Rice Institute Inc
- Assets
- $2.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Amston, CT
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 45-2035413
Organization Overview
Rice Institute Inc is located in Amston, CT. The organization was established in 2011. According to its NTEE Classification (V05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Social Science and related organizations. As of 12/2023, Rice Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice Institute Inc 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 12/2023, Rice Institute Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $478.6k during the year ending 12/2023. While expenses have increased by 14.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND POLICY ADVOCACY FOR HEALTH AND WELL-BEING IN INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, RICE INSTITUTE INC. (R.I.C.E.) AFFILIATES CONDUCTED RESEARCH AND PUBLISHED FINDINGS ON TOPICS SUCH AS MEASURING EXCESS MORTALITY IN BIHAR USING A LARGE-SCALE PHONE SURVEY, UNDERSTANDING WHY THE INDIAN CENSUS UNDERESTIMATES SC/ST POPULATIONS, QUANTIFYING DISPARITIES IN MATERNAL MORTALITY IN INDIA, AND UNDERSTANDING WHY STILLBIRTH IS SO POORLY MEASURED IN INDIA. R.I.C.E. ALSO CONTRACTED WITH POPULATION HEALTH INSIGHTS (PHI) RELATED TO R.I.C.E.'S PARTNERSHIP WITH MSDASMC BAHRAICH ON NEONATAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Boorstin Board Member | Trustee | 1 | $0 |
Josephine Duh Board Member | Trustee | 1 | $0 |
Mike Geruso Board Member | Trustee | 1 | $0 |
Avinash Kishore Board Member | Trustee | 1 | $0 |
John Papp Board Member | Trustee | 1 | $0 |
Dean Spears Co-Executive Director | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,452,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,452,967 |
| Total Program Service Revenue | $0 |
| Investment income | $6,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,459,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $442,970 |
| Advertising and promotion | $0 |
| Office expenses | $720 |
| Information technology | $1,090 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,034 |
| Total functional expenses | $478,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,414 |
| Savings and temporary cash investments | $1,508,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,138,011 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,138,011 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,138,011 |
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