Ed Rachal Foundation

The information for Ed Rachal Foundation is as of the organization's most recent filing in August '22. This organization is located in Corpus Christi, TX. It has been in existence for 25 years, following its founding in 1997.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Ed Rachal Foundation's NTEE code is X99. The "X" tells us that the organization is classified as Religion-Related. The "99" tells us that the organization falls under the sub-category of Religion-Related N.E.C. The NTEE describes this category as organizations that provide services relating to religion where a more specific code cannot be accurately assigned, including various religious beliefs and references to miracles. The Ed Rachal Foundation is also classified as a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Program Areas

The organization reports all expenses incurred in developing a retreat center for qualifying civic community and not-for-profit organizations within the general fund. This fund is used for approximately 6,900 people days.

Grant History

Our dataset includes one year of grant history for the Ed Rachal Foundation. In that year, they have awarded two grants, with an average check size of $5,772,183. Unfortunately, we do not have information on the NTEE sector for these awards. However, both grants were awarded in the state of Texas.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
John Wallace Real Estate Llc
$120,000
Edr Architects
$68,170
Savills Inc
$727,335
Carol Bailey Attorney At Law
$120,405
Republic Ranches
$80,000
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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $44,669
Interest on Savings $25,425
Dividends & Interest $6,165,328
Net Rental Income$4,644,596
Net Gain on Sale of Assets $1,284,871
Capital Gain Net Income $1,284,871
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $88,575,099
Total Revenue $106,764,115

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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