ED RACHAL FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: ED RACHAL FOUNDATION (EIN 74-1116595)
Tax period: 2021-09-01 to 2022-08-31
Filed: 2022-12-20
IRS object ID: 202243549349100509
Schema version: 2021v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-12-20T14:51:16-05:00	ReturnTs
Tax Period End	2022-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	742588605	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DOVE THOMPSON & COMPANY	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	711 N CARANCAHUA ST STE 820	AddressLine1Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78401	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	741116595	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ED RACHAL FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	EDRA	BusinessNameControlTxt
Phone	3618819040	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	555 N CARANCAHUA ST SUITE 700	AddressLine1Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	784010899	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PAUL D ALTHEIDE	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	3618819040	PhoneNum
Signature	2022-12-08	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	PAUL	PersonFirstNm
Person Last	ALTHEIDE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PATRICIA A BRYANT CPA	PreparerPersonNm
PTIN	P01229486	PTIN
Phone	3618871874	PhoneNum
Preparation	2022-12-20	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$646,089,771	FMVAssetsEOYAmt
Method Of Accounting Other	Yes (X)	MethodOfAccountingOtherInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$44,669	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$25,425	InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss	$6,165,328	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$6,165,328	DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss	$10,668,723	GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm	$10,668,723	GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss	$4,644,596	NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss	$1,284,871	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$34,425,610	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,284,871	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$88,575,099	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$88,575,099	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$106,764,115	TotalRevAndExpnssAmt
Total Net Invst Incm	$106,694,021	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$1,143,503	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$608,427	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$535,077	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$1,257,230	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$716,621	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$540,609	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$443,963	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$256,281	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$187,682	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$292,715	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$261,559	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$31,156	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$27,612	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$13,806	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$13,806	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$717,805	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$357,923	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$359,882	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$4,332,092	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$4,332,092	TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss	$2,949,169	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$2,949,169	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$398,454	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$139,745	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$258,709	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$86,724	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$74,827	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$11,897	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$10,208	PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm	$5,104	PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl	$5,104	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$9,806,971	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$8,518,280	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$1,288,692	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$21,466,446	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$18,233,834	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$3,232,614	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$18,087,550	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$18,087,550	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$39,553,996	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$18,233,834	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$21,320,164	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$67,210,119	ExcessRevenueOverExpensesAmt
Net Investment Income	$88,460,187	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$3,224,784	CashBOYAmt
Cash EOY	$2,954,827	CashEOYAmt
Cash EOYFMV	$2,954,827	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$33,672,679	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$20,717,977	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$20,717,977	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$20,155,521	AcctRcvblAmt
Acct Rcvbl BOY	$9,071,248	AcctRcvblBOYAmt
Acct Rcvbl EOY	$20,155,521	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$20,155,521	AcctRcvblEOYFMVAmt
Prepaid Expenses BOY	$5,466,942	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$2,739,348	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$2,739,348	PrepaidExpensesEOYFMVAmt
US Government Obligations BOY	$64,627,037	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$71,969,817	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$71,969,817	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$2,304,536	CorporateStockBOYAmt
Corporate Stock EOY	$2,780,866	CorporateStockEOYAmt
Corporate Stock EOYFMV	$2,780,866	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$1,401,784	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,535,783	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$1,535,783	CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis	$261,909,216	InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation	$11,604,507	InvstLandAccumDepreciationAmt
Land Bldg Investments BOY	$182,150,942	LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY	$250,304,709	LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV	$250,304,709	LandBldgInvestmentsEOYFMVAmt
Other Investments BOY	$174,926,091	OtherInvestmentsBOYAmt
Other Investments EOY	$169,026,851	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$169,026,851	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$103,337,511	LandBldgEquipCostOrOtherBssAmt
Land BOY	$48,977,459	LandBOYAmt
Land EOY	$103,337,511	LandEOYAmt
Land EOYFMV	$103,337,511	LandEOYFMVAmt
Other Assets BOY	$122,220	OtherAssetsBOYAmt
Other Assets EOY	$566,561	OtherAssetsEOYAmt
Other Assets EOYFMV	$566,561	OtherAssetsEOYFMVAmt
Total Assets BOY	$525,945,722	TotalAssetsBOYAmt
Total Assets EOY	$646,089,771	TotalAssetsEOYAmt
Total Assets EOYFMV	$646,089,771	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$6,292,005	AccountsPayableBOYAmt
Accounts Payable EOY	$7,217,998	AccountsPayableEOYAmt
Deferred Revenue BOY	$227,131	DeferredRevenueBOYAmt
Deferred Revenue EOY	$631,486	DeferredRevenueEOYAmt
Other Liabilities BOY	$8,534,739	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$2,475,862	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$15,053,875	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$10,325,346	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$510,891,847	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$635,764,425	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$510,891,847	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$635,764,425	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$525,945,722	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$646,089,771	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$510,891,847	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$67,210,119	ExcessRevenueOverExpensesAmt
Other Increases	$72,498,798	OtherIncreasesAmt
Subtotal	$650,600,764	SubtotalAmt
Other Decreases	$14,836,339	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$635,764,425	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,284,871	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,229,597	InvestmentIncomeExciseTaxAmt
Subtotal	$1,229,597	SubtotalAmt
Tax Based On Investment Income	$1,229,597	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,099,820	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$1,099,820	TotalPaymentsAndCreditsAmt
Tax Due	$129,777	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	Yes (true)	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	WWW.EDRACHAL.ORG	WebsiteAddressTxt
Individual With Books	PAUL D ALTHEIDE	IndividualWithBooksNm
Phone	3618819040	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	555 N CARANCAHUA ST SUITE 700	AddressLine1Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78401	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	Yes (true)	BusinessHoldingsInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
DAVID L HOYER
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	BOARD CHAIRM	5.00	$64,000	$0	$0
KEN W TRAWICK
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	VICE BOARD C	5.00	$64,000	$0	$0
JOHN J JOHNSON
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	SEC /TREASUR	5.00	$64,000	$0	$0
KEN L KELLAR
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	DIRECTOR	5.00	$0	$0	$0
JOSHUA T GAINES
555 N CARANCAHUA STSTE 700	CORPUS CHRISTI	TX	78401	DIRECTOR	5.00	$14,000	$0	$0
DAVID J MORALES
555 N CARANCAHUA ST STE 700	CORPUS CHRISTI	TX	78401	DIRECTOR	5.00	$14,000	$0	$0
PAUL D ALTHEIDE
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	PRESIDENT/CE	50.00	$593,616	$21,065	$0
MYRA K MORRIS
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	CHIEF LEGAL	40.00	$329,887	$13,718	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt
MICHAEL HILL
555 N CARANCAHUA ST STE 700	CORPUS CHRISTI	TX	78418	COMPTROLLER	40.00	$187,548	$30,652
TAYLOR HUNT
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	SR. PROJECT	40.00	$141,990	$30,583
DAVID ROBERTS
555 N CARANCAHUA ST STE700	CORPUS CHRISTI	TX	78401	SR. ARCHITEC	40.00	$154,769	$900
BETTIE BILLINGS
555 N CARANCAHUA ST SUITE 700	CORPUS CHRISTI	TX	78401	ASST. COMPTR	40.00	$117,880	$30,364
JOHN CREEDON
555 N CARANCAHUA ST STE 700	CORPUS CHRISTI	TX	78401	COST ANALYST	40.00	$122,774	$23,143

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	5	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
SAVILLS INC
5505 N CYMBERLAND AVE	STE 307	CHICAGO	IL	60656	BROKER	$727,335
CAROL BAILEY ATTORNEY AT LAW
700 EVERHART RD	STE B-2	CORPUS CHRISTI	TX	78411	ATTORNEY	$120,405
JOHN WALLACE REAL ESTATE LLC
12 CAMDEN PLACE		CORPUS CHRISTI	TX	78412	CONSULTANT	$120,000
REPUBLIC RANCHES
453 ROBERT DRIVE		CORPUS CHRISTI	TX	78412	BROKER	$80,000
EDR ARCHITECTS
PO BOX 271613		CORPUS CHRISTI	TX	78427	ARCHITECT	$68,170

Field	Value	IRS element (for citing)
Contractor Paid Over50k	5	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	SEE STATEMENT 24	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$74,158,766	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$32,080,912	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$362,032,245	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$468,271,923	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$468,271,923	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$7,024,079	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$461,247,844	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$23,062,392	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$23,062,392	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,229,597	TaxBasedOnInvestmentIncomeAmt
Total Tax	$1,229,597	TotalTaxAmt
Distributable Before Adj	$21,832,795	DistributableBeforeAdjAmt
Distributable Before Ded	$21,832,795	DistributableBeforeDedAmt
Distributable As Adjusted	$21,832,795	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$21,320,164	ExpensesAndContributionsAmt
Qualifying Distributions	$21,320,164	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$21,832,795	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$3,967,490	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$3,795,552	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$1,807,835	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$3,568,324	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$13,139,201	TotalExcessDistributionCyovAmt
Qualifying Distributions	$21,320,164	QualifyingDistributionsAmt
Applied To Current Year	$21,320,164	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$512,631	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$512,631	ExcessDistributionCyovAppCYAmt
Total Corpus	$12,626,570	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$3,454,859	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$9,171,711	ExcessDistriCyovToNextYrAmt
Excess From Year4	$3,795,552	ExcessFromYear4Amt
Excess From Year3	$1,807,835	ExcessFromYear3Amt
Excess From Year2	$3,568,324	ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	PAUL D ALTHEIDE	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	555 N CARANCAHUA SUITE 700	AddressLine1Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78401	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	3618819040	RecipientPhoneNum
Form And Info And Materials	SEE FOUNDATION WEBSITE: WWW.EDRACHAL.ORG FOR GUIDELINES AND APPLICATION. AVAILABLE UPON REQUEST.	FormAndInfoAndMaterialsTxt
Submission Deadlines	NO SUBMISSION DEADLINES.	SubmissionDeadlinesTxt
Restrictions On Awards	GRANTS LIMITED GEOGRAPHICALLY TO THE STATE OF TEXAS.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	SEE STATEMENT 25	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	555 N CARANCAHUA STREET	AddressLine1Txt
Address Line2	SUITE 700	AddressLine2Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78401	ZIPCd

Field	Value	IRS element (for citing)
Recipient Foundation Status	VARIOUS	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	NFP PROGRAMS	GrantOrContributionPurposeTxt
Amt	$18,087,550	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$18,087,550	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$25,425	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$6,165,328	ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion	16	ExclusionCd
Exclusion	$4,644,596	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	15	ExclusionCd
Exclusion	$87,918,302	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,284,871	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
MISCELLANEOUS INCOME	1	$554,395
EASEMENTS & ROW	1	$102,402

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$100,695,319	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$100,695,319	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	Yes (true)	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	Yes (true)	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	Yes (true)	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd

Transfer Schedule Detail TransferScheduleDetail (9 entries)

Line NumberLineNumberTxt	InvolvedInvolvedAmt	Business Name Line2NoncharitableExemptOrgName/BusinessNameLine2Txt	Transfers Trans And Shr ArrngmTransfersTransAndShrArrngmDesc
ERF REAL ESTATE INC
1a(1)	$374,168	EIN 20-2661759	CASH TRANSFERS FOR REAL PROPERTY IMPROVEMENTS
ERF REAL ESTATE INC
1a(2)	$29,187,414	EIN 20-2661759	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY IMPROVEMENTS
ERF PORT ARANSAS INC
1a(2)	$481,551	EIN 46-4468454	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY IMPROVEMENTS
ERF TOWER II INC
1a(2)	$2,905,776	EIN 47-4191656	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY IMPROVEMENTS
802 NC INC
1a(2)	$7,504,346	EIN 83-0802751	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY IMPROVEMENTS
ERF WEST SIDE INC
1a(2)	$2,971,410	EIN 85-1914948	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY IMPROVEMENTS
ERF PALACIOS
1a(2)	$7,681,855	EIN 86-3879335	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY CONTRIBUTIONS
ERF VAL VERDE INC
1a(2)	$12,947,784	EIN 88-1331102	CAPITAL CONTRIBUTIONS MADE FOR REAL PROPERTY IMPROVEMENTS
ERF TOWER II INC
1b(3)	$188,004	EIN 47-4191656	LEASED OFFICE SPACE FROM 501(C)(2) TITLE HOLDING COMPANY

Field	Value	IRS element (for citing)
Relationships Nonchrtbl EO	Yes (true)	RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail (8 entries)

Business Name Line2OrganizationBusinessName/BusinessNameLine2Txt	Organization TypeOrganizationTypeDesc	Relationship DescriptionRelationshipDescriptionTxt
ERF REAL ESTATE INC
EIN 20-2661759	501(C)(2)	SEE GENERAL FOOTNOTE
ERF PORT ARANSAS INC
EIN 46-4468454	501(C)(2)	SEE GENERAL FOOTNOTE
ERF TOWER II INC
EIN 47-4191656	501(C)(2)	SEE GENERAL FOOTNOTE
802 NC INC
EIN 83-0802751	501(C)(2)	SEE GENERAL FOOTNOTE
ERF WEST SIDE INC
EIN 85-1914948	501(C)(2)	SEE GENERAL FOOTNOTE
ERF VAL VERDE INC
EIN 88-1331102	501(C)(2)	SEE GENERAL FOOTNOTE
ERF PALACIOS INC
EIN 86-3879335	501(C)(2)	SEE GENERAL FOOTNOTE
ERF LAMAR INC
EIN 85-1494970	501(C)(2)	SEE GENERAL FOOTNOTE

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Noncash ContributionNoncashContributionInd
COASTAL BEND COMMUNITY FOUNDATION
1	555 N CARANCAHUA STE 900	CORPUS CHRISTI	TX	78401	$6,649	Yes (X)
SHANNON MARY LOU GEORGE
2	1118 S STAPLES	CORPUS CHRISTI	TX	78404	$20,000		Yes (X)
JOE FRAZER
3	333 BERMUNDA	CORPUS CHRISTI	TX	78411	$10,000		Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
2	FURNITURE	$20,000	2022-01-01
3	FURNITURE	$10,000	2021-01-01

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$27,612	Amt
Net Investment Income	$13,806	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$13,806	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDesc	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	Current Year ExpenseCurrentYearExpenseAmt	Net Investment IncomeNetInvestmentIncomeAmt
DEPRECIATION	$6,481,737	STRAIGHT LINE	$2,424,727	$2,424,727
AMORTIZATION	$658,704	AMORTIZATION	$524,442	$524,442

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDesc	How AcquiredHowAcquiredTxt	Gross Sales PriceGrossSalesPriceAmt	BasisBasisAmt	Total NetTotalNetAmt
VARIOUS STOCK SALES	PURCHASE	$27,826,485	$27,790,096	$36,389
VARIOUS ASSET SALES	PURCHASE	$6,599,125	$5,350,643	$1,248,482

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	CORPORATE BONDS - SEE STATEMENT	BondNm
EOY Book Value	$1,535,783	EOYBookValueAmt
EOYFMV	$1,535,783	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
CORPORATE STOCK	$1,972,644	$1,972,644
TRULITE	$772,560	$772,560
SMART FURNITURE HOLDING LLC	$35,662	$35,662
UNREALIZED GAIN/LOSS OTHER (NETTED)

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$71,969,817	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$71,969,817	USGovtObligationsEOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (11 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt	Accumulated DepreciationAccumulatedDepreciationAmt
LAND	$93,669,376	$93,669,376	$93,669,376
LAND IMPROVEMENTS	$2,463,553	$1,373,937	$1,370,790	$1,089,616
BLDGS & LEASEHOLD IMPROVEMENTS	$39,877,397	$31,355,783	$31,355,783	$8,521,614
FURNITURE & EQUIPMENT	$531,895	$277,734	$277,734	$254,161
EQUIPMENT & TOOLS	$100,772	$75,267	$75,268	$25,505
SOFTWARE	$31,268	$9,989	$9,988	$21,279
LEASEHOLD COSTS	$669,581	$582,876	$582,876	$86,705
MOBILE HOME COMPLEX	$47,529	$28,973	$32,120	$18,556
LEASE ACQUISITION COSTS	$2,257,321	$670,250	$670,250	$1,587,071
MINERAL INTERESTS	$122,260,524	$122,260,524	$122,260,524
UNREAL LOSS

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
CITY OF CORPUS CHRISTI BONDS	FMV	$1,530,000	$1,530,000
LOAN COMMITMENTS	FMV	$2,336,323	$2,336,323
NOTES RECEIVABLE	FMV	$165,160,528	$165,160,528
STANDARD RENEWABLE ENERGY (NETTED)	FMV
UNREALIZED LOSS ON OTHER (NETTED))	FMV

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (9 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BLDGS & LEASEHOLD IMPROVEMENTS	$35,757,578	$35,757,578	$35,757,578
LAND IMPROVEMENTS	$3,134,739	$3,134,739	$3,134,739
MOBILE HOMES	$319,409	$319,409	$319,409
PILATUS	$12,094,439	$12,094,439	$12,094,439
FURNITURE AND OFFICE EQ	$61,028	$61,028	$61,028
EQ AND TOOLS	$14,606	$14,606	$14,606
MINERALS
UNREALIZED LOSS ON FIXED ASSETS
LAND	$51,955,712	$51,955,712	$51,955,712

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxt	Legal FeesLegalFeesAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXEMPT PURPOSE	$31,156	$31,156
NON - EXEMPT	$261,559		$261,559

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
HELD FOR OTHERS	$122,220	$122,554	$122,554
INVENTORY		$444,007	$444,007

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
UNREALIZED LOSS ON ASSETS	$14,234,361
UNREALIZED LOSS ON INVESTMENTS	$601,978

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (31 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
RENT INCOME
802NC RENTAL EXPENSES	$3,076,066	$3,076,066
TOWER II RENTAL EXPENSES	$2,948,061	$2,948,061
FARM RENTAL INCOME
INSURANCE
EXPENSES
FUEL & OIL - NON-EXEMPT	$13,608	$13,608
MACHINE HIRE - NON-EXEMPT	$5,195	$5,195
REPAIR & MAINT - NON-EXEMPT	$787,964	$787,964
CONTRACT LABOR - NON EXEMPT	$384,962	$384,962
SUPPLIES - NON-EXEMPT	$182,362	$182,362
POSTAGE - NON EXEMPT	$1,334	$1,334
SEMINARS - NON-EXEMPT	$29,189	$29,189
GENERAL OFFICE EXPENSE - NON	$42,712	$42,712
LIABILITY & WORKERS COMP - NO	$2,489	$2,489
AUTO INSURANCE - NON EXEMPT	$5,471	$5,471
OTHER INSURANCE - NON EXEMPT	$942,602	$942,602
BOARD TRAVEL & OTHER EXPENSE	$11,475	$7,651	$3,825
AIRPLANE - NON-EXEMPT	$20,876	$20,876
OTHER EMPLOYEE EXPENSE	$67,738	$67,738
FUEL & OIL - EXEMPT	$401		$401
REPAIR & MAINT - EXEMPT	$663,536		$663,536
CONTRACT LABOR - EXEMPT	$12,875		$12,875
SUPPLIES - EXEMPT	$39,586		$39,586
EXEMPT PURPOSE EXPENSES	$337,052		$337,052
POSTAGE - EXEMPT	$1,425		$1,425
SEMINARS - EXEMPT	$31,793		$31,793
GENERAL OFFICE EXPENSE	$53,687		$53,687
AUTO INSURANCE - EXEMPT	$531		$531
OTHER INSURANCE - EXEMPT	$137,079		$137,079
AIRPLANES - EXEMPT	$6,902		$6,902

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (5 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
ROYALTIES - GALVAN RANCH	$86,934,407	$86,934,407
ROYALTIES - EL DESCONSO	$631,938	$631,938
ROYALTIES-OTHER	$351,957	$351,957
MISCELLANEOUS INCOME	$554,395	$554,395
EASEMENTS & ROW	$102,402	$102,402

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN ON MINERALS	Desc
Amt	$72,498,798	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
ESCROW ACCT	$2,894	$4,754
TENANT DEPOSITS	$135,445	$134,785
UNFUNDED LOAN COMMITMENTS	$8,396,400	$2,336,323

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING	$684,167	$324,576	$359,591
INVESTMENT CHARGES & FEES	$33,638	$33,347	$291

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
PENALTY	$1,155	$1,155
EXCISE TAXES	$970,000	$970,000
PROPERTY TAXES	$3,360,937	$3,360,937

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ERF REAL ESTATE INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	555 N CARANCAHUA	AddressLine1Txt
Address Line2	STE 700	AddressLine2Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78401	ZIPCd

Field	Value	IRS element (for citing)
EIN	202661759	EIN
Desc	REMIT NET INCOME	Desc
Amt	$5,007,923	Amt

Field	Value	IRS element (for citing)
Total	$8,057,804	TotalAmt

Transfers To Controlled Entities TransfersToControlledEntities

Transfers To Controlled Ent TransfersToControlledEntGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ERF REAL ESTATE INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	555 N CARANCAHUA STE 700	AddressLine1Txt
City	CORPUS CHRISTI	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78401	ZIPCd

Field	Value	IRS element (for citing)
EIN	202661759	EIN
Desc	CASH TRANSFERS FOR IMPROVMNTS	Desc
Amt	$374,168	Amt

Field	Value	IRS element (for citing)
Total	$64,242,308	TotalAmt