Texas Rice Improvement Association
- Assets
- $803.9k
- Revenue
- $312.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Beaumont, TX
- Founding
- 11/1955
- Data as of
- 12/2021
- EIN
- 74-1242104
Organization Overview
Texas Rice Improvement Association is located in Beaumont, TX. The organization was established in 1955. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Texas Rice Improvement Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Rice Improvement Association 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 12/2021, Texas Rice Improvement Association generated $312.2k 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 (3.5%) each year. All expenses for the organization totaled $443.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCING FOUNDATION SEED
PRODUCING FOUNDATION SEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Abshire Secretary | Officer | 20 | $22,973 |
Bill Dishman Jr Vice Preside | Officer | $0 | |
Bob Shoemate Director | Trustee | $0 | |
Michael Blanchard President | Trustee | $0 | |
Galen Franz Director | Trustee | $0 | |
Randy Waligura Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $308,384 |
| Investment income | $519 |
| 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 | $312,242 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,231 |
| Fees for services: Management | $22,973 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $35,494 |
| Insurance | $46,263 |
| All other expenses | $55,144 |
| Total functional expenses | $443,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $750 |
| Inventories for sale or use | $5,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $357,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $803,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $31 |
| 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 | $3,485 |
| Total liabilities | $3,516 |
| Net assets without donor restrictions | $0 |
| 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 | $800,381 |
| Total liabilities and net assets/fund balances | $803,897 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Rice Improvement Association has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Texas Mutual Insurance Company Austin, TX PURPOSE: Tropical Storm Imelda Relief | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clayton Foundation For Research Houston, TX | $144,911,994 | $10,982,705 |
Biomedical Research Institute Of New Mexico Albuquerque, NM | $13,199,153 | $8,153,350 |
Kidney Cancer Association Houston, TX | $23,316,300 | $6,390,706 |
Fractionation Research Inc Stillwater, OK | $7,018,117 | $4,169,009 |
Project Mend San Antonio, TX | $5,310,736 | $1,583,732 |
Wilderness Medical Society Inc Austin, TX | $2,806,544 | $1,840,089 |
Thomas N Lynn Institute For Healthcare Research Inc Oklahoma City, OK | $12,004,114 | $988,065 |
American Orthodontic Society Inc Grapevine, TX | $422,038 | $863,139 |
Restless Legs Syndrome Foundation Inc Austin, TX | $795,669 | $944,438 |
Social And Health Research Center Inc San Antonio, TX | $396,348 | $793,036 |
Baromedical Research Institute Ltd New Orleans, LA | $404,641 | $180,263 |
Human Proteome Organization Hupo Houston, TX | $683,130 | $537,131 |