Rice Foundation
- Assets
- $9.8m
- Revenue
- $659.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 08/1986
- Data as of
- 07/2023
- EIN
- 76-0140725
Organization Overview
Rice Foundation is located in Arlington, VA. The organization was established in 1986. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice 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 07/2023, Rice Foundation generated $659.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $423.3k during the year ending 07/2023. 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
TO ENCOURAGE AND AID EDUCATIONAL ACTIVITIES, SCIENTIFIC EXPERIMENTATION AND RESEARCH RELATED TO THE U.S. RICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT: THE RICE LEADERSHIP DEVELOPMENT PROGRAM GIVES FUTURE LEADERS A COMPREHENSIVE UNDERSTANDING OF THE RICE INDUSTRY, WITH AN EMPHASIS ON PERSONAL DEVELOPMENT AND COMMUNICATION SKILLS.
REGIONAL CONSERVATION PARTNERSHIP PROGRAM: THE PURPOSE OF THE REGIONAL CONSERVATION PARTNERSHIP PROGRAM (RCPP) IS TO PROMOTE COORDINATION BETWEEN NATURAL RESOURCES CONSERVATION SERVICE (NRCS) AND ITS PARTNERS TO DELIVER CONSERVATION ASSISTANCE TO PRODUCERS AND LANDOWNERS. NRCS PROVIDES ASSISTANCE TO PRODUCERS THROUGH PARTNERSHIP AGREEMENTS AND THROUGH CONSERVATION PROGRAM CONTRACTS OR EASEMENT AGREEMENTS.
INDUSTRY EDUCATION AND RESEARCH: A KEY PART OF THE RICE FOUNDATION'S MISSION IS SUPPORTING RESEARCH THAT BENEFITS THE ENTIRE U.S. RICE INDUSTRY. CURRENTLY, PROJECTS FOCUS ON CONSERVATION, SUSTAINABILITY, AND NUTRITION.THE NATIONAL RICE MONTH SCHOLARSHIP VIDEO CONTEST IS AN OPPORTUNITY FOR GRADUATING HIGH SCHOOL STUDENTS LIVING IN ONE OF THOSE SIX RICE-GROWING STATES TO TELL A STORY ABOUT U.S. RICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Gertson Chair | OfficerTrustee | 1 | $0 |
David Petter Immediate Past Chair | OfficerTrustee | 1 | $0 |
John Denison Secretary | OfficerTrustee | 1 | $0 |
Brian Ottis Vice Chair | OfficerTrustee | 1 | $0 |
Daniel Berglund Member | Trustee | 1 | $0 |
Curtis Berry Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Usda Ars Research Services | 7/30/16 | $124,950 |
Usa Rice Federation Management Service | 7/30/16 | $149,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,000 |
| Fundraising events | $0 |
| Related organizations | $7,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,508 |
| Total Program Service Revenue | $0 |
| Investment income | $813 |
| 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 | $659,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $11,933 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $170,000 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,345 |
| Advertising and promotion | $0 |
| Office expenses | $8,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $84,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $50,000 |
| Total functional expenses | $423,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,572,408 |
| Pledges and grants receivable | $188,369 |
| 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 | $9,760,777 |
| Accounts payable and accrued expenses | $67,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,435,917 |
| 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 | $68,129 |
| Total liabilities | $8,571,546 |
| Net assets without donor restrictions | $465,833 |
| Net assets with donor restrictions | $723,398 |
| 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 | $9,760,777 |