Rice Fam Foundation Tr
- Assets
- $7.6m
- Revenue
- $61.6k
- Investments
- $5.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 13-7152866
Organization Overview
Rice Fam Foundation Tr is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice Fam Foundation Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rice Fam Foundation Tr generated $61.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $474.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rice Fam Foundation Tr has awarded 31 individual grants totaling $2,960,421. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franci J Blassberg Treasurer | 1 | $0 | |
Joseph L Rice President | 1 | $0 | |
Franci J Blassberg Treasurer | 1 | $0 | |
Joseph L Rice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $297,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$235,616 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $4,759 |
| Contributions, gifts, grants paid | $470,000 |
| Total expenses and disbursements | $474,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,313,627 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,196,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,639,576 |
| Accounts payable and accrued expenses | $500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,513 |
| Total liabilities | $3,013 |
Grants Awarded
Over the last fiscal year, Rice Fam Foundation Tr has awarded $940,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK CITY BALLET INC PURPOSE: GENERAL SUPPORT | $100,000 |
CORNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $370,000 |
CORNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $370,000 |
NEW YORK CITY BALLET INC PURPOSE: GENERAL SUPPORT | $100,000 |