Palacios Marine Agricultural Research logo

Palacios Marine Agricultural Research

CORPUS CHRISTI, TX EIN: 84-5079866 Website

SEE SCHEDULE O

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.3M

+4.3% YoY

Annual Giving

$129K

-82.0% YoY

Grant Count

2

-60.0% YoY

Avg Grant Size

$64K

-55.0% YoY

About Palacios Marine Agricultural Research

Based on IRS filings

Palacios Marine Agricultural Research is a nonprofit organization focused on Science & Technology, based in CORPUS CHRISTI, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 2 grants totaling $129K. Net investment income was $73K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

States

Cities

Corpus ChristiDecaturHartwellHoustonPalacios

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$889K$2M$3M$4M2021202220232024
Metric202420232022
Total Assets$4,338,603$4,161,718$4,022,660
Revenue$3,215,290$2,640,699$2,484,282
Expenses$2,914,311$2,834,423$1,377,601
Qualifying Distributions
Net Investment Income$72,508$33,217$29,824
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$178K$357K$535K$714K0 grants20210 grants20225 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

B CARBON INC$120KOYSTER SOUTH$9K

Grant Size Distribution

7 grants across all recorded years

5<$50K$50–100K1$100–250K$250–500K1$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

JOE FOXFORMER EXECUTIVE DIRECTOR$222KGAIL SUTTONDIRECTOR OF OPERAT.$144KLARRY MCKINNEYDIRECTOR$138KJAMES MEYNCHIEF EXECUTIVE OFFICER$116K

From 2024 filing

NameTitleHoursCompensation
LARRY MCKINNEYDIRECTOR20$138,030
CLARK C FLATOBOARD CHAIRMAN8
STEPHEN W ALTHEIDETREASURER5
DAVID HOYERVICE CHAIRMAN2
JOHN J JOHNSONSECRETARY2
DAVID F SUTTERDIRECTOR2
JOSE SEVILLAADVISORY DIRECTOR2
KENNETH W TRAWICKDIRECTOR2
JAMES MEYNCHIEF EXECUTIVE OFFICER40$116,154
GAIL SUTTONDIRECTOR OF OPERAT.40$144,220
JOE FOXFORMER EXECUTIVE DIRECTOR40$222,078

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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