ 
Phone
(361) 881-9040
IRS details
EIN
74-1116595
Fiscal year end
August
Taxreturn type
Form 990-PF
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X00: Religion: General
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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