Formosa Plastics Corporation Texas-

Private foundation · Grantmaker Port Lavaca, TX EIN: 74-2634043

FORMOSA PLASTICS CORPORATION TEXAS- is a private foundation based in Port Lavaca, Texas. It provides scholarships to Calhoun High School graduates to assist with their first year of studies following graduation.

Key facts about Formosa Plastics Corporation Texas-

In short: Formosa Plastics Corporation Texas- gave $48K across 48 grants in 2025 (avg $1K), mostly in Texas. 100% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
74-2634043
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$48,000
Grants made (2025)
48
Average grant
$1,000
Median grant
$1,000
New grantees (estimate)
100% first-time grantees (48 of 48, 2025)
Total assets
$847,234
Primary geography
Texas (100% of itemized 2025 grant dollars)
How to apply
Contact the Office of the Superintendent for FPC/CCHS applications. Full details ↓
Deadline
Deadlines are denoted on the applications.

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$847K

Annual Giving

$48K

Grant Count

48

Avg Grant Size

$1K

Under IRS private-foundation payout rules, Formosa Plastics Corporation Texas- reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.

Is Formosa Plastics Corporation Texas- open to new grantees?

100%

first-time grantees, 2025

In 2025, 48 of 48 grantees (100%) were first-time recipients. First grants averaged $1K. How we count

  • Giving held roughly steady from 2022 to 2025 (−2%). Method
  • In 2025 it paid out 118% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation states that it provides scholarships to Calhoun High School graduates for their first year of studies after graduation. Its 2025 filing reports that 48 scholarships were awarded.

Grantmaking

In 2022, the foundation reported 25 grants totaling $49,000. Grants ranged from $1,000 to $2,000, with a median of $2,000. The listed grants were to individuals in Port Lavaca and included educational scholarships. For example, Hahly Baldera, Natalie Becker, and Julio Cacho each received $2,000 to aid in the pursuit of educational studies.

Review Cycle

are denoted on the applications.

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Geographic Focus

Where this funder awards grants

All grant dollars listed for 2022 went to recipients in Texas. The foundation’s stated scholarship program serves Calhoun High School graduates.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 48 itemized grants.

States

Cities

Port LavacaSeadriftPort O ConnorPalaciosPorterVictoria

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K24 grants2020 25 grants2021 25 grants2022 48 grants2025

From 2020 to 2025, annual grant giving ranged from $47K (2020) to $49K (2022). In 2025 it made 48 grants totaling $48K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Kendyl Acosta: $1KKendyl Acosta$1KJaycee Barnes: $1KJaycee Barnes$1KMcKenna Boedeker: $1KMcKenna Boedeker$1KCallie Brown: $1KCallie Brown$1KMaci Bryan: $1KMaci Bryan$1KKashney Cantu: $1KKashney Cantu$1KEmily Caylor: $1KEmily Caylor$1KAlexis Chandler: $1KAlexis Chandler$1KGavin Chavez: $1KGavin Chavez$1KBriley Christensen: $1KBriley Christensen$1K

The largest 2025 recipient was Kendyl Acosta ($1K). Together the top 10 received $10K.

Grant Size Distribution

122 grants across all recorded years

122<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 122 grants of 122 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Kendyl Acosta Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
Jaycee Barnes Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
McKenna Boedeker Seadrift, TXTo Aid in Pursuit of Educational Stu$1,000
Callie Brown Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
Maci Bryan Seadrift, TXTo Aid in Pursuit of Educational Stu$1,000
Kashney Cantu Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
Emily Caylor Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
Alexis Chandler Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
Gavin Chavez Port Lavaca, TXTo Aid in Pursuit of Educational Stu$1,000
Briley Christensen Seadrift, TXTo Aid in Pursuit of Educational Stu$1,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant sum Grant count
2022 $926,752 $9,268 $49,000 $49,000 25
2021 $966,484 $10,135 $50,075 $49,000 25
2020 $1,006,424 $154,926 $48,415 $47,000 24
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2025
Metric202520222021
Total Assets$847,234$926,752$966,484
Revenue$28,745$9,268$10,135
Expenses$57,725$49,000$50,075
Qualifying Distributions$48,000$49,000$50,075
Net Investment Income$28,745$9,268$10,135
Distributable Amount$40,540$45,026$47,519

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  2. IRS filings on file for fiscal years 2020–2022

Leadership & Key People

Leadership team and compensation from IRS filings

The 2022 filing lists Derek Schmidt as president; Robin Martinez as vice president; Bobby Meeks as treasurer; and Evan Cardwell, Kelly Taylor, Nicole Amason, Rick Crabtree, Bill Harvey, John Foester, and Dr. Michael McGuire as members.

Formosa Plastics Corporation Texas- is led by Derek Schmidt, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Derek Schmidt

    President

    On filings since 2020

    No compensation reported

  • Bobby Meeks

    Treasurer & S

    Treasurer → Treasurer & S, 2021

    On filings since 2020

    No compensation reported

  • Robin Martinez

    Vice President

    On filings since 2020

    No compensation reported

  • Kendra Boone

    Member

    On filings since 2021

    No compensation reported

  • Evan Cardwell

    Member

    On filings since 2022

    No compensation reported

  • Cindy Alford

    Member

    New on the 2025 filing

    No compensation reported

  • Dana Dworaczyk

    Member

    New on the 2025 filing

    No compensation reported

  • Dominic Robles

    Member

    New on the 2025 filing

    No compensation reported

  • Mike Rivet

    Member

    New on the 2025 filing

    No compensation reported

  • Tiffany O'Donnell

    Member

    New on the 2025 filing

    No compensation reported

Former officers (10)
  • Former: Bill Harvey (2020–2022) — Member
  • Former: John Foester (2020–2022) — Member
  • Former: Kelly Taylor (2020–2022) — Member
  • Former: Michael McGuire (2020–2022) — Member
  • Former: Nicole Amason (2020–2022) — Member
  • Former: Rick Crabtree (2020–2022) — Member
  • Former: Rene Flores (2022) — Member
  • Former: Larry Nichols (2020–2021) — Member
  • Former: Debbie Boyd (2020) — Member
  • Former: Lina Moore (2020) — Member

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Office Of The Superintendent
Mailing address: 525 N Commerce, Port Lavaca, TX 77979
Phone: (361) 552-9728

Frequently asked questions about Formosa Plastics Corporation Texas-

How much does Formosa Plastics Corporation Texas- give each year?

Formosa Plastics Corporation Texas- gave $48K across 48 grants in 2025, according to its 2025 IRS Form 990-PF.

What is Formosa Plastics Corporation Texas-'s typical grant size?

Formosa Plastics Corporation Texas-'s median grant in 2025 was $1,000, and its average grant was $1,000, across 48 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Formosa Plastics Corporation Texas- that year got $1K on average.

Where does Formosa Plastics Corporation Texas- give grants?

Formosa Plastics Corporation Texas- gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Port Lavaca, TX (42 grants) and Seadrift, TX (5 grants).

Does Formosa Plastics Corporation Texas- give general operating support?

Not in 2025: none of the 48 grants with a stated purpose on Formosa Plastics Corporation Texas-'s 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Aid in Pursuit of Educational Stu" (47 grants).

Who are Formosa Plastics Corporation Texas-'s largest grantees?

Formosa Plastics Corporation Texas-'s largest 2025 grantees include Kendyl Acosta ($1,000), Jaycee Barnes ($1,000) and McKenna Boedeker ($1,000), according to its 2025 IRS Form 990-PF. Together they received 6% of its itemized 2025 grant dollars.

How large is Formosa Plastics Corporation Texas-?

Formosa Plastics Corporation Texas- reported $847K in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets).

What does Formosa Plastics Corporation Texas- fund?

The foundation states that it provides scholarships to Calhoun High School graduates for their first year of studies after graduation. Its 2025 filing reports that 48 scholarships were awarded. See mission & focus areas ↑

How do I apply for a grant from Formosa Plastics Corporation Texas-?

Contact the Office of the Superintendent for FPC/CCHS applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Formosa Plastics Corporation Texas-'s EIN?

Formosa Plastics Corporation Texas-'s EIN (Employer Identification Number) is 74-2634043. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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