Nonprofit · EIN 74-1116595
ED RACHAL FOUNDATION
Tax-exempt · CORP CHRISTI, TX 78401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $103,220,023 | $56,539,173 | $46,680,850 | $825,410,588 | $30,792,572 | $794,618,016 |
| August 31, 2024 | 990-PF | $78,609,942 | $52,385,851 | $26,224,091 | $722,339,907 | $18,450,588 | $703,889,319 |
| August 31, 2023 | 990-PF | $90,054,904 | $53,476,258 | $36,578,646 | $723,641,857 | $23,070,839 | $700,571,018 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $45,489
- Dividends
- $14,466,834
- Interest
- $35,550
- Net rental income
- $7,915,000
- Net gain from sales of assets
- $1,958,237
- Other income
- $69,486,236
Expenses
- Grants and similar amounts paid
- $27,517,291
- Compensation of officers, directors and key employees
- $1,380,824
- Salaries, compensation and benefits (total)
- $1,002,758
- Disbursements for charitable purposes
- $36,590,273
- Excise tax on investment income
- $1,166,600
Balance sheet and other
- Total assets, start of year
- $722,339,907
- Total assets, end of year
- $825,410,588
- Total liabilities, end of year
- $30,792,572
- Net assets, end of year
- $794,618,016
- Fair market value of assets
- $825,410,588
- Qualifying distributions
- $36,590,273
- Net investment income
- $103,138,984
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL D ALTHEIDE 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | PRESIDENT/CE | 50 | $675,000 | $22,022 |
| MYRA K MORRIS 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | CHIEF LEGAL | 40 | $377,424 | $15,485 |
| MICHAEL HILL 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | COMPTROLLER Highest-paid employee | 40 | $235,269 | $34,410 |
| TAYLOR HUNT 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | SR. PROJECT Highest-paid employee | 40 | $166,269 | $34,201 |
| BETTIE BILLINGS 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | ASST. COMPTROLLER Highest-paid employee | 40 | $151,731 | $34,125 |
| FRANCISCO CAVAZOS 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | PROJECT SUPERIOR Highest-paid employee | 40 | $110,075 | $33,932 |
| BRADLEY PEARCE 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | PROJECT SUPERIOR Highest-paid employee | 40 | $91,344 | $25,189 |
| DAVID L HOYER 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | BOARD CHAIRMAN | 6 | $66,800 | $0 |
| KEN W TRAWICK 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | VICE BOARD CHAIRMAN | 5 | $66,800 | $0 |
| JOHN J JOHNSON 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | SEC/TREASURER | 5 | $66,800 | $0 |
| JOSHUA T GAINES 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | ADVISORY DIRECTOR | 5 | $64,000 | $0 |
| DAVID J MORALES 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | ADVISORY DIRECTOR | 5 | $64,000 | $0 |
| KEN L KELLAR 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $0 | $0 |
990-PF for the year ended August 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL D ALTHEIDE 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | PRESIDENT/CE | 50 | $693,615 | $13,815 |
| MYRA K MORRIS 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | CHIEF LEGAL | 40 | $379,462 | $12,338 |
| MICHAEL HILL 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | COMPTROLLER Highest-paid employee | 40 | $227,923 | $30,339 |
| TAYLOR HUNT 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | SR. PROJECT Highest-paid employee | 40 | $166,865 | $30,229 |
| BETTIE BILLINGS 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | ASST. COMPTROLLER Highest-paid employee | 40 | $146,341 | $30,145 |
| FRANCISCO CAVAZOS 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | PROJECT SUPERIOR Highest-paid employee | 40 | $101,206 | $30,036 |
| BRADLEY PEARCE 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | PROJECT SUPERIOR Highest-paid employee | 40 | $95,385 | $27,363 |
| JOHN J JOHNSON 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | SEC/TREASURER | 5 | $64,000 | $0 |
| JOSHUA T GAINES 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $64,000 | $0 |
| DAVID J MORALES 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $64,000 | $0 |
| DAVID L HOYER 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | BOARD CHAIRMAN | 6 | $60,800 | $0 |
| KEN W TRAWICK 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | VICE BOARD CHAIRMAN | 5 | $60,800 | $0 |
| KEN L KELLAR 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $0 | $0 |
990-PF for the year ended August 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL D ALTHEIDE 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | PRESIDENT/CE | 50 | $623,499 | $13,086 |
| MYRA K MORRIS 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | CHIEF LEGAL | 40 | $350,079 | $13,217 |
| MICHAEL HILL 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | COMPTROLLER Highest-paid employee | 40 | $203,308 | $32,261 |
| DAVID ROBERTS 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | SR. ARCHITECT Highest-paid employee | 40 | $193,395 | $900 |
| JOHN CREEDON 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | COST ANALYST Highest-paid employee | 40 | $173,114 | $22,596 |
| TAYLOR HUNT 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | SR. PROJECT Highest-paid employee | 40 | $151,295 | $32,180 |
| BETTIE BILLINGS 555 N CARANCAHUA ST STE 700, CORPUS CHRISTI, TX 78401 | ASST. COMPTROLLER Highest-paid employee | 40 | $128,272 | $31,921 |
| JOHN J JOHNSON 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | SEC/TREASURER | 5 | $66,800 | $0 |
| DAVID J MORALES 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $66,800 | $0 |
| KEN W TRAWICK 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | VICE BOARD CHAIRMAN | 5 | $65,200 | $0 |
| JOSHUA T GAINES 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $64,000 | $0 |
| DAVID L HOYER 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | BOARD CHAIRMAN | 6 | $62,400 | $0 |
| KEN L KELLAR 555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX 78401 | DIRECTOR | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 N CARANCAHUA ST STE 700, CORP CHRISTI, TX 78401-0861
- Signed the 990-PF
- PAUL D ALTHEIDE, PRESIDENT/CEO
- Phone
- (361) 881-9040
- Website
- WWW.EDRACHAL.ORG
- Return prepared by
- COLLIER JOHNSON & WOODS PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 74-1116595
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- August
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X99J)
- Assets (IRS master file)
- $825,410,588
- Income (IRS master file)
- $144,067,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $103,220,023 | $56,539,173 | $825,410,588 | XML |
| 990-PF | August 2024 | $78,609,942 | $52,385,851 | $722,339,907 | XML |
| 990-PF | August 2023 | $90,054,904 | $53,476,258 | $723,641,857 | XML |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | IRS |
| 990-PF | August 2020 | – | – | – | IRS |
| 990-PF | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1116595).
Questions about ED RACHAL FOUNDATION
- What is the EIN of ED RACHAL FOUNDATION?
- The employer identification number (EIN) of ED RACHAL FOUNDATION is 74-1116595.
- Is ED RACHAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to ED RACHAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ED RACHAL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ED RACHAL FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ED RACHAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of ED RACHAL FOUNDATION?
- The 990-PF for the year ended August 31, 2025 lists 13 people; 12 received compensation from the organization, the highest $675,000 (PAUL D ALTHEIDE, PRESIDENT/CE).
- How much revenue does ED RACHAL FOUNDATION have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $103,220,023, expenses of $56,539,173 and total assets of $825,410,588 at year end.
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- REACH MINISTRIES OF CORPUS CHRISTI EIN 45-2677174 · last filed 990 for 2024
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- QUEEN OF CHINA CATHOLIC MINISTRIES INC EIN 26-1900740 · last filed 990-EZ for 2025