Nonprofit · EIN 80-0870036
RAINWATER CHARITABLE FOUNDATION
Tax-exempt · FORT WORTH, TX 76102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $85,176,764 | $57,471,998 | $27,704,766 | $931,421,595 | $0 | $931,421,595 |
| December 31, 2023 | 990-PF | $28,931,463 | $52,604,417 | -$23,672,954 | $881,075,731 | $0 | $881,075,731 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $12,423,152
- Net gain from sales of assets
- $33,476,992
- Other income
- $39,276,620
Expenses
- Grants and similar amounts paid
- $43,565,002
- Compensation of officers, directors and key employees
- $3,139,334
- Salaries, compensation and benefits (total)
- $3,788,908
- Disbursements for charitable purposes
- $52,832,809
- Excise tax on investment income
- $1,025,494
Balance sheet and other
- Total assets, start of year
- $881,075,731
- Total assets, end of year
- $931,421,595
- Total liabilities, end of year
- $0
- Net assets, end of year
- $931,421,595
- Fair market value of assets
- $1,164,718,994
- Qualifying distributions
- $52,832,809
- Net investment income
- $89,795,794
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEREMY SMITH 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | PRESIDENT AND EXECUTIVE DIRECTOR | 40 | $732,902 | $85,545 |
| AARON BIGBEE 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | CIO AND INVESTMENT MANAGER | 40 | $656,616 | $233,609 |
| MELISSA PARRISH 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | EXECUTIVE VP AND CFO | 40 | $557,571 | $85,816 |
| SUSAN MONTGOMERY 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | VP/ CONTROLLER/ TAX DIRECTOR | 40 | $301,419 | $76,886 |
| GLENN HARRIS 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | DIRECTOR OF RESEARCH Highest-paid employee | 40 | $273,036 | $68,933 |
| AMY ROMMELL 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | SCIENTIFIC PROGRAM D Highest-paid employee | 40 | $259,945 | $67,891 |
| TRENT MOEN 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | INVESTMENT DIRECTOR Highest-paid employee | 40 | $234,466 | $161,864 |
| FRANKLIN ZHU 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | INVESTMENT ASSOCIATE Highest-paid employee | 40 | $220,192 | $98,091 |
| WALTER J RAINWATER JR 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 35 | $219,958 | $0 |
| JAY MCCALL 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | SENIOR PRINCIPAL Highest-paid employee | 40 | $216,820 | $59,593 |
| RICHARD T RAINWATER 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 20 | $144,020 | $0 |
| COURTNEY E RAINWATER 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 0 | $0 | $0 |
| MATTHEW J RAINWATER 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 20 | $0 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AARON BIGBEE 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | CIO AND INVESTMENT MANAGER | 40 | $590,720 | $264,052 |
| JEREMY SMITH 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | PRESIDENT AND EXECUTIVE DIRECTOR | 40 | $586,690 | $140,733 |
| MELISSA PARRISH 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | EXECUTIVE VP AND CFO | 40 | $513,085 | $82,842 |
| RANDOLPH KIM 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | CIO AND INVESTMENT MANAGER (TO 2/24/23 | 30 | $454,095 | $71,367 |
| SUSAN MONTGOMERY 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | VP/ CONTROLLER/ TAX DIRECTOR | 40 | $276,528 | $71,692 |
| GLENN HARRIS 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | DIRECTOR OF RESEARCH Highest-paid employee | 40 | $259,889 | $66,383 |
| AMY ROMMELL 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | SCIENTIFIC PROGRAM D Highest-paid employee | 40 | $253,635 | $66,619 |
| WALTER J RAINWATER JR 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 35 | $213,137 | $0 |
| RICHARD T RAINWATER 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 35 | $213,137 | $0 |
| JAY MCCALL 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | PROGRAM MANAGER Highest-paid employee | 40 | $204,501 | $56,317 |
| SHARON DOAN 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | ASSISTANT CONTROLLER Highest-paid employee | 40 | $191,376 | $55,131 |
| FRANKLIN ZHU 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | SENIOR INVESTMENT AS Highest-paid employee | 40 | $180,187 | $96,284 |
| COURTNEY E RAINWATER 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 0 | $0 | $0 |
| MATTHEW J RAINWATER 777 MAIN STREET SUITE 2250, FORT WORTH, TX 76102 | TRUSTEE | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 777 MAIN ST STE 2250, FORT WORTH, TX 76102-5308
- In care of
- % ROBERT J GIEB
- Signed the 990-PF
- MELISSA PARRISH, EXECUTIVE VP/CFO
- Phone
- (817) 820-2700
- Return prepared by
- DELOITTE TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 80-0870036
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $931,421,595
- Income (IRS master file)
- $201,069,447
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $85,176,764 | $57,471,998 | $931,421,595 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $28,931,463 | $52,604,417 | $881,075,731 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 80-0870036).
Questions about RAINWATER CHARITABLE FOUNDATION
- What is the EIN of RAINWATER CHARITABLE FOUNDATION?
- The employer identification number (EIN) of RAINWATER CHARITABLE FOUNDATION is 80-0870036.
- Is RAINWATER CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to RAINWATER CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAINWATER CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAINWATER CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINWATER CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RAINWATER CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 11 received compensation from the organization, the highest $732,902 (JEREMY SMITH, PRESIDENT AND EXECUTIVE DIRECTOR).
- How much revenue does RAINWATER CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $85,176,764, expenses of $57,471,998 and total assets of $931,421,595 at year end.
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