Ed Rachal Foundation

Ed Rachal Foundation 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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Ed Rachal Foundation Board, Officers & Key Employees

Ed Rachal Foundation Vendors

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

Ed Rachal Foundation 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

Ed Rachal Foundation 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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