ED RACHAL FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- ED RACHAL FOUNDATION (EIN 74-1116595)
- Tax period
- 2014-09-01 to 2015-08-31
- Filed
- 2016-03-31
- IRS object ID
- 201630919349100413
- Schema version
- 2014v6.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-03-31T15:38:18-05:00 | ReturnTs |
| Tax Period End | 2015-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 742804712 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOWLAND STREALY MORALES & COMPANY PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5934 SOUTH STAPLES SUITE 201 | AddressLine1Txt |
| City | CORPUS CHRISTI | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78413 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-09-01 | 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 | CEO | PersonTitleTxt |
| Phone | 3618819040 | PhoneNum |
| Signature | 2016-03-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JERRY D SPENCE | PreparerPersonNm |
| PTIN | P00039963 | PTIN |
| Phone | 3619931000 | PhoneNum |
| Preparation | 2016-03-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $463,258,326 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $6,224,933 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,224,933 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $6,447,018 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $6,447,018 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $5,907,588 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $182,084 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $27,903,535 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $182,084 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $74,211,082 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $74,340,709 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $87,065,117 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $87,194,744 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $911,435 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $509,631 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $401,804 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $224,570 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $113,518 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $111,052 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $130,875 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $64,893 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $65,982 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $199,154 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $183,642 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $15,512 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $16,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,300 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $8,300 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $288,890 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $250,790 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $38,100 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $4,379,135 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,721,159 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $5,267 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $144,910 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $125,272 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $71,787 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $29,644 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $42,143 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $62,690 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $21,232 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $41,458 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $3,328 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $1,601 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $1,727 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,654,112 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $675,075 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $979,037 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,087,486 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,704,757 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,710,382 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,544,365 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $11,544,365 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $18,631,851 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,704,757 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $13,254,747 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $68,433,266 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $82,489,987 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $118 | CashBOYAmt |
| Cash EOY | $82 | CashEOYAmt |
| Cash EOYFMV | $82 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $9,771,365 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $28,583,226 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $28,583,226 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $14,365,265 | AcctRcvblAmt |
| Acct Rcvbl BOY | $22,973,427 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $14,365,265 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $14,365,265 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $495,444 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $842,735 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $842,735 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $54,478,997 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $70,816,569 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $70,816,569 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $11,168,054 | CorporateStockBOYAmt |
| Corporate Stock EOY | $9,500,647 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $9,500,647 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $25,745,788 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $26,621,619 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $26,621,619 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $198,459,807 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $263,639 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $196,078,405 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $198,196,168 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $198,196,169 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $91,191,997 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $145,382,109 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $99,030,109 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,506,975 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $205,070 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $13,377,460 | LandBOYAmt |
| Land EOY | $15,301,905 | LandEOYAmt |
| Land EOYFMV | $15,301,905 | LandEOYFMVAmt |
| Total Assets BOY | $425,281,055 | TotalAssetsBOYAmt |
| Total Assets EOY | $509,610,325 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $463,258,326 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $24,344,080 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $49,865,165 | AccountsPayableEOYAmt |
| Grants Payable BOY | $1,000,000 | GrantsPayableBOYAmt |
| Deferred Revenue BOY | $7,916,667 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $2,916,667 | DeferredRevenueEOYAmt |
| Total Liabilities BOY | $33,260,747 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $52,781,832 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $392,020,308 | UnrestrictedBOYAmt |
| Unrestricted EOY | $456,828,493 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $392,020,308 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $456,828,493 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $425,281,055 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $509,610,325 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $392,020,308 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $68,433,266 | ExcessRevenueOverExpensesAmt |
| Other Increases | $364,893 | OtherIncreasesAmt |
| Subtotal | $460,818,467 | SubtotalAmt |
| Other Decreases | $3,989,974 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $456,828,493 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | DepreciationDepreciationAmt |
|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $27,783,535 | $27,592,363 | $191,172 | $191,172 | |
| LAND - BORDER PATROL EASEMENT | P | $120,000 | $120,000 | $120,000 | ||
| EQUIPMENT & TOOLS | P | $154,388 | -$129,088 | -$129,088 | $25,300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $182,084 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $182,084 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $17,793,839 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $314,661,763 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.056549 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $10,969,967 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $160,524,811 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.068338 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $6,285,041 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $115,803,872 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.054273 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $4,638,181 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $96,526,303 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.048051 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $3,198,714 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $55,876,805 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.057246 | DistributionYr5Rt |
| Total Distribution | 0.284457 | TotalDistributionRt |
| Average Distribution | 0.056891 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $393,371,193 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $22,379,281 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $824,900 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $23,204,181 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $14,861,856 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,649,800 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,649,800 | SubtotalAmt |
| Tax Based On Investment Income | $1,649,800 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,495,116 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $2,495,116 | TotalPaymentsAndCreditsAmt |
| Overpayment | $845,316 | OverpaymentAmt |
| Applied To ES Tax | $845,316 | AppliedToESTaxAmt |
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 | Yes (true) | 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 | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|---|---|
| PAUL D ALTHEIDE | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | CEO / SEC | 52.00 | $399,000 | $13,769 | $0 |
| ROBERT WALKER | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | VICE CHAIR | 4.00 | $61,000 | $0 | $0 |
| KEN KELLAR | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | MEMBER | 4.00 | $19,000 | $0 | $0 |
| RICHARD SCHENDEL | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | TREASURER | 4.00 | $60,000 | $0 | $0 |
| DAVID HOYER | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | BOARD CHAIRM | 6.00 | $61,000 | $0 | $0 |
| KEN W TRAWICK | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | MEMBER | 4.00 | $61,415 | $0 | $0 |
| JOHN JOHNSON | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | ASST TREASUR | 4.00 | $61,000 | $0 | $0 |
| S PAUL BAEN | ||||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | COO | 40.00 | $189,020 | $10,205 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| PEGGY SIDLER | |||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | COMPTROLLER | 32.00 | $94,583 | $13,769 |
| ADELINE DENVIR | |||||||
| 555 N CARANCAHUA ST SUITE 700 | CORPUS CHRISTI | TX | 784010899 | ADMIN ASST | 32.00 | $65,958 | $25,502 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 7 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | EXPENSES INCURRED IN DEVELOPING A RETREAT CENTER FOR QUALIFYING CIVIC COMMUNITY AND NOT-FOR-PROFIT ORGANIZATIONS. USED FOR APPROXIMATELY 3,000 PEOPLE DAYS. | Description1Txt |
| Expenses1 | $1,710,382 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $99,238,854 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $21,588,297 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $278,534,466 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $399,361,617 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $399,361,617 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,990,424 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $393,371,193 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $19,668,560 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $19,668,560 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,649,800 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,649,800 | TotalTaxAmt |
| Distributable Before Adj | $18,018,760 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $18,018,760 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $18,018,760 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $13,254,747 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $1,607,109 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $14,861,856 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $14,861,856 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $18,018,760 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $856,931 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $4,221,304 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,667,095 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,745,330 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $14,861,856 | QualifyingDistributionsAmt |
| Applied To Current Year | $14,861,856 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $3,156,904 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $3,156,904 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $6,588,426 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $6,588,426 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $1,921,331 | ExcessFromYear2Amt |
| Excess From Year1 | $4,667,095 | ExcessFromYear1Amt |
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'S WEBSITE, WWW.EDRACHAL.ORG, FOR GUIDELINES AND APPLICATION. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NO SUBMISSION DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | LIMITED GEOGRAPHICALLY TO THE STATE OF TEXAS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| NUECES COUNTY TEXAS | ||||||
| 901 LEOPARD ST | CORPUS CHRISTI | TX | 78401 | GOV | PURCHASE OF LAND | $1,000,000 |
| SEE STATEMENT 25 | ||||||
| SEE STMT | SEE STMT | TX | 78401 | SEE STMT | $10,544,365 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $11,544,365 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,224,933 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $5,907,588 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $74,323,448 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 1 | ExclusionCd |
| Exclusion | $182,084 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (5 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| MISCELLANEOUS INCOME | 1 | $2,655 | ||
| EASEMENTS & ROW | 1 | $14,606 | ||
| SREG - PASSIVE LOSS CO | 525990 | -$164,898 | ||
| STANDARD RENEWABLE ENERGY G | 525990 | $53,367 | ||
| BAYFRONT MARINA INVESTMENTS | 525990 | -$18,096 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$129,627 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $86,655,314 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $86,525,687 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail (4 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 FLIGHT SERVICES | ||
| 501(C)(3) | SEE GENERAL FOOTNOTE | |
| ERF TOWER II | ||
| EIN 47-4191656 | 501(C)(3) | SEE GENERAL FOOTNOTE |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $16,600 | Amt |
| Net Investment Income | $8,300 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,300 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year Depreciation | $133,425 | PriorYearDepreciationAmt |
| Current Year Expense | $144,910 | CurrentYearExpenseAmt |
| Net Investment Income | $125,272 | NetInvestmentIncomeAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS - SEE STATEMENT 23 | BondNm |
| EOY Book Value | $26,621,619 | EOYBookValueAmt |
| EOYFMV | $26,621,619 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK - SEE STATEMENT 22 | StockNm |
| EOY Book Value | $9,500,647 | EOYBookValueAmt |
| EOYFMV | $9,500,647 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $70,816,569 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $70,816,569 | USGovtObligationsEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|---|---|
| LAND | $66,252,725 | $66,252,725 | $66,622,842 | |
| LAND IMPROVEMENTS | $29,748 | $17,801 | $11,947 | |
| BLDGS & LEASEHOLD IMPROVEMENTS | $5,133,726 | $4,943,131 | $5,129,683 | $190,595 |
| FURNITURE & EQUIPMENT | $133,763 | $73,756 | $59,700 | $60,007 |
| EQUIPMENT & TOOLS | $4,175 | $4,076 | $3,500 | $99 |
| EASEMENTS | $1 | $1 | ||
| SOFTWARE | $4,368 | $3,377 | $1,500 | $991 |
| UNREALIZED APPRECIATION ON ASSETS | $522,357 | $522,357 | ||
| MINERAL INTERESTS | $126,378,944 | $126,378,944 | $126,378,944 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| STANDARD RENEWABLE ENERGY | FMV | $150,000 | $150,000 |
| BAYFRONT MARINA PARTNERSHIP | FMV | $20,042 | $20,042 |
| CITY OF CORPUS CHRISTI BONDS | FMV | $2,600,000 | $2,600,000 |
| NOTES RECEIVABLE | FMV | $83,766,607 | $83,766,607 |
| REVOLVING CREDIT NOTES | FMV | $12,493,460 | $12,493,460 |
| LOAN COMMITMENTS | FMV | $46,352,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BLDGS & LEASEHOLD IMPROVEMENTS | $2,655,912 | $167,366 | $2,488,546 | $1,928,096 |
| LAND IMPROVEMENTS | $2,589,341 | $37,704 | $2,551,637 | $2,159,612 |
| FURNITURE & EQUIPMENT | $18,409 | $18,409 | $8,400 | |
| EQUIPMENT & TOOLS | $708,927 | $708,927 | $476,900 | |
| VEHICLES | $67,229 | $67,229 | $60,000 | |
| PILATUS | $3,699,986 | $3,699,986 | $3,699,986 | |
| SOFTWARE | $4,195 | $4,195 | $1,000 | |
| UNREALIZED APPRECIATION ON ASSETS | $675,067 | $675,067 | ||
| LAND | $5,087,909 | $5,087,909 | $6,967,911 | |
| UNREALIZED APPRECIATION ON LAND |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT & TAX COMPLIANCE | $183,642 | $183,642 | |
| EXEMPT PURPOSE | $15,512 | $15,512 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | $1,989,974 |
| UNREALIZED LOSS ON MINERAL INTERESTS | $2,000,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| EXPENSES | |||
| PILATUS AIRPLANE EXPENSE | $19,047 | $19,047 | |
| BAD DEBT EXPENSE | $250,000 | $250,000 | |
| BOARD EXPENSE | $27,196 | $18,132 | $9,064 |
| ROTC COSTS | $58,411 | $58,411 | |
| MCGLOIN EXPENSES | $1,047 | $1,047 | |
| CONTRACT LABOR | $519,271 | $83,940 | $435,331 |
| FUEL & OIL | $11,374 | $45 | $11,329 |
| INSURANCE | $119,322 | $61,119 | $58,203 |
| MACHINE HIRE | $10,264 | $56 | $10,208 |
| MISCELLANEOUS | $1,050 | $1,050 | |
| OFFICE EXPENSE | $32,991 | $14,624 | $18,367 |
| RANCH SUPPLIES | $84,621 | $521 | $84,100 |
| REPAIRS & MAINTENANCE | $30,551 | $1,066 | $29,485 |
| SEMINARS DUES & FEES | $33,768 | $2,929 | $30,839 |
| TRAINING | $10,107 | $10,107 | |
| ACCRUED VACATION & SICK LEAVE | $445,092 | $222,546 | $222,546 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| ROYALTIES - GALVAN RANCH | $74,309,196 | $74,309,196 |
| ROYALTIES - EL DESCONSO | $14,252 | $14,252 |
| MISCELLANEOUS INCOME | $2,655 | $2,655 |
| EASEMENTS & ROW | $14,606 | $14,606 |
| SREG - PASSIVE LOSS CO | -$164,898 | |
| STANDARD RENEWABLE ENERGY GRP | $53,367 | |
| BAYFRONT MARINA INVESTMENTS | -$18,096 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRIOR YR PARTNERSHIP LOSSES | $164,898 |
| UNREALIZED APPRECIATION ON REAL ESTATE AND ASSETS | $199,995 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (6 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING - OIL & GAS | $50,082 | $50,082 | |
| CONSULTING - REAL ESTATE | $41,496 | $41,496 | |
| CONSULTING - INVESTMENTS | $50,000 | $50,000 | |
| CONSULTING - EXEMPT PURPOSE | $38,100 | $38,100 | |
| INVESTMENT CHARGES & FEES | $94,212 | $94,212 | |
| FARM RENTAL INCOME | $15,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $2,046 | $2,046 | |
| EXCISE TAXES | $1,652,709 | ||
| AD VALOREM TAXES | $2,199,950 | $2,194,683 | $5,267 |
| RENT INCOME | $482,241 | ||
| FARM RENTAL INCOME | $42,189 |
Comments