Rice Family Foundation
- Assets
- $7.2m
- Revenue
- $334.3k
- Investments
- $7.0m
- Employees
- 0
- Location
- Bainbridge Island, WA
- Founding
- 10/1987
- Data as of
- 11/2022
- 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 11/2022, Rice Family Foundation generated $334.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $694.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rice Family Foundation has awarded 642 individual grants totaling $5,390,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily R Douglass Director | 0 | $0 | |
Carol R Bowditch Director | 0 | $0 | |
James A Bowditch Director | 0 | $0 | |
Lynn D Rice Director | 0 | $0 | |
Hilary R Sonstegard Director | 0 | $0 | |
Andrew J Rice Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,641 |
| Dividends & Interest | $213,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,143 |
| Capital Gain Net Income | $119,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $334,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,506 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $352 |
| Total operating and administrative expenses | $4,063 |
| Contributions, gifts, grants paid | $690,000 |
| Total expenses and disbursements | $694,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,161 |
| 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 | $4,544,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,183,294 |
| 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 $690,000 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder Junction, WI PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $40,000 |
Barrington, IL PURPOSE: CONSERVANCY PROGRAM SUPPORT | $35,000 |
Minneapolis, MN PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $35,000 |
COMMUNITY CHURCH OF BARRINGTON PURPOSE: RELIGIOUS PROGRAM SUPPORT | $30,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $20,000 |
CHILDREN'S HOSPITAL AND CLINICS OF MINNESOTA PURPOSE: MEDICAL CARE & RESEARCH PROGRAM SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |