Formosa Plastics Corporation Texas- is a private foundation focused on Education, based in PORT LAVACA, TX. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $927K in total assets. In 2022, it awarded 25 grants totaling $49K. Net investment income was $9K.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$927K
-4.1% YoY
Annual Giving
$49K
+0.0% YoY
Grant Count
25
+0.0% YoY
Avg Grant Size
$2K
+0.0% YoY
Under IRS private-foundation payout rules, Formosa Plastics Corporation Texas- reported a distributable amount of $45K for 2022 — the minimum it must pay out in qualifying distributions.
About Formosa Plastics Corporation Texas-
Based on IRS filings
Formosa Plastics Corporation Texas- is a private foundation focused on Education, based in PORT LAVACA, TX. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $927K in total assets. In 2022, it awarded 25 grants totaling $49K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $926,752 | $966,484 | $1,006,424 |
| Revenue | $9,268 | $10,135 | $154,926 |
| Expenses | $49,000 | $50,075 | $48,415 |
| Qualifying Distributions | $49,000 | $50,075 | — |
| Net Investment Income | $9,268 | $10,135 | $13,187 |
| Distributable Amount | $45,026 | $47,519 | $46,476 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Hahly Baldera ($2,000), Natalie Becker ($2,000), Julio Cacho ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HAHLY BALDERA PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| NATALIE BECKER PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| JULIO CACHO PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| IAN CHEN PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| PAYTON COX PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| KRISTAL GUERRERO PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| MORGAN HARKEY PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| CHIT MIN HTWAY PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| SAVANNAH LANE PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
| EVAN LIN PORT LAVACA, TX | TO AID IN PURSUIT OF EDUCATIONAL STU | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEREK SCHMIDT | PRESIDENT | — | — |
| ROBIN MARTINEZ | VICE PRES. | — | — |
| BOBBY MEEKS | TREASURER, S | — | — |
| EVAN CARDWELL | MEMBER | — | — |
| KELLY TAYLOR | MEMBER | — | — |
| NICOLE AMASON | MEMBER | — | — |
| RICK CRABTREE | MEMBER | — | — |
| BILL HARVEY | MEMBER | — | — |
| JOHN FOESTER | MEMBER | — | — |
| DR MICHAEL MCGUIRE | MEMBER | — | — |
| KENDRA BOONE | MEMBER | — | — |
| RENE FLORES | MEMBER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Formosa Plastics Corporation Texas-?
Formosa Plastics Corporation Texas- is a private foundation focused on Education, based in PORT LAVACA, TX. It holds $927K in total assets as of 2022.
How large is Formosa Plastics Corporation Texas-?
As of 2022, Formosa Plastics Corporation Texas- holds $927K in total assets with $9K in annual revenue. It awarded 25 grants totaling $49K in 2022.
Where does Formosa Plastics Corporation Texas- operate?
Formosa Plastics Corporation Texas- has awarded grants in Texas.
What size grants does Formosa Plastics Corporation Texas- award?
In 2022, Formosa Plastics Corporation Texas- awarded 25 grants totaling $49K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Formosa Plastics Corporation Texas- required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Formosa Plastics Corporation Texas- reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2022.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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