Ed Rachal Foundation

Organization Overview

Ed Rachal Foundation is located in Corpus Christi, TX. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 08/2020, Ed Rachal Foundation generated $47.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $35.6m during the year ending 08/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED IN DEVELOPING A RETREAT CENTER FOR QUALIFYING CIVIC COMMUNITY AND NOT-FOR-PROFIT ORGANIZATIONS. USED FOR APPROXIMATELY 6,900 PEOPLE DAYS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pro-equity
$269,214
Turner Ramirez Architects
$192,937
Edi Architecture
$194,029
Encompass Litigation Services
$130,000
Lloyd Engineering
$105,350
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $4,503
Interest on Savings $30,150
Dividends & Interest $6,718,097
Net Rental Income$7,138,962
Net Gain on Sale of Assets $258,154
Capital Gain Net Income $258,154
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $28,891,839
Total Revenue $47,927,944

Grants Awarded

Over the last fiscal year, Ed Rachal Foundation has awarded $11,544,365 in support to 2 organizations.

Grant RecipientAmount

SEE STATEMENT 25

PURPOSE: SEE STMT

$10,544,365

NUECES COUNTY TEXAS

PURPOSE: PURCHASE OF LAND

$1,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ed Rachal Foundation has recieved totaling $29,472.

Awarding OrganizationAmount
Friends Of Corpus Christi Public Libraries

Corpus Christi, TX

PURPOSE: TO HELP FUND THE PLANETARIUM AND CHILDRENS PROGRAMMING IN THE CORPUS CHRISTI AREA

$29,472
View Grant Recipient Profile

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