Skip to content
ProPublica Donate
ProPublica Donate

Rainwater Charitable Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$28.9M (2023)

Expenses
$52.6M (2023)

Total Assets
$881M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,931,463
Expenses
$52,604,417
Net Income
-$23,672,954
Net Assets
$881,075,731
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,330,771
21.9%
Sales of Assets $16,985,757
58.7%
Other Income $5,614,935
19.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,063,183
87.6%
Compensation of Officers* $3,513,562
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $881,075,731
Total Liabilities $0
Net Assets $881,075,731
Compensation
Key Employees and Officers Compensation Other
Aaron Bigbee (Cio And Investment Manager) $590,720 $267,780
Jeremy Smith (President And Executive Director) $586,690 $153,292
Melissa Parrish (Executive Vp And Cfo) $513,085 $86,752
Randolph Kim (Cio And Investment Manager (To 2/24/23) $454,095 $72,665
Susan Montgomery (Vp/ Controller/ Tax Director) $276,528 $77,861
Glenn Harris (Director Of Research) $259,889 $73,010
Amy Rommell (Scientific Program D) $253,635 $70,658
Walter J Rainwater Jr (Trustee) $213,137 $0
Richard T Rainwater (Trustee) $213,137 $3,910
Jay Mccall (Program Manager) $204,501 $62,601
Sharon Doan (Assistant Controller) $191,376 $58,538
Franklin Zhu (Senior Investment As) $180,187 $99,121
Courtney E Rainwater (Trustee) $0 $0
Matthew J Rainwater (Trustee) $0 $3,910

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,956,596
Expenses
$71,852,530
Net Income
-$59,895,934
Net Assets
$854,485,810
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,281,434
35.8%
Sales of Assets $7,446,929
62.3%
Other Income $228,233
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,586,928
85.7%
Compensation of Officers* $3,110,810
4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $854,485,810
Total Liabilities $0
Net Assets $854,485,810
Compensation
Key Employees and Officers Compensation Other
Randolph Kim (Cio And Investment Manager) $916,289 $152,490
Jeremy Smith (President & Executive Director) $633,446 $91,964
Aaron Bigbee (Deputy Cio) $565,270 $120,833
Melissa Parrish (Executive Vp And Cfo) $486,186 $80,224
Susan E Montgomery (Vp/ Controller/ Tax Director) $280,088 $77,966
Glenn Harris (Director Of Research) $256,917 $68,083
Amy Rommel (Program Director) $231,935 $64,320
Jay Mccall (Program Manager) $200,753 $62,377
Walter J Rainwater Jr (Trustee) $196,079 $0
Richard T Rainwater (Trustee) $196,079 $3,231
Sharon L Doan (Assistant Controller) $186,520 $57,562
Courtney E Rainwater (Trustee) $0 $0
Matthew J Rainwater (Trustee) $0 $3,231

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$46,265,349
Expenses
$66,953,036
Net Income
-$20,687,687
Net Assets
$856,887,520
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,008,755
4.3%
Sales of Assets $25,710,485
55.6%
Other Income $18,546,109
40.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,025,300
91.1%
Compensation of Officers* $2,959,234
4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $856,887,520
Total Liabilities $0
Net Assets $856,887,520
Compensation
Key Employees and Officers Compensation Other
Randolph Kim (Cio And Investment Manager) $865,146 $310,352
Jeremy Smith (President & Executive Director) $621,811 $81,699
Aaron Bigbee (Deputy Cio) $559,563 $205,015
Melissa Parrish (Executive Vp And Cfo) $495,875 $78,517
Leticia M Toledo Sherman (Senior Director) $290,005 $73,605
Susan E Montgomery (Vp/ Controller/ Tax Director) $260,915 $74,160
Jay Mccall (Program Manager) $217,602 $59,916
Walter J Rainwater Jr (Trustee) $185,154 $0
Amy Rommel (Program Director) $183,941 $61,399
Sharon L Doan (Assistant Controller) $180,638 $53,867
Richard T Rainwater (Trustee) $105,803 $3,034
Matthew J Rainwater (Trustee) $105,803 $3,034
Courtney E Rainwater (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$30,837,606
Expenses
$52,858,331
Net Income
-$22,020,725
Net Assets
$866,482,896
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,666,667
21.6%
Interest Revenue $0
Dividends $4,464,494
14.5%
Sales of Assets $24,106,396
78.2%
Other Income -$4,399,951
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,959,101
90.7%
Compensation of Officers* $2,471,927
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $866,482,897
Total Liabilities $1
Net Assets $866,482,896
Compensation
Key Employees and Officers Compensation Other
Randolph Kim (Cio And Investment Manager) $828,874 $345,275
Jeremy Smith (President & Executive Director) $576,447 $80,275
Aaron Bigbee (Dir. Of Investments) $518,500 $222,038
Melissa Parrish (Executive Vp And Cfo) $457,469 $74,306
Leticia M Toledo Sherman (Tau Consortium Senio) $279,918 $59,443
Susan E Montgomery (Vp/ Controller/ Tax Director) $238,358 $67,693
Patrick J Brannelly (Managing Director) $211,125 $58,886
Jay Mccall (Program Manager) $206,460 $54,478
Walter J Rainwater Jr (Trustee) $182,778 $0
Sharon L Doan (Assistant Controller) $169,579 $51,163
Matthew J Rainwater (Trustee) $104,445 $0
Richard T Rainwater (Trustee) $83,556 $0
Courtney E Rainwater (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,202,051
Expenses
$51,360,356
Net Income
$1,841,695
Net Assets
$878,114,531
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $12,100,000
22.7%
Interest Revenue $0
Dividends $9,436,953
17.7%
Sales of Assets $28,310,176
53.2%
Other Income $3,354,922
6.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $48,452,774
94.3%
Compensation of Officers* $2,400,995
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $878,114,531
Total Liabilities $0
Net Assets $878,114,531

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$528,442,942
Expenses
$35,147,447
Net Income
$493,295,495
Net Assets
$515,524,834
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $515,818,736
97.6%
Interest Revenue $0
Dividends $128,527
0.0%
Sales of Assets $1,517,617
0.3%
Other Income $10,978,062
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,072,907
99.8%
Compensation of Officers* $36,000
0.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $515,524,834
Total Liabilities $0
Net Assets $515,524,834

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,651,575
Expenses
$33,117,697
Net Income
-$4,466,122
Net Assets
$22,229,339
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $28,640,269
100.0%
Interest Revenue $0
Dividends $10,502
0.0%
Sales of Assets $0
Other Income $804
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,988,435
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $22,229,339
Total Liabilities $0
Net Assets $22,229,339

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,448,470
Expenses
$31,262,993
Net Income
-$2,814,523
Net Assets
$26,695,461
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $28,684,753
> 100%
Interest Revenue $0
Dividends $41,607
0.1%
Sales of Assets $0
Other Income $688
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,082,409
99.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $26,695,461
Total Liabilities $0
Net Assets $26,695,461

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us