Rice Family Foundation
- Assets
- $6.8m
- Revenue
- $239.9k
- Investments
- $6.5m
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- 10/1987
- Data as of
- 11/2023
- EIN
- 36-3529826
Organization Overview
Rice Family Foundation is located in Bainbridge Island, WA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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 Family Foundation 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 11/2023, Rice Family Foundation generated $239.9k 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 (8.8%) each year. All expenses for the organization totaled $662.6k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rice Family Foundation has awarded 647 individual grants totaling $5,450,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol R Bowditch Treasurer | 1 | $0 | |
Emily R Douglass President | 1 | $0 | |
James A Bowditch Director | 1 | $0 | |
Lynn D Rice Secretary | 1 | $0 | |
Hilary R Sonstegard Director | 1 | $0 | |
James Arthur Bowditch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,046 |
| Dividends & Interest | $195,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,920 |
| Capital Gain Net Income | $33,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,506 |
| Total Revenue | $239,914 |
| 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 | $175 |
| Total operating and administrative expenses | $2,642 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $662,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $215,859 |
| 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 | $4,564,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,760,566 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rice Family Foundation has awarded $660,000 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF WASHINGTON FOUNDATION PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $3,000 |
AMERICASHARE PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $12,000 |
AMERICAN RED CROSS PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $5,000 |
AU STABLE INSTITUTE PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $2,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $20,000 |
BAINBRIDGE SCHOOLS FOUNDATION PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $2,000 |