Northrop Rice Foundation
- Assets
- $21.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1995
- Data as of
- 12/2019
- EIN
- 76-0452731
Organization Overview
Northrop Rice Foundation is located in Houston, TX. The organization was established in 1995. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northrop 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 12/2019, Northrop Rice Foundation generated $67.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $76.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROVIDES SCHOLARSHIPS TO STUDENTS AND INSTRUCTORS FORCAREER ADVANCEMENT IN THE AVIATION MAINTENANCE TRAININGFIELD. ALSO PROVIDE SUPPORT FOR THE DEVELOPMENT OF BETTER AND MORE CURRENT TRAINING EQUIPMENT.
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 |
|---|---|---|---|
Zaheer Faruqi Director | 0.5 | $0 | |
Karl Stoltzfus Vice President | 0.5 | $0 | |
Dr J W Rice Director | 0.5 | $0 | |
Vince Jones Director | 5 | $0 | |
P Kevin Gulliver President | 3 | $0 | |
Joe Dudek Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,758 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $143 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,901 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,109 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $915 |
| Other expenses | $5,704 |
| Total expenses | $76,062 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,221 |
| Other assets | $0 |
| Total assets | $21,221 |
| Total liabilities | $1,051 |
| Net assets or fund balances | $20,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Petroleum Geologists Foundation Tulsa, OK | $53,009,390 | $2,910,036 |
American Society For Photogrammetry And Remote Sensing Baton Rouge, LA | $689,794 | $723,422 |
Weatherford Board Of Realtors Weatherford, TX | $728,023 | $624,341 |
Texas Energy Poverty Research Institute Austin, TX | $430,142 | $640,759 |
Geophysical Society Of Houston Houston, TX | $559,607 | $339,555 |
National Weather Association Norman, OK | $439,471 | $402,622 |
Scientific Investigation & Instruction Institute Austin, TX | $33,035 | $151,334 |
National Tornado Foundation Edmond, OK | $0 | $0 |
Northrop Rice Foundation Houston, TX | $21,221 | $0 |
International Union United Auto Aerospace & Agricultural Workers Hurst, TX | $72,306 | $0 |
Professional Aviation Board Of Certification Houston, TX | $128,138 | $0 |
Ttara Research Foundation Austin, TX | $239,532 | $0 |